This page has been archived and commenting is disabled.
Today's Precious Metal Close Banging Moment Brought By The Fine People At The Comex
It's 1:30 pm, the close of trading on the COMEX pit: do you know who is banging the close in your silver?
Silver pits close at 1:25 pm, just as the dump in silver peaked. Gold followed suit, with its 1:30 pm close. This blatant attempt to dump PMs into the pit close and have silver and gold end trading on the books near the lows of the day merely confirms that "someone" is truly desperate to avoid an avalanche of margin calls. Of course, this uber-cheap trick works at best for a day or two.
»
- 21202 reads
- Printer-friendly version
- Send to friend
- advertisements -
remember the old snl scit circa 1975 or so where buck henry played the role of a call in radio talk show host. he had a bank of about 10 phones. couldn't get anybody to respond so he kept raising the ante with wild issues to discuss. at the end he was saying things like "i'm in favor of busing in soviet communists to teach godless communism to your children." had to be there but it was funny.
just offering you a creative idea to help ease the boredom at work. you're welcome in advance.
CDE doing alright.
Tyler PLZ report on finra 4320 going to effect today
Make sure this happens next week. I'm doubling-down on my physical holdings and need the price to stay where it's at.........
C'mon guys roll it over. Don't stand for delivery and screw the great buying opportunity.
Remember the story of the father and son bull... "Don't run down the hill and fuck a cow, walk down and fuck them all."
Does anyone know why CDE is up 12%
Their Q4 report. Much better than expected and gave a very rosy outlook.
Bought the fucking dip!
titty twister,
Fill me up with Silver and Gold.
Earth to Beavis.... Uh, like, my uh, Hecla Mining company is getting like, uh, screwed today like that sick scene in Pulp Fiction. Heh, heh... Like, what happened? This isn't cool
I owned Hecla up until a couple of years ago when I recognized that the markets were completely manipulated. I then dropped it (doubled my dollar supply doing so), and went all in physical.
Don't screw around with miners unless you are using money that you would otherwise take to Vegas. They are paper, and may very well go to nothing. Or you might get lucky and see the leverage they once represented come back into play. I, for one, won't touch them, as enticing as they may be.
Note that since I dropped all my paper, I have increased the dollar value of those holdings by some 250%. Of course, this is not much compared to HLs 500% gain in the same period, but others that I owned have not done as well. Owning a single miner is a sure path to ulcers, and a likely path to financial ruin.
To the tune of It's Cryin' Time Again:
http://www.youtube.com/watch?v=e0ULkUzRCSs
It's Buyin' Time Again
Oh, it's buyin' time again, you best believe me
I can see that bang the close look in your eyes
I can tell by the way you paint the charts oh darlin' Oooh
That it won't be long before it's buyin' time...
Is Meth Man really Bigus Dicus? They both seem to get really upset when their credibility is questioned.
might be. but surely he's a practical joker. he gets bored at work and he and the buds decide to rile folks up at zh with statements he knows will set people off, me included. like i said he probably has a whole safe full of silver.
math man bored at work hardly,,
He loves lining up for unemployment checks . needs to check in a couple times a day. To fabricate his job hunt..
any one with a scintilla of ethic would cry uncle run to the arms of his mirror and find a anal regressive hugging himself
LOL as usual.
JonNadler wonders whether his new troll can last 2 more weeks.
lol. ok. i like your concept better.
Looks like some short covering going on with SLW.TO and ABX.TO.
...and on a very important side note...
Did ANYONE hear in the MSM about the Croatian unrest this weekend? No? This piece of news was squashed here and in most of Europe as well.
The proverbial SHTF must be a lot closer than we all think.
http://www.google.com/hostednews/canadianpress/article/ALeqM5he9nZr1eQHzEQr1daZrNrmiLxKIw?docId=6085423
I've heard nothing, I found out about Croatia by accident on youtube. Not so interesting having a non-middle eastern country explode apparently.
silver just retraced the whole drop...poor, "poor" Blythy
What is amazing is that they can drop it at their whim.....we can´t do that...I want one of those computers.....all I have is an Ipad...lol
no, what is amazing is that they drop it at a whim, but now it just comes back up! 50 cent drop and retracement in a couple of hours
we trolls is becoming totally irrelevant. Isn't that right Methman and Spaulding Smells?
