Experimentation with Silver Shorts

[prahudka]

Imagine you have a pile of cash.

Read the figures on commercial short positions -- extremely high. http://news.silverseek.com/COT/1202502827.php

Are you guessing the price is coming down? Isn't that the prevailing wisdom?

Let's see if leaving that pile of cash your your mattress for now is a good idea.

[chux03]

Imagine you have a pile of cash.

Read the figures on commercial short positions -- extremely high. http://news.silverseek.com/COT/1202502827.php

Are you guessing the price is coming down? Isn't that the prevailing wisdom?

Let's see if leaving that pile of cash your your mattress for now is a good idea.


I guess that idea is toast. That mattress idea is about as good as shorting the silver market... What?? Silver is up about 10% since this thread was posted almost 30 days ago??
Glad that short bet was your money!!

[JesterJay]

There is a new order to silver. The BIG shorts are almost at D-Day, D Day they are caught in their HUGE lie and have to resolve their manipulation attempt. It worked for a while, but not anymore.
They are screwed. They loose MILLION$ every day. SOON they will have to end their self-devouring suicidal short play. They USED to make money. NOT any more.
My Dad just called (BIG SILVER CO.-name changed to protect the guilty) to take delivery of his 1000 oz bars and decided to have Silver American Eagles delivered instead. Easy transaction but his sales guy had to ask someone else how to do it.
You want to know why?
After all his years working at MONEX (Dad has dealt with him for at least 5 years, may be more) he said he has NEVER done this before.
Really? Yup, really.
Never cashed in and delivered STORED silver to the "OWNER" out of a leveraged account? Never.
Probably because there is no silver to be delivered. They have to go find some so they can send it to him. I read the certificate. Dad thought they had real silver on hand backing his transactions. Now he knows that they do NOT. (none of them do- you do the homework for yourself and you will see)
NONE of the Banks, Dealers, ETFs have REAL silver on hand backing the purchases of their customers and I would like to see ANY and ALL of them prove that they do.

IF YOU AIN'T GOT SILVER IN YOUR HANDS you will soon be hanging your head in your hands wondering where all your money went. There is only 500 million ounces of real silver above ground and about 3 billion ounces are owned in "paper contracts". Guess who really has silver? Someone holding a flimsy piece of paper promising silver OR someone like me who can and is holding it in his OWN 2 hands?

If you can't see it, hold it, and put it in your safe. It's not yours.

Don't take it in the shorts- buy real physical silver and be wealthy,
Jay


I guess that idea is toast. That mattress idea is about as good as shorting the silver market... What?? Silver is up about 10% since this thread was posted almost 30 days ago??
Glad that short bet was your money!!

[prahudka]

I guess that idea is toast. That mattress idea is about as good as shorting the silver market... What?? Silver is up about 10% since this thread was posted almost 30 days ago??
Glad that short bet was your money!!

Actually the real money was everything under the mattress and the sofa cushions -- going long.

I only imagine that I am running with the silver principalities and powers, which would have left me a loser.

[prahudka]

There is a new order to silver. The BIG shorts are almost at D-Day, D Day they are caught in their HUGE lie and have to resolve their manipulation attempt. It worked for a while, but not anymore.
They are screwed. They loose MILLION$ every day. SOON they will have to end their self-devouring suicidal short play. They USED to make money. NOT any more.
My Dad just called (BIG SILVER CO.-name changed to protect the guilty) to take delivery of his 1000 oz bars and decided to have Silver American Eagles delivered instead. Easy transaction but his sales guy had to ask someone else how to do it.
You want to know why?
After all his years working at MONEX (Dad has dealt with him for at least 5 years, may be more) he said he has NEVER done this before.
Really? Yup, really.
Never cashed in and delivered STORED silver to the "OWNER" out of a leveraged account? Never.
Probably because there is no silver to be delivered. They have to go find some so they can send it to him. I read the certificate. Dad thought they had real silver on hand backing his transactions. Now he knows that they do NOT. (none of them do- you do the homework for yourself and you will see)
NONE of the Banks, Dealers, ETFs have REAL silver on hand backing the purchases of their customers and I would like to see ANY and ALL of them prove that they do.




That can't be. It would be against the LAW!

As for the eagles, I read not to buy them -- too expensive. But, 2.00 on 20.00 melt seems to be no big deal to me. Might the eagle be a little more endangered soon?

IF YOU AIN'T GOT SILVER IN YOUR HANDS you will soon be hanging your head in your hands wondering where all your money went. There is only 500 million ounces of real silver above ground and about 3 billion ounces are owned in "paper contracts". Guess who really has silver? Someone holding a flimsy piece of paper promising silver OR someone like me who can and is holding it in his OWN 2 hands?


I keep hearing this. I talked to my coin dealer today. He disagreed and didn't want to hear about the industrial consumption of silver. I mean, I guess Morgan, Butler, Hommel and Friedman (and even the Mogambo now) know something about the issue. But, that is an awful lot of consumption.

Hommel cited 600 million of ounces produced last year and one billion ounces in storage as bullion/coins. Those two numbers were too close to each other for me to accept them at face value. What do you say?

BTY

Morgan is also saying that some billion or so ounces have disappeared. Disappeared where? How can he know that?
http://news.silverseek.com/SilverInvestor/1204906825.php