The paper shenanigans continued this morning, as 12,428 paper silver contracts were traded in a span of only 5 minutes at approximately 9:20-9:25 am today. That's 62.14 million ounces of paper silver in 5 minutes crushing silver from $33.02 to $32.54....or 12.42 million ounces of paper a minute! And it gets worse.
Over a span of 50 minutes from 8:40 to 9:30am EST this morning, a total of 87,250 contracts traded hands, or 436,250,000 ounces- nearly the entire open interest in silver!
With an open interest of 112,424 contracts, this means that 78% of the COMEX open interest, and MORE THAN 1/2 OF WORLD PHYSICAL ANNUAL PRODUCTION changed hands in under an hour this morning!
The tail (paper markets) have BECOME THE DOG!
91 comments:
I thought silver was supposed to be like 60-70 dollars an ounce by now?
> I thought silver was supposed to be like 60-70 dollars an ounce by now?
lol
:)
Lolz
Duder... don't worry it will be... this year... I don't listen to the ramblings of brother john... Guy doesn't know his head from his ass... but you'll see 60 -70 this year.
Manipulation Yes
Gift Yes
"Party on Wayne/party on Garth"
Any guesses if this "dog" has anymore legs?
this site sucks
I think I will waiting for sub $28 before I buy. With the way the market and apparent manipulation is going, it is a possibility... if not lower. If I miss it and there is a rebound then so be it. Just wait.
JJ83
Has anyone read stewart thompsons recent public article on 321gold... I suggest you do.. its more annoying crap about enduring the pain of the gold stocks gulag... You know what that means IMO, that a bottom is near. :) These guys, usually get it wrong... and I can assure you that liquidity is quietly flowing from bonds to gold and the metals... something old stweart doesn't talk about...
j
Ok so I was part of that trading, and I can assure you I am NOT a bank. Changed uslv, for dslv.
Dummy
if you want to understand silver investing read "The Silver Stealers" by Charles Savoy.Definitely best piece ever written on the subject. And is not encouraging. http://www.silverbearcafe.com/private/01.11/silverstealers-5.html
Nice to see ILuverPre-MenstrualSyndrome (Great nickname huh Doc?) back trolling. The expert of netdania if I remember correctly. These trading volume numbers have to be wrong, right Iluver?
I have it on reliable information that silver companies are uniting at PDAC to fix the price of silver at 50.00 over spot and to withhold their production off the market to try to force the CFTC to act to stop the manipulation that is damaging their businesses. If their are any accusations of price fixing the defense will be evidence of futures traders rigging the markets.
ive been buying silver for about the past 6 years now, bought heavily on the 08 dip. wishing i wouldve sold some off at the fitty dollar mark. kinda wishing i wouldve sold some off at the 37.75 mark. im really hoping that eventually silver acts like rhodium did in 08, or even paladium did in 01. after seeing all this manipulation, its hard to believe that chris duanes theory on a dollar collapse or the return to a gold/silver standart again.
I was part of that trading this morning. I can assure you I am NOT a bank.
Might it be that investors saw, what I saw, That the Eu markets, 2 out of 3 were down 2%. Asian markets were down 2 out of 3 around 2%. That is called fear and uncertainty. I am not saying a bank may have helped in the price change, but today, I would probably disagree that the banks are the sole reason.
Your phyz is still there right, so now you have an opportunity in a day or 2 to buy it cheaper. Although save a good chunk of dry powder if Greece goes under.
Dummy
I was at PDAC on Sunday listening to the commodity outlook presentations.
During the gold presentation Jeff Christian came in and walked right by me, I almost laughed out loud, seeing one of the biggest precious metal disinformation specialists up close.
When the speaker, Martin Murenbeeld from Dundee wealth was wrapping up his presentation after discussing bullish and bearish factors for gold (he feels the bullish ones by far outweigh the bearish ones), he was talking about central banks possibly selling gold, and the US doing this.
