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Pailin's Trading Corner

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Sat, Aug 2, 2014 - 3:25pm (Reply to #38985)
pailin
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I say apathy. The complete

I say apathy. The complete empty vessel of all emotion. Gonna take 15 silver to do it I think :)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Sun, Aug 3, 2014 - 2:33am
RockerBoxer
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Bottom in oil paintings too

Bottom in oil paintings too in the Cariboo right? Yawn...Empty vessel of all emotion is not empty! cryingsmiley

Mon, Aug 4, 2014 - 6:55pm
pailin
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So HAPPY!

I'm so happy this came out today, putting to rest forever the relentless COT analysis from pretty much everybody :)

The CFTC Commitment Of Trader Data Is Rigged After All

investmentresearchdynamics.com / By David Kranzler / August 4, 2014

Myself and few others – primarily GATA – have been suggesting for quite some time that contract open interest data the CME reports for the Comex is rigged. While certain newsletter peddlers adamantly maintain the reports are accurate and honest in order to preserve their franchise, there’s nothing like a the CFTC imposing a fine on JP Morgan for fraudulently reporting “large trader” data: CFTC Charges JP Morgan With Reporting Fraud.

JP Morgan has finally been caught and sanctioned for playing games with its position reporting in gold and silver in order to hide the true magnitude of its unhedged short positions on the Comex. That JP Morgan does this is obvious to anyone who has spent several years studying and trading the Comex.

After all, how are the CFTC’s COT reports compiled? They come from big banks who are the primary Comex market-makers, of course. There’s no independent audit of the numbers and reports sourced from the banks and submitted to the CME and the CFTC. It’s a “trust us” job – wink wink.

READ MORE

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Tue, Aug 5, 2014 - 8:48am
pailin
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19 handle

Soon we'll find out if 19 is back on the table. Weird. At least one blogger will tell us this is a sign that new highs are nigh upon us. Okay. Meanwhile, I'm still waiting for the summer low. Maybe really late this year??? Show me something under 18.20...and I'm a buyer. More and more, lower and lower the price goes :)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Tue, Aug 5, 2014 - 9:27am (Reply to #38989)
vonburpenstein
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Looks like that table....

.....is here...read that article on main st yesterday spelling out what all goes in to creating the ASE...Hard to believe they're so cheap....One day, one day...maybe

Signed, Vonburp
Tue, Aug 5, 2014 - 9:35am (Reply to #38990)
pailin
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So far everything is opening

So far everything is opening lower, give a bit of time and we'll see who today's winners and losers will be relative to one another :)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Tue, Aug 5, 2014 - 2:23pm
fatjohn
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GOFO negative

GOFO went negative again yesterday at around $1294.

If I'm correct the correlation gold will be higher when GOFO turns positive than it was when it turned negative still held (but marginally) last time around when gold went up only 15 bucks in a month and a half. All other periods of negative GOFO showed higher returns as you're all aware.

This is why I'm pro gold right now and a buyer. What silver will do no idea, it just turned back into the upward channel in the gold ratio graph (see ivars post in AM's thread here https://www.tfmetalsreport.com/comment/621268#comment-621268) but I'm having a hard time seeing silver going below 18.20 with gold being so strong. But if the ratio goes to the top of the channel, it could happen while gold even rises. That would be very uncommon such a divergence of the metals.

I'm glad I recently traded a lot of (paper) silver for (paper) gold.

Edit: My words aren't even cold yet and gold surges 10$ after the NY close and silver doesnt budge.

Tue, Aug 5, 2014 - 6:40pm (Reply to #38992)
pailin
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Yep silver took the sucker

Yep silver took the sucker punch today, no doubt. I am wondering if that whole August 15th end of London Fix has anything to do with this. Saw the other day, and man I couldn't it now to save myself, something about those contracts not having to be honored or something like that. Bit vague on it, only skimmed and a sexy girl was on tv at the time too :)

Anybody else have thoughts on a correlation, or am I all wet??

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Wed, Aug 6, 2014 - 1:32am (Reply to #38988)
RockerBoxer
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Yeah, thinking about all

Yeah, thinking about all those waisted moments in the shitosphere, talking about COT, makes one wonder why we didn't go to the gallery and latest show, to buy low...

