PM Rally

[barrytrot]

Let's see if JP smashes it Wed/Thurs.... I'm still waiting for 20....

You will be waiting forever.

[Jonflyfish]

Nobody believes me. But that's ok. The market is the great arbituer and this big rally will speak for itself. Not going into why it will happen. That matters not (unless you have to fill airtime or journalist media space with empty rhetoric.)
What's important is price and price alone.

Cheers!

[shinnosuke]

Nobody believes me. But that's ok. The market is the great arbituer and this big rally will speak for itself. Not going into why it will happen. That matters not unless you have to fill airtime or journalist media space with empty rhetoric. What's important is price and price alone.

Cheers!

Of course we believe you. We've seen you nail stuff too often to doubt you, but you're just a bit too cryptic sometimes.

[fb101]

Nobody believes me. But that's ok.

long SLV Nov 32.50 calls.
What I'm thinking is the euro gets heavy and causes a flight to safety in PMs and (ha-ha) Dollars.
Risk Minimal, potential good.
http://bigcharts.marketwatch.com/advcha ... &x=54&y=12
---------------
Edit: Alternatively, Euro could rally in the face of the current issues.

[SoFa]

It should move one way or another very soon. I don't know how you can tell based just on price though. But I guess that's not supposed to matter to us.

[Rodebaugh]

JFF, What value of (%) and duration do you think the run will make?

[aloneibreak]

Nobody believes me. But that's ok. The market is the great arbituer and this big rally will speak for itself. Not going into why it will happen. That matters not (unless you have to fill airtime or journalist media space with empty rhetoric.)
What's important is price and price alone.

Cheers!

ya know jff, i might be starting to come around to your way of thinking...

[Nickelmeister]

I'm a believer!

[slickeast]

Looks like we might be seeing the rally starting

[barrytrot]

What are we down less than 25 cents again?

[beauanderos]

Nobody believes me. But that's ok. The market is the great arbituer and this big rally will speak for itself. Not going into why it will happen. That matters not (unless you have to fill airtime or journalist media space with empty rhetoric.)
What's important is price and price alone.

Cheers!

ya know jff, i might be starting to come around to your way of thinking...

[aloneibreak]

Nobody believes me. But that's ok. The market is the great arbituer and this big rally will speak for itself. Not going into why it will happen. That matters not (unless you have to fill airtime or journalist media space with empty rhetoric.)
What's important is price and price alone.

Cheers!

ya know jff, i might be starting to come around to your way of thinking...

i worship no man - dont want to come off that way...

but meaning that i KNOW silver is manipulated

i KNOW it should and would be substantially higher if left alone to itself

but meaning im tired of worrying so much about the whys

the price is what it is

i'll continue to buy what i can when i can

[beauanderos]

hey... I'm just happy it's going up for a change. Wonder if it's due to Syria?

[NHsorter]

Why, do they use silver in chemical weapons? But seriously, if that is the case I would expect nickel to take a bit more of a jump than it has today. Not saying I have any idea for the reasoning here.

[Nickelmeister]

I wonder if it has to do with the "audit the Fed" bill being voted on today.

[NHsorter]

It's gotta be that QE3 expectations are growing. That is my take anyway. FWIW.

[beauanderos]

It's gotta be that QE3 expectations are growing. That is my take anyway. FWIW.

[shinnosuke]

http://www.campaignforliberty.org/profile/7788/blog/2012/07/25/audit-fed-passes-0

Will the Senate stop this bill?

[beauanderos]

http://www.campaignforliberty.org/profile/7788/blog/2012/07/25/audit-fed-passes-0

Will the Senate stop this bill?

Sounds like Reid is trying to prevent the Senate from even having to vote on it.

[shinnosuke]

http://www.campaignforliberty.org/profile/7788/blog/2012/07/25/audit-fed-passes-0

Will the Senate stop this bill?

Sounds like Reid is trying to prevent the Senate from even having to vote on it.

Well then, PMs will rally.

[shinnosuke]

Two relevant articles of interest:
http://www.zerohedge.com/news/cherry-top-cme-lowers-equity-index-margins-over-20

http://www.fool.com/investing/general/2012/07/26/why-gold-will-surpass-2250-per-ounce.aspx

Please enjoy each with the customary grain of salt. Past performance does not guarantee future results. Caveat emptor! Do not pass go.

[fb101]

The first one has an interesting comment;
When the market sits on what many are calling the edge of a decades long support that if it turns south there's huge downside risk and there's lots of resisitance above so limited chance of a big rally, that's when you decide to cut margins so your stock holders are left holding the bag if/when those overleveraged bozos get taken out?

[fb101]

BTW, I hope that wasn't the rally...............

[InfleXion]

Does anybody know when these JP Morgan short contracts are do? Wouldn't that be some guidance as to when silver will launch like a missile?

According to the Got Gold Report the LCNS (Large Commerical Net Short) position is the lowest it has ever been in this bull market, since 2001. That position is calculated by net short minus net long. So it doesn't necessarily imply that the JPM short position has been liquidated yet, though IMO this is a good time for them to be doing it, but rather that the longs far outweigh the shorts. As for when they are due, it doesn't really matter. They can keep rolling it over to future dates indefinitely, at least until position limits go into effect in 2013 (thank you Ted Butler).

Also, I didn't bother quoting them but I agree with your other posts on this thread.

I have no idea if a rally is coming or not. It feels like the price is consolidating and building a solid base, but all it takes is one major event to blow all the technical indicators out of the water.

[InfleXion]

It's gotta be that QE3 expectations are growing. That is my take anyway. FWIW.

I'm not banking on QE3 before the election since it would also impact gas prices. As far as I can tell the moves in the metals correspond percentage wise with how much the Euro is gaining on the USD now that they've promised the ESM a banking license for free money from the ECB to keep the bailouts going when the EFSF runs out. My best guess is the price will be sideways to mildly upward along the QE2 trendline for the rest of the year.