Wednesday, March 23, 2011

Paging Blythe, Please explain what the fuck is going here, paging Blythe

Ah yes, irrational exuberance into the April 16 calls contracts. Maybe b/c there is going to a major problem in the May delivery at the Crimex for silver? hummmm....this volume gets me erect.


Yes I am off the fuckin charts today with this xrated post. It was a great day. Have a beer to this one, try and get laid tonight, b/c we have now entered enemy territory - and there will be repercussions.
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14 comments:

  1. BaustiMarch 23, 2011 at 9:13 PM

    I know I have lots and lots to learn...but why so excited about the "volume"? In simple terms, what does the "volume" telling you. I hope to not get whipped too bad. :(

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  2. ColoradoGuyMarch 23, 2011 at 10:07 PM

    There's a dick on your chart.

    Only 8% of kids do it.

    That is all.

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  3. silvergoldsilverMarch 23, 2011 at 10:32 PM

    Bausti: More volume means more people are placing bets that the price will increase in the future. People buy puts for the opposite. Either Blythe is setting up an humongous trap, or we are going to $45 by mid summer.

    Justin: Fantastic stat. I love stats.

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  4. kunakunaMarch 23, 2011 at 10:54 PM

    Given all the bs blythe has pulled in the past, how can you be so sure the volume is so positive? Someone has the other side of those trades, no?

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  5. sierra_hpbtMarch 23, 2011 at 11:05 PM

    lmaooooo.. self portrait?

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  6. sierra_hpbtMarch 23, 2011 at 11:06 PM

    I think we see 50.00 by May 1.

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  7. silvergoldsilverMarch 23, 2011 at 11:30 PM

    "Someone has the other side of those trades, no? "

    Yes and no. Writing a call doesn't necessarily mean they want silver to go down.

    options have way to many hedges to point to one action, but as far as I can see, people are hedging more to an upside risk then a downside risk, for now.

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  8. BaustiMarch 23, 2011 at 11:40 PM

    Thanks SGS, that helped alot. Seems to me the genie is out of the bottle...so to speak...and the harder Blythe JPM et. al trys to get it back in... the worse it gets for them! So, bring it on! :)

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  9. PeteMarch 24, 2011 at 12:06 AM

    Where is that dipshit David Morgan with his 20% correction?
    Morgan=dumbass.

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  10. AnonymousMarch 24, 2011 at 12:08 AM

    SGS,

    Nice drawing. Reminds me of my son's artistic attempt using the zero turn lawn tractor. He thought it was hilarious to turn the outlot next door into a pc of male exotic art. Question, I keep an eye on the book on the for silver and gold. The two things that I see are the splurges of selling that show up on charts obviously when you look at the one minute bars and then also I see not so obviously the road blocks that I see on the book. For instance, today at the globex close on gold I saw over 200 contracts for sale at 1438.5 and then another 400+ contracts for sale at 1439. Is the manipulation or just "normal" occurences?

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  11. NTMarch 24, 2011 at 12:18 AM

    HAHAHAHAHAHAHAHAHA fukme, I have coffee coming out my nose- thanks mate.

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  12. sierra_hpbtMarch 24, 2011 at 12:41 AM

    Pete,
    my thoughts exactly.. Morgan is a TOOL. Tho not quite as big as SGS masterpiece!

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  13. georgeMarch 24, 2011 at 7:48 AM

    Morgan 20% correction.
    SGS 20 cm erection.
    one of these guys has it figured correctly.

    ReplyDelete
  14. footballerMarch 24, 2011 at 11:59 AM

    .... certainly does not look like bad news for Blythe:

    "On March 15, 2011, the Commodity Exchange (COMEX) and the New York Mercantile Exchange (NYMEX) advised the CFTC that they had approved J.P. Morgan's application to become a licensed vault facility, using a "self-certification" process. The newly licensed vault, located at 1 Chase Manhattan Plaza, NY, NY, is ready to roll as both "weighmaster" and depository, for delivery of gold, silver, platinum and palladium contracts, as of March 17, 2011, two days later."

    http://seekingalpha.com/article/259549-will-jp-morgan-now-make-and-take-delivery-of-its-own-silver-shorts?source=feed

    They've got you by the balls...they just deliver tungsten stuff all day.

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