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Yes, perhaps the silver squeeze will reveal to more people that 'The Fed' is actually a jointly run Ponzi scheme with the shareholders being banks on Wall Street.

 

I'd rather that then a collapse of system which is what the people at zero-hedge are calling for.

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I'd rather that then a collapse of system which is what the people at zero-hedge are calling for.

 

 

I was pondering this question while stropping my favourite tomahawk earlier today. Is it right to deliberately take actions which may, even minusculy, affect the stability of an economic system - and hence presumably, cause suffering during the upheaval?

 

It depends whether one believes that the cumulative suffering caused by a parasitic banking cartel is greater than that caused by a period of instability. I am sure good arguments could be presented for both cases. Actually, I think that the collapse of the fiat Ponzi-scheme will be the catalyst for unimaginable upheaval in the world - from which, perhaps, a more wholesome way of life will emerge. I hope so.

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$30.445.

 

I am starting to get concerned about the JPMorgue.

 

(Soon they'll gonna ask the COMEX to turn themselves into a cash exchange for silver. All futures will have to paid for upfront. :lol: Only silver delivery will be in the future then ... guaranteed by the JPMorgue ... :lol: )

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$30.445.

 

I am starting to get concerned about the JPMorgue.

 

(Soon they'll gonna ask the COMEX to turn themselves into a cash exchange for silver. All futures will have to paid for upfront. :lol: Only silver delivery will be in the future then ... guaranteed by the JPMorgue ... :lol: )

Just goes to show what a nonsense the 'futures' market really is. What a sick joke. Actually I think the whole lot should be abolished. You want to hedge Mr Producer? Tough. Pay up the cash up front and take yer goods just like every other mortal. If you want to gamble with your stuff then go to the casino. Problem solved.

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Just goes to show what a nonsense the 'futures' market really is. What a sick joke. Actually I think the whole lot should be abolished. You want to hedge Mr Producer? Tough. Pay up the cash up front and take yer goods just like every other mortal. If you want to gamble with your stuff then go to the casino. Problem solved.

 

 

Is there any evidence on this affecting JP Morgan. How possible is it that the buy silver and destroy JP Morgan is an urban myth whipped up on the internet to a hysteria?

 

There is kernel of truth, but if I was in on silver years ago, this could be a useful fad thats pushing slver higher on nothing

 

http://www.reuters.com/article/idUSTRE69Q0SE20101027

 

 

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Beautiful action in silver right now.

 

The JPMorgue possibly has a go at it. :lol:

 

This time it is really PM action as the EUR seems to be not moving much, while earlier the moves seemed more currency related.

 

JPMoron, please give us a window of cheap silver. Thank you.

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I sold half my silver bullion and miners today at $30.05 as I think we have seen an interim top. This was 1.49 x 200dma realising 100% gain since Aug 09.

 

In 2008 silver peaked at 1.47 x 200dma and gold at 1.3 x 200dma.

 

In 2006 silver peaked at 1.7 x 200 dma with gold at 1.38.

 

All other seasonal high corrections have been with gold peaking, but at the moment gold is nowhere near over bought at 1.16 x 200dma. Therefore it is very possible that this pullback (if that is what we get) will only last a couple of weeks and we will then get another peak into january.

 

I am therefore now expecting a 10% trim and will buy back in modestly at $27 (in case the pull back turns in to a full on correction).

 

If silver continues to rocket with the 200dma moving up I will continue to sell my position with a further 25% at 1.6 and the whole lot at 1.7 x 200dma.

 

If it goes to the moon then I will have still done very nicely and won't complain.

 

I will then buy in heavily next summer when it is likely to drop back down around 1.0 x 200dma lows.

