Thursday, March 31, 2011

$37.80 BM Silver Line drawn


Lots and lots of shorting going on at this line, lets see if we can push higher...will try to give an options update mid day to see where the smart money is going.

$US is re-testing the 76 again...JUST ROLL OVER AND DIE! Lol

And OIL just wants to explode higher here too...CHANGE? YES WE CAN!
Posted by at

45 comments:

  1. sierra_hpbtMarch 31, 2011 at 9:15 AM

    3rd times a charm..

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  2. averagejoeMarch 31, 2011 at 9:18 AM

    Silver has its running shoes on today!:)

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  3. averagejoeMarch 31, 2011 at 9:19 AM

    waiting for dip around 930am to 10 am and buying in more. Still have some powder.

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  4. AnonymousMarch 31, 2011 at 9:20 AM

    Will the LOLlar become ever more worthless? Of course. Will it happen faster than the other fiat bits of paper? Who knows and I don't even care. My non-printable savings make a distinctive ringing noise when I add to them. Sounds like music. Sounds like freedom from banksters. Sounds good to me.

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  5. averagejoeMarch 31, 2011 at 9:24 AM

    anthies asked how to trade tinka last night.
    I bought some on itrade and some on questrade and on questrade I had to use symbol
    TK.VN instead of TK.V

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  6. StrannickMarch 31, 2011 at 9:42 AM

    hahaha exactly.
    Hyperinflation and anarchy.
    Change you can believe in.

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  7. averagejoeMarch 31, 2011 at 9:49 AM

    Almost seems if the resistance at 37.80 is becoming support until the monkeys come of course

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  8. AnonymousMarch 31, 2011 at 9:51 AM

    onward and upward today!

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  9. Scottj88March 31, 2011 at 10:19 AM

    Employment last numbers to really watch tomorrow for Blythe to go nutso on. See what happens into the comex close for hints of tomorrow? Otherwise, we will be 42+ and 1500 in no time.

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  10. Blyght's MomMarch 31, 2011 at 10:27 AM

    My Little Blyght's goal today was to make the Silver price lines mimic the lines on the printout of the pulse that was taken from her vulva. Reference my post from last night :)

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  11. MarkMarch 31, 2011 at 10:35 AM

    what is the best way to trade silver options.? Ive been doing SLV...but im afraid we are getting to close to default....and dont want to be caught when slv goes to big fat goose egg and silver takes off.

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  12. AnonymousMarch 31, 2011 at 10:36 AM

    Blythe Bully Beatdown commencing

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  13. AnonymousMarch 31, 2011 at 10:40 AM

    Fraud or not SLV is getting shitload of options trading. Smart money??

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  14. IslandStyleMarch 31, 2011 at 10:44 AM

    This comment has been removed by the author.

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  15. AnonymousMarch 31, 2011 at 10:45 AM

    i picked up another 13,000 tkrff this morn...

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  16. averagejoeMarch 31, 2011 at 11:35 AM

    @freddi
    Good move. You have more than me now.:)

    I own 10,000 shares @ average price of .55

    SGS sold me on it.

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  17. goudzilverMarch 31, 2011 at 11:51 AM

    @ abnormal bias

    As long as SLV tracks the price of silver, SLV options ar the way to go. (high liquidity, many expiration dates (every week actually), small bid-ask spread,...

    And if SLV stops following spot silver, the worst that can happen is jou loos money on a long call position you might have at the time. Since (i hope) you only trade options with a small fraction of your net worth, you should still be fine.

    If you're still worried, hedge yourself with out of the money put options that go for 6 months or a year or so. Just trade options while keeping the hedge. Renew the hedge about a month before expiration (to save yourself from the worst of the time value decay). This way, you'll also profit as SLV fails tot track spot silver.

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  18. averagejoeMarch 31, 2011 at 12:13 PM

    So far my option trading has been brutal.
    What I have done now which seems a little better is bought 5 x 2 SLW long contracts for june and sep. Then bought 3 puts for sep after my calls were plus money. Just a little insurance.

    Am I way off base here. This is only my second shot at them. The most I can lose is 1200 if my longs went to zero but make on my put. But if longs cash would lose 500 on my short if it went zero.

    If either broke out one way or other I would make money I think. This is all an expirement for me and willing to lose a bit. But advice is welcomed.

