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Silver Backwardation Doubles Overnight
Yesterday we correctly predicted that the entire 10% silver correction would be momentarily taken out as the Comex news is properly digested. And so it continues - as silver is once again pennies away from $50 and a fresh new nominal all time high, we take a quick look at the futures curve where as expected the backwardation is confirming the "negative convexity" (yes, yes, we know silver is not a duration security) once the $50 stops are taken out will send silver surging to unseen before levels (which also considering it will be at a new record over $50 is pretty much intuitive). In the meantime, the chart below is the worst nightmare of anyone still holding short silver positions. While the near-far contract backwardation was about $0.75 yesterday, it has since doubled in less than 24 hours. We can't wait to see what surprising nuggets the Comex will bring us today.
And 5 day silver chart:
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Just sold a shitload more '64 Kennedy Halves to Apmex. Hurry Sheeple. Buy them before they're all gone.....LMFAO!!!!
Looks like they are already gone, bro.
Got any more?
I'm a retard so I Just sold a shitload more '64 Kennedy Halves to Apmex. Hurry Sheeple. Buy them before they're all gone.....LMFAO!!!!
Corrected for you
I'am climbing a wall of worry! This is gettin slipperier then a fish.
it must be terrible to be on the wrong side of history being short silver. it's like betting for the romanov's in 1917.
Another record low in SIL/SLV. Amazing how everyone is piling into physical and shorting the silver miners big. Something big is gonna happen soon.
but you said yesterday that diversification is for chumps, that all assets are rising together. so are you now saying everything is going to fall together including your widows and orphans portfolio?
Robo, do you still have that monster box of ASEs for sale at $44/ounce? I didn't junk you, btw, but I'll take $2 below $46/ounce.
I'm in Pasadena. I can meet you at CNI any day of the week. But going to Inglewood would require me to bring along my Benelli M1 Super 90. Just ignore the trench coat in this 85 degree weather.
lol. good post.
Its 'amazing' people want physical and not paper crap backed by nothing? Robo you are truly a moron.
Maybe that something big will be a "currency collapse" or perhaps even a "waterfall decline" that just never stops. A slow death, if you will.
Frankly they have some tricks up their sleaves still, but, at this point, they make little to no difference. I don't personally see this being an overnight collapse (I could very well be wrong) but I do see certain points for the US dollar triggering a faster collapse.
I think once the dollar finally digs its grave and hits 69 on the DXY or gold passes $2,000 we'll be in the territory for complete collapse.
</opinion>
Silver miners are a very expensive out of the money call on silver prices, with operational, political, tax and strike risk added on. The worst thing is these risk factors increase as prices go higher...
Very few offer good value vs buying silver calls IMHO.
I just keep buying physical on every small decline. Some think it is over for silver. Well, we shall see.
You're an idiot.
must be terrible to be short.
Urine visible.
Says the guy losing money to the guy making money.
Picking a Fight With 5 Silver Traitors
http://dont-tread-on.me/picking-a-fight-with-5-silver-traitorstraders/
Bob Moriarty Responds...
http://dont-tread-on.me/bob-moriarty-responds/
Bob Moriarty's Missing Twin...
http://dont-tread-on.me/bob-moriartys-missing-twin/
Benedict Bob
http://dont-tread-on.me/benedict-bob/
Uncensored Silver Traitor YouTube Interview
http://dont-tread-on.me/uncensored-silver-traitor-youtube-interview/
After reading some of his truly hysterical and spittle-flecked, outright Nadleresque rantings against silver and silver owners lately, I have lost all respect for "Baghdad Bob" Moriarty.
Fuckin' papah playaz.
Come get your spankin' Bitchez.
http://www.youtube.com/watch?v=e1oHne6LGEQ
Yeah, ok, great. Backwardation. Blah, blah, blah.
Miners have not participated whatsoever in last 25% rise in silver metal.
This move is not real.
the move is real in my world. my net worth has risen significantly. must be terrible to be short.
Funny how you are the arbiter of what is real and what isn't.
Especially considering how you have been nothing but wrong in your calls.
Why don't you leave interpretation of reality to those who have been able to do it successfully in the past?
neither has copper or the dollar for that matter. DX is down 2.7% since QE2 was announced.. the dollar slide hasn't even gotten started yet.. if your short the monetary metals you will be crushed.
The Hunt Brothers did not consider miner participation when the price of Silver moved to $50 bucks in 1980. The miners probably are mired in inactivity due to the fact that the inflation adjusted price for Silver from 1980 is around $130-$140 bucks per ounce. The miners need $140 benchmark to be able to reconsider activating now dormant mining facilities.
