Simply criminal.
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Simply criminal.

By anonymous following x   2014 Nov 30, 9:18am 14,627 views   40 comments   watch   quote     share    


untrue

1   adarmiento   ignore (0)   2014 Nov 30, 9:53am   ↑ like (0)   ↓ dislike (0)     quote      

Wow, I remember when silver hit $45 a share in April 2011 when the stock market was starting to show major recovery, and Quantitative Easing was in full gear.

2   adarmiento   ignore (0)   2014 Nov 30, 9:54am   ↑ like (0)   ↓ dislike (0)     quote      

Still it is smart to have 10% in precious metals and 10% in energy of your total savings.

3   adarmiento   ignore (0)   2014 Nov 30, 10:04am   ↑ like (0)   ↓ dislike (0)     quote      

And silver was about $5 an ounce 1994 to 2004, with deficit spending increasing, Federal Reserve policies and the war on terrorism causing its dramatic rise from 2004 to 2011.

4   marcus   ignore (0)   2014 Nov 30, 10:09am   ↑ like (1)   ↓ dislike (10)     quote      

I heard silver was going to $200/oz. What happened ? Did they find silver on that comet ?

5   adarmiento   ignore (0)   2014 Nov 30, 11:09am   ↑ like (0)   ↓ dislike (0)     quote      

Silver, and precious metals are a safe haven investment, as well as a hedge. It is hard to put a price tag on them like you would with valuating a stock (i.e., earnings growth, etc.). That is why I always recommend that you have about 10 to 20% of your savings as a hedge in precious metals.

6   New Renter   ignore (11)   2014 Nov 30, 11:34am   ↑ like (1)   ↓ dislike (0)     quote      

marcus says

I heard silver was going to $200/oz. What happened ? Did they find silver on that comet ?

Rich Chindians found Bay Area housing more interesting...

7   marcus   ignore (0)   2014 Nov 30, 11:37am   ↑ like (0)   ↓ dislike (6)     quote      

Wow, 4 dislikes. That's twice my usual 2. And for a totally apolitical comment.

8   Dan8267   ignore (3)   2014 Nov 30, 12:18pm   ↑ like (0)   ↓ dislike (0)     quote      

The Professor says

To paraphrase a fellow patneter, "Dislikes are like throwing monkey poop".

So the real question you should ask yourself is, "Why are monkeys throwing poop at me?

Because they are monkeys.

9   iwog   ignore (1)   2014 Nov 30, 12:20pm   ↑ like (5)   ↓ dislike (2)     quote      

I think my original target back in 2011 for silver was $10-15 so I'm gonna count this as win although it took a lot longer than I suspected.

I'm still out and capitulation is coming big time now that the last support levels have been blown up.

Someone needs to thank our newest silver and gold permabull Smaulgld for encouraging everyone to buy gold and silver from the date he joined the site. I sincerely hope no one listened to his "advice".

10   Strategist   ignore (0)   2014 Nov 30, 12:21pm   ↑ like (1)   ↓ dislike (1)     quote      

marcus says

Wow, 4 dislikes. That's twice my usual 2. And for a totally apolitical comment.

One more.

11   spydah_hh   ignore (0)   2014 Nov 30, 12:52pm   ↑ like (1)   ↓ dislike (1)     quote      

marcus says

Wow, 4 dislikes. That's twice my usual 2. And for a totally apolitical comment.

It's 7 now, are you proud?

12   spydah_hh   ignore (0)   2014 Nov 30, 12:58pm   ↑ like (1)   ↓ dislike (1)     quote      

iwog says

Someone needs to thank our newest silver and gold permabull Smaulgld for encouraging everyone to buy gold and silver from the date he joined the site. I sincerely hope no one listened to his "advice

He only joined just last year when silver was around $20. Granted it's little under $15 now so a difference of $5, though it could go as low as $13. But I am willing to bet it'll rise next year after QE4 is announced if not sooner.

13   smaulgld   ignore (1)   2014 Nov 30, 11:15pm   ↑ like (1)   ↓ dislike (0)     quote      

Not any more!

14   smaulgld   ignore (1)   2014 Nov 30, 11:20pm   ↑ like (2)   ↓ dislike (1)     quote      

Gold silver and real estates are assets not investments
You own them not for trading
https://smaulgld.com/gold-silver-and-real-estate/

You buy them with money you earn from your job or business and from stock gains

15   Done   ignore (1)   2014 Nov 30, 11:54pm   ↑ like (1)   ↓ dislike (0)     quote      

The Professor says

Is there any reason the price went so low (below $14.50) briefly in the middle of Sunday night at the end of the month?

