AS Predicted: Silver hit the $14.60s AND HOLDING !

Eagle, it's looking good!

But I wouldn't want to see any kind of "blow-off" at this early stage. I hope there's a few decent pullbacks on the way up.

Just so the debunkers and paid shills can start crowing, for a while, as we take the opportunity to increase our holdings.

I'd like to see this upmove take another two years, or so.

Then I want Joe and Jane Lunchbucket to pile in, with the shills and paid debunkers finally succumbing to the "shoeshine boy" stock tips!

hey....eagle # 1


you started a new thread....


what a day.....how say you...

all day people were in my office asking about gold and silver......

I gave them this look....


the same look they gave me for the last 5 years....


[link to futures.tradingcharts.com]



[link to futures.tradingcharts.com]



What you are seeing is the result of years and years of a gold price suppression scheme BLOWING UP!

This is exactly what GATA has been talking about for years. And, once again, those outside of the GATA camp remain totally clueless about what is happening at the moment.


[link to www.lemetropolecafe.com]

this is a great read people...this peice is making the rounds....

paladin...

(snip)

Hide Sausage, Change the Weights

You will see the Labor Department uses the Seasonally Adjusted Annual Rate. You don't have one of those in your checkbook. The headline number means 7.4% inflation. But buried in the report, the Labor Department says the benchmark has changed. Check the emphasis added part:

"CPI (Old Weights)

For the first six months of 2006, BLS also will calculate Old Weights CPI-U and Old Weights CPI-W based on the 2001-02 expenditure pattern used in the CPI from 2004 through 2005. These Old Weight data are contained in tables 1(OW)-4(OW). From February to March, the Old Weight CPI-U rose 0.7 percent and the Old Weight CPI-W rose 0.6 percent. Note these series are not seasonally adjusted."

So there you have it: Inflation at an annualized old weight 8.7% rate. If you believe the Fed's done raising rates, which pimped the market so well yesterday, you might volunteer to go through drug testing and counseling, 'cuz it seems to me you're "on something."

The market will no doubt interpret the CPI number wrong, and won't read the fine print, or look at gold and silver. I expect a rally and as usual, most folks will get it wrong.

---
[link to urbansurvival.com]

I recently renewed my annual sub at LeMetropoleCafe.

I also bought the "Gold Rush" DVDs - these are good viewing (John Embry in particular, with Hugo Salinas Price a close second on entertainment value).

I believe we will see $800 gold and $50 silver before the year is out.

GO GATA!

Hi, Palidin ... Others. Thanks for links/charts.

Palidin, what effect do you think of the IMF statement that " The dollar has to depreciate considerably " ?

I guess if you see a man drownding, the best thing you can do is throw him a rock and help get it over as soon as possible. With the dollar droping on its own accord, this kind of help is NOT appreciated.

Can't wait for the Asian markets to 'kick in'. I think they will unload dollars again, as someone suggested that Goldman Sacs was buying GOLD for the Chinese, who wish to dump the dollar serriptisously ( To tired to look that one up ) via Goldman. Well, at least they found a company with the 'right name', LOL.

Eagle

[link to jessel.100megsfree3.com]

silver getting hammered overnight, down 44 cents.

the whacking is on.

Bill,
I hope you are all sitting down for this one. In the April 18 session on the TOCOM Goldman Sachs COVERED 2,805 contracts! This was an amazing 180 degree turn after having aggressively shorted 2,909 contracts in the previous day’s session. Gold rose over $18 on COMEX after their aggressive shorting on the TOCOM. What brilliant finesse! In the April 18 session on COMEX GS was seen as a massive buyer. Oh err! Did someone start to panic just a little? It should be noted that they covered FEB 07 contracts. The FEB 07 position has never before been reduced while I have been following their shenanigans. They have been fastidiously covering in other months and extending their short position in the FEB 07 contract. This bears watching.

Anyone shorting this market is standing in the way of an express train…it is not recommended; it leaves an awful mess on the tracks that takes ages to clean up!
Cheers
Adrian


[link to www.lemetropolecafe.com]

Sell your Silver so i can buy more,
2000oz is my target.

SNAKE.SOROS owns 26 % of the APEX SILVER MINES IN S AMERICA.. one of my friends just bought alot..

going for 25 a share..

also the MANDALAY SNAKE GROUPIES.. are into the CHILE MINES OFCOPPER>. you might want to bet on them.. and out do them too..

ah ho WIOLAWA

I saw this at lunch today...

what.....you all thought I eat lunch......hell no.....I eat gold and silver....



[link to www.theglobeandmail.com]

REMEMBER THE MANDALAY group are the TOP GROUP AT THE BOHEMIAN GROVE OF LIZARDS

ah ho WIO

gold down $6 overnight! sell sell sell!

83375 .... Looks like ALL the metals are taking a hit. Is this the begining of Chinese massive shorting to regain their losses in two other shorting debackels ?

Wonder if the Japs and Indians will take advantage of lower prices and spoil their 'game' ? Must be nice to have all the financial wealth of a country to 'play
the markets'.

Maybe the Europeans will kick it along and make it a REAL BUYING oppertunity in the AM.

Hard day. Night all.

Eagle

what the hell are you talking about.....


[link to www.kitco.com]

[link to www.nymex.com]

Any opinions on todays action? ?

