From what I recently learned about the banking system, All Banks are ponzis. I mean, for every 1,000 dollars they have in their safe, Banks can lend 9,000 and then say they have 10,000 in capital. If I am wrong someone correct me, but, I think that is the banking system.
So your going to short a bullish technical pattern during it's consolidation phase and then scoop up physical before it breaks to the upside? Good luck!
JPM's massive short positions seem to be linked to Dollar value. Now if they get caught out by massive defaults on credit cards whilst the dollar continues to fall (despite overt manipulation), and then they have to also cover their silver shorts what do you think would happen to the dollar and silver if they collapse?.
Surely the powers that be cannot afford for this to happen to such a close friend, so do you think that they'll be bailed out to cover their shortfalls?.
That's my strategy going forward. If enough people wise up to these banks and buy the real thing, the shortages will force the mining stock prices up.
Can I ask a really dumb question? How do you buy shares on your computer! Can you buy and sell like that. Lets say for arguments sakes that I wanted to but 100 shares. How can I do that. Sorry you must think I am stupid but I really don't have any idea!
September is D-day..! the biggest ponzi scheme out there i think is the USD as a world reserve currency! WTF
minimoo2000 2 years ago
"I don't know what the biggest Ponzi scheme is out there; probably the dollar..."
Beautiful! That comment was Gold!
Frequencitee 2 years ago
Yeah I tend to lump this under the whole $/debt Ponzi, since FRN's are just debt instruments.
Y3rMawm 2 years ago
Biggest Ponzi? I'm going with Social Security, and Medicare. $56T in debt about to break loose. Dollar is a good candidate.
Can't wait to see the Mayan Cal vid.
Y3rMawm 2 years ago
From what I recently learned about the banking system, All Banks are ponzis. I mean, for every 1,000 dollars they have in their safe, Banks can lend 9,000 and then say they have 10,000 in capital. If I am wrong someone correct me, but, I think that is the banking system.
Clarissa2424 2 years ago
They call it fractional reserve, clarissa, but essentially you're right, that's how they operate.
Great vid silver trader! I don't know anything about that Mayan stuff, but everything else sounded great. Looking forward to an update tonight :D
drutter 2 years ago
just beware the ETF's, which are only paper.
If you have not fallen into the paper wealth world of stocks, then go find some physical stuff, a good guard dog, and don't tell anybody about it.
Y3rMawm 2 years ago
Silver is up in Asia tonight, do you think ZSL is still long come morning of 04/07?
Deoptics8 2 years ago
no way to tell yet it depends on how much it has reversed but as long as SLV is below the 100 day moving average it's a short.
tradergee1 2 years ago
So your going to short a bullish technical pattern during it's consolidation phase and then scoop up physical before it breaks to the upside? Good luck!
1750621 2 years ago
Silver broke its uptrend and gave a sell signal today.
tradergee1 2 years ago
Ledbed gave that JPM Put this morning? Are you following him?
Deoptics8 2 years ago
Yes I do I usually credit him but I forgot
tradergee1 2 years ago
if you're into 2012 and silver you might be interested in this... ebay item # Item number: 190296300010
cabaretvolt 2 years ago
Thanks l"ll check it out
tradergee1 2 years ago
cabaretvoltIt's interesting I'll grant you but £900 for a kilo of pretty silver?. I got plenty of pretty silver at way-y-y less than half that price.
ShillBasher 2 years ago
No kitty.....he's out again.........
:)))
dgmoocher 2 years ago
She went back to her owner,I was cat sitting for more than 2 years
tradergee1 2 years ago
Hi! Funny thing is, the real physical premiums arent dropping as fast. Can you smell manipulation? ;)
johto 2 years ago
$9.00 oz ? I'll buy... tonnage!
143DREWID 2 years ago
JPM will just get more money from gov if they need it.
Eggy0 2 years ago 2
JPM's massive short positions seem to be linked to Dollar value. Now if they get caught out by massive defaults on credit cards whilst the dollar continues to fall (despite overt manipulation), and then they have to also cover their silver shorts what do you think would happen to the dollar and silver if they collapse?.
Surely the powers that be cannot afford for this to happen to such a close friend, so do you think that they'll be bailed out to cover their shortfalls?.
ShillBasher 2 years ago
They're filling the market with their junk paper, that's their biggest mistake knowing that there's a physical Silver shortage.
You know what they say, the bigger they are, the harder they fall. Just buy more cheap Silver and thank the banks for doing their job :)
btbking 2 years ago
That's my strategy going forward. If enough people wise up to these banks and buy the real thing, the shortages will force the mining stock prices up.
johntheunique 2 years ago
Wall street banks are trying to break the gold and silver market again.
JOConnor100 2 years ago
Right now we are crying Silver tears,
hope we see a lining again soon.
Airave 2 years ago
Can I ask a really dumb question? How do you buy shares on your computer! Can you buy and sell like that. Lets say for arguments sakes that I wanted to but 100 shares. How can I do that. Sorry you must think I am stupid but I really don't have any idea!
CelticReject 2 years ago
Dude you havent posted in a while. My mom thinks silver will go back to 9 an ounce as well.
Good point on JP Morgan, the gov't can say unemployment is anything but the companies with big credit card exposure will be a better measurment.
limitedplay 2 years ago
I have never felt safe with paper silver.
buyred 2 years ago