OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Buygold–I like that trade!! From Murph tonight

Posted by Richard640 @ 18:13 on April 27, 2018  

James Mc…

Houdini! Now performing daily at the Crimex

Bill,

How do you report on a market (silver) that has become SO controlled that it spins all week long pennies either side of $16.50? What can you say other than this is a new level of price fixing never seen. If the offtake to London is that huge they’re getting guaranteed pricing at an average of $16.50, indefinitely. Today is yet another fairly high volume trading day, with exceedingly low volatility. To say we have hit the Tropic of Torpor is an understatement. In fact the month of April has been pretty much dead calm except for that round trip to $17.38 and back.

On April 9 the silver open interest hit an all-time high at 243,411, and it closed that day at $16.51. By yesterday the open interest has plummeted by 53,335 contracts to 190,076, and it closed at $16.49. We lost 22% of the entire short interest in Comex silver in just 13 trading days with the price only moving 2 cents. Houdini indeed! The short sellers apparently have a silent quid pro quo: go short, and if you make money, great, if not we’ll get you out of your positions at no cost.

We’ll wait and see what is in store for next week after the op. ex./FND is behind us. Of course a week from today is NFP, which is almost always its own annoying event. So far nothing has changed in the cartel’s maniacal agenda with gold and silver suppression. All cartel rules are intact, and even when they have been broken it’s only been for a day, or two. Unless physical shortages ever appear in earnest Houdini will continue doing his daily show at the Crimex, and the tennis net will remain set up.

James Mc

 

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Go to Top

Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.