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<p>[QUOTE=&quot;qsilver007, post: 1522152, member: 34667&quot;]QSILVERS ANSWERS A FEW QUESTIONS...................</p><p><br /></p><p>I am off for the long weekend so I dont have charts or analysis with me, I will give the best answers from my personal knowledge and experience</p><p><br /></p><p>Mid August To early October has historically has been the best month performance wise for Gold and Silver over the last 25 years</p><p><br /></p><p>I can not predict the future, especially with the current IMPLOSION IN EUROPE that no one is talking about........Greece Greece Greece.............They DEFAULTED ONCE ALREADY.................ANOTHER WILL HAPPEN WILL HAPPEN BY END OF 2013</p><p><br /></p><p>Spain, DOENST NEED A BAILOUT??????????&nbsp; Yes there borrowing costs are well off the all time high yields in the 7.00%&#039;s but why have Spanish Banks taken out over 500 BILLION in near zero loans this year form the ECB</p><p><br /></p><p>European Parliaments are for the most part retuning from vacations, Traders in the States will be back full force on Tuesday</p><p><br /></p><p>Silver manipulated?&nbsp; As a trader you cant trade like that, but I have seen enough massive takedowns, Im not talking about the Grandaddy on that fatefuly Sunday nite at 6:01 EST when Silver dropped 6.00 in 10 minutes.............How about the day of the &quot;KNIGHT Mare&quot; last month when TGW or in Traderville Traders Gone Wild a certain frims bought and sold stocks up and down some 2% in certain instances in 15 minutes????? fundamentals?&nbsp; I think not.................I bet you guys idnt see that same day on the SI open Silver got rocked for 75 cents in the first 3 minutes of &quot;pit trade&quot;, PL 39.00 in the EXACT same time frame down to the very same second check your charts if you dont believe me...............there have been numerous blatant 3-5 selloffs in Silver that go do not get investigated or questioned...............When is the Last tiem&nbsp; you Saw the Dow drop 600 point in 5 minutes.................oh yeah there was one time a few years ago they called it the&quot;FLASH CRASH&quot;.............more machines meean more of these will go on on a regular basis</p><p><br /></p><p>So the Silver sellers can and will continue to do this until enough people actually take delivery if my math is right with roughly 200 million oz in COMEX stocks and price at 30 and change you need 6 billion dollars sounds like a lot right thatts only 1% of what Spain has borrowed from the ECB, or in trader term its only 40,000 contracts</p><p><br /></p><p><br /></p><p>If a fund wanted to do it, the COMEX would not let them they&#039;d make up a reason why you cant deliver that much, but if 1000 funds ask to take delivery of 6 million dollars each they would HAVE TO THATS ONLY 40 CONTRACTS EACH!!!!!!!!&nbsp; I can say I have have positions on of much larger magnitude than that, you want to stir up a can of worms think about it, that is veryy possible..............NOT LIKELY BUT POSSIBLE</p><p><br /></p><p>SLV and GLD............................. ARE NOT FULLY BACKED 100% BY PHYSICAL BULLION......................they do own large amounts of silver and gold, but they also buy futures contracts most of the time so they do have the expose................Since there inception GLD and SLV have and will continue to be huge buyesr and supporters of the market.................if you really want to know when GLD and SLV are moving there positions look at the near dated futures open interest, when a big chunk moves to the next month you know one is&quot;rolling&quot;&nbsp; how else do you explain the fact that the September contract, now deliverable or Cash was tradin ten cents below the Dec future for the last month.</p><p><br /></p><p>PSLV..............It is Eric Sprott&#039;s closed end Silver fund...................He buys bullion and holds it for you...............you can take delivery of it, but it trades at such a large NAV generally 20% or more, you really wouldnt want to</p><p><br /></p><p>Many MORONS have tried to short PSLV and buy SI futures or SLV and think they have and arb on...............YOU CANT DELIVER METAL INTO A CLOSED END FUND..............YOU CANT SHORT SLV AND WALK TO THEM WITH BARS.......................</p><p><br /></p><p>YOU CAN SHORT SI AND DELIVER BARS, THEY HAVE TO NUMBER AND LICENESED BY ONE OF A FES ACCEPTED ASSAYERS...............you really would NOT want to do this as I have never tried, but considering how hard it is to take delivery, I cant imagine going the other way</p><p><br /></p><p>SO if you dont know much about PSLV..................Eric Sprott is a BILLIONAIRE metals investor guru from Canada super smart................PSLV is one of his babies it trades well over NAV because people trust him and know he actually goes buys the bullion then starts the fund</p><p><br /></p><p>PSLV trades at a similar premium to many government bullion programs........higher than eagles, less than brittanias..........you guys know more about coins than I so I wont go into details there</p><p><br /></p><p>I hope some of this helps I pormised my wife no charts or trade talk til Monday at 6:00 pm est...........so if my numbers are off slightly, bare with me</p><p><br /></p><p>HAVE A SAFE AND HAPPY LABOR DAY,</p><p>REMEMBER THIS WEEKEND IS TO HONOUR THE WORKERS AND TO TAKE A DAY OFF,</p><p>BEST WISHES,</p><p>SINCERELY,</p><p>QSILVER[/QUOTE]</p><p><br /></p>

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