He said it would be monumentally stupid for any country to sell gold when they could print as much as money as they wanted! (for those with the ability)
The whole room burst out laughing! I happened to look over at Christian, he was the only one in a room of over 500 people not laughing, and looking stern.
After gold I sat through the copper presentation, then silver was next. I noticed for the silver presentation Christian moved to the front of the room almost in front of the speaker, maybe he wanted that position so as to be picked for questions if he had to refute any manipulation information or questions.
These presentations were just the big picture view for the average investor, and to me for someone like Christian who runs a commodity research group they would probably not tell him anything he didn't already know. It was almost like he was policing the silver presentation, but that is probably a little too strong a word. Definitely watching it very carefully.
What's my point? Well, it was kind of interesting to see one of the people behind precious metal disinformation. Also, remember, these schemes are run by people, who aren't perfect, and one day they will make a key mistake which will bring the whole house of cards down.
I've also seen really interesting people there before as well, such as experiencing Rick Rule speak. If you didn't catch this years show I would highly recommend next years.
MrG
Who bought 436,250,000 ounces in 50 minutes?
I still say this attack that started wed by the dollar bugs, is in response to ron pauls questions and statements to bernyankme. Did you see the look in bernyankme's eyes when ron paul asked him if he bought his own groceries?? Then with RP holding up that silver dollar for the WORLD to see. I say AGAIN, the fed HAS A SPY in RP office and KNEW RP was going to say and do that, and just like gw bush screaming and throwing stuff(rumor says)in the oval office when the liberty dollar did NOT have his image on it(and they really went after that guy,remember??)Well, THE DOLLAR BUGS (banksters) are going after the metals, showing the world the dollar is king, but in reality the world is seeing the coruption up close, and buying cheaper phyzz.
"I thought silver was supposed to be like 60-70 dollars an ounce by now?"
By end of March... Give it time...
Still, the best way to think of silver and gold is that silver and gold are the monetary standard. It is the value of fiat paper currency that is fluctuating and ever-changing, ever being debased and devalued by the money-masters.
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold. If everyone decided, for example, to convert all his bank deposits to silver or copper or any other good, and thereafter declined to accept checks as payment for goods, bank deposits would lose their purchasing power and government-created bank credit would be worthless as a claim on goods. The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves.
This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
--Alan Greenspan
(Insert silver as well, wherever reference is made to gold. The real standard, based upon thousands of years of human history, is the silver/gold standard.)
Oh come on. Its easy to see what is going on. The Cartel HAS to hit gold and silver in conjuction with the decline in equities so people dont run to them. I figure they hit gold ans silver 1 more time before the implosion. Silver to $25 gold to $1500. Then Rockets with NO looking back.
Obama gets Scroll of Esther= Document that we will start war March 8th(Purim) War has to come first as a distraction to the Greek bank Holiday March 23rd.
Lets get ready to rumble.
and they just past the nano-second trade rule ....
Doc, use your clout and do something about it... This is highway robbery. You've turned this place into a a red light district... luring people to the site with promises of timely news and then pawning your silver wares.
I LUV PMS what a laugh. Can't stop laughing
ANON @ 12:59, I think that RP's blatant presentation of an ASE in front of BB and the camera's is what this is about, the longer and longer it goes on, using the volatility to try to scare J6P away from it. Let me tell you a secret;
ITS NOT WORKING.
As to what price Silver is when, one may better ask what price the FRN's are trading at?
For me silver is the best of both worlds, enfolding speculative leverage with currency protection, and in the case of CML's and ASE's govt certified wgts and purity. Stack on !!
Whoever bought 436,250,000 ounces in 50 needs to complete te process and cas in te paper silver for phyzz. If all te people wo own silver certificates demand teir silver things will start livening utp in te markets. Question is how to get them to move to that position
Sorry - the 'h' on my keyboard as packed up
Whoever bought 436,250,000 ounces in 50 needs to complete the process and cash in the paper silver for phyzz. If all the people who own silver certificates demand their silver, things will start livening up in the markets. Question is how to get them to move to that position
Awesome article:
http://www.silverbearcafe.com/private/01.11/silverstealers-5.html
PM Investors like to point at Rothschild for the PM suppression most likely because he descends from Jews.
