Silver/SLV

[nnuut]

This isn't the first time that the prices of Silver and Gold have been manipulated, and probably won't be the last.
http://www.google.com/#q=history+of...=11&sqi=2&ved=0CEgQ5wIwCg&fp=b2da8a77dcd93603

 

[JimmyJoe]

Silver

 

[James48843]

Hunt Brothers tried to corner the Silver market back in the early 1980's.

I remember it well.

http://news.google.com/newspapers?id=BLUqAAAAIBAJ&sjid=I2MEAAAAIBAJ&pg=5564,7615012&dq=hunts&hl=en

 

[Show-me]

SILVER beeeeells, SILVER beeeeells, I'm sooooo glad I bought SILVER beeeeells. Ding-a-ling, ca-ca-shing, I'm cashing out and going to the Caribbean. Ding-a-ling, hear them ring, ................:laugh:

 

[JimmyJoe]

Up a dollar in a day. Das about %3. Man. Silver gonna go high.

I'm only gonna say this once. Go visit yo coin shop an buy some dat silver american eagle for $31, cos it gonna go high.:nuts:

 

[tsptalk]

SILVER beeeeells, SILVER beeeeells, I'm sooooo glad I bought SILVER beeeeells. Ding-a-ling, ca-ca-shing, I'm cashing out and going to the Caribbean. Ding-a-ling, hear them ring, ................:laugh:

Nice job show-me! I tried to catch AGQ looking for a $1 pullback to $131 last week for a trade, and never got it hit. It's now up 18% to over 154 since. ETF Talk

I don't think I can buy here now, nor sell it short. This is truly a freight train and I'm glad someone I know was on it.

 

[JimmyJoe]

Like half the stuff out there, it's rigged. Silver is going down, probably below 30. Still It'll go to 50 this summer cos it won't be held down. Too many people are buying it and GS is shorting it with paper etf's. That's half the reason why GS is gettin cash from the fed. Soon when people want their silver and GS doesn't have it to give, they'll give extra cash to them to ward them off for a spell.

 

[tsptalk]

Do you have a source/link to that story? I'd be interested in reading it. Thanks.

 

[JTH]

Great job Show-Me, getting out before the big boys do. I myself exited a couple of months ago and was more than happy with a 35% gain. Now I look at this Monthly chart and I wouldn't touch silver till we get a significant crash, perhaps finding support at $20.00

View attachment 10290

 

[JimmyJoe]

http://www.youtube.com/watch?v=TSTtckilem4&feature=more_related

This person has several youtubes about silver investing and silver manipulation. My assumptions are deduced after months of simply trying to understand "shorts" and "longs" and from watching "pro" silver investing links.
Hope this helps.

 

[James48843]

JP Morgan caught trying to corner the copper market:

J.P. Morgan Chase & Co. (NYSE: JPM - News) has emerged as the mystery buyer of more than $1 billion of copper, accounting for more than 50% of all the metal stored in official London warehouses and stoking worries about an impending supply shortage.

More: http://finance.yahoo.com/banking-bu...b-budgeting&sec=topStories&pos=6&asset=&ccode=

 

[JimmyJoe]

Thank you James. It is not GS, Goldman Sachs, that I incorrectly referred to in my earlier post. It is J P Morgan doing the shorting. There is a movement afoot called, "Crush JP Morgan, buy silver." This may have a detrimental effect upon the big banks, and the dollar.

 

[tsptalk]

Jeez. Did our bullishness just pick the top?

Or, are we getting a good opportunity to buy again?

 

[JTH]

Jeez. Did our bullishness just pick the top?

Or, are we getting a good opportunity to buy again

We are so overdue for a pullback it's not funny. I'd like to see it fall back to 23ish, a decent 50% retracement. Perhaps this is a reflection of the fear in Europe dissipating?

 

[WorkFE]

Got on SLV long time ago, just dumped. I would repurchase if it pulls back significantly but it has been a good ride. Looking for a new place to park earnings for the long haul

 

[Bullitt]

Show-Me,

Great job. Great job. Unlike every other maniac holding metals until it allegedly goes up another 1000% percent, you showed good discipline by getting out with a nice profit.

 

[wwwtractor]

Time will tell all but I did sell one half of my investment in SLV when I read about the shenanigans. Natural Gas looks good to me as it is in the dumps and will be much used in the future as a clean energy source.

 

[crws]

Thank you James. It is not GS, Goldman Sachs, that I incorrectly referred to in my earlier post. It is J P Morgan doing the shorting. There is a movement afoot called, "Crush JP Morgan, buy silver." This may have a detrimental effect upon the big banks, and the dollar.

http://www.youtube.com/watch?v=QCM7rMIqxmk

 

[JimmyJoe]

Silver is back up almost to $30 oz. So when it gets to $30 oz, do you think it'll get smacked down again?

 

[tsptalk]

Silver is back up almost to $30 oz. So when it gets to $30 oz, do you think it'll get smacked down again?

I doubt. Especially if the dollar continues to fall. Silver may go higher than seems reasonable before peaking.