Midnight to 6am - Overnight Spot Watchers Spot...
- Thread starter Turk
- Start date
I sometimes think the pirate ship should be changed to a submarine.
Then Captain Turk could be like... DIVE DIVE DIVE.... ($30 spot price)
And then be all like, Mr Errol, can you bring us up to periscope depth.... ($50 spot price)
Then Captain Turk could be like... DIVE DIVE DIVE.... ($30 spot price)
And then be all like, Mr Errol, can you bring us up to periscope depth.... ($50 spot price)
Turk
Active Member
RetardedMonkey said:
That's a very good idea Retarded Monkey, only then we would all be pretending, wouldn't we --
when in actual fact we are all now sailing an a five-masted sailing ship with a golden anchor and Ozama Un Leaden
serving us cornflakes every morning.
So I think we should all stick to reality for now...
(On the other hand....
)
Turk
Active Member
Just popping up the daily chart to record all the recent action for posterity.
We are at a critical point for silver at this stage.
Friday's FED meeting will shed some light on the medium term silver movements, but we are unlikely to get a lot of downside movement from here.
Silver has formed a couple of firm basis around the 38 and 42 marks since May 3. We are pretty much sitting pretty on one right now.
JPM are doing a good job holding the price down, but it's obviously getting harder for them each day.
What will Bernanke announce at Jackson Hole? At the *very least* he will appear to be 'open' to further QE "if it is needed."
There are two courses he might take. One will disavow further overt QE, and one will support it.
If he refuses further QE (in any form) the stock market will drop sharply and subsequent 'events' will very quickly force him to change his mind.
I think the following article is VERY significant http://www.financeandeconomics.org/Articles archive/2011.08.17 Bank Credit Repo.htm
If Bernanke switches to the Repo market and starts tapping into the Non-Borrowed Reserves (NBR) of the commercial banks, he will effectively enable those banks to wave their 'fractional reserve wands' over the borrowed amounts and swell the primary money supply by tens of trillions of dollars. (It's like a financial short-circuit.)
That's probably the worst possible thing imaginable for the US economy.
If his Friday announcement is REALLY bad for the economy long term then the stock market will rally and seem stabilize, but I somehow think he will do something else that will 'delay' that longed-for stability for a week or two. Even Ben tries to appear unpredictable occasionally.
If the announcement is good for PMs (and I can't imagine him saying anything else!) then we can expect the PM prices to be hit hard, or at least held down from rising too much. Might be a good time to raise gold margins at the CME - as Lovely80 suggested yesterday. Silver might lose a couple of dollars - but if it does DON'T DELAY - because we are about to leave the low 40s very soon now - and this time there will be NO going back.
SPOT : USD $41.93
We are at a critical point for silver at this stage.
Friday's FED meeting will shed some light on the medium term silver movements, but we are unlikely to get a lot of downside movement from here.
Silver has formed a couple of firm basis around the 38 and 42 marks since May 3. We are pretty much sitting pretty on one right now.
JPM are doing a good job holding the price down, but it's obviously getting harder for them each day.
What will Bernanke announce at Jackson Hole? At the *very least* he will appear to be 'open' to further QE "if it is needed."
There are two courses he might take. One will disavow further overt QE, and one will support it.
If he refuses further QE (in any form) the stock market will drop sharply and subsequent 'events' will very quickly force him to change his mind.
I think the following article is VERY significant http://www.financeandeconomics.org/Articles archive/2011.08.17 Bank Credit Repo.htm
If Bernanke switches to the Repo market and starts tapping into the Non-Borrowed Reserves (NBR) of the commercial banks, he will effectively enable those banks to wave their 'fractional reserve wands' over the borrowed amounts and swell the primary money supply by tens of trillions of dollars. (It's like a financial short-circuit.)
That's probably the worst possible thing imaginable for the US economy.
If his Friday announcement is REALLY bad for the economy long term then the stock market will rally and seem stabilize, but I somehow think he will do something else that will 'delay' that longed-for stability for a week or two. Even Ben tries to appear unpredictable occasionally.
