Tuesday, February 22, 2011

$32.50 Silver, Blythe has fangs, dont get biten

Okay, late last night, I said $32.50 would be a level, if I were in Blythe's shoes, that I would see it at. And we did just that. LARGE red candles, as I predicted, like I did it myself. I've been doing this for a while. I'll will take that anyday after 5% run. I'm hearing panic on the desk, and when there is panic, Blythe never used to sleep. With less sleep, she gets fuckin cranky, like any of our old ladys do.

I dont want to harp on spot price today. It doesn't matter anymore. I'm getting emails about if I should buy here, or wait for the .60 drop, or this or that. You are missing the entire message if you start nickle and dimeing at this stage. I can appreciate anyone trying to get the best deal, by I have a feeling people are still waiting to pull the trigger, even after my $26.50 bottom buy to scoop up 'some' and strong $29.50 buy, at which after that metals report, it doesn't matter what you buy it at.
Stop watching the 'spot' price illusion, and start transforming your minds to read the into the metals reports-they are the blueprints of all your 'spot' questions and answers.

Every time you see a $80 cent decline in after hours trading within 10 minutes, put a smile on your face, because its OUR plan that's working, not her's!

Lets chalk up 250 "I hate Blyths today" get that frustration out!

If you feel better after reading this message, you know how to thank me

25 comments:

  1. I was worried if it fell below 33.00 that it might have gone even lower. I just missed buying a monster box early this morning. Well, maybe I'll get a chance yet this week. I just think this thing is going to swing wildly and drive me crazy trying to buy bullion cheaper.

    Has anyone noticed all the increased adds everywhere now about buying silver? I notice them on most websites that I go to now. People might start getting on board.

    Go silver!

    ReplyDelete
  2. Watchman, that's called targeted advertising. It has nothing to do with the general market but Google and Yahoo's knowledge of your spending habits. :)

    ReplyDelete
  3. Mr. SGS, I've been checking out Peter Schiff's Euro Capital firm and their advertisement on PM's at the Perth Mint in Australia. How good of an investment do you think that will be if I convert my IRA/Roth and let the mint hold my PM's?

    ReplyDelete
  4. Yeah it's amazing how those APMEX ads pops up as if they know I shop there! ;)

    ReplyDelete
  5. If you dont hold it in your hands, you dont own it...Australia can confiscate that shit quicker than fascist America. Go yourself down to the store and buy it. If you are buying in some insane quantity, that would indicate to me you have the money to buy a serious vault, or set of vaults spread out near you. I would not have some foreign vaults be in possession of my only means of survival if SHTF.

    ReplyDelete
  6. I went to the Perth Mint today - there's a 4 month wait on delivery for 1kg and 100 oz bars, with very limited stocks of 10 oz bars all that remains for immediate delivery.

    Read into that what you will...

    ReplyDelete
  7. So I'm being watched then huh? Wow! I never realized that. I wonder if "Big Sis" is watching me?

    As for silver: Silver has to get over this 34.00 barrier and gold must move much higher above 1400.00. I see palladium took a dive overnight here.

    Here comes the dollar up again. I hate this! I feel like that "sheep" bear in the video. :-( I have to remember the SGS adage: "You sheep: Price is fiat, it makes no difference what spot is at!"

    ReplyDelete
  8. SGS, do you know where the raw data for the silver lease chart is? It's hard to tell from looking at the chart, but it looks to me like the 12 month lease rate has crossed BELOW the shorter term rates. Does it look like that to you?

    http://www.kitco.com/lease.chart.silv.html

    ReplyDelete
  9. Market opened at 9:30

    Going vertical...

    ReplyDelete
  10. Correct me if I'm wrong here, but I get a sense that everyone here is stocking up for Armageddon. Should I buy bullets for my rife???

    ReplyDelete
  11. I pushed the panic button! I thought for sure the price of Silver was going to skyrocket today, so I hurriedly picked up a couple $1000 worth of silver last night (that I was saving to buy the new Canadian Grizzly due out next month). I even picked up a new 5 gram gold waffer from the Perth mint.

    ReplyDelete
  12. I just picked up another 2000 oz.

    Bring on MARCH MADNESS!!!!!

    ReplyDelete
  13. I am so jealous of you guys who buy 2000 oz at a time when I am buying 10 at a time. Oh well, at least I have some.

    ReplyDelete
  14. So, where the hell are the shorts getting all the cash to drop the metals like this? Aren't they losing money? I just can't imagine being short in this kind of market.

    ReplyDelete
  15. Tom: Just make sure you aren't getting ripped off. You should be pricing bullion online at places like www.suissegoldcorp.com and www.tulving.com to see what you are paying in comparison. But I agree having some is better than none.

    And make some close friends with bullion they might help you out.

    ReplyDelete
  16. I am in your boat tom. I tried to buy some yesterday from europacmetals until I realized their minimum is 10,000 dollars.

    So silvergoldsilver. Let me get this right. You are saying don't look at spot anymore and just buy the physical? I mostly only buy junk silver but is their any advantage to bullion? And let me just say that I have not even been buying on the focus of investment but security.

    ReplyDelete
  17. Mid-East Flare Up

    "CIA spy" Davis was giving nuclear bomb material to Al-Qaeda, says report
    http://in.news.yahoo.com/cia-spy-davis-g....

    I respectfully ask:

    Remember how only a few days ago the FBI was quoted as saying there was a 100% chance a nuclear bomb would be set off inside the United States by "Al Qaeda?"

    Easy prediction to make when you know the CIA is giving "Al Qaeda" the fissile material and biological weapons!

    Do you grasp what is going on? The CIA uses a Blackwater contract agent to approach "Al Qaeda" or any convenient dumb-ass patsy and gives them the key ingredient to make a nuclear weapon. Plus they garnish it with some biological weapons as an added bonus. Then the public is fed a story about how nuclear weapons may already be inside the United States via the port in San Diego, to make the subsequent blast explainable.

    ReplyDelete
  18. How is this - Silver is down; so ultrashort ZSL should be up? But its down 3%.

    ReplyDelete
  19. CME is busy this morning. Already over 92,000 contracts for silver. Maybe today will be a record.

    ReplyDelete
  20. Anon re ZSL, U.S. markets were closed yesterday so everything is digesting yesterday's action as well as today's. Overall silver is still up over Friday so ZSL is down.

    ReplyDelete
  21. detersbb, This shit has been going on for a long time. Tim McVeigh being one recent example.

    ReplyDelete
  22. SGS, What do you think of SPROTT Physical Gold Trust?

    ReplyDelete
  23. PSLV is the ONLY other place I'd keep my physical holdings IF I were to diversify off home base(s) vaults

    ReplyDelete
  24. What abut Goldmoney. . . James Turk's tha man!!!

    ReplyDelete
  25. Agree on GoldMoney.

    One of my SHTF scenarios is leaving USA in a hurry; I've got small amounts of silver and gold in London, Zurich, and Hong Kong with Turk's company.

    ReplyDelete