Silver jumped up 64 cents.
PerryHall
Posts: 46,137 ✭✭✭✭✭
Silver spot is currently up 64 cents. Did something happen to make it jump or is it the usual market manipulations?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
0
Comments
<< <i>Silver spot is currently up 64 cents. Did something happen to make it jump or is it the usual market manipulations?
The fixers are fixing or word got out that the Mint is striking 387,578,361 ASEs.
Too many positive BST transactions with too many members to list.
<< <i>Silver spot is currently up 64 cents. Did something happen to make it jump or is it the usual market manipulations?
The usual. Nothing to see here folks, move along.
Liberty: Parent of Science & Industry
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Silver spot is currently up 64 cents. Did something happen to make it jump or is it the usual market manipulations?
The boyz reversed Friday's precise 10:00 AM EST pre-OpEx dump with today's 10:00 AM EST boost. Wash - rinse - repeat. Both were timed to within a minute.
Yup, just the usual OpEx non-manipulative swings.
More FOMC fun to follow into Wednesday.
After nearly 6 months it does look like its trying to build a good base. Thats a good thing.
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
After 21 days of rallying, the gold to silver ratio takes a breather and heads back to some older gaps
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
<< <i>LoL, what exactly did these "boyz" do? place a "buy" order? How nefarious! >>
What I was getting at were the multiple 10 AM push downs last week. And yesterday and today the strong 10:00 am prompt jump rallies. These have occurred at exactly at 10:00 am....within a minute. Nothing nefarious....just gold old boy HFT algo's during their thing. It was fun to play the multiple 2 day lows into last Friday. Now after making the bears feel good....out comes the rug.
<< <i>Roadrunner, you really need to look at trading patterns in all commodities and equities. If I covered up the name you would think they are all gold. There is no out of the ordinary trading, unless that's what you want to believe. >>
I've closely watched all the PM ETF's and spot metal prices over the past several years. The action these past 2 weeks is a different pattern than I've seen before. I've often seen 10:00 AM peaks and valleys, once or twice in a week. But almost every day like clockwork? And big moves too. I probably watch the trading patterns and charts in gold/GLD and miners more closely than most anywhere here (derryb watches close too). In the past, a typical cycling low in gold was on the order of 3 days, sometimes 4. The past 2 weeks came up with 2 days between GLD/GDX lows and highs. Haven't seen that used before....at least not in the past 2 years. GDX (and to some extent GLD) were on a fairly tight 55 day cycle since late December 2013. That also changed in the past couple of months. Haven't figured out what that's morphed into yet. It could have something to do with GDX finally bottoming out in November (gold in Dec).
Iran Forces Open Fire On, Seize "Trespassing"US Cargo Ship
Edited to add: Washington denies it is a US cargo ship because it is flagged in the Marshall Islands. Aren't they all?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Iran just seized American cargo ship. Oil and PMs prices likely to jump?
Iran Forces Open Fire On, Seize "Trespassing"US Cargo Ship >>
Time to draw another line in the sand.
Seriously, Obama won't do anything and the whole world knows it.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
This is just how things trade. I suppose one could find what appears to be manipulation in everything, even bacterial cultures, but (un)fortunately this is just the way things are. There is nothing nefarious or ill-intended or wanton.
Knowledge is the enemy of fear
Boo!
Liberty: Parent of Science & Industry
<< <i>over reaction. I'm taking USLV profits and buying DSLV in anticipation of an at least .35 pull back in silver. If correct should see about a quick 6% return on the DSLV. Silver currently at 16.42 with DSLV currently at 54.00. Let's see if it comes to pass during Tuesday's trading hours. >>
and out at 59.10 on thursday.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Spinning wheels
May be holding as much as 350 million ounces of physical silver.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Oh by the way, article written by a bullion company, wonder if they sell any silver.... Nah...
<< <i>Lol, the ignorance here is mind blowing...
Oh by the way, article written by a bullion company, wonder if they sell any silver.... Nah... >>
As usual, you fail to offer any proof to dispute what is presented.
"They're lying, trust me."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Lol, the ignorance here is mind blowing...
