ROFL ! SI !

[MAGNES]

AUGUST 31 2010 COT

They capped 50 million oz in one week :o, SI, are the wheels
going to come off, SI sitting just sub $20.00. SI going
straight sideways overnight. Gold doing same sitting right
on $1250 .

I ain't watching this, see you tonight, have fun.
Seeing this early morning made me laugh.
SI is a little biatch too, a tease.


http://snalaska.net/cot/current/charts/SI.png

http://snalaska.net/cot/current/charts/GC.png

http://www.zeitgeistaustralia.org/wordpress/wp-content/uploads/2009/08/david_rockefeller.jpg :o

[Saul Mine]

Does this thread come with instructions?

[MAGNES]

Does this thread come with instructions?


Very significant numbers and COT situation.

You don't think so ?

The patient has flat lined, ROFL !

What do you think is coming Saul Mine. ?

This is a killer setup for both sides.

Most significant, most of the capping was done way
above 1600, especially last week, you think Rockefellers
operation will lose 50 Million per dollar on SI just on last
weeks capping, lol ? Just a question. Maybe they found
some sort of CDS suckers on SI ? lol

"it's the last call on the train" who said that and when, ROFL !

These charts make me laugh. Especially SI.

COT charts makes me want to scream, let's get it on ff sakes.

Where is my hat eating friend, care for number 4 ? What's the floor ?

I'll tell you what, I will eat my hit if SI stays above $ 20 for 3 consecutive days.

To your 3 , lol . I want witnesses. ;D

http://i51.tinypic.com/281buo7.gif

http://i54.tinypic.com/o6jxn5.gif

[Gknowmx]

What is this the world series of silver? How about the best 4 of 7, why stop at 3 days? ;D

[MAGNES]

What is this the world series of silver? How about the best 4 of 7, why stop at 3 days? ;D


That's basically a technical analysis number, doesn't have to be 3 days
but that shows strength and is not a blow off top like you have seen
recently where SI gets close to $20 then gets dropped fast, they don't
want it near $20 so they hit it. $20 is major resistance and psycological
too. It's a big deal, they think so too, look at the capping, 50 million last
week, huge. They are nervous and working, but they can drop it any time.
They are blatant too, that is blatant dirty sh*t everyone can see how
criminal they are. I have a thread in metals section. I took positions
at 1960 too, going short, I have been pretty good at picking intermediate
tops, here and on gim I posted many times, before it happens.

[Trinity]

Where is my hat eating friend, care for number 4 ? What's the floor ?

I just posted this on another thread. The old floor bet was 16 bucks and it only traded under it for a day hence no need to consume the whole hat. The new Floor? Silver is seeking that out right now. Absolutely over twenty bucks.

The hat from that 16 dollar floor bet.

[FunnyMoney]

It can go either way. If they see that too many traders are aware of their games and start selling, then they may try to sucker them in to short selling, and then stop them out by letting it push back to 20.30 or somewhere.

Yes, I agree they want to keep it down below $20. But China is the number 3 producer of silver. If they want to cause trouble they have plenty of paper cash to do so. They have set up their trading desks and investment houses long ago. If they want this to be the 3 times and a charm then they will do so and we'll never seen the teens again.

Silver is not for the novice trader, the best way to invest in silver is with physical and a many year time target.

[Gknowmx]

Magnes,

I don't doubt your technical analysis, but my interest in silver is not as a trader, it is much deeper than that. Fundamentally, there are those of use who see that the current monetary system is mathematically impossible to sustain. What affects my long-term position decision has little to do with price swings and more to do with balancing my own resources. If you're taking all these positions in/out of physical, I might be impressed, but if you dare play with paper, all the paper is at risk, period. There will be no shortage of traders who will be technically correct in their calls.... and never get paid. THAT day is coming. Honestly, I don't pay much attention to the pricing of silver, there is just very little point if you are in it for the long haul.

And, it is more entertaining to watch people who have a technical interest rather than a fundamental one; they may have a bit more time to see the light and get into physical, but that window is closing. Sure there are those here that have physical positions that claim they only dabble on the edges with paper. I would say it is time for some to start getting gambling habits under control now; they should seek help as needed. Make no mistake, playing with any amount of paper is purely gambling, in any market. Either folks have a gambling problem, completely misunderstand the fundamentals, or both.

