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PM Dip

PostPosted: Tue Apr 03, 2012 1:19 pm
by scrapper2010
Could be a good buying opportunity for silver & gold. Gold getting hit even harder than silver as of now.

Re: PM Dip

PostPosted: Tue Apr 03, 2012 1:44 pm
by Oakair
I was watching the 2min chart when this happened...Took me a few seconds of google search to determine the cause...Pretty neat how instant such things are

Re: PM Dip

PostPosted: Tue Apr 03, 2012 2:33 pm
by beauanderos
The bullion bank cartel has a HFT algorithm that pulls down PM's whenever the DOW is down. They don't want the public to perceive them as a safe haven investment.

Re: PM Dip

PostPosted: Tue Apr 03, 2012 2:49 pm
by slickeast
I see TPTB are playing their games again.

Re: PM Dip

PostPosted: Tue Apr 03, 2012 9:10 pm
by SilverDragon72
I wouldn't mind seeing the PM's go lower for a while....good opportunity to increase my stack of PM's! ;)

Re: PM Dip

PostPosted: Tue Apr 03, 2012 10:08 pm
by DebtFreeMe
Ya, I'm purchasing a large lot of ASEs, Maple Leafs, and other coins tomorrow... So this is a good thing for now.

Re: PM Dip

PostPosted: Tue Apr 03, 2012 10:39 pm
by beauanderos
DebtFreeMe wrote:Ya, I'm purchasing a large lot of ASEs, Maple Leafs, and other coins tomorrow... So this is a good thing for now.

Wait to place your orders until about 10:10am EST. Usually da boyz will start hammering the market (if they are going to) right at 10:00am and it takes them a few minutes to get the job done.

Re: PM Dip

PostPosted: Wed Apr 04, 2012 8:34 am
by Cu Penny Hoarder
Stock market futures are dragging PMs down... gold is down $50 and silver is down $1.70. If the stock market drops some more, it's going to pull PMs down with it. If you're going to buy, buy small and keep lots of powder dry for when it goes lower.

Re: PM Dip

PostPosted: Wed Apr 04, 2012 9:10 am
by barrytrot
Cu Penny Hoarder wrote:Stock market futures are dragging PMs down... gold is down $50 and silver is down $1.70. If the stock market drops some more, it's going to pull PMs down with it. If you're going to buy, buy small and keep lots of powder dry for when it goes lower.


I'm going to load up more fake silver with derivatives. It's been pretty easy money the last SEVERAL times this happened.

Re: PM Dip

PostPosted: Wed Apr 04, 2012 9:13 am
by Hawkeye
Dang it! I just bought some last week. Maybe it will stay down for a while so I can increase the stack.

Re: PM Dip

PostPosted: Wed Apr 04, 2012 9:21 am
by justj2k78
Yes, I am going to attempt to locate a seller today - I buy in mini-chunks, looks like a good day to chunk up!

Re: PM Dip

PostPosted: Wed Apr 04, 2012 10:11 am
by Cu Penny Hoarder
barrytrot wrote:
Cu Penny Hoarder wrote:Stock market futures are dragging PMs down... gold is down $50 and silver is down $1.70. If the stock market drops some more, it's going to pull PMs down with it. If you're going to buy, buy small and keep lots of powder dry for when it goes lower.


I'm going to load up more fake silver with derivatives. It's been pretty easy money the last SEVERAL times this happened.


You have big gonads Barry. I'll stick with physical. Good luck to you.

Re: PM Dip

PostPosted: Wed Apr 04, 2012 10:54 am
by justj2k78
Went ahead and picked up a 1/2 dozen Eagles at $33 each. That's as exciting as I get!

Re: PM Dip

PostPosted: Wed Apr 04, 2012 10:57 am
by Oakair
Dang...This triggered a standing buy order I had for USLV...

