We just broke 49 AGAIN

[JJ.G0ldD0t]

WOW

[Son-of-Liberty]

Is there that much more volatility cause it seems like it, or is it just that at close to $50 a dollar move isn't what it used to be?

[cortez]

:o

[JJ.G0ldD0t]

went over 49.30

[JJ.G0ldD0t]

Is there that much more volatility cause it seems like it, or is it just that at close to $50 a dollar move isn't what it used to be?



Both... I think those 2 go hand in hand. One of the most volatile commodities is testing new highs.... shits gonna get crazy :D

[cortez]

::)

[cthulu]

no worries, i have it on someone's gut feeling that silver won't hit 50. :lol

[Jazkal]

no worries, i have it on someone's gut feeling that silver won't hit 50 this year. :lol

There, fixed it for you. ;)

[JJ.G0ldD0t]

Ponce is rubbing his hands together in anticipation of his glorious gains...lol

[Ponce]

Allready have hahahahaahhaahah, and have a very special place for those three rolls of tp in a glass enclousure.

[madfranks]

Allready have hahahahaahhaahah, and have a very special place for those three rolls of tp in a glass enclousure.


A glass enclosure? AHAHAHAHAHAHAA! I can just see it now, those three rolls of tp showcased like a trophy. HA HA!

[JJ.G0ldD0t]

Has the Outlaw Posted today? or is he just laying low cuz Ag is UP?! :plll :lol

ETA
Last Active: Yesterday at 22:22:11 ....


Guess he's Hidn' out :D

[Ponce]

Franks? only doing it that way for one reason, when ever I look at it it will tell me that I should only listen to myself and to no one else......even I don't know how it works but everything that I have done was done the right way........not counting the little "luck" that I have been having as of late.

[Low Pan]

wow the amount of crap on the internet continues to amaze me. Did a "for fun" search for "Toilet Paper Trophy". LMAO at the amount of images that came up. All of them TP trophies lol. You need this one Ponce:

http://www.trophies2go.com/images/productimages/Perpetual-Toilet-Paper-Trophy.jpg

;D

[chad]

the smackdown is really on today. this is the third or fourth run at it.

[Ponce]

Darn, $47.81.........oh well, I knew that there was going to be a war at $48.00-$49.00.

[Ponce]

I don't know what is going on but if you go to this site you can see silver going stright up and down like a bullet........ http://goldprice.org/spot-gold.html.......it changes by the minute, now at $48.40

[Serpo]

Its just a bit nervy about hitting 50$ because after that............well ,think about it.....when 50$ is the floor.....

[Serpo]

Silver Backwardation Doubles Overnight

Submitted by Tyler Durden on 04/28/2011 10:40 -0400

Backwardation Convexity Negative Convexity


Yesterday we correctly predicted that the entire 10% silver correction would be momentarily taken out as the Comex news is properly digested. And so it continues - as silver is once again pennies away from $50 and a fresh new nominal all time high, we take a quick look at the futures curve where as expected the backwardation is confirming the "negative convexity" (yes, yes, we know silver is not a duration security) once the $50 stops are taken out will send silver surging to unseen before levels (which also considering it will be at a new record over $50 is pretty much intuitive). In the meantime, the chart below is the worst nightmare of anyone still holding short silver positions. While the near-far contract backwardation was about $0.75 yesterday, it has since doubled in less than 24 hours. We can't wait to see what surprising nuggets the Comex will bring us today.

http://www.zerohedge.com/article/silver-backwardation-doubles-overnight

[1970 silver art]

Has the Outlaw Posted today? or is he just laying low cuz Ag is UP?! :plll :lol

ETA
Last Active: Yesterday at 22:22:11 ....


Guess he's Hidn' out :D


I am still here. I'm alive and well and my gut feeling still tells me that silver will NOT hit $50 this year. ;D Hmmmm........What do we have here? Once again, Silver has failed to hit $50. No big surprise here. Down it goes from here. ;D ;D ;D

[osoab]

I think gold at 1535 is more significant. I like the dog, but gold is where the big money plays.

[JJ.G0ldD0t]

Has the Outlaw Posted today? or is he just laying low cuz Ag is UP?! :plll :lol

ETA
Last Active: Yesterday at 22:22:11 ....


Guess he's Hidn' out :D


I am still here. I'm alive and well and my gut feeling still tells me that silver will NOT hit $50 this year. ;D Hmmmm........What do we have here? Once again, Silver has failed to hit $50. No big surprise here. Down it goes from here. ;D ;D ;D



Hey SAB


Glad the twisters didn't get ya.


Now-

Today we hit $50.

today's the day.

http://www.kitco.com/images/live/silver.gif

[1970 silver art]

Has the Outlaw Posted today? or is he just laying low cuz Ag is UP?! :plll :lol

ETA
Last Active: Yesterday at 22:22:11 ....


Guess he's Hidn' out :D


I am still here. I'm alive and well and my gut feeling still tells me that silver will NOT hit $50 this year. ;D Hmmmm........What do we have here? Once again, Silver has failed to hit $50. No big surprise here. Down it goes from here. ;D ;D ;D



Hey SAB


Glad the twisters didn't get ya.


Now-

Today we hit $50.

today's the day.

http://www.kitco.com/images/live/silver.gif


Nope. I have to respectfully disagree with you on this. ;D We will NOT hit $50 today. IMO the smackdown will be severe starting today. Once NY trading grabs a hold of it, then silver will feel the blows from JPMorgan as it smacks it down hard. I think that it is very possible that the smackdown could really begin today and last through next week. If that is the case, then I see the silver price being below $40 sometime next week. This is just a WAG on my part.

