Tuesday, August 9, 2011

Fed to Keep Rates at Record Lows at Least Through Mid-2013


Click here ...

and this I spotted on the T/S of SLV at 3:30


Thats a large print. Thats it. Just a weird print at the lows.

70 comments:

  1. So, are the markets gonna tank?

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  2. Looks like the Dow is trying to close over 11k. I do not understand, then again, I'm just a pizza guy.

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  3. @Johan: I think so. The dip right after the Fed minutes were released was bought by some traders looking to make a quick buck. Once they sell, we're going to have a waterfall moment. I should have covered my shorts and repositioned, but decided to get greedy. Bah... What amazes me is how the Qs are leading this mini rally. The index with the most worthless shit is getting lapped up like sugar on a hooker's ass.

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  4. We're still in a 11 year secular bull, and markets overshoot in both directions. It's gotta happen eventually. I wonder who is propping up BAC and C today...? What bullets are left by anybody?
    Inflation adjusted P/E10 http://www.multpl.com/

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  5. Fuckall. I don't know what the Fuck is going on, this system is screaming Last Call and I bought an assload of gold to go with my truckload of silver. I don't trust anybody, anything except ZH, SHS, Glenn Beck, and the Turd. None is perfect, they all have their imperfections but I think all of them are at least TRYING to grasp for truth.

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  6. And No Agenda. In The Morning to you all.

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  7. Wow, PPT is going bizerk today. What a crazy market. Algo's overloaded my trading platform half a dozen times today. Squeezing the shorts, sucking in the chart chasers and then an epic crash tomorrow? They're trying to get gold and silver to sell off.

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  8. Tinka - Don't think we've seen the short term bottom yet. I have my finger on the buy trigger... looking for $0.35US one more time :-)

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  9. WTF just happened to gold and silver?

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  10. Whoa! Major short squeeze! Glad I got out of SDS yesterday. I might go back in in a few days though but only in my IRA. I'm going to take the money I made from SDS out of my general trading account and buy 100 oz. of American Silver Eagles and some 90% junk silver. That will be the biggest purchase of silver I've ever made. I typically can only afford 15-20 ounces at a time.

    The picture in this post makes me laugh!

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  11. Did you guys just see that! refreshing to see another buy op approaching...

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  12. WTF? 1.5M shares of SLV @ 37.37? Is that a joke from JPM? Now that's manipulation ...

    And the stock markets sky rocketing?

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  13. JPM stock about to take out Silver price again! Fuckity fuck!

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  14. I had every confidence in my prediction, just didn't think it would be so soon.

    Ledbedder said...
    @PaidInGold: although JPM has seen much lower prices not that long ago, keep in mind that JPM is the whore of the Fed. But even a paid whore can expect some pleasure from the encounter, so they will be the first ones to get a cash infusion. After the dust settles, we are going to see one helluva snap back. I wouldn't be surprised to see 300+ days on the Dow. They will only allow so much blood to be in the streets before they do something, whether publically or privately. If you're just buying some puts for the heck of it, and you can afford it, I say go for it. It has more to fall, no doubt. Just haven't figured out how much yet. Good luck

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  15. Wasn't quite how I expected it to play out but I thought there was a chance for a gold dip along with an equity rally which we got. Fuckin' silver though, didn't expect to see it get smoked if we're back in "risk on" mode. This bitch is pissing me off.

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  16. @IslandStyle: "trying" to get silver to sell off?! They did a damn fine job today!!

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  17. have to laugh, gold rises to 1770+ then rug pulled ... go buy some silver today

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  18. Im changing the blog name to sugargoldsugar

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  19. Right on the money:

    "Right now, there is barely time between the flood of phone calls and customers in our store to prepare this column. Almost every buyer today is going for silver.

    The U.S. government and its trading partners have been largely absent in trying to restrain rising gold prices. I’m sure they have their hands full with sharply weaker global stock markets.
    .................
    .....................
    Today should be a key day in the decline of the U.S. economy. At the Federal Reserve, the Federal Open Market Committee is holding its regular meeting. Normally during such meetings, the U.S. government and its trading partners manipulate the markets to support stock prices and the U.S. dollar and to suppress gold and silver prices.



    http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=22795

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  20. LOL @ SGS

    If silver drops to $36 we can be assured that 'Wynter Benton' is going to bust the Crimex...lol
    http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_J/threadview?bn=10073&tid=400644&mid=400644

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  21. SGS - that print is a cross from the broker side. Regular clients cant do in 000's of a penny, which is why you see the .3731 ending. Client wanted that many shares of SLV, broker found a seller and matched, boom. Nothing there.

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  22. plan the work...work the plan....that is to get you to buy treasuries....this market goes to 9000
    in September....

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  23. Patience. Nothing has changed. The equity pig just regained it's footing before falling face first into the mud again.

    Gold needs to get back to 0 on the Macd. WAY to extended. I hope we're around $1700 for a few weeks for the healthy of the long term trend.

