Posted: 5/5/2011 6:36:32 AM EDT
| Whats up with silver, it's fallen over 20% in the last few days? |
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Quoted:
25% right now. Nothing goes up like silver has without a sharp correction. I am betting low $30s before it catches support. CP That is all true, and there are crazy things going on in that market at the moment... It would be too much to type here, but if you follow Trader Dan, Turd Fergusun, and Harvey Organ for about two weeks, (google 'em!) you'll get up to speed on what, why, and be able to form your own informed plan as to what YOU should do. Knowledg is power. Empower yourself. |
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Quoted: Indulge us, type a few sentences. Quoted: 25% right now. Nothing goes up like silver has without a sharp correction. I am betting low $30s before it catches support. CP That is all true, and there are crazy things going on in that market for at the moment... It would be too much to type here, but if you follow Trader Dan, Turd Fergusun, and Harvey Organ for about two weeks, (google 'em!) you'll get up to speed on what, why, and be able to form your own informed plan as to what YOU should do. Knowledg is power. Empower yourself. |
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Quoted:Indulge us, type a few sentences.
It is possible that insiders know COMEX is about to default, and so are getting rid of soon to be worthless paper silver. Are you, or anyone, aware of any individual selling large amounts of actual metal? Exchanges and brokers have been raising margin requirements FIVE TIMES IN A WEEK!!!. That raised the amount of collateral investors must leave with their broker to back a position. CME Group, a commodity-exchange operator, has raised margin requirements multiple times in a week. The paper pushers are changing the rules as fast as their little pens can cross paper, so everyone is abandoning the paper ship and pouring into physical. As such, spot price is unlikely to recover. Rather, the recovery will come in the form of constantly increasing premiums on real, physical silver, or the metal will simply disappear. <edit> Look at spot price, look at what the physical metal is ACTUALLY selling at... in coin shops, Ebay, etc. It is eye opening. |
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Quoted: Quoted:Indulge us, type a few sentences. It is possible that insiders know COMEX is about to default, and so are getting rid of soon to be worthless paper silver. Are you, or anyone, aware of any individual selling large amounts of actual metal? Exchanges and brokers have been raising margin requirements FIVE TIMES IN A WEEK!!!. That raised the amount of collateral investors must leave with their broker to back a position. CME Group, a commodity-exchange operator, has raised margin requirements multiple times in a week. The paper pushers are changing the rules as fast as their little pens can cross paper, so everyone is abandoning the paper ship and pouring into physical. As such, spot price is unlikely to recover. Rather, the recovery will come in the form of constantly increasing premiums on real, physical silver, or the metal will simply disappear. I'm not savvy with this business, does this mean holding onto physical silver like bullions will not decrease in value substantially? |
| In simple terms I think he's saying he market is being manipulated because of the paper silver that the banks can't cover with real silver. Some of the big people have sold off huge amounts of real silver and flooded the market with silver and it's dropping the price because of it. I think the reason it went up was because of them so they could sell it high to begin with and now it's dropping back to where it would have been if they hadn't manipulated the market in the 1st place. It's really complicated to understand and I haven't begun to understand all of it. What I do know is the speculators were running up the price plus the demand for physical silver. Now that the market is flooded with thousands of ounces because of George Soros it's coming back down. |
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Quoted:I'm not savvy with this business, does this mean holding onto physical silver like bullions will not decrease in value substantially?
That is what I believe, but I've only been following the silver market, every day, for about three years. I've learned much, but there is still a lot for me to discover. You need to GET savvy. You're possibly running out of time. 
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Quoted:
In simple terms I think he's saying he market is being manipulated because of the paper silver that the banks can't cover with real silver... Some of the big people have sold off huge amounts of real silver and flooded the market with silver and it's dropping the price because of it... That is a big part of it for sure. Keep in mind the paper silver market is flooded with fake (unbacked) shares, so it is a flooded market too. Physical: flooded Paper: flooded =lower market price ...but what happens when it doesn't ship? 
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