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#151 dougie

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Posted 06 July 2011 - 02:55 PM

i have a low end of month fwiw

#152 dougie

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Posted 06 July 2011 - 02:58 PM

what is the bullish Ewave cout on $HUI? Could we have made a 3 wave move off of the November/dec highs? 3-3-5?

#153 JGUITARSLIM

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Posted 06 July 2011 - 03:01 PM

Just added to this one this morning (AABVF)...
(Note how that Gann line formed down-TL)


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#154 dharma

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Posted 07 July 2011 - 09:56 AM

this is mind boggling
BIS Changed Silver Data
(From $203 to $93 Billion in Silver Liabilities?)
Silver Stock Report
by Jason Hommel, July 6th, 2011

The Bank of International Settlements (BIS) has changed, or revised, their silver derivatives data in their derivatives reports. The change took place between their June, 2010 report, and their December, 2010 report, for the period of June, 2009. The change was from $203 billion in "other precious metals" liabilities, changed down to $93 billion.

The change took place, in Table 22A: Amounts outstanding of OTC equity-linked and commodity derivatives, By instrument and counterparty, in the category of "other precious metals", for June, 2009, Notional amounts outstanding.

In June, 2009, the silver price was about $15/oz.
http://www.silversee...tes/5silver.php

This means that the $203 billion silver liability divided by $15/oz. shows that all the banks in the world that are tracked by the BIS owed 13.5 billion ounces of silver.

But the entire world silver mining production is only about 700 million oz. of silver annually, so this is an admission that the banks owed about 19.3 years worth of world annual mine production of silver.

The adjustment, from $203 billion, down to $93 billion was a drop of $110 billion, or more than half of the number! The lower number, $93 billion, is still absurdly large, at about 6.2 billion oz. of silver, or about 8.8 years of worth of world annual mine production of silver.

The obviously large and very excessive amounts are the smoking gun of silver fraud by the western world's banks.

This BIS data is extremely important, because it is far larger than the excessive short selling amounts often noted at the COMEX, which typically is only about 1 billion ounces of silver, or less.

I attended the CFTC open hearings on silver manipulation. A banking representative was asked directly what the banks were hedging by being so massively short of silver at the COMEX. The answer was that the banks were "hedging client long positions in the OTC market". That's obviously an admission of manipulation, because client long positions do not need to be hedged, since the client obviously wants to be exposed to the changes in the silver prices, which is why they bought silver to be held by the large LBMA member banks in the first place. So if the banks are hedging client long positions, it means that the bank has not bought the silver, and that they want to prevent silver prices from going up, because if it does, then the banks will owe their clients a lot of money, so, to "hedge" that exposure, they short at the COMEX, which is the market that generates "price discovery", since trades there create a trail and record of prices.

After all, imagine what the silver prices would be if the LBMA banks actually went into the market to buy 13 billion ounces of silver, or 19 years worth of annual production. Clearly, the silver prices could go hundreds if not thousands of times higher, and it could destroy the entire financial system of paper money.

The revision was an adjustment from $203 billion down to $93 billion, and the adjustment is strange, because it was the only number that was repeatedly and consistently highlighted in this silver stock report. It's also strange because the amount of the value of the gold contracts, at $425 billion, and other commodities contracts, at $3101, went unchanged for that reporting period.

This BIS change is significant, both in the relatively large silver amounts, and the reporting period. The change took place after I began publishing this BIS data, and soon after I filed the first anti trust complaint against JP Morgan with the Justice Department, in April, 2010.

http://silverstockre...m/2010/doj.html

This data change also took place after the filing of approximately 25 lawsuits against JP Morgan over silver manipulation.

It has been difficult to document the BIS data change, since they often change the web links to their reports, and they change the reports directly. But a helpful reader has discovered the original reports at the BIS website.

From 2009, Dec report: $203 billion for the June, 2009 period.
http://www.bis.org/p...df/r_qa0912.pdf

From the 2010, June report: $203 billion for the June, 2009 period.
http://www.bis.org/p...df/r_qa1006.pdf

From the 2010, December report: $93 billion for the June, 2009 period.
http://www.bis.org/p...df/r_qa1012.pdf

From the 2011, June report: $93 billion for the June, 2009 period.
http://www.bis.org/p...df/r_qa1106.pdf

Since the BIS changes their urls and reports, I saved all of these pdf files, which are archived here:

http://www.silversto...IS/r_qa0912.pdf
http://www.silversto...IS/r_qa1006.pdf
http://www.silversto...IS/r_qa1012.pdf
http://www.silversto...IS/r_qa1106.pdf

And since the BIS changes their urls and reports, I also captured a print screen of these pdf files being opened directly on the BIS website:

http://www.silversto...om/BIS/0912.png
http://www.silversto...om/BIS/1006.png
http://www.silversto...om/BIS/1012.png
http://www.silversto...om/BIS/1106.png

In conclusion, it's not a "conspiracy theory" that the banks are manipulating the silver market. The BIS bank data shows the conspiracy.

