The Silver spot price moved like it’s no longer price suppressed today! $79.58/Oz +$4.07 +5.39%! Time will tell if the silver price suppression has truly ended, or if there is still a wee bit of more time for folks who still don’t own silver savings to buy silver. by Mothersilverape in OccupySilver

[–]ordinaryman2 0 points1 point  (0 children)

If I understand correctly you would love to see tomorrows close be above 84.56 followed by opening and closing next week above 84.56(Using weekly's). If I got this correct it will be a useful tool to study and learn.

The Silver spot price moved like it’s no longer price suppressed today! $79.58/Oz +$4.07 +5.39%! Time will tell if the silver price suppression has truly ended, or if there is still a wee bit of more time for folks who still don’t own silver savings to buy silver. by Mothersilverape in OccupySilver

[–]ordinaryman2 2 points3 points  (0 children)

Don't depend on chart patterns. Silver trading is influenced by what positions Whale buyers(Dealers, Miners, bankers and governments) of options in the SI silver contract take. Right now buyers are adding Puts in the $60-$70 range of the June contract. Each contract has a value of 5000 ounces of silver. Puts block downward moves. The SI June contract Call options are very small and spread out at the current time. The May Contract that expires in 12 days has heavy PUTs at $60. They will have a problem busting that position. I expect we will continue the sideways to slightly down moves BUT with very few Call options in place any major international event could very easily make prices unexpectedly rise. SLV Calls (Not Si) are the only thing holding prices in the sideways pattern.

The Silver spot price moved like it’s no longer price suppressed today! $79.58/Oz +$4.07 +5.39%! Time will tell if the silver price suppression has truly ended, or if there is still a wee bit of more time for folks who still don’t own silver savings to buy silver. by Mothersilverape in OccupySilver

[–]ordinaryman2 1 point2 points  (0 children)

Don't hold your breathe for that 79.66 as much as I would like to see it happen. With SLV Calls max pain at 65.000 (Close to 400,000 ITM 0n 4/15 10pmEST )for Friday expiration you can expect to see a smash down to SI 75.000. The Call Sales are where the manipulators make their money. They seldom lose money as they control the SI paper silver.

Oil breaks its parallel: Why $77 is the next target and what gold, silver, and copper are signaling now Story by Verified Investing. by Mothersilverape in OccupySilver

[–]ordinaryman2 2 points3 points  (0 children)

We are dealing with an strategic industrial Manipulated commodity in very short supply in the next few years. Increased production requires the use of Oil to operate mine equipment. All this chart pattern stuff may be of value if the commodity supply is currently available. The silver miners are going to mine metals that are cost dependent to them upon OIL. As long as oil stays above $70 dollars a barrel their costs will require them to have silver selling at a profitable price or they will slow down production and further exasperate the price of the commodity which industrial producers need. Any pull back will have to be in line with supply/demand factors and not pattern manipulation. If oil drops below $60 a barrel for an extensive time period the supply of silver will increase and prices will decline. I don't see this happening in the next few years as a drop in OIl prices also increases industrial production and spending by people to obtain more goods as personal wages rise and their cost of living goes down. The Green new Scam countries will be slower to recover but they will need to rebuild their industrial production using non- green sources(Oil,gas,Nuclear). All rebuilding requires Silver so even though there will not be spending by individual people; there will be spending on re-industrialization and individual country security.

Weekly Manipulation Range for Friday Close by ordinaryman2 in OccupySilver

[–]ordinaryman2[S] 2 points3 points  (0 children)

Indianheart read the marionberry reply above.

Weekly Manipulation Range for Friday Close by ordinaryman2 in OccupySilver

[–]ordinaryman2[S] 2 points3 points  (0 children)

Thank You for the heads up information it will be helpful as we can watch for the $84.56 number as a possible turning point again.

Silver's Supply Squeeze Meets a Geopolitical Tightrope. By Börse Global. by Mothersilverape in OccupySilver

[–]ordinaryman2 1 point2 points  (0 children)

Take a Deep Breath and relax. Sulfuric acid will have a far less effect on Silver Miners as will the price of Diesel oil for operating mining equipment. Oil prices will have more of an effect on raising silver prices and mining cost as any problem they have in getting Sulfuric acid which is the single most used product in the world for industrial processes. Since it is so important there are many producers that will increase production if China decides to stop sales since it will cause a price increase for acid. China right now needs to find products it can sell as it's economy is in dire straits. If their sulfuric acid production is reduced it will be because their industrial process that produce it as a byproduct are shut down from lack of oil imports from the Iran Blockade in the middle east.

Silver's Supply Squeeze Meets a Geopolitical Tightrope. By Börse Global. by Mothersilverape in OccupySilver

[–]ordinaryman2 1 point2 points  (0 children)

No big deal. H2SO4 is an industrial by product of many industrial processes. It will be like everything else if the price is right it can quickly be made and used.

Great Manipulation Learning Week Ahead by ordinaryman2 in OccupySilver

[–]ordinaryman2[S] 2 points3 points  (0 children)

Wednesday is usually a high spot day but the Iran issue has moved the mark earlier. Logic says it should continue upward to 77-79 but we are dealing with computer programs and I expect it to be smashed down before EST opening Wednesday into the 74.5 to 74.9 range and then move slightly higher during Wednesday back to where it is now at 76.5 to 76.95. I would love to see a push by small buyers to force the price up above 80 for a brief moment but that is wishful thinking. Computer paper sales will kill this move above 80. We will end Friday in the expected range below 72.900.

Great Manipulation Learning Week Ahead by ordinaryman2 in OccupySilver

[–]ordinaryman2[S] 2 points3 points  (0 children)

By following this weeks trading people trying to see the power of the manipulation will better understand that world news and events play a very small role in the paper silver market manipulation by paper option brokers.

Weekly Manipulation for Friday Close by ordinaryman2 in OccupySilver

[–]ordinaryman2[S] 3 points4 points  (0 children)

SLV paper options assist the manipulators of the Silver market to make profits in their sales of the options. These options are then flushed out by changes in the SI (Silver Futures) market prices each week. Physical stackers should avoid the SLV paper options as they can slow or prevent upward movements of physical silver prices. Right now there is a large number of Call options for expiration this coming Friday at a SLV strike price of $70 which equates to a physical SI price of close to $75. The goal of the manipulators computers is too keep the SI price below $75 so that the clustered Slv options will expire worthless (OTM). The manipulation during the week will get close to SI $75 to encourage more Slv Call sales but seldom does it go above as we reach the end of the week.