Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > PM Bug

Reply
 
LinkBack Thread Tools
Old 09-03-2014, 07:42 AM   #1
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2444 times
More downside risk to short term PMs prices

Both post and commentaries at Trader Dan's blog highlight factors that are weighing down on the PMs at the moment. Looks like they will continue to be on sale for the near term.

http://traderdannorcini.blogspot.com...p-to-gold.html
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 09-03-2014, 12:20 PM   #2
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
19 seems to be the line in the sand for now. I agree that TPTB cannot permit metals to soar in the near term, but I truly believe that in the medium term [1st Q '15] they may begin to lose control.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 09-03-2014, 01:05 PM   #3
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,966
Liked: 871 times
Trader Dan and Turd recently had a proper bitch fight going with Dan arguing that charting has always worked and Turd arguing that with so much suppression of PM's, charts were totally irrelevant.

I really dont have a clue who is more correct and am rather fed up with all those predictions that we are days or weeks away from prices correcting.

It may be that they can find enough gold to keep the suppression game going for ever, especially if China and India play along ( and they have some incentive to do this )

Recall how they played the oil producing arab states and shafted em every way with gold purchases and sales ......
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 09-03-2014, 01:13 PM   #4
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,017
Liked: 2444 times
I think it's pretty clear that 800lb gorillas can monkey hammer the markets at times, but they don't (and can't) do it over long sustained periods of time without consequences. I think they do it in short bursts to try and change momentum (stops/calls, trading signals, etc.). There is still a market, however broken in the wake of MF Global, et. al. scaring smaller players out of the picture.

I think there is value in reading both Trader Dan's and Turd's thoughts.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
House prices soar by £7,000 in past four weeks HOUSE prices have soared by £7,000 in a month as the Penn STS 1 10-21-2013 05:02 PM
Alchemy risk? Garry PM Bug 3 04-29-2013 04:00 PM
Short squeeze is short term driver, what's next swissaustrian PM Bug 65 04-09-2013 09:56 AM
Risk appetite in the markets record high bushi Fiat Ponzi 3 01-15-2013 11:37 AM
BoE goes full retard, invents new HIGH RISK qe swissaustrian Fiat Ponzi 14 06-20-2012 08:20 AM


All times are GMT -5. The time now is 07:31 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.