Sunday, March 6, 2011

Dont debate Peter Schiff, Ever....you will get owned

12 comments:

  1. I am becoming a true believer now. Right now, Asian market is at 35.98. There has been a couple of big spike trying to push the price down. But it is not coming down. It is either the shorts in Asia getting squeezed or the JPM has no more bullets.

    I think the silver would likely be 36.75 by the opening of US market.

    BTW, if SLV inventory is weird lately. I worry about SLV may get closed. Isn't the video about SLV abnormalities talks about the ETF can be closed if certain condition are met ?! I think there are a lot of options being written for SLV. I bet to kill those option, SLV must die. And with SLV shut, they don't need to audit and they can just keep the inventories.

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  2. JPM has no choice, 6000 shorts in Feb alone, they will keep it coming dont worry.

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  3. dude got crushed by Schiff. he brought a wiffle ball bat to a baseball game.

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  4. I was listening to this live and after the interview I felt bad for the fool... He got straight taken to the woodchipper!

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  5. SGS, if JPM still got bullets, why didn't they do something last Friday. I thought they throw in the towel.

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  6. I believe "pwned" is the correct verb.

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  7. Word has it if JPM didn't short the 6000 in February, price would be at $50. They are slowing the train down...so I suspect moving forward this should start a trend. How they are ever IF ever going to cover is beyond me. Intel says they are short average from $11-13. That deserves a WOWzers.

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  8. I am buying some JPM puts options. BTW, CFTC position limits should be about time. Shouldn't that limit how many JPM can short now ?

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  9. I personally owe Mr. Schiff a great deal of thanks and gratitude. It was his book Crash Proof that opened my eyes to silver, gold, gold money, the dying $ and junior miners a couple of years ago. At the time, silver was ~$10 and some junior miners were only $1 or $2.

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  10. Here comes Blythe on the COMEX! The wild ride is about to begin!

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