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Schizophrenic Silver Slammed On Surging Volume
What a difference 24 hours makes. Yesterday, ECB rumors sparked precious metal buying on heavy volume. Today, more denials of ECB corporate bond buying combined with a slightly-hotter-than-expected inflation print (i.e. lower odds of Fed unleashing QE4) has sent silver (and gold) tumbling... on very heavy volume...
Silver volatility getting extreme...
The vol in Gold is just as wild...
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Because ISIS is attacking the US Embassy in Baghdad. Duh.
rumour is there is asteroid coming full of silver ... get cover
Come on....just a little more.
i like the title "schizophrenic" ... of course its fault ... who else could it be?
More inflation means less inflation.
This your world, and it's ending one day at a time.
The green boxes are still in the green.
“on very heavy volume”..
Heavy volume?
So tell me.. what is the weight of an electron?
This is Fight Club...hit me.
On the other side Silver's industrial demand will be depressed going forward.
So, I sold PSLV to get some SRTY a few weeks ago. I'm into Silver thru CEF only now.
Once the index short pays off then its back to Silver at the lows and Silver Surf it back up baby !
Always hold the physical and never sell it. Monster logic.
silver is obviously a BIG problema for them.........they are in a jam.....hold tight girls.......hope they push it to 12....will load massive
Other ZH headines tie the puzzle together. India Gold Demand Surges 450% and Bank of Russia Demand At 15 Year High
Use paper to manipulate the price and make the clueless think it is an unappealing "investment".
Of course I haven't held physical since that day I had to decide whether to save my PM and guns or my iPhone during that unfortunate boating accident. Luckily I chose the iPhone so I can still play angry birds.
SHENANIGANS !!!!!!!!
I CALL SHENANIGANS !!!!!
we now return to our regularly scheduled program
your call could not be completed as dialed.
I doubt we could really get it for 12 even if that's what the "market" says the price is.
And just who do you think is going to part with it at 12?
Well, I for one am glad that things are fixed now. Sunny days are here again, folks! Let's all hold hands and sing...Kum-bay-yaaaa my Loooooorrrrdddd...
The invariant mass of an electron is approximately 9.109×10-31 kilograms, or 5.489×10-4 atomic mass units. ;-)
Don't be silly. Why mine an asteroid when the Ocean is ripe for the pickin'.....
Hope the asteriod lands in my back yard.
More paper bullshit. An ounce is an ounce is an ounce...
(even when it's on the bottom of a lake)
What you gonna change yours back into? A ham sandwich?
"Alchemy" is turning things like paper into gold. Turning things into a sandwich is "cuisine".
maybe a bounty on your head.
Eureka.
Barf it up, boyz. Interesting this *isn't* being mirrored in Au...
Because I just bought some on friday.
Buy moar, it's cheap. If you liked it at $18, you'll love it at $If you liked it at $17
Tumbling? Gold down 0.5% is tumbling? Really? Down 10% would be tumbling ... this seems more like some ALGO profit taking.
0.5% is a tumble in ZeroHedge land. A 0.25% drop is called a collapse.
I believe the article was primarily referencing silver which is down over 2%. If the DOW was down 2% (over $300) the MSM would be all over it like flies on shit.
Gold Gone Wild...... Sounds like a good video series.
We need a Gold middle-Finger ! heh.
I'm saving up my money to buy a shitload on newyear when it's smacked down to 15!
Yup. Save the dry powder for year end. Can't have PMs looking like they actually did well in 2014
You two are assuming that it will be available and that there will be sellers. Good luck with that.
So does that mean you are assuming TEOTWAWKI before then? I'll take that bet. People like Harvey O are more likely to be wrong.
Tax returns, bitches. They can slam it is low as they want. My timeline is long, I don't care what the price does in the immediate future, the lower the better.
Where do you buy with decent premiums and no VAT in Europe?
I hardly see the low prices in silver translating to retail.
http://www.thesilverhouse.be
http://www.gold-dreams.de
But you're right, prices didn't move these last few weeks.
Especially with numismatics... (Morgans, Peace, et al)...
numis coins are going crazy actually. Peace dollars sell for 30 dollars and Morgans for 40 dollars.
And the rest all trade like when the silver price was at 38$ a ounce.
The reason is clear, they're taxfree and fall under the "collectors act".
These guys claim to be able to supply VAT free silver in EU.
https://www.libertysilver.ee/en/
Have not tried them myself.
Simple, it's a complete fraud system.
They "sell" you silver which you'll never see in a deposit vault at the airports... The taxfree zones...
Yeah...
Don't belive in crap like that.
Try using celticgold.eu they do not charge vat but do charge a handling fee.
And off course all my silver gets lost in boating accidents. I actually dohave a boat that's does leak..short trips only!
