Here is the chart we did in early February. We can see prices are now above the previous Head & Shoulders neckline. I took a position in precious metals in March, and thus far I've been very pleased with its performance.
Attachment 8940
Ask me how you can make money on this.
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Here is the chart we did in early February. We can see prices are now above the previous Head & Shoulders neckline. I took a position in precious metals in March, and thus far I've been very pleased with its performance.
Attachment 8940
Last edited by JTH; 05-15-2011 at 04:07 PM.
This is old but wanted to copy it here and repost.
#1 Whistleblower Andrew Maguire accuses JPMC of silver price manipulation
http://kingworldnews.com/kingworldnews/Broadcast/Entries/...
http://www.zerohedge.com/article/former-goldman-commoditi...
http://www.zerohedge.com/article/former-goldman-commoditi...
http://www.marketforceanalysis.com/Published%20Articles_2...
http://mineweb.net/mineweb/view/mineweb/en/page72068?oid=...
http://www.nypost.com/p/news/business/jpmorgan_chase_stor...
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
JPMorgan, HSBC Sued for Silver Manipulation
http://www.goldalert.com/2010/10/jpm...-manipulation/The lawsuit, which seeks class action-status, alleges that ” between in or about March 2008 and continuing through the present, Defendants have combined, conspired and agreed to restrain trade in, fix, and manipulate prices of silver futures and options contracts traded in this District on the COMEX division of the NYMEX. Defendants thereby have violated Section 1 of the Sherman Act, 15 U.S.C ¶1. Also during the Class Period, individual Defendants have intentionally acted to manipulate prices of COMEX silver futures and options contracts. Such conduct violates Section 9(a) of the Commodity Exchange Act, 7 U.S.C. ¶13b.”
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
This isn't the first time that the prices of Silver and Gold have been manipulated, and probably won't be the last.
http://www.google.com/#q=history+of+...da8a77dcd93603
Silver
Hunt Brothers tried to corner the Silver market back in the early 1980's.
I remember it well.
http://news.google.com/newspapers?id...dq=hunts&hl=en
SILVER beeeeells, SILVER beeeeells, I'm sooooo glad I bought SILVER beeeeells. Ding-a-ling, ca-ca-shing, I'm cashing out and going to the Caribbean. Ding-a-ling, hear them ring, ................
Socrates: "Democracy, which is a charming form of government, full of variety and disorder, and dispensing a sort of equality to equals and unequaled alike."
Up a dollar in a day. Das about %3. Man. Silver gonna go high.
I'm only gonna say this once. Go visit yo coin shop an buy some dat silver american eagle for $31, cos it gonna go high.
Nice job show-me! I tried to catch AGQ looking for a $1 pullback to $131 last week for a trade, and never got it hit. It's now up 18% to over 154 since. ETF Talk
I don't think I can buy here now, nor sell it short. This is truly a freight train and I'm glad someone I know was on it.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
Like half the stuff out there, it's rigged. Silver is going down, probably below 30. Still It'll go to 50 this summer cos it won't be held down. Too many people are buying it and GS is shorting it with paper etf's. That's half the reason why GS is gettin cash from the fed. Soon when people want their silver and GS doesn't have it to give, they'll give extra cash to them to ward them off for a spell.
Do you have a source/link to that story? I'd be interested in reading it. Thanks.
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
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