But in the above article, apart from a Rothschild, almost all the names responsible for Pm suppression, save Casper Weinberger, trace their blood lines to England or France.
Rothschild occupies too much real estate on this site but even more on others.
How about more space devoted to the histories of Du Pont de Nemours & Comp. CME Group major holders include Black Rock; Goldman Sachs; State Street Corporation; and General Electric, all Pilgrims Society linked entities.Rothschild, Mellon, Rockefeller, and many other Pilgrims Society dynastiesany , UBS, HSBC, Barrick, Richard Holbrooke, etc.. on why the PMs are so low?
I had to laugh when Ron Paul showed that silver coin to Bernanke. He looked like a vampire looking at a cross.
US Congress passes authoritarian anti-protest law
VIEW IT HERE
The round that Ron Paul was holding up was not a ASE. It was a Silver Circle round. From the movie.
Dummy
All just blah blah. And this has been going on for ever. Paper or whatever - this isn't helpful anymore because it may be in your face.
you people now haven't progressed - its always sheeze look at the number of ounces traded and its paper and its manipulations blah blah.
the next stage you people can't do anything about cause its only the little guys in this silver thing.
Ned and andrew are maybe trying but very naive. The deck is stacked against Silver all the way and silver will go up when the power players want it to go up.
Pathetic pawns
All you simply have to know is that the dollars you work for are controlled not by you but by a select few banksters. Your slowly being robbed in fiat dollars. Precious metals cannot be printed or controlled as mother earth only has so much of it :)
Question for Doc or anyone else who understands dynamics of Comex: I understand that no silver is actually trading hands and the 400+ million ounces traded in an hour is simply paper. What is really happening though? Is this not the banks trading back and forth thru HFT?
If I have 10,000 ounces and Doc and I trade it back and forth 1,000 times in a day....we ould have traded a 1 million ounce - At the end of the day I end up with my original 10,000 ounces.
We all know HFT exist.....I'm just trying to understand why everyone freaks out due to high volume?
Is this not simply a way of creating confusion?
"the next stage you people can't do anything about cause its only the little guys in this silver thing."
Wrong. Buying even 1 Oz of pure physical silver and taking it home is the most patriotic thing that any American can do at the present time. Period.
There is no confusion. PMs have had there day. I just cannot understand why more people don't understand that. Thinking that gold and silver are going to reach the dizzy heights we have read about is just wishful thinking. They are just going to go slowly down.
love bullion at these fiat prices
I'm not patriotic. I buy silver because I'm an anarchist. ;)
Isn't it beautiful when the trolls come a calling.
2 OZ.
lol @ newbs predicting a manipulated market. its as though this site.. and brotherjohn.. and turd.. and the rest.. didnt predict 70$ silver last year all year.. and then it didnt happen.. these arbitrary numbers are just that.. arbitrary price levels based on short term technicals.. when we KNOW we have no control over the short term .. that belongs to the manipulators..
also, ILUVPMS i thought you were done with this site? i wish i knew how old ILUVPMS was.. cuz my guess would be around the ages of 19-24ish. closer to the low end. if not.. then LOL
- runlevel
Funny how the so called trolls are right, but the head in the sand types can't understand that. keep slinging dirt, it won't change the downward direction of PMs.
My guess (2 cents) is Au not going below 1650 and Ag not below 32.
Hey Doc -- How about a frame of Ron Paul showing the Bernanke the ASE as a Caption Contest?
Absolutely. Stacking the smack! What a mugs game. Why buy today when you will be able to buy more smacked silver at under $15.00 in a few months? Under $10.00 next year, smacked even more. Now thats what I call a real smacking, and we will see it. The stackers will be wailing away that no one warned them. Well I did!
@2.48 your guess is wrong wrong wrong.
