So You Know... Smash-down.

Discussion in 'Silver' started by SilverSale, Jan 13, 2011.

Page 1 of 3
  1. SilverSale

    SilverSale Well-Known Member Silver Stacker

    Joined:
    Sep 25, 2009
    Messages:
    2,284
    Likes Received:
    190
    Trophy Points:
    63
    Location:
    Australia
    The banksters are smashing down the price of precious metals ahead of the CFTC meeting scheduled today (US time) to likely approve position limits in commodities (mainly because of manipulated silver market). 10% rule.

    Silver price can't be high before this is announced or it could get away from them! :p

    Done well so far...
     
    SilverSale, Jan 13, 2011
    #1
  2. SilverSale

    SilverSale Well-Known Member Silver Stacker

    Joined:
    Sep 25, 2009
    Messages:
    2,284
    Likes Received:
    190
    Trophy Points:
    63
    Location:
    Australia
    SilverSale, Jan 13, 2011
    #2
  3. millededge

    millededge Active Member

    Joined:
    Sep 4, 2010
    Messages:
    2,386
    Likes Received:
    21
    Trophy Points:
    38
    Location:
    camp x-ray, spelling division
    *primes the flintlock*
     
    millededge, Jan 13, 2011
    #3
  4. Flip

    Flip New Member

    Joined:
    Nov 1, 2010
    Messages:
    222
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    How can they push it down so quick?
     
    Flip, Jan 13, 2011
    #4
  5. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2010
    Messages:
    8,310
    Likes Received:
    7,694
    Trophy Points:
    113
    Location:
    House Corrino
    Look like you are right.... Whoever is doing it is very powerful....
     
    Shaddam IV, Jan 13, 2011
    #5
  6. Slam

    Slam Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2010
    Messages:
    1,294
    Likes Received:
    49
    Trophy Points:
    48
    Location:
    Au
    Don't worry about the push down. If November - December was to go by, watch the fireworks between Feb - March.

    1st of March will be an interesting day.

    Slam
     
    Slam, Jan 13, 2011
    #6
  7. Guest

    Guest Guest

    Computerised trading.
     
    Guest, Jan 13, 2011
    #7
  8. Matthew 26:14

    Matthew 26:14 New Member

    Joined:
    Sep 3, 2010
    Messages:
    3,305
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Victoria
    Paper trades.
     
    Matthew 26:14, Jan 13, 2011
    #8
  9. Flip

    Flip New Member

    Joined:
    Nov 1, 2010
    Messages:
    222
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    so your saying if they short sold 1 billion dollars worth of futures, it would go down even if they dont own them?
     
    Flip, Jan 13, 2011
    #9
  10. Apollo

    Apollo New Member

    Joined:
    Sep 5, 2010
    Messages:
    557
    Likes Received:
    2
    Trophy Points:
    0
    Location:
    Australia
    Parity... Again...
     
    Apollo, Jan 13, 2011
    #10
  11. perthsilver

    perthsilver Member Silver Stacker

    Joined:
    Aug 20, 2010
    Messages:
    605
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Adelaide
    I heard somewhere that during a disaster, people withdraw more of their money from their savings which pushes up the demand for the dollar.
     
    perthsilver, Jan 13, 2011
    #11
  12. heartastack

    heartastack Well-Known Member Silver Stacker

    Joined:
    Sep 2, 2010
    Messages:
    2,666
    Likes Received:
    3,041
    Trophy Points:
    113
    Location:
    Melbourne
    Counter attack!!!!
     
    heartastack, Jan 13, 2011
    #12
  13. millededge

    millededge Active Member

    Joined:
    Sep 4, 2010
    Messages:
    2,386
    Likes Received:
    21
    Trophy Points:
    38
    Location:
    camp x-ray, spelling division
    drive by
     
    millededge, Jan 13, 2011
    #13
  14. adrenalin

    adrenalin New Member

    Joined:
    Oct 30, 2009
    Messages:
    2,530
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Melbourne

    Interesting as in price going up or going down?
     
    adrenalin, Jan 13, 2011
    #14
  15. Nub Cannon

    Nub Cannon New Member

    Joined:
    Jan 12, 2011
    Messages:
    435
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Canada
    Silly question but what exactly will the 10% limit do if it is implemented?
     
    Nub Cannon, Jan 13, 2011
    #15
  16. Slam

    Slam Well-Known Member Silver Stacker

    Joined:
    Sep 27, 2010
    Messages:
    1,294
    Likes Received:
    49
    Trophy Points:
    48
    Location:
    Au
    Yes, but on the other end if the sources are correct. You have a billionaires, their mates and alot of other people like the chinese on the sidelines waiting to pounce. They are holding back right now because they are all going to jump in the last week of Feb before 1st of March for options expiries.

    Its going to be a rough ride between now and then, but whoever is shorting it is going to be losing out big time. The lower it goes the more the people are going to buy. Until then the price will drop, its kind of smart that the buyers are staying away now until a more definitive price in Feb. So they buy the maximum amount deposit and stand for delivery. The comex won't have the silver to deliver in March if it all goes to plan. So they will have to pay at least 25-30% premium for cash settlement. It worked in December and it will work in March given how tight supplies are. Nothing has changed, so whoever is shorting it, are a bunch of fools.

    They are trying to shake a tree, where the leaves are superglued to the branch. They won't be able to shake any leaves off (the weak hands).

    Slam
     
    Slam, Jan 13, 2011
    #16
  17. Sickboy1031

    Sickboy1031 New Member

    Joined:
    Jan 11, 2011
    Messages:
    80
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    United States
    woo hoo I bought right at the bottom of the dip tody 11 ounces for me and 10 for my buddy
     
    Sickboy1031, Jan 13, 2011
    #17
  18. Agauholic

    Agauholic New Member

    Joined:
    Sep 20, 2010
    Messages:
    813
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Australia
    Theres a bottom?

    weeeeeeeee
     
    Agauholic, Jan 13, 2011
    #18
  19. spets1

    spets1 New Member

    Joined:
    Dec 15, 2010
    Messages:
    110
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    just bought 2 1kg bars from ABC. They wouldnt give me more. Next shipment is coing mid feb. But by then the price will probably be skyrocketing.
     
    spets1, Jan 14, 2011
    #19
  20. adrenalin

    adrenalin New Member

    Joined:
    Oct 30, 2009
    Messages:
    2,530
    Likes Received:
    1
    Trophy Points:
    0
    Location:
    Melbourne
    So they have more but are holding on.... lol
     
    adrenalin, Jan 14, 2011
    #20
Page 1 of 3

Share This Page