All sitting commissioners are corrupt and are cowards. I expect them to tell the truth at the very least. To say that Bart is on our side because he accidentally blurted out the truth is ridiculous. Our leaders should be shouting out the truth when they see corruption. The CFTC has been allowing manipulation for years because the damn Fed says it’s for our own good. The US gov’t believes keeping the price of gold and silver down is best for the country. Let’s vote these bastards out.
It has been diluting the silver market for a long time. Hard money is the great enemy of fiat currency. You must keep the price of silver and gold down or the fiat currency will fail. The Founding Fathers knew this simple fact and called for gold and silver COIN to be the money of the Republic. The Fed could not exist without being able to pull paper money out of its ass under the fractional reserve system. The US gov’t is corrupt; to hell’em with all existing politicians. Let’s vote them out!
Silver has to take out 18.92 and it’s up up away. If it takes out 18.16, we will see it at 17.5.
But the charts are unclear Stochastic is embedded meaning its bullish to the upside but it needs to make higher highs soon or the stochastic reading will break out the down side.
Silver has broken out of a short trend 7 day trend line and is above a lower 14 month trend line that is at the 17.5 so it can touch it and still be in the upward trend.
@1min. Don’t look now, but silver is already at $18.70, so $19 is very very close. It will go back above $19–but I don’t know how high it will go before going in another downleg.
The problem with bull markets is that they get away from you. IE silver is making higher highs and higher lows. davincij15 says wait for the pullback. I am not, just MHO.
The hyper-simplified answer to your question is this: The massive short-selling suppresses the price of silver. If shorting is limited, then the price of silver can rise to match its natural market value. We’re hoping that a bunch of corrupt, greedy suits will take action to do the right thing.
Yep. Not too optimistic. On the other hand, the market may get away from them as the price rises due to market pressures, because shorters NEED the price to stay low. =^[.]^=
a bird in the hand is worth 2 in the bush. That’s what my grandma use to say, she also said “never look a gift horse in the mouth”.
Is there anyone who isn’t corrupt in the business world?
@ Moto: I did read. I am surprised that Hommel would make the emails public and bite the hand that feeds us. What is the point of winning the battle but losing the war? What if Chilton says to hell with those nutty silverbugs? What then? No metals hearings in March, I will tell you that.
Hommel was more interested in gratifying his righteous indignation and indulging his pride, than he was interested in our common goal to stop sliver COMEX manipulation. I thought Hommel was Christian?
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is bullionbourse com a scam? (1), www trend7day ch (1)davincij15
January 19th, 2010 at 10:25 am
Keep in mind who is in charge. The banks have bought and paid for all judges and prosecutors long ago.
Bart has to walk a tight rope of his job and prison sentence to help US.
So be grateful he is doing something compared to the other cowards that do nothing and suck off banker tit.
budb11
January 19th, 2010 at 10:25 am
All sitting commissioners are corrupt and are cowards. I expect them to tell the truth at the very least. To say that Bart is on our side because he accidentally blurted out the truth is ridiculous. Our leaders should be shouting out the truth when they see corruption. The CFTC has been allowing manipulation for years because the damn Fed says it’s for our own good. The US gov’t believes keeping the price of gold and silver down is best for the country. Let’s vote these bastards out.
budb11
January 19th, 2010 at 10:25 am
It has been diluting the silver market for a long time. Hard money is the great enemy of fiat currency. You must keep the price of silver and gold down or the fiat currency will fail. The Founding Fathers knew this simple fact and called for gold and silver COIN to be the money of the Republic. The Fed could not exist without being able to pull paper money out of its ass under the fractional reserve system. The US gov’t is corrupt; to hell’em with all existing politicians. Let’s vote them out!
BLynchCAN
January 19th, 2010 at 10:25 am
Frak
sepftc
January 19th, 2010 at 10:25 am
yet I have not seen it on bread, milk and cheese.
davincij15
January 19th, 2010 at 10:25 am
Yeah that happens when you print 2 trillion and hand it out.