IF they haven't been seized or otherwise ruined in the intervening years.
Daytraders take SLV to new highs....soon to be TASR, Books-a-Million, or Presstek.....I predict pain for silver longs that buy in the 48-50 range...
I am finally starting to notice a great enthusiasm towards silver, specifically my demographic. 17-25
http://forum.bodybuilding.com/showthread.php?t=133187003&highlight=silve...
^The bodybuilding forums are some of the most visited on the net (traffic+user registration).
Healthy bull market. None of the posters seemed to have any interest in paper ETFs. Physical is in heavy demand!
LEMMINGS!
Give them credit for taking initiative to store their labor in something other than worthless benny bucks.
love or hate the metal, isn't it great people are slowly but surely waking up?!
I am indifferent but i recognize a healthy rebellion when i see it.
how can less than 1/10 of 1% of the population that own silver be lemmings?
You lemmings buying silver up here are paying the equivalent to $75 for a frozen pizza. You see the price go up and conclude the end of the world is nigh.
Well guess what, you are all nothing but ants piling under a magnifying glass. And soon you will all be roasted. And I will laugh a satisfying laugh because I don't care for silver bugs.
Eat this!
Is that US$ or Z$?
You are certainly bitter, aren't you? Why do you blame us for your foolishness? You lost your own money. Not us.
Me thinks he is an angry deflationist.
Perhaps he is a former disciple of Rick Ackerman (now apostate), or a member of the Douchinger Cult or a diehard Precherite, still searching in vain for that deflationary unicorn somewhere over the rainbow.
I do believe in deflationary unicorns. He is just a little shy right now.
LOL, he's been "a little shy" throughout all of monetary history.
He only comes out when gold is money.
Nice!
So... your response to the silver bull market is to... name call those that see fundamental problems in the current economic system.
"You lemmings", "nothing but ants","I will enjoy your torture..."
Well, your comments demonstrate you to be a sociopathic narcissist who relies not on logical discussion to persuade people towards your point of view but rather bully and cajole in the attempt to make people feel insecure about their decisions.
Though I am a holder of precious metals I always try to read the contrarian point of view, but posts like this make it difficult.
Argue the economics. If you can't, don't say anything.
Look at miner participation (or lack, thereof) in this recent spike.
Troll.
Money that would normally go into miners has gone into other new paper products, simply because people want exposure, but they don't want to have to do a bunch of research or expose themselves to the various extra risks inherent in mining.
But you wouldn't care to know anything about that, as you have set your bias and will lose 100% of your purchasing power trying to pursue it, and wind up an impoverished bitter old man.
Dammit this is unfair!
I am being outtrolled here!
"I don't care for silver bugs"
Guess what, silver/gold bugs could careless what your broke-down broke ass thinks.
I'm sure you don't know that starvation is a very painful death, but you will.
Your jealousy of bugs is obvious and your stupidity knows no end.
The value of your posts is -273!
WOW what a jerk-off, you should change your name to Thunderous Prick.
When I see your name, I think of Mad Max and the 'Thunderdome' and wonder if you are suffering from some internal conflict like Freud might have discussed; you are bashing a thing people are buying to provide some level of fiscal protection from a system that has lost its fucking mind, while projecting the Mad Max scenario at the same time. Poor bastard (perhaps on more than one level).
I AM a silver bug and have been since $4.25 while adding to my physical position all the way up to $11.30 in 2008. I have been listening to verbal vomit from thunderous pricks like you ever since, and been LMFAO the whole time.
Now, get the fuck out of your Mom's basement, and get on with what life you have left. Most of the contributors on this site could probably buy and sell your little ass a multitude of times over. Naive bitch...
hey, b_B! slewie sez: don't dump it, pump it!
They can watch themselves lift gold in the reflection from their silver.
Love the lifters, so little required to keep them busy.
I heard the FOMC statement read on msnbc right after it was released.
You silver shorts need to learn fedspeak because the FOMC said it was ok to go long precious metals and you should cover your shorts ASAP. anyone who speaks fluent fed heard the message loud and clear.
are all Silver ETFs dangerous to carry at these prices? or mostly the SLV?
If you have the ability and want to buy and hold silver (not trade it), why wouldn't you just buy physical? ETFs to trade, physical to have and hold.
Yes and yes.
If you must ask cost, then too much!
It's a a paper Ponzi pyramid scheme.
