Silver Price Watch

[Silver Soul]

Let's see what that silver fairy brings tonight... so far looking good. Confirmation candle achieved but the tekan is still in the cloud indicates a weak uptrend. At the moment I'm out

MMAs tightening so might be a trade tonight.... maybe

 

[Silver Soul]

Well, that was drawn out, but it popped in the end.

 

[Silver Soul]

Who's game for a bet? POS $37.50 very soon

 

[Silver Soul]

A green Friday would be magic.

 

[pmbug]

Friday is 4th of July holiday here in the USA - markets are closed.

 

[Silver Soul]

^^^^ Wall Street whores won't get their fingers dirty tonight

 

[alor]

View: https://www.youtube.com/watch?v=u8Ob1snfkss

 

[Silver Soul]

Based on the current trend of the charts, the POS breakout could occur very soon! The final hurdle is around $38.50. At this mark, it could go anywhere into the unknown

 

[Silver Soul]

We are so close to the glory hole.

 

[STKR]

We are so close to the glory hole.
View attachment 14335

I'm negative for saying this but something doesn't feel right. Also, I've never really understood the whole rolling over of commercial short positions? There have been claims that the commercial banks have long-standing short positions and see significant unrealised losses when the price goes up. Has anyone ever heard of these claims? I've never looked into it, so I don't actually know for sure. If it were the case then there'd be an expectation the commercials would need to heavily short silver and push the price down to a level where they can finally close off their positions to allow silver to climb in price significantly. When I think about that, the whole idea of perpetually rolling over of shorts seems unrealistic.

 

[Silver Soul]

What you are talking about is naked shorts

 

[Silver Soul]

Bear Sterns bank was famous for spoofing in 2008

 

[Silver Soul]

Anyway its all over the Web to find an answer you are looking for. I'm too lazy to type it here.

 

[STKR]

What you are talking about is naked shorts

I'm talking about the rolling over of contracts to maintain a continuous short position.

 

[Silver Soul]

From what institution? Have you a link? Proof? You do know that it is not illegal to short ..... just don't get caught with ya pants down.

 

[Silver Soul]

I'm talking about the rolling over of contracts to maintain a continuous short position.

Who is short?

 

[Silver Soul]

Anyone short at the moment must be bleeding. And will be a bloodbath very soon for them

 

[Silver Soul]

I understand your caution. Only because I have followed the silver train for a long time. I have seen a few ups and so many downs with silver and wonder why I still hold it.

 

[Silver Soul]

More money farming marijuana. This year 2800 trees were planted in the ground

 

[STKR]

From what institution? Have you a link? Proof? You do know that it is not illegal to short ..... just don't get caught with ya pants down.

Man, you've really misunderstood what I've said. I was just referring to the claim that the short positions don't close, they just get added to and rolled over. I think the claim originated from the Max Keiser times of 'Buy Silver, Crash JP Morgan". That the price of silver would need to make a massive correction before it can rise to new heights, as they would need to close off their short positions.

Of course shorts are legal. I don't know why you felt the need to state that to me.