Two weeks later! <date> <net total position> (x 5000 = Moz) <spot price> 04/03/2014 39769 (198,8 Moz) $21.14 18/02/2014 32853 (164,3 Moz) $21.62 05/11/2013 25834 (129,2 Moz) $21.735 24/09/2013 19621 (98,1 Moz) $21.67 18/06/2013 5952 (29,8 Moz) $21.57 Spot price 50 cents lower. Position again 6916 higher. They didn't wait for the $30 by Easter. A 40000 Comex position is quite big. It's over a year ago that we saw it. The price was then $30. Same situation. But now at $21. What price will we now see after they cancel their contracts once again? I'm stacking euro's since the $19.5 > $22. I'll have again some ammo to take advantage of it, and lower my average again a tad.
That's what they needed, positivity. Then they sell. Then they need again negativity. To buy back in. Rinse and repeat!
Until people start calling in physical and draining supply, as happened may times in the past. Then they realise the "rinse and repeat" game only works on paper... How quick we forget. Oh wait, its different now, right?
The thing is, we see those price upspikes, that's not due to big amount stackers 'backing up the truck', but due to some %-big money for nothing club that attempts to frontrun others in buying and selling. Bad job news? QE? Debt ceiling reached? Ow! They gonna buy more silver then, lets quickly load up ahead of them. Price shoots up, and then they expect those others to pay the price they drove up, and receive less silver. At some point, another news trigger, they do the opposite, and rush back out. See, they aren't actually after silver, just after others dollars/euros. And I learnt to cease buying when they're in, because I found some ways to find out there situation (bought, sold, how much, etc.). And I share those ways, because if others also buy more carefully, having a clue about which price is ok and which is not, then more will stay in the green, the price will be more stable, people will be less greedy/panicking, and the market will gain more trust, and attract newcomers, at the expense of the fiatmarkets. Of course, that's just me, and I can only do what is within my ability/reach haha.
For a moment I thought HOUSTON WE HAVE A DOUBLE TOP! but they didn't wait to there to grab the profit.
My nose is in the air and I sniff another 5 lunar horse kilocoins! Waiting for the money for nothin' club to dump the rest! Hello $19 and maybe lower? Maybe a 6th kilocoin for the same money. Friday will give some info 'bout chance on lower.
im liking the drop in gold, I currently only have a sov(that I didn't even buy) but I want to get my feel a lil wet(ok ok there will be a little silver in the order... cant help it)
I walked in a big circle around gold. Don't hate the metal, just alot of the current big stock holders. Maybe over some decades, when they dumped most of it, but they like to control its price as to punish inflationhedgers so chance on that is low.
$20. Byebye second dollar. I saw some people calling for $24-25. Since they like to talk about a couple dollars higher than the selling price they have in mind, I sticked a couple dollars lower on it. Anyone still doubt that $22 has been the top? Any ducks to be served on a plate?
Well, I said it back then, and it's now hindsight, we were the ones spreading negativism at what has been a peak price, while others talked about higher and ducks served on plates. And guess what, those others, now at $19, talk about lower. See, some complain about manipulation, and search it at Comexes JPMorgans etc, while it actually happens right before their eyes, and they don't see it.
The third dollar sits on the verge folks. From $22 to $19. About 180 Moz sold again, of which 100 Moz was just creation and destruction of comex positions. So in real terms, 80 Moz 'physical' was sold in the bump. Abit less than a year ago we have seen $18.2 once, will this be the second time?
That couple of weeks or so run-up-head-fake to almost $22 may have been the bull trap that I spoke of in the beginning of it....or it might not be.
I wonder if there is a correlation between large downward price moves and the forum crankiness level?
