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Thread: Sprott PSLV

  1. #1

    Default Sprott PSLV

    WTF....anybody know why PSLV blasted up 8: today?
    RD

  2. #2

    Default

    because he is going to buy 50 Million Ounces of Silver soon.

  3. #3

    Default

    Quote Originally Posted by infowars View Post
    because he is going to buy 50 Million Ounces of Silver soon.
    that is reasonably "old" news and doesnt explain the near instant 8% jump today...there must be something that happened or news that caused it
    Last edited by Reddog63; 11-28-2011 at 01:49 PM.
    RD

  4. #4

    Default

    Quote Originally Posted by Reddog63 View Post
    that is reasonably "old" news and doesnt explaing the near instantat 8% jump today...there must be something that happened or news that caused it
    Nothing Old about something that has not happened yet.

    He has not bought the 50 Million Ounces yet..
    And as he starts to accumulate this silver, place his orders, the information is disseminated and the market reacts,
    you will see jumps in his share price as well as in the Real Price of Physical Silver.

    This will occur at seemingly random points in time, simply because Eric will be able to initiate his Purchase Orders whenever he wants including in overnight sessions.

    People are getting ready for the move and since Eric Sprott is the White Knight that will initiate it, many investors are bidding his shares up by a huge premium. This premium will also allow Eric to start accumulating the New Silver without an Initial Public Offering.
    Last edited by infowars; 11-28-2011 at 01:25 PM.

  5. #5

    Default

    Silver is always jumping around. Granted a little over a dollar is a good jump, but it seems like it bounces up a dollar, down a dollar give or take 50 cents every day.

    By the end of the day it could be back to 30. Who knows.

  6. #6

    Default

    Quote Originally Posted by Reddog63 View Post
    WTF....anybody know why PSLV blasted up 8: today?
    I can't say for certain (who can?), but I believe PMs are being forced down artificially (meaning silver takes a larger hit because of it's reactivity/jsmaller market size etc) - $30 in today's deflated dollar (which is being manipulated UP as much as possible) is crazy when you reflect on it for a bit- is the dollar really a "safe haven"? Compared to the end of the world, perhaps, otherwise it's about as UNSAFE as an infinitely-printed fiat currency can get! We have MORE debt, LESS ability to repay, even with austerity measures (which will reduce spending drastically among the vanishing middle class, if any remain above the poverty line after they are forced to take over the results of Wall St's insane risk tactics- again. "Too big to fail" means "too many connections to fail".

    For the Fed maybe, but not for any sane person watching groceries and all sorts of goods soaring at way over the 'official' inflation rate. Whenever 'they' take a day off, or miss something, PMs seem to jump up quickly. So $30 WAS a true bargain- but emotionally we're being tested by disinformation, lies and so on enough that we are supposed to question our own core position: "PMs good, fiat dollars bad". I don't question this AT ALL, no matter what silver does short term, and especially what the dollar does. It's hard to stick with it when daily reports seem to show silver dropping vs the dollar but remember: "when everyone is fearful, be greedy"- Buffett.

  7. #7

    Default

    Quote Originally Posted by infowars View Post
    Nothing Old about something that has not happened yet.

    He has not bought the 50 Million Ounces yet..
    And as he starts to accumulate this silver, place his orders, the information is disseminated and the market reacts,
    you will see jumps in his share price as well as in the Real Price of Physical Silver.

    This will occur at seemingly random points in time, simply because Eric will be able to initiate his Purchase Orders whenever he wants including in overnight sessions.

    People are getting ready for the move and since Eric Sprott is the White Knight that will initiate it, many investors are bidding his shares up by a huge premium. This premium will also allow Eric to start accumulating the New Silver without an Initial Public Offering.
    Something doesnt need to happen already to move the market - thats not really how markets work. Price is determined based on future expectations. If we have an efficient market, as soon as the news breaks, the price moves even if the news is "in 1 year Sprott will buy X million ounces" you would get the move the day the news comes out. This is why the Fed tends to "leak" its intentions for rate increases in advance of the actual event so they arnt seen as whipsawing the market the day the news comes out, the market already discounts the news in well before they actually act.
    The answers are in the data

  8. #8

    Default

    Quote Originally Posted by Ryanferr View Post
    Something doesnt need to happen already to move the market - thats not really how markets work. Price is determined based on future expectations. If we have an efficient market, as soon as the news breaks, the price moves even if the news is "in 1 year Sprott will buy X million ounces" you would get the move the day the news comes out. This is why the Fed tends to "leak" its intentions for rate increases in advance of the actual event so they arnt seen as whipsawing the market the day the news comes out, the market already discounts the news in well before they actually act.
    You are right that there are moves based on expectations.

    But there are always, also, moves based on confirmations.

  9. #9

    Default often opposite

    Quote Originally Posted by infowars View Post
    You are right that there are moves based on expectations.

    But there are always, also, moves based on confirmations.
    and a lot of the time they are the opposite direction as too many people runup on the news. the 'ol buy the rumor, sell the news situation.

  10. #10
    Join Date
    Mar 2011
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    Default

    Quote Originally Posted by Ryanferr View Post
    Something doesnt need to happen already to move the market - thats not really how markets work. Price is determined based on future expectations. If we have an efficient market, as soon as the news breaks, the price moves even if the news is "in 1 year Sprott will buy X million ounces" you would get the move the day the news comes out. This is why the Fed tends to "leak" its intentions for rate increases in advance of the actual event so they arnt seen as whipsawing the market the day the news comes out, the market already discounts the news in well before they actually act.
    Ryan - I agree with what u have said EXCEPT the fed leaks it's intentions. A board member cannot, by charter rules, indicate direction of their vote or the votes of other members. There are however plenty of FORMER board members who get paid good money to make hawkish or dovish predictions based on their knowledge of the board. Not to be nit picky but I'd like to see an example of this. If a board member did leak their vote or which way the board was leaning, they'd be forced to resign in disgrace.
    I'm a bullion stacker on Bullionstacker.com

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