I guess I'm in at 36.25 :lol:

Re: PM Dip

PostPosted: Wed Apr 04, 2012 11:35 am
by 68Camaro
beauanderos wrote:The bullion bank cartel has a HFT algorithm that pulls down PM's whenever the DOW is down. They don't want the public to perceive them as a safe haven investment.


The big move yesterday was more than HFT - there was another giant dump of paper silver shorted (I believe I read something like 675 million toz). The interesting thing (to me) is that they are now having to literally dump a half-year+ of annual silver production almost every week in order to keep silver tamped down to $32.

Re: PM Dip

PostPosted: Wed Apr 04, 2012 11:36 am
by 68Camaro
The emperor is about to be found without clothes on. The great and powerful oz is about to be revealed...

Re: PM Dip

PostPosted: Wed Apr 04, 2012 12:57 pm
by Cu Penny Hoarder
68Camaro wrote:The emperor is about to be found without clothes on. The great and powerful oz is about to be revealed...


I'm confident that it will, but I have a feeling that this paper game could go on much longer than we expect it to.

Re: PM Dip

PostPosted: Wed Apr 04, 2012 1:53 pm
by beauanderos
Cu Penny Hoarder wrote:
68Camaro wrote:The emperor is about to be found without clothes on. The great and powerful oz is about to be revealed...


I'm confident that it will, but I have a feeling that this paper game could go on much longer than we expect it to.

THEY are suppressing the market with money that costs THEM nothing. It costs US. WE (the fiat-holding public) will actually wind up footing the bill for their shenanigans. The result will be the greatest wealth transfer in history. The price will be hyperinflation. WE (if you've prepared) will be the NEW one percent. :mrgreen:

Re: PM Dip

PostPosted: Wed Apr 04, 2012 6:20 pm
by Treetop
beauanderos wrote:
Cu Penny Hoarder wrote:
68Camaro wrote:The emperor is about to be found without clothes on. The great and powerful oz is about to be revealed...


I'm confident that it will, but I have a feeling that this paper game could go on much longer than we expect it to.

THEY are suppressing the market with money that costs THEM nothing. It costs US. WE (the fiat-holding public) will actually wind up footing the bill for their shenanigans. The result will be the greatest wealth transfer in history. The price will be hyperinflation. WE (if you've prepared) will be the NEW one percent. :mrgreen:



If or when it comes to that, would "they" let you keep it? Or would they vilify you publicly, heck even perhaps try to blame you for the troubles... (you bet against the dollar after all, arguably against your neighbors as well, did you WANT them to fail?? :shock: ) similar things have happened before. Even in our own country we have had gold confiscations in the past, under much lighter issues then we currently face with a government that had much less power over individuals then it does today....

Its diversity into other hard assets for me...

Re: PM Dip

PostPosted: Wed Apr 04, 2012 8:58 pm
by 68Camaro
What PMs? I don't have any...

Re: PM Dip

PostPosted: Thu Apr 05, 2012 2:26 am
by Engineer
I'm amazed at how flat the market has been after the slow motion smackdown yesterday...but we're just headed into the London open, and things are bound to get interesting soon. Favors have to be repaid and all...

Re: PM Dip

PostPosted: Thu Apr 05, 2012 5:31 am
by beauanderos
They've spent alot of ammo on the smackdown. At some point they will have to cover their shorts and reload.

Re: PM Dip

PostPosted: Sun Apr 08, 2012 9:01 pm
by Thogey
The silver market looks wierd right now.

Re: PM Dip

PostPosted: Sun Apr 08, 2012 9:18 pm
by inflationhawk
Surprised its flat with the weak employment report Friday. China inflation numbers just came in higher than expected for March too.

Re: PM Dip

PostPosted: Sun Apr 08, 2012 9:18 pm
by Engineer
Thogey wrote:The silver market looks wierd right now.


Nice spike. Somebody must have needed to cover some shorts, and I'd bet that spike triggered a ton of $32.50 sell orders.