Wed, Aug 6, 2014 - 2:28am
Spartacus Rex
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@ Pailin Pre-emptive Strike Theory

I wonder who ever thought of that? Seriously when silver takes a beat down on no news, one suspects it might possibly be to mitigate upcoming damaging (ie PM bullish) news:

V8RBqJSy

dwTEBZOJ

However there are plenty of traders banking that the fiat frn will rise and silver will continue to fall, e.g.:

"Here Is My Silver Trade

Michael Seery of Seery Futures - IF - Tue Aug 05

Silver Futures--- Silver futures in the December contract are breaking down this Tuesday afternoon currently trading lower by $.40 at 19.89 in the September contract as the commodity markets continue their bearish trade as silver prices are now trading below their 20 and 100 day moving average telling you that the trend is lower. I’m recommending a short position in silver while placing your stop loss above the 10 day high which stands at 21.15 risking around $1.25 or around $6,300 per contract as the chart structure will tighten up considerably in the next couple of days. The problem I have with silver currently is with all the turmoil going on around the world prices have been unable to rally and I think it all has to do with Russia as there are major concerns of a slowdown in Europe developing causing lower demand for commodity products at least throughout the rest of 2014. The U.S dollar is at a 6 month high against the Euro currency which is also pressuring the commodity market especially the precious metals and in my opinion I do believe the U.S dollar is in the beginning stage of a bull run due to the fact that the U.S will end its quantitative easing program shortly. TREND: LOWER –CHART STRUCTURE: GOOD https://www.barchart.com/headlines/story/1234382/here-is-my-silver-trade 

Wed, Aug 6, 2014 - 10:44am
pailin
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pre-emptive strike

This one works for me, as much as any conspiracy thing does. And they all do.

Why is it so hard for people to get "birds of a feather..." :)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Wed, Aug 6, 2014 - 12:02pm
fatjohn
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So they knew russia was

So they knew russia was mobilizing?

https://www.zerohedge.com/news/2014-08-06/gold-jumps-20-most-2-months-na...

Or they knew they would be going to make a big fuss about it today.

In any case gold still outperforming silver

Wed, Aug 6, 2014 - 3:46pm
csquared13
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Opened small long position in

Opened small long position in CL yesterday via UCO. 

Hope everyone is well.

“Everybody gets what they want out of the market.” -Ed Seykota
Wed, Aug 6, 2014 - 4:25pm (Reply to #38997)
pailin
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"they" probably ARE russian

"they" probably ARE russian (not that oligarchs and NWO are patriotic to anybody other than themselves!)

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Wed, Aug 6, 2014 - 5:51pm (Reply to #38999)
fatjohn
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I was replying to spartacus

I was replying to spartacus rex and his theory that silver was slammed yesterday because bullish news was coming,

Zerohedge says that news was the Russian mobilization.

Thus my "they" is people who slammed silver yesterday.

Is your "they" the same "they" or did you refer to the tyler durdens that run 0hedge?

​If it's the same why do you think russians slammed silver?

Wed, Aug 6, 2014 - 7:59pm (Reply to #39000)
pailin
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I was being somewhat

I was being somewhat sarcastic, but I meant the Russians (aka Bilderbergs, Rothschilds, take your pick), in the sense that market-making news is rarely "news" to the newsmakers :) Get me? :) :)

I'm okay with the slam being completely coincidental, but wouldn't be surprised if it later comes out as pre-news activity by big players (of whatever stripe) acting on non-public info (from whatever source). Enough of that has come to light in mainstream the last few years...aren't we all sort of numb to it now? I am. Oh, another big firm busted, another big (to us but not them) fine...and life and business goes on. Have no problem with recognizing I'm not connected. And never will be. They can have the digits on screen, I'll keep the paintings.

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Thu, Aug 7, 2014 - 7:06am (Reply to #38994)
pailin
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RockerBoxer wrote:Yeah,

RockerBoxer wrote:

Yeah, thinking about all those waisted moments in the shitosphere, talking about COT, makes one wonder why we didn't go to the gallery and latest show, to buy low...

