Monday, March 28, 2011

And it begins....



In hopes of lower prices on expiry day, here they are. Lets see where this will end up when the law abiding CTFC makes its announcement. I'm buying weakness.

43 comments:

  1. already made my move @ 36.50. Let's see if I can make some fiat!

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  2. Morning SGS,

    Do you think the announcement will come after the bell?

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  3. Do you have a rough time for the CFTC anouncement? Should I go to bed or is this going to be worth watching?

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  4. http://ftalphaville.ft.com/blog/2011/03/28/528886/some-curious-silver-forward-patterns/

    SGS , Above means somebody bought big time on mar 23rd ? pl confirm.




    http://seekingalpha.com/article/260168-gold-and-silver-options-expiry-march-28-2011-expect-volatility

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  5. Nice Goldman warning today

    http://www.zerohedge.com/article/goldman-q1-gdp-imminent-downgrade-warning-gets-louder-significant-downside-risk-our-q1-gdp-e

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  6. I stop reading your blog now. This endless moaning when silver gets lower is just annoying. Silver made a whopping 20 per cent this year already and the only thing you seem to be able to do is drown yourself in your childish conspiracy theories.

    You ain't got a clue about trading whatsoever (margins going upwards in a super bull market is nothing but completely normal, you fool).

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  7. PS: What fucking announcement are you talking about anyway: The CFTC decided on position limits back in Jan already.

    @all: Are you too stupid to check for yourselves if there is an important CFTC announcement? God dammit ...

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  8. iFlash, you are a moron. You really think all these slapdowns are a good thing? Have you even thought about the wider investing and indeed social implications of artificially manipulated precious metals prices upon ordinary people's lives?

    You think it's good we are effectively trapped in fiat-world?

    Get in a time machine and fuck off back to Weimar Germany where toads like you belong. There you can have all you can eat. Shill pillock.

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  9. iFlash: go get laid. You cleary sucked the wrong dick last night.

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  10. HAHAHAHA! @iFlash - Note to self: Even a fool, when he keeps silent, appears wise.

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  11. @UK: They are just a normal market thing. Silver is STILL 20 PER CENT UP THIS YEAR! So fucking what?

    What do you guys excpect? Silver goes to 100 overnight? Look at the damn charts - the trend is already close to parabolic. What else could a silver bug ask for?

    Not sure who the moron is in this place.

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  12. About time that worthless $US got smashed, SEE YA!

    Hearing through the grapevine that Mr. Obama is now being prepped on the situation at the COMEX! Cant make this shit up!

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  13. @SGS: Well, *you* seem to know how that feels like - I don't.

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  14. @iFlash: Have you recently stopped taking fluoxetine?

    @SGS I concur, fiat is worthless and the sooner it is smashed, the better.

    Silver, get physical!

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  15. "Hearing through the grapevine that Mr. Obama is now being prepped on the situation at the COMEX!"

    Even if this turns out to be just a rumor, it is fantastic entertainment to cope with Monday-doldrums. Go SGS!

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  16. ---Hearing through the grapevine that Mr. Obama is now being prepped on the situation at the COMEX! Cant make this shit up!---

    You've been right on 100% of things on this blog as far as I know (the Genz issue is jury out...)

    They must be busted at COMEX...

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  17. Hi - entertaining blog to read. Have been doing so for a while.

    read that announcement after 6pm.

    would this be positive for physical only or paper silver too?

    Thx - love your style.

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  18. SGS- seriously, who the fuck do you know that could possibly be telling you about Obama and Comex... are you really this high up on the food chain to know these kind of peeps?? if so, good fucking stuff!!!! and thanks!!!

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  19. Obama: So they do not have enogh silver at teh Comex?

    Well, er, not exactly Mr. President. They have no silver at the Comex.

    Obama: None?

    Yes, Sir, none nade zilch.

    Obama: How can that be?

    TBTF Mr. President.

    Obama: But what about SLV?

    Full of IOU's from JPM Mr. President. The IOU's don't even weigh 1000th of the Silver they should have.

    Obama: Oh fuck. Blythe will be angry if I make the wrong call. What do we do? Any country we can start a war with?

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  20. Yes, I have managed to get myself acquainted with the pullers of strings so to speak. I'm now so far deep, I too look over my shoulder now and the Black Suburbans parked outside...lol GOT GLOCK?

    The only thing I cannot extract is the exemptions part of it...tight lips.

    And hearing that getting the last March contracts their metal is not working out so well...May should be blast(literally)!

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  21. Here's the latest from Camp Masters. Last night Blyght caught me reading SGS. She was so pissed that she called up BB and they decided to create a profile and starting blogging on here under the name "iFlash". They said they were going to type in broken english so that their posts looked authentic. They wanted them to look as if they were being made by someone who spoke english as a second language.

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  22. HAHAHAHAHAHAH thats funny shit, fuck that was good.

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  23. SGS- are you posting this shit from your home computer?

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  24. Is there a site to watch the CFTC meeting live?

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  25. US Treasury monitors world markets, and daily writes a summary for the President, so it's possible that Comex is getting mentioned.

    http://www.cnbc.com/id/42092643/Treasury_Monitoring_Global_Markets_From_Basement_Bunker

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  26. Buying on weakness...sometimes I just can't wait. For example, I wanted some of the new Canadian 1 oz Silver Grizzly's, so I bought them today for $41.71 each. It seems like a lot now, but I thought the same when I paid $34 for the Canadian 1 oz Silver Wolves. More and more I'm getting the mindset to just buy silver when I can, and not worry about the price.

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  27. A lot of people are saying FUCK on this blog, so I'm going to say it too. FUCK!

    Anyway...just added to my fucking CDE options this morning. I have calls for the June $45 strike. I know that's really aggressive but I did the same thing last April (2010) when I purchased 50 SLV calls for the Jan. 2011 $25 strike. Many others advocated buying calls on the Jan. 2011 $20 strike. I did the $25 because it was cheaper. I'm hoping CDE will work out even better. If it does, I have Blythe's arrogance to thank once again. She seems to think she's more powerful than the market's invisible hand. You can't see it bitch! It's invisible!!!

    @SGS I really enjoy your blog. It's not as stuffy as some of the other metals blogs (though the ones I read are good). I really like the laid back character of this community. Thanks for the daily updates and commentary.

    Adam

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  28. Wow I Love this blog, I really get a lot out of it. I never really knew how many different ways I could use the word Fuck. After coming here, and learning words repeated so frequently, like shit, fuck, motherfucker, mother fuck shit damn, cocksucker and so so much more, my life has been completely transformed. People like me and understand me so much better. Thank you.

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  29. Now how many alternatives are there?

    Frig.

    Frick.

    Freakin.

    They just don't have the same panache...the same zip...the same pop! Cursing is cool.

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  30. I'll try to speak in the language you all understand here, ill go real slow ok agThug?

    Fuckshitmothershitfucktronpisswadassmuncher, I hope that helps you in you trading for the day, oh and I forgot "I love Blythe, I hate Blythe AHHHHHHH!! Are you all in high school Christ! No wonder this country going to shit.

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  31. @drq

    When I worked as a claims manager at a trucking company in Detroit during the mid 1990s, you would be shocked at how many ways fuck could be used. The best one was a comment written on the bathroom wall of the shipping yard I was stationed at. I won't use the real name of the operations manager all the drivers hated...

    John Smith can't have any kids because he's too busy fucking all the drivers!

    Bathroom poets...go figure.

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  32. The F-word used to great effect by these 3 singers

    http://www.youtube.com/watch?v=ZAg0lUYHHFc

    Go to 2:10 for a quick fuck-fix

    Funny shit about the scam of 'cheap' air-flights.

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  33. Adam, when I was in High School, some genius wrote SHIT on the bthroom wall, with shit.

    Probably works for the government now

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  34. So, SGS, what decision exactly by the CFTC was it that you proposed for today? That you are fucking clueless?

    I am absolutely in physical Silver, but still I am sane and don't think it'll go to 100 USD over night (why should it anyway). And I don't care if there is Blythe or whoever selling naked shorts or not. The trend goes up. That's all what I want to see. That's all I care. That's all that'll make my day.

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  35. PS: As I am German, English *IS* a second language to me. But it's great to see that you guys identify *anybody* that is asking questions as the wicked whitch.

    You're sad. I don't see any reason for not being bullish on silver and still be open minded and sane the same time. Maybe you guys eat that stuff and that might not be healthy. Keep it in a safe instead, you knobs.

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  36. Iflash: is the day over? When its over, let me know at 11:59. Godspeed.

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