What could he have possible said that gave an instant drop of $3? What did he offer you dip shits? Free popcorn for the coming annihilation he has prepared for you. It is so bad how some sell themselves each time one of these puppet masters makes a noise. It doesn't even have to make sense.
The federal reserve does not have a backup plan for the bankruptcy of their welfare system. For a start.......Oh the fear!
It was starting to rise to fast hope it drops a little more and I can pull the trigger on some moose coins.
Thoughts from Trader Dan http://traderdannorcini.blogspot.com.au/2012/02/bernanke-tries-talking-down-commodities.html
The silver price is the same now as it was a couple of weeks ago, and is 7 dollars higher today than it was at the beginning of January. That is not a crash.
Standard end of the month option shenanigans with a Bernanke speach thrown in. Was pretty predictable although was surprised that it fell the full US$2. malachii
Three letters - HFT ( High-Frequency Trading ) High-frequency trading (HFT) is the use of sophisticated technological tools to trade securities like stocks or options, and is typically characterized by several distinguishing features. It is highly quantitative, employing computerized algorithms to analyze incoming market data and implement proprietary trading strategies; An investment position is held only for very brief periods of time - even just seconds - and rapidly trades into and out of those positions, sometimes thousands or tens of thousands of times a day; In high-frequency trading, programs analyze market data to capture trading opportunities that may open up for only a fraction of a second to several hours. High-frequency trading (HFT) uses computer programs and sometimes specialised hardware to hold short-term positions in equities, options, futures, ETFs, currencies, and other financial instruments that possess electronic trading capability. High-frequency traders compete on a basis of speed with other high-frequency traders, not long-term investors (who typically look for opportunities over a period of weeks, months, or years), and compete with each other for very small, consistent profits. As a result, high-frequency trading has been shown to have a potential Sharpe ratio (measure of reward per unit of risk) thousands of times higher than the traditional buy-and-hold strategies. By 2010 high-frequency trading accounted for over 70% of equity trades taking place in the US and was rapidly growing in popularity in Europe and Asia. Aiming to capture just a fraction of a penny per share or currency unit on every trade, high-frequency traders move in and out of such short-term positions several times each day. Fractions of a penny accumulate fast to produce significantly positive results at the end of every day. High-frequency trading firms do not employ significant leverage, do not accumulate positions, and typically liquidate their entire portfolios on a daily basis. One financial industry source claims algorithmic trading, including high-frequency trading, substantially improves market liquidity. It remains an open question whether algorithmic trading and algorithmic liquidity supply are equally beneficial in more turbulent or declining markets...algorithmic liquidity suppliers may simply turn off their machines when markets spike downward. Algorithmic and high-frequency trading were both found to have contributed to volatility on the May 6, 2010 Flash Crash, when high-frequency liquidity providers were in fact found to have withdrawn from the market. A July, 2011 report by the International Organization of Securities Commissions (IOSCO), an international body of securities regulators, concluded that while "algorithms and HFT technology have been used by market participants to manage their trading and risk, their usage was also clearly a contributing factor in the flash crash event of May 6, 2010".
And the generally stuffed state of the world economy. The epitome of non-productive market exploitation. Purely abstract financial games sucking life from real enterprise.
Yeah thats what I thought last night when I bought half a tube at $39.50 each.Oh well just some more added to my stack.
Today legendary trader and investor Jim Sinclair told King World News that today's action was a cover-up by the Federal Reserve and the mainstream media. Sinclair also laid out for KWN readers globally the exact sequence of the cover-up and how it was orchestrated. Here is what Sinclair had to say about the shocking events that took place today: "The power behind the equity markets right now is liquidity and everybody knows it. It's not improving earnings and it's clearly not a broad globally improving economy, but rather improving liquidity." Hear the whole interview at the link below: http://kingworldnews.com/kingworldnews/Broadcast/Entries/2012/3/1_Jim_Sinclair.html
It was more the case of Ron Paul speaks and in revenge Bernanke crashes silver. You guys have got to see the video where RP holds up the silver bullet in Bernanke's face. BrotherJohn provides a worthy commentary here: http://www.youtube.com/watch?v=eAy3tq0c9AU
looked like a ASE... I wonder if you opened a shop in aus and only accepted only PM 1oz coins as payment and marked the prices accordingly whether you would get in trouble
