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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
 Posted - 02/11/2010 : 12:52:20
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I have noticed that the last several days silver dips like crazy the first 2-3 hours then it pops back up. Who is causing this?
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You don't have to be the BEST you just have to be.......SLICK
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Edited by - slickeast on 02/11/2010 12:53:53 |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 02/11/2010 : 14:09:08
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If the shorts can con the commercials out of their silver positions, they can cover their positions at a cheaper price, courtesy of panicked sellers. The trouble is, JPMorgan is the custodian of SLV, and as a bullion bank knows where the stop-loss limits are placed on big commercial accounts. All they have to do is sell naked into the market until the sell orders are triggered, then they can go around and scoop up the remains. It's like they are the suicide-bombing terrorists, causing carnage, and then swiftly donning the uniforms of ambulance drivers to try and rescue the survivors. Word has it that the New York markets are now alone in manipulating the paper silver price as the bullion banks of England have given up. Of course, this is all just my uneducated guesswork  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Zyll
Penny Pincher Member
USA
214 Posts |
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 02/11/2010 : 18:50:10
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quote:
Originally posted by beauanderos
If the shorts can con the commercials out of their silver positions, they can cover their positions at a cheaper price, courtesy of panicked sellers. The trouble is, JPMorgan is the custodian of SLV, and as a bullion bank knows where the stop-loss limits are placed on big commercial accounts. All they have to do is sell naked into the market until the sell orders are triggered, then they can go around and scoop up the remains. It's like they are the suicide-bombing terrorists, causing carnage, and then swiftly donning the uniforms of ambulance drivers to try and rescue the survivors. Word has it that the New York markets are now alone in manipulating the paper silver price as the bullion banks of England have given up. Of course, this is all just my uneducated guesswork
Bingo...!
It does two things.
#1 - They make money everyday this way.
and
#2 - (This a lot more important). They can keep the price of silver from achieving its real value, as real money, thus keeping fiat king.
>
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/11/2010 : 20:17:02
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| It's just me. You see I have to post my orders early in the morning before I get to work. Murphy's Law, I buy it dips...... |
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Think positive. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 02/11/2010 : 20:42:44
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quote:
Originally posted by Ardent Listener
It's just me. You see I have to post my orders early in the morning before I get to work. Murphy's Law, I buy it dips......
If you can, post the time that you buy. That way we can wait an hour and buy cheaper. |
You don't have to be the BEST you just have to be.......SLICK
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Dalsuh
Penny Hoarding Member
USA
757 Posts |
Posted - 02/12/2010 : 16:48:07
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I agree w/ this guy. I am making a small purchase this weekend.
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PACK THE FORUM EVERY MONDAY NIGHT
Eastern 9 PM
Central 8 PM ( Forum Time )
Mountain 7 PM
Pacific 6 PM ( HoardCopperByTheTon Time)
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fb101
Administrator
USA
2856 Posts |
Posted - 02/12/2010 : 19:25:54
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quote:
Originally posted by beauanderos
If the shorts can con the commercials out of their silver positions, they can cover their positions at a cheaper price, courtesy of panicked sellers. The trouble is, JPMorgan is the custodian of SLV, and as a bullion bank knows where the stop-loss limits are placed on big commercial accounts. All they have to do is sell naked into the market until the sell orders are triggered, then they can go around and scoop up the remains. It's like they are the suicide-bombing terrorists, causing carnage, and then swiftly donning the uniforms of ambulance drivers to try and rescue the survivors. Word has it that the New York markets are now alone in manipulating the paper silver price as the bullion banks of England have given up. Of course, this is all just my uneducated guesswork
Years ago I spent many an hour ticker watching, and I noticed the price patterns made by the floor traders, which was precisely the pattern you described. It could be done in both up and down directions and it was done on a daily basis. Watch a stock go back and forth in a 1/2 point pattern for 4 hours as the floor trader shorted the upticks, and then near the close, it would go to +1, then trigger sell pressure forcing the price to -1 or more where the floor trader would cover. I have no doubt the same thing goes on in the commodities trades. |
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 02/12/2010 : 20:41:38
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| How does one profit from this scenario as do JPMorgan and co? |
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 02/12/2010 : 20:48:16
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| probably just watch the trend channels of silver, and sell whenever silver approaches the top of the channel (not waiting for maximal profits) knowing that JPM will be mopping up the floor with the commercials soon enough. Then buy near a twenty percent pullback and repeat the process. That's what they do. They will let sentiment restore itself and silver longs regain confidence, then they'll do it all over again. The only thing that can stop them is an absolute scarcity of physical silver. You can play AGQ for double the movement, SLV for the more faint of heart. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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SILVER the 8-11 daily dip
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