Backyard Aquaponics
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earthbound

I figured someone would ask.
I studied the silver futures markets intensely before doing any daytrading. I looked at a couple of these occurrences on the charts. I found it hard to believe that this would actually happen. only futures traders in silver would see this, as I have not seen this happen in any other futures market. I was trading online the night this last one that I described took place. I only had a small trading account and was not able to take advantage of it. I had also lost a bit on the way down also. I watched the price go all the way down , and back up.

Not only does it remove all traders who have set the stop loss orders, many traders would not maintain enough margin in their accounts to cover 50 % of their futures contracts. They would be removed from the market also.
The only real winners are the people doing the huge market swing.



It takes an enormous amount of contracts trading to effect the markets like that, and to do it in less than 1/2 an hour.

The gold and silver prices reflect fear within the markets.
The fears are GFC, peak oil ,climate change,over population and resource depletion.
To grow an economy you need cheap resources and virtually no consequences to the associated polluting.

In reality there isnt enough cheap resources and there are consequences to our polluting.
The exponential growth equation is about to prove how much of a fantasy we have all been living under.
As to whether gold and silver is going to be any more valuable than skills or food in a post growth economy is debatable.
Only time will tell.

Wow, so what you're telling me is that those with money are making lots more, and those without are going nowhere in a hurry? Welcome to free market capitalism....

That's what it looks like anyway. And the governments were harassing the Hunt brothers when they tried to corner the silver markets, creating the run up to $50. / ounce a couple decades ago.

But this happens, several times, and most people have no clue about it.

My investment right now is in seeds and fish...

Yep, and knowledge...

I'm guessing food growing, repairing and maintenance, and commonsense will be some of the most valuable commodities in the future.. You can't eat silver or gold and it won't keep you warm...

I prefer to call it uncommon sense EB. It is not all that common any more.

I'm also glad I have an idea on how to grow good, repair and maintain things - just in case.

I saw this today and since it's topical I'll add the link.
Rolling Stone may not be cutting edge journalism, but they are mainstream...
It's all a big game for the money men.

http://www.rollingstone.com/politics/ne ... t-20130425

An excerpt from the article -
"...If true, that would leave us living in an era of undisguised, real-world conspiracy, in which the prices of currencies, commodities like gold and silver, even interest rates and the value of money itself, can be and may already have been dictated from above. And those who are doing it can get away with it. Forget the Illuminati – this is the real thing, and it's no secret. You can stare right at it, anytime you want... "

" ...Two of America's top law-enforcement officials, Attorney General Eric Holder and former Justice Department Criminal Division chief Lanny Breuer, confessed that it's dangerous to prosecute offending banks because they are simply too big. Making arrests, they say, might lead to "collateral consequences" in the economy... "

From what I hear, gold has always gone back up and higher then when it'd dropped. But hey, if people choose not to believe in global banks running the show, then to each his own. Over half this world is blind and just don't care anyways. With that mentality from the people, it won't b long till were all screwed.

Sent from my DROID SPYDER using Tapatalk 2

Don't be silly, this has been the case for the last 100 years (technically longer). Just another cycle like all the others, this one is just the biggest.


Yep, it's still easy enough to get it now, the supply is tightening up a bit though, which explains the higher premiums.


I don't know about this, would you like to provide a few consecutive screenshots from your trading to back this up? And like already said, midnight for who exactly ?
And half price ? please I would love to seem some screenshots...

The market is a big fraud though. With both silver and gold markets, 100 times as much is traded in paper contracts (such as GLD and SLV ETFs(Exchange Traded Funds)). Large short or long positions in these ETFs cause massive price swings and the investment banks can manipulate the price by taking very large positions in these markets. This is an explanation for the recent price drop. Futures are another highly fraudulent market used by the large investment banks.
That's why you don't buy "paper" precious metals.

Agreed, lets see your evidence. But I can provide my reasons for the stuff I wrote if anyone wants.


I think this is a part of it, not sure how much of a part...


Not so much, the amount of new metal produced every year is only a few percent of total above ground inventory (which can only be roughly estimated) With gold there is about 150,000 to 170,000 tons above ground. About 2700 tons of gold was mined last year. A few percent.
It is a slow process to increase or decrease gold production due to the capital nature of mining.


On very short timescales maybe. Overall however (factoring out any price suppression, if exists) the Price of precious metals reflect how much money the government is printing. The more the governments around the world (primarily the US) print the higher the price of gold. Every single depression over the last couple of hundred years has resulted in the gold price rising up to account for all the money printed. Every time.


