Jump to content

Recommended Posts

These look amazing. I am year of the snake. Can I order these from Switzerland.

He paid USD 802 per coin for 54 coins!!. Currently USD 667 per coin! Better to average in, surely??

Share this post


Link to post
Share on other sites

tumbleweed_zps8e7b7d0d.png

 

The tumbleweed indicator.

 

 

For the uninitiated, I post the tumbleweed when there has been a barren period (ie no posts on this topic for a while). Since this is likely a reflection of negative sentiment in the market it's good contrarian indicator. Up until the last couple of posts there had been a period of just over 5 weeks without posting on this topic...

 

But how good is it as an indicator?

 

 

SilverfuturesTW_zps71a30d77.png

Share this post


Link to post
Share on other sites

For the uninitiated, I post the tumbleweed when there has been a barren period (ie no posts on this topic for a while).

 

 

~I was looking at some 1KG Kookaburra coins but they want £550. It is that increased 20% VAT :angry:

 

It is only 7 percent in Germany until the end of the year for coins. Bring the receipt back and you can't be charged VAT twice.

Share this post


Link to post
Share on other sites

YUP - and it may be good for Gold too !

 

COT REPORT

 

HOUSTON -- This week’s Commodity Futures Trading Commission (CFTC) disaggregated commitments of traders (DCOT) report was released at 15:30 ET Friday:

 

w0g.png : Not that Comm'ls are so close to Net Flat !

 

(DCOT Table for August 2 and Legacy COT commercial positioning for data as of the close on Tuesday, July 30. Source CFTC for COT data, Cash Market for gold and silver.)

Continue reading "Gold and Silver Disaggregated COT Report (DCOT) for August 2" »

=== ===

 

Don Coxe on Gold – ‘The Low is In’

 

Gene Arensberg at August 2, 2013

 

We found the Don Coxe weekly audio update worthy of our time and worthy of sharing. This week’s title is regarding gold: “The Low is In.”

Don notes the tremendous imbalance between the COMEX speculators and commercial traders which we have been covering in our own work at GGR. Mr. Coxe suggests that the record high short position of the speculators “could be putting them at risk.”

He then turns to the unprecedented amount of money printing by the U.S. Fed and puts it into historical context.

 

Much, much more follows, all of it interesting and timely, including Don's revelation that Mr. Obama is "not up to the job" of president of the United States.

 

o7zj.png

LISTEN : http://www.coxeadvis...isors/Home.html

 

The COT figures for Gold are stunningly Bullish,

and Don Coxe has just made his call that: THE LOW IS IN for Gold !

Share this post


Link to post
Share on other sites

I think this is an interesting video - watch it all.

 

He is going to stop buying silver, and pay off his debts first. There are a number of Youtube videos where "stackers" are holding off in buying mid 2013.

http://www.youtube.com/watch?v=t0xqxnR9ATs

 

Crazy to have annoying debts like that...with silver at a low point. (then sub 20USD) - a 50+% reduction when he was stacking. Clear debts first, then stack.

Share this post


Link to post
Share on other sites

Have the silver bugs woken up yet? Look, signs of life..........................well perhaps............., either that or just a load of shorts having their stops taken out.

 

Silver_zps70622c78.png

Share this post


Link to post
Share on other sites

^If we draw a line at $26 - that looks like the 2yr support that has now become a possible resistance. I guess I would still be bearish, until $26 is taken out, and then I become neutral. At this stage, silver needs to break $36 to become bullish.

Share this post


Link to post
Share on other sites

Silver into the USD21-22 range. If gold should fall to 1000 as some predit, where does this leave silver?

 

Silver is always more volatile that Gold... $1000 gold means $15ish silver imo.

 

Personally I am not convinced that we will make new lows. Just as everyone was talking about reclaiming $1500 a couple of weeks ago, now everyone is talking about sub-$1000. It's typical bottom-forming sentiment. Don't be surprised to see a strong rally in the next couple of weeks.

Share this post


Link to post
Share on other sites

Investigation into Silver market dropped by CFTC.

 

http://www.cftc.gov/PressRoom/PressReleases/pr6709-13

 

 

Washington, DC – The Commodity Futures Trading Commission (CFTC or Commission) Division of Enforcement has closed the investigation that was publicly confirmed in September 2008 concerning silver markets. The Division of Enforcement is not recommending charges to the Commission in that investigation. For law enforcement and confidentiality reasons, the CFTC only rarely comments publicly on whether it has opened or closed any particular investigation. Nonetheless, given that this particular investigation was confirmed in September 2008, the CFTC deemed it appropriate to inform the public that the investigation is no longer ongoing. Based upon the law and evidence as they exist at this time, there is not a viable basis to bring an enforcement action with respect to any firm or its employees related to our investigation of silver markets.

 

In September 2008 the CFTC confirmed that its Division of Enforcement was investigating complaints of misconduct in the silver market (see CFTC Release 5562-08, October 2, 2008). At that time the Commission had received complaints regarding silver prices. These complaints were focused on whether the silver futures contracts traded on the Commodity Exchange, Inc. (COMEX) were being manipulated.1 For example, the complaints pointed to differences between prices in the silver futures contracts and prices in other silver products, including retail silver products. The complainants generally asserted that because the prices for retail silver products, such as coins and bullion, had increased, the price of silver futures contracts should have also experienced an increase. By reference to publicly available information concerning large traders with short open positions in the silver futures contracts, the complaints also alleged that the large shorts in the silver market were responsible for lower futures prices. The Division of Enforcement conducted an exhaustive investigation of these and other complaints and focused on identifying and evaluating whether there was any trading activity in violation of the Commodity Exchange Act and

 

Commission regulations including the anti-manipulation provisions. The Division of Enforcement’s investigation utilized more than seven thousand enforcement staff hours. The staff reviewed and analyzed position and transaction data, including physical, swaps, options, and futures trading data, and other documents and information, and interviewed witnesses. The Division’s investigation included an evaluation of silver market fundamentals and trading within and between cash, futures and over the counter markets. The investigation was also undertaken with assistance by the Commission’s Division of Market Oversight, the Commission’s Office of Chief Economist, and outside experts.