You have to be careful putting to much in the over night spot pricing on Sunday as well as Monday. The volumn based on 40 pairs including the metals is only at 77%. 50% +/- of traders don't trade on Sun and Mon. Professional traders know and trade the sweet spots. That being when 2 or more countries have their money on the table. Otherwise your odds of profiting go down considerably as the brokers have opportunity to hedge and play against you.

The market is basically over @ 10 EST. as traders position themselves which generally is by either killing their trades or changing their stops. Not many adding positions especially on Sunday and Monday.

Gold at a min. needs to close and stabilize above 1250 to to show it's hand and silver needs to close above it's high today for any kind of confirmation it has some more juice left and will challenge the 16.70 spot price.

17   Done   ignore (1)   2014 Dec 1, 4:16am   ↑ like (0)   ↓ dislike (0)     quote      

This is an extremely interesting market today and likely for a time to come. My application and indicators are whacking out. Some of the volume and ATRs are off the chart.

XAU XAG USD CAD
Vol 144% 128% 98% 97%
atr 305% 160% 144% 130%

If this is any representation of things to come it will be very interesting this week. Just something to think about XAU and XAG both have big shoes to fill if they are going to top today's action.

18   Satoshi_Nakamoto   ignore (0)   2014 Dec 1, 4:26am   ↑ like (1)   ↓ dislike (0)     quote      

adarmiento says

Silver, and precious metals are a safe haven investment, as well as a hedge. It is hard to put a price tag on them

If something is "hard to put price tag on", it's not an asset.

19   anotheraccount   ignore (1)   2014 Dec 1, 7:35am   ↑ like (0)   ↓ dislike (0)     quote      

Straw Man says

If something is "hard to put price tag on", it's not an asset.

Really? There are plenty of assets that are hard to value or to price.

You can look at silver or gold as insurance. Put away 1-3% of your annual income and it's no different than other insurance policies that people buy.

50/50 that today's key reversal is the bottom. If the US data continues to be strong, dollar might appreciate a little more before US re-couples with the rest of the world within the next six months.

20   TwoScoopsMcGee   ignore (1)   2014 Dec 1, 8:32am   ↑ like (0)   ↓ dislike (0)     quote      

I love me some precious metals. I like holding those 10oz bars in my hands and seeing my reflection in them. Might be buying time.

21   indigenous   ignore (0)   2014 Dec 1, 8:38am   ↑ like (0)   ↓ dislike (0)     quote      

I heard said that silver might go little lower based on end of the year tax considerations?

22   Done   ignore (1)   2014 Dec 1, 8:48am   ↑ like (0)   ↓ dislike (0)     quote      

tr6 says

50/50 that today's key reversal is the bottom.

50/50 Is that the best you can do, not very confident hah. My odds are gold and silver have "not" hit bottom.

23   Satoshi_Nakamoto   ignore (0)   2014 Dec 1, 9:48am   ↑ like (0)   ↓ dislike (0)     quote      

tr6 says

You can look at silver or gold as insurance. Put away 1-3% of your annual income and it's no different than other insurance policies that people buy.

"Insurance policies that people buy" have defined payout amount, not some "hard to put a price tag on" guesstimate.

24   anotheraccount   ignore (1)   2014 Dec 1, 11:18am   ↑ like (0)   ↓ dislike (0)     quote      

Straw Man says

"Insurance policies that people buy" have defined payout amount, not some "hard to put a price tag on" guesstimate.

That amount can change at any time.

25   smaulgld   ignore (1)   2014 Dec 1, 7:51pm   ↑ like (1)   ↓ dislike (0)     quote      

These massive unexplained drops the past three years almost invariably occur in thinly traded session in the small hours on the morning
During these smash downs, a trader dumps a massive amount of short contracts on the market in minutes
No profit orientated or capital preserving trader would execute such trades and with such frequency
They are naked short sales where the seller does not have the silver/gold to sell
But then again comex is a place where the amount of silver and gold that is traded far exceeds the amount of golf and silver available for delivery

Background on naked short selling https://smaulgld.com/gold-silver-price-manipulation/

Background on the scope of Comex trading https://smaulgld.com/silver-gold-short-long-positions-comex/

26   Done   ignore (1)   2014 Dec 1, 11:05pm   ↑ like (0)   ↓ dislike (0)     quote      

The Professor says

Can you explain why the price of silver dropped to under $14.50 on Sunday evening at 5pm EST and jumped almost $2 to $16.37 by 4am the next morning? Who bought and sold in the middle of the night? Why?

