Give it up! The CFTC has now admits their is silver manipulation and have a whistle blower providing them with irrefutable evidence during a televised hearing in March. Every rank blogger I know that denied silver manipulation have now gone silent or recanted. Basically no one can deny the silver manipulation with the overwhelming evidence provided by Andrew Maguire!
There is now a law suit in the works against the CFTC for their inaction.
How hard is it for you to see the scams everywhere in the market? Madoff go away with 75 Billion dollar ponzi that ran for 20 years! Come on, dude, the SEC has the legal right to see all trades in the market and in the 12 investigations not once did they say mmm lets see what trades Madoff did last month.
Come on man grow up, stop looking at the world with rose colored classes like I once did.
@davincij15 you talk like it's some kind of an illegal conspiracy to have big short positions. Yeah the guy is short 23% so what, he can do that, he can short 100% of silver positions if he wants to, is that illegal? He might have a huge gold position or gold/silver miner positions and is shorting the metal as a hedge. Maybe you shouldn't get all worked up about trading strategy that you clearly don't understand
It actually is illegal like it's illegal to have large long position. The laws where changed when the Hunt Brothers tried to corner the market in silver causing the price to collapse in the 80s. Today the opposite has occurred, JPM has massive shorts and thus the opposite result will eventually transpire.
I believe that such laws should not exist and people should be able to go massively long or short so long as such large positions are public information.
Consider the power of creating money out of nothing. It means you rule. Think about it, you decide who gets a loan thus making them your free slave.
Also note that silver and the word money is the same in 14 different languages, the dollar is the world reserve currency, every commodity is priced in dollars and every central bank saves 60% + in dollars and people buy something going up all the time. *cough* housing *cough*
fun with big boats full of oil ..101 2 mil barrel tanker rental rates... sept 3200 $ a day...oct 12000$ day nov 15000 $day....dec 27000 $day average 15k to rent a boat to store 2 mil barrel of oil per day oil price increase 10$ = 20 mil profit on boat load of oil 100 rental days at 15k average is only 1.5 mil lotz of profit margin if positioned properly .. this oil is entering market now ...many boats full... should cause oil to price downward ....unless middle east conflict ignites ...
strangeness today ... everything is up.. dxy ..gold.. stocks ..it's all green note gold and silver price action today over lay their charts ..almost identical moves ... very odd ..everything looks positive today leeds me to think life in the shadows ...i.e. shadow banking and finance not so good ...equally as bad or worse as today looked good ..on the street... equally and opposite ...and all that stuff just a thought ...take care silver wants to go to 20 ..just has to find 19 first ..
If it came from stellaconcepts that predicted and I quote "USD To Default On Its Debt Or Devalue Its Currency In July/August " 6-3-09, it must be true.
@1min. Don't look now, but silver is already at $18.70, so $19 is very very close. It will go back above $19--but I don't know how high it will go before going in another downleg.
The problem with bull markets is that they get away from you. IE silver is making higher highs and higher lows. davincij15 says wait for the pullback. I am not, just MHO.
Silver has to take out 18.92 and it's up up away. If it takes out 18.16, we will see it at 17.5.
But the charts are unclear Stochastic is embedded meaning its bullish to the upside but it needs to make higher highs soon or the stochastic reading will break out the down side.
Silver has broken out of a short trend 7 day trend line and is above a lower 14 month trend line that is at the 17.5 so it can touch it and still be in the upward trend.
@davincij15 I'll take a stab of what's going to happen. I'm the guy you lost a pizza to on the $ index bet. You thought the $ index would be at 50 by the end of 09 Gold had left the ordinary trading range in Oct and Nov of 09. Its final rise saw 21 daily gains against only 3 declines. This is parabolic terminal action. Take profits Also, the Dow has given a major warning of a temporary top with 523 new stock highs on Jan 11. Take largest profits. Don't be greedy and end up behind the 8 ball.
It could be that he is hiding behind a technical definition, yet 'boxed' or not, it is still a short. And there are many reasons to hide the real total short. If it is 40%, this entity is HUGE. A short this huge is very well motovated and for other than investment purposes. It is obvous they are there to kill the price. It's likely the Fed's proxy, and with that kind of unlimited money and influence, is a massive nake short possible? It could dilute this market a long time.