Nearly all ETF's do not allow the average trader to take the underlying asset.
If the US Dollar crashes to zero like the Wiemar Mark or ZIM Dollar what do you think you are going to get from the ETF? That's right, worthless US Dollars.
I like the bearish posts on silver. To me, that means a long way to go. And miners will get there. Gotta have patience, once the sheeples think gold not going back to $800, they may buy miners.
This is a long process, unless they apply the hand cuffs to Bernank.
I am thinking that Silver may actually hit 60 within a week.
LMAO
You sold @ $28 or was is $22, I can't remember.
fuck yeah, sold at $22...SHIT.
Well Rusty, the end is getting close. You better get back on board at some point or you will be left to the dust bin that is history.
I should mention that I didn't sell my entire stash, matey.
argh.
i started to say yesterday that you ought to sell your puts for profits when you were up $13k, and buy the physical. then hedge with puts if you just had to be bearish. but i didn't think you would listen to reason.
Hey there you are.
I don't think it will be within a week, but I def see it clearing that end of May, come July followed by a (likely) correction due to Q2 profits and GDP outlooks. I don't think it's impossible to get another S&P downgrade for the US, either.
I think by end of May we will be well into correction mode in Silver. But there is definitely a lot of strength now coming off of Bernie's speech. Enough that I could see an acceleration of buying over the next 5-8 trading days.
Obviously self respect means nothing to a whore like yourself.
But you told us two weeks ago that silver would absolutely be crashing THIS week, troll.
What's the matter, did you get racked in the crystal balls again?
A good trader sucks on any boob that's put in his face. When it runs dry he doesnt rant, he looks for more boob.
Not a wise strategy when that boob supplies not milk but drain cleaner.
I said by summer dipshit. That's why I bought october puts. Try to keep up.
No, two weeks ago you were saying that silver would be plunging RIGHT NOW.
But I agree, it is indeed hard to keep up with your ever-mutating lies and mutually contradictory web of trollish disinformation and pro-bankster propaganda.
And tell us again what utterly PERFECT timing you had in purchasing ALL of your supposedly physical precious metals:
by Dangertimeon Sat, 04/16/2011 - 10:27
#1175694
I beat you, my coins were at $265 and my silver is only 100 oz bars at $4.75.
So tell me, are you and Jon Nadler drinking buddies? I don't doubt for a second that he has accumulated quite of few of those gin blossoms on his mug while drinking alone to drown his misery as gold and silver daily make a mockery of his disingenuous and anti-intellectual PM bashing, but we all know that drunks do love to share their misery and imbibe with others of like mind.
"But there is definitely a lot of strength now coming off of Bernie's speech"
that's some funny shizle, right there.
Get out of your short positions. Get long and stay long.
That's what she said.
cool story bro, now if you could find someone who actually gives a fuck what you think...?
------------------------------------
by Dangertime
on Mon, 04/25/2011 - 10:35
Forgiven, the peak is in for this run. We will see $50 again but not likely for another year. You still have time to sell and restock with even more this summer.
------------------------------------
I see you dangertime....
http://www.youtube.com/watch?v=mgCLURcZUuw
why not...silver is in a "cup and handle" movement right now....we will see a low ($47.5?)in the next days to then run to $54, pause, a then boom!, $65 by May....let see
Dangertime - you predicted Silvers run was over tapping out at $50 and said it appears it was all over, you were shorting... i said a bounce back to $50 was appearing to be underway, not a drop toward $30, but you didn't answer back buddy?!!
..now here you are predicting $60 ...are you Robots' twin brother and equally unconscious of your previous statements?
Rolling on the floor...
Wal-Mart: Our shoppers are 'running out of money' http://money.cnn.com/2011/04/27/news/companies/walmart_ceo_consumers_under_pressure/index.htmattention K-Mart shopperZ!
wal-mart shopperZ are now in backwardiZation!
Oh thats classic - BULLISH for knockin' over 7 Eleven's
That's a refreshing article, but could I rewrite one paragraph?
Wal-Mart shoppers, many of whom receive government hand-outs via the SNAP program (AKA: food stamps, administered by JP Morgan), typically shop in bulk at the beginning of the month when their welfare checks come in. Most urban center Wal-Marts typically run out of cheetos, potato chips and donuts within hours of the money hitting the welfare takers' accounts.
I'm long donuts. It worked for Ponzi, C. or was he selling DETF's
shop in bulk at the beginning of the month
This is something I can't get my head around. Food stamp people buying 4-5 boxes of krispy creme donuts at top price at the beginning of the month. Donuts are stale by day two and not edible after that.
