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80% Chance Of 40% Silver Short Squeeze
In the last 20 years, Silver shorts (in Silver futures, based on the Commitment of Traders data) has only been as high as it is currently for five periods. Four of those five periods were followed by considerable rallies in silver prices. The one period where prices flatlined (fell modestly) was a slow and steady rise in shorts (as opposed to the spike-like move currently). Of course, with near record amounts on the short side of the boat, it would seem clear where Silver should go next but this time is different we will be told.
- Jul 1997: +70% rise over 29 weeks,
- Nov 2000: -13.5% in 53 weeks,
- Oct 2002: +13.2% in 12 weeks,
- Apr 2003 +19% in 24 weeks,
- Aug 2005 +114% in 37 weeks,
Average +40.5%
Chart: Bloomberg
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I swapped a small amount of gold for silver last month. At the rate of 1/60. When the rate is favorable i may swap back, or maybe for ammo, or a gun, or something else physical. But I never swap ANYTHING physical for paper, that stuff is too easy to come by.
"It's a crappy time to swap gold for silver mind you."
Any GSR over 57.5 is hardly "crappy".
Not saying it can't rise, to say, about 59, though.
Switching back when it drops to 52 nets you a pretty good profit even after deducting commissions.
Krugs to 10 oz bars and back can work out pretty well, YMMV.
maybe more people playing the game now>?
absolute values no matter as much as Short as percent of open interest.
Since Cyprus the price of Bitcoins has doubled and doubled again. Yet PMs just sit there. If there was a flight to safety one would expect PMs to rise. But if someone is shorting the shit out of them (6000 contracts to 30000) that would explain it.
Simple to explain..........America, and the rest of the world is populated largely by morons.
Yea. Like almost half the population has below average IQ's.
banksters are buying tons of bitcoins, getting ready to dump a shit load onto the market to crash it. any stacker should be ashamed for getting envolved with such a scheme, ZH readers should know beter. greed and fear!
I would suspect confiscation risk is at play: if gold or silver can be lifted off a person as easily as paper cash, if one can’t do electronic transfers any further to places like bullionvault or goldmoney, then one may consider bitcoins. I wouldn’t but desperate times call for desperate measures. Cyprus is an island, boats seem in abundance for escaping with some excess ballast that may have 19.32 g/cm cubed density but what do I know :D
Sold most of my silver a while ago into the run-ups in silver prices, however, once Obama got re-elected and Congress kicked the Sequestor down the road, I've been buying every chance I get, and I'm thankful for the sale prices. A stronger dollar is only a temporary thing, as even the ending of QE (if it ever happens) will only serve to make the world recognize that the Fed has no exit strategy and recognize that the US will have trillion dollar deficits for many years to come.
If the Fed can secretly pump trillions to banks in Europe/US as they did in the crash, what's to stop them from pumping money to the PM shorts?
You start arguing with a fool pretty soon you start sounding foolish too. Krugmanites are getting a lot of rope, that's all.
the real short squeeze will happen, when trillions of dollars, yens. euros. pounds start to go belly up. till then it is just a same old game, up and down as much as it suits the big players.
Squeeze my bullion, till the juice runs down my leg...
Squeeze my bullion, till I fall right outta bed....
SILVER COT reports
https://docs.google.com/file/d/0B16Nxp5pgJBzU1RVWld2SzNJQWM/edit?usp=sharing
www.CommitmentsOfTradersAnalytics.com
Don't feed the trolls, Krugman and MDB.
Dr Krugman is 100% Correct...............
It's recovery summer 4 afterall, Right "Doc"??????
How can anyone argue with four recovery summers in a row?
Why would anyone (besides those people who make a living off "analyzing manipulated garbage") spends 2 seconds looking at COMEX data is beyond me. It's all fraud. The man behind the curtain only lets you see what he wants, not what you want.
