Thursday, March 24, 2011

Give it up Blythe

If you haven't noticed, some options have expired, and sending the algos into a selling frenzy on the PM's....BUCKLE UP- SHES BACK!

11 comments:

  1. Yeah, you better all watch out. She just put some salve on her thighs and that's never a good sign.

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  2. "Silver crashed to $37.45!"
    Dang I like the sound of that.

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  3. SGS - You mentioned some options expired. What exactly are you referring to?

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  4. SGS: Tinka rockin'! Many thanks for that tip a while back...I got in .357,.372,and .402! It's at .6042 right now! Did you have an idea of how far this one could go up to if everything was working out? I might grab some profits and flip it into physical silver while it's still "Cheap" under 37! LOL
    Thanks again man!

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  5. I sold off my Oremex and Tinka when they peaked today. I don't regret the ORM sale, got 52% out of that one in 7 trading days and think it has to be close to leveling out. Thinking I should have held Tinka though as I only got 22% out of that one in the same amount of time. I feel good with it long-term, but today just makes me feel like we are in for a silver correction with how fast we ran up to $38. Might just hold off until Monday before getting Tinka, I dunno. I feel like doubling down on it now haha, I must be PMS'ing today or something.

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  6. I suspect Tinka will have to retest .51, especially if POS gets slammed by Blythe. Like I said, Tinka is the real deal...I dont sell till $1.50, I'll wait this out, unless market crashes like 2008, then everything will get whipped out...take some 20% here if you want, but long term this is going higher....look at the volume today, it sonly has around 60 million shares all together!!

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  7. And Like Clockwork, CME Hikes Silver Margins Halting Surge
    http://www.zerohedge.com/article/and-clockwork-cme-hikes-silver-margins-halting-surge

    Great call this morning. Great call earlier this week on Israel.

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  8. COMEX Silver margin hike. $11,138 -> $11,745. We knew it was coming, SGS alluded to it earlier.

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  9. when they did that to cotton it was limit up for a few days right? uh.. there isn't a limit for silver so guess what FUBM!

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  10. looks like Tinka already gave some back as we head to the close. Now only up .04 on the day. I missed a chance at some profit taking, but that must be why it dipped...others must have taken your advice. I'll ride it out. But this has been a good ride.

    Can't believe the EE hiked the silver margin rate right in the middle of the day! Fucking bitch.

    But it definitely provided another BTFD opportunity. Just wish I could get outta work early to cruz over to Gainesville Coins and scoop up somemore coinage.

    Do you see even more BTFD opps for tomorrow or do you think it will quickly bounce back up towards 38 again?

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