Monday, October 15, 2012

Silver shorts are everywhere!!!

A down day for silver, and there are a lot of traders and hedge funds making some fiat. there is nothing wrong with shorting, even on silver! What might be wrong (if it is really happening) is the US Treasury or Federal Reserve manipulating silver by hiring JP Morgan et al to buy massive amounts of naked shorts. What is wrong is governments manipulating markets. But there is nothing wrong with speculators making money (or losing it) in the market!Silver opportunity only exist because of the excessive paper leverage, huge short position and price manipulation to down side. Best way to capitalize on that is to buy physical silver and sit tight. Cheaper physical OZ are sold more profit you will make, thanks to all silver manipulators.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Jim Rogers Doubts Any Silver Market Manipulation

Daily Bell: The CFTC just dropped an investigation into silver manipulation. Is it manipulated day-to-day and does it matter?
Jim Rogers: A) It doesn't matter and B) I don't think it is. There are conspiracy theorists out there who say it's manipulated but I don't buy it. Mainly, I don't buy it because if it were manipulated like the conspiracy theorists say, it's been going on for 25 or 30 years. By now somebody would have told us. You can't keep a secret like that because then the conspirers would have to be all over the world. There would have to be tens of thousands of people. By now we would know about it. I'm a little skeptical.
It doesn't matter, as far as I'm concerned. Silver is going to go much higher. I own silver and if there's somebody trying to artificially suppress it, more power to them because in the end it's going to go up even higher. Whenever you artificially suppress something, once it finally breaks free, boy, does it skyrocket. Look at gold in the '70s. They artificially kept it down at $35 for a few decades. Finally the market said enough and it went up over 40 times. - in Daily Bell

James Turk : A Massive Short Squeeze on Gold & Silver is approaching

James Turk : The shorts will need to buy back at whatever price they can to limit their losses. It is this panic buying that will launch the precious metals like a rocket when $1800 and $35 are finally hurdled. We have seen battles like this one many times over the past 12 years, Eric. Some of these battles have been fought even more fiercely than the current one, which means it could take a while longer to get the breakouts above $1800 and $35. - in Mining
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