in ONE freaking minute....

Trades only occur if there are people on both sides of the trade.  You can offer silver contracts or you can put in orders for silver contracts - all at a fixed price. But there has to be someone willing to take the other side or there is no trade.

The advantage of 'blind' markets is that when you toss your hat in the ring you have no control over who buys or sells it - and you don't care anyway.  While I agree that commodity markets are not that great, the advantage is that everyone has an equal chance to lose.  And, of course, that's why MOST trades occur OTC.

The fallacy with Brother John's suggestion is that a group of cabalists agreed to sell $10B in silver to each other until their own silver lost a percentage of it's value.  Yes and no.  There is a reason. 

I OWN 250 million ounces of silver so I'll just start selling it until it loses twenty bucks.  It's only a good idea if I am taking profit.  I take my profit out and then buy right back in at $20 an ounce less - which is exactly how commodity markets work.  And I can keep doing it over and over - if I am making only a dollar an ounce on 250 MILLION ounces, and I do it every day, it's not a bad deal but $20 is better.  If I own a seat on the exchange and am not paying a broker, I make $20 an ounce - a day - every day.

But wait, you ask!  What fool was willing to GIVE me all that profit?  Small individual investors who have small trading accounts.  Millions of them.  And I know that enough of them are going to buy every time I drop the price a few bucks - and they do - so as soon as I have taken my $250 million profit for the day and bought back in, the suckers are still buying because they are sure that THIS TIME it's going to keep going.  Why do people continue to do that?  

(H/T Patty Golden)

http://www.disinfo.com/2011/07/if-10-of-the-population-believes-a-stupid-thing-the-majority-will-too/

Nobody gives a shit about the debt ceiling.  They only care about the debt STEALING. I'll keep saying this:  The VALUE of silver isn't going up.  The PRICE is going up because the VALUE of the US dollar is dropping - because the US has a negative trade balance and can never recover from it.

Your silver is "worth" $40 an ounce today because someone in New York wants it to be.  individuals - people who don't buy 50,000 ounces at a time aren't 'in' on the great silver boom.  They are being led by a carrot on a stick.

In order for an individual to have 'enough', he (or she) would have to have enough to physically back a fiat currency and be able to issue the currency and have it accepted in general use.  If you don't have that much and you aren't a sovereign, you don't have enough to do anything - except lose your investment when those same people in New York decide to make your silver worthless.

I happened to be walking somewhere - probably Wal-Mart - and saw a commercial for Hawaiian Telcom.  They went on and on about buying local and how they were a local company and supported the local economy and I wonder how many people know who owns Hawaiian Telcom?  The Carlysle group.  George H.W. Bush's group of private investors - which includes a lot of Saudis.  Switch to them - get suckered again.

As far as turning the computers off for good, that would simply kill the markets.  You can't predict the future of technology, but you can make it ubiquitous. Small investors are out of the loop at this point anyway.

  

On Fri, Jul 29, 2011 at 21:56, robert petricci <nimo1767@gmail.com> wrote:

---------- Forwarded message ----------
From: Mark Johnson <sierrasilver@charter.net>
Date: Wed, Jul 20, 2011 at 11:51 AM
Subject: in ONE freaking minute....
To: robert petricci <nimo1767@gmail.com>

BrotherJohnF has posted an excellent video that shows just how removed from reality the COMEX silver market is. He shows that in just one minute 50,000 contracts were traded on the COMEX silver market. That calculates out to 250M ounces of paper silver or $10B worth of physical silver. IN ONE MINUTE! You can see his video here:

Silver Update 71811 Caught in the act

http://youtu.be/Y--jCrDOSjk

 

Wow! That's a lot of silver. Brother John claims that these contracts were "dumped" on the market but I think that is highly doubtful. Who took the other end of those trades? Surely someone was not laying in wait for $10B worth of paper silver in that very minute.

 

What seems more likely is that this was a computer driven price manipulation carried out by members of the banking cabal (JPM? EWT? UBS?) trading back and forth to each other in order to SET the price at a lower level before things got really ugly with the debt ceiling debate. Computers trading back and forth to each other at such high volumes as to destroy true price discovery.

 

Sick, isn't it?

 

The good news is that it exposes, once again, that the silver manipulation is alive and well and there will be no FREE MARKETS in silver until the computers are turned off...for good!

...........................................................................................................................................................................................................................................................................................................

 

ANYONE......I mean ANYONE who thinks the silver market is a free market is a MORON!!!!!!!!!!!!!!!!!!!!!!!!!!!and doesn't KNOW shit about the silver market....Mark