Fundamentally, I do agree, "they" have fought like hell, but with so many other commodities going through the roof presently, now is the time to beat a manufactured retreat under the cover of general commodity inflation. If "they" don't, they will get routed anyway. Hell, "they" can then claim that it is the industrial demand for silver that is driving the price, just like all the other commodities, and hey, that must mean the economy truly is recovering. "they" will then whip-saw the crap out of paper traders thinking now is the time to get into ETFs. 19.60, 20.00, 25.00, and on and on...

[MAGNES]

Magnes,

I don't doubt your technical analysis,


This thread was mostly for fun.
I posted key stuff though.
http://gold-silver.us/forum/gold-silver-precious-metals/fighting-gold-at-1220/

At gim I was one of the only people posting this key information.
Knowledge lost after the purgings. Very few made reference to COT.

This is mostly about COT analysis not tech,
you obviously ain't familiar with my posts and
threads on here, on gim and on agora. The entire rigging operation is
in the COT charts, usually I have built up threads with references and
charts, tech analysis is part of it, they use it their advantage.

I learned this on gim and was even attacked on gim for posting
material like this. Knowledge lost on there.

COT analysis is from key people writing about this.
Which I have referenced over and over.

Most of my account is waiting to go long, I did that 3 years in a row.
Last year they didn't close out properly on COT and I took no positions long,
made mistakes, this summer they did nothing, everything is peaking, all
stars lined up minus seasonals but they will psych people out on that
like before. I made a lot of money. Gave a good percentage back too buying puts.
I even picked the bottoms in 2008. Go ask the agora people, I had a famous
thread in real time to share what I did in past and what is coming and what
I am doing. My hat eating friend said it was the best thread ever. Ask him.

We can guess where silver will land roughly, watch the COT chart. It is all there.

Now what happened today ? ROFL !

I see my hat eating friend took the bait.

Got away on em, they are going to get mad. lol

http://i52.tinypic.com/650f1w.gif

http://i55.tinypic.com/24qvalh.gif

[Sparky]

Magnes,

I don't doubt your technical analysis,

...
everything is peaking, all
stars lined up minus seasonals but they will psych people out on that
like before.
...


I set a trailing stop on Friday to go short gold, but it hasn't triggered yet. I'm with you on this one. The seasonals did bother me a bit, but you're right...they'll let that work in their favor to fool people.

Gknownmx...why can't you hold long physical for the fundamentals, and trade paper short for speculation?

[MAGNES]

I set a trailing stop on Friday to go short gold, but it hasn't triggered yet. I'm with you on this one. The seasonals did bother me a bit, but you're right...they'll let that work in their favor to fool people.

Gknownmx...why can't you hold long physical for the fundamentals, and trade paper short for speculation?


The COT chart has their criminal fingerprints, and now we know who they are for sure.
The greatest corruptors ever.

They could easily do a blow off top, they will bring it down though.
Last weeks action tells you how serious they are. I took positions
myself, but I spent 1/3 I did for the last move on the setup for
the summer, I am tired of this too, seasonals bugs the sh*t out of
me, this is the first summer in how long ? They are f*cking with people
big time. Maybe we will never see the old lows on COT chart. I had some
good runs. Hopefully it ain't over. I am doing long term SI calls on the
right setup, did it 3 times, last year no, I documented this on agora
the third time, 2008 in real time, started in may to lows, even my trades.




The hat from that 16 dollar floor bet. [ :lies: ]



:ROFL:

I offered to eat a hat too so you won't be alone, lol .

$1600 floor hat X 2 ? $1800 floor ? That's 3 hats not one. :dunno

Trinity and I are good friends, Trinity made me a lot of money too,
because of that I have some sloppy trades, I am greedy, lol,
he ain't trading this but other interests that make money.
Each time I post a setup to a drop he has to eat his hat, lol ,
so I offered to eat one too. But that ain't going to happen.
Looks like a mouse nibbled on that
one. You can't trust a tin collector, BTW, my collection is small.
I got copper and brass this summer though, thanks man, made
$250 bucks from a demo job I was manual labor on for run, rofl !