?
When they go stale, you just pop them in the toaster oven.
The last marginal buyers?
Does anybody remember when it's "Talk like a Pirate Day" here at ZH?
arrriight ya fukin bilge rat degenerate swine!
listen: if we don't take this $50 out, now, we can always do it in another...
...31 years!!!
now, put yer FRNs into it and buy, dammit, BUY!!!
and fire those 16-pounders at the damned banksters, too, ya spawn 0' pond scum!
AARRGHHGHGGhhhgghhrrrghgh!!!
Sept. 19 each year. Aaaaaaaarrrrrrrrrrrrrgh...SILVER, ME HEARTIES!!!
Thank goodness for The Bernanke. I've been able to unload a lot of generic silver on eBay in the past 4 to 6 weeks at some nice prices. Taking the cash and trading it for cheap Mint silver products and Silver Eagles. Making the alchemists of yore very jealous: Turning paper into silver and gold. Thanks, Ben.
PM's are nice, but we need dollars to live. I hope Timmy plans to defend this bitch sometime soon.
How would he do that? Stop printing and pumping?
Dollars fund the war machine, that is it.
Dangertime! Dangertime! Dangertimes PM shorts have now put him in a cardboard box under some overpass.
What do you mean, "now"?
Underneath bridges is where trolls always live! It has the added advantage of usually supplying them a firm concrete floor, which tends to inhibit the urge to dig for all that easy $5 silver that's everywhere just below the surface.
Well, silver longs have the following in their favor:
1.) Bernank dollar death party
2.) JPM Short Squeeze
3.) Manic public interest
4.) Supply problems
5.) Sovereign wealth interest
6.) Large hedge fund interest
7.) Paulson
8.) Turd
9.) Backwardation
10.) Blythe betrayal of Jamie for hookers and coke in Argentina
Nevertheless, I would expect some resistance in the $50-52 area before it is clear sailing above.
Trade the paper. Horde the physical.
well this is a change in tune. are you a believer today?
You forgot that silver defines monie and dollars do not.
You need to add 'Bernanke Press conferences' to this list. If he just did a press conf. every months or two it would really help.
http://goldandsilverlinings.com/?p=832
The obvious bet is never the right one, though.
oooooo, that's deep man. You forgot:
'a bird in the hand is worth two in the bush'
'my dad can beat up your dad'
'a ray of sunshine does not a summer make'
'it's a sin to steal a pin'
'every cloud has its silver lining'
"There comes a time in the affairs of man where he has to take the bull by the tail and face the situation' (WC Fields)
"I intend to live forever. So far so good." (Steve Wright)
As you were standing in the street one day, as quiet as could be, a great big ugly man came up, and tied his horse to thee.
hot off the press: gentleman jim sinclair sends warm regards to robottrader, dangertime, digger bickus, math man and thunder dome. said he hoped he didn't leave anybody out.
There are BS Trolls (before silver), but we do not need to mention them by name.
Copper and Cotton correcting hard, charts are breaking down.. SLV is complelely over-bot....going short here....like to live in danger...ha ha short 200 slv puts with a 50 strike
quickest 20,000 that I have made in a long time.....u welcome
You do realize that selling a put is a long position, don't you? I didn't think so.
Options newbie, but are you sure you got that right? You are selling puts, and thinking you are going short?
Buy Silver........Crash JPM
Greetings, to all silver holders and haters. First post for me here, though I've been reading ZH for about a year.
Bought some uncirculated Washington quarters on ebay on Tuesday (?), I think it was, when silver was down in the 45-46 range. Actually bought for less than spot+10% including shipping, which I consider a bargain, then used my ebay bucks (from prior silver purchases) and it ended up being spot -15%. I am not rich, so the purchase wasn't huge, but my stash is growing and it's already worth much more than what I paid.
To those who wish for a sell-off, or "over the cliff" event, keep wishing, but if it does, I'll just buy more. My basis is about $16 but keeps rising. Been buying since 2004 and pine for the days when silver was under $10.
"and pine for the days when silver was under $10."
Welcome... Ah, nostalgia. Not for $10 silver, but for those who said $10 was still $4 too high.
To them I say...
"If you didn't like it at $10, you're gonna hate it at $50."
And now that it's $50, they are here venting their anger. No need to encourage them.
To me silver is at a very interesting juncture. There is so much monetary inflation in the system already to legitimately argue that silver is on its way to $150/oz. Should there be a true short squeeze due to a lack of physical at the commodities exchanges, we might see the price go even higher. The FEDs balance sheet is as big as an overstuffed pig. I give the probability of a bull move at 65% or so.