THIS INFO IS NOT ACCURATE. COMMERCIAL SHORTS ARE WAY DOWN AND IN THE AREA OF MAY 2012 WHEN A RALLY DID BEGIN
SO CONCLUSION MAY BE THE SAME BUT LOOK AT THE COT FOR THIS WEEK
COMMERCIALS ARE NET SHORT ABOUT 18,500 CONTRACTS (SHORTS MINUS LONGS)
IN DEC 2012 THEY HIT ABOUT 60,000 NET SHORTS
Supress it for another 6 months Blythe!
Whatever you do don't talk about your boating accidents on Facebook or Twitter... The IRS will be gathering information for an audit.
http://wap.myfoxdc.com/w/main/story/88834779/
Hmm. No, those sites/services would be the perfect place to broadcast your unfortunate boating accident where all the hard assets were lost but never manifested for any given reason, just not mobile. I have never heard of a golden retriever eating $500 though either before today and the fecal matter being sent to the US Treasury.
OK the only thing I would like more than a rally in silver would be to meet this girl in the Roman Orgy ad.
I'm waiting until my BitCoin reaches $796,000 per coin before I move into silver - before the end of the year.
Everytime I give the guy at the coin shop paper money and he gives me Silver Eagles I always feel bad like he's getting ripped off...
Don't because there is always someone willing to sell the coin shop PM's for monopoly money. The dealers get a way better deal when buying back.
Yeah, it's called premium and that is the real market price. It ain't $27x my friends.
Wasnt there an article like this on gold 12mo ago? You can see how well that worked out. /sarc
Weren't there predictions by Keynesian court economists (sic) in the late 1960s that, absent the Bretton Woods "support" for the gold price of $35 an ounce, gold would crash to less than $10 an ounce?
DPK's trolling ability is legendary. Don't feed the trolls.
"He who knows nothing is closer to the truth than he whose mind is filled with falsehoods and errors." - Thomas Jefferson
It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so. -- Mark Twain
I think Dr Paul Krugman is Max Fischer. Did Max get banned? I got "access denied" when I tried to pull him up.
Thanks Krugman! That is the most bearish discussion board on silver I've ever seen at zerohedge. The bears are bold at the moment, sounds like a good contrarian indicator.
http://silverdoctors.com/us-mint-sells-nearly-1-million-silver-eagles-mo...
Folks, read Mr. Krugman's comments.
If this is the real Mr. Krugman, isn't it kind of pathetic? Why would a Princeton economist and Nobel Prize winner spend any time at all at what he believes to be a second rate, conspiracy minded website full of nobodies who are hoarding silver and bullets in their grandmas' basements?
He would only do that if he knew that the shit was getting real and we are on to something. Even if he fashions himself to be a modern day Keynesian knight battling the illiterate Austrian hordes, he must be really desperate for attention to come here.
Well the first thing I think of is that it doesn't say much for Princeton economics department.
No silver shortage at ScotiaMocatta in Calgary.Walked up to the counter last week and picked up another Kilo Bar.They have an online store as well but it's not connected to the main branch.No problem either at Diverse Equities in Calgary.Buy as much as you want.Maybe there's more shortage in the States because the U.S. Mint is now importing silver from Canada in order to keep up with demand.I'm wondering if exports of precious metals from Canada would come under capital controls somehow depending on world events?
What happened to the Silver Bears. They explain things so well.
GOOD CALL..."dolph9"
just tune out the noise
I have a very brief silver dimes report here. I saw some recent screen names that would know that I was into this personal mission of acquiring silver dimes of late. Let's make it simple. I am not getting what I bargained for from more than one company.(one numismatic) Notice is given.
Edit: Let's just say that I was able to sell some silver dimes for only slightly more than I bought them for. Two people are new to owning silver dimes(expanded market), if not rounds.
The arguments for and against silver can only be validated by the passage of time. Extended time becomes history and history so far is on the side of silver in terms of keeping value compared to its paper competitors.