It has been diluting the silver market for a long time. Hard money is the great enemy of fiat currency. You must keep the price of silver and gold down or the fiat currency will fail. The Founding Fathers knew this simple fact and called for gold and silver COIN to be the money of the Republic. The Fed could not exist without being able to pull paper money out of its ass under the fractional reserve system. The US gov't is corrupt; to hell'em with all existing politicians. Let's vote them out!
@davincij15: Bart Chilton is on our side. He did not make a mistake when he said 1 trader has 23%. He did it on purpose, under the clever guise of debunking "conspiracy theories". In his clever faux debunking, he ADMITTED to the world that there is manipulation in short COMEX silver, since 1 trader has 23%. Then Chilton said that 23% is too high anyway. So, the CFTC is on the RECORD saying that 1 trader has 23% of the short comex silver market, and that 23% is too high for 1 trader.
Yes, we can only speculate if he was actually helping us by such a slip up. It is big and but we did not need the confirmation but have 2 independent people confirming the short positions of JP Morgan has increased credibility, enough for edge funds to act if they have enough cheddar.
I Read Jason Hommel's last email exchange with Bart. He totally grilled him (Politely) and at the end Bart told him to fuck off...Im not kidding. I couldn't believe it. Our government at its finest once again protecting us from ourselves and supporting criminals. It looks like some people are shakin the bush to see what snakes slither out.....
Hommel should grill the other CFTC commissioners that do not give a chit about metals manipulation--why go after Chilton? why bite the hand that feeds you? The ONLY reason that there will be dedicated metals hearings in March is 100% because of Bart Chilton. He has been pushing this for at least 7 mos. Gensler agreed. Hommel should spend his time going after the cowardly commissioners that do whatever their staff tells them to do re: metals, as Chilton pointed out. Did you catch that part?
@ Moto: I did read. I am surprised that Hommel would make the emails public and bite the hand that feeds us. What is the point of winning the battle but losing the war? What if Chilton says to hell with those nutty silverbugs? What then? No metals hearings in March, I will tell you that.
Hommel was more interested in gratifying his righteous indignation and indulging his pride, than he was interested in our common goal to stop sliver COMEX manipulation. I thought Hommel was Christian?
The hyper-simplified answer to your question is this: The massive short-selling suppresses the price of silver. If shorting is limited, then the price of silver can rise to match its natural market value. We're hoping that a bunch of corrupt, greedy suits will take action to do the right thing.
Yep. Not too optimistic. On the other hand, the market may get away from them as the price rises due to market pressures, because shorters NEED the price to stay low. =^[.]^=
The organization, yes. But not every individual is corrupt. I submit that Chilton is not--he stuck his neck out for metal manipulation in a big way on Thursday.
All sitting commissioners are corrupt and are cowards. I expect them to tell the truth at the very least. To say that Bart is on our side because he accidentally blurted out the truth is ridiculous. Our leaders should be shouting out the truth when they see corruption. The CFTC has been allowing manipulation for years because the damn Fed says it's for our own good. The US gov't believes keeping the price of gold and silver down is best for the country. Let's vote these bastards out.
Yeah, that I understand...it's just the logic is pretty fucked up in my book. I'm used to there being a gain, not a zero-gain. -Unless..oh forget it. lol
he might be hedging positions or could be anything, you dont know what the guys other positions look like
dave997 1 year ago
@dave997
Give it up! The CFTC has now admits their is silver manipulation and have a whistle blower providing them with irrefutable evidence during a televised hearing in March. Every rank blogger I know that denied silver manipulation have now gone silent or recanted. Basically no one can deny the silver manipulation with the overwhelming evidence provided by Andrew Maguire!
There is now a law suit in the works against the CFTC for their inaction.
davincij15 1 year ago
@dave997
How hard is it for you to see the scams everywhere in the market? Madoff go away with 75 Billion dollar ponzi that ran for 20 years! Come on, dude, the SEC has the legal right to see all trades in the market and in the 12 investigations not once did they say mmm lets see what trades Madoff did last month.