Hey anon who has left over 20 comments on this site in the past hour about how gold is headed below 1000 and silver below 10. We'll do you a favor and take your gold off your hands for 1200 and your silver for $20. You're entitled to your opinion, but please put a face or a handle behind it and stop pretending this is the opinion of numerous people. We can see your IP.
lol downward direction of PM's.. while silver is once again leading the entire market YTD.. lemme guess youre like my keynsian brother who thinks "YTD Gains dont mean anything!" lol he also didnt know what "inflation adjusted" meant either.
- runlevel
one who laughs last..laughs best..
Since year 2000 to 2011 gold prices increased 6 fold..I have ten years to enjoy my silver and gold coin collection..Then I will sell gold for 13.000 USD and silver 180 USD an ounce in 2022 and enjoy my retirement cruising... I have no rush .time flys by..
I would like to know Sprott's view on this - he will be buying soon.
Funny how people leave comments as anonymous posters bashing the truth. My heads not in the sand but you're a pot calling the kettle black on that one. Speaking for myself I am a firm believer in physical silver, the facts and fundamentals are on my side. If silvers paper price never goes higher than it is today in my life time I'm completely fine with that. That doesn't take one fact away that silver is the best thing money can buy. People who get obsessed with the manipulated paper price won't be in the market for long. Often times they sell, turn bitter like the world owes them something and just start bashing current investors with the same regurgatated rhetoric that all the pussies who came before them say. Offering no facts, just name calling. Get original bro your shits washed up and played out.
T
Hey,
Runlevel, ill post if i want. I was merely stating that Thompson has been wrong on most of his calls.... and using him as a contra indicator is a good thing.. Personally i see a lot of upside for the metals real soon.
Also, with respect with netdania i was correct in assuming it was a glitch since no other platform showed it. The drop that we had recently was shown on all platforms.. how about we drop it.. its water under the bridge.
k
- runlevel
is funny or sad that outrageous predictions of $70 this MONTH are acceptable but a call for $15 is called out by the site owner. This site is becoming against understanding and all for cheer leading morale support.
I wonder if the stock market sell off today is just a bunch of people loading up on cash. If it is I ponder where they will reallocate their cash to in the near future. PM's?
My feeling is when the paper price eventually get crushed the players will regret not holding the actual commodity. I can't help at gasp in awe at the gullibility of the masses that keep pumping money into the comex, only to get screwed again and again.
Hey Isn't the non farm payroll announcement due this week?
Crazy Canuck
Silver(physical) is the death of fiat currency. Silver will be around when the paper will only be good for wiping ur backside. It's musical chairs folks. What will you be holding when the music stops?
Fiat, Pocket Lettuce, paper, green, dough, etc. Sounds like the name has to change to mean anything.
Silver, always silver, color silver, never changes, always durable, easily divisible, can make an electrical circuit, can cure some ills, pretty silver, solar power, very reflective, 1 silver dollar still buys more gas then 1 paper dollar. I think ya'll have no concept of "the real thing". LOL.
Bridge #4 available for rent.
2 OZ.
A LITTLE HISTORY LESSON:
"Only two major countries – China and Spain – were not on the Gold Standard at the onset of the Great Depression in 1929. As a consequence both countries avoided the most negative consequences of the Great Depression..."
"Cheng-chung Lai and Joshua Jr-shiang Gau on the 'Chinese Silver Standard Economy and the 1929 Great Depression'. Here is the abstract for you:
“It is often said that the silver standard had insulated the Chinese economy from the Great Depression that prevailed in the gold standard countries during the 1929-35 period. Using econometric testing and counterfactual simulations, we show that if China had been on the gold standard (or on the gold-exchange standard), the balance of trade of this semi-closed economy would have been ameliorated, but the general price level would have declined significantly. Due to limited statistics, two important factors (the GDP and industrial production level) are not included in the analysis, but the general argument that the silver standard was a lifeboat to the Chinese economy remains defensible.”