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  24. Wow i kant spel good all. Dam.

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  25. Can someone explain the action today as though you were speaking to a retard? I don't understand how/why the market shot up they way it did given the Fed's statement.

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  26. Silver Miners up 7%, silver down 4%. Wait, I just saw a pig fly past my window!

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  27. Agree with Dr Durden.. would like to see a small correction.

    SGS the commenting system here sucks. I have to go through 4 screens and 2 captchas just to type a fucking comment.

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  28. ^Algos went crazy, that's what happened. Markets really broke out around September-October last year after the Jackson Hole announcement of QE2. We broke support today, but I'm guessing the algos decided to go for a bounce play. However, in order for the market to even think about going any higher than a week ago, it's going to have to revisit today's lows to establish support. Otherwise, I doubt the confidence will be there. If you're caught short, I wouldn't really worry.

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  29. Stay strong brothers and sisters. Remember if these fucksticks weren't smashing the price we wouldn't have got silver so absurdly cheap and thereby our freedom.

    SGS I laughed so hard at the bernank/obama pic I spit up a mouthful of cabernet all over my scree. damn.

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  30. @Heward, I think it's called Executive Order 12631 - Working Group on Financial Markets

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  31. There's no reason for gold (or silver if it were taking off) to need to correct downward. The fact that it has been suppressed for 2 decades means the path of correction should be straight up. Considering inflation alone Gold should be $4-5k an ounce at least.

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  32. @Heward - It did what it did because the system is fucked. Plain and simple. Dont worry your head about it too much.

    @To Whom It May Concern: "Should I buy silver now, or wait for the dip... Should I, Should I, Should I..."

    JUST BUY THE FUCKING PHYSICAL WHEN YOU CAN. SPOT PRICE MEANS NOTHING. IF IT DROPS RIGHT AFTER YOU BUY IT, BUY MORE. IN THE END, IT WONT MATTER IF YOU PAID $37.44 or $47.44 or $144.44/oz. SILVER WILL HAVE ITS OWN PURPOSE WHEN THE TIME CALLS FOR IT, AND IT WONT BE SO YOU CAN SELL FOR A FIAT PROFIT.

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  33. Wow! I guess this drop in price means that they must have just suddenly mined a lot more silver bullion from the ground! I mean Uncle Ben says price is based upon supply and demand .. right?

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  34. I just deposited a cup of sugar into my fucking Bank of American just to fuck with them. Now my balance reads 2579.47 and a cup of sugar.

    thanks sugargoldsugar

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  35. I'm looking for a bounce tomorrow/tonight. Not sure how long it will last. Here is why. Go to your charts that you can draw a trendline on. Connect the intraday low of 8/1 to the intraday low of 8/5. See what hit it? It hit today's intraday low. I call it the "3 hits". When the 3 hit hits, that usually means a counter move happens. AGAIN, I don't know how far it will go up. This market is a bitch, named Blythe. Just thought I would plant a seed. Not to mention it completed & went past its 50% retracement of the current move. Didn't quite hit the 61.8%. I would LOVE to see it go down to somewhere near 36.86 & then reverse.

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  36. Go back a tad further. Draw a trendline starting at 6/3 intraday low. 6/13 low. Had your third hit on 6/14. What happened? An $11,750 per contract move before heading back down (with a gap by the way, that we all know "needs" to be filled). So, you get stopped out you wait. Erase you old trendline. Now you, connect the 6/13 and 6/14 lows & wait. Guess what, price hits it on 6/27, and goes a tad too far, Blythe was on the rag. BUT, it quickly turns around, consolidates for 4 days & start a very nice move up. Goes to an intraday high of 41.47 before you might consider putting a tight stop in, because you know history. Say, you get stopped out at 39.30. Well, you went long right around 33.50 +/-. So, let's do the math. That is 5.80 x $5000 or $29,000. So, it broke a very mini trendline on 7/28. So, that was showing some weakness. Again, at this point, I have no idea how weak, but just showing that it is weak. Consolidated/rose for about 4 days, then the big Blythe fist with no lube happened. Now, there is no doubt the shit is about to get real. I look for intraday lows that are "obvious" at least to me. and they were on 8/1, 8/5 and 8/9. Three hits & that is why I am expecting some sort of rally, even if it is short lived.

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  37. If even anyone cares, I am not going to answer any questions, even if you truly want to know. I have 2 points, yes, if you know what to look for Technical analysis still can work. Secondly, I want to be on record. If I am wrong, I will eat that gigantic dog sh!t sandwich & take it like a man. Never claimed to be 100%. But if I am correct, it is just some personal satisfaction.

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  38. It's really fishy that the two banks who are shorting silver the most are also promoting Gold. Check this headline out:

    title: HSBC raises its 2011 gold forecast 4.2% to $1,590/Oz

    http://cnbusinessnews.com/hsbc-raises-its-2011-gold-forecast-4-2-to-1590oz/

    Something does not compute here.

