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Re: CFTC admits one Trader is SHORT 23% of the silver contracts – possible position limits ahead.

February 7th, 2010 by bullion buzz

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This entry was posted on Sunday, February 7th, 2010 at 9:41 am and is filed under Silver. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

25 responses about “Re: CFTC admits one Trader is SHORT 23% of the silver contracts – possible position limits ahead.”

  1. junkyarddog47 said:

    Wow, keep living, I am a Ron Paul support. Oh bye the way, I’m black. Do you want further proof. I can provide many many more. Live and Learn

  2. davincij15 said:

    Good question.
    First google and watch the video…

    “Money as Debt”

    Consider the power of creating money out of nothing. It means you rule. Think about it, you decide who gets a loan thus making them your free slave.

    Also note that silver and the word money is the same in 14 different languages, the dollar is the world reserve currency, every commodity is priced in dollars and every central bank saves 60% + in dollars and people buy something going up all the time. *cough* housing *cough*

  3. turboredcart said:

    5 stars.

  4. EdR77203 said:

    What I do not understand is what the banks (JP Morgan the management behind SLV) are getting by manipulating the silver market down.

  5. davincij15 said:

    There are many of us, freedom is a black thing. ;)

    LOL

  6. FUZZYisBIG said:

    You have to be the first black Ron Paul supported I have ever seen. Respect!

  7. onemindonespirit said:

    @truont Don’t look now. :)

  8. chena3 said:

    fun with big boats full of oil ..101
    2 mil barrel tanker rental rates…
    sept 3200 $ a day…oct 12000$ day
    nov 15000 $day….dec 27000 $day
    average 15k to rent a boat to store 2 mil barrel of oil per day
    oil price increase 10$ = 20 mil profit on boat load of oil
    100 rental days at 15k average is only 1.5 mil
    lotz of profit margin if positioned properly ..
    this oil is entering market now …many boats full…
    should cause oil to price downward ….unless
    middle east conflict ignites …

  9. davincij15 said:

    Bolenger band is giving silver some head room to run.

  10. chena3 said:

    strangeness today …
    everything is up..
    dxy ..gold.. stocks ..it’s all green
    note gold and silver price action today
    over lay their charts ..almost identical moves …
    very odd ..everything looks positive today
    leeds me to think
    life in the shadows …i.e. shadow banking and finance
    not so good …equally as bad or worse
    as today looked good ..on the street…
    equally and opposite …and all that stuff
    just a thought …take care
    silver wants to go to 20 ..just has to find 19 first ..

  11. TheCZMan said:

    In case you did not find, watch

    watch?v=GKURxNMi2xA

    You’ll find all versions if you wish.

    What do you think?

    Thanks.

  12. marketwatch101 said:

    If it came from stellaconcepts that predicted and I quote “USD To Default On Its Debt Or Devalue Its Currency In July/August ” 6-3-09, it must be true.

  13. marketwatch101 said:

    @davincij15 I’ll take a stab of what’s going to happen. I’m the guy you lost a pizza to on the $ index bet. You thought the $ index would be at 50 by the end of 09 Gold had left the ordinary trading range in Oct and Nov of 09. Its final rise saw 21 daily gains against only 3 declines. This is parabolic terminal action. Take profits Also, the Dow has given a major warning of a temporary top with 523 new stock highs on Jan 11. Take largest profits. Don’t be greedy and end up behind the 8 ball.

  14. davincij15 said:

    Keep in mind who is in charge. The banks have bought and paid for all judges and prosecutors long ago.

    Bart has to walk a tight rope of his job and prison sentence to help US.

    So be grateful he is doing something compared to the other cowards that do nothing and suck off banker tit.

  15. budb11 said:

    All sitting commissioners are corrupt and are cowards. I expect them to tell the truth at the very least. To say that Bart is on our side because he accidentally blurted out the truth is ridiculous. Our leaders should be shouting out the truth when they see corruption. The CFTC has been allowing manipulation for years because the damn Fed says it’s for our own good. The US gov’t believes keeping the price of gold and silver down is best for the country. Let’s vote these bastards out.

  16. budb11 said:

    It has been diluting the silver market for a long time. Hard money is the great enemy of fiat currency. You must keep the price of silver and gold down or the fiat currency will fail. The Founding Fathers knew this simple fact and called for gold and silver COIN to be the money of the Republic. The Fed could not exist without being able to pull paper money out of its ass under the fractional reserve system. The US gov’t is corrupt; to hell’em with all existing politicians. Let’s vote them out!

  17. BLynchCAN said:

    Frak

  18. sepftc said:

    yet I have not seen it on bread, milk and cheese.

  19. davincij15 said:

    Yeah that happens when you print 2 trillion and hand it out.

    That happens when the US gov goes into debt 1.4 trillion and 80% is printed.

  20. sepftc said:

    please tell me why Im seeing high prices on copper, alluminum and scrap iron. something is up

  21. davincij15 said:

    Silver has to take out 18.92 and it’s up up away. If it takes out 18.16, we will see it at 17.5.

    But the charts are unclear Stochastic is embedded meaning its bullish to the upside but it needs to make higher highs soon or the stochastic reading will break out the down side.

    Silver has broken out of a short trend 7 day trend line and is above a lower 14 month trend line that is at the 17.5 so it can touch it and still be in the upward trend.

    Short answer I don’t know whats going to happen.

  22. davincij15 said:

    There is a 60% chance that silver will drop to high 17 this week. If it does not then things may get ugly in the upward move.

  23. truont said:

    @1min. Don’t look now, but silver is already at $18.70, so $19 is very very close. It will go back above $19–but I don’t know how high it will go before going in another downleg.
    The problem with bull markets is that they get away from you. IE silver is making higher highs and higher lows. davincij15 says wait for the pullback. I am not, just MHO.

  24. onemindonespirit said:

    So what do you think, will silver take a pull back any time soon or will this news push the price up past $19?

  25. sarahsgift1 said:

    This is really starting to get interesting.Tons of great comments!