6 replies to this topic

[tradesurfer]

chitting bricks soon lol what a bunch of morons to go so heavily short at this juncture, talk about dumb money, geez...

[senorBS]

chitting bricks soon lol

what a bunch of morons to go so heavily short at this juncture, talk about dumb money, geez...

that would be MUY MUY cool, luv to see them get their behinds handed to them

Senor

[Russ]

Have the commercials ever been totally wrong before in the precious metals or any commodity? If so then what percent of the time have they been wrong?

[dharma]

Have the commercials ever been totally wrong before in the precious metals or any commodity? If so then what percent of the time have they been wrong?

russ , the commercials are friends w/the exchange members. they throw each other steak dinners every now and again. back in the day. it was the hunts that were roasted. the exchange changed the rules and only silver of silver was allowed. so , they are not wrong often, and when they are wrong , the exchange changes the rules
dharma
i suspect @some point they will be overrun

[Russ]

Have the commercials ever been totally wrong before in the precious metals or any commodity? If so then what percent of the time have they been wrong?

russ , the commercials are friends w/the exchange members. they throw each other steak dinners every now and again. back in the day. it was the hunts that were roasted. the exchange changed the rules and only silver of silver was allowed. so , they are not wrong often, and when they are wrong , the exchange changes the rules
dharma
i suspect @some point they will be overrun

Hi Dharma, Not sure what you mean by 'only silver of silver was allowed'?


Looking at this cot chart going back 6 years you can see that the commercials have been more heavily short than they are now so that could provide some flexibility for gold and silver to move up into at least into sept/oct...

Edited by Russ, 01 July 2014 - 02:47 PM.

[dharma]

whoops, what i meant was only selling of silver was allowed. no buying .well its no mystery why the price tanked. left the hunts in a bad situation. where their assets had to be liquidated by the courts. dharma

[Russ]

Latest from MA...

QUESTION: Marty; Great call on the gold again. The June low was spot on. At the Conference you warned we could still make another pass at the lows in dollars in 2015 but this would be a delicate ballet between the varied trends in currencies. Do you still see this as a possibility?

Best regards;

HP

ANSWER: "Yes. June was the perfect target both seasonally as well as being 34 months from the highest monthly closing.In spot. We still have the seasonal June low in 2013 whereas in nearest futures the low is remains December 2013. So we do not have a low UNDER 2013 as of yet and until we get a monthly closing ABOVE 1550, we must respect that new lows in dollars are still possible especially if we get a real surge in the dollar until the markets regroup. "

The stockcharts.com PNF price objective for Gold is $1500 which would be a good rally, so maybe after that in Sept./Oct we will get sub $1000 going into 2015 as the dollar rallies? The PNF objective for Silver is $2! Go figure, that is extremely unlikely to happen.

Russ

Edited by Russ, 01 July 2014 - 03:31 PM.