[Baromaro]

It's a weird thing, when silver goes way down I always buy more, I know the fundamentals and am steadfast, but everyone looks at you (in personal life) like "are you sure you know what you're doing, silver was just at 50 like last week". When silver goes up I honestly hardly ever buy since I can count on the CME to bring it down, probably not the best strategy but whatever, it has worked so far. So I'm stuck in a weird place, when it goes up I'm happy that I don't have to reassure people I have talked to about PM's, but sad that these FRN's don't go as far.

Hard to please I guess

[ebonytipchik]

[icedrakona]

Magnes, that post may as well have been in another language! lol. I don't know about any of that stuff.

NordicBerzerker, Those are the same principals I buy under too. I buy physical on dips, with the intent to sell someday on a high, but I can't bring myself to sell in real life...

GunDriller, is that quote from Eric King, or one of his guests?

[johnuioyer]

GunDriller, is that quote from Eric King, or one of his guests?

"With gold and silver surging higher, today King World News interviewed 40 year veteran, Robert Fitzwilson. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the Unites States. He told King World News the silver shorts are being completely overrun. Fitzwilson also said silver was one of the most undervalued assets in the world. He also discussed gold, panic in velocity of money and much more."

[icedrakona]

Thanks. Wanted to be accurate becuase it's my new sig.

[werkeeque]

GSR @ 48.

for those who were thinking about trading silver for gold, a few more weeks like this and the ratio will be back in the 30's.

I certainly hope so. I did quite well last April doing a large trade at 34 to 1. Had I waited two more days I would have done even better but better to be two days early than a day too late I guess.

[johnuioyer]

I certainly hope so. I did quite well last April doing a large trade at 34 to 1. Had I waited two more days I would have done even better but better to be two days early than a day too late I guess.

i think a good working practice is, a long-term GSR of 30:1 is very conservative.

so if you can buy 24 ounces of silver for $1000, you're buying something that can be traded for .8 ounces of gold (all-right, except for the buy-sell spread ... close anyway.)

which is sort of like getting gold for $1250 an ounce. which is a good deal.


one assumption though - that you can hold the silver long term to make the trade. if you run short on cash and need to sell PM's to pay the bills, it blows these clever schemes out of the water.

[ViaplyVuple]

Flash Crash!

[werkeeque]

Down $1.33 in less than 5 minutes.

[illilmicy]

The shorts just got pulled up, Goldman must be happy

[Ettiominiw]

What happened to the bucky?

[Old-old-Ivy]

"With gold and silver surging higher, today King World News interviewed 40 year veteran, Robert Fitzwilson. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the Unites States. He told King World News the silver shorts are being completely overrun. Fitzwilson also said silver was one of the most undervalued assets in the world. He also discussed gold, panic in velocity of money and much more."

Silver shorts completely overrun! hehehe...

[JohnVK]

Very clever Awoke. You wanted to buy some more silver but wanted to get it a bit cheaper so you started this thread...

[Zoxeeoy]

Silver shorts completely overrun! hehehe...

Ya, a guy could go broke listening to King World News. Yesterday I was afraid of selling and missing the BIG move up, so I sold today in a panic. Turned a potential 7000 gain into a 2500 gain, not to mention I rejected the idea of buy some downside insurance.

[icedrakona]

Works every time, Last Resort...

[icedrakona]

Ya, a guy could go broke listening to King World News. Yesterday I was afraid of selling and missing the BIG move up, so I sold today in a panic. Turned a potential 7000 gain into a 2500 gain, not to mention I rejected the idea of buy some downside insurance.

I was a big supporter and listener of KWN for a while, but I found a lot of his guests were forcasting the same things over and over and over, and a lot of times they would put a time limit on it, and none of it happened.

I am thankful to KWN for his coverage of the whistle blowers (Adrian Douglas and Andrew MacGuire) and the attempts on their lives, etc, but I find a lot of the talk to be alarmist, between promoting minors/miners. (Not sure of the spelling in that context - feel free to educate me on it)

[vqIo7X2U]

I get sick of the swings. Down 1.79 and down 58.00 , I think I will stop checking the prices, it just makes me mad.

[spiveker]

I get sick of the swings. Down 1.79 and down 58.00 , I think I will stop checking the prices, it just makes me mad.

Who cares about the nominal price? Buy buy buy!

[icedrakona]

Yeah, to be honest, I won't get too excited till it's either priced in the teens or in the forties.

EDIT - I remember when I got into PMs and GIM, I was watching that kitco ticker like a hawk. At the time a had a small amount of $ invested n a Kitco Pool account, and I was selling/buying at opportunity, and increased the initial investment by something like 38% in one year.

But after I cashed out and went 100% physical, I just don;t erally look that often anymore.

[ebonytipchik]

Cartel Dumps 225 Million Ounces of Paper Silver Over 30 Minutes As Gold, Silver Raided


We reported a few minutes ago on the gold & silver raid in progress. The cartel raids have now smashed gold over $82 from $1788 to $1706, and silver close to $4 (10%!!) from $37.62 to $33.68. Also notice the classic mini-parabolic moves to the upside immediately prior to the raid- absolutely CLASSIC CARTEL ACTION!
The raid began at exactly at 10:00am EST coinciding with the Fed's release of its monetary policy statement to the House Financial Services Committee.
For those who claim these immediate waterfall gap-downs in both metals were as a result of Bernanke's dissapointment in no further QE, please realize this occurred exactly as the full report was released, and note the massive paper volume of 225 MILLION OUNCES OF PAPER SILVER OVER 30 MINUTES used to smash gold by $65 and silver by $2!:



NetDania, while a spot chart- obtains their volumes from futures volumes, and displays the smash visibly the best. BrotherJohnF just published a NetDania screen shot demonstrating a volume of over 20,000 contracts, or 225 MILLION OUNCES of paper silver sold over 30 minutes.




Lest you think this is merely another 'data glitch' by NetDania, we are working on getting an RJO futures chart posted ASAP.

As mentioned above, notice the mini-parabolic up-move in silver immediately prior to massive raid to draw in new suckers (longs) to add firepower to the smash as they are forced to puke their positions moments later as stop-losses are taken out.


And in gold:


Now we know why the cartel stepped back and allowed gold and silver to run higher through significant resistance points over the past 3 days- they have been waiting to coincide their smash with the release of the Fed's policy statement, in a weak attempt to use the Fed statement as cover for their massive raid and paper manipulation of the gold and silver market.
http://silverdoctors.blogspot.com.au...s-of.html#more