And when the banks are saying indirectly, "don't trust us", given both the large amounts and large changes in their published data, it would be foolish to trust them.

It's a mathematical certainty that silver prices will explode upwards in price, and only people who hold their own silver will benefit from the major value change that's coming.

You can buy real silver from us at www.jhmint.com

We have much lower prices, or premiums over spot, right now. Everyone wants to buy on a dip. Now's your chance!


=====

I strongly advise you to take possession of real gold and silver, at anywhere near today's prices, while you still can. The fundamentals of silver indicate rising prices for decades to come, and a major price spike can happen at any time.

Follow me on facebook!
http://www.facebook.com/jason.hommel

JH MINT & Coin Shop, Grass Valley, CA -- minimum order $5000 for free shipping, USA shipping only.
Open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends and bank holidays.
www.jhmint.com
(530) 273-8175
Kerri handles internet phone orders:
kerri.jhmint@yahoo.com
(530) 273-8822

You can also buy silver from my mom at www.momssilvershop.com
Mom will ship overseas, and also in lots of more or less than 100 ounces.
3510 Auburn Blvd #12
Sacramento, CA 95821


Sincerely,
Jason Hommel
www.silverstockreport.com
www.bibleprophesy.org


the same # keep providing s&r over and over again. 1531 is the # 1513 support. this is the quiet before the storm. summer doldrums, hardly. its been unraveling, but now it is @a quicker pace. dont fall in love w/fiat. its days , in its present form are #rd. tough to keep bond investors corralled when you have huge deficits, rising inflation, and offer little to squat for a return. i have friends that think i am an idiot for spending my time and money in the miners, so far miners are lagging the precious metals. over these next few years, i am about to become a genius.
there is one more good shakeout coming. but not before new highs.
for all that are objectively willing to take a look, this system is a train wreck about to happen. gold=money. w/the huge fires in nm , this am the air is thick w/smoke. no rain . only fires.
the news just serves the banksters. get everyone on one side of the boat over and over again, and then just pull the plug. there is going to be an anemic middle class. in this last pullback in the miners and metals, my guess is most sold. the gold community ran for the hills, which are on fire.
the cot #s got more and more bullish. gold goes up 40 in 3 sessions and folks scratch their head. its not going to perform as we want it to. or we think it should . the technicals all screamed bottom. it stalled. tested. retested. congress fiddles. president is a bankster in disguise. what is safe? better figure that one out soon. the next years are going to be harrowing.
dharma

#155 stubaby

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Posted 07 July 2011 - 12:09 PM

dharma:

The "experts"? say "buy Precious Metals for Inflation protection" and a few of the sheeple buy-in - then there is a relatively small deflationary scare and the newbies are gone. This has been repeated over and over since the PM Bull was born. The truth is PM's will thrive in BOTH environments.

The power of the Gold Miners will be seen during any deflationary episodes, as input costs decline they become 'powerhouses'!

OR

The power of the Gold Miners will be seen during any inflationary episodes, as rising gold prices likely to exceed rising input costs they become 'powerhouses'!


I recently wrote to my clients:
Deflationary Scare Continues! I am convinced that the following factors have come into play since the 1st week of May:
  • Actual prices for things people "need" (food & energy) had begun to increase to the point that "inflation fears" started to be realized
  • The end of the Federal Reserves Quantitative Easing Program (QE2)
  • The drop in the US Dollar's value was beginning to reach an inflection point
  • The Federal Reserve was beginning to be pressured to end it's present "zero interest rate policy"
  • The "engineered" sell-off in commodities that occurred due to more scares from Europe regarding Greek debt (US dollar strengthened vs Euro in response) and four(4) consecutive increases in margin requirements in Silver at the Commodities Market Exchange (CME) was able to "tip the balance" and hence the drop in these markets.
Now the "stage is set" for the Federal Reserve to launch it's new program (QE3?) and maintain it's "zero interest rate policy" during the months ahead, but in reality NOTHING HAS CHANGED - NO STRUCTURAL PROBLEMS HAVE BEEN ADDRESSED and IN THE END "MARKET FORCES WILL PREVAIL"


stubaby

#156 dharma

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Posted 07 July 2011 - 12:27 PM

dharma:

The "experts"? say "buy Precious Metals for Inflation protection" and a few of the sheeple buy-in - then there is a relatively small deflationary scare and the newbies are gone. This has been repeated over and over since the PM Bull was born. The truth is PM's will thrive in BOTH environments.

The power of the Gold Miners will be seen during any deflationary episodes, as input costs decline they become 'powerhouses'!

