I'll bet the shorts have built here...
posted on
Dec 12, 2011 12:54PM
(Edit this Message from the "Fast Facts" Section)
because they are in so many other PM/JPM stocks.
That says it all for the short term. 'They' are forecasting synchronization to the metals take down.
The trend line bottom for gold is $1550 to $1580...for silver it's $25 to $26. I am expecting this before the end of the month...but maybe the big boys will stretch it into Jan. to buy back after 'tax loss' selling. They want everyone to throw in the towel before they buy. Thus, the buying oportunity of a lifetime in my opinion. Unfortunately, many have given up in disgust with huge losses and won't be back. Now they want your shares.
My guess is the trend lines in gold and silver will be met and the shares have some downside until then. We have to guess where the bottom is for this JPM now ...the ultimate, orchestrated capitulation....same for all other PM/JPM stocks.
This is a gift fo those with ammunition to buy at the bottom. Looking at it anther way, how much further can it go down? Buying here is still a good time...even if it descends lower because the compression will cause a nice rebound anyway.
We can only guess where that ultimate bottm is with SFMI. Some jerk over at Scum world is babbling about 3 cents. Huh! His manager at the MM or fund he toils for probably promised him that the fund will take her down no matter how many naked shorts it takes.
This is no different than what I'm seeing at several JPM sites/BBs. There is a veritable battallion of workers out there in cubicles torturing the retail investors. They all have the advantage of what the objectives are for the downside... which they will warn about with great glee and with all nature of verbal rubbbish.
Here we go into Jan.