That happens when the US gov goes into debt 1.4 trillion and 80% is printed.
sepftc
January 19th, 2010 at 10:25 am
please tell me why Im seeing high prices on copper, alluminum and scrap iron. something is up
davincij15
January 19th, 2010 at 10:25 am
Silver has to take out 18.92 and it’s up up away. If it takes out 18.16, we will see it at 17.5.
But the charts are unclear Stochastic is embedded meaning its bullish to the upside but it needs to make higher highs soon or the stochastic reading will break out the down side.
Silver has broken out of a short trend 7 day trend line and is above a lower 14 month trend line that is at the 17.5 so it can touch it and still be in the upward trend.
Short answer I don’t know whats going to happen.
davincij15
January 19th, 2010 at 10:25 am
There is a 60% chance that silver will drop to high 17 this week. If it does not then things may get ugly in the upward move.
truont
January 19th, 2010 at 10:25 am
@1min. Don’t look now, but silver is already at $18.70, so $19 is very very close. It will go back above $19–but I don’t know how high it will go before going in another downleg.
The problem with bull markets is that they get away from you. IE silver is making higher highs and higher lows. davincij15 says wait for the pullback. I am not, just MHO.
onemindonespirit
January 19th, 2010 at 10:25 am
So what do you think, will silver take a pull back any time soon or will this news push the price up past $19?
sarahsgift1
January 19th, 2010 at 10:25 am
This is really starting to get interesting.Tons of great comments!
micromilesaway
January 19th, 2010 at 10:25 am
Sounds interesting. Can you explain? lol
WizardKing78
January 19th, 2010 at 10:25 am
Thanks! Becoming familiar with the futures market is quite a steep learning curve, but absolutely riveting once you get the bug.
davincij15
January 19th, 2010 at 10:25 am
Yes, as well as BANK PARTICIPATION IN FUTURES MARKETS
WizardKing78
January 19th, 2010 at 10:25 am
And you obtained this data from the Commitment of Traders section in the CFTC website?
davincij15
January 19th, 2010 at 10:25 am
As of Jan 15 there are 23,583 spread contracts. Meaning the seller is also holds an equal number of longs.
How do we know JPM doesn’t have spreads? The CFTC has a bank participation report that shows the number of bank spreads, it’s a small number.
WizardKing78
January 19th, 2010 at 10:25 am
I’m new to trading and I’m interested to learn how you discerned how many spreads there are in the open interest?
Raycheetah
January 19th, 2010 at 10:25 am
@whiskerchild
The hyper-simplified answer to your question is this: The massive short-selling suppresses the price of silver. If shorting is limited, then the price of silver can rise to match its natural market value. We’re hoping that a bunch of corrupt, greedy suits will take action to do the right thing.
Yep. Not too optimistic. On the other hand, the market may get away from them as the price rises due to market pressures, because shorters NEED the price to stay low. =^[.]^=
davincij15
January 19th, 2010 at 10:25 am
Peter Schiff.
TheCZMan
January 19th, 2010 at 10:25 am
What do you think of Dog Fight by Move?
I think you can find it on YT.
Thanks for the answer.
jonyjoe896
January 19th, 2010 at 10:25 am
a bird in the hand is worth 2 in the bush. That’s what my grandma use to say, she also said “never look a gift horse in the mouth”.
Is there anyone who isn’t corrupt in the business world?
Bassmarko
January 19th, 2010 at 10:25 am
Great Point! Thanks.
davincij15
January 19th, 2010 at 10:25 am
I have sold silver I do not have right now. A long is I have paid for silver I will be getting at a future date OR the cash equivalent.
truont
January 19th, 2010 at 10:25 am
@ Moto: I did read. I am surprised that Hommel would make the emails public and bite the hand that feeds us. What is the point of winning the battle but losing the war? What if Chilton says to hell with those nutty silverbugs? What then? No metals hearings in March, I will tell you that.
Hommel was more interested in gratifying his righteous indignation and indulging his pride, than he was interested in our common goal to stop sliver COMEX manipulation. I thought Hommel was Christian?
Leave a reply