DrStool Posted May 5, 2011 Report Posted May 5, 2011 The silver thing is getting contagious. I still think it was the margarine, but A- what I think doesn't matter, and B- what I think doesn't matter. What matter's is that it's catching. My Vicks chart stank signals now confirmed. More in tonight's Stick It Up Em. Get your frisk ree troll today. For 1 day only, if you are a returning subscriber, I will give you your old rate. Just use the Contact Us to let me know. If the market takes out 1325, I will raise subscription prices across the board, so now's your chance to beat the increase!
capitall Posted May 5, 2011 Report Posted May 5, 2011 When Bernanke said inflation was a "temporary" problem, he sure meant it. I don't know how to bring the photo of the WIN button from Jerry Ford's administration that someone posted on IDS, but they sure are right about that one. Unlike previous folks in charge, Ben took care of the "inflation" problem so quickly that everyone's heads are still spinning from it. Of course it helped that there is lowered demand for things like oil at current prices in the current economic faux recovery. All he had to get rid of were the speculators, not people who really wanted to buy it at the current price. Can't you just hear the PTB? "OK, it's going to be announced that Bin Laden's been killed, so everyone's expecting a big rally. So here's our chance to sell commodities and stocks high the week after Easter, and then to exit before anyone notices that the Bin Laden Killed Rally is somehow not happening."
DrStool Posted May 5, 2011 Author Report Posted May 5, 2011 When Bernanke said inflation was a "temporary" problem, he sure meant it. I don't know how to bring the photo of the WIN button from Jerry Ford's administration that someone posted on IDS, but they sure are right about that one. Unlike previous folks in charge, Ben took care of the "inflation" problem so quickly that everyone's heads are still spinning from it. Of course it helped that there is lowered demand for things like oil at current prices in the current economic faux recovery. All he had to get rid of were the speculators, not people who really wanted to buy it at the current price. Can't you just hear the PTB? "OK, it's going to be announced that Bin Laden's been killed, so everyone's expecting a big rally. So here's our chance to sell commodities and stocks high the week after Easter, and then to exit before anyone notices that the Bin Laden Killed Rally is somehow not happening." It dawns on me that these increases in margarine did not happen in a vaccuum. Phone calls were made, I'm sure.
DrStool Posted May 5, 2011 Author Report Posted May 5, 2011 I'm a little slow on the uptake, obviously.
K Wave Rider Posted May 5, 2011 Report Posted May 5, 2011 Sillver Gold Crude bullz prolly need a few extra shots of tequila this Cinco de Mayo, eh?
Scully Posted May 5, 2011 Report Posted May 5, 2011 The silver crash was not just caused by hikes in margin. In the past, many times over, the large commercial shorts would create a correction so they could cover at a profit. The "tell" was on Sunday evening at 6:30 pm NY time, which is when Globex is open but Syndey and Hong Kong had not yet opened. A huge sell order was placed at an obviously very illiquid time, and the price dove off a cliff from $48 to $43. Obviously the purpose of this large number of sell orders was to drive the price down, because if the seller wanted to get a good price they would have waited for a time with high liquidity and put in smaller fixed price orders instead of running the stops. This move was probably done by the single largest commercial short, long rumored to be JPM. This is the "signal" to the rest of the commercial shorts that the time had come to drive the price down. On the next two days, there were large declines, but note that the declines only began after the London markets closed. Again, this is to keep the concentrated selling within a window of lower liquidity. Since then the combination of margin increases and a general sense of panic have led to waves of retail selling. These corrections are always initiated by a single large commercial short dumping massive sell orders into the market at a time of extremely low liquidity, which is the "signal" to the rest of the commercial shorts that the feeding frenzy is on and they need to jump in and drive the price down. What is new on this particular correction is the size of the margin increases which were done in lock-step. I have not see that before. Clearly, they were co-ordinated to co-incide with the correction. After all, the logical time to have increased margins was when the price was going up parabolically, not when it is going down by 10% per day.
phatbubble Posted May 5, 2011 Report Posted May 5, 2011 It dawns on me that these increases in margarine did not happen in a vaccuum. Phone calls were made, I'm sure. See my post last night regarding deliverable silver in the COMEX warehouses...there's not nearly as much shwanging pundulous inventory as there was a couple yrs ago. Would be interested in potatohead's take...
phatbubble Posted May 5, 2011 Report Posted May 5, 2011 -- skip -- Fibo, can you explain the King Wen time window stuff a bit? TIA
Trader Joe Posted May 5, 2011 Report Posted May 5, 2011 At this rate Ben will be able to launch the QEIII trial balloon next week. The process is already beginning The signals are conflicting, but: "The Them" had enuff of the monkey business going on in silbah, so they shut it the f**k down "The Them" realize the Sheeple needed to be placated as respects Earl, so they shut it the f**k down "The Them" need to start priming the QEIII propoganda machine, so stocks need to start crashing, b/c that's what matters (ugh!), so they are shutting it the f**k down It is so so so easy if you think like a criminal _________ Meanwhile in POMOland....employment better f**king print 500,000 ...or good night Irene!
phatbubble Posted May 5, 2011 Report Posted May 5, 2011 Tomorrow's the Flash Crash anniversary. Ain't it?
I_Am_Madness Posted May 5, 2011 Report Posted May 5, 2011 Silver weekly chart. If 34 don't hold....28 is doable by tomorrow.
K Wave Rider Posted May 5, 2011 Report Posted May 5, 2011 Tomorrow's the Flash Crash anniversary. Ain't it? 4 hour TF chart from top to flash crash low looks remarkably similar to Silver thru today... So if we continue to follow along, Silver would need to gap up tonight and run up to about 43-44....
Trader Joe Posted May 5, 2011 Report Posted May 5, 2011 Long some May 6th SPY 134Putz @ 0.27Now the market can go up and take my money...again Edit: did a little offsetting with some 136C's @ 0.20 Cashed out of my 134Puts today at $1.12 That was EZ...what's that annualized? Like 1,445,655,5555,000%? Still holding the Calls for the "Big Numba" tomorrow, and Doc's "Redemption Rally 2011" All the POMO juice will be used manana...in theory
I_Am_Madness Posted May 5, 2011 Report Posted May 5, 2011 Same thing happened in 08. Right to the mid point of the weekly BB. Might it hold this time?
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