This is a common misguided argument (no offence snags). It completely fails to take into consideration technological advances and the shifting nature of humans. Its like the argument that we are on the verge of running out of food in 10years, the same argument that has been made every year, for the last 100 years. We always get better at things, solving problems, better efficiency.
Also in the same way that humans have gone from burning wood to using electricity (for most of the world) for lighting, heat, cooking etc. If we all still did that there would be no trees and LOTS of pollution. But it gets better all the time. Burning coal in massive plants is much more efficient and cleaner than everyone having a fire. We also plant tree plantations for wood use (to some degree, this clearly has room for improvement). We will always have resources, and energy sources. The problem is when government interferes and distorts the price signals of the market, this stops entrepreneurs/business from effectively meeting consumer demands.


I think you are talking about a post apocalyptic world. In anything apart from that, gold and silver will always be money. It always has been, and always will be (until it can be printed like paper)
Gold and silver is the best store of value. That why it has been money for thousands of years. Skills and food are all good but you need an effective way to trade them, and barter is very inefficient.
Post growth? Is that during or after the government created depression? Depressions can be very quick to get out of, unless the government "helps" and drags it out for years, like the great depression.


Nothing wrong with the first part, I'm sure you are included in that category EB.
Those without wouldn't be without if it wasn't for government/corruption. The best solution to poverty is economic freedom, ever correlated those two ?

The only REAL reason people invest in gold and silver is for inflation hedging. Imagining some post apocalyptic world where everyone needs to be able to grow food and build houses might be romantic but not very realistic. If governments didn't rip us all off by printing money, it would be completely unnecessary.

Read Jesse Livermore's accounts about his trading adventures and you will understand a lot more about.

Gann, Fibonacci and a thousand other "systems" of trading are all BS. As an ex-broker and ex-banker I have seen the shit these guys pull. And that was already many, many years ago. The bankers game is getting your money in their pockets, and they get more bald every day.

In Cyprus these crooks already took the money of many to cover their losses. And mind you, Cyprus is just a test case to learn how to pull the same trick in other EU countries. IMHO Portugal, Spain, Italy, Greece and who nows, Ireland, will follow soon enough. And after that the scenario can be adjusted for US and Australia.

You want it to stop? Simple, take your money (if you have some, because credit doesn't work!) from the bank, put it into some land, your own business, house or other useful hardware, maybe even some gold and see it all out. Grow your own food, make your own things, barter etc. That, and ONLY that will break the power of the manipulators in this world.

Don't point or look at your government to solve it. They won't. They are not on your side, did you really believe that? A government is there to rule and enslave you, not to serve you. That's why it's called GOVERNMENT. You'll have to serve them with your taxes, labour, and life if they get into trouble with others in the world. Wake up!

Freedom starts in your own home!

"Burning coal in massive plants is much more efficient and cleaner than everyone having a fire."

True, but the fire at home is not used to produce electricity. The power plant has than transport that electricity through cables to distribution stations and finally to your home. All the losses in those cables makes centrally produced electricity actually very inefficient. So, a wrong path for humanity, again! But no-one will tell you that side of the story.

A good and very viable solution is solar power, locally produced in small communities or in your backyard. And if you take the trouble to learn enough about that simple technology, it will be more reliable than your power company, cheaper and not to forget, way cleaner. Maybe not the perfect solution, but better than other existing "solutions".

People in the USA in particular believe that governments can continue borrowing and increasing deficits, and that there are no limits. The USA government debt is continuously increasing compared to GDP. Because of this, the point is soon approaching when people of the world will finally decide to no longer hold US currency and debt. They will eventually or sooner not except US dollars for trade. When that happens, US will go into hyperinflation. Some of the large countries are now not wanting any more US debt, so the process is continuing at a rapid pace.

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It is rather interesting that many people in the USA do not see this or understand that the problem is going to get a lot worse very soon. People in other countries understand this far better than those in US. There is meeting concerning setting up an international currency, in Asia, planed for september2013 which would most likely exclude US currency.
http://www.euroasiaforum.org/gscs2013/

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That is one of the reasons why people are now beginning to buy gold and silver in large numbers, and why most metals dealers are sold out. One very large investment dealer states directly, that as the price of gold has dropped, he has been buying, and if it drops any further, he will buy more.
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No surprise the (other) country "hosting".... and driving this.... is China.....

Not really surprising at all... when you consider they hold so much US "Securities".... that they could sell the $US down the drain.. in a heartbeat...

Albeit... at a huge loss/write down....

But it's kind of funny that the Chinese are whinging about currency manipulations....