"The Decade of EPIC Begins"
Highly educational Jim Rickards @ KWNhttp://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/8/6_Jim_Rickards_files/Jim%20Rickards%208%3A6%3A2011.mp3
Excellent video, thank you!
I really like this guy! Anyone know what his name is? and does he have a website? I really would like to add him to my on going education. "....the Truth will set you free". :)
Oh right! Got it. Thank you!
BrotherJohnF's YouTube channel:http://www.youtube.com/user/BrotherJohnFAnd also endless mountain has very good technical analysis of silver:http://www.youtube.com/user/endlessmountain
Hang on a sec... He says that you would expect to see open interest plummet or skyrocket during the sell off. I would expect open interest to skyrocket if there were new shorts, yes. I would not expect it to plummet if there was a bunch of long side liquidation. I would expect it to plummet if there was a bunch of short covering.However, he has a point in that the volume being greater than the open interest means there was a shitload of churn going on. Whether it's bots or idiotic humans is kind of irrelevant.
any guesses what is going to happen with silver/gold on Monday?
Schiff a few hours ago.He thinks this time its different than 2008, this time its not a flight to the dollar, its to gold.Gold should pull up Silver, unless CME margin hikes Gold!http://www.youtube.com/watch?v=SgNLTb58K_Y
Wow, Monday is looking to be death.Its really starting to move now, shouldn't be too long before the world tells the US to go fuck itself.
Wrote this to Turd's site, but thought I should report here as well: Just thought I'd let everyone know that the Monex phone lines are ringing off the hook as everyone is locking in at Friday close price to buy silver for Monday opening. In the short time I was speaking on the phone with my rep (who came in on a Saturday to get people in) the amount of units he had to buy dropped from 34 to 23. Who knows? But this is how people are reacting to the credit downgrade news..
Also thanks so much for your videos Mr. SGS. I am still learning about how to read charts and you are definitely helping me with that. Thanks for your generosity and your telling it like it is ~ with style. AND ~ You really do have a GREAT voice!
Dakini,APMEX inventory of 2011 silver eagles went up to 20,000 on Friday, and now it stands at 9012 @ 3:39pm EST.
Interesting info reefman. I'll share what I wrote on Turd's site as an update on today's Monex purchases for their customers (Caveat: I am not promoting Monex, just reporting b/c it's who I trade with):I trade silver bullion with Monex and my rep phoned me (on a Saturday!) to get in today. They sold the MAXIMUM amounts of silver and gold that they are allowed to today (update: what I mean by that is that they sold the bullion to their customers, like me). He said there were 343 transactions - many the purchase of 1 to 5 1,000 oz. silver (SBV) bars, some physical, many leveraged as well. He said the last time they bought everyone in like this was after Bernanke spoke a few months back - that time when we found out that interest rates were not going to hike and the silver immediately shot up.It's an empty feeling though, as at what price for our nation and our world? And everyday people's lives. What a mess we are in. I share the sadness felt by all here. I want to express my tremendous gratitude to you Turd for offering us this place to share our emotions for psychological relief about how things are unfolding in our world. We are not alone.
I know several guys personally who have made a really lot of money with BroJohn.....@dakini: Is SGS Turd Ferguson????
Hi all, I found a great Silver Site with 24 Hour live silver News. It’s looks very good.I love it already. Here is the site address : The Silver Chronicle !!!!!!!!!!!!!!!!!!!!!!!!!!!! http://www.thesilverchronicle.comRegardsBrian
@SilverBull - Sorry bout that - it was a repost (as I mentioned) from what I posted on Turd's board. Should have edited that out before copy/paste. My apologies to Mr. SGS.