Hey RB, I've been really distracted lately, closing tons of deals - both buying and selling, a lot more business in the last 10 days than I usually see in the summer months...anyway...wanted to respond to you on this. Galleries/shows are not the place to buy, at least not "buy low". There you're paying retail+ (due to environment and 'hype') on maybes and potentials paying off (maybe and potentially, but probably not) years down the road, decades, lifetimes?? No no no. You want to find international arbitrage (as I've been doing for years now against EUR, JPY, and lesser extent GBP) or prune out of estate sales...especially those where the heirs just want some quick bucks to knock three or ten payments off their own underwater mortgage :)

Think about it...folks checking out right now, and the last number of years...they were the active collectors during the 60s, 70s and 80s. Mostly stuff the kids will think is dusty "era" garbage but those with an eye will know better and (carefully) pick, pick, pick away! Catch an episode or two of Antiques Roadshow. Yeah they cherry-pick the best stories for airtime, but trust me -- there is no shortage of good stories!

My cash level is actually the lowest it's been in about ten years right now. A bit scary, been doing so much quality buying. But really, getting the best buys I've ever gotten in my life. Surpassing even the earliest days back 1990-93. I used to think those buys couldn't be beat, and that after a fifteen year appreciation curve in hindsight too! But nope...this new art market is so interesting, odd, and ripe. Example: bought 146 piece collection of drawings out of Japan in a lot deal of sheer desperation (on the seller's part that is :) for $850 back in April (yes my per unit is so low it's laughable). Sold six. Just six back to South Korea two weeks ago for...$950. So that's how it's been working of late. Don't see a smooth deal like that every day, but the frequency is definitely increasing. $20 silver? I'll let the bullion banks hang onto it for now, too busy doing other stuff. Call me when it's 15 :) :)

To anybody at a cocktail party that says the global economy, and especially the American, is recovering...uh uh. So much liquidation pain out there right now. Used to say I could easily place $10k/day into my markets for an easy double (or more, a lot more often enough) in 12 months...but I'll upgrade that to $15k/day now. Passing on so many good deals...but that's just another way of me saying I'm leaving some opportunity on the table for others to take hold of and enjoy the fruits to bear! Greedy I am not.

I think the game is take the common and alchemically make it uncommon. Buy in bulk from the near bankrupt, sell in single to that one perfect buyer with means. No genius here, this is how it's always worked in the art world, it's just the pace that's moved up as (I think?) the gap between haves and have nots has widened at the same fast pace.

Enough from me. You guys need to start talking stocks and trading again around here. I'll pipe in when silver bullion makes sense (to me) as a hard buy.

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Thu, Aug 7, 2014 - 1:12pm
pailin
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Bilderberger's Art Collection :)

The über-secretive Bilderberg Collection will go on view for the first time later this month as part of St. Moritz Art Masters, an annual alpine art walk through the Engadin Valley. The collection was founded in 1984 by core members of the Bilderberg Group, one of the world’s most shadowy organizations, comprising heads of state and leaders in business and education.

https://news.artnet.com/art-world/see-the-worlds-most-secretive-art-coll...

To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything. -Edward Abbey
Thu, Aug 7, 2014 - 2:44pm
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Schiffradio.com

I posted this in the Setup thread, but it's probably more suited to here. am

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Peter Schiff Show to be terminated and replaced with podcasts.

The Future of The Peter Schiff Show

Peter says it will end end of this month, and also provides the date the daily show began: 18 October 2010 - end August 2014

Here is a chart of silver with the dates and price (of silver at the launch of his show) marked:

I added the blue support & resistance levels because of their ( in my view) relevance to the venture. What's clear is that silver has now spent 16 months trading below the prices which obtained when SchiffRadio was launched.

argentus maximus Rhythm and Price https://www.greenhobbymodel.com/rhythmnprice.html This analysis - global markets
Fri, Aug 8, 2014 - 2:33pm
stackaloha
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2 small longs

oil long in UWTI, and in USLV. I realize many are saying silver will continue going down according to trend and TA analysis. I think there will be some upside from here soon though. A bit of an experiment for me tbh, I'm not really a trader. Interesting forum.

The Right Honorable Lord Stack Esq. Ruler Of All Realms, Protector Of His Subjects, Defender Of The Faith and Supreme Imperial Regent.

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