[wildcard]

It's all Greek to me buddy:

http://www.chimkan.com/wp-content/uploads/2009/05/201844037_7dbd27025f.jpg

[MAGNES]

It's all Greek to me buddy:


It's not, trust me it's not.
And you do speak some Greek my friend. Patriotism, Politics, idiots. ;D lol

I am just banging this off.
You were around to read my CRIMEX thread on agora, with references, charts, etc .
I don't have time to do that again.
[ This forum is chopping links off now, new quirk in system, I have to use button now, url. ]
http://gold-silver.us/forum/general-discussion/twenty-dollars-bitchez!/
Compare prices and COT chart.
Same period end of charts.
It is like seeing half the future.
What they did last week was huge.
They are short 50 million at 1950,
huge capping, stands out. Same FED
criminals we post about. Those Jews
don't even want to drop cause they
don't want to pay out on some options.
They gonna lose on this, not unless
they have a plan, but this money making
operation is about control, SI, GC, commodities,
FRN, all economy, etc, blatancy never stopped
them, they used to post on LeMetro, "they start
a war gold goes down", lol, the quote is from
Fekete at the top, rofl,

[Awoke]

Those Jews
don't even want to drop cause they
don't want to pay out on some options.
They gonna lose on this, not unless
they have a plan, but this money making
operation is about control, SI, GC, commodities,
FRN, all economy, etc, blatancy never stopped
them,

They always have a plan. You know that.

[MAGNES]

They always have a plan. You know that.


You sold as I went short, lol, same number, I'd say good call.
Anything pops short term don't sweat it. Notice Trinity didn't
offer to eat another hat sub 1600, lol . They can't close out
without dropping it big time. If they don't close out what will
happen, in summer they had to use volatility with major drops
and they had thin trading working for them, what now,
will the 400 million short turn into 800 million OZ ?
Deliveries, etc, loss of control etc, their control operation is
endangered right now by not closing out in summer buying themselves
breathing room ? Why ?
I am just asking questions. They do have a plan. I been around watching since 2006.
In April 2006 they refused to take bids, crossed their hands, etc,
I got suckered then into going long then like others, LeMetro saved me.
Blatancy never stopped them before, silver and gold bugs never stopped
them, they know we are watching and they pride themselves in
burning us. They did it to me so I decided to join them, same side
of trades sometimes, COT chart gives you most of what you need to know,
not all, this knowledge was lost on gim, I learned it there, everyone stopped
posting.

[DMac]

Very relevant:

The coming rise of silver, a call to arms
PDF

http://www.zerohedge.com/sites/default/files/TRReport21.pdf

[Sparky]

OK, I went short gold today at $1258.

I'm looking for a quick shakedown of at least $75. But I expect any dramatic downturn will be short-lived (2 weeks or less) and be met with buying, given where we are seasonally.

The more violent the fall, the more encouraged I will be to turn to a long position. I'd like to see the shorts that Magnes is talking about all come out at once and clear the board. I want to flip my position when they do.

(Of course, my physical holdings remain untouched, except for the occasional fondle.)

[Gknowmx]

Sparky,

Tell me, how much skin in the game does it take to even make all the trading worth it? There must be some minimum investment to overcome trading fees, taxes, and the risk premium of trading in general, and all time invested playing the game. Ballpark. $1? $100? $10,000? $100,000? What gets you in the game but below the radar?







Magnes,

I don't doubt your technical analysis,

...
everything is peaking, all
stars lined up minus seasonals but they will psych people out on that
like before.
...


I set a trailing stop on Friday to go short gold, but it hasn't triggered yet. I'm with you on this one. The seasonals did bother me a bit, but you're right...they'll let that work in their favor to fool people.

Gknownmx...why can't you hold long physical for the fundamentals, and trade paper short for speculation?