Come on man grow up, stop looking at the world with rose colored classes like I once did.
davincij15 1 year ago
@davincij15 you talk like it's some kind of an illegal conspiracy to have big short positions. Yeah the guy is short 23% so what, he can do that, he can short 100% of silver positions if he wants to, is that illegal? He might have a huge gold position or gold/silver miner positions and is shorting the metal as a hedge. Maybe you shouldn't get all worked up about trading strategy that you clearly don't understand
dave997 1 year ago
@dave997
It actually is illegal like it's illegal to have large long position. The laws where changed when the Hunt Brothers tried to corner the market in silver causing the price to collapse in the 80s. Today the opposite has occurred, JPM has massive shorts and thus the opposite result will eventually transpire.
I believe that such laws should not exist and people should be able to go massively long or short so long as such large positions are public information.
davincij15 1 year ago
5 stars.
turboredcart 2 years ago
What I do not understand is what the banks (JP Morgan the management behind SLV) are getting by manipulating the silver market down.
EdR77203 2 years ago
Good question.
First google and watch the video...
"Money as Debt"
Consider the power of creating money out of nothing. It means you rule. Think about it, you decide who gets a loan thus making them your free slave.
Also note that silver and the word money is the same in 14 different languages, the dollar is the world reserve currency, every commodity is priced in dollars and every central bank saves 60% + in dollars and people buy something going up all the time. *cough* housing *cough*
davincij15 2 years ago
You have to be the first black Ron Paul supported I have ever seen. Respect!
FUZZYisBIG 2 years ago
There are many of us, freedom is a black thing. ;)
LOL
davincij15 2 years ago
Wow, keep living, I am a Ron Paul support. Oh bye the way, I'm black. Do you want further proof. I can provide many many more. Live and Learn
junkyarddog47 2 years ago
chena3 2 years ago
chena3 2 years ago
Bolenger band is giving silver some head room to run.
davincij15 2 years ago
In case you did not find, watch
watch?v=GKURxNMi2xA
You'll find all versions if you wish.
What do you think?
Thanks.
TheCZMan 2 years ago
If it came from stellaconcepts that predicted and I quote "USD To Default On Its Debt Or Devalue Its Currency In July/August " 6-3-09, it must be true.
marketwatch101 2 years ago
Frak
BLynchCAN 2 years ago
please tell me why Im seeing high prices on copper, alluminum and scrap iron. something is up
sepftc 2 years ago
Yeah that happens when you print 2 trillion and hand it out.
That happens when the US gov goes into debt 1.4 trillion and 80% is printed.
davincij15 2 years ago
yet I have not seen it on bread, milk and cheese.
sepftc 2 years ago
So what do you think, will silver take a pull back any time soon or will this news push the price up past $19?
onemindonespirit 2 years ago
@1min. Don't look now, but silver is already at $18.70, so $19 is very very close. It will go back above $19--but I don't know how high it will go before going in another downleg.
The problem with bull markets is that they get away from you. IE silver is making higher highs and higher lows. davincij15 says wait for the pullback. I am not, just MHO.
truont 2 years ago
@truont Don't look now. :)
onemindonespirit 2 years ago
There is a 60% chance that silver will drop to high 17 this week. If it does not then things may get ugly in the upward move.
davincij15 2 years ago
Silver has to take out 18.92 and it's up up away. If it takes out 18.16, we will see it at 17.5.
But the charts are unclear Stochastic is embedded meaning its bullish to the upside but it needs to make higher highs soon or the stochastic reading will break out the down side.
Silver has broken out of a short trend 7 day trend line and is above a lower 14 month trend line that is at the 17.5 so it can touch it and still be in the upward trend.
Short answer I don't know whats going to happen.
davincij15 2 years ago
@davincij15 I'll take a stab of what's going to happen. I'm the guy you lost a pizza to on the $ index bet. You thought the $ index would be at 50 by the end of 09 Gold had left the ordinary trading range in Oct and Nov of 09. Its final rise saw 21 daily gains against only 3 declines. This is parabolic terminal action. Take profits Also, the Dow has given a major warning of a temporary top with 523 new stock highs on Jan 11. Take largest profits. Don't be greedy and end up behind the 8 ball.
marketwatch101 2 years ago
This is really starting to get interesting.Tons of great comments!
sarahsgift1 2 years ago
I'm new to trading and I'm interested to learn how you discerned how many spreads there are in the open interest?
