sixgun

People of the forum are looking for physical gold and silver. We don't give a flying f*ck what JPM and Goldmans are doing - there isn't a lot of physical around, so if JPM and Goldman could flood the market with physical that would be great - but they won't - they are doing the same as us - stacking physical. We are on the same side.

Mr Wong is "..going down and going down hard from now!"
It sounds like an excerpt for a mucky magazine. Shocking.

There won't have been any metal - the banks take the cash and never buy the metal - it goes elsewhere to play at other tables at the casino.
i expect they want rid of these accounts before they become bigger losers. There would never have been any gold - so as price climbs the accounts cost the bank more and more - the bank isn't going to go into the market to buy gold (which i would say they should have done in the first place) - they will just close the accounts.
In effect the bank is short the metal - that is fine whilst price is suppressed but when it breaks free, it is a problem. Think of all those $billions of non-existent gold and silver these banks are short - but of course the precious metal markets are not suppressed.

Mr Wong is "..going down and going down hard from now!"
It sounds like an excerpt for a mucky magazine. Shocking.

There won't have been any metal - the banks take the cash and never buy the metal - it goes elsewhere to play at other tables at the casino.
i expect they want rid of these accounts before they become bigger losers. There would never have been any gold - so as price climbs the accounts cost the bank more and more - the bank isn't going to go into the market to buy gold (which i would say they should have done in the first place) - they will just close the accounts.
In effect the bank is short the metal - that is fine whilst price is suppressed but when it breaks free, it is a problem. Think of all those $billions of non-existent gold and silver these banks are short - but of course the precious metal markets are not suppressed.

Wonger points to the concentration of shorts in the hands of the usual suspects - that they always win. 
Today a LBMA market maker hit the buffers due to shorts in the OTC market. It is suspected this is UBS that is in trouble. They are in trouble due to their shorts.
Miners and closing - refiners are closing - there is a shortage in the retail market - interest in gold and silver is ramping up - interest in holding physical. There is no Brown's Bottom to bail them out it is simply more paper but the rush is into physical.
When Wonger started his silver thread he made out silver would go to $4 - it didn't. The situation in favour of price rising is even stronger. 
Wonger says he has been short today - he is underwater. Perhaps JMP and Goldmans will throw him a lifeline. 

People of the forum are looking for physical gold and silver. We don't give a flying f*ck what JPM and Goldmans are doing - there isn't a lot of physical around, so if JPM and Goldman could flood the market with physical that would be great - but they won't - they are doing the same as us - stacking physical. We are on the same side.

People of the forum are looking for physical gold and silver. We don't give a flying f*ck what JPM and Goldmans are doing - there isn't a lot of physical around, so if JPM and Goldman could flood the market with physical that would be great - but they won't - they are doing the same as us - stacking physical. We are on the same side.

No friend i will still be buying physical - it doesn't matter to me what the money changers are doing. 

No friend i will still be buying physical - it doesn't matter to me what the money changers are doing. 

Are you going short @Wonger?
50? 100 short GC contracts - go on 500 GC shorts - go for it. You'll make a fortune.

And i have just had my tea - my stomach is churning at the thought of Wonky Wonger getting filled. To each his and her own i suppose - as long as no children and animals were harmed in the process.

Mr Wong is "..going down and going down hard from now!"
It sounds like an excerpt for a mucky magazine. Shocking.

Mr Wong is "..going down and going down hard from now!"
It sounds like an excerpt for a mucky magazine. Shocking.

Wonger it is you who is going down and going down hard. The other day you said silver was falling to $4 without a bounce. Price then went up. 
Be careful friend - not only will you get filled but you could get stuffed. i am in physical metal - i don't worry about the price and margin calls.

Wonger it is you who is going down and going down hard. The other day you said silver was falling to $4 without a bounce. Price then went up. 
Be careful friend - not only will you get filled but you could get stuffed. i am in physical metal - i don't worry about the price and margin calls.

And i have just had my tea - my stomach is churning at the thought of Wonky Wonger getting filled. To each his and her own i suppose - as long as no children and animals were harmed in the process.

Mr Wong is "..going down and going down hard from now!"
It sounds like an excerpt for a mucky magazine. Shocking.

Mr Wong is "..going down and going down hard from now!"
It sounds like an excerpt for a mucky magazine. Shocking.

This morning it looks like a large market maker has blown up on the LBMA.
The spot market broke and was nearly $80 adrift from futures at one point.
i think all the steady recovery blah blah is living in the past - the cat is amongst the pigeons and all the chickens are coming home to roost.

A couple of bars i got today. From the boss @arshimo2012

A couple of bars i got today. From the boss @arshimo2012