If the announcement is good for PMs (and I can't imagine him saying anything else!) then we can expect the PM prices to be hit hard, or at least held down from rising too much. Might be a good time to raise gold margins at the CME - as Lovely80 suggested yesterday. Silver might lose a couple of dollars - but if it does DON'T DELAY - because we are about to leave the low 40s very soon now - and this time there will be NO going back.
SPOT : USD $41.93
Aye hotel 46, bin too long ta da plank bin walkted on an dere iz nuw cruw who dunno aburt tit. ooh Kaptun errol43, gud ta see ya lookin betta, i dink ya sent ya sicniz ta mee, i bin inn an owt mee bunk fur days ann feel lik i bin hit by spannermonkies weapin
i bee inn mee bunk
nite awl
$41.42
Nite mee Captain Turk
i bee inn mee bunk
nite awl
$41.42
Nite mee Captain Turk
I fink we juz hit a burg.
of' couse me limeandakoknot's now olova da dek.
betta mop't up qwick, brfour maggie slips on de way to er bunk.
But first, I found some wiskey in dis ere jar.
Ye wan' some?
[youtube]http://www.youtube.com/watch?v=MfgLR8Tt7XA[/youtube]
of' couse me limeandakoknot's now olova da dek.
betta mop't up qwick, brfour maggie slips on de way to er bunk.
But first, I found some wiskey in dis ere jar.
Ye wan' some?
[youtube]http://www.youtube.com/watch?v=MfgLR8Tt7XA[/youtube]
G
Guest
Guest
Tankya Ashure I tink I wil , 
Luks lik da wind as stoped blowin on da hous o cards for now huh ? hopfuli itil let sum pepol git loded up sum more afore it al fals down.
Luks lik da wind as stoped blowin on da hous o cards for now huh ? hopfuli itil let sum pepol git loded up sum more afore it al fals down.
Oi be tinkin ter meself ternight, and Oi tink it moight be time ter start loadin up wid a wee bit more... of de silver, and limandkokonut juse. Oi tink de silver first, den de kokonut.
She be blowin down a wee bit, and Oi tink de Capn, hims got woise words... load 'er up while de goin's good lads - and dinnae look back in a while and tink "If only Oi hadda loaded harder".
Aight, Oi'm off cru, noight, and USD $41.24
She be blowin down a wee bit, and Oi tink de Capn, hims got woise words... load 'er up while de goin's good lads - and dinnae look back in a while and tink "If only Oi hadda loaded harder".
Aight, Oi'm off cru, noight, and USD $41.24
True dat sothernX, da crew dat be after the dwagon on ere might be lucki and slay one before de tide goes back out.
I ere's dat dey be der guardians of impressive hordes, dem dwagons.
I mys'lf be on the lookout. up on the mask. wif me wiskey of course.
oi, seea ya der too midnight man,
good midnight man.
I ere's dat dey be der guardians of impressive hordes, dem dwagons.
I mys'lf be on the lookout. up on the mask. wif me wiskey of course.
oi, seea ya der too midnight man,
good midnight man.
My take is that its profit taking after the margins were raised, and/or mabie some bigger players repositioning themselves in the hopes of avoiding being overcommitted in case of a further margin hike.
Volitility is up, and sentiment in the lead up to tommorrows news could also be a factor.
http://www.reuters.com/article/2011/08/24/markets-precious-idUSL5E7JO1BP20110824
I think Captain Turk had it pegged tho (no pun on the leg captain.)
Tommorrow could be important.
On de other hand somefin fishy could be going on unda de ship? kitco charts ar anavailabel and are 'parrently off by somewhat? charrrrrrght giltchs seam tobe 'appenin' alot lately... too much rumbo for de chartits i be tinken'.
Volitility is up, and sentiment in the lead up to tommorrows news could also be a factor.
http://www.reuters.com/article/2011/08/24/markets-precious-idUSL5E7JO1BP20110824
I think Captain Turk had it pegged tho (no pun on the leg captain.)
Tommorrow could be important.