WizardKing78 2 years ago
As of Jan 15 there are 23,583 spread contracts. Meaning the seller is also holds an equal number of longs.
How do we know JPM doesn't have spreads? The CFTC has a bank participation report that shows the number of bank spreads, it's a small number.
davincij15 2 years ago
And you obtained this data from the Commitment of Traders section in the CFTC website?
WizardKing78 2 years ago
Yes, as well as BANK PARTICIPATION IN FUTURES MARKETS
davincij15 2 years ago
Thanks! Becoming familiar with the futures market is quite a steep learning curve, but absolutely riveting once you get the bug.
WizardKing78 2 years ago
What do you think of Dog Fight by Move?
I think you can find it on YT.
Thanks for the answer.
TheCZMan 2 years ago
a bird in the hand is worth 2 in the bush. That's what my grandma use to say, she also said "never look a gift horse in the mouth".
Is there anyone who isn't corrupt in the business world?
jonyjoe896 2 years ago
Peter Schiff.
davincij15 2 years ago
Great Point! Thanks.
Bassmarko 2 years ago
What does it mean exactly when someone says they have / there is a short contact / short position in silver?
Vertedism 2 years ago
I have sold silver I do not have right now. A long is I have paid for silver I will be getting at a future date OR the cash equivalent.
davincij15 2 years ago
Nice :o)
(that's all I am saying for fear of you know who lol)
GuildF40 2 years ago
HSBC suppress the silver market, so much more shit going on in that market and the gold market! Damn Derivatives and ETF Scams!
Hendo1974 2 years ago
It could be that he is hiding behind a technical definition, yet 'boxed' or not, it is still a short. And there are many reasons to hide the real total short. If it is 40%, this entity is HUGE. A short this huge is very well motovated and for other than investment purposes. It is obvous they are there to kill the price. It's likely the Fed's proxy, and with that kind of unlimited money and influence, is a massive nake short possible? It could dilute this market a long time.
InTheSticks1881 2 years ago
It has been diluting the silver market for a long time. Hard money is the great enemy of fiat currency. You must keep the price of silver and gold down or the fiat currency will fail. The Founding Fathers knew this simple fact and called for gold and silver COIN to be the money of the Republic. The Fed could not exist without being able to pull paper money out of its ass under the fractional reserve system. The US gov't is corrupt; to hell'em with all existing politicians. Let's vote them out!
budb11 2 years ago
Thanks for explaining this.
fal2grace 2 years ago
Who do you think will come out on top ? The big money or the little guy ?
tfrenn 2 years ago
@davincij15: Bart Chilton is on our side. He did not make a mistake when he said 1 trader has 23%. He did it on purpose, under the clever guise of debunking "conspiracy theories". In his clever faux debunking, he ADMITTED to the world that there is manipulation in short COMEX silver, since 1 trader has 23%. Then Chilton said that 23% is too high anyway. So, the CFTC is on the RECORD saying that 1 trader has 23% of the short comex silver market, and that 23% is too high for 1 trader.
truont 2 years ago 2
Yes, we can only speculate if he was actually helping us by such a slip up. It is big and but we did not need the confirmation but have 2 independent people confirming the short positions of JP Morgan has increased credibility, enough for edge funds to act if they have enough cheddar.
davincij15 2 years ago
I Read Jason Hommel's last email exchange with Bart. He totally grilled him (Politely) and at the end Bart told him to fuck off...Im not kidding. I couldn't believe it. Our government at its finest once again protecting us from ourselves and supporting criminals. It looks like some people are shakin the bush to see what snakes slither out.....