Oh by the way, article written by a bullion company, wonder if they sell any silver.... Nah... >>
Who here said that they believed that the article was/is true?
Doing it like like the pros now : "Buying low, selling lower "
Anything is possible, but this isn't a transparent market and it never has been. Speculation can be fun. I think $16 silver isn't too bad a price, given all of the other variables in the financial markets that must be considered.
Boring isn't bad if you are accumulating. Excitement in the market is great if you're selling. I'm still accumulating. Dollars still need rescuing occasionally.
I knew it would happen.
<< <i>If JPM is taking possession of that much silver, I would have expected a steady price rise. On the other hand, if the mines in Mexico and elsewhere are putting out millions of new ounces, at some point I would expect weakness - which is what we've been seeing. >>
Are the mines producing silver at a faster rate than the world's governments are creating money?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Probably not, but these are two unrelated variables both of which have their own supply/demand dynamics. Silver's demand is a lot different than money demand - and they both may be lagging.
The thing about silver demand is that when demand starts to exceed the actual supply, we will see real price increases. Paper contracts can't fix a silver shortage.
Money creation is a completely different scenario. The money is being created but there is no demand for business expansion and the money just sits in the banks as excess reserves. The money's been created, the debt has been created and there's no way they will ever call it back because the government's already spent the money and more. Rates wouldn't be zero if there were any demand for the money.
No business is going to stick it's neck out to expand when there's no business activity. Lot's of retail stores are still closing. Wage pressure is rising. There's no justification for big expansions right now, so rates aren't going anywhere.
I knew it would happen.
"So JPMorgan artificially depresses prices via short sales on the COMEX and then requests that the US Mint sell it all the Silver Eagles it can produce. It doesn’t care if it is paying $2 over the spot price, JPM wants all the silver it can get its hands on. But what about selling the coins I claim JPMorgan has acquired? The coins will not be sold as coins, but melted into 1,000 ounces bars. In fact, some of the 100 million+ ounces of coins may have already been melted and cast into good delivery bars. Considering that the coins are the same purity as 1,000 ounces bars, melting is a simple and a low cost process."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I knew it would happen.
<< <i>A bunch of questions I would ask, but first, a simple one, show me some concrete evidence jp morgan is an authorized purchaser of silver eagles from the us mint... >>
They don't have to be. I'm sure one of the APs would be happy to order discreetly on their behalf. JPM can easily be a big buyer of silver eagles without buying them directly from the mint. Wouldn't surprise me for JPM to be a big stakeholder in one of the APs specifically for this purpose.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Please provide for us all, this evidence of their ownership interest when you dig thru their financials...
people buying a few monster boxes here and there. Someone is amassing hundreds of millions of ounces somewhere. It doesent matter
who but is does matter when the dump happens. Thru manipulation of physical vs paper and shorts there will be a short run up
and then "the Mother of all Crashes"
Just my guess from the numbers I have seen and the stories I have read over the last two years. Who knows what thoes fine boys on
Wall Street are up to.
Like Wes, u read but you don't actually read...
<< <i>Oh and just to add if anyone wants to learn anything about reading comprehension, butler says they pay 2 bucks over, now I use that in court as a direct quote...
Like Wes, u read but you don't actually read... >>
Unlike you, Butler is correct. Last published premium is $2 over.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>THe amount of silver bullion that has been sold around the world over the last few years is astronomical. It's not from
people buying a few monster boxes here and there. Someone is amassing hundreds of millions of ounces somewhere. It doesent matter
who but is does matter when the dump happens. Thru manipulation of physical vs paper and shorts there will be a short run up
and then "the Mother of all Crashes"
Just my guess from the numbers I have seen and the stories I have read over the last two years. Who knows what thoes fine boys on
Wall Street are up to. >>
Well, that's a good point to bring up. Now the Silver Bulls are talking about a massive overhang in physical silver being held by JPM.
Huh.
There goes the argument that there could be a huge crunch in "good for delivery" bars which drives up the prices of our little chunks we call such amusing names as Monster Boxes and Porn and hope will save our buts from "them"
Liberty: Parent of Science & Industry