Record Hedge Fund Short Position In Silver [View article]
The article is good advice. Like they say...the bullion banks will eventually end. The only way the gov't could slow the increase in gold prices is by intervention by huge banks like J P Morgan, etc...to 'nail' the GLD and scare the be-jesus out of everyone. And that has succeeded. But....be patient......as the author advises.....eventually reality will reappear in the silver and gold prices and those who are patient will be rewarded greatly!!!! Prudent advise. I also used to be a commodities trader and have been watching and playing the markets since 1975. Patients is a problem for everyone...take a deep breath and relax. The real world will reappear!
The decline in gold prices could be an opportunity for bulls, quips MBF Clearing commodities trader Mark Fisher. "If you're a long-term believer in gold, then you should love this, what's going on, because it's going to give you a chance to buy a significant position at a much cheaper price." The operative two words in that sentence however, are "long-term." "If you're a short-term speculator, good luck." (Video). [View news story]
Every market has its 'dumps'! And I do believe that the Big Banks have a huge hand in this. Basel III world wide bank rules are being implemented and that says that the Big Banks must begin accummulating gold to meet the new Basel III bank reserves. It is all the more reason for the banks to drive gold down and be able to buy it much cheaper. This huge short position has been building and it was a matter of time before things began happening....and it is! Fiat Currencies haven't never made it in financial history and they won't again. What does....Gold/Silver! How long will it take for all this to play out.....may take 10 years or maybe 5 years. The world can not run on fiat currencies. Everyone in the know regarding financial history knows this to be a fact.
In response to the spike in volatility, CME Group (CME) says it's raising collateral requirements for trading in benchmark gold, silver and other precious metals futures contracts, effective at the close of business Tuesday. Margins to trade Comex 100-troy ounce gold futures will be increased by 19%, silver will increase 18%, palladium 14% and platinum by 19%. Natural-gas futures will also increase 5.6% as well. [View news story]
Certainly time to be steady and full of wisdom! Cash at the moment looks even better. There could be some big hedge funds, etc. blow up particularly if this swings over into the equity markets....which I think is very very likely. We may see that 20 - 40 % correction possibly!
Hard to call....but....it will gap higher and could very well be a 'bear trap'..........the trading adage.......buy the rumor....and sell the fact!.....this market has been holding very firm in the face of not too good looking fundamentals in industry.......probably best to watch the action tomorrow and a few days. I think the markets will now start looking at the bad fundamentals..nothing has changed in the consumers mind. Same high unemployment, ObamaCare kicking in and no one knows what these costs are going to be...etc...etc......can't see much 'positive' information to see an S&P going to the 1500 area. We all know that this country is looking at $ 20 Trillion Debt load at the end of this socialist president.
Going over the fiscal cliff "looks like where we're headed," says Senate Majority Leader Reid. S&P 500 losses accelerate, -0.7%. [View news story]
Harry and his friends don't want to stick their necks out! They don't want taxes to be held at the current levels for anyone. A good way to blame the Repubs and accomplish what the socialists want to do and the American people are soooo naive that they really don't understand why Reid and his friends want to 'really' do!
Since the Court upheld Obamacare, small business owners have gone from denial to outright anger. Many entrepreneurs are focusing on figuring out what moves they can make to gum up the works and prove healthcare reform was a bad idea and offer a case study on why it will fail. Some of the top threats: Firing workers instead of hiring, stop providing health insurance altogether and pay the $2K penalty, or even going so far as to shutter their businesses. [View news story]
I am a small business owner. When the competition decides to drop their employee healthcare insurance and just pay the approx $ 2000 'tax' penalty.....that will make other competitor companies drop theirs...force their employees to purchase their own health insurance with 'after tax' dollars....and the company will pay the penalty...whoops....TAX! this will be required to remain cost competitive with the competition. But,,,,,,the employees will be the ones that are hurt financially as they will buy their own insurance and in most instances it will be a less coverable insurance. BUT,,,,THE OBAMA ADMIN AND THE DEMOCRATS ARE NOT REALLY CONCERNED ABOUT THOSE OF US PAYING ALREADY FOR INSURANCE...ALL THEY WANT IS THE 30 MILLION WHO DON'T HAVE INSURANCE.
