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 Replies: 24 / Views: 3,618 |
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Pillar of the Community
 United States
586 Posts |
Added more short position on Silver:
sell short SLV@16.35 (equivalent of 17.40 spot)
LOL
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Pillar of the Community
United States
586 Posts |
In the week of Sept 8, gold was hitting 1380-ish peak; commercial traders' short/long ratio reached 3.09:1. Then gold crashed to 1260ish in the following weeks.
Last week, commercial traders' short/long ratio reached 2.75:1; this week I am afraid ratio's going higher. We're about 1298 now; 1200 might be broken in the following weeks.
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Pillar of the Community
United States
4333 Posts |
G n S creeping up!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
586 Posts |
Banksters will come out this week to hit gold/silver prices HARD; they always took advantage of thin trading session around holidays. After all, they're the ones holding the large majority of short positions; and they can't afford to lose. Actually, in the past few years, they succeeded in most of their efforts to suppress gold/silver prices. Silver spot just lost 20c overnight.  |
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Pillar of the Community
United States
586 Posts |
Silver DOWN more than 2% now @17.07 Both of my SLV short positions are IN-THE-MONEY now; so far so good. Will use the profit to buy ASE for my relatives and friends as Xmas gifts. Got to thank Banksters for giving me the money to do that. |
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Pillar of the Community
United States
586 Posts |
16.95 now, LOL
The downtrend has started for gold and silver prices. Due to their heavy amount of short position, Commercial Traders will need several weeks of time to unwind. Just keep an eye on weekly COT report on gold and silver futures; it will give you confirmation. I have been through this rinse-and-repeat cycles several times each year; if history is any guide, there will be an interim bottom around this Christmas. Then you need to cover all of your short position and be done with it.
If you plan to stack, wait until Christmas.
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Pillar of the Community
United States
586 Posts |
16.85 now after a head fake and smackdown.
Again, if you plan to stack, wait until Christmas.
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Pillar of the Community
United States
586 Posts |
Another smackdown day for Silver, $16.61/oz spot now.
Silver market cap is so small that Banksters can have their way easily. On latest futures market report, commercial traders still have a net short position of about $7 billion against Silver.
More downside ahead; will likely break below $16 before Christmas.
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Pillar of the Community
United States
2130 Posts |
Alright Leon...I am trusting you and I am going to wait until Christmas before I buy my first 100 ounce bar.
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Pillar of the Community
United States
4333 Posts |
100 oz bar? Make sure you take a core sample on that bad boy.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
586 Posts |
My rough calculation shows that silver spot might visit $15.80/oz next week. I plan to close my short position on SLV by then. With the fiat profit I will need your guys expertise, on what kind of physical to buy. I am thinking of just ASE. |
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Pillar of the Community
United States
586 Posts |
Silver spot $16.34/oz now. Keep dropping ... ...  |
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Pillar of the Community
United States
586 Posts |
16.08 now Silver spot in FREE FALL |
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Pillar of the Community
United States
586 Posts |
15.99
may consolidate at this level; before another LEG down.
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Pillar of the Community
United States
586 Posts |
may retest 15.20 area (annual low)
A little change to the plan: will cover 50% short position at 15.50, then the rest at 15.2 if possible.
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Replies: 24 / Views: 3,618 |
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First Page
Posted 11/17/2017 3:36 pm