On the other hand, there are more weak hands in the silver market now. These folks could be easily spooked and run to the exits should we get some downward momentum. So an ugly correction is possible. I think the quick 10% correction was driven by the weak hands. I however give this just a 20% chance of manifesting.
I give a 15% probability on the super whipsaw scenario. In this scenario, the short squeeze pushed prices sharply higher. Before the squeeze can fully express itself, the regulators step in like they did in 1980. If memory serves, the exchange forced the longs to liquidate by limiting the ability of new buyers to enter the market, and longs could only liquidate. The drop from that point will be swift and severe. No question, silver is the most exciting market to watch and play these days.
http://www.TheAngryGrapes.Com
ah, "but what's better than silver soaring as all other prices decline." save for Gold of course.
but...but...GPL is preparing to explode up! Why not ride it?
Are you talking about the stock Great Panther Silver?
Great Panther is low quality,insiders continually flip options.
Ah....I'm not a day trader. I just buy and sell....after a few days of holding. Great Panther has actually made me dough. :)
Congrats,they have done very well with their SP since the Amex listing.
Math man is just upset because his family is still in so much debt from when his Great Grandfather in Weimar Germany shorted gold at 1200 marks/oz and covered at 10trillion/oz. His family has had to pay this debt by making shyster videos so hes kinda bitter about PM`s...
Now you only need a parrot on your shoulder in order to be admitted into the decent pirate club.
Arrghh, matey. Turn 'em into shark bait, I say. Over ye go!
is that a pariot in your pants ...
or are you just glad to see
silver over 48 $
The miners are going nowhere until the ETF fiasco happens.
Why is that? By ETF fiasco, do you mean if the ETF's are found to have loaned all the silver out and not gotten it back?
Loaned it out? They never had it. Or at least, never had very much.
When SLV, GLD, and the other paper ETFs go bust. All who own these get screwed. Then everybody realizes the only way to play silver/gold in stocks is with the miners, not ETFs (Sprott excepted).
Perhaps it's not so much that silver and gold are getting more expensive, so much as the purchasing power of the dollar is erroding to the point where it requires more and more fiat to buy the same amount of silver and gold?
We are not headed toward the end or the world. Anyone who's envisioning a Mad Max, AR15 + canned food senario will be deeply disappionted. We are headed toward Portugal circa 1968 ( total destruction of the middle class ), then on to USA circa 1930, minus the gold standard; under those conditions, PMs should hold their value better then any other asset class.
Now, the end of affordable oil...well, that's a different story; but let's deal with one crisis at a time fellas...
Walked into my store yesterday to one of my employees selling her old coins left to her by her father - all silver vintage. Asked what she was doing and she just said getting rid of this junk, don't need it. I pulled out an 1886 Morgan, 1921 morgan and a 1923 peace dollar and asked her what she wanted for them - she said oh, they are only good for a dollar. I was stuned... asked her if she had any idea what the hell they were and she said junk. I bought em... Some people have no clue what they have and think it's junk when you tell em it's worth something.
I have no idea what they are "worth" but the silver's worth something in them, let alone the age.
You must treat your employees well.
You must be awfully proud of yourself.
way to treat her like an inferior human being. just wait until she figures it out.
Yah I'd be wary if she offers to fix you a coffee over the next little while.
You are the opposite of CG's Johnny Silverseed. That was a good teaching opportunity to peel a sheep's eyelids open.
The volume/open interest paints a pretty picture too.
Those 2012-2015 futures are ultra-liquid - what they are telling us cannot possibly be wrong. Time to bet that Argentinian farm.
Look.....silver is down a buck. That's the Plunge Protection Team at work.
All those Walmart shoppers are probably buying silver instead of plastic junk. Also, I am happy that I bought 75% of my silver when it was in the $14-$22 range. I am really not worrying about a 10 or 20% correction. From all activity I have seen lately there is a large upside yet.
Looking at a basket of silver stocks and there is a concerted attack right now that looks destined to fail. Too quick and too correlated for this to be anything but the shorts making their daily push.
My prediction is that this is today's daily dip to buy.
So whats next ZH. A correction, stomping out $50. Whats your short term prediction this time around. Im considering buying some protection here.
You should buy protection and sell some out of the money covered calls.