You and dumpster are cracking me up! Thanks for the laughs!
Where is Spalding? I thought our new resident expert on PM's was now firmly on the bullish side of the gold/silver trade?
He's of no use to you now Mr Nadler.
LMAO...
He's busy delivering a dinette set. Only load he's had in a week :(
I'm totally cool with silver adding 30-50 cents every day.
The silver market is amazingly strong. China continues to offer support at these prices.
math man is a lopster
ready to be cooked
in the mean time he spends his free time .. which is aways ,, using his claws to grab every one down into his pot of foam and spit,
the meat will be eaten, the shell tossed to the wind as the birds make short work
but what remains is the crap at the bottom of the pot ,
math man ,,,
but wait it cost mathman just a dime to spit into the air and catch it in his cloth hanky,, soap and water to purge the cloth
just rinse repeat ,
Not to mention:
Fade to stupid!
on Mon, 02/28/2011 - 17:28
#1005198 lol math man is the guy who goes out with mother permission a couple of his high school friends goes to a lap dance party, comes home quizzed by mom whats that wet spot on the front of you he mumbles its the beer
Meth Boy lives in his mom' s basement and makes beer runs on his cub cadet for extra cash, LOL !
Man, Id love to be able to post a pick of Blank Man. My mental pic of Meth Man is similar. Meth man says; There is no time!
http://www.youtube.com/watch?v=pKVZcGhzG70&feature=related
Police cam video of meth boy getting a dui on his lawnmower:
http://www.youtube.com/watch?v=RNPxIibhcKY
I think that i don't see any difference between BTFD on stock crew and u guys.
Even silver is a great investment, it doesn't go straight up.
If I were you, i'd be taking profit or wait for the pull back to buy more.
If you pile in now, your risk could be pretty big.
Anyone that "thinks" that PMs are an investment is deluding themselves -- it's WEALTH INSURANCE! Do you think it's a good idea to cash in your whole life policies once they're in the black, only to have to turn around and re-purchase them again?
I was just now speaking with Math Woman. You're right, the very same Math Woman that married him before Kennedy took office. She left the phone off hook and all I heard was screaming about the way he was supposed to clean the toilet and how next time she would make him lick it clean. Math Man retired from teaching at Georgetown and has never since learned how to do ANYTHING right.
Both metals back up now, like it never happened... wishful thinking you bastards.
At least I don't have all my investments denominated in USD like mathman probably does.
Check out this guy, he is much more sober.
http://traderdannorcini.blogspot.com/2011/02/march-silver-futures-see-continued.html#comments
Total newbie question if allowed : in the graphs on Jessie's Cafe Americain, (from above), he mentions "It is quite important to remember that the market's price is set at the margins, and the distribution of the marginal price is not uniform." regarding the SP 500 and NDX March Futures chart.
Could anyone give some hints as to what this means? txvm
OK, if they do run out of product, won't they just pay off with FRN's ?
If I'm standing in line for around a million Toz.s in order to manufacture solar arrays, FRNs are NOT an acceptable substitute. I'm gonna pitch a fit, and the whole World is gonna hear about it -- hard to run a Ponzi when the public KNOWS what you're doing.
price action in silver is extremely bullish right now... close above 34 will create a vacuum up to 40 -- its matter of time.
"They" do the same with the bank stocks. AH a few hundred thousand sahres are bought to ensure the banks clsoe green.
BOOYAAH!!!!!!!!!!!!!!!!!!!!!!!!!
"May I have this Ponzi with you?"
Silver @ $33.88 now. Manipulation fail.
They are stomping the guts out at it hitting and going over $34.00...........
20 and 50 week moving averages have been big support levels.
But, it is so far away from those lines.
If silver will keep rising, it should not correct at all at this moment.