I sense that next month will be the case of "Sell in May and go away and never see $50 in 2011". :D

[chad]

dollar just broke 73. here comes $50. sorry josey. :-[

[1970 silver art]

dollar just broke 73. here comes $50. sorry josey. :-[


It ain't over yet. I do not hear the silver fat lady singing yet. :D I still think that silver will NOT hit $50 today. It will get smacked down by JPMorgan once it gets close to the high $49's.

[oldmansmith]

Sorry Art, you better get those rolls ready.

[mamboni]

dollar just broke 73. here comes $50. sorry josey. :-[


It ain't over yet. I do not hear the silver fat lady singing yet. :D I still think that silver will NOT hit $50 today. It will get smacked down by JPMorgan once it gets close to the high $49's.


When silver breaks $50, just to show that there are no hard feelings, I'm going to send you one of these.

[PatColo]

silver's now taking its third poke >$49 since the Sun/Mon asian trading. It's formed a 5-day cup/handle since then. Meanwhile gold's resumed making new highs, pierced $1540 mins ago. USD's cutting new lows again, 72.85 low on the index.

COMEX is opening now. If silver doesn't bust through $50 today, and if we merely hold tight today above $48, then I vote it will be Sun PM (asian open).

Harvey Organ's saying some shite about Au/Ag call options exercised, http://harveyorgan.blogspot.com/

~10 mins into COMEX, silver's holding up fine so far

[chad]

dollar just broke 73. here comes $50. sorry josey. :-[


It ain't over yet. I do not hear the silver fat lady singing yet. :D I still think that silver will NOT hit $50 today. It will get smacked down by JPMorgan once it gets close to the high $49's.


When silver breaks $50, just to show that there are no hard feelings, I'm going to send you one of these.




ahahahah i had forgotten about that one. ;D

[mick silver]

their fighting the 50 mark tooth an nail . when it hit 50 it will look like a run away train

[PatColo]

I said it somewhere before, but I don't give any cred to "$50 as overhead resistance" based upon the notion that there's some handful of retards who may have paid near $50 in 1980, and have been waiting 31 years to "get out even"... (meanwhile the nominal FRNs have collapsed in buying power). Bob Chapman even said something about this, as though after $50 she'll "be free" to go straight to the moon.

The only "overhead resistance" here are the shorts, usual suspects, and there's nothing magical about $50 that will change their wanting a lower price.

it's funny watching gold cutting new highs, $1546.40 high now, while silver gyrates around that $49 number... getting smacked now, $48.32, while gold's within a couple bucks of it's high..

[chad]

what's up with $48.48? it keeps getting stuck there several times a day.

[SLV^GLD]

what's up with $48.48? it keeps getting stuck there several times a day.
Oh, that's easy.

48.48

4+8=12

12.12

There are 2 twelves

12+2=14

14 and 12, what falls in between, yes, that's right 13!

So it's really double thirteens because the mason's did it.

Hidden in plain sight, too!

:D ;D

[mamboni]

I said it somewhere before, but I don't give any cred to "$50 as overhead resistance" based upon the notion that there's some handful of retards who may have paid near $50 in 1980, and have been waiting 31 years to "get out even"... (meanwhile the nominal FRNs have collapsed in buying power). Bob Chapman even said something about this, as though after $50 she'll "be free" to go straight to the moon.

The only "overhead resistance" here are the shorts, usual suspects, and there's nothing magical about $50 that will change their wanting a lower price.

it's funny watching gold cutting new highs, $1546.40 high now, while silver gyrates around that $49 number... getting smacked now, $48.32, while gold's within a couple bucks of it's high..


Exactly correct. The typical investors buying silver in 1980 were 55+ years old. These people are 86+ years old today - mostly dead or in nursing homes. And their silver hordes have since been sold off by ignorant heirs to buy Iphones, Ipads and Viagra.

[willie pete]

dollar just broke 73. here comes $50. sorry josey. :-[


It ain't over yet. I do not hear the silver fat lady singing yet. :D I still think that silver will NOT hit $50 today. It will get smacked down by JPMorgan once it gets close to the high $49's.


When silver breaks $50, just to show that there are no hard feelings, I'm going to send you one of these.





I want one too......but make mine that pretty yellow color that has "Credit Suisse" stamped on the front... ;)

[JJ.G0ldD0t]

what the hell just happened to the POS?

just got shoved below 48???

[mamboni]

what the hell just happened to the POS?

just got shoved below 47???


The bastards are going to raise margins again - pure act of desperation and proof that they don't have the metal. Pass the word to buy the dip on Monday and drive a silver stake through their black heart.

[JJ.G0ldD0t]

what the hell just happened to the POS?

just got shoved below 47???




The bastards are going to raise margins again - pure act of desperation and proof that they don't have the metal. Pass the word to buy the dip on Monday and drive a silver stake through their black heart.



I meant 48 lol

Yeah I'd pass the word - Hell monday looks like a good day to pick up some more myself-

Looks like its trying to bounce back already though.

[1970 silver art]

I will admit that I am very impressed today with JPMorgan. JPMorgan managed to hold and smackdown silver despite a very strong up-move in gold. It will be very interesting to me to see how far silver will go down when trading resumes Sunday night into Monday morning. This could be the beginning of another smackdown that will be deeper than the last one. We will see.

[1970 silver art]

Hey Ponce. Quick!!!! Check this Kitco quote out.............................

It's on its way to breaking $40 on the downside as I write this and much sooner than I expected.....................

[SLV^GLD]

Art, your credibility as a silver prognosticator is gaining.

[JJ.G0ldD0t]

Art, your credibility as a silver prognosticator is gaining.


I must say.... I agree.

good show 1970SAB