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  39. I'M ALL IN... JUST BOUGHT SEVEN PALLETS OF SWEET BRAZILLIAN SUGAR FROM SAM'S CLUB.

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  40. Federal Reserve 2011: We are holding rates down until 2013..

    Federal Reserve 2012: we UNEXPECTEDLY HAVE TO RAISE RATES.

    DON'T BUY THE LIES. Higher rates are coming.

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  41. Don't know of this has any basis in reality or not, but I heard a theory that basically said that one way to keep gold in check is to manipulate silver due to the gold/silver ratio. If that was the case, that control mechanism appears to be broken now.

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  42. Hey Ledbedder,

    Nice analysis, I can actually follow it!

    Thanks

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  43. MY post at 5:56 sounds arrogant, but I don't want to erase it in case someone thinks I am hiding. I should have stated it something like this: "if anyone has question, I cannot answer it here because it is years of technical analysis. If interested, I suggest you find a good book on the subject". I was not trying to be an ass at all. But, eating the gigantic dog sh!t sandwich and everything thing after that can remain the same :)

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  44. Dylan Ratigan Is Mad As Hell

    http://www.themarketguardian.com/2011/08/dylan-ratigan-is-mad-as-hell/

    He get brutally honest and calls out the banks, the president, congress, trade and tax polices.

    See the 5 min mark!

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  45. And the Gov spin starts, Dumbass Obama can't blame enough people for his spending so now the spin starts and let's not make this about the out of control spending let's blame the credit agency that downgraded US.

    http://redtape.msnbc.msn.com/_news/2011/08/09/7321296-was-sp-downgrade-an-act-of-revenge

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  46. Wow... Sydney actually buying Silver right now??? Yup...bizzaro world indeed. Were almost up a dollar in overseas trading now... Silver gonna catch a nice ride up tomorrow. Gold moved so fast that its little sister is still putting out the fire from the burnout left at the starting line. Silver will be above $40 by weeks end. Gold will stick around $1720-$1760. Silver is just now playing "catch up". Every country except the US knows silver is money, but the fluoride and barium in the water systems here have destroyed any logical thought process in the American mind. Sad to see, but at the same time, I know that when SHTF, these fucks will be scrambling to get food, water, and guns, but people like us, well, we took care of that yesterday.

    Remember: Their lack of planning does not constitute our state of emergency.

    Fuck em all.

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  47. Currently:

    CUZ11 @ 697.25
    WZ11 @ 715.50
    SX11 @ 1312.75

    Still not done going down

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  48. Head: I know exactly what that is lol, just wondering the time factor in there and then the slam right after it printed.

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  49. Gold/Silver ratio at a staggering 45+/1.

    50:1 is coming.

    http://silver-and-gold-prices.goldprice.org/

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  50. @whiskey six - back in early 2009 when I went all in S/G ratio was 70, now its 43. I'm not sure TPTB even pay attention to the ratio. But in the three years I've been watching the metals, this is the strangest action I have seen! The good news today was I received a credit card from Citi with zero percent interest on purchases for 21 months! This bitch of a market won't be around that long! Going to go load up again on the phyzz. Also wanting that 30 cal AR to keep my M1A company in the safe!

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  51. @PaidInGold - What up homie. When I saw WU was allowed to post, I came back, but I am waiting to see the new site, so we can get down to business... and yes, the AR, Mossberg, and .40 cal. are on standby. When that USD index blows under 70, its gonna get thick.

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  52. bought a tube of ASE today, $814, local guy .... he was low on them and maples, hardly any left ... said people been coming in hard buying gold and silver last 2 days ... honest guy

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  53. David Morgan Gives Range of Silver from $5 to 75

    Looks like Morgan said "We can see the next leg up to $50, but it is possible that silver could go as low as $5.

    Looks like Morgan has covered his ass. What kind of lousy analysis is that?

    Why didn't he just go all the way down to a fricken buck.

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  54. If silver went to $5/oz, the physical would be depleted in an hour.

    Oh yea...David Morgan is a douchebag.

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  55. If silver goes 5$/oz APMEX will charge you 40$ premium (or more) for each OZ they sell. That's how free market works.

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  56. @Rui
    Your correct, you can have $5 silver but lets see you buy it at 5 bucks

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  57. I think Morgan meant it can go down 5 dollars to 32-33 not down to 5 dollars..

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  58. @Malcolm: what are some times best to reach you here? Do you have a regular come by? Maybe something after 5 or 6 eastern? I have a reason for asking.

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  59. @recaptureamerica:

    http://community.nasdaq.com/News/2011-08/david-morgan-75-silver-looming.aspx?storyid=89621

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  60. @Ledbedder,

    Im on PST. So I get on around 7am my time, until about noon. Then return sometime in the afternoon around 6pm.

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  61. hey, quit horsing around with that sugar and just dump it into your branch managers gas tank.... it'll do a lot more good in her tank than in your lousy bofa account. >:-}

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  62. since when does sgs sensor posts?

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