Bix Weir - Massive Amount of Silver Shorts Covered - Overall Very Bullish for Silver Finding its True Much Higher Market Price

Bix Weir - RoadtoRoota.com

The COT numbers came out for the week and were stunning...unless you understand WHY the price of silver was destroyed. The banksters covered an AMAZING 16,446 contracts (82M paper oz) so far on this slam to have them post one of the lowest short position since the November 2008 crash.   Here's an excellent article on the situation:   http://www.gotgoldreport.com/2011/09/stunning-plunge-in-comex-commercial-silver-net-short-positions.html   This is since the Thursday cutoff so I'd expect even more short covering at the release of the COT report next week.   So why is this happening now? To me it's very simple...the CFTC is going to FINALLY implement position limits and the bankster have to position themselves properly before it happens.   This also confirms the fact that the CFTC has been delaying the implementation of position limits TO HELP the banksters get back "on side". They did this to try and not cause a huge disruption in the market...which it would have.   So where do we go from here? Position limits will prove to be deadly to the banking cabal because they cap their ability to rig the markets. Not 100% but significantly enough such that silver will be able to rightfully express it's true value at some point without the massive market manipulation. Usually, the banksters short on the way up from slams to keep the price under control but position limits will cause problems for their control mechanisms.   Not that it will stop manipulation all together but it will assist the Good Guys with their plan to end the game.   The next few months should be a DOOZY for silver so get your hands on as much as you can. If they slam it lower buy more. If they let it rise from here buy more. If the last slam scared you... you now know WHY it happened and it couldn't get much more bullish for silver than the Bad Guys covering a huge amount of shorts on the slam!   Silver is on sale today but we can't be sure how long this mega-sale will last!   Stock up.   Bix Weir www.RoadtoRoota.com

The Best Laid Plans of Mice and Men.....and Europeans

ZeroHedge | On a long enough timeline the survival rate for everyone drops to zero
Plans may yet be put in place, but it is clear all they do if shuffle the deck chairs and obfuscate who is picking up the tab, but solve nothing.  It is clear that if it gets implemented, any further problems would become far worse as there would be no Eurozone country strong enough to support the rest.

More Cool Trading Rules from Jamie at ForexLive

Three little rules | ForexLive

Three little rules

Jamie’s rules for forex traders:

  1. Understand the basics of technical analysis. You don’t need to be a quant-geek to be successful, but understanding the first ten chapters or so of the classic Technical Analysis of the Futures Markets: A Comprehensive Guide to Trading Methods and Applications by John J. Murphy would be a great start.
  2. Understand the basics of fundamental analysis. Pay attention to trends in interest rates, commodity prices, prevailing direction of investment flows, among other. When the fundamental and technical outlooks for a currency differ, always side with the techs.
  3. When the fundamental and technical outlooks for a currency converge, go for it! Take a more aggressive position than normal.

QE to Infinity.....and Beyond - They Will Have to Disclose the Alien Presence and Start Issuing Them Credit Right Away to Keep the Ponzi Going

WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn!

God's gift to Wall Street, Secretary Treasury Tim Geithner, says he has finally convinced Europe that the world will end if Europe doesn't bail everyone out the way the US did. On ABC's World News With Diane Sawyer, Geithner said that Europe finally gets it: “If you listen carefully to what they said this weekend, not just to us in private, but what they said publicly, they’re foreshadowing now the escalation that’s going to come. And we’d like them to get on with it.”

I Would Like to Not Report the Following Losing Trades: Thanks for Not Telling My Broker - What's A Few Thousand Here and There Between Friends After All

WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn!

Thanks to a reader tip, we have become aware that 4 trading days prior to the beginning of the massive silver raid that took silver down 43% in 3 days for what appears to be the purpose of "solving" JP Morgan's 120 Million ounce naked short silver problem, the CFTC issued a public statement providing temporary relief from reporting requirements on physical commodities for large swaps traders. Just why exactly did these large commodities traders urgently need to be provided temporary relief from reporting requirements?

The Ten Tasks of Top Traders

The Three Skills of Top Trading

The Ten Tasks of Top Traders: 

  1. Daily self analysis:   Successful trading is 40% risk control and 60% self-control.
  2. Daily mental rehearsal:   Practice being disciplined in your mind before you trade daily.
  3. Developing a low risk idea:   Trade with the odds on your side with a defined risk.
  4. Stalking:   Wait for the entry. Utilize patience and don’t pull the trigger to soon.
  5. Action:   Take the entry when the signal is hit. Do not freeze up. Be definitive.
  6. Monitoring:   Keep an eye on what is happening with your position.
  7. Abort:  Be ready to cut your losses, when you are wrong and hit your stop loss.
  8. Take profits:  Use trailing stop or profit target when one is hit. Allow the market to take you out.
  9. Daily briefing:   Think through your trading & what you did right/wrong based on your trading plan.
  10. Periodic review:   Is your trading working? Do adjustments need to be made?

