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Why? Just because...and note this plunge began before the data hit this morning on heavy volume.
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"Markets"
Don't worry it will all work out in the end.
NOSTRADAMUS: Century 8, Quatrain 28
The copies of gold & silver inflated,
which after the theft were thrown into the lake
at the discovery that all is exhausted & dissipated by debt.
All scrips and bonds will be wiped out.
http://www.nostradamusquatrains.com/Century8/Quatrain28.htm
Interesting. I have one of my own:
"And so it was written by all signs and portents
Janet Yellen is a seeping boil on the ass of a cancerous rodent who deserves to be eaten by Komodo Dragons and then crapped off a cliff."
Er, something like that. Nostra-dumb-ass.
Indeed! And in the meantime, the "Markets" have to assimmilate a Record number of Naked Short Contracts by the Commercials. So, unfortunately, as I predicted several weeks ago, and was positioned to profit from, expect a major downside move in PM's to at least the low end of the respective ranges.
You left out Platunum Punished, Copper Choked, Gold Gang-Raped, etc..
Well, we know the spike the other day was a BS head-fake at this point.
Live Silver Price: http://www.pmbull.com/silver-price/
Not worried. Um... we are in a "bottoming process," LOL.
What other silly Wall Street sell-side language can we use to describe the current silver situation?
Does today's selloff stick or bounce? There are an awful lot of naked shorts to be covered. Current action looks more technical in nature. Price turend at a magic line or squiggle on the chart.
Shorts will be covered when price is dropping, not rising.
And tomoorow's BLSBS will provide another pretext to sell down the PM's further, irrespective of the "Data". Don't get me wrong, I'm a stacker, but The Commercials, as of now, still OWN the paper PM markets and they are about to commence another Wash/Rinse cycle. I trade with them and stack at the bottom of their cycles.
good use of Alliteration
We don't need no stinking silver. Or oil.
Marketpulation
All I know for certain is that teh first few five minute emini candles will all be green...because no matter how low stawk futures opwn they must be bought at the open.
Gold and silver? The exact opposite.
Because, you know, ""markets"" and, such as.
Oh look, massive, indiscriminate emini buying in these opening minutes...who TF could that be, everyone wonders?
M-a-n-i-p-u-l-a-t-i-o-n...........................say it again................m-a-n-i-p-u-l-a-t-i-o--n
I was trying to sing that to the Mickey Mouse theme song Renov, allllmost
Hmmmmm. Might be time to cash out that Roth and back up the Pinto......
Commodities are the new Baby Seals.
the lower it go the closer the collapse is
Good for buyers.
Who'd a thunk it?
all u needed to see was this weeks calender to know that today or friday would be the right days to buy the physical...
fucking MoneyChangers r so predictable...
DEATH TO THE MONEYCHANGERS........
Why?
Why not?
$0.25 isn't exactly a shellacking.
No. But day after day after day it is.
Very funny how the three of us took the one word and tweeked it just a little.........
silver to 4
Go for it Hairy
Go for it Hairy
I took out two loans against my car and am buying stocks! This time the bubble won't pop
Eagerly awaiting the Lawn Mower Equity Loan at my local credit union.
"Put your Toro to work!"
How much collateral for my 3 yar old? I'd love to stock 'option' it up.
Eagerly awaiting the Sphincter Equity Loan at my local credit union.
"Put your anal virginity to work!"
Soon everything you can touch will be available as collateral.
There is a generation of young bond traders at banks & insurance companies & pensions that think they are gifted. #RiskFree #ThisIsEasy
So this is why JPM acquired millions of ozs of silver recently?
http://www.zerohedge.com/news/2015-05-01/jp-morgan-cornering-silver-bull...
And they (JPM) need MOAR
hense price drop
Price of headjobs in Japan has dropped to $16 ... true story.
Thanks ZH, my next holdiday...Japan
@Kina
Mouth to head radiation...........................is all I will say!
Kaitlyn Jenner will do a BJ for $1600
Markshits
Somebody threw their toys out the pram following that complaint to the CFTC by First Majestic about price manipulation
The corruption will continue until, it doesn't matter anymore.
