With SLV volumes at the highest in more than 5 years, 294,861,504 ounces... it makes so interesting to see where we are going..... This is no way a normal pattern as you know..... this is a major manipulation at work... but, what does it mean to the normal joe ? IMHO, it means that you should be getting your truck ready to load it up..... It should be much easier to find physical now....as many will be entering the fear phase and will unload their holdings.... Perhaps, technically you should be waiting for a bounce to start loading up but, then again PHYSICAL is a total different story then PAPER..... Remember, PAPER is being manipulated here......PHYSICAL fundamentals have not changed a bit! but, they want your metal badly.....and they are doing their thing.... Loving it..... time for hunting.... take care all ...over and out
If the silver price takedown is in direct relation to the margin rises (forcing people out) would it not seem that maybe late Monday or Tuesday would be a good time to buy after the (5th raise is it) takes effect clearing out a few more? Just my two cents but this is when I think buying will be optimal (unless they list another raise although highly unlikely with the decline of silver price) Although even if it climbs I expect it to drop (not as much) again leading up to the 20th
I bought some at 38, buying more at 34, 30, 26, 22, 18 . Am I crazy? Am I going to lose a lot of money? Well, we will see in a year or 2.
Just bought another KG. Cant afford much more. Hopefully it stays in the $30s for a few months...no rush
Yep cheaper metal just going to run physical out sooner if they let it drop below the 30's, can't see silver staying down with higher demand and QE3 coming some time soon, I think Beny's trying for deflation to push qe3.
Yea I'm not quite loading up the truck, grabbed a kg today at AEJ Modbury. There's one bar left at the Modbury branch if anyone is interested @ $1102 price good until 5pm today. I figure I'll get something now since we've just had a 30% correction. If we see the price drop below $27 I'll be buying more.
Online or in Brisbane? I am in brisbane and they seem to be going for $44 from dealers or $800 for 20 ($40 each)
Online from BB. Worked out to be $399 which included the insured postage. edit: sorry, that was for 10.
A little off topic but I was wondering whether there was any way to see the number of SLV IShares increased/decreased over the past few days? Not the price but the quantity of ounces.
Oh shit silver has started to bounce strongly. I was going to buy on Monday. Let's all hope it drops again on Monday.
well just liquidated some assets to have fiat ready for monday/tuesday who's with me on the buy fest?
TD has a new post: "OK, you can begin to see now how this is going to work. The final capitulation appears to have come this morning before the BLSBS report. We have since rallied over $3 in silver and are about to turn positive, taking back all of the losses since noon yesterday. I have a last in July silver of $36.13. Above $37, the new shorts will begin to get squeezed and older (24 hours+) shorts will begin to sense that the fun is over and lock in some profits, thereby adding to the buying pressure. If we've indeed found a bottom, silver may, by Monday, trade back UP near $38-40. In a traditional bottom, silver would then trade back DOWN toward $35 later next week. At that point we'd have the makings of a solid double bottom. THAT WILL OUR YOUR ENTRY POINT. If you're not currently long, I would advise you against buying this rally. With a potential short-term upside of $3 vs a downside of $2, its just not a tradable proposition. IF, however, the next week or so plays our as I've described above, the risk:reward will swing dramatically in our favor and we can act decisively then. More later. TF " http://tfmetalsreport.blogspot.com/