On de other hand somefin fishy could be going on unda de ship? kitco charts ar anavailabel and are 'parrently off by somewhat? charrrrrrght giltchs seam tobe 'appenin' alot lately... too much rumbo for de chartits i be tinken'.
Da Captain Turk...He can see thru dem foggy clowds I tell ye..We be on de wright korse now we will...
Captain I be orf to me bunk onse agin... me bak is bard...more rumbo and de kokonut juise...den iB rite by yer side sir goen eder n or s..
Nite Nite der Captun and all de cru
I beorf now....Errol 43...de drugs have got me aginZZZZZZZZ
Captain I be orf to me bunk onse agin... me bak is bard...more rumbo and de kokonut juise...den iB rite by yer side sir goen eder n or s..
Nite Nite der Captun and all de cru
I beorf now....Errol 43...de drugs have got me aginZZZZZZZZ
Turk
Active Member
Azure said:
Forgive me Azure, I forgot to welcome thee aboard this fine vessel.
There are actually about seven people stowed away in the hold right now. We know they are there - but they don't know we know they are there.
But every so often the smell of lime and coconut juice draws one or two of them out of hiding and we welcome them aboard officially - so WELCOME AZURE!!
You may consider yourself fully exculpated too, but please remember that we frown on sesquipedalian tendencies
You are quite safe from the plank too.
It's currentlly out of action after a Ozama received a splinter in his finger from it some time back.
Health and Safety are looking into the issue and have recommend we might need to replace it with an AS-2005 Certified Plank - or one of those new Shimano Carbon Fiber Composite Planks that are all the rage on the Continent.
SPOT : USD $40.00
Turk
Active Member
Evening Hotel 46,
Lots of folk online tonight: Reps from Melb, Syd, Can, Perth and overseas are all online.
akitofuyu, Alchemist, Anthony, Apollo, Aurora et luna, bankaiblade, Bart, biconz, Big A.D., Clawhammer, C_Heath, Dabloodymess, Dan Unda, dccpa, El Bullion, euphoria, find, fishball, gavburg, GCP, getiton, glam, goldpelican, grinners, Haggai 2:8, JDMseaweed, Lav, Len82, Lord Dragon, Maggie, MatrixOpals, mickjohn, Mighty Atom, millededge, mmm....shiney!, Naphthalene Man, numismatation, octapotamus, Ouch, ozbullion, Ozi, Perlon1, Peter, pmfiend, projack, rbaggio, renovator, RetardedMonkey, ReturnToZero, Ronnie 666, Silver Natural 9, SilverBaron, silvergrey, silversardine, silverstalker, Silverthorn, Silvester, sky.pirate, spankos, spannermonkey, STC, stinkypete, systematic, ThisIsJoe, Turk, WSTNETS, yennus
Another interesting night ahead.
NY opened 35 minutes ago.
Usually takes a few minutes for spot to settle down - after the initial daily trades get out of the way. Might be a bit of metal buying to support the price in early trading but gold will probable come under attack again tonight, which might weigh on silver. Nothing we haven't seen before though. As some here expected the gold margins were increased last night, hammering down the gold price nicely. I expect the downward trend to continue tonight, but to be less extreme than last night.
Here is an enlargment of the silver chart, showing last night's and today's action:
And here is today's gold chart - well worth a long look at this one:
In gold I think we can look for spot moves somewhat echoing the late April takedown.
For gold, both the recent up-move and the sudden down-move have been severe.
The chart suggests (to me) that JPM might be trying a new approach rather than merely suppressing the metals heavily (day and night) they now seem to let the metals run up the chart strongly (drawing in fresh longs) then -- once the action becomes top-heavy and unstable -- they use late night margin increases and heavy shorting (etc.) to hit the metal hard over a period of several days. Tonight will be day three.
This 'seems' to be their current play at the moment.
If they can get either metal down to the 50DMA they can do some technical damage to trading which probably gets them all bonus brownie points or something.
(They might try to hit silver down to its 50DMA tonight. See the green cirle above - it's looking tempting. Watch and see - and grab some online bargains if you are buying - like I am currently.)
I'm off below to plot our now course....
