Silver price about to plummet

[Wonger]

3 minutes ago, Abyss said:

Unfortunately within the Gold and Silver markets regulators turn blind eye to bullion banks manipulating the markets so is it possible spot Silver spot price to plummet to $4 then I would have to say yes it is BUT.....

Is $4 spot silver sustainable? No.

Would price spot silver stay at $4 any reasonable length of time? No.

Would you be able to buy say 1oz Silver Eagle $4 plus usual premium 2 to 3 dollars above spot? No.

$4 Silver complete disconnect between the paper and the physical market and it would not take to long for equilibrium reestablished.

Agreed, I certainly would not sell my Silver anywhere near those prices, but the paper could trade there and mining cost would not even come into it.    

[Guest]

On 25/03/2019 at 09:23, Oldun said:

Wonger on ignore but still of course but has anyone asked him to say what company he works for ? He mentioned a trading desk back a few pages. Maybe he could get some customers here ?

 

 

I don't think he's old enough to trade yet. Here's a short funny clip of Wonger at his nursery trading desk being all confident, then losing everything, proceeding to vomit on the keyboard and jumping out of the window...

 

 

[Wonger]

The perfect scenario, RichRock, I must admit your posts do make me laugh! 😀

[HawkHybrid]

2 hours ago, Wonger said:

If you sold enough futures contracts you could drive it down to $4 yourself today, why would mining cost stop you?

 

would you not effectively be subsidising everyone else's

buying?

who with sufficient capital is going to make that kind of

a losing trade. it's not impossible just highly unlikely.

 

HH

[Wonger]

What a surprise

https://www.zerohedge.com/news/2019-03-26/eu-parliament-signs-disastrous-internet-law-what-happens-next

[Wonger]

15 minutes ago, HawkHybrid said:

 

would you not effectively be subsidising everyone else's

buying?

who with sufficient capital is going to make that kind of

a losing trade. it's not impossible just highly unlikely.

 

HH

If the offers chew through the bid stack triggering stop losses and further selling the culprit can accumulate to cover the short and take net long exposure before the low print without subsides to anyone but themselves, J is an expert! 😀 

[HawkHybrid]

12 minutes ago, Wonger said:

If the offers chew through the bid stack triggering stop losses and further selling the culprit can accumulate to cover the short and take net long exposure before the low print without subsides to anyone but themselves, J is an expert! 😀 

 

stop losses are just below $13.60, not $4.

who would create an artificial market for sub $5 silver

and then create the condition for sub $4 stop losses,

then use a lot of capital backing to trigger those losses?

(that is a lot of risky moves for an uncertain outcome,

might not even make enough to cover expenses)

 

HH

[Wonger]

11 minutes ago, HawkHybrid said:

 

stop losses are just below $13.60, not $4.

who would create an artificial market for sub $5 silver

and then create the condition for sub $4 stop losses,

then use a lot of capital backing to trigger those losses?

(that is a lot of risky moves for an uncertain outcome,

might not even make enough to cover expenses)

 

HH

An entity with unlimited resources to destroy any bid stack in any market whenever they feel like it as has been shown many times past does not ever entertain an uncertain outcome, I did not mention anything about sub $4 stop losses!  

[HawkHybrid]

1 hour ago, Wonger said:

I did not mention anything about sub $4 stop losses!  

 

your posts are all over the place.

 

I was saying how unrealistic it is to purposely take silver

down to $4.

you answer with this

2 hours ago, Wonger said:

If the offers chew through the bid stack triggering stop losses and further selling the culprit can accumulate to cover the short

 

HH

[Wonger]

24 minutes ago, HawkHybrid said:

 

your posts are all over the place.

 

I was saying how unrealistic it is to purposely take silver

down to $4.

you answer with this

 

HH

On the contrary, I believe its your replies that are all over the place as I answer each point you try and make! 😀

[DanShanks]

Its the GSR that Im watching, there is no way gold can go up without dragging silver with it, especially as we are at highs of 83:1

[Wonger]

Just bought some more Gold $1303, Silver $15.18, time to run those pesky shorts out of town. 😀

[HawkHybrid]

28 minutes ago, DanShanks said:

Its the GSR that Im watching, there is no way gold can go up without dragging silver with it, especially as we are at highs of 83:1

 

not true. sometimes there's divergence especially close to

turning points. also 83 is not that high, historically. highs

can get higher.

 

HH

[Abyss]

40 minutes ago, Wonger said:

Just bought some more Gold $1303, Silver $15.18, time to run those pesky shorts out of town. 😀

From a pure technical analysis basis looking at gold daily/15 minute chart that was a bad decision.

[Wonger]

43 minutes ago, Abyss said:

From a pure technical analysis basis looking at gold daily/15 minute chart that was a bad decision.

and again $1393.5 & $15.07, soon see!

[Shaunbarry]

It's £11.45 an Oz now

[flim]

it is much easier to hedge using Palladium, move down in hundreds 00 

[Abyss]

5 hours ago, Wonger said:

and again $1393.5 & $15.07, soon see!

@Wonger please be careful I don't want to see you in this position

[Wonger]

30 minutes ago, Abyss said:

@Wonger please be careful I don't want to see you in this position

Looks are deceiving, there is $2m fiat in the bin bag pillow and I have been gold prospecting all night, see my nuggets in the bowl, I am reluctant prepper now.

hao xiao Ha Ha 😀

[Wonger]

Lots of fire power used today for the small USD gain.

https://www.zerohedge.com/news/2019-03-28/eurozone-emerging-markets-will-be-crushed-next-crisis-imf-bis-warn

[Wonger]

What is that smell of burning? 😀

[Guest]

1 hour ago, Wonger said:

What is that smell of burning? 😀

Your trading account?

[Wonger]

48 minutes ago, RichRock said:

Your trading account?

Where is my funny picture? 😀

[Guest]

15 minutes ago, Wonger said:

Where is my funny picture? 😀

[Wonger]

13 minutes ago, RichRock said:

RichRock, you have made our faces ache with laughter here! hao xiao hao xiao 😀 Good grief I can hardly type Ha Ha Ha