"The Decade of EPIC Begins"
SGS, you waiting to buy or are you in?
lol the $US dollar is up .13 cents. LOLIm in.I see $46 by morning
not funny. im pissed!
Dude, you hafta buy. Watch the last bears video...
I told my self awhile ago I was not going to buy any more. Just outta principal I had to buy the fucking dip.
That was awesome.
Look at gold. This is some obvious manipulation and these tools cannot keep it down. This is a sale at their expense.Down with the Morgue
Fat finger ?
What the ?! Is this the asian markets?
I believe Australia was the only market open when the fit hit the shan.
I hope the dip sticks til the us markets open. That way when the miners plunge I can get all in long.Consider it a gift.
Clear manipulation by JP Morgen. And obviously this is computer algorithms, humans couldn't do this. Damn I fucking spent 3'000 on 48.50....what a fucking dumb ass I am! I bought to early. shit shit shot shit shit shit. god damn it!! Somebody tell me I wasn't stupid....I just lost like 3 thousand dollars.
I am sooooooooo fucked........ margin calls in the morning for sure.....
Nope, its a holiday there. The only market open right now is NYGlobex. Sydney starts up in about 30 min.I know for a fact those JPM f***ers read this. They are in on a Sunday cheering right now. Losers. Just wait until the sun rises my friends...K
Haha, this is funny. What just happened...? I'll be happy to fill you in. It seems as though My Little Blyght was prego and she didn't even know it. Right when the Asian Markets opened her water broke. Boy was she surprised. She is sure to abort this baby; this will all be over by morning and she will be back up to her old tricks. Sorry this is so short but I have to run, I have a call in to one of the producers from the show "I didn't know I was pregnant". I am hoping to cut a deal. BTFD - Blyght Tickles Ferocious Demons.
SGS - LOLCock suckers have connections in Australia - duhh!LOL - Fuck I wish I had $10K
Randy: This is why we buy big long RED days, not $48's! I cant wait to buy 1000 calls in the morning. Thank you for this glorious gift sent form the heavens.
LOL. Jamie Dimon whipped out his dick and cock smacked the price of silver down. I hate him.
Well....a hard lesson learned....no shit, if I would have invested now and waited I would have earned like 5'000 dollars. jesus now I have to wait until 60
We have already climbed back over $2.00. Sigh. Not gonna have a chance to btfd at this rate!
SGS, I have a futures, options, etc account with PFGbest but have no real knowledge of how to trade options. when you say you are buying 1000 calls what are you referring to and how can i play?
Y'know any fool can knock silver down in thinly traded markets but this is the move all the vultures have been waiting for. This is the blood in the streets moment. This is the last chance for the shorts to try and get out without losing their second villa in St John's. We were waiting for a knock down. It's here. Embrace it. Love it. Now stop crying and go buy some silver.
SGS and anybody else,Is this the final assault before we push past $50?WTF just happened???? Silver dropped 5 bucks in a matter of minutes. How the hell did the JP Morgue manage that? Time to load up tomorrow morning.
Ok... Louis... screw the margin calls. I just bought some more maples.
Ouch there goes $20K!
CME Raised Margins by 75% Friday Afternoon:In what could be a precursor to much higher margins at the Chicago Mercantile Exchange, MF Global on Friday raised its margins on one contract of silver from $14,513 to $25,397, an increase of 75 percent. http://www.cnbc.com/id/42828370
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When will gold come down ? I want to buy some Gold kangaroo also. They are pretty nice. Each one comes with an individual encapsulation.
This could be the biggest gift of 2011. If we open below 44 tomorrow, I'm going all in with $50,000 I've got stashed for just such a moment.
It's already getting back close to $45. This is really scary. APMEX paying 3$ over cover? Listen, the sheeyat is going to explode.And let me say, if Silver/Gold is this volatile, imagine what can happen in the market.
Was this JPM driving the price down in an extremely low volume market (holidays everywhere) so they could cover their shorts at a lower price?
rough rice looking like a nice trade.
I'm relatively new to this, but I just completed a purchase of junk silver on Ebay and clicked the chart. Did I start boo hooing? Hell, no. This is exactly what's been predicted here and what we want to happen. Take every ounce you can off the market right now. This is a win.
It's manipulation of the worst kind. The only thing that could push the USD or silver/gold much higher would be a "back-door" deficit/debt-ceiling deal.And lets be clear. Austerity will fail, because there will be chaos on the streets.The party is ending..people do not see the end game. Unless Bernanke doesn't prop up a new successful "austerity-bubble", the downward spiral begins.These kind of moves are scary, and are the things that "Jim Rogers said he fears".
frrrrrrrrrzzzzzzzzzzzzz, I think I just shit my pants...
Was this JPM driving the price down in an extremely low volume market (holidays everywhere) so they could cover their shorts at a lower price? I guess, but they also covered at $47 too, so I have no fucking clue what this sell off is, we may see over $50 this week, got that funny feeling someone needed to cover before the bombshell is released.
Silvergoldsilver, I agree 100%. There is big news somewhere..whether concealed or revealed, it's there.My guess is that the silver will react to the debt-ceiling outcome.
The average shitstain is crying in his soup 'cause he just lost $20K per contract in 25 minutes. Real men are buying all they can on nights like this. Be a pussy or be a man..you decide!
Like the bears say, enjoy the summer and btfd (buy the fucking dips.)I truly love this! We are now down only 7%...
USD under 73? May see a rise in morning?Dollar Index Chart
This is pretty scary... USD was up big time against AUD, NZD and other currencies. Now, most of the other currencies have regain the lost and making gain agains USD.Start thinking getting out of paper and move into physicals completely......
