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  #331  
Old 15-08-2013, 05:39 PM
oreka oreka is offline
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base on COT report, I think JPM is in much better position than in 2011.
almost all of the silver here will be cash settled.

I don;t know how the game will be played, whether up or down. The net short now is far less than 2011. So, they can either go long or short.

If they short, they still can play it up to 25,000 contract cause they have 42,000 contract before. Just wait for U all to long, then they short.

>>>
COT report 17th Mat 2011. silver price USD32- USD40 /oz
Commercial Long 51,398 , Short :- 93,635 :- Nett Short Future & options := 42,237 contract x 5000 = 211,185,000 oz short

COT report 9th Aug 2013. silver price USD22/oz now
Commercial Long 86,116 , Short :- 99,077 :- Nett Short Future & options := 12961 contract x 5000 = 64,805,000 oz short.



Quote:
Originally Posted by freeier View Post
if JPM has enuf silver inventory they still can whack it down to 15$ easily...

waiting waiting..
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  #332  
Old 15-08-2013, 11:14 PM
admin admin is offline
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Quote:
Originally Posted by freeier View Post
if JPM has enuf silver inventory they still can whack it down to 15$ easily...

waiting waiting..
Uncle you waiting with your low-lee to hoot tuah tuah isit?
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  #333  
Old 16-08-2013, 12:56 AM
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daniel.yrh daniel.yrh is offline
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woohoo! What a decent hike! Gold broke 1,350 and silver at 22.50!

update: $1,360 now, $30 increase in a few minutes!
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Last edited by daniel.yrh; 16-08-2013 at 12:59 AM. Reason: $1,360!
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  #334  
Old 16-08-2013, 01:20 AM
Altima Altima is offline
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Hehe. Silver is on steroids!
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  #335  
Old 16-08-2013, 01:36 AM
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daniel.yrh daniel.yrh is offline
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hahahaha so what's next? $1,400 and $30?

wonder what drove the hike?
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  #336  
Old 16-08-2013, 01:45 AM
mapletree mapletree is offline
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Quote:
Originally Posted by daniel.yrh View Post
hahahaha so what's next? $1,400 and $30?

wonder what drove the hike?
Greed and fear

Just read and analyse, investors are reading the data that shows the US economy is still weak, and Fed has been mentioning tapering this year as early as Sept. Bond rates are rising (price fall) , which correlated with stocks (fall in prices), and money needs to be in somewhere, i.e PM. Also, covering of shorts by the recent sell down.
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  #337  
Old 16-08-2013, 02:11 AM
RCT RCT is offline
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hahahaa... Silver already 23 plus... super fast... hahahaha...
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Buying all type of bullion coins and bars. If you have any for sale, feel free to contact me....
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  #338  
Old 16-08-2013, 07:14 AM
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Ryoga2k Ryoga2k is offline
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Quote:
Originally Posted by mapletree View Post
Greed and fear

Just read and analyse, investors are reading the data that shows the US economy is still weak, and Fed has been mentioning tapering this year as early as Sept. Bond rates are rising (price fall) , which correlated with stocks (fall in prices), and money needs to be in somewhere, i.e PM. Also, covering of shorts by the recent sell down.
Not to mention the fact that things in the Middle East are heating up (they're always heating up anyway).
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  #339  
Old 16-08-2013, 07:20 AM
freeier freeier is offline
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Quote:
Originally Posted by admin View Post
Uncle you waiting with your low-lee to hoot tuah tuah isit?
I learnt to expect the unexpected... Just buy when have money..
See your kooks I think make 2.5 each coin leow. Hehee...
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  #340  
Old 16-08-2013, 07:23 AM
Regular_Joe Regular_Joe is offline
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Cheers to all who hoot gold at 1280 Gold holding above 1360 and silver just shy of 23 now...Very fast and furious!
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