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Bear Stearns Déjà vu?
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Thread: Bear Stearns Déjà vu?

  1. #1
    Join Date
    May 2003
    Posts
    4,213

    Post Bear Stearns Déjà vu?

    Snippet:
    My point is this – I can’t assign precise or accurate odds on whether the big shorts will succeed yet again in rigging gold and silver prices low enough to induce a sufficient number of (mostly) managed money longs to sell and go short or they will fail in that attempt. So let’s call it 50 – 50, or even higher odds to the downside.But while the odds may be a tossup or even more configured for a selloff, there is no comparison between the likely price responses should the big shorts succeed or fail. Complete success by the shorts suggests the downside targets outlined above, while a failure points to an upside price move out of proportion with anything previously experienced. To be specific in silver, a big short failure should translate into an up move of dollars a day for more than a few days. Call it $2 to the downside, $50 or $100 to the upside. If there is a better risk/reward ratio available, I’m not aware of it.


    Thursday, February 27th


    Having traded as high as $1691 in COMEX April gold and $18.92 in March silver on Monday on near-record volume and closing not far from those levels as of the 1:30 PM EST settlements, prices sold off sharply in the always thinly-traded afterhours. As expected, the all too common occurrence drew complaints of market rigging. To be sure, the sudden selloff was deeply suspicious, but the suspected culprits were not surprising when one examines the known data.
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  2. #2
    Join Date
    Dec 2008
    Location
    Zionot, Squashkenazi
    Posts
    11,586

    Lightbulb prediction

    Since I sent my first ever and only *buy silver now* (at $15.05) e-mailing to my associates at 6 PM CDT last July 9th,



    it seems that the kabbal can't afford to let silver get past $18.50, or under $16.50 as the stackers draw down the supply too fast a that low spot price.
    So how long can it stay in that range?
    Not much longer is my guess.
    I'm thinking $23.45 before the end of this year, a very conservative estimate.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  3. #3
    Join Date
    Dec 2008
    Location
    Zionot, Squashkenazi
    Posts
    11,586

    Default at THE bottom



    I'd been waiting for $16.50 for 5 months.
    Now that it's almost here I'm going to skip buying as I most likely need to use my cash for home improvements.
    However if I had the bucks, I'd buy a kilogram or two right now, because silver's dirt cheap..
    Once silver gets to $10 per gram, a $575 kilo will be worth $10,000.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

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