    Long silver on my core holdings and long XAG/USD big time

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  19. AnonymousMarch 31, 2011 at 12:16 PM

    SGS,

    a few days ago, you said that Gensler was in Europe. Do you know where exactly he went, which conference he attended or where he gave a presentation?

    Thanks,

    Victor

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  20. SRSroccoMarch 31, 2011 at 12:21 PM

    A WORD OF WARNING

    We are heading into interesting times. Japan is in serious trouble, Europe is about to disintegrate, North Africa & the Middle East (MENA) are a Powder keg, Saudi Arabia is about to go under and the whole global financial system is about to DRY UP AND BLOW AWAY.

    SGS posted what Jim Sinclair said about being in a Hobby Farm and getting away from the bigger cities. Sinclair has also stated those in stocks should get the REAL CERTIFICATES...if that is still possible. The DTCC that services over $1 Trillion in stock transactions a day will go belly up right along with everything else when the plug gets pulled. Bank Holdidays are on the way.

    IF YOU HAVE PAPER ASSETS....even in GOLD-SILVER be very cautious as options, futures are derivatives. Derivatives are a security whose price is dependent upon or derived from one or more underlying assets.

    When the Banks are closed, so will the ATM's, Credit Cards, Online Banking, Online Stock Brokerages, the Dow, the Nasdaq and the S & P.

    What is the use if you "HEDGE" yourself in an instrument that you cannot liquidate when the SWITCH GETS TURNED OFF???


    I would suggest you seriously consider moving most of ones assets in PHYSICAL GOLD and SILVER BULLION. According to Barons, bullion has outperformed stocks over the past century anyhow.

    Things are falling apart a lot faster than even the most outspoken critics have forecasted.

    There is not much time left to get ready.

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  21. AnonymousMarch 31, 2011 at 12:40 PM

    I have one question.. Is the Austrian Philharmonic silver coin any good ?
    Gainesville coin is selling with only 2.4 per oz comparing to 3 bucks for Maples.

    It has less premium than maples and silver eagle. Gainesville coin has it sold for 2.4 per oz vs 3.10 for maples Is there any good reason for that ?

    A monster box can save decent chum changes.

    TIA

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  22. ArkadiuszMarch 31, 2011 at 1:02 PM

    @coconutrumplus:

    Silver is just silver. Doesn't matter if it's philharmoniker or maple leaf. The only difference for you (I assume you live in U.S or Canada) is this is a coin that can be normally circulated on the market. In means it also represent not only PM value but also market official value (with US 1$ silver eagle you can normally paid for any good). And official currency cannot be taxed if you sell this. Philharmoniker can be taxed. In Europe - it's different - Philharmoniker shouldn't be taxed.. But the rest is the same. It's just point of view - if you like it or not. Noone will be so stupid to pay 5$ maple leafs for coffe in the bar...

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  23. AnonymousMarch 31, 2011 at 1:08 PM

    Arkadiusz, that spell a problem for me. I do not have many silver eagle. 1) They have higher premium, 2) I don't trust the US minting after knowing their tendency of scamming US civilians.

    SE is fetching 3.8 per oz on premium. It is just not worth the difference.

    With the so call tax in play, I may get a bit more SE then, unwillingly......

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  24. MarkMarch 31, 2011 at 1:09 PM

    @ Goudzilver
    Yea...i trade with a limited fraction of my networth...most of my net worth is in physical gold/silver...wouldnt have it any other way. I like the hedge strategy....something i will have to consider, but i do like SLV for the reasons you specified.

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  25. The News UNITMarch 31, 2011 at 1:48 PM

    Yea what's with this $37.80? Might have to wait until next week now for $40.

    Can't get any American Eagles right now. Did anyone see the news on Utah here in the U.S.A.? I think the states here are going to lean into this now and cause the end of the dollar and hopefully the Federal Reserve.

    I was expecting more volume on TKRFF here today also. Why the lack of interest? I almost bought a bunch. Those dips are hard to catch.

    The News UNIT

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  26. AnonymousMarch 31, 2011 at 1:56 PM

    avg joe...im up to 25,000 tkrff...