ALSO (from Wikipedia):
"The silver standard was again adopted and codified in 1914 by the newly established republic, with one yuan still being equal to 0.72 tael of 90 per cent fine silver. After the Chinese Nationalist Party unified the country in 1928, the yuan was again announced as the standard unit in 1933, but this time the relationship of the yuan to the tael was abolished, as one yuan was now equal to 26.6971 grams of 88 per cent fine silver. In the same year, 1933, while most of the Western countries (especially Britain and USA) had left the gold standard because of the Great Depression, it was said that China almost avoided the depression entirely, mainly due to having stuck to the silver standard. (See Great Depression). However, the US silver purchase act of 1934 created an intolerable demand on China's silver coins, and so in the end the silver standard was officially abandoned in 1935 in favor of the four Chinese national banks' "legal note" issues. China and the British colony of Hong Kong, which followed suit in this regard in September 1935, would be the last to abandon the silver standard. Hong Kong then adpoted the gold exchange standard and the Hong Kong dollar took on the exact value of one shilling and three pence ("1s 3d") sterling.
China's use of silver as a medium of exchange is reflected in the name for bank "銀行" (literally "silver house" or "silver office") and for the precious metal and jewel dealer "銀樓" (literally "silver building" or "silver shop")."
Interesting article ANON 3:53.
2 OZ.
Waiting to buy more. Don't want to wait it to go below 30, it may not happen.
I heard it was sharmon an sharmon who bought all the paper. I also heard that millions of americans are also having there septic tanks pumped out for good. There turning them into bunkers an storage vaults
I just want it to get a little bit below my DCA so I can rid of this pile of cash.
True wealth can't be destroyed. It doesn't matter how high or low PM's go, they will always be worth something. So smack it down all they want, the cheaper it is the more of this worthless paper i can convert for true wealth.
Silver is money, backed by itself...
With trillions sloshing around the system there is no way on earth that gold and silver will go down in the long run. Nothing will as measured in fiat. When the average people start waking up there will be a stampede to gold and silver. No dips caused by selling paper will cause me to change my strategy. change as much fiat as you can into gold and silver. Get out of the corrupt fiat system.
Time is our friend in this smack down.
It's like a bad movie. We want to watch because it is so bad that we can't help looking at it. It's just that bad. Like something from Tobe Hooper or Ed Wood. Not that it means a thing to us. It costs us nothing to watch it. We can leave at any time.
In reality the last smack down was about $3.75 and it took 250 million paper ounces of silver
Yet today silver was pushed down $1.20 and it required such big guns as to move nearly twice the paper traded volume in less than an hour.
This is complete insanity in my opinion, for what it worth. This sort of activity is so outlier and off the plantation as to stagger the mind.
What is the point to this action?
It appears to be a last gasp ineffective punch drunk display of petulant trading that seems to accomplish little in the marketplace; the real marketplace of physical silver buyers.
If it was me buying, I would set up an account with a trader, and Doc's silver bullion site comes to mind, and execute a trade based on Doc's prices, say to hell with the paper traders and go for it.
Right now I am scratching my head to figure out the best way to gather up some extra dry power and pick up some silver sheckels before this opportunity disappears. I'll let you know how that goes soon.
That means 1/2 billion ounces of paper silver silver was bought also. I would bet it is the same people who sold them. Otherwise someone is extremely long.
Greek default on Thursday. Smart money will sell equities and roll the cash into precious metals.
AC_Doctor
Definately apparent that automated buying and selling protocols are generating very similar movements in the price of silver. Too many days of Kitco graphs lining up with the previous day's ups and downs not to appear more than suspicious.
Keep on feeding me cheap silver. I'll buy it at $34, I'll buy it at $30, I'll buy it at $25, just don't call it green eggs and ham and here's a fistful of paper spam.
silver bullet....I am loaded with them....fiat....fix it again Tony! not this time Tony, not this time...shack and stack the smack!
its like hitting a baseball off a tee. are the central banks buying or selling? so then are they working to raise or lower the price?
once they have bought their position and look to become sellers will they work to raise or lower the price to sell?
too simple... if you can't figure it out curse darwin.
