Tuesday, March 15, 2011

Nothing like a 6% drop in Silver

THE ONLY COMMODITY BEATING SILVER DECLINES RIGHT NOW IS SUGAR. FUBM.

Look at the $US chart. Then compare it to silver. We should bounce here off $33.50. I guess we are at 30% of David Morgans prediction in last 10 hours. This is noise to me. Remember that Bahrain and Lybia are still on fire. The only thing that may be green today is TINKA (I hope) and Netflix (LOL-Im not kidding look at it).

The picture below explains exactly whats going on today, study it, stare at it, and get ready for the 3rd inning.

24 comments:

  1. SGS , Do you think we can go to 28 $ Jon says ?

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  2. we can go to zero, but then there wont be any physical to find...this is what we have been screaming all these months that their will be a huge disparity between real physical demand and spot JPM pricing.

    GOT PHYSICAL?

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  3. APMEX should be emptied of 100 oz bars sometime today.

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  4. Truth SGS. I can't believe people give a shit about the price when it comes to buying silver. The only thing you should care about is can you get it. If you're freaking over the market action today then you don't have enough physical and you're too into the paper market.

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  5. Blue Light Special on stocks and silver today baby!!!! If the Comex wasn't at risk of defaulting before, they are now. I would like to thank all the paper holders for making the physical that much cheaper for us today, you fucktards rock!

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  6. SGS,

    I think this has little to do with Blythe and more to do with overall liquidation. Liquidation of the market can be irrational. Having 'lived' through the 2008 liquidation, my suggestion is to hang tight. Things cold get ugly to the downside rather quickly. This is not your run of the mill crisis in Japan.

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  7. this has everything to do with Blythe. Why isnt lumber, cocoa, cattle, gold, coffee, cotton and lean hogs not down 6%

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  8. If physical silver can be bought for lower prices despite all the shouting about "masses of paper and no physical"

    Then logic would say there IS physical Silver available and it CAN be easily bought.

    How can you buy something "cheap" when we are told by anyone with a megaphone that there is a scarcity.

    Doesn't make sense.

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  9. Maybe a new player on the floor:

    Physical lead might be a good buy, as inflation hedge and as a life hedge if you stack it against your walls. (Lead is one of the best materials for absorbing radiation)

    http://www.metalprices.com/FreeSite/metals/pb/pb.asp

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  10. Wow... I just saw some HUGE buy orders go through for some silver miners. Watch the smart money... They are buying this coordinated sell off - and it WAS and IS coordinated. Hold your silver physical and your silver paper.

    Dump your QQQQ and pile into the silver miners...

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  11. http://apmex.com/

    APMEX is overwhelmed.

    SERVICE UNAVAILABLE

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  12. George you are about to see a buying velocity you could never imagine

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  13. Lets get PHYSICAL, PHYSICAL, I wanna get physical...off to the bullion exchange...GLEE!

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  14. I hope your right silvergoldsilver as I've got a number of 1000 oz bars.

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  15. looks like the silver sale is here. i love picking up silver on the cheap. how low do you think it will go?

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  16. Paper silver to zero and no physical silver available!! Scorched earth policy!! Typical of rat bastard bankster fraudsters!! Get ready to goose step in the 4th Reich!! ROTFL! Got physical?

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  17. The drop in actual physical price at the dealers is not commensurate with the drop in spot price over here (UK). Is this a sign of trouble?

    I was able to obtain silver cheaper when it was at 35 spot. [yes, I also pay 20% VAT on silver bullion -- I got over that ages ago]

    Is anyone else noticing this?

    Silver, get physical.

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  18. SGS,

    I think at least a part of it is ignorant traders overleveraged and getting margined out. Greed ban be a bad thing at times. This is why Sinclair detests trading on margin.

    No doubt BM takes advantage of tight stops and overleveraged traders. This is just part of 'good' execution on her part IMO. The trick is to take advantage of these buy leaving powder dry - be a little less margined than the market and you'll be able to pick up some good deals. My two cents...

    JFC

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  19. Apmex overwhelmed????

    Just use www.apmex.com

    instead of apmex.com
    and there is nothing wrong

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  20. Silver has made quite a bit back already and it's quite impressive to see how strong the move is. So t'cut a long story short: Nothing's changed. Silver is still up and running and when the dust settles, all the sheeples will understand that selling just everything in panic was not that great idea after all.

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  21. After seeing the world practically go to hell and Silver recovers this fast, I am further convinced that there is no reason not to buy whenever you have the money and as much as you can afford.

    The filthy mouthed bears we love so much were right.

    BUY THE FUCKING DIPS!!!!!!

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