Otherwise it could have some correction.
http://chart.ly/tuv9le9
CNBC had a good segment on silver tonight http://www.cnbc.com/id/15840232?video=1823087998&play=1
http://www.shtfplan.com/precious-metals/insider-report-us-government-will-confiscate-gold-when-it-touches-2000_02182011
Don't know the veracity of this(would not doubt it), but for those that have not read this, maybe worth your time.
Piffle! The Govt has yet to win the "War on Drug Prohibition", what's one more black market?
It didn't work in the 1930s and it's even less likely to work if they try it again.
Clearly silver has room to run. The COMEX is going to avert a crisis in March it seems but more and more longs are rolling over and kicking the can down the road - kind of like QE2 propping the markets up. At some point the game comes to an end.
A good way to profit from the rise in gold and silver is to buy the miners. SLW is a good play but the real returns are coming from the Jr. Miners and emerging producers. How many of you owned Great Panther (GPL) before it was listed on the AMEX earlier this month? There are many stocks like this one that are going to be listed on AMEX soon from the pink sheets - Revett is another example that should be listed within weeks.
With institutional money and more investors willing to invest on a major exchange vs the OTC market you can bet where these are going.
I am covering my day to day portfolio in this sector at www.mattjohnsontrading.com where I show everything.
big positions were rolled over... concentrated shorts finding the room to roll by putting bernanke's easy money into margin... those who are seeking jpm to go under via silver position are nothing more than naive sheeple...
The three anagrams for your name:
Junk Ort
Junk Tor
Junk Rot
Today is first notice day for March COMEX Silver futures which is the start of "will they or won't they", default that is.
Many veteran metals players are not expecting default in this series. In nearly ALL past expiration cycles, Silver has been smacked over the head going into expiration and the specs fled like scared rabbits. "They" (the cabal) tried last week after the close on Thursday to get another waterfall collapse started, the collapse reversed just as quickly as it started. The powers that be were stuffed which makes you think something is very different now.
We have heard stories of contract owners being "bribed" with 25% premiums to let their contracts go into paper settlement and forego the physical off take. I have no proof of this happening but it would not shock me enough to wake me from a shallow nap. We also have been watching the inventory levels move up and down with a long term downward bias. Are the inventories real? Who knows? I haven't bothered to check but I would like to know the actual audit process and who does it.
In reality it really doesn't matter unless you are day trading and have margin that can force you out of the position.
Whether the default is now, May, July or whatever does not matter, what does matter is that you KNOW it is coming. As long as you KNOW it is coming and WHY it mathematically has to come, the "when" doesn't matter as long as you are positioned correctly and cannot be forced out.
This is where we are now, you MUST be positioned in the physical AND the PM shares to take advantage of an obvious situation that even a child can understand.
"They" did it to themselves by over selling paper obligations with no hope of delivering even 10%.
It finally looks like the paper shorts are receiving their own paper "Waterloo" with this expiration. The actual default may be postponed but it smells like it is arriving!
"How is it possible that there is no money on the streets while the Fed creates $ Trillions?"
Think about it, money "on the street" is actually scarce and the masses are being squeezed while money is actually overabundant.
Dollars have been concentrated into a bankrupt banking system to save the day. It is quite a dichotomy, interest rates are down and the U.S. Treasury and banking system has been given a blank check issued by the Fed while at the same time Joe Sixpack has to decide whether to buy rice or pasta to feed his children.
Another way to look at this is that Dollars are very plentiful and are thrown around by government and institutions like they have no value at all while the average person scrimps and scrapes to attain scarce and very valuable Dollars just to survive another day. History will look back on the current time frame and ask how it was possible for this grand lie to last as long as it has since it is (and has been for quite some time now) so obvious that the system is untenable, unstable and bankrupt.
Some little boy in the crowd will point his finger and tell it like it is, The King is buckassed naked!
via www.lemetropolecafe.com
The other side of the trade.
One manager was out to say "short precious metals"
http://www.cnbc.com/id/15840232/?video=1783718443&play=1