SPOT : USD $39.48
SC: "Looking for an Echo" please?!
Lots of folk online tonight: Reps from Melb, Syd, Can, Perth and overseas are all online.
akitofuyu, Alchemist, Anthony, Apollo, Aurora et luna, bankaiblade, Bart, biconz, Big A.D., Clawhammer, C_Heath, Dabloodymess, Dan Unda, dccpa, El Bullion, euphoria, find, fishball, gavburg, GCP, getiton, glam, goldpelican, grinners, Haggai 2:8, JDMseaweed, Lav, Len82, Lord Dragon, Maggie, MatrixOpals, mickjohn, Mighty Atom, millededge, mmm....shiney!, Naphthalene Man, numismatation, octapotamus, Ouch, ozbullion, Ozi, Perlon1, Peter, pmfiend, projack, rbaggio, renovator, RetardedMonkey, ReturnToZero, Ronnie 666, Silver Natural 9, SilverBaron, silvergrey, silversardine, silverstalker, Silverthorn, Silvester, sky.pirate, spankos, spannermonkey, STC, stinkypete, systematic, ThisIsJoe, Turk, WSTNETS, yennus
Another interesting night ahead.
NY opened 35 minutes ago.
Usually takes a few minutes for spot to settle down - after the initial daily trades get out of the way. Might be a bit of metal buying to support the price in early trading but gold will probable come under attack again tonight, which might weigh on silver. Nothing we haven't seen before though. As some here expected the gold margins were increased last night, hammering down the gold price nicely. I expect the downward trend to continue tonight, but to be less extreme than last night.
Here is an enlargment of the silver chart, showing last night's and today's action:
And here is today's gold chart - well worth a long look at this one:
In gold I think we can look for spot moves somewhat echoing the late April takedown.
For gold, both the recent up-move and the sudden down-move have been severe.
The chart suggests (to me) that JPM might be trying a new approach rather than merely suppressing the metals heavily (day and night) they now seem to let the metals run up the chart strongly (drawing in fresh longs) then -- once the action becomes top-heavy and unstable -- they use late night margin increases and heavy shorting (etc.) to hit the metal hard over a period of several days. Tonight will be day three.
This 'seems' to be their current play at the moment.
If they can get either metal down to the 50DMA they can do some technical damage to trading which probably gets them all bonus brownie points or something.
(They might try to hit silver down to its 50DMA tonight. See the green cirle above - it's looking tempting. Watch and see - and grab some online bargains if you are buying - like I am currently.)
I'm off below to plot our now course....
SPOT : USD $39.48
SC: "Looking for an Echo" please?!
There's been a little run-up in both metals since US market opened, but waiting for a bit of a pullback now.
I'll wake up tomorrow and see what damage has been done!
I'll wake up tomorrow and see what damage has been done!
Sandgroper
Member
Some may be amused to know I'm in my bunk on board a tug and enjoying the marinated wit ,night all
G
Guest
Guest
hotel 46 said:
Arrghh da Tugs donna go owt a ports dey jus go bak an forth,
Da silva be goin duwn da stak be goin up, iffin ya trunslayt da lanlubbas ya be buy da mermaid fader duwn .
[youtube]http://www.youtube.com/watch?v=H1yYDuSf3C4[/youtube]
Cru. Didya see de charts deer Captun Turk put up on de screen and all de creu he gathers to listen to his advise..He can see thru de London Peasoup, I tell ye...
Lanlubbers bac up de truck, bubbles be on to morra, bringen gud tidings from de reserve. Look to de skies, it mite be ranen fiat.
I go on de belo dek patrol deer Captun, and see if i caane find these scoundrel that ye think mite be hiden in de bouls of de SS.
Deck Patrol offiser Errol43
40.12 A comeback?
Lanlubbers bac up de truck, bubbles be on to morra, bringen gud tidings from de reserve. Look to de skies, it mite be ranen fiat.
I go on de belo dek patrol deer Captun, and see if i caane find these scoundrel that ye think mite be hiden in de bouls of de SS.
Deck Patrol offiser Errol43
40.12 A comeback?
