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RBOB just hit a new high so all the walmart shoppers should appreciate that.
keep the faith
45->49 => 50 is close
49->45 => Correction is inevitable
48->42 => Nothing
42->46 => 50% retracement is onboard.
Why don't ZH admit that Silver is being manipulated like Bush in the White house, and that no amount of buy and hope will work...
You really need to pay more attention if you think that anyone here who isn't a paid shill doesn't think that the PM markets are more manipulated than the CPI. The point is that the usual tricks which have served our beloved bankstas so well are no longer working, and it's taking more and more juice just to buy Blythe and Co a precious few hours of breathing room. The weekend snowjob was nothing more than a fire sale to anyone who gets the big picture. But hey, enjoy being wrong, you've got plenty of company.
I would love to know how many tons of physical Silver was purchased during this dip.
NONE. It happened between 6pm yesterday to 9am this morning.
Hey dumb fuck! I bought more than a few ounces of physical. Didn't matter what time it was. I'm sure I was not alone.
From Sunday 6pm to this morning, you bought physical. Where, how much and in what continent?
Maybe you placed an order over the internet, but I highly doubt it.
My point is, on this topic, ZH itself is a manipulator. (I understand that there are bull/bear in every market.) But the way that ZH posts these news... not even pretending to be bias-free.
I guess you get your fair and balanced from Fox, then?
Why should they PRETEND to be bias free? No-one is bias free.
Fair enough, but in general, with regard to the banks, GSEs, Financial Reform, ZH seems to be pretty fair and breaking news left and right. With regard to silver and gold, they lie, tilt and generally one-sided.
Case in point, look at this post's headline... and the tag says crude, it has nothing about Crude...
47->43 => Nothing...
OTOH: is it really wise to go against potentially thousands of millions of motivated people with 50 bucks, a singular purpose, and the will to get it done?
Forget about the blatant assumption that you are making... What you are really saying is: All Market display effcient prices, and none of the movements matter...
Oh yeah, thanks for enlightening us about manipulation there, Master Yoda.
But I thought Bush said you're either with us or against us. Does this mean I cannot trust my respected leaders?
Not leaders, paid 'public' servants.....They seem to get it confused too
Just a bully tactic.
I say eliminate the threat and let others choose their sides. Eventually they may grow up and see the folly of their ways. If not... Well, then they will choose to stay in the dark ages and we'll still be free.
What we need is another Gartman sell rec. on gold for another $65 dollar gain.
Hey WANG, whats with the pictures it's a parking lot? C'mon will ya....
the sheeple get up at 4am for the kohls one day store sale. im up at 4am to buy the jp morgan one day silver sale.
Things that make you go hmmmmm
2004-(5) - Silver goes from $4.50 to $8.25 in 9 months for an 83% gain. Silver then crashes almost 30% to $5.50 in six weeks.
2005-(6) - Silver goes from $6.50 to $15 in 9 months for a 130% gain. Silver then collapses 35% to $9.50 over a brutal eight weeks.
2007-(8) - Silver goes from $11.50 to $21 in 7 months for an 83% gain. Silver then gets crushed by 25% to $16 over six weeks.
2010-(11) - Silver goes from $18 to $49 in 8 months for a 172% gain. Silver then crashes x% for a loss of $yy over six weeks.
I wonder how the pattern will complete this time.
I'm petty sure everyone here already knows you don't sell the dips, you buy them. Thanks for the additional evidence of this!
Buy the dips, but don't forget to sell the mania rallies!
I bet this dip has a lot more dipping to go.
True silver could dip further, but why is it going to dip more than previous corrections when it is in backwardation and the dollar is falling?
Dollar has been falling all decade. Yet silver made those same corrections.
That is the biggest bunch of bullshit you've spouted out of your blowhole. The dollar chart looks like a rollercoaster of manipulation and throughout it all people have been calling a bubble in the PMs...just like you. The DXY isn't even down to the lows of 2008...yet. It's getting closer every day though. That smell...it's fear and sharts.
Wait, so the dollar is a roller coaster but Silver IS NOT???
Talk about blind.
Roller coasters go up and down, but they are biased downward, as they are driven by gravity.
Silver is biased upwards, but only because the ground is falling away from below it. That is because it is entering orbit.
Good luck catching up.
But in both directions they go. Why not wait for silver to fall to the low $30's before buying any more?
Because the wait could be forever. I would rather dollar cost average.
But I'm sure you wouldn't understand that logic, as you only know 100% immediate commitment in a single direction that you change on a dime for no real reason other than a "feeling" that the price is "parabolicky".
And yet, here you are, holding a $49 bag.
How's that working for ya?
Is anybody running a tally on this guy's bad calls/losses?
I'm actually very green on my silver puts. Almost 20k at the moment.
You're not fooling anyone.
If you say so. I loaded up at the open a week ago today, turned out to be a great call.
Yeah, except you aren't covering, because like a fool you think it is going to the low $30's.
Enjoy your total losses, knife catcher.
Christ, and you call US inexperienced.
I'm sweet green buddy. Remember the morning I bought a shit-ton of puts after it reached $49 in asia?
Or did you conveniently forget that?
Did you sell them?
An experienced trader knows you don't have profits until you book them. You are waiting for silver to hit the low 30's.
A person experienced with Silver knows that selling Puts now is WAY too early.
Exactly. You are 100% bearish. In a ten year bull market. In a collapsing dollar environment.
You are going to make a trillion dollars, but you won't be able to buy a cup of coffee.
Bull markets have pauses and corrections.
An experienced investor can spot them, and profit accordingly.
You just lost that bet moron.
And you think this dip only lasts a day?
Uhh, yeah. Looks like it.
Timing is everything. The next couple of days will tell us if the dip lasts longer.
Funny you get junked for stating the facts. Must be people from Mish's or KD's boards coming over to tell us all that silver is all done and the bubble has been popped.
People love beautiful lies and hate the ugly truth.
Yup. Now you only need it to fall another 40% to be able to afford the same amount of physical silver you sold after all that capital gain you realized.
How's that for an ugly truth?
Only rookies bet in one direction.
My silver gains went into silver puts to pillage you amateurs in both directions.
God I hope none of you are buying, because this is going to get very ugly for you.
Dangertime, get bent.
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