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Gold today 28th Dec

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Replies: 85
By:
Whippet
When: 10 Jan 11 22:24
Decent gains today - I'm looking to a price of ~$32 by Jan 21st.

My sources tell me that there are a number of institutional investors planning to accumulate large amounts of March Futures from the first week of February, whereby they will then demand physical delivery on said futures at expiry. The dry run of this was in the first week of November, where the price went from $24 to $29.30 in a week. Comex promptly increased the margins required on all positions, sending the price down over $2 in half an hour.

Comex don't have anywhere near the amounts of silver required to serve an increased demand in physical. We will be looking at a price heading towards $40 by march when this happens. Now you know the score, get your hands on any physical you can find, and leverage yourself up to your eyeballs on march futures. Silver is dirt cheap right now, an opportunity like this won't be around forever.
By:
winstonsmith1984
When: 11 Jan 11 01:43
LOL, Devo......."your sources"....is that Max Keiser or Zero Hedge??  they said the same thing, VERBATIM Shocked
By:
Whippet
When: 11 Jan 11 18:53
Never even heard of either of those people. They must have the same "sources" as me though. Laugh

Now trading at $29.60 btw. Looks like I successfully called the bottom yet again. Looks like melly has gone very quiet. Laugh

Imo, this is what will happen:

Now - Jan 21st. Increases to $32.

Jan 21st-Feb 4th: retrace to ~$30

Feb 7th - March 1st: slowly increases, before exploding right before the march futures expire, to $40. Cool

I'm going in big time on these trades. By the time silver is trading at $100+ in a few years time I will be a (worthless) paper millionaire. Laugh
By:
winstonsmith1984
When: 12 Jan 11 01:57
http://www.youtube.com/watch?v=AId_UiPtPpQ&feature=player_embedded


Devo....tell me if this video rings any bells Shocked
By:
Mrben
When: 12 Jan 11 03:29
Hi Whippet,
    Bought a 5000oz silver contract last night.Following you in here.Paid 29.14.even if it doesnt get to 32$ the range trade alone looks strong.
     best of luck on the trade.Blush

Melly has gone I think, he could'nt keep the charade going it seems.Too many guys have woken up and he had to spend too much time googgling to get his replies.

p.s. I went short the AUD again but already took profits.Could'nt believe it when it bounced back to 99.60, thought it was a total manipulation.It really looks sick atm due at least in part to the floods.I want to follow it down to the 95's but not trading too big like the near years trade.
By:
Whippet
When: 12 Jan 11 18:59
Didn't see that video actually winston. Saw the first part a few weeks ago. Might have to check that site out as they appear to have similar views to me. Laugh

Good work on the trade ben. Looking good so far.
There is going to be a point where the price goes parabolic, at the end of feb is a good chance, so need to watch the charts closely and make sure we are in large on it ready for the explosion. Blush

The pieces do seem to be fitting together nicely though. The current chart pattern would see a peak at the end of feb anyway. Add this to the fact that the rumours are of people going in heavy on march futures, and that there is no way that JPMorgue/China can keep shorting it forever, and all the stars are suddenly aligning. Must be fate. Blush
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