Spent the weekend discussing scenarios and charts and we were all pretty much in agreement a sideways / down move was in the charts. Waterfall was not in the charts. Margin hikes. yawn. Dead donkey bounce in the dollar. yawn. Nope there is only one scenario that covers this and that's manipulation. Running of the stops. This is a Hail Mary pass by JPM and associated idiots. Unless they shook out a LOT of week hands they have only dug their hole deeper with people waiting with stink bids.As I mentioned 20 minutes ago the vultures will step in and it looks like they are. Santa warned and told us for years to expect this sort of volatility and not to play on Margin that you can't afford to lose.So you gotta ask yourself why are you buying Silver?
SGS, nice penis man.
It appears that the sudden drop was due to the forced liquidation of the accounts that did not post enough fiat on their accounts from Friday's latest margin increase. Because they didn't cover the increase in margin requirement, the Comex liquidated these positions on the open of the Globex. Most likely this was planned well ahead of time knowing that the markets would be thinnly traded and a holiday for many parts of the world. The EE knew this would be the perfect setup for the biggest price drop.
We are looking at history in the making fella's...Something to tell the grandchildren.
pissing and moaning because you are stuck with silver...or are you playing the shit paper game...if so then you haven't been learning anything here..hard assets will prevail all others are just a number made in DC...get physical or get fucked by paper
This is going to be a VERY interesting week
i guess i'm glad i don't know too much about the options play... it would f'n suck to lose 20k in five mins... sorry to hear. buying physical is the only thing that makes sense to me. i own mining stocks but i hate those as well and will probably exit sooner rather than later.
http://www.huffingtonpost.com/2011/05/01/iran-saudi-arabia_n_856001.htmlIran warns Saudi Arabia actions will result in unrest at home.A la Lindsey Williams, we are about to start the final inning. Use this dip well, because from here in we are looking at $200 Barrel oil and $100/oz silver, $4000 gold.Get your food/guns/bullion and get the fuck out of major cities.Expect silver/gold/oil to rise very rapidly here on in. They have just about exhausted all there ammo, the lid is about to blow open.
Just watch the bitch rise. It's hard to keep a good metal down. Sorry guys, but Silver is such a good bet that it will always rise. Some day soon some rich bitch will take her for a $20 spike and all hell will break loose!
@Louis CypherSo are you saying you think we are in blow out phase of possible correction or bubble?
Curious is the metals rally hard from here. If they do, it will strike absolutely fear in hearts of the monetary authorities - they will have lost control
Frack off ... I just tried to order from Gainesville. TWICE my credit card (chase) got rejected "by their merchant processor". Order not complete, but my account has been charged and the amount was refunded into my account 5 min later! Looks like either Gainesville is over run OR JPM doesnt want me to spend my wage from friday the way I want ...
Here comes another chance to buy a lower dip. It's supposed to go down around 37.00 if you can believe that. I don't really know the future I just sit here and listen.
Horseguy,On the one hand ... blah blahFirst off I am just some anonymous dude behind a keyboard who is an admitted degenerate gambler so assume the same for everyone on the internet. I think we are in the early stages of a major Silver run. This is another point where the weak hands are shaken loose. There is a reason I sound relaxed and cocky and that is it would have to hit $16.50 before I started cursing myself so I may have a different perspective. I cursed myself when I didn't buy another monster box at 21.50 because it was an obvious breakout. At the same time when Silver hits 30:1 ratio with Gold I MAY trade in 25% of my stack for Gold. When it hits 25:1 I MAY trade 25% of the remainder. Depending on the weather I may let it ride all the way to 10:1 or trade the rest at 20:1Long term I expect Gold to be the winner.Long term assuming no world wide melt down I expect Palladium to trade above $1200.I want Silver to trade sideways this week. I don't want to see it above 50 this week. I want it to consolidate before pushing through 50 and hold there just taunting Blythe before heading to 60 and 70 etc.
I think Weather UNIT is making shit up that can't be proven otherwise to try and gain some of his credibility back...we shall see lol.
This weekend is special in that LME will shut down on Monday for some holiday over there meaning Chinese billionaires at LME cannot BTFD while they can skin the sheeples here @ CRIMEX to short-cover their deep water naked contracts.
"Here comes another chance to buy a lower dip. It's supposed to go down around 37.00 if you can believe that. I don't really know the future I just sit here and listen. "Please point to ANYONE that has EVER said that on this blog weather unit.
just wait till JPM jumps sides and goes long as soon as they have covered all the shorts they can.
For those who knows about the commodity future trading, please help me to understand this. If margin requirement is raised, won't that also affect the one who short or sell contracts ?TIA
sierra, JPM has a fuckload of contracts to cover before those assholes go long and they aint gonna do it in this thinly traded clusterfuck of a night. $50 coming this week!
@ coconutrumplus Morgue has endless supply of FIAT junk from FED's guarantees to meet whatever margin requirement out there so it ain't hurt them.
I bought 3 hand poured ounces from Monarch Precious Metals. They still have a decent supply of physical, imo. Go visit em and do your part!I wish I was affiliated with MPM, but I'm not. They have up front prices and fucking fast shipping.Keep stackin'
......Developing.......Osama Bin Laden is still dead. He has been killed again in a drone strike in Pakistan.
Tom H:Yep, he supposedly was killed, and now the ZOG can nuke the shit out of an European city as they like and promised if silver contacts $50 again.I just hope they not pick my city.. ;)Most probably, a 1 Kt will hit a smaller city somewhere in the southern France. (Montpellier\Marseille is a good guess).Im glad I sold at 49.4 and restarted a first Martingale at 48.3, gonna play it pretty safe now though, can easily go down $4 the coming three days.BTFD with 40% if you can, anyone with a different perspective?