Eagle, Paladin ?

Spot is below $12 with weak interset overseas.

interest, I mean

paladin
User ID: 83838
4/20/2006 9:55 PM
Re: GOLD / SILVER...is back on the menu.....boys

a heads up.......

lemetropolecafe.com

A Last Desperate Act?

I heard from a very reliable source yesterday (April 19th) that the COMEX was meeting in emergency session. Knowing the reputation of this organization, I imagined that it certainly had to do with the current goings on in the precious metals market…especially silver.

It was obvious to just about everyone who knows about the massive short positions in gold and silver that a short squeeze of biblical proportions was underway. Bill Murphy over at LeMetropole Café had been shouting it from the rooftops for some time as the open interest numbers were indicating just that. Then Ted Butler’s latest commentary "A Cornered Rat?" put the icing on the cake.

The COMEX had been raising the margin requirements for silver at a pretty steady clip, with another one just announced for May…so I was wondering, as I sat at my computer terminal last night, what nefarious act they could come up with to put the kibosh on this parabolic rise in the gold and silver price. Well, I found out when I turned on the computer this morning…the dealers (commercials) had pulled their bids in the COMEX silver and gold pits.

Since Ted Butler won’t be writing for at least another week, I thought I’d comment for him. I could just see the dealers in the pits right now…standing there with their arms folded as the longs (including the tech funds) sold into a vacuum. Since there were no buyers…the price fell off a cliff immediately.

When the sellers did catch a bid, it was the desperate dealer shorts standing there with buckets to collect the equally desperate long positions that were being dumped. This is the engineered sell-off that Ted Butler had been waiting for for so long. This is brazen market manipulation at its worst…engineered by the very people are supposed to be preventing this sort of thing.

Is this the last desperate act of desperate men? I think it is. This is Cartel rearguard action at its finest. They are in a far better position to see things than we are. With the Iranian situation coming to a head within the next two weeks, the US is now in a position where it (probably in conjunction with a client state) must act against Iran or lose all credibility in the Middle East. The dealer shorts know that too. They also know all about peak oil, fiat currencies and the upcoming silver ETF…and want to be on the last stagecoach out of Dodge before everything comes unglued.

Hold onto your precious metals positions, boys…as this too shall pass!

Ed Steer, Director
Gold Anti-Trust Action Committee, Inc.

[link to www.lemetropolecafe.com]

Corrections, profit-taking, the stuff Eagle and Paladin didn't know about.

Second 'attempt' by the shorts, before their contracts close out Wednesday.

Hopefully, as at present, the 'longs' and certain 'bottom feeders/Asians" will buy and choke out the shorts on Wednesday afternoon. We ARE in positive territory at present !

We only need $13.50 by then to WIPE them OUT. cause an investigation of the Comex AND see unhampered trend UP !

Wonder how many hundreds of millions the shorts stand to lose ? Nice dream, but 'could' come true !

Eagle

Interesting. Is Wednesday really the day of reckoning then?

That is what is posted on goldismoney.info. Of course, that is just ONE group of short contracts; BUT, they either pay the millions owed OR come up with the silver for delivery BACK to the long contracts they sold, back when.
Let's hope we get back to the $ 12.50s area by tonight. THEN, it could be close, and the 'short barbarque' would be on !
I agree to bring the marshmellows; how about you, Jack C. ?
Oh ! I forgot ! It's a school night for you, LOL !

Eagle

Okay, so does that mean hold off on buying silver until after Wednesday?

If I were you all, I would study the long term charts for silver esp. Take a look carefully at all of the spike periods. What happened directly after a large spike? You can observe the psychology of a crash. Here seems to be the pattern:

Frenzy to buy, superspike forms

Bandwagoners jump on without sound information, only there for the cheap ride

Frenzy increased to OVERBOUGHT state

Crash happens quickly as half of the multi-month gains dissappear within hours

Recovery occurs the next day, but does not return to spike high. Others jump in thinking they are getting a bargain. A rally appears to be forming.

The following days are followed by Up 2 down 3, Up 3 back 4, up 1 back 2.

Finally, you have Back 20 as the gains from the previous superspike are completely erased in a day or two.

From that point on the action is weakly either up or down.

This may be a different situation here, but maybe not.

Jack C. = ASS. This guy has nothing better to do that to work psyche on people.

The dollar is tanking HEAVILY. There is a disconnect between the fall in the dollar and the rise in the PMs temporarily. Really, silver and gold should be shooting through the roof. I noticed that on the close of the American markets that it did rally meaning that TPTB are out trying ANYTHING to contain their mess. This means even hiring ASSES like Jack C. to hover over lists.

As I told Freyja last night, I would buy anywhere in the neighborhood of $11.95 and $ 12.30 and today WAS the day.

ON/AFTER Wednesday, the price of silver WILL continue to rise, IMHO.

This is the END of this 'correction', unless China steps in AGAIN to drive the market down. Remember, the Chinese have DEEP POCKETS, and there are over a 1,000,000,000 that they can 'empty', LOL.

Eagle

Silver 'holding' in the plus territory at present. The Asian market WILL decide the course of events, over night. If they buy in, the shorts will be 'squeezed' as their contracts close out.
Only about 3 1/2 hours to go.

Eagle