Derick43234
By: saabaero13 • Essay • 1,393 Words • May 3, 2011 • 2,120 Views
Derick43234
Hell, I'll buy as much as I can at these prices! I'll even give him $1.50 over spot!
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by Spitzer
on Wed, 05/04/2011 - 00:41
#1237053
He never purchased any physical. He is selling paper silver. This is bullish for real silver because he is probably dumping paper, which drives the price of phsical down so that he can get physical at lower prices.
One of these days, the SLV will be crashing while premiums on physical go insane.
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by RichyRoo
on Wed, 05/04/2011 - 01:05
#1237098
Is it possible that insiders know COMEX is about to default, and so are getting rid of soon to be worthless paper silver? Is anyone aware of anyone selling large amounts of actual metal?
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by tmosley
on Wed, 05/04/2011 - 01:19
#1237108
Good hypothesis.
This is what I am thinking now as well. The paper pushers are changing the rules as fast as their little pens can cross paper, so everyone is abandoning the paper ship and pouring into physical.
As such, spot price is unlikely to recover. Rather, the recovery will come in the form of constantly increasing premiums on real, physical silver, or the metal will simply disappear.
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by DK Delta
on Tue, 05/03/2011 - 23:18
#1236872
Soros is notorious for talking his book. I wouldn't trust any of these rumors either way.
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by Id fight Gandhi
on Tue, 05/03/2011 - 23:47
#1236961
Never trust him. Trade the opposite,
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by Phillips Capital
on Wed, 05/04/2011 - 00:43
#1237059
exactly. negative psychology (or whatever the term is.)
he already sold and sees no need to sell more at this low of a price. buying time.
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by CitizenPete
on Tue, 05/03/2011 - 23:18
#1236873
Something very very big is going down.
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by DoChenRollingBearing
on Tue, 05/03/2011 - 23:32
#1236915
I feel the same way...
I sure am glad I am up to 12% of my assets in PMs, mostly gold. And I am not selling. I will quietly give it away to my kid (or grandkids in the future?).
Something wicked this way comes.
...
Res pubblica mortuus est. Vivat imperium.
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by topcallingtroll
on Wed, 05/04/2011 - 00:20
#1237014
It is an easy way to avoid probate and creditors.
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