Here's a simple test. Place a $100 bill and 1/10th oz of silver in a pan of water. Leave it their for 24 hours and then tell me which one has real value!
I bought last week the day after the initial smackdown - sure, I'd love it if I would have waited until today, but you just can't think that way when stacking. The way the world is going, I'm simply trying to stack as much as I possibly can while my dollars still have value and before it's no longer possible to stack (due to shortages, premiums, price, etc.)
So stack on - personally, I hope they can at least keep the beatdown going until my next payday :-)
Silverstax
Ummm, I thought the Greek Default bank memo that was leaked stated it wouldn't happen until March 23rd. Correct?
In a couple more weeks and then we'll find out if the house of cards crumbles or not. But somehow I believe it'll just involve more printing and can kicking!
Wish the bots can flood us with electronic crude oil supplies
Here's another test. Find anything that gold or silver is made of and try taking your view that it is worth less than the asking price to purchase it. See how long you're holding your fiat after the market closed.
In fact, is silver is only worth what paper trades for, try buying it for that at a real auction instead of at the fixed auction house we all call the spot market.
Maybe if Anonymous had actually been around when we used real silver for money he wouldn't be so full of predictions. There's an old saying much older than all of us. It is more wise to be an idiot than to open your mouth and prove it!
"There's an old saying much older than all of us. It is more wise to be an idiot than to open your mouth and prove it!"
Never heard it in those terms, but... the version I have heard is, "It is better to remain silent and be thought an idiot than to open your mouth and remove all doubt". ;-)
"Thinking that gold and silver are going to reach the dizzy heights we have read about is just wishful thinking. They are just going to go slowly down."
With wisdom of this magnitude, you have surely shorted gold and silver so that you can cash in on what you know. Right?
"Here's a simple test. Place a $100 bill and 1/10th oz of silver in a pan of water. Leave it their for 24 hours and then tell me which one has real value!"
Not bad. Here's another one. Using forceps, hold a FRN and a silver coin just above the flames of a campfire for 5 seconds. You will know which has REAL value by then. :-)
I'm sure there are much smarter and knowledgeable people than me on this site who can answer this question. How long can the PTB (Powers That Be) Keep playing these paper games with precious metals before market forces of supply and demand determine the REAL price of gold and silver? Could anybody help me here?
No one knows the answer to that. If you spend all your time waiting for it your life could suck. It will happen when it happens and it appears to be getting closer. The bankers have to add way more to their shorts to make the price drop a couple bucks. They increased their shorts well over 50% and it didn't do jack shit to the price except go up before this latest all out assault. They're really desperate and throwing everything they've got at silver. Eventually they won't having anything left to throw, hopefully. People on our side are saying they're going to open a strictly physical exchange in China. I'll believe it when I see it but if it did happen it has the potential to be a game changer.
T
The lizard people strike again!
-Tox
bahaha...the silver and gold bugs getting their scales ruffled. Too bad. Do you really think you have a chance against them? Do you? Like immature children, you attempt to build security in your world with a metal. Its almost infantile if you really think about it. As hilarious as that is, then you believe "they" will let you keep it!!
Imbecilic. Insecure. Only caring about ones self before others. It seems you may be doomed as well. One way or another, "they" will get your silver/gold or wealth. I know that better than anything else. But please do enjoy the infatuation with a hard, cold metal.
wow,,,10:01 anon, you speak like a top troll...I am enjoying it chief!
Anon 10:01 - would you rather whore out your wife or flip a couple of 90%ers for food?
For anyone who likes to trade gold stocks, here is the page to show the trend for each GDX components. I sold covered calls based on the analysis. Have fun! http://www.stocktrendcharts.com/trend-summary/gold-mining-stock-trends
It's great to see the silver bears are so numerous right now, it gives me great hope for $100 silver late this year/early 2013. Seriously. TPTB must be shaking the market out and getting long paper again.
Yo Doc
"The Doc said...
Hey anon who has left over 20 comments on this site in the past hour about how gold is headed below 1000 and silver below 10. We'll do you a favor and take your gold off your hands for 1200 and your silver for $20. You're entitled to your opinion, but please put a face or a handle behind it and stop pretending this is the opinion of numerous people. We can see your IP.