In the meantime probably some bargain basement miners around, if you are willing to hold, and they have little debt and low production costs.
To me if they drop it that much..its because they want to buy more....a good sign....
My grandma who lived through the great depression once told me not to bother with a stamp collection. But she had no problem with me creating a coin collection.
Keep buying tick tick tick
https://www.tradingview.com/x/FcJYl5dm/
Meh. This is their finishing move so they can go long. Big dump at the end of a downtrend in metals, blowing stops for a trading bottom. Big dump after a ramp, bankers breaking a trend to stop a rally, and wait for the hourly double top before joining them.
Fuck silver. It's only good for killing werewolfs and vampires. How many people really have to travel to Wall Street?
This is the danger of the crimianl Dimon having so much Silver.
It's the same when they tell us there is no inflation... sure, plane tickets did not go up, for example...you just don't get food, pay extra for luggage, check in yourself, etc.
Inflation is when you get less for your money, not only when prices go up but don't expect CNBC to tell you that.
Usually agree with you Tylers, but in this case I think you've got the manipulation backwards. The real manipulation was on Monday, and oil futures are merely settling back into the falling channel they've been in for the past month.
As most of us see on a daily basis, oil futures have consistently been ramped higher in order to fuel stock algos, particularly when the more influential yen carry trade is faltering.
Consider the CL ramp job a backup for the normally very reliable USDJPY ramp job. And, it makes sense because CL and DX are strongly inversely correlated. Falling USDJPY means a weakening USD which means a stronger CL which..tada...means stocks rally.
In other words, thanks to the advent of the CL-fueled algos, it's become very difficult for the "markets" to decline at all unless there's a headline-grabbing fundamental development that somehow gets bears off their asses and motivates buy-and-hold types to trim back.
You can see CL break out of its month-old falling channel Monday night in order to arrest plunging e-minis -- which were off 23 points from Monday's highs. The resulting 2-day rally in the e-minis was 26 points.
Last night, CL merely rejoined the falling channel it had broken out of. The failed breakout -- needless to say -- is not helping stocks. You can see the CL v ES chart here:
http://pebblewriter.com/unintended-consequences/
OPEC
coupled with
DOLLAR rise(resumption of trend)
-short energy
-Buy moar metals
Son of a bitch. Just after having bought silver on a price drop last week, and there it goes again. This is the second consecutive time I have been burned on a double down dip.
Shame on me. yes, I already know about the fool me twice thing.
Oil is still $58 which is easily $20 too high thanks to the algos trying to ignite whatever they are trying to ignite. I don;t think anyone really has a clue what the fuck is going on. Skynet has taken over.
The market goes up or down based on some computer algorithm nobody has any control over.
It's like watching two computer controlled teams playing Madden Football. ESPN runs Super Bowl matchups using the game and tries to apply what happened in a computer simulation to what will happen in the real world. IT'S FUCKING INSANE.
I can't always "buy" much, but I refuse to let a monkey-hammer go "by" without me making a "buy"!
The jelly donut market is down too.
OIL
http://www.globaldeflationnews.com/oil-light-sweet-crudeelliott-wave-upd...
Gold
http://www.globaldeflationnews.com/gold-elliott-wave-update-for-week-end...
Just a covering of a pile of shorts. Thanks for the discount, just loaded up another 40 oz's
Yesterday:
Silver SlammedOne Of The World's Largest Silver Miners Slams The CFTC About Silver Market Manipulation
Today:
Seems legit?
Understand:
1. Peak debt that cannot undergird these papers. Movements downs are not linear. It amplify (i.e concave),
2. Algos dancing to music scores. At some intervals, the scores change.
3. No more market price discovery. Just the spins and/or enforcements of the Bureaucrats. (they do not know what they are doing and not very interested in YOU).
Just 3 guideposts. You may also add that the game goes on as there is still a large pop of retards that buy poisons as perfumes. (Poisons are to be traded and not used).
Dawn of individual hope is to see rats in granaries.