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Is 4th Time The Charm For Today's Slam-Silver-Surge-Stocks Algo?
Silver just got monkey-hammered below $18 - on no news catalyst - as for the 4th time today, it appears the triangle of doom between precious metals, USDJPY, and US equities is initiated to ensure Greek fears do not harm wealth creation... Today's weapon of choice in the levitation is "most shorted" stocks - which have been squeezed up over 1% since the open, dragging the indices higher with them...
Silver slammed...
4th time the charm?
as "Most shorted" gets the nut-squeeze treatment...
Charts: Bloomberg
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Can't allow any confirmation of the forthcoming RUD show up on traders screens.
<"Down goes Silver, down goes Silver." - Howard Cosell>
since when do we need a news catalyst?
i figured it was because it was monday... or tuesday... or wednes.......... etc etc
Politicians and bankers rigging the markets to manage perspective and prevent people from taking logical actions, news at 11.
All those in favor of precious metals on sale say, "aye."
IBM to layoff 26% of US employees.
http://www.bidnessetc.com/33231-international-business-machines-corp-ibm...
Silver is getting slammed like Ben Finkenbinder's backdoor at an Obama 'golf' outing.
It's down like a quarter, SMH. It will finish above $18.10.
COMEX option expiry tomorrow: http://www.cmegroup.com/trading/metals/precious/silver_product_calendar_...
Just wait until selling becomes illegal.
Golly gee whiz, does this mean I won't have to wait three weeks to get my shiny?
Hit resistance at 200 day moving average. $18.5. Next overhead is just under $19/oz., 50 week MA.
Just makes it easier to accumulate the only real money besides ammo
I'm getting ready for another killer 2015 after cleaning up in 2014. Let the carnage begin.
Sickening to watch these past 4 years.
The sickening part is this is nothin' but paper that was printed by the banks out of thin air for use to manipulate market prices. It was the Wealth Watchman that first pointed out that raids like this the paper-to-physical many times exceeds 200,000:1. In case you didn't get that number its two-hundred-thousand ounces of paper for every one oz of real metal being sold during the raid.
To put that in perspective, if these were houses, they just sold an entire city of homes where the population would be around 400,000 to 500,000 which is about the size of a Tucson, AZ or Longbeach, CA. However, actually only one home was sold and it was occupied by 2 people. This is beyond incredible and has entered the land of the psychotic.
Only if you bought high!
The name of the game is purchasing power. Plain and simple, that's all there is to it.
and there u have it...
not a care as to how obvious they r...
thanks for the sale u fucking banker cocksucker mother fuckers...
thats why i waited for the Greek outcome...
more Silver will be bought.
DEATH TO THE MONEYCHANGERS.
well said. love your posts, dont stop !!!
thanks...
hang in there.
Its still a highly leveraged, fraudulent paper market folks, no surprises here...
And according to said highly leveraged, fraudulent paper market a retrace to $17.19 or so would represent a healthy 38.2% retracement.
The run since November has been powerful and it's just time to let the charts catch up. The volume traded in Au and Ag since mid-November is a clear indication that plenty of people have been watching the metals to time purchases, and they've decided the time is now.
Recent events have only generated additional buying and a few knock-downs won't be enough to convince people that staying in fiat to risk NIRP, currency devaluation and bail-ins is a better alternative.
It's also been interesting to watch the battle at £12. Today Ag lost that level. Seems significant given price action over the last two weeks or so.
Edit: Seems the price in GBP is important given the "L" in LBMA.
It must be corelated with the amount of air in the NFL footballs...they are deflated too...
Let them short silver all they want. Remember the day everybody woke up to the great unwinding of the CHF short?
It feels better when Silver is green +5% but any day to day moves are insignificant given what we all hold our stacks for - INSURANCE.
You could see this one coming with the opening of spot market trading last night. AU and AG should have popped higher at 6PM EST but traded basically flat most of the night.
The more dire the situation, they harder they have to pound down on the PM's to keep the price action in check. Actually, they are just giving us more time to stack up at discounted prices. Thank you JPM for "buying" me extra time to grow my stacks you fucks.
Short silver long copper is the chart to look at.
The bankers are giving the Greeks a break on silver for their new silver Dracma coins.
So, you advise taking the bankster's refinancing loan, buying a shitload of silver, repudiating the loan (Jubilee!) and minting a new Real Drachma from silver rather than copper-nickel, is that it ???
Might work.
Now, whose picture should be on the coin ?
Algo weapon of choice aside (metal vs. energy vs. currencies, etc.), IMO what we’re seeing today is, perhaps due to smaller trading firms boarding up for the storm, a case in which those trading from longer term charts, daily bars, often well-capitalized primary dealers, have overpowered those trading mid-term (hourly, 15m); thus, we saw SPY and IWM roughly come back to touch the key 20 DMAs, then absolutely rocket forward, making a mockery of Mr. Wilder’s normally reliable DMI to completely traverse shorter-term volatility envelopes like a shooting star. ‘Twas a planned ambush, absolutely, abetted by a VIX/RVX slam-o-rama.
If I’m correct, look for the evil hexadecimal bastards to challenge 2015 highs on the aforementioned indices, but if they close early and we roll over, afternoon plunges are not out of the question. Looks like an odd day, in any case …
Per COTS report there is an all time record high of silver shorts. Fundermentals gots nuttin' to do with it.
Same old shit diff day.
Most silver miners are unchanged.
The day silver is "de-pegged" will be epic.
It got monkey-hammered because there was no news. No news is good news. Goddamnit, I just bought a shit ton of gold today.
ZH : Are you sur POMO are over ?
I doubt with these everyday ramp again now
NO guys, clearly it's the snowstorm in NYC.
I don't always sell tons of paper gold, but when I do I wait for a vote that could tear the EU apart -- and for an FOMC meeting.
--The most interesting Gold Crushing Cartel Man in the World
It took over 850,000 contracts algoed back and forth in 20 minutes to beat silver down 25 cents.
If this were phyzz it would amount to 4.2 years' production. In 20 minutes. Because it might snow?
Have they no shame at all? When do the muppets turn on the muppetteers?
Stay tuned.
thanks for the numbers.
Shame? What's that?
An affliction known only among gentlemen, apparently.
I set the chart for 'weeks' and the volume traded since last October is incredible, it's astronomical. There is a silver shark circling the squid. He makes Jaws look like a sick guppy. He's a hungry bastard, I hope I'm watching when he tears them to pieces.
^ This
It blows my mind. What is the fair market price of silver?
I buy silver at these prices to make bullets to kill the vampire (Squid) one day. They look cool in the nickel plated Federal brass.
Hi ho Silver Away!
@ Explosivo- If the drive bys and beatdowns of the last 3+ years had never happened? That is not possible to calculate.
A good guess might be a GSR of 32/1 with gold at about 3000, so...
The Survey SAID- $94
Yeah, that would feel right.
That seems rather low with Citi dropping $300 trillion in derivatives on the state's balance sheet.
Deflation is Kryptonite for the Central Bank Supermen...
getting bolder and more desperate everyday. don't even attempt to hide the fact they"re giving the PM Market a fucking.