March 6, 2012 2:58 PM "
As much as I hate to say it
but if this person is spaming the board
PLEASE block his IP
HE gives those of us who do post Anon
a bad name & are well intentioned
PLEASE we dont need the grief from this troll
"Imbecilic. Insecure. Only caring about ones self before others."
Wow!... This describes the banksters and their minions, as well as all those debt-based fiat 'money' worshipers in the world to a 'T'.
How ironic that a mirror is made with silver, and if the banksters ever bothered to look themselves in the mirror, they would surely see the sad and decrepit condition that they are truly in now.
Who cares about trolls? Not me. They encourage me more than I can say!
LOVING the action this week.
Picked up 9 ASE's Monday. Hopped outta bed today and snagged 20 more! If it's down again tomorrow gonna get another tube....
The sexy girl just keeps looking up at me and saying, "It just don't get no better than this!"
4oz
10:01
It's obvious by your visceral response to the posted thread and forum comments that you feel you have a better way to preserve wealth in these uncertain times personally I'm interetsed in any advice you might have to share with our fellow readers. If you don't believe PMs are a good investment, please share your wisdom with the group. We are listening!
Crazy canuck
Oh shoot! So silver is not going below $10 after all? I'll go buy back all my silver first thing tomorrow.
-Tox
Silver would be $60 -$70 by now if it wasn;t for these paper trading scams, it was up to almost $50 at one point.
starting my stack this week been to hell and back with other peoples PAPER WORSHIP... lost all my wealth,, i had built from say 1990 to 2004 when my ex was exposed as a slot addict (half a million uk sterling pounds) in the slots stolen from myself my mother her mom and pop are kids and the icing on the cake my long suffering mothers last will and testament JUST TO RUb SALT IN THE WOUNDS....even ended up on welfare and in a shelter with my abandoned children
150k house and 50k bank account wiped out in days by a mad slot addict only for police to cover up the crimes due to there own involvement CORRUPT BRITAIN....
well got back from hell met a woman in the same boat (SHE LIVED ON A NARROW BOAT ON THE UK CANAL SYSTEM only for some guy a much older man to try it on with her kids the dirty old skank)
long story short we heavy got into are own food growing and entertainment and built a family outas are scraps we are now both earning and saving up and paying are bills
i have a few lets say under world contacts and have made a few pounds back and have had a calling with silver all my life ,i always pick the good bets
like nintendo shares 6 months before the wii was released BINGO I HIT BIG as all the sony fans watch sony nuke its self AS I PREDICTED IN 2002...
a lot of my nintendo futune was stolen by the satan worshiping gambler but i managed to secure a bit away (didnt tell the staff at the shelter or the welfare or tax man hehehehehehe)
iv had a xalling to silver for many years as a child i felt sorry for the poor under dog metal and wondered were has its value gone
55:1 with gold SORRY were did 15:1 go to im like 12 years old and living on a council est (projects) yet i understood this .iv always been a bright spark...
well im happy-ish we are safe fed and earning but i did loose so much at 36 OUCH 26 i would have giggeled and simple move on ,im 39 now and look 25 and as fit as a fiddle JONNY DEPP EAT YOUR HEAT OUT I LOOK LIKE A KID AND HAVNT USED BOTOX ONCE....
iv yet in MY WHOLE LIFE yet to make a bad investment call (ex wasnt a investment lol just a wakko mistake)and instead of shouting my mouth of about how smart i am
this time the paper crap called money is going were my mouth is and backing this up
i have no mortgage/ no rent/a small affordable weekly pay out and a few repairs and bills just payed....
now im going into silver coin trading on ebay and on a massive silver stacking run always buy in lows sell coins at profit stack the rest like a man possessed,the research and the india thing and china and a soon to come MASS WAKE UP THAT SILVER = PM and not tat will see this GOD MONEY SHINE LIKE NEVER BEFORE
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