Euro Crisis Key Dates Cheat Sheet

All | ForexLive

- Sep 28 Italy taps 2.35% Sep 2019 BTPei for E500mn-E750mn
- Sep 28 Belgium 5.00% 2011 OLO redemption for E7.656bln
- Sep 28 Belgium coupon payment for E4.3bln
- Sep 28 Finnish parliament vote on EFSF
- Sep 29 Germany ‘EFSF’ vote in lower house, the Bundestag
- Sep 29 German lawmakers vote on Greek aid
- Sep 29 Italy medium-long BTP bond auctions for up to E9.0bln
- Sep 30 Italy T-bill redemption for E8.0bln
- Sep 30 Italy CTZ redemption for E13.551bln
- Sep 30 German upper house Bundestrat votes on reform of the EFSF
- Sep 30 Greece 6th review, Portugal 2nd review, Ireland 4th review
- Oct 3 Eurogroup meeting
- Oct 4 Ecofin meet to ratify Greek 6th tranche
- Oct 5 Greek ADEDY & GSEE call 24-hour general strike
- Oct 6 ECB Governing Council meeting
- Oct 11 Slovakia govt has to vote on EFSF at the latest
- Oct 11 EU Commission releases quarterly report on euro area
- Oct 11 ECB reserve maintenance period ends
- Oct 14 Date on which Greece says it will run out of cash without
E8.0bln bailout tranche
- Oct 14 Greece T-bill redemption for E2.0bln
- Oct 14-15 G-20 meet in Paris
- Oct 14 Italy T-bill redemption for E7.15bln
- Oct 15 Portugal coupon payment for E0.86bln
- Oct 15 Italy coupon payment for E1.61bln
- Oct 16 G20 Finance Ministers meeting
- Oct 16 Portugal coupon payment for E0.26bln
- Oct 18 Spain sells 12-/18-month T-bills
- Oct 18 Ireland coupon payment for E1.2bln
- Oct 19 Greek ADEDY & GSEE call 24-hour general strike
- Oct 21 Spain T-bill redemption for E10.042bln
- Oct 21 Greece T-bill redemption for E1.625bln
- Oct 21 Portugal T-bill redemption for E3.275bln
- Oct 22 Greece coupon payment for E1.06bln
- Oct 25 Spain sells 3-/6-month T-bills
- Oct 25 Portugal coupon payment for E0.36bln
- Oct 27 Italy PM Berlusconi set to testify in bribery trial case
- Oct 31 Italy T-bill redemption for E8.525bln
- Oct 31 Greek vote on the 2011 budget
- Oct 31 Spain 5.35% 2011 bond redemption for E14.09bln
- Nov 3 G20 Leaders Summit in Cannes
- Nov 3 ECB Governing Council meeting–Draghi’s first as ECB president
- Nov 7 Eurogroup Meeting
- Nov 7/8 EU FinMin meeting in Brussels
- Nov 8 ECB maintentance period ends
- Nov 10 EU releases semi-annual economic forecasts
- Nov 14/15 German Chancellor Merkel attends CDU annual party congress
- Nov 20 Spain General Election

The World's Most Famous Trader (in this particular span of 15 Minutes) Sums Up How to Think Like a Trader

Trader Or Prankster? We Called Alessio Rastani And Asked - Forbes

What did I learn from them? I think the most important thing I learned from them is how to not lose money, to protect themselves against risk. …. What you realize is the most important thing is to take care of the risk. To not have an opinion about something, to see what’s in front of you. Follow the charts and signals. You have to have a plan of action, a set of trading rules or a trading plan. So what that really means is a set of rules that tell you exactly when you’re going to enter the markets and when you’re going to exit. You’ve got to be humble about your decision. If you see something is not working for you, if you get into a trade, you have to get out. As they say, cutting your losses short. That’s sort of general knowledge, nothing shocking, nothing new

Let the Games Begin - There Will Be Blood On the Floor of the Arena

 

 Sellputs 
 
SI_F up nearly a dollar in 6 minutes.. that is a MASSIVE percentage move given the vehicle and the historical average
 Futures and Options 
 
UBS: Παραιτήθηκε ο CEO λόγω του σκανδάλου με τις παράνομες συναλλαγές.
 Jérôme 
 
Here we go guys
 Jérôme 
 
listening to 05.- L.A. Woman by The Doors on :  
 Sellputs 
 
bravo to whatever fund/trader/central bank/country which cleaned up on that highly coordinated crush of a billion dollar commodity market
 50 Pips 
 
$eurusd & gbpusd 3350s and 5450s pivotal here for inter-day momo $$
 Jamie Coleman 
 
ForexLive: EU Rehn Warns Of Contagion Effect From Greek Insolvency;Press 
 Sellputs 
CL up 80c in 5 minutes
 Sellputs 
kinda fishy down here.. seems like someone catalyzed this move .. forced the momentum and made a fortune in 2.5 hours
 jeff pierce 
Absolutely unreal that  is down another 11%
 Sellputs 
CL up 40c in 3 minutes at 2 am
 Sellputs 
a coordinated bounce across all metals and crude

QE to Infinity and Sorry Deutschland

Geithner Plan for Europe is last chance to avoid global catastrophe - Telegraph

The only plausible option is for the ECB to let rip with unsterilized bond purchases on a mass scale, with a treaty change in the bank's mandate to target jobs and growth. This would weaken the euro, giving a lifeline to southern manufacturers competing with China. It would engineer an inflationary mini-boom in Germany, forcing up relative German costs within EMU. That would be the beginning of a solution, albeit a bad one. Sorry Deutschland. History has conspired against you, again. You must sign away €2 trillion, and debauch your central bank, and accept 5pc inflation, or be blamed for Götterdämmerung. It is not fair but that is what monetary union always meant. Didn't they tell you?

