Hard Core Defense at 35

ancona · 10-04-2012, 05:10 PM

Someone absolutely does NOT want gold over 1800 or silver over 35. It appears to be a concerted effort. The pattern has been to slam the shit out of them and let the normal buyers slip in one at a time to buy them back up for the rest of the day, minor skirmishes here and there notwithstanding of course.

I really want to see what happens after the election though. If Obama pulls off a squeaker, I expect gun sales, gold sales and silver sales to go through the roof. If Romney wins, I expect gold and silver to do well, but not as well as they would if Obutstain wins, and gun sales will fall.

swissaustrian · 10-04-2012, 05:42 PM

The commercial (bullion banks) short position has been growing massively over the last few weeks. As Gene Arensberg explains in the video below, they either have to cover these shorts now or hope for a crash in silver. It seems they can't engineer the crash, so they're just trying to hold prices where they are whilst they are covering shorts. This happened before the breakout at $28, too.
The COT data packages for the next 2 weeks are so should verify (or falsify) my theory: If the commericial short position shrunk while prices stayed flat, I'm right. If they increased their positions further, they held pms back from breaking out again with additional shorts.

Got Gold Report September 30 2012 - YouTube

DoChenRollingBearing · 10-04-2012, 11:00 PM

ancona, swissaustrian,

All of their little games will fail. And it may not take too much longer. But, I have a history of BAD short-term timing.

That's why I just BUY gold when I have some money come in. Hey! I just got a debt repayment from Peru! Any suggestions where I go spend the money, my friends?

**PMBug** · 10-05-2012, 07:10 AM

Yeah, the lid keeps getting screwed on tighter with every minor break in the seal. It's got to give eventually.

Originally Posted by DoChenRollingBearing

:

... Any suggestions where I go spend the money, my friends?

http://www.topnotchmarine.com/

swissaustrian · 10-05-2012, 11:13 AM

This is what short covering looks like:

Quote :

Cartel Dumps 1.5 x US Annual Silver Production on Futures Market in 5 Minutes on NFP Release
In an attempt to flash-smash silver and prevent a weekly close above the critical $35 level, the cartel dumped an estimated 51 MILLION OUNCES of paper silver on the futures market in only 5 minutes on this morning’s non-farm payrolls release between 8:30 and 8:35 AM EST.

Net Dania’s spot silver chart, which is not a precise futures volume measure but approximates the volume, indicates nearly 10,500 contracts were dumped in a span of merely 5 minutes, and half of those were dumped in a span of 2 minutes between 8:30 and 8:32am EST.

Apparently the t 1/2 of silver market intervention of a year and a half’s worth of paper supply is now approximately 30 minutes as silver has retraced the entire smash, and is trading back at $35/oz!

Silver is a runaway train waiting to happen as the pent-up physical demand is simply breath-taking!

We continue to recommend our readers STACK THE SMACK on any significant cartel take-downs, as silver looks like it wants to head MUCH HIGHER in the near future as QE∞ is now a reality.

http://www.silverdoctors.com/cartel-...n-nfp-release/

DoChenRollingBearing · 10-05-2012, 03:39 PM

@ ancona, swissaustrian,

You guys sure called this one right! Bashed silver right hard... PAPER silver.

@ PMBug

The LAST thing I need in my life is to have to take care of a boat... "The two happiest days in a boat owner's life: the day you BUY your boat, and the the day you SELL it!"

Jetstream · 10-06-2012, 02:50 AM

If you really want to know what it is like to own your own boat but don't have the time to find out, here is how you can -

Stand in your shower fully clothed, turn on the cold water tap and then start stuffing money down the drain.

I can't remember who it was that told me that, but from my boat ownership experience ... it's pretty close to the real thing.

mike · 10-08-2012, 10:16 AM

How many times was gold at 1776 last week? Seems like every time I looked a the spot price, it was 1776. Coincidence? Game on!

silvercoinrn · 10-23-2012, 01:57 PM

I agree. the big boys at the top are manipulating the prices. once the fiat and defecite catches up with us they wont be able to hold the price down. silver will shoot up twice as fast as gold

10-04-2012, 05:10 PM	#1
ancona Yellow Jacket Join Date: Nov 2011 Location: Waaay south Posts: 3,370 Liked: 2046 times	Hard Core Defense at 35 Someone absolutely does NOT want gold over 1800 or silver over 35. It appears to be a concerted effort. The pattern has been to slam the shit out of them and let the normal buyers slip in one at a time to buy them back up for the rest of the day, minor skirmishes here and there notwithstanding of course. I really want to see what happens after the election though. If Obama pulls off a squeaker, I expect gun sales, gold sales and silver sales to go through the roof. If Romney wins, I expect gold and silver to do well, but not as well as they would if Obutstain wins, and gun sales will fall. DoChenRollingBearing likes this. __________________ All things being equal, the simplest answer is quite often the correct answer - Occam

10-04-2012, 11:00 PM	#3
DoChenRollingBearing PM Bug Supporter Join Date: Oct 2011 Location: SE USA Posts: 1,275 Liked: 691 times	ancona, swissaustrian, All of their little games will fail. And it may not take too much longer. But, I have a history of BAD short-term timing. That's why I just BUY gold when I have some money come in. Hey! I just got a debt repayment from Peru! Any suggestions where I go spend the money, my friends? PMBug, ancona, rblong2us and 1 others like this.

10-05-2012, 03:39 PM	#6
DoChenRollingBearing PM Bug Supporter Join Date: Oct 2011 Location: SE USA Posts: 1,275 Liked: 691 times	@ ancona, swissaustrian, You guys sure called this one right! Bashed silver right hard... PAPER silver. @ PMBug The LAST thing I need in my life is to have to take care of a boat... "The two happiest days in a boat owner's life: the day you BUY your boat, and the the day you SELL it!" PMBug likes this. Last edited by DoChenRollingBearing; 10-05-2012 at 03:42 PM. Reason: Eek! Not a boat!

10-06-2012, 02:50 AM	#7
Jetstream Big-eyed bug Join Date: Mar 2012 Posts: 318 Liked: 199 times	If you really want to know what it is like to own your own boat but don't have the time to find out, here is how you can - Stand in your shower fully clothed, turn on the cold water tap and then start stuffing money down the drain. I can't remember who it was that told me that, but from my boat ownership experience ... it's pretty close to the real thing. mike likes this.

10-08-2012, 10:16 AM	#8
mike Ground Beetle Join Date: Feb 2012 Location: Texan in Sweden Posts: 549 Liked: 306 times	How many times was gold at 1776 last week? Seems like every time I looked a the spot price, it was 1776. Coincidence? Game on! __________________ "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." H. L. Mencken

10-23-2012, 01:57 PM	#9
silvercoinrn Fly on the wall Join Date: Oct 2012 Location: Hudson Valley NY Posts: 49 Liked: 11 times	I agree. the big boys at the top are manipulating the prices. once the fiat and defecite catches up with us they wont be able to hold the price down. silver will shoot up twice as fast as gold

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