Motoicon 2 years ago
Hommel should grill the other CFTC commissioners that do not give a chit about metals manipulation--why go after Chilton? why bite the hand that feeds you? The ONLY reason that there will be dedicated metals hearings in March is 100% because of Bart Chilton. He has been pushing this for at least 7 mos. Gensler agreed. Hommel should spend his time going after the cowardly commissioners that do whatever their staff tells them to do re: metals, as Chilton pointed out. Did you catch that part?
truont 2 years ago
@truont Just read the exchange. I think you would be surprised
Motoicon 2 years ago
Comment removed
truont 2 years ago
This has been flagged as spam show
@ Moto: I did read. I am surprised that Hommel would make the emails public and bite the hand that feeds us. What is the point of winning the battle but losing the war? What if Chilton says to hell with those nutty silverbugs? What then? No metals hearings in March, I will tell you that.
Hommel was more interested in gratifying his righteous indignation and indulging his pride, than he was interested in our common goal to stop sliver COMEX manipulation. I thought Hommel was Christian?
truont 2 years ago
I would like to read that exchange please send me the link in a private message.
davincij15 2 years ago
How does this effect us little guys?
whiskerchild 2 years ago
@whiskerchild
The hyper-simplified answer to your question is this: The massive short-selling suppresses the price of silver. If shorting is limited, then the price of silver can rise to match its natural market value. We're hoping that a bunch of corrupt, greedy suits will take action to do the right thing.
Yep. Not too optimistic. On the other hand, the market may get away from them as the price rises due to market pressures, because shorters NEED the price to stay low. =^[.]^=
Raycheetah 2 years ago
The slime is so deep in the market you need a hazmat suit to step in the excrement up to knees.
vashguud 2 years ago 3
Yep, SEC the CFTC all corrupt.
davincij15 2 years ago
The organization, yes. But not every individual is corrupt. I submit that Chilton is not--he stuck his neck out for metal manipulation in a big way on Thursday.
truont 2 years ago 4
Yes he did and I am sure he got in trouble for that remark.
davincij15 2 years ago
All sitting commissioners are corrupt and are cowards. I expect them to tell the truth at the very least. To say that Bart is on our side because he accidentally blurted out the truth is ridiculous. Our leaders should be shouting out the truth when they see corruption. The CFTC has been allowing manipulation for years because the damn Fed says it's for our own good. The US gov't believes keeping the price of gold and silver down is best for the country. Let's vote these bastards out.
budb11 2 years ago
Keep in mind who is in charge. The banks have bought and paid for all judges and prosecutors long ago.
Bart has to walk a tight rope of his job and prison sentence to help US.
So be grateful he is doing something compared to the other cowards that do nothing and suck off banker tit.
davincij15 2 years ago
Great Video Response, thanks DaVinci!
JDLindskog 2 years ago
Thanks for the explanation.
EquilibriumTheory 2 years ago
I really do not see a problem with anyone shorting silver so that DaVinci could buy more
sinitskyd 2 years ago
great vid
feegeit 2 years ago
Holy shit, I'm gonna have ta start drinking again...that just went over my head. Intoxication will surely help with the logic of it all bit... :P
AfterTheFox75 2 years ago
If you buy ten and sell ten what is your total?
Zero.
The CFTC counts a person having purchased and sold the same amount as 2 transactions when the total is zero.
davincij15 2 years ago
Yeah, that I understand...it's just the logic is pretty fucked up in my book. I'm used to there being a gain, not a zero-gain. -Unless..oh forget it. lol
AfterTheFox75 2 years ago
JP Morgan Chase is the people's enemy right now.
TheLiberalssuckdick 2 years ago 14
Have they ever been our friends?
AfterTheFox75 2 years ago 11
Thanks for the clarification!
sarahsgift1 2 years ago
THANK YOU FOR SPEAKING THE TRUTH!!!!
streetmoney21 2 years ago
Good response vid.. needed to be said
Eraser7622 2 years ago
Hopefully Ted Butler is right about these position limits....but not too soon so I can stack some more. :)
Zwikster 2 years ago
So what u think thats gona mean for silver in the comming weeks and months
ramp31 2 years ago
The train will leave the station ether in March or September. Those months the big boys come out to play hard.
davincij15 2 years ago
Did you get to read the verses I sent you?
plalelal 2 years ago
No, what did you send me?
davincij15 2 years ago