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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