Wednesday, March 30, 2011

Silver and Gold catching bid


Both metals catch a bid in the last hour. I guess the downgrading continues over in the EU zone. $US dollar looks iffy here, lets see what Ben can say today that may push it higher to squeeze some shorts, or else she's coming back down to 76 and beyond shortly. Catch you in the afternoon.

I am awaiting a call from the Pres. of Tinka. SO far nothing to worry about. In fact I'm hearing juicy rumors of something fabulous, because this management team is nothing but F-A-B! Still bidding mid .50's if by chance someone is dumb enough to sell them to me please do so today.
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16 comments:

  1. averagejoeMarch 30, 2011 at 8:55 AM

    GL on TK buddy
    I owe u if it takes off my man!!!

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  2. UnknownMarch 30, 2011 at 9:27 AM

    Looks like today will be a good one.
    Tinka will be my little jackpot!

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  3. Adam ChalmersMarch 30, 2011 at 9:40 AM

    USSIF is another good one we should all be looking at. Fortuna Silver (FVITF) might be worth a look too. Good luck everyone!

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  4. Adam ChalmersMarch 30, 2011 at 10:26 AM

    Just heard Roger Weigand on Jay Taylor's "Turning Hard Times Into Good Times" podcast. He said by Friday we'll be off and running again. He's got positions going until June and December. Sound like he knows things will slow down in the summer and pick up again in the fall for the metals.

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  5. Dr. JeromeMarch 30, 2011 at 11:00 AM

    SGS,
    Your revolver map is very nice! well done to include this. Makes us feel like we are not alone in the world.

    ReplyDelete
  6. unthought knownMarch 30, 2011 at 11:15 AM

    seriously..it takes balls of steel to stay invested in silver..the manipulation and volatility is absolutely ridiculous while we watch the Dow go up every day...sure doesnt feel like silver has outperformed the Dow...

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  7. zepsterMarch 30, 2011 at 11:19 AM

    And back down... must be more shorting or buy offs...

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  8. SRSroccoMarch 30, 2011 at 11:20 AM

    SAN FRANCISCO MINT TO START PRODUCING US SILVER EALGES

    Because of the continued unprecedented demand for American Eagle silver bullion coins and an increased numismatic production load at the West Point Mint, some American Eagle production is being shifted to the San Francisco Mint.

    Tom Jurkowsky, director of the U.S. Mint’s Office of Public Information, confirmed March 23 that trial strikes are currently being produced at the San Francisco Mint, with full-scale, temporary production to begin sometime in May.

    ...“Demand for silver bullion remains at unprecedented levels,” Jurkowsky said.

    “If it continues at the rate we have seen over the last two months, it could reach a level of between 45 million and 50 million coins in calendar year 2011.

    Well, it looks like the US MINT is going to try and meet demand going forward. If US SILVER PRODUCTION remains flat iin 2011 it will be at about 40 million ounces....not enough to supply our own silver eagle demand.

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  9. mockraMarch 30, 2011 at 11:29 AM

    mr SGS - when you post the other half of that chart now, can you draw me sitting front row on a rollercoaster and violently puking everywhere? lmao. what a freaking joke. meanwhile NFLX and CMG are on fire!

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  10. AnonymousMarch 30, 2011 at 12:14 PM

    http://www.zerohedge.com/article/third-largest-producer-silver-says-production-now-totally-paralyzed-following-week-long-stri

    I hope SGS comments on this. In the present Bizarro world, does this explain why silver will go to 5$/oz? LOL!! His Tinka call is looking better all the time.

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  11. jaws136March 30, 2011 at 2:32 PM

    Lots of red on SLV volume in last 45min. Not high volume but spot is not being taