iBankCoin

Trading with The Fly

Dr. Fly
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,472 Blog Posts

Volume For Silver Futures Contracts Explodes in Shanghai; The Chinese Have a Hankering for the Poor Man’s Gold

Dr. Fly Tue Jul 5, 2016 7:16pm EST 10 Comments

This is indescribable. Maybe some local Chinese guru newsletter writer, a Gartman type of fellow, has been bussing in the farmers in from rural in-land China to stock trading centers, in order to leverage their farms 10:1, in order to bid up silver futures? God only knows. On Monday evening, without rhyme or reason, the price of silver exploded to the upside– by as much as 8%.

silver2

Now we know why. Crazy fucking Chinamen.

 

If you enjoy the content at iBankCoin, please follow us on Twitter

10 comments

  1. tokyojoewasmyfriend
    tokyojoewasmyfriend
    July 5, 2016 at 8:06 pm

    Wut Da Phuc

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. roundwego
    roundwego
    July 5, 2016 at 8:14 pm

    Playing with fire at this point. China mania usualy dont end well.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  3. badduck
    badduck
    July 5, 2016 at 8:14 pm

    The answer is clearly TLT.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  4. roundwego
    roundwego
    July 5, 2016 at 8:32 pm

    Dr. Copper looking to breakdown on daily up channel. And it can get ugly.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  5. roundwego
    roundwego
    July 5, 2016 at 8:35 pm

    Three strikes and the game is over.

    http://www.zerohedge.com/news/2016-07-05/domino-3-mg-suspends-trading-6-billion-uk-property-fund

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  6. roundwego
    roundwego
    July 5, 2016 at 8:41 pm

    The death cross is where obozo dold his soul to get obozocare. Fuck central planning.

    http://www.zerohedge.com/news/2016-07-05/central-bank-death-cross

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  7. bizerkus
    bizerkus
    July 5, 2016 at 9:17 pm

    Isn’t there a triple-levered wu tang clan-like silver ETF that I can buy on margin? Shit.

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy