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  #1  
Old 09-17-2010, 08:36 AM
exchange exchange is offline
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Default Don't want to spoil the party, but.........

I can see JPM and GS getting ready to pull the biggest short in Silver's history. We might go from a high of around $21-$23 to $17 in less than a week.

I mean this ain't normal. Something is behind pushing silver up.

disclosure: I own physical silver.

Last edited by exchange : 09-17-2010 at 08:40 AM.
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  #2  
Old 09-17-2010, 08:41 AM
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Stormdancer Stormdancer is offline
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You're not spoiling the party There's almost a 100% chance it's coming. The question is when and how hard....how effective it will be and how long it will be effective.

I'm betting the answer to those are

1. pretty soon....

2. really, really hard

3. not nearly as effective as they thought and expected

and

4. not nearly as long as the last one
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  #3  
Old 09-17-2010, 08:41 AM
Kookcollector Kookcollector is offline
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Quote:
Originally Posted by exchange View Post
I can see JPM and GS getting ready to pull the biggest short in Silver's history. We might go from a high of around $21-$23 to $17 in less than a week.

I mean this ain't normal. Something is behind pushing silver up. Who knows, maybe its a new form of manipulating silver.

disclosure: I own physical silver.
Well, as the ole saying goes:

History has a habit of repeating itself.
So the 64 thousand dollar question is this:
Has this happened before ?

I mean like $21 one day and pretty much back to the $16 level just a couple of days later ?
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Old 09-17-2010, 08:48 AM
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It is simple.

The only way massive shorts work to drive POS down is if there is no buyer with money and guts.

The big change lately is that the shorts aren't the only ones with strength.

What is the old saying?

The hunting ain't nearly so much fun when the rabbit also carries a gun.

Will we see profit taking? Yes.
Will the shorts try to push at that time? Yes.
Is there a shipload of money waiting to jump in on the long side if that happens? Hell yes.

Dip from $22 to $20 intra day and then back to $21 before the move resumes is the new normal.

Just look at the way the last 2 months have gone lots of probing down spikes, everyone pushed back in.

Old think is that JPM is in charge and the longs are helpless. JPM still has a lot of juice but the longs are no longer helpless.
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Old 09-17-2010, 09:11 AM
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It's a party either way.........if it drops....it's a gift to buy more physical for a cheaper price.
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Old 09-17-2010, 09:13 AM
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Quote:
Originally Posted by AgStacker View Post
It is simple.

The only way massive shorts work to drive POS down is if there is no buyer with money and guts.

The big change lately is that the shorts aren't the only ones with strength.

What is the old saying?

The hunting ain't nearly so much fun when the rabbit also carries a gun.

Will we see profit taking? Yes.
Will the shorts try to push at that time? Yes.
Is there a shipload of money waiting to jump in on the long side if that happens? Hell yes.
Dip from $22 to $20 intra day and then back to $21 before the move resumes is the new normal.

Just look at the way the last 2 months have gone lots of probing down spikes, everyone pushed back in.

Old think is that JPM is in charge and the longs are helpless. JPM still has a lot of juice but the longs are no longer helpless.

That's exactly what I think I'm seeing as well. That part I bolded is what's different...and getting more different by the week.


1. pretty soon ....We're going to take more hits....it's what they do....

2. some of them are going to be hard hits....they're desperate.

3. there are more people each week discovering the silver story...just sitting and waiting for a chance to dive in....those desperate hits are going to get thrown back in their face quicker, and more often because of it.

4. we're not going to wallow along a smack-down bottom like we used to...see 3 above


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May never know a sheltered place
Nor grow symmetrical in grace.
Such trees must battle doggedly
the blasts, and bear the scars.
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  #7  
Old 09-17-2010, 09:15 AM
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Maybe, maybe not. I hope it does. It will be the last chance to back up the truck and load up on physical. Hope it doesn't carry a $4 premium.
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Old 09-17-2010, 09:16 AM
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Quote:
Originally Posted by exchange View Post
I can see JPM and GS getting ready to pull the biggest short in Silver's history. We might go from a high of around $21-$23 to $17 in less than a week.

I mean this ain't normal. Something is behind pushing silver up.

disclosure: I own physical silver.
If you trust yourself on this, then you should sell all your silver at current high prices and buy it at $17.
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  #9  
Old 09-17-2010, 09:20 AM
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GetZeeGold GetZeeGold is offline
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Quote:
Originally Posted by Kookcollector View Post
Has this happened before ?

I mean like $21 one day and pretty much back to the $16 level just a couple of days later ?
Not that I can remember......

.......I mean like $20 one day and pretty much up to the $26 level just a couple of days later....

Be the ball.
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  #10  
Old 09-17-2010, 09:21 AM
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TrunkMonkey TrunkMonkey is offline
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What agstacker and SD said. The charts are not behaving as normal, the dips aren't holding, makes me think something big is buying.
Can someone confirm volumes? Are they higher than usual?
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