 

My only concern with my approach is that it seems too easy, I can't believe everyone is not doing this. From experience, when I feel like this normally about things (ie like a smug g*t) in life that is when I usually fall flat on my face on something that is usually right under my nose. Is this approach too simplistic? what might go wrong?? <_<

 

 

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Congratulations on your timing, you must have good friends in JPM and DB... :)

 

I think you were wise to only trade 50% of your silver, but I think you would be mad to trade 100% of it and wait for next summer. It might transpire that this is bad advice come next summer, but I just don't think it's worth the risk. These are not ordinary times... Good luck however you play it.

 

I sold half my silver bullion and miners today at $30.05 as I think we have seen an interim top. This was 1.49 x 200dma realising 100% gain since Aug 09.

 

In 2008 silver peaked at 1.47 x 200dma and gold at 1.3 x 200dma.

 

In 2006 silver peaked at 1.7 x 200 dma with gold at 1.38.

 

All other seasonal high corrections have been with gold peaking, but at the moment gold is nowhere near over bought at 1.16 x 200dma. Therefore it is very possible that this pullback (if that is what we get) will only last a couple of weeks and we will then get another peak into january.

 

I am therefore now expecting a 10% trim and will buy back in modestly at $27 (in case the pull back turns in to a full on correction).

 

If silver continues to rocket with the 200dma moving up I will continue to sell my position with a further 25% at 1.6 and the whole lot at 1.7 x 200dma.

 

If it goes to the moon then I will have still done very nicely and won't complain.

 

I will then buy in heavily next summer when it is likely to drop back down around 1.0 x 200dma lows.

 

My only concern with my approach is that it seems too easy, I can't believe everyone is not doing this. From experience, when I feel like this normally about things (ie like a smug g*t) in life that is when I usually fall flat on my face on something that is usually right under my nose. Is this approach too simplistic? what might go wrong?? <_<

 

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I still have my coins in case tshtf scenario, but yes sold down half my silver position at bullionvault.

I am sorry to hear this. Why don't you invest in something that you believe will go up in value mid/long term, so that you don't have to trade so often?

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feel free to bail the system out with your own money then. :)

 

 

A straw man argument is an informal fallacy based on misrepresentation of an opponent's position.[1] To "attack a straw man" is to create the illusion of having refuted a proposition by substituting it with a superficially similar yet unequivalent proposition (the "straw man"), and refuting it, without ever having actually refuted the original position.[1][2]

 

I think this is a straw man:) I do admire the current system though. I'd like to make the claim that without fractional reserve banking there would be no space program. Crashing JP Morgan does most people no good.

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Sort of obvious, isn't it? It might just not happen, and MAs won't matter much anymore. Take the silver issue with the JPMorgue alone. What's an MA compared to this fundamental problem?

 

Agreed, my approach carries more risk than if I were to continue to hold and if the JP Morgan position unwinds completely then I agree that silver could go to $50 during this upleg.

 

But I want to trade the peaks and troughs as I think in the long run this will be much more profitable and I am likely to get out somewhere near the top, whereas if were to hold perpetually then it is likely I will own at the top but also roll down the other side.

 

I therefore think a buy and hold strategy also carries risk and my 'trading the peaks' strategy doesn't carry all that much more risk but I believe there is more potential upside.

 

what are your thoughts (on the balance of probabilities) that the JPMorgan shorts will fully unwind and we get a moon shot in silver in the next few months?

 

I would put it at no more than 1 in 4 before Feb / March, but agree it is possible and I will then have a strategy to sell at 1.7dma. You say this is irrelevant and I take your point, but without an alternative exit plan, what are my options?

 

I don't want to be the Grand old duke of york.

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I am sorry to hear this. Why don't you invest in something that you believe will go up in value mid/long term, so that you don't have to trade so often?

 

 

In 2006 silver went from around $15 at the peak down to $10 wiping out all the gains during the peaking period.

 

In 2008 silver went from $21 down to $8, although this is not a fair comparative figure as this was a panic which is very infrequently seen.

 

we have seen silver peaking every 2 years during this bull. you make me sound like a day trader! why don't you start trading a little and start maximising your returns?!!!

 

:P

 

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