 

Separately, the Division of Market Oversight continued surveillance of the silver market contemporaneously to the Division of Enforcement’s investigation. The Division of Market Oversight’s market surveillance function encompasses a robust monitoring of traders’ positions and transactions at the ownership and account levels to identify potential violations of the Commodity Exchange Act and Commission regulations including, but not limited to, price manipulation, disruptive trading and trade practice violations. For example, after an episode of sharp price moves in any commodity, staff utilizes numerous visualization and analytical tools on data submitted daily to the Commission to discover indications of potential manipulation and other violations. Where questions remain, Division of Market Oversight staff regularly utilize the Commission authority such as the Special Call under Regulation § 18.05 to obtain additional detailed information from traders.

 

The Division of Enforcement takes complaints it receives seriously. The Division will not hesitate to use its authority, including new manipulation authority in the Dodd-Frank Act, to bring market manipulation charges as supported by the evidence.

If you have information about a violation of the Commodity Exchange Act or Commission regulations, you may either file a tip or complaint under our whistleblower program, or report such violations or other suspicious activities or transactions to our Division of Enforcement. The CFTC will pay awards to eligible whistleblowers who voluntarily provide us with original information about violations of the Commodity Exchange Act that lead us to bring an enforcement action that results in more than $1 million in monetary sanctions.

 

Share this post


Link to post
Share on other sites

Silver Stocks are at Resistance now - Let's look for it to push higher !

 

SIL / Silver stock etf ... update : SIL : $13.67 +0.52 / +3.95%, Volume: 230,038

 

g5a.gif

 

With More Lines

 

dh5.gif

 

Silver has already SIGNALLED higher prices, it seems

 

SLV ... update

 

5np4.gif

Share this post


Link to post
Share on other sites

I like it.

 

Setup looks like almost a mirror image of Feb when the 76dma crossed the 144dma which signalled the collapse.

 

Now the 76dma has now turned up.

If it can clear recent highs of ~22.50 and then ~24 it will complete the bottom formation.

Share this post


Link to post
Share on other sites

http://www.maxkeiser.com/2013/10/is-a-massive-chinese-order-causing-a-silver-shortage-in-europe/

 

One of my contacts with one of the largest European precious metals brokers told me this morning that they could not find any silver. All the refiners they contacted could not take their orders and could not give any delay. “Call us next next month”, they said. This is the first time that such an event has occurred.
On Wednesday, he attempted to source a ton of silver (32,000 oz), from the three main Swiss refiners. Two of them refused to take the order entirely, and the third refiner stated delivery would take 2 weeks.
The refiners claimed they had been very busy during the last month trying to fulfill an “enormous” Chinese order
Read more at http://www.maxkeiser.com/2013/10/is-a-massive-chinese-order-causing-a-silver-shortage-in-europe/#XGbOxVq2tkWQ0ts7.99

Share this post


Link to post
Share on other sites

tumbleweed_zps8e7b7d0d.png

 

The tumbleweed indicator.

 

 

For the uninitiated, I post the tumbleweed when there has been a barren period (ie no posts on this topic for a while). Since this is likely a reflection of negative sentiment in the market it's good contrarian indicator. Up until the last couple of posts there had been a period of just over 5 weeks without posting on this topic...

 

 

 

That was indeed a good time to buy silver...;

 

Silver_zps0c5099bc.png

Share this post


Link to post
Share on other sites

Zeal LLC seem to think this looks like a positive point for silver;

 

http://www.zealllc.com/2013/silverlp.htm

 

"The bottom line is silver today looks to be on a powerful technical launchpad. Despite extreme fear and despair near its brutal late-June lows, silver bounced off the confluence of multiple major support zones and has been rallying on balance ever since. It remains out of favor and way too low relative to gold, which gives silver enormous potential to far outpace gold’s advance as the precious-metals uplegs accelerate.



As always emerging out of hyper-bearish major lows, mainstream investors haven’t caught on. You won’t be hearing about silver’s new upleg on CNBC until its lion’s share is already past and the big easy gains have already been won. But for the brave contrarians willing to buy low when few others will, the bullish implications of today’s silver support convergence offer an exceptional opportunity to get in early and cheap."

Share this post


Link to post
Share on other sites

It's time to start getting BULLISH on Silver.

 

Punched through the 144dma with more conviction this time.

 

It will flatten out PDQ if we can hold station above it for just a couple of weeks, and even more from next month after the Apr drop falls out of the calculation.

 

silver.jpg

Share this post


Link to post
Share on other sites

Excuse me , how the f**k do you post an image on here these days???

IMG url location of image /IMG

 

You need to enclose the IMG and /IMG in square brackets [ ]

Share this post


Link to post
Share on other sites

I did this 5 year chart quite quickly and in actual fact I think there are a few more pivot points to read into this chart with some more work. But it is quite amazing to me the apparent beauty of the Fibonacci numbers in this chart. Also consistent with the 144 day MA theory each time the price has moved up through it, it has gone on to meet the next Fib level up. So perhaps the 38.2% $30 range beckons (maybe with a bounce off $18 first.

 

 

1310%20silver%20fib.png

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×