Root of Crisis: 30% Structural Currency Mismatch N vs S

Geithner Plan for Europe is last chance to avoid global catastrophe - Telegraph

Even if the €2 trillion "Geithner Plan" does get off the ground, it can do no more than buy time - not to be sneezed at, for sure. The root of the euro crisis is a 30pc intra-EMU currency misalignment between North and South. That structural flaw cannot be solved with debt guarantees or bank rescues.

"None of them is hiding any toxic assets" - Noyer on French Banks - Confidence? - LOL

Geithner Plan for Europe is last chance to avoid global catastrophe - Telegraph

"There is no plan, and we don't need one. The banks are very solid. None of them is hiding any toxic assets," he said. What is the point of uttering such rubbish? The markets know this is untrue, and so does the IMF.

Implicit Liabilities of EFSF - German Parliamentarians ONLY NOW LEARN - May Be 5 Times as Big

Geithner Plan for Europe is last chance to avoid global catastrophe - Telegraph

Or at least, that is the idea. We will see how the Bundestag reacts this week. It has not even voted on the July deal to boost the powers of the EFSF, itself a furiously contested plan that may provoke a 30-strong rebellion within Chancellor Angela Merkel's own coalition. German lawmakers now learn that implicit liabilities may be five times as big

WW 2 - 2 - Financial Edition

Geithner Plan for Europe is last chance to avoid global catastrophe - Telegraph

Once again, the US has had to take charge. The multi-trillion package now taking shape for Euroland was largely concocted in Washington, in cahoots with the European Commission, and is being imposed on Germany by the full force of American diplomacy.

Euro Area insolvency can not be ruled out - Merkel

zerohedge
Merkel audience applauds when she bashes EFSF, says euro area insolvency can not be ruled out

I Love How the "lower" classes seem to be ahead of the curve - shouldn't this line be in Brentwood if them Educated "upper" class type peeps gots a clue yet - just wait for them to finally catch on - then really look out on the phyzz prices

silvergoldsilver: Negative feedback loop...paging Blythe... unintended consequeces of operation smash taking effect....paging Blythe...

Greetings from the Inglewood California Silver line on Friday. LOL. Inglewood! Where u at? LOL...2 hour Wait time. Please start sending in your silver line photos. This is supposed to be happening when Silver is at $500 not $30 and down 27% in 2 days. Paging Blythe

Emerging Markets: "Sharp Reversals" or "Sudden Stop"

Geithner Plan for Europe is last chance to avoid global catastrophe - Telegraph

The International Monetary Fund warned last week that emerging markets face the risk of "sharp reversals" or even a "sudden stop" if there is further spill-over from Europe. This comes at a time when Asia and parts of Latin America are already in the topping phase of a credit boom, one of epic proportions in China where loans have doubled to almost 200pc of GDP over the last five years.

Robust Relief Rally We Await Thee

Wall St. Warrior: Technical Picture - Waiting for Capitulation

CME will be raising metal margin requirements by EOD tomorrow on gold (21%), silver (16%) and copper (18%). Expect more forced selling. The good news is, we should get a robust relief rally when capitulation finally occurs!

How To Prevent "It"

So How Much "Capital" Really Exists? in [Market-Ticker]

It's also going to remain a global problem until the authorities here and overseas say the following to each and every financial institution: You will identify every asset on your balance sheet at current market value, and you will demonstrate you are solvent at that market value.  If you claim to have "hedges" through credit default swaps or other instruments, you will prove the counterparty has the money to pay.  If you cannot or will not you will be closed and liquidated tomorrow morning. You will continue to maintain this accounting on a forward basis and you will make it publicly available on a daily and forward basis. If you need to be recapitalized to meet these requirements we (will/will not) do (x, y, or z) exactly one time, but every member of your board and senior management will be fired and, if there has been any material misstatement of your financial position, prosecuted. If this happens the crisis and market crash ends that same day. If it does not then the market will continue to "discount" the value of these alleged assets and rotate from Greece to Italy to Portugal to Spain and then here in the United States until "it" happens.

GOVERNMENT REQUIRED DISCLAIMER

Government Required Disclaimer: Crude Oil Gold Trading Room does not hold itself out as a Commodity Trading Advisor (“CTA”). Given this representation, all information and material provided by Crude Oil Gold Trading Room is for educational purposes only and should not be considered specific investment advice. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.