"If Silver futures were to get hit as hard in the weeks ahead, they’d find a bottom near $38. Hardly the end of the world. Moreover, we suspect that, just like in 1987, it could produce the best buying opportunity we might see for years to come."
http://news.silverseek.com/RickAckerman/1303770061.php
Another fun battle today. Trading swings indicate their are some pretty hard heads on both sides (no surprise to anyone who follows postings here.) Obviously, this is being played out on bigger stage. Guess is that action is the "beach ball in the swimming pool" effect with silver stock prices, and not the turning point for a correction yet.
Dangertime capitulated!
Gentleman start your shorts.
Wimpy men like me only gear up 2 to 1
Buy zsl. You will either get a good ass fucking or
get to gloat for a while.
The readers, question above on ETF's was interesting. I would say 98% of the people out there have no idea how the game gets played in the background, and I don't mean this to be insulting. But the fact is they are playing ignorance arbitrage. They know the public cannot fathom the complexity of their thieving, and they have been practicing for many generations. Its like the Armored Car heists, and the unique history of Charlestown MA, but many times more complex...
I remember way back, early lessons, regarding convertible securities. A company I was following closely, was talked into issuing some convertible bonds which also had some warrants attached.
The stock, had been strong, and the company growing rapidly, so they used this to raise cash.
With all the permutations and contortions that the "firms" and their "traders" could pull, the stock was held dead in its tracks.
I suspect that there are HUGE naked short positions, with all sorts on convoluted options and derivative positions, so that very few can see what their 'net "net position is, especially when tied into the ETF's.
Add to this the fact that "Stock Certificates" are no longer issued and you have a recipe for massive manipulation, and theft on a scale that reaches new all time highs.
If they are caught or lose Trillions, they will say they were protecting the dollar for everyone's benefit, if they get away with it, then its private enterprise, and risk taking, that made this country what it is today (pun intended).
How else do you explain, mining companies, with the most profitable quarters back to back, with even better quarters and years to come,...ending up being such poor performers. If they had any idea how many shares of their companies stock and equivalents were floating out there, they would certainly shit their pants. They are being robbed mercilessly along with the public.
And its the same "firms" that we see in the silver suppression and add in the other most ruthless FED supporting entities.
1 + 1 == 2
1: You can create unlimited fiat out of thin air at zero cost.
+
1: You are utterly non-transparent (and call this "independence").
=
2: You can manipulate anything you want, as long as you want.
-----
Exception: The total quantity of real, physical goods. Therefore, you must find ways to slow or prevent people from demanding and receiving the real, physical goods that support the fiat, fake, fraud, fiction, fantasy paper asset scams you manipulate.
Which is why everyone with half a brain, and even the faintest hope for success and liberty must convert all their paper assets into real, physical gold and silver that you keep in your own possession.
If you let anyone hold your gold and silver (with the possible exception of the Sprott physical funds), they lease, short, rent or sell your physical assets (to hold down prices and therefore your gains) OR they run a classic ponzi scam wherein they only buy 1% as much metal as they've received money to buy from their clients (which also holds down prices and therefore your gains).
Get real. Get physical gold and silver.
In gold we trust.
Yep, another backwardation article on Zh, and another Silver take down. The time to trade silver--not core position--is every time ZH starts posting on backwardation and how the price is going to soar. The fact is silver ALWAYS tanks after they post this information.
Otherwise, just hold core phyiscal and ingore all the silly syndicate Wall Street COMEX bullshit.
Love ZH but you give too much credit for silver market moving capacity. Today was going to happen after yesterday, nothing anyone on here was going to do about it. Big boys in charge on both sides no matter what is said here.
My 'day' call was wrong. i thought we'd hold the early gains and went against my own gut (stated here) to sell the early rally. Well there was a sell off, but there definitely was a floor put in midday (AGAIN!)
ZH is a forward looking mechanism. The info in these posts from these guys is priceless and usually leads the market by a few trading sessions. Buy the rumor, sell the news.
why it is tanking again ?
LMAO. Look at the silver troll bleeding out.
Hi there, Mr. "1 week, 3 days".
Another new username joins the troll ranks.
Tyler, any possibility we could close new registration for a while? I would like to see what effect it has on the sockpuppet trolls.
T if I were you I would get nervous.
Dangertime capitulated.
Trolls aren't contrarian indicators. They are noise, and provide no information one way or another.
And where did he capitulate? Just above I saw that he still owns October puts. Still chasing the dragon, so far as I can see. I'm sure the result will be the same for him as it has been for every other dragon chaser.
So he ends up looking like Iggy Pop? That would be justice indeud.