PM Rally

[68Camaro]

For those that don't believe in manipulation, I firmly believe they are not only doing their normal deal (which I think JPM and others can make money on coming and going), but I believe we're seeing a concerted effort by TPTB to break the 11-year run of gold increasing in price year-over-year. I think they are trying to push the price down before end of next week to below the 2011 close, for psychological reasons.

DYODD

[Copper Member]

Too much conspiricy theorists for me. I think it's a simple result of some long termers selling before the end of year to pay less cap gains. Call me nuts.

[fb101]

Whichever............
Loving how the dollar and PM's are dropping together.

With the fed pumping ONLY 85B a month into the system deflation is sure to ensue.

[Copper Member]

Sure goes against logic.

[shinnosuke]

Solid buy signals.

[beauanderos]

Too much conspiricy theorists for me. I think it's a simple result of some long termers selling before the end of year to pay less cap gains. Call me nuts.

before you dismiss manipulation... you might be wise to drift over and browse the netdania.com silver charts on a minute to minute basis. Precise drops... twenty minutes apart... three times... same volume. I guess that pretty much confirms that it's just people selling before the end of the year into what has already been a steep pullback. yep, that's it

[68Camaro]

Oh yeah, and if I held a massive amount of silver, that's exactly the way I would sell it. Not...

[CtrlAltBernanke]

It's time to separate the men from the boys. They don't have the stones to take it below $26.

[shinnosuke]

Silver's in full retreat. Darn those rascally capital gain tax hikes!

[joemac]

It's time to separate the men from the boys. They don't have the stones to take it below $26.

Concur

[Copper Member]

Guys, I'm not even going to get into this. I hardly ever post here other to buy and sell. But I just get a kick out of the Real Cent "gurus" posting ambiguous posts about how silver is poised for a breakout unless there's a pull back and then that of course will show downside. Hell my 16 year old can predict that. If these people really knew what they were doing, do you think they would give that info away for free? Come on guys. Ah...I'm probably just in a bad mood today. No offense to anyone. Merry Christmas to all.

[barrytrot]

jonflyfish has been pretty accurate and has given free info several times.

Knowing and being 98% certain are different.

[Copper Member]

ahh...Barry, I never mentioned names...

[shinnosuke]

I like zerohedge.com They always have relevant commentary on the nonsense that we call the markets. Nice article on what's going on lately:

http://www.zerohedge.com/contributed/2012-12-20/james-mcshirley-there-no-doubt-past-month-has-been-pre-planned-coordinated-at

Percentages...think about what this means.

[fb101]

I like zerohedge.com They always have relevant commentary on the nonsense that we call the markets. Nice article on what's going on lately:

http://www.zerohedge.com/contributed/2012-12-20/james-mcshirley-there-no-doubt-past-month-has-been-pre-planned-coordinated-at

Percentages...think about what this means.

I like the tone.....
I'm not concerned unless they break the multi-year uptrend, but it does make me grumpy............

[scyther]

Wow, under $30 for the first time since... August? September? Something like that. Maybe I'll buy some... I like to avoid buying over $30.

Barry, are you still 100% certain it will not go below $26?

[barrytrot]

I'm still 100% certain that a full day under $25 is impossible, yes. I don't know why that would change as there is probably a few trillion dollars more in FIAT than when I originally made that statement and only a relatively small additional amount of silver.

[Treetop]

I lean towards believing in manipulation myself. As small as the silver market is it isnt as wild as it might sound imo. Whereas with gold I doubt it could get beyond "suggestions." We also have all these fake silver and gold vehicles as well. We all know many simply arent backed. I have no idea why they trade just like the actual metals do. We are talking PMs afterall, I would have thought PM investors wouldnt want fiat gold or silver. If these funds didnt exist and even half that money still went into funds actually fully backed the prices would be much higher. I do expect this system to fail at some point and many to be left with puffs of air rather then what they apparently thin they invested in, and a massive rise in physical as a result. When? dont ask me. this seems especially likely with silver.

and holy cow did I gauge the market wrong my last buy!!! I bought close to the top.

[scyther]

I'm still 100% certain that a full day under $25 is impossible, yes. I don't know why that would change as there is probably a few trillion dollars more in FIAT than when I originally made that statement and only a relatively small additional amount of silver.

Good... that does make sense to me. Over the summer some people thought it might break that support, but it didn't happen. Coin shop it is!

...Although I might wait to see if it hits 26 again...

[barrytrot]

Search the forum and you will see I NEVER wavered and posted when silver was in the low $26's reiterating my firm belief.

[CtrlAltBernanke]

Search the forum and you will see I NEVER wavered and posted when silver was in the low $26's reiterating my firm belief.

LOL! I remember your posts from before and thought you were crazy. I think you might be a little less crazy now but we will see. Too many variables going on during the next couple weeks to determine what the reality will be. This is definitely a roller coaster ride.

[scyther]

Search the forum and you will see I NEVER wavered and posted when silver was in the low $26's reiterating my firm belief.

I know. I remember you saying that at the time and being right. Just wanted to make sure you still felt that way.

[mflugher]

God help us if $40B/month of NEW money generates blase responses. (And the money/coin generated by Treasury are, by and large, replacement amounts, not new money.)

Now its 2012 and I see people saying QE3 its all over to the moon we will never see $25 again, Possibly yes possibly not, we will never see $20 again, yah probably not, but maybe, we will never see $30 again, eh I think we probably will. I have seen all 3 of these statements on this board, and I believe on this very thread... Past performance indicates these statements are highly unlikely to be the future results.

There will be new buying opportunities in the future for my paper holdings, I'll stick with cash for now, I might even put 20% of that cash into a silver short position just for fun if we don't see a drop on Monday, I'm sure I will find an exit opportunity before the election that will give some profit...

... God bless you all, especially 68 .

Just thought I'd dig this up from sept 16th when everyone was saying I was crazy for selling @ $35... (I did not have the balls to take the silver short position I mentioned unfortunately...)

[68Camaro]

Are you buying now?

[mflugher]

68, I can tell you one thing, Im not selling

however;

Paper: unfortunately I was all in as of $31.xx so I didn't get any $29 paper silver this round. But in at $31 is still good for me, will sell at $33 or so probably mid january to mid february if I had to guess.

Phys... we are always buying silver, we just bought about 100x assorted commemrative dollar coins thursday @ ~14x face. I haven't had an opportunity to review what my partner bought though so no idea whats actually there. I'm sure we bought other stuff too during this last dip but thats the biggest buy of silver at least for the last week. just so happened guy sold on thursday during dip by chance.



If you have any assets you can afford to put into risk on position... I would highly recommend this is a good time to do so. I suspect once the fiscal cliff is or is not resolved, the end of year selloff is over etc, we should see some good oportunities to sell our paper.