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WTF is this?

PostPosted: Mon Feb 21, 2011 10:13 pm
by panther
http://www.kitcosilver.com/


$1 drop in 40 minutes?????

Re: WTF is this?

PostPosted: Mon Feb 21, 2011 10:23 pm
by misteroman
just noticed that myself! :o

Re: WTF is this?

PostPosted: Mon Feb 21, 2011 10:25 pm
by panther
wonder how many contracts just got shorted.

i guess JPM forgot to monitor prices last couple days.

Re: What is this?

PostPosted: Mon Feb 21, 2011 10:27 pm
by shinnosuke
Yes, with this drop in price, the governor of your state/province has granted you a pardon from your capital punishment sentence. With your new found freedom, will you:
A. Buy more
B. Hoard more
C. Sell nothing
D. All of the above

Re: WTF is this?

PostPosted: Mon Feb 21, 2011 10:30 pm
by tbram88
Something funny is going on...Get ready to buy if it pukes.

I don't know how they do it but that's not normal movement.

Bob.

Re: WTF is this?

PostPosted: Mon Feb 21, 2011 10:36 pm
by panther
how are prices going DOWN 3% in one hour, when people are buying like CRAZY today.. makes no sense.. what is latest update on the lawsuit, why hasn't this been fixed yet?

Re: WTF is this?

PostPosted: Mon Feb 21, 2011 10:36 pm
by beauanderos
tbram88 wrote:Something funny is going on...Get ready to buy if it pukes.

I don't know how they do it but that's not normal movement.

Bob.

All it takes is collusion in offering loads of short sales with no corresponding buyers in a thinly-traded Asian hours bourse :evil: But... the longer they keep it down, the further the spring will uncoil once the monkey business is put to rest, and the increasing scarcity will only accelerate with price suppression.

Re: WTF is this?

PostPosted: Mon Feb 21, 2011 10:41 pm
by panther
beauanderos wrote:
tbram88 wrote:Something funny is going on...Get ready to buy if it pukes.

I don't know how they do it but that's not normal movement.

Bob.

All it takes is collusion in offering loads of short sales with no corresponding buyers in a thinly-traded Asian hours bourse :evil: But... the longer they keep it down, the further the spring will uncoil once the monkey business is put to rest, and the increasing scarcity will only accelerate with price suppression.


yeah but when is this actually going to happen? people talk about the dollar crashing and people paying for groceries with mercury dimes, but a lot of this is just conspiracy theory.. will JPM manipulation ever end?? it's blatantly obvious to even non-statisticians like myself, how can regulators not figure it out?

Re: WTF is this?

PostPosted: Mon Feb 21, 2011 10:44 pm
by 68Camaro
The shorts are at it... Another interesting read

http://silverstockreport.com/2011/silve ... looms.html

Re: WTF is this?

PostPosted: Mon Feb 21, 2011 10:51 pm
by panther
he's also afraid of wealthy people buying 10-20 truckloads of food to protect their dollar if silver runs out.


i don't see that happening.

Re: WTF is this?

PostPosted: Mon Feb 21, 2011 11:35 pm
by shinnosuke
panther wrote:he's also afraid of wealthy people buying 10-20 truckloads of food to protect their dollar if silver runs out.


i don't see that happening.


Roman citizens didn't see the barbarians at the gate either while they were watching gladiators kill each other on the big screen at the coliseum.

Re: WTF is this?

PostPosted: Tue Feb 22, 2011 4:32 am
by Devil Soundwave
shinnosuke wrote:
panther wrote:he's also afraid of wealthy people buying 10-20 truckloads of food to protect their dollar if silver runs out.


i don't see that happening.


Roman citizens didn't see the barbarians at the gate either while they were watching gladiators kill each other on the big screen at the coliseum.


The Romans didn't have big screens, they where still using CRT tubes.

Re: WTF is this?

PostPosted: Tue Feb 22, 2011 8:25 am
by shinnosuke
Devil Soundwave wrote:
shinnosuke wrote:
panther wrote:he's also afraid of wealthy people buying 10-20 truckloads of food to protect their dollar if silver runs out.


i don't see that happening.


Roman citizens didn't see the barbarians at the gate either while they were watching gladiators kill each other on the big screen at the coliseum.


The Romans didn't have big screens, they where still using CRT tubes.


True dat.

Re: WTF is this?

PostPosted: Tue Feb 22, 2011 9:30 am
by Lemon Thrower
options expiration wed. so lots of funny business and volatility to be expected.

the price of physical is set by the comex, but there has been a slow and steady drain of metal there such that a delivery default in March is now very possible, hence the substantial backwardation (premium for the near term rather than the long term). Normally you are paid a premium for delaying delivery due to the time value of money. its only when the risk of default exceeds the time value of money that you get backwardation in monetary commodities.