Paper AU pushers at work. Meanwhile Asia keeps buying with both hands
http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=257322&s...
Makes sense to me, pay attention to ECB rumors, ignore China, Russia, India facts. /sarc
And now the blow back....thanks Dems!
Minimum Wage Backfire - WSJ - WSJ
Darn.....dang......shucks.
Does anyone have any good news today? Just give me some Koolaid at least.
Funny, so many backfires sound like a machine gun.
Silver is mercurial ! Luv those 90%, rounds, ounces, bars...but get Physical ! Silver is change you will need later when there is little hope.
Since when is an opinion piece news? \and a graspy one at that?
Ohh I know. If people quit buying leather pants we will have cheaper hamburgers! Thanks Obama for encouraging leather pant fashion.
See,I can write crappy opinion pieces too!
China thanks sellers; cheap physical bullion ....
me chinese, me pway joke, me take all the bullion from you dopes
Don't forget that gold an silver aren't money so none of this matters. Edward Quince told me so himself.
Ancient econ-101: Monetary Triangle
U-Unit of account
W - store of Wealth
M - Medium of Exchange
Curreny, Money, ... whatever does all three.
Mark Levinson...? Wonderful equipment.
New silver fixing scheme seems to be quite effective at fixing the manipulation./s
Nah, the limp-wristed fags running the scheme can't even get a decent sell-off going. Plus they seem not to know how to dump futures contracts into the Asian market while North America is sleeping. I'd fire all of these fucking losers and put some REAL manipulators back to work. At this rate it will be years before the price hits zero.
Justification for moving lower to steal money from the investor!!
The only way the investor loses money is if he SELLS into the decline. If he doesn't, he has some 'paper losses', but if he's holding physical, he still has his silver.
What that investor SHOULD do is BUY at these beaten-down prices, and steal the asset from the fools!
Ron Kirby: Interesting view especially @ 25 min in.
Thanks.
Dig faster silver miners! You too, gold miners! It's the only way you'll be able to salvage some value! You only have so many ozs in the ground, better sell them AS FAST AS YOU CAN before they're worth nothing! Better to take a big loss now than a bigger loss later! Oh, and don't forget to blow your banker on your way to the mines!
In other (I'm sure completely unrelated) news, Bunker Hunt died.
http://www.dallasnews.com/obituary-headlines/20141021-nelson-bunker-hunt...
Hunt boys could have cornered silver. Used too much margin and got screwed.
I like the way they think though.
Deflation.
Gotta sell something to pay the bills.
In dollars.
More coming.
wash rinse, repeat until SGE reprice PM overnight!
Only 2 more QE shopping days left.
EXACTLY
I'm tired of the takedowns. ..... up for days, weeks and months can just disappear in minutes......im sick of it !!!.....but perhaps that's what they are trying to accomplish ???
Should i buy Silver Wheaton? Looks quite knocked down, and how low can Silver go? Famous last question.
Selling the truth for the lie.
It actually makes sense to me that what they call the "silver price" (paper silver hypothecated 70-100x) should be dropping, since the credit behind it is steadily weakening. Harvey O. thinks that this credit will blow up completely, this year. (My thought is 1Q15.). Too bad price discovery of physical silver awaits either Shanghai market growth or that explosion. But you won't have to think too long and hard to find the best credit-isolation trade, just be sure to read the fine print...
Ag annual mine production is around 25k tons but yes there has been a supply deficit over the past ten years according to the silver institute.
https://www.silverinstitute.org/site/supply-demand/
Question is: Where has the physical Ag come from to meet that deficit all those years? China? Where else? How will it be met in the future? Economic collapse means much lower industrial demand so a supply surplus? Important questions for physical silver investors and I am one of them
Lower industrial activity means lower copper demand means lower copper production. Most silver is produced as a by product, primarily a by product of copper production. So you have an offsetting supply reduction.
Sure. And how quickly will copper production slow down after a market crash? I would guess that a crash would cause an immediate drop in price but not an immediate slow down in production thereby generating a surplus of copper and silver leading to a temporary glut of both.
Their HFT thievery and paper shenanigans have only moved the metal from weak hands to the iron grip of the true believers. They now turn up the heat, to no avail.
BUY BUY BUY TFD.
edit: BTW, silver isn't schizo, its just driving the tribe crazy.
Please offload MOAR paper, I like silver at $12 please.
Twats.
Gold bugs wrong again!
GSR at 72+
How wide can she go? 75?
80? Might have to dredge the pond for lost gold to convert to AG
seems like $18 and change is about as low as they go on generic silver rounds regardless of bazarro world price.
http://www.comparegoldandsilverprices.com/compare-silver-coin-prices/
triplicate
dupe
"We'll send you a gram of pure silver to show you how confident we are..."