Politicians' talk of $2.50/gallon gasoline isn't realistic, and the U.S. already enjoys the "cheapest energy in the world,” T. Boone Pickens says. He's “frustrated” that legislation which would put more natural gas into commercial trucks has gone nowhere: "You put natural gas... into heavy-duty trucks, you can bring down the price of diesel gasoline. I don’t understand why they [Congress] don’t understand." [View news story]
Please, please, please....study how the futures markets work and the key roll that speculators play. Everything in the futures market is based upon expectations of the future. Without speculators and the futures markets....you would see huge swings every few weeks in the price of everything you buy and particularly any commodity related product like gasoline, bread, meat, etc......I know that you would not like to see gasoline per gallon at $ 1.50 per gallon one week and within a few days it could be $ 6.00 per gallon......also....br... 1.50 per loaf one week and a few days later,,perhaps,,$ 3.50 per loaf. PLEASE PLEASE UNDERSTAND THE FUTURES MARKET. I used to own a grain elevator and was also a registered commodity broker for several years.....and your understanding and the majority of all news outlets and 'spin doctors'....including O'Reilly,,,,,,,absolutely don't understand what they are jabbering about. The big problem in this country is that most people either are too lazy to do due diligence on a subject or...would just rather spew the stuff further to everyone they know or don't know. Goebbels himself in Nazi Germany had the philosopy of propaganda to tell a lie often enough and long enough and eventually people would believe it! Well,,,,this is certainly what is happening in the country today in a great big way!
Record Hedge Fund Short Position In Silver [View article]
The article is good advice. Like they say...the bullion banks will eventually end. The only way the gov't could slow the increase in gold prices is by intervention by huge banks like J P Morgan, etc...to 'nail' the GLD and scare the be-jesus out of everyone. And that has succeeded. But....be patient......as the author advises.....eventually reality will reappear in the silver and gold prices and those who are patient will be rewarded greatly!!!! Prudent advise. I also used to be a commodities trader and have been watching and playing the markets since 1975. Patients is a problem for everyone...take a deep breath and relax. The real world will reappear!
The decline in gold prices could be an opportunity for bulls, quips MBF Clearing commodities trader Mark Fisher. "If you're a long-term believer in gold, then you should love this, what's going on, because it's going to give you a chance to buy a significant position at a much cheaper price." The operative two words in that sentence however, are "long-term." "If you're a short-term speculator, good luck." (Video). [View news story]
In response to the spike in volatility, CME Group (CME) says it's raising collateral requirements for trading in benchmark gold, silver and other precious metals futures contracts, effective at the close of business Tuesday. Margins to trade Comex 100-troy ounce gold futures will be increased by 19%, silver will increase 18%, palladium 14% and platinum by 19%. Natural-gas futures will also increase 5.6% as well. [View news story]
The House passes the Senate's fiscal cliff bill, 257-167. It now heads to the president for signature. (what's in the deal) [View news story]
Going over the fiscal cliff "looks like where we're headed," says Senate Majority Leader Reid. S&P 500 losses accelerate, -0.7%. [View news story]
Since the Court upheld Obamacare, small business owners have gone from denial to outright anger. Many entrepreneurs are focusing on figuring out what moves they can make to gum up the works and prove healthcare reform was a bad idea and offer a case study on why it will fail. Some of the top threats: Firing workers instead of hiring, stop providing health insurance altogether and pay the $2K penalty, or even going so far as to shutter their businesses. [View news story]
Politicians' talk of $2.50/gallon gasoline isn't realistic, and the U.S. already enjoys the "cheapest energy in the world,” T. Boone Pickens says. He's “frustrated” that legislation which would put more natural gas into commercial trucks has gone nowhere: "You put natural gas... into heavy-duty trucks, you can bring down the price of diesel gasoline. I don’t understand why they [Congress] don’t understand." [View news story]
The big problem in this country is that most people either are too lazy to do due diligence on a subject or...would just rather spew the stuff further to everyone they know or don't know. Goebbels himself in Nazi Germany had the philosopy of propaganda to tell a lie often enough and long enough and eventually people would believe it! Well,,,,this is certainly what is happening in the country today in a great big way!