Silver is dropping right in front of my eyes

ahahaha
some one is actually shocked that when something goes vert so quickly that it goes down just as fast? lol

this is why you need to avoid FOMO.
 
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Investing for kids said:
Really? I think we have some potential in this run. Eh, I may be wrong, but its been so uncertain atm and no one really has any idea, when silver goes up by like 10% in one day and then drops by over 10% in the same day and then comes back up by around another 5%
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For comparison gold only dropped 3.3%.
 
Yankee101 said:
Well so far there have been two huge dumps in total of silver contracts - around 9:30pm and then at 3:30am

One dump was around 14,000 contracts in total and the other at 3:30am was even bigger at over 16,000 contracts.

IIRC these contracts are for 5000 ounces each so someone, from somewhere dumped a total of 150,000,000 ounces in a falling market. Then add in the other contracts dumped just before and after these huge dumps as well.

All done to take out the stops, kill the rally, and manipulate the price. No rational person or trader would trade like this ever unless the aim was price manipulation.

So the only question is who has the ability to do such manipulation?

And of course nothing will ever be done to the ones undertaking such manipulation.

If you or I tried something like that we'd end up in the klink.
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If this rally was able to be halted simply by taking out stops alone, then it wasn't a rally based on value, but one based on technical speculation.
Following this logic, the subsequent retracement was thus merely the market reverting to find true value in a speculative bubble.
Under these circumstances, any mention of manipulation is but a mere dreamy form of sour grapes, and the argument holds no substance.
 
wrcmad said:
If this rally was able to be halted simply by taking out stops alone, then it wasn't a rally based on value, but one based on technical speculation.
Following this logic, the subsequent retracement was thus merely the market reverting to find true value in a speculative bubble.
Under these circumstances, any mention of manipulation is but a mere dreamy form of sour grapes, and the argument holds no substance.
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Fiat technically has no real value but its been successfully trading as our currency since at least 1971 ... I'd say 1914.

So reality and value isn't really how to call things.

One reality is there is massive amounts of Fiat floating around in Stimulas and in the stock market etc that still has some serious buying power in the real every day economy. This Fiat is fine as long as it stays where it is. When it runs for the exits be it real products in your had or Precious Metals then theres going to be a big bottle neck at the exit points.

The global economy is on literal lifes support right now. In 2011 there was trouble but not like whats going on now.

View this push down like some one trying ro hold a swimming kick board under the natural water level. It can't be held down for ever. Even if its not worth much in the future.... AUD is going to be worth absolutely nothing in the not to distant future.
 
OneDay said:
Fiat technically has no real value but its been successfully trading as our currency since at least 1971 ... I'd say 1914.

So reality and value isn't really how to call things.

One reality is there is massive amounts of Fiat floating around in Stimulas and in the stock market etc that still has some serious buying power in the real every day economy. This Fiat is fine as long as it stays where it is. When it runs for the exits be it real products in your had or Precious Metals then theres going to be a big bottle neck at the exit points.

The global economy is on literal lifes support right now. In 2011 there was trouble but not like whats going on now.

View this push down like some one trying ro hold a swimming kick board under the natural water level. It can't be held down for ever. Even if its not worth much in the future.... AUD is going to be worth absolutely nothing in the not to distant future.
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Yeah, I've heard the fiat biography a thousand times.
But that's got nothing to do with my point.

If you can bust a price simply by taking out stops, then it wasn't fair price in the first place, and the subsequent drop therefore cannot be categorised as manipulation.
 
wrcmad said:
Yeah, I've heard the fiat biography a thousand times.
But that's got nothing to do with my point.

If you can bust a price simply by taking out stops, then it wasn't fair price in the first place, and the subsequent drop therefore cannot be categorised as manipulation.
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The price hasn't bust.

Bust would be $15 AUD OZ physical.
 
OneDay said:
This is a different animal to 2011. The worlds economys are in a literal ious death spiral.

Not that I was around in this
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OneDay said:
This is a different animal to 2011. The worlds economys are in a literal obvious death spiral.
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I was referring to the comment being made about prices falling after a quick run up, just like in 2011. Many people couldn’t understand why it was coming down when it was supposedly to be going to the moon :)
 
Lucky said:
I was referring to the comment being made about prices falling after a quick run up, just like in 2011. Many people couldn’t understand why it was coming down when it was supposedly to be going to the moon :)
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Yeah 2011 would have sucked I imagine. It should have been the crash then but it was averted for nine years. Now the worlds in a way worse position and the crash is coming.

There maybe some other troublesome things coming too.
 
wrcmad said:
If this rally was able to be halted simply by taking out stops alone, then it wasn't a rally based on value, but one based on technical speculation.
Following this logic, the subsequent retracement was thus merely the market reverting to find true value in a speculative bubble.
Under these circumstances, any mention of manipulation is but a mere dreamy form of sour grapes, and the argument holds no substance.
Click to expand...

Yeah sure, somebody dumping 150,000,000 ounces into the market into the middle of the night isn't manipulation.

By the way, who has 150,000,000 ounces to dump and why would tthey do so if they were rational?

They could drip feed the silver into a rising market and make a bundle rather than causing the value of their holdings to fall by some $450,000,000 unless they were shorting it andhten breaking every COMEX rule on the books while doing it.
 
Yankee101 said:
Yeah sure, somebody dumping 150,000,000 ounces into the market into the middle of the night isn't manipulation.

By the way, who has 150,000,000 ounces to dump and why would tthey do so if they were rational?

They could drip feed the silver into a rising market and make a bundle rather than causing the value of their holdings to fall by some $450,000,000 unless they were shorting it andhten breaking every COMEX rule on the books while doing it.
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Just curious, where are you getting this information from?
 
Yankee101 said:
Well so far there have been two huge dumps in total of silver contracts - around 9:30pm and then at 3:30am

One dump was around 14,000 contracts in total and the other at 3:30am was even bigger at over 16,000 contracts.

IIRC these contracts are for 5000 ounces each so someone, from somewhere dumped a total of 150,000,000 ounces in a falling market. Then add in the other contracts dumped just before and after these huge dumps as well.

All done to take out the stops, kill the rally, and manipulate the price. No rational person or trader would trade like this ever unless the aim was price manipulation.

So the only question is who has the ability to do such manipulation?

And of course nothing will ever be done to the ones undertaking such manipulation.

If you or I tried something like that we'd end up in the klink.
Click to expand...
Ill take a swim in that river!
 
Yankee101 said:
Well so far there have been two huge dumps in total of silver contracts - around 9:30pm and then at 3:30am

One dump was around 14,000 contracts in total and the other at 3:30am was even bigger at over 16,000 contracts.

IIRC these contracts are for 5000 ounces each so someone, from somewhere dumped a total of 150,000,000 ounces in a falling market. Then add in the other contracts dumped just before and after these huge dumps as well.

All done to take out the stops, kill the rally, and manipulate the price. No rational person or trader would trade like this ever unless the aim was price manipulation.

So the only question is who has the ability to do such manipulation?

And of course nothing will ever be done to the ones undertaking such manipulation.

If you or I tried something like that we'd end up in the klink.
Click to expand...

Due to the imposed position limits in 2012, there are only a few traders which have exemptions to those limits to take such positions. These are hedge funds and Bullion banks. An individual trader couldn't take such positions even if they wanted to.

These position limit exemptions (bonafide hedge exemptions) aren't without their own limits though, they still need to have the physical silver to back their positions.
As it stands, there is approx 950m Oz's in transparent silver holdings for hedge funds and ETFs.
 
Huge dips like this are what limit orders are good for, just set and sit back and wait for the dip.
 
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