[chad]

Sparky,

Tell me, how much skin in the game does it take to even make all the trading worth it? There must be some minimum investment to overcome trading fees, taxes, and the risk premium of trading in general, and all time invested playing the game. Ballpark. $1? $100? $10,000? $100,000? What gets you in the game but below the radar?







Magnes,

I don't doubt your technical analysis,

...
everything is peaking, all
stars lined up minus seasonals but they will psych people out on that
like before.
...


I set a trailing stop on Friday to go short gold, but it hasn't triggered yet. I'm with you on this one. The seasonals did bother me a bit, but you're right...they'll let that work in their favor to fool people.

Gknownmx...why can't you hold long physical for the fundamentals, and trade paper short for speculation?



i've always wondered this as well. do i need a quarter of a million to play?

[MAGNES]

i've always wondered this as well. do i need a quarter of a million to play?


I am mostly doing long term swing trading with most of my account in cash.

5-7 K in a futures account and you can do a conservative trade going way out.

Or SLV calls which are pricier but they didn't exist last time I went long in 2008.

Buy and hold in this market is just stupid.
The steal companies even, what happened to SIL, stolen
and nobody even talks about it, now SIL is a fund.
What a joke.

I got some physical too. Not a hoarder though.
I started with a budget and I am sticking with it.

The guy eating the hats above, Nacca, lol, had some
good plays too, made me money too and gave me
breathing room for trades, again operating with a budget.

[Trinity]

Magnes, when you bail on your position and are ready for some hat may I suggest the Trilby? It's a soft felt hat with a deeply indented crown and a narrow brim often upturned at the back, It tastes similar to chicken.

[Sparky]

Sparky,

Tell me, how much skin in the game does it take to even make all the trading worth it? There must be some minimum investment to overcome trading fees, taxes, and the risk premium of trading in general, and all time invested playing the game. Ballpark. $1? $100? $10,000? $100,000? What gets you in the game but below the radar?



First, to make it worth it, you have to actually like doing it, and not be doing it just to make money. If it's not a thrill, then it will be an angst-filled chore.

Second, when you start doing it, you're going to lose money. You have to have enough money on the line such that when you make a mistake, you learn a lesson. In learning to trade, this is your "tuition". Roughly speaking, I'd say this means an account with at least $5-10K, with each individual trade being $1-$2K.

If you do this regularly for a year or two and don't lose all your money, and learn from your mistakes, and you still enjoy it, then you slowly ramp up your trade amounts.

At that point, to really be "worth it" you have to make trades where you will make at least a couple hundred bucks after fees and taxes, which means you have to make at least, say, $300 on a successful trade on say, a 10% gain. To do that you need to be putting up at least a few thousand dollars per trade, and have enough of an account to have multiple trades in the fire, and be able to absorb some losses. So that means you probably need at least $20K or so to work with. That would be my rough definition of a minimum working arrangement to be "worth it".

Below the radar? I'm not totally sure what attention you'd be trying to avoid, but I'd guess that an account less than $100,000 is probably still relatively small potatoes to a brokerage firm. I'd guess at $100-250K you start to be a preferred customer. Probably $250-$500K you're becoming a serious player. Maybe above that you're getting on someone's radar screen as "noteworthy".

Just my opinion, using ballpark numbers. I'd be interested to hear what others think.

[MAGNES]

Magnes, when you bail on your position and are ready for some hat may I suggest the Trilby?


I'll just lose my money, thanks for thinking about me, looks organic at least.

This thing looks like it is going to take off big time, day 3 and a higher close.
That is from a technical perspective only. COT short action says otherwise.

Gold is sitting right on 1260 too. SI teasing us at 19.99 .

She is going to break, place your bets.

Notice NY pops at the open.

http://i55.tinypic.com/2ujgpw0.gif

[Sparky]

Silver looking stronger than gold. There was big volume selling of gold and gold shares at 10 AM EDT that was not apparent in silver.

My bet has been placed.

[Neuro]

Silver looking stronger than gold. There was big volume selling of gold and gold shares at 10 AM EDT that was not apparent in silver.

My bet has been placed.

You went long silver? Staying short gold?

[Sparky]

Silver looking stronger than gold. There was big volume selling of gold and gold shares at 10 AM EDT that was not apparent in silver.