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  27. AnonymousMarch 31, 2011 at 2:02 PM

    its really strange seeing my volume as a big part of today....im like 28% of volume today...i don't think that is good...we will see....any thoughts sgs

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  28. MarkMarch 31, 2011 at 2:08 PM

    yea..i purchased 3500 TKRFF as well

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  29. data_monkeyMarch 31, 2011 at 2:13 PM

    @SRSRocco and all

    "When the Banks are closed, so will the ATM's, Credit Cards, Online Banking, Online Stock Brokerages, the Dow, the Nasdaq and the S & P."

    I would add, you will not be able to access your safe deposit box as well. DO NOT store your PM's at a bank!

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  30. JulianMarch 31, 2011 at 2:14 PM

    Silver is silver, buy the cheapest physical. It's all about the ounces. But either way you'll not lose.

    Has anyone spread bet. I've opened an ig index account to catch some of Blythes knockdowns, then upswings. Could be fun.

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  31. AnonymousMarch 31, 2011 at 2:15 PM

    sgs you angry fucker....you better not be setting us up...

    ReplyDelete
  32. JulianMarch 31, 2011 at 2:15 PM

    That was supposedto say anyone spread bet Tinka!

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  33. AnonymousMarch 31, 2011 at 2:19 PM

    Last night, I had a thought about the break down of the US. I wonder what may happen to the prisoners in the correction facilities. With the government shutting things down, will they be released ? Or will they be....."vanished" ?

    US has the largest population of prisoners in the western societies. If the government shutting down because of money or end games, I would think that those murderer, rapists, violent crime criminals would be released..... That is a scary thought...

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  34. MarkMarch 31, 2011 at 2:32 PM

    @cocunutrumplus
    they will be released and utilized for 'policing' duties....

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  35. mockraMarch 31, 2011 at 2:40 PM

    @freddi - youre in over 10k in TK and you dont have any confidence in it other than SGS's word?

    We're all waiting to hear news in the coming weeks/months of their expanded drilling results. Odds are looking good from initial surveys based on what they found in their original drilling results. If this news is good and silver's still trading above 30$/oz, share price should see a significant bump up, depending on how big the news is.

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  36. AnonymousMarch 31, 2011 at 2:54 PM

    mockra...i really hate explaining humor to people that need it explained to them....so i am not starting now....

    ReplyDelete
  37. JPDGMarch 31, 2011 at 3:39 PM

    Question for SGS (or anyone who may know):

    Any idea when throwing shorts at silver will become ineffective? It looks like they can't beat it down at all, but it sure hasn't been moving up too much either.

    Thoughts? Best, -JPDG

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  38. Sarosh Quereshy, M.D. March 31, 2011 at 4:25 PM

    Minnesota fed hints at rate hike: funny stuff eh?

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  39. MarkMarch 31, 2011 at 4:25 PM

    I see 3 trends currently occuring.
    1. Gold is being pushed back down at every attempt to push it higher than 1440
    2. Silver is being pushed down at 38.80
    3. the Dollar is trying to push below 76....

    these are the battle lines...any of these fail...they all fail....

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  40. The News UNITMarch 31, 2011 at 4:34 PM

    Cramer did it! THE END. Might as well shut down the blogs and go fishing.

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  41. The DocMarch 31, 2011 at 4:43 PM

    $37.80-$38 looks to be their last stand right now. We might get disorderly to the upside if we can take out $38 convincingly. Gotta love the record quarterly close while consolidating anyways.

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  42. John GaltMarch 31, 2011 at 5:01 PM

    i like this guy. If he's right we could see a bit of a sell off. Any thoughts.
    http://www.youtube.com/watch?v=eVKEY7cuLxI

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  43. goudzilverMarch 31, 2011 at 5:30 PM

    Anybody else noticed during this "barely touched $38 and then big pushes down day": Still the highest 31-year close in silver today!!

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  44. freddiemanicMarch 31, 2011 at 7:45 PM

    I think the big war is going to be at $39.50. The EE does NOT want this to go over $40.

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  45. Crusso33March 31, 2011 at 9:10 PM

    I'm by no means an expert on this stuff, more of a long term investor, but can some explain why whenever the price of the metals goes down, be it at 3:00 A.M, on the Comex open or Comex close or right after the Comex close it's considered a raid? I read Harvey Organ often too and it's always manipulated...can't the price ever just go down?

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