SGS, What does 'Elig' mean? http://news.tradingcharts.com/futures/0/4/154416940.html
I believe you often speak of the 'Reg' numbers, and I am trying to get a better understanding of the interworkings of this market.
Thanks for you insight. I am learning a lot.
Also, Im sure you've seen this but thought I'd share it: http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WAREHOUSES%20REGISTERED%20SILVER&etfcode=COMEX%20WAREHOUSES%20REGISTERED&etfcodecom=SILVER
One more thing... could an individual simply buy some CBOT or COMEX silver futures contracts and take delivery (in theory)? Why is getting a large amount of silver through a dealer a better way? Thanks pal.
Today's price action is NOT GOOD. We could see a correction here. I don't know what's going on behind the scenes but you can bet they are busy. Here come's the Two O'clock Fucking hour too. It could get worse today.
The price of silver should be over $40 and even $50US by now. This is total bullshit!
Don't get excited too much if SILVER pulls back here as they artificially run the US Crap Dollar up for a week or so. It's a buying opportunity for real bullion.
Looks like a high 35.00 FRN's/oz to low 36.00 FRN's/oz close today, then when BM gets a hold of it on the GLOBEX, I expect a run down to mid 34.00 FRN's/oz. The we reset, Asia gets their hands on it and whoosh off it goes again. Just my .02 FRNs
preciousmetalsnews, Thanks for reply. I understand that it means Eligible and Registered, but I am trying to learn what the difference between these two terms is with respect to the physical silver on site.
All I know is today's price action was very lame. Looks like the chart painters are going to paint the dollar higher now so that could give a little "buy the dip" dip here. Take advantage of it and buy some bullion.
I'm going to buy bullion until I run out of fiat money. And then when I need money I'm going to sell metal. It's that simple. So far I haven't needed any money and I'm still buying.
This week is just getting started so with all this erratic behavior it's all too soon to call a trend here. But I am still expecting higher and tonight I'm not watching this so now it will dip and I will miss out on a buy opportunity. Oh well.
please give more concrete reasons for pm price dip...oil OI rollover, dip into sreserves, something, anything, all this schizophrenia is making me nutty! aaahhhh. :)
SGS,
ReplyDeleteWhat does 'Elig' mean?
http://news.tradingcharts.com/futures/0/4/154416940.html
I believe you often speak of the 'Reg' numbers, and I am trying to get a better understanding of the interworkings of this market.
Thanks for you insight. I am learning a lot.
Also, Im sure you've seen this but thought I'd share it:
http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WAREHOUSES%20REGISTERED%20SILVER&etfcode=COMEX%20WAREHOUSES%20REGISTERED&etfcodecom=SILVER
One more thing... could an individual simply buy some CBOT or COMEX silver futures contracts and take delivery (in theory)? Why is getting a large amount of silver through a dealer a better way? Thanks pal.
whats PDAC ?
ReplyDeleteI'll go with you. I want to knock some heads off too!
ReplyDeleteToday's price action is NOT GOOD. We could see a correction here. I don't know what's going on behind the scenes but you can bet they are busy. Here come's the Two O'clock Fucking hour too. It could get worse today.
ReplyDeleteThe price of silver should be over $40 and even $50US by now. This is total bullshit!
Don't get excited too much if SILVER pulls back here as they artificially run the US Crap Dollar up for a week or so. It's a buying opportunity for real bullion.
ReplyDeleteI have no idea on price for the pullback.
Looks like a high 35.00 FRN's/oz to low 36.00 FRN's/oz close today, then when BM gets a hold of it on the GLOBEX, I expect a run down to mid 34.00 FRN's/oz. The we reset, Asia gets their hands on it and whoosh off it goes again. Just my .02 FRNs
ReplyDeletehttp://www.pdac.ca/
ReplyDeleteWhat does 'Elig' mean?...
ReplyDeleteEligable.
So delay on Encanto RE I see. I take it you view this as a buying opportunity?
ReplyDeleteThe problem is there's a difference between 'the truth' and 'the news'. No truth in the news; no news in the truth.
ReplyDeleteWhat a mess!
Guy - Im wondering about Encanto...looking forward to hearing what SGS finds out at PDAC.
ReplyDeletepreciousmetalsnews,
ReplyDeleteThanks for reply. I understand that it means Eligible and Registered, but I am trying to learn what the difference between these two terms is with respect to the physical silver on site.
Anybody know what happened to Keiser's Andrew Macguire bombshell?
ReplyDeleteThe Andrew Macquire bombshell? Maybe it was a "false flag" event?
ReplyDeleteThe only things I'm paying attention to are what is actually going on right now. Everything else is FLUFF!
@ newsunit, I guess we put that one in the same folder as Assange's release on Bank of America?
ReplyDeleteAll I know is today's price action was very lame. Looks like the chart painters are going to paint the dollar higher now so that could give a little "buy the dip" dip here. Take advantage of it and buy some bullion.
ReplyDeleteI'm going to buy bullion until I run out of fiat money. And then when I need money I'm going to sell metal. It's that simple. So far I haven't needed any money and I'm still buying.
This week is just getting started so with all this erratic behavior it's all too soon to call a trend here. But I am still expecting higher and tonight I'm not watching this so now it will dip and I will miss out on a buy opportunity. Oh well.
See you tomorrow. Might hit $40 this week yet.
please give more concrete reasons for pm price dip...oil OI rollover, dip into sreserves, something, anything, all this schizophrenia is making me nutty! aaahhhh. :)
ReplyDeleteGo ask Elmo.
ReplyDelete@tom,
ReplyDeletethe bombshell was the news that Andrew has started a newsletter service...
sad, very very sad...