My bet has been placed.

You went long silver? Staying short gold?


Just short gold. Thing is, they almost never make significant moves in opposite directions.

If gold breaks through the record high and doesn't retreat, I'll remove the position and lick my wounds. I plan to bail out if it reaches $1280. On the downside, I'm looking for at least $1180.

I'll consider going long paper silver at $18 and lower. I think a big break in PM prices during this time of the year would be a gift.

[Trinity]

I think a big break in PM prices during this time of the year would be a gift

Gift giving season is quite aways off. IMHO



I'll just lose my money, thanks for thinking about me, looks organic at least.

Just kidding with you MAGNES. Even though I want Silver to shoot up right now I hope first it goes down to 19.60 again so you can get out and not lose money.

[MAGNES]

I hope first it goes down to 19.60 again so you can get out and not lose money.


Thanks friend, RR is high, my trades on the same side as the big shorts,
it's not a lot of money this time, I am on a budget, even if it pops it is
early for big new highs, it may be short lived, I ain't sweating it.
They want to take it down. But it looks like it is going to blow up
on em. Don't worry about me. I am waiting for skf puts again, lol .
Probably never happen again. I am giving back those gains, lol .
Don't want to encourage people to do this either. Wait for major
drop then go long, use COT, tech, seasonals, 30% plus correction
in gold, worked past few years. Buy and hold doesn't work or just
buy physical.

[Neuro]

Silver looking stronger than gold. There was big volume selling of gold and gold shares at 10 AM EDT that was not apparent in silver.

My bet has been placed.

You went long silver? Staying short gold?


Just short gold. Thing is, they almost never make significant moves in opposite directions.

If gold breaks through the record high and doesn't retreat, I'll remove the position and lick my wounds. I plan to bail out if it reaches $1280. On the downside, I'm looking for at least $1180.

I'll consider going long paper silver at $18 and lower. I think a big break in PM prices during this time of the year would be a gift.

At this point it seems like you made a good bet. Gold is indeed acting weaker than silver, right now...
Usually if gold goes down 10 dollars silver is going down 30-40 cents...

[Gknowmx]

Actually, this is a great test. When the price of gold gets beat down but silver doesn't, someone has to be saying: uh-oh, we can't even shake the silver bulls loose with a gold head fake anymore. then, it is straight up for silver.

[Neuro]

Actually, this is a great test. When the price of gold gets beat down but silver doesn't, someone has to be saying: uh-oh, we can't even shake the silver bulls loose with a gold head fake anymore. then, it is straight up for silver.
Good point! And when silver starts to act stronger than gold, it usually mean we are entering the last phase of the bull run, where the really strong gains are made. So what will it run to this time: 1650 gold and 40 silver for a gold:silver ratio of around 40? 3000 gold to 100 silver ratio 30? 5000 gold to 250 silver ratio 20?

No matter what I bet a lot of silver shorts starts to become really nervous at this point...

[Gknowmx]

Good point! And when silver starts to act stronger than gold, it usually mean we are entering the last phase of the bull run, where the really strong gains are made. So what will it run to this time: 1650 gold and 40 silver for a gold:silver ratio of around 40? 3000 gold to 100 silver ratio 30? 5000 gold to 250 silver ratio 20?

No matter what I bet a lot of silver shorts starts to become really nervous at this point...


Like I said, Gambling is an addiction that some better get under control. And I like the article that MNEagle posted on the phony-baloney jobs report where 8 states plus DC didn't report so we got "estimates". Next Thursday, when this gets corrected, things ought to get nice and volatile.

[Neuro]

No matter what I bet a lot of silver shorts starts to become really nervous at this point...


Like I said, Gambling is an addiction that some better get under control.

Further it is not a good idea to gamble at a rigged game, especially not at a time when the bank is bankrupt.

Now may be the last time to pick up silver bullion at a reasonable price!

[Gknowmx]

Oh, there it is 19.66, oh so, so close to 19.60. Thanks for playing.

[Trinity]

Yeah 19.66 is close enough. MAGNES I'm rooting for higher prices now, you're on your own.