OR

The power of the Gold Miners will be seen during any inflationary episodes, as rising gold prices likely to exceed rising input costs they become 'powerhouses'!

I recently wrote to my clients:
Deflationary Scare Continues! I am convinced that the following factors have come into play since the 1st week of May:
  • Actual prices for things people "need" (food & energy) had begun to increase to the point that "inflation fears" started to be realized
  • The end of the Federal Reserves Quantitative Easing Program (QE2)
  • The drop in the US Dollar's value was beginning to reach an inflection point
  • The Federal Reserve was beginning to be pressured to end it's present "zero interest rate policy"
  • The "engineered" sell-off in commodities that occurred due to more scares from Europe regarding Greek debt (US dollar strengthened vs Euro in response) and four(4) consecutive increases in margin requirements in Silver at the Commodities Market Exchange (CME) was able to "tip the balance" and hence the drop in these markets.
Now the "stage is set" for the Federal Reserve to launch it's new program (QE3?) and maintain it's "zero interest rate policy" during the months ahead, but in reality NOTHING HAS CHANGED - NO STRUCTURAL PROBLEMS HAVE BEEN ADDRESSED and IN THE END "MARKET FORCES WILL PREVAIL"


stubaby

stubaby, this game is timeless. the sheep will always get slaughtered.
here read armstrongs latest!
http://www.martinarm...007-04-2011.pdf
i read marty, whenever he posts. i dont post them here as i dont think there is much interest.
this piece i found to be fascinating.
dharma

#157 dharma

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Posted 08 July 2011 - 09:34 AM

10,000 + views on the thread and only a handful of participants. no wonder i feel as though i am talking to myself
yesterday i read ted butler he was quite amazed and surprised by the cots. the banksters have actually closed a significant #of shorts and even gone long. of course in the end the banksters will be very long. here is bob hoyes take http://www.321gold.c...hoye070711.html. personally, i think silver will not make new highs until some time has elapsed. but, 43 is still a good move from here
we are in a crises. bailouts are a joke, in the end, greece will not be able to pay. portugal will not be able to pay. california will not be able to pay.illinois will not be able to pay, on and on. sovereigns either renege or inflate it away. either way , being a bond holder is a losing proposition. pimpco's bill gross has gone short. that is saying something for the world's largest bond trader. we will get a taste of the crises of these next several weeks. the main show will be down the road. i am aware of the deflation. it is a strong current. so the dollar bulls hang their hats on that slippery slope. make no mistake when currencies go into trends , they stay in those trends for decades. sure there will be rallies, which will end in lower lows.
what has my interest is the broads are behind the woodshed today. generally not good for the miners. so , i want to see how the miners fare in down broad market. my experience tells me that the miners will not fare well. yes i realize gold has taken out the 1531 resistance and is +10 , silver has turned negative. betting on rising miners when the broads take a licking is not a wise bet
dharma

#158 johngeorge

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Posted 08 July 2011 - 12:27 PM

dharma

Regards the broads vs the miners the HUI is at 536.09 as I type. Down so far today 0.11%. Not too bad considering..........However, as you mention, not a good bet.

Regards the economy and ability to pay I ask; What economy when there are no jobs!

Stunner: NFP Up Just 18K, Unemployment Rate 9.2%, Household Survey Down 445,000, Birth Death +131,000

Labor Force Participation Rate Drops To Fresh 25 Year Low: 64.1%

More Records: Average Duration Of Unemployment; People Not In Labor Force Who Want A Job Now Both At All Time High
Peace
johngeorge

#159 dharma

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Posted 11 July 2011 - 09:22 AM

the crises du jour, today is italy. its a joke its all a crises , spin the wheel and it stops on california, Illinois, usa it doesnt matter. the world is overspent and in debt. 1549 had provided stiff resistance. these #s are falling easier now. of course i like to see closes above the #s. silver and miners not faring as well as gold. gold is my metal of choice anyway. the usa debt ceiling will have its turn, its just pathetic to see these guys haggle for their constituents while rome burns. this move is still young. dharma

#160 johngeorge

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Posted 11 July 2011 - 12:10 PM

the crises du jour, today is italy. its a joke its all a crises , spin the wheel and it stops on california, Illinois, usa it doesnt matter. the world is overspent and in debt. 1549 had provided stiff resistance. these #s are falling easier now. of course i like to see closes above the #s. silver and miners not faring as well as gold. gold is my metal of choice anyway. the usa debt ceiling will have its turn, its just pathetic to see these guys haggle for their constituents while rome burns. this move is still young.
dharma


dharma

Gotta agree with all you say. Gold will lead all the way with silver tagging along. Not looking for silver to $50 until late this year or early next year. Miners getting beat up today, with a few exceptions, with the broads sell off. Thanks for all your updates.

Best to you. :)
Peace
johngeorge