They may want you out of the paper, you buy the PM and then they will tell you its illegal for private citizens to own PM's, something similar to executive order 6102. Who really knows to what extent they will carry this out.
We hit a low early morning of 40.22, right now we are at 40.68, the 50dma has only been violated once this year and you can see back in 2010 it hung around the fifty for many weeks, so lets see if that holds. If it doesn't we will go to 34 (thats if charting still matters, and this is where the bottoming will start). I have been buying puts to protect my longs. these sell off are so vicious and they start at the point of the day (London close) where there is the least liquidity so they can easily drive the price down.
"The bankers are waging a paper silver war on paper longs. This is why I urge all of you not to play the crooked comex. The comex is nothing but a paper game. Do not use leverage whatsoever. Just go and buy the physical silver from your local dealer or bank. This is what will kill the bankers game". Harvey Organ
"A number of high-profile investors remain huge holders of gold and silver, amid continuing concern about inflation and the dollar. Mr. Paulson, known for his lucrative bet against mortgages a few years ago, told investors he still has most of his personal money in gold-denominated funds operated by Paulson & Co. Mr. Paulson told investors Tuesday morning that gold prices could go as high as $4,000 an ounce over the next three to five years, as the U.S. and U.K. flood the money supply." WSJ
No comments:
Post a Comment