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Thread: Is the FAT FINGER taking the day off??

  1. #71

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    Looks like the +/- $25 yoyo is back on for this week.
    American Legion Preamble: https://www.legion.org/preamble

  2. #72
    Join Date
    May 2013
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    1,496

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    AYE....CARUMBA...!!!...Every time it climbs a bit above 24 we get a big fat sweaty chubby fingerprint on the sell button...!!
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

  3. #73

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    Yup, fat finger pressing silver down hard on silver in the last couple ours (sown almost 5%)-- this is a silver "wow" moment, then again this seems to be the nature of silver.

    Gold not so much. "Fat finger" or not, silver is to wild for me, I just trade for it when gold to silver is 90:1 +.
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  4. #74

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    Stack it big, stack it high!!!

    Let fat finger try.
    "Compulsory altruism is none too altruistic." - me

    "All of us necessarily hold many casual opinions that are ludicrously wrong simply because life is far too short for us to think through even a small fraction of the topics that we come across." -- Julian Simon

  5. #75

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    There is a fat finger.
    It's the big money interests who have an agreement with the big money producers, like Freeport McMoran.
    In exchange for doing their best to keep copper/silver prices high(supporting silver price when it plummets, current support $16-18), they get to suppress the price when they want. Month after month after month the idea is to take in the premiums from silver options from exuberant investors. This month again all the options over $24 will expire worthless, or near worthless.

    Big producers of copper who produce silver as by-product with 0 incremental cost are happy. They were happy when silver was supported at $4, and now at $16

  6. #76

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    First Majestic reported the other day and IIRC their overall cost to produce was about $17/ounce. I'm sure many other silver producers are in the same range for cost to produce. So the floor of $17 makes a bunch of sense since mining companies are likely to be selling a lot of Ag at less than cost to produce. As far as the fat finger goes, the S.M. has a great deal of control over the silver market and pounding the heck out of price seems to be the standard for the banks and hedge funds until they decide to let it run. Then it runs until they can pound the heck out of it again. Rinse and repeat. Unless you can out think these guys and their fancy computer programs the only way to look at silver is as a very long term investment. Trading gold for silver and silver for gold also holds some promise, but again this is a long slow process. Otherwise, have a roll or two of Tums handy as your stomach develops an ulcer.
    American Legion Preamble: https://www.legion.org/preamble

  7. #77

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    Quote Originally Posted by LongDonSilver View Post
    ... Trading gold for silver and silver for gold also holds some promise, but again this is a long slow process. ....
    This sounds good in theory, but in practice, I never find willing participants on the other end of the deal when I want to swap. Everyone wants to move in the same direction when the silver to gold ratio moves away from it's central tendency.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  8. #78
    Join Date
    Jan 2023
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    Quote Originally Posted by LongDonSilver View Post
    First Majestic reported the other day and IIRC their overall cost to produce was about $17/ounce. I'm sure many other silver producers are in the same range for cost to produce. So the floor of $17 makes a bunch of sense since mining companies are likely to be selling a lot of Ag at less than cost to produce. As far as the fat finger goes, the S.M. has a great deal of control over the silver market and pounding the heck out of price seems to be the standard for the banks and hedge funds until they decide to let it run. Then it runs until they can pound the heck out of it again. Rinse and repeat. Unless you can out think these guys and their fancy computer programs the only way to look at silver is as a very long term investment. Trading gold for silver and silver for gold also holds some promise, but again this is a long slow process. Otherwise, have a roll or two of Tums handy as your stomach develops an ulcer.

    Why a fat finger? It has gone up from 18 to 24, it's normal for a retracing. The market is not that easily manipulated and keeping coordinated price movements a secret is a very far fetched notion.

    It's interesting when silver soars, then all talk of manipulation ceases.

  9. #79
    Join Date
    May 2013
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    1,496

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    Quote Originally Posted by Ag guy View Post
    AYE....CARUMBA...!!!...Every time it climbs a bit above 24 we get a big fat sweaty chubby fingerprint on the sell button...!!
    OK...CHUBBS !!....Isn't that about enough ?
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

  10. #80

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    Quote Originally Posted by Silver3962 View Post
    Why a fat finger? It has gone up from 18 to 24, it's normal for a retracing. The market is not that easily manipulated and keeping coordinated price movements a secret is a very far fetched notion.

    It's interesting when silver soars, then all talk of manipulation ceases.
    ok newbee, so are you a bankster??

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