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From LeMetropole (Casey Chart)

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Guest Post: Guess Who’s Buying Silver Now

Submitted by Tyler Durden on 04/11/2011 12:18 -0400


OK, so the JPM vault that contains a whopping 30,844 ounces of silver (about two hours worth, given the torrid pace at which JPM delivers) was just approved by the COMEX in March. JPM’s probably got lots of silver stashed all over the place, right? Maybe, maybe not. One thing is for sure, JPMs customer(s) are some of the worst investors the world has ever seen. After selling almost 5 million ounces in the first three months of 2011, they’re buying now. That’s right, in March alone they delivered 374 contracts (@ 5000 ounces each) and bought…..zero. So far in April, they’ve bought 92 contracts and sold, you guessed it….the goose egg. And yes, they are indeed buying at new highs (See here and here). How bad would it suck if we learned that this clueless market participant was in fact the US government?

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Drop In Silver Attributed To $1 Million 37% Downside Bet On SLV

Submitted by Tyler Durden on 04/11/2011 15:08 -0400

With everyone transfixed by the relentless move higher in silver, stories, myths and virtually anything is used a catalyst to explain any move lower in the precious metal. While earlier there already were two rumors that the COMEX would imminently hike gold and silver margins again (so for untrue) what is true, and what many are attributing the move in silver to, is what according to some is an outsized option bet that SLV will drop 37% by July. Bloomberg reports: "A trader’s almost $1 million bet that an exchange-traded fund tracking silver will plunge 37 percent by July was today’s biggest single options trade on U.S. exchanges as futures on the metal reached a 31-year high. The 100,000 options to buy 100 shares each of the iShares Silver Trust (SLV) at $25 by July changed hands at the ask price of about 10 cents and exceeded the open interest of 6,054 outstanding contracts before today, indicating that a buyer of a new bearish position initiated the transaction. The ETF rose to the highest intraday level since trading began five years ago, $40.33, before erasing gains. It fell 0.5 percent to $39.67 at 12:54 p.m. It hasn’t closed below $25 since November."

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Eric Sprott vom 05.04.2011

The Market's Silver Lining?

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Trader Dan's Market Views



Silver - 8 hour chart update










Gold - 8 Hour chart update

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Montag, 11. April 2011

Mega-Fonds geht short

Angriff auf US-Staatsanleihen

Der weltgrößte Rentenfonds äußert sich nicht mehr nur kritisch über US-Staatsanleihen, sondern wettet seit März auch gegen die Wertpapiere. Im Februar hatte sich der Fonds Total Return des weltgrößten Anleihe-Investors Pimco - einer Allianz-Tochter - von sämtlichen US-Schuldenpapieren getrennt. Es war das bis dato stärkste Signal, wie negativ einflussreiche Investoren die Schuldenpapiere der USA inzwischen bewerten. Im Januar hatte der Anteil von US-Staatsanleihen am 236 Mrd. Dollar schweren und vom bekannten Pimco-Manager Bill Gross verwalteten Fonds noch bei zwölf Prozent gelegen.

Im März habe der Anteil nun bei minus drei Prozent gelegen, hieß es. Damit geht Pimco sogenannte Short-Positionen ein. Bei diesem spekulativen Vorgehen verkauft ein Anleger geliehene Wertpapiere in der Erwartung, sie später günstiger zurückkaufen zu können. Die Differenz streicht er als Gewinn ein. Pimco rechnet zudem damit, dass die Politik des lockeren Geldes durch die US-Notenbank die Inflation weiter anheizt und dem Dollar schadet.

http://www.n-tv.de/wirtschaft/Angri...cle3077796.html

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Only wait Prolongation 2016
Insolvenz US-Reg. -> End of 2016
Finanzkernschmelze (Tsunami) verursacht durch kreative Buchführung/Luftbuchungen(CDS,CDO,CMS,GSE,ABS,LBO,TAF,SIV) Höhepunkt 2016

Nullzinspolitik: FED (0,25% !),BoJ (0,01%!),SNB (-0,50% ),BOE (0,5 %),EZB (0,05 % !!!),Riksbank(1,75%),RBA(4% !) verzögert Gesundungsprozeß!
" Es lauern noch einige böse Überraschungen in den Büchern europ. Banken "

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11 April 2011

Gold Daily and Silver Weekly Charts - Correction Underway, How Low Will They Go?

Today we had an expected pullback after an amazing advance last week. A correction and consolidation is a necessary and natural element in any bull market.

As you may recall I mentioned last week that I had expected at least one retest of the neckline after the breakout. That expectation remains valid. This sets a near term target for gold in the 1450-55 range. I could even imagine a deeper dip intraday to shake out the weak hands.

If today caused you some anxiety you are probably either holding too much leverage or an overly large position. You may wish to scale back to something you can hold more comfortably.

Silver dropped on a big bearish bet according to some reports.

If you want to see an analog of what this pullback in the 4-5 area *might* look like, please review the correction that silver had in the 2-3 leg of its rally. I am thinking 37ish as a worst case downside estimate unless the equity market liquidates, but given the volatile nature of the squeeze silver may not provide such an obvious buying opportunity. So a more modest target of 40 may be more consistent with the expected pullback in gold, but I would not underestimate the power of paper in the short term. I am sitting largely in cash for the trading account and would not mind a chance to take on positions at the right support prices.

I added these details on targets by popular request (nagging) from 'The Coupon Guy.'




Posted by Jesse at 6:05 PM

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grin

Angehängte Grafiken

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Trader Dan's Market Views





Gold - 8 Hour chart update 2:30 PM CDT






Silver - 8 hour chart update 10 Noon CST

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Keiser Report: Banking XXX (E137)







This week Max Keiser and co-host, Stacy Herbert, report on the murderer of the middle class and how the wealth effect equals the poverty effect. In the second half of the show, Max talks to Jim Rickards of Tangent Capital about the silver, gold, the dollar and quantitative easing.

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Central banks turn net gold buyers, cut euro zone debt: survey

...

"Gold's quality as a store of value and fears over reserve currencies are the main reasons that central banks turned net buyers of bullion in 2010," wrote survey author Nick Carver.

The survey's respondents, who manage central bank reserves worth $3.5 trillion in total or 35 percent of total world reserves, identified gold as a "safe" reserve asset at a time when rising sovereign debt levels and super-loose monetary policy from the world's major central banks sapped confidence in more traditional reserve currencies.

"Both the euro zone and the U.S. are confronted by large deficits with simultaneously modest growth, which has influenced the value of their currencies and raised questions about debt sustainability," said one respondent.

Gold, investment grade corporate bonds and AAA-rated bonds were the three assets that reserve managers saw as more attractive than the year before.

Over 70 percent of the managers surveyed said central banks were likely to remain net buyers of gold given the level of uncertainty about sovereign debt.
...

http://www.reuters.com/article/2011...E73B7WP20110412

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Money supply, inflation and gold's currency role - Adrian Day

A look at the staggering increase in US money supply this year and its implications for both inflation and the gold price as well as a look at the effect of 'poor man's gold' on silver



http://www.mineweb.com/mineweb/view...tail&pid=102055

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GFMS 2011 Gold Survey Released, Sees Gold Price Surpassing $1,600 Before Year End

Submitted by Tyler Durden on 04/13/2011 09:50 -0400



GFMS, arguably the most respected precious metals consulting company, has just released its much anticipated 2011 Gold Survey. While the rather expensive 128 page report is not available for public consumption (yet), the gist is as follows: GFMS sees gold prices averaging $1,455 an ounce this year and sticking to a range of $1,319-1,620 an ounce, executive chairman Philip Klapwijk told delegates at the launch of its Gold Survey 2011. Klapwijk said the market had probably already seen the lows for this year, after prices slipped towards $1,300 an ounce in late January during a broad-based sell-off of commodities.Quoting Klapwijk: "Overall, we would not be surprised, therefore, to see gold break through $1,600 before the end of the year." Neither would Goldman, which needs to buy some more, thus expect a downgrade shortly.

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