Submitted by SD Contributor SRSrocco:
A FEW WORDS ON CONSPIRACIES
If you go to any local courtroom and sit and watch a full day worth of court cases, chances are you will witness several cases based on a “CONSPIRACY”. Furthermore I would like to list several well known large cases of where CONSPIRACIES have been present:
ENRON. WORLD COM. BERNIE MADOFF. MF GLOBAL. AIG. FANNIE MAE.
and the list goes on and on…
There is no way these organizations were able to have these sorts of HIGH STOCK VALUES without some sort of CONSPIRACY to manipulate figures, laws and regulations. If a professional trader believes the WATERFALL sell-off was due to technical analysis… well, there is nothing I can say… can I??
Today, if one is not well understood in CONSPIRACY THEORY, then you are in fact……INSANE. I gather if Doc & Turd are Conspiracy Nuts so must be ERIC SPROTT & JIM SINCLAIR… along with a large list of others. I wonder if JACK DANIELS is a billionaire like that Conspiracy nut Eric Sprott?? (sarcasm added)
I enjoy all input and debates on all issues. That being said, the worst email comments I received in response to my articles were from so-called professional traders. One of the worst was a response from my article THE DEATH OF TECHNICAL ANALYSIS AND SILVERS TREND. A so-called professional trader thought I was just insane. He let me know that anyone can write almost anything and get attention. I replied by letting him know that his response was appreciated and I would get back with him in several years to see who was INSANE. I got my money on my HIDE… yup I am a bit biased.
LASTLY…. SILVER & THE COT CHART
Someone posted a very interesting COT CHART on silver on TFMetals. I took the liberty of adding some silver figures to the HIGHS and LOWS of the net commercial shorts. You may find it very interesting that we are at a LOW LEVEL and LOW PRICE currently:
-SRSrocco
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
The chart proves the impetus is now on us the investors…. This is a springboard of silver price spike waiting to happen with shorts at these lows. Mix strong historical cyclical demand in Q3 and Q4 and a QE3 by November…. SIlver to +50$ an ounce by year end…. Gold breaks 1900$ an ounce.
CLARIFYING who “JACK DANIELS” is….
This was a blog entry from Turd’s site that Doc posted here. It was in response to a comment made by the poster JACK DANIELS. Bascially he said that he first followed Turd due to his good technical charts but now thinks Turd is a SHILL and CONSPRIACY NUT.
DOC… I JUST NOTICED THE NEW “EDIT FEATURE”… GOOD DEAL SIR… Here, I am going to try out the EDIT FEATURE. Here is the last update for June’s total Silver Eagles Sales. I predicted we would see between 2.5-2.8 million. Looks like we hit the upper end and now we may just see buying pick up towards the end of the year….
Well, I tried to put in the chart in the last post in the edit feature… here it is:
read. Thank you!
SRSrocco, thanks for another informative post. What is your take on the CPM SilverYearbook. presented by Jeffery “there is no manipulation just 100:1 paper vs physical trading” Christian in regards to future silver mining projects coming online and the impact on silver prices given the added supply?
ALEXDG…. There are two types of analysts who don’t believe in MANIPULATION of silver.
1) Those who truly believe silver is priced by market forces.
2) Those who know silver is manipulated but are putting out information to the contrary.
I believe Christian belongs in the second category. I think Andy Maguire did a good job explaining the typical manipulation which took place on JUNE 9th when 515 paper tonnes of silver were traded in a trading day. This can be found at DOCS blog piece below:
Andrew Maguire Dissects 515 Ton Paper Gold Dump Prior to June FOMC Statement
I have not seen the video you linked yet, but plan on doing so. Christian, Ned Schmidt and even Jon Nadler bring up this notion of the FUTURE SILVER GLUT. I have been doing my own research and while it is true that there is a signficant amount of silver coming online in the next 3-10 years we have to put it into perspective.
1) Peak Oil and decling Net Oil Exports will curtail these HEFTY FORECASTS of future silver supply
2) The world is entering into a disintegration of the world financial system. If this was not the case, and we had another 20 years of growing oil supplies, I would say that Christian might have a point. However, this is not at all the situation we will be entering in the next several years.
3) The world, and especially the United States will enter into a climate of DELFATIONARY ASSET prices in Stocks, Bonds, Housing, Commercial Real Estate and Luxury items. At the same time, prices of things we CONSUME and USE, such as food, commodities and energy will be quite INFLATIONARY.
4) Even though Silver Eagle Sales are down 20% for the first 6 months YOY (year over year), Gold Eagle sales are down 40%. Retail silver investment is stronger than Gold. Once the Big Players move from buying gold to silver, it will change the whole aspect of silver pricing.
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I happen to believe in Jim Willie, Jim Sinclair, Eric Sprott, Rob Kirby, Andy Maguire, Harvey Organ, etc and etc. When you understand that manipulation has to occur or the dollar dies, then Christian just looks silly when he states silver is not manipulated. It’s just that simple…
DOC… your programmer is going to have to work the kinks out of the EDIT FEATURE. I just edited my last post and it shoved everything together and took away all the spacing.
LMAO at your last post SRSrocco LMAO As for me I believe all the Markets are rigged and until there is a big outrage from the American people it will just continue with all the Politicians in their pockets. As for most of the American people they don’t have a clue what’s happening even the ones that play the stocks. LMAO