Couldn't find any $15 silver today.

http://www.investopedia.com/articles/forex/08/3-market-system.asp

Based on what I see you have high probabilities and odds of buying silver below $15. "No Guarantees" just odds. Most I believe buy precious metals as a hedge (insurance) and 6% is common amt. used as hedge by most pros.

For 99.75% should buy in this general area with some staged trades, div. your capitol and start buying the retests. It's never a good idea to turn what is simply a hedge into a get rich quick scheme, which I'm not implying that be your case.

27   Done   ignore (1)   2014 Dec 1, 11:48pm   ↑ like (0)   ↓ dislike (0)     quote      

The Professor says

I collect silver because I think it is undervalued and the dollar is over valued.

The market sets the value with Money flow and at this present moment of time the market doesn't agree for what ever reason.

Gold/silver will eventually become the golden boys they are destined to come however at this time the USD has that title and no doubt will have much longer than most have the ability to comprehend.

28   Done   ignore (1)   2014 Dec 2, 12:18am   ↑ like (0)   ↓ dislike (0)     quote      

Obviously, no one knows what the market is going to do.
However, we can draw our lines in the sand. For instance I believe silver had heavier sold contracts today at $16.29 and more will be executed @ $16.32 because of better pricing. With the use of a method called VWAP to avg. out the targeted holding price that is purposed.

I base this line in the sand on price, volume, RSI and ATR....

29   HydroCabron   ignore (1)   2014 Dec 2, 9:32am   ↑ like (2)   ↓ dislike (2)     quote      

If you buy and hold gold and silver, you will do quite well at some point in the next 350 years.

31   Done   ignore (1)   2014 Dec 2, 10:08am   ↑ like (0)   ↓ dislike (1)     quote      

The Professor says

I doubt the dollar can hold on for another century.

So what?... That don't effect me or you.... You couldn't think of anything else, nothing relevant what so ever?

And you are the Professor

Should I use a period or question mark after professor?

32   spydah_hh   ignore (0)   2014 Dec 2, 1:23pm   ↑ like (0)   ↓ dislike (0)     quote      

The Professor says

Graybox says

Gold/silver will eventually become the golden boys they are destined to come however at this time the USD has that title and no doubt will have much longer than most have the ability to comprehend.

I doubt the dollar can hold on for another century.

I think you're given it too much credit?

33   Done   ignore (1)   2014 Dec 2, 8:46pm   ↑ like (0)   ↓ dislike (0)     quote      

The Professor says

We don't use personal attack here on patnet.

lol Now you know that one is BS.
However my apologize.

34   BlueSardine   ignore (1)   2014 Dec 2, 9:20pm   ↑ like (1)   ↓ dislike (2)     quote      

with the treehuggers in charge, go with the dollar...paper will be in high demand.
with the WMD'ers in charge, go with metals, all kinds needed to feed the world armaments.

35   BlueSardine   ignore (1)   2014 Dec 2, 9:21pm   ↑ like (1)   ↓ dislike (0)     quote      

i disliked my post to get the ball rolling...

36   HydroCabron   ignore (1)   2014 Dec 2, 10:38pm   ↑ like (0)   ↓ dislike (2)     quote      

SoftShell says

with the treehuggers in charge, go with the dollar...paper will be in high demand

There are trees which produce cotton or linen?

37   Done   ignore (1)   2014 Dec 2, 11:33pm   ↑ like (1)   ↓ dislike (1)     quote      

Patnet is a shit river of personal attacks.

Their are a few that have the boat to float above. Sometimes those who have the boat fall out and need a little help getting back in.

38   smaulgld   ignore (1)   2014 Dec 3, 2:26am   ↑ like (1)   ↓ dislike (0)     quote      

HydroCabron says

If you buy and hold gold and silver, you will do quite well at some point in the next 350 years.

If you held silver bought at $22 from 1979-2007 you got your clock cleaned

39   indigenous   ignore (0)   2014 Dec 3, 2:46am   ↑ like (0)   ↓ dislike (0)     quote      

smaulgld says

If you held silver bought at $22 from 1979-2007 you got your clock cleaned

Why would that not be the case now?

40   smaulgld   ignore (1)   2014 Dec 3, 9:53am   ↑ like (2)   ↓ dislike (0)     quote      

indigenous says

smaulgld says

If you held silver bought at $22 from 1979-2007 you got your clock cleaned

Why would that not be the case now?

Because you could have sold over $22 from 2008-2014


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