Use access key #2 to skip to page content.

binve (< 20)

Jesse: Silver S Q U _ _ Z _ : Would You Like to Buy a Vowel?

Recs

27

May 11, 2010 – Comments (17) | RELATED TICKERS: SIL , VEOEY , R

Another great post by Jesse at Jesse's Café Américain

11 May 2010
Silver S Q U _ _ Z _ : Would You Like to Buy a Vowel?
http://jessescrossroadscafe.blogspot.com/2010/05/silver-s-q-u-z-would-you-like-to-buy.html

Another vertical move in silver from the New York open, as the bullion bears who are heavily short silver attempt to cover their paper shorts, which is a trick considering how tight the physical market is, and how vulnerable they are to discovery now that their attempt to suppress the price is falling apart. It is like watching the Hunt Brothers silver gambit in reverse.

If you like your markets opaque, imbalanced, and dangerous, the NYMEX is your Bartertown.

If this turns into a serious short panic the price of silver could reach its all time high. Markets that are allowed to become this out of sync with legitimate price discovery are inefficient and disruptive to the real economy.

But now we will see the bullion banks who have sowed the wind, reap the whirlwind.



ENLARGE

17 Comments – Post Your Own

#1) On May 11, 2010 at 10:55 AM, outoffocus (24.29) wrote:

*Sings alto as you preach to the choir*  Gold and silver are skyrocketing today and its practically a nonevent in the financial news.  Maybe it'll get a brief mention on CNBC or something.

Report this comment
#2) On May 11, 2010 at 10:58 AM, binve (< 20) wrote:

outoffocus,

>>*Sings alto as you preach to the choir*

LOL!

>>Gold and silver are skyrocketing today and its practically a nonevent in the financial news.  Maybe it'll get a brief mention on CNBC or something.

And in other news, real money is vastly outperforming fiat money. What that means for your weekend when we come back ... :).

Report this comment
#3) On May 11, 2010 at 11:15 AM, ChrisGraley (29.42) wrote:

JPM and others realize that the jig is up.

Report this comment
#4) On May 11, 2010 at 11:17 AM, binve (< 20) wrote:

ChrisGraley ,

I agree. The writing is on the wall..

Report this comment
#5) On May 11, 2010 at 11:22 AM, cbwang888 (26.12) wrote:

Day 3 of silver squeezing. I posted the revenge of the silver metal on day 1

 

:)

 

 

 

Report this comment
#6) On May 11, 2010 at 11:26 AM, binve (< 20) wrote:

cbwang888,

Thanks man! Sorry I missed that!..

Report this comment
#7) On May 11, 2010 at 12:17 PM, chk999 (99.96) wrote:

We shall see.

Chris - long HL

Report this comment
#8) On May 11, 2010 at 12:20 PM, binve (< 20) wrote:

chk999 ,

Indeed :)

binve, long SLW, HL, EXK, CDE, CEF, etc. ... :).

Report this comment
#9) On May 11, 2010 at 12:26 PM, Momentum21 (99.50) wrote:

I am thrilled to have found common ground somewhere my friend. 

Long SLW.  

Report this comment
#10) On May 11, 2010 at 12:34 PM, binve (< 20) wrote:

Momentum21 ,

>>I am thrilled to have found common ground somewhere my friend. Long SLW. 

Right on my man! :) Thanks!..

Report this comment
#11) On May 11, 2010 at 4:16 PM, outoffocus (24.29) wrote:

Great action on gold and silver today.

*pops champagne*

Too much more of this and I'll be popping dom perignon.

Report this comment
#12) On May 11, 2010 at 5:34 PM, binve (< 20) wrote:

outoffocus,

I have a bottle of 30 year old Macallan in mind some day ... ahhh, someday (man, I have such a weakness for scotch). :) But, I will absolutuely toast with you with some champagne today! :).

Report this comment
#13) On May 11, 2010 at 7:26 PM, ChrisGraley (29.42) wrote:

It will be interesting to see what happens to the spot price after market hours tonight.

Report this comment
#14) On May 11, 2010 at 10:43 PM, binve (< 20) wrote:

ChrisGraley ,

I am eagerly awaiting the open :)..

Report this comment
#15) On May 12, 2010 at 6:36 AM, outoffocus (24.29) wrote:

As of 6:30 am

Gold 1240

Silver 19.49

O.O

Report this comment
#16) On May 18, 2010 at 12:01 AM, HarryCaraysGhost (99.44) wrote:

Can I get an E Pat?

Report this comment
#17) On May 18, 2010 at 9:19 AM, binve (< 20) wrote:

msftgev ,

Would you like to solve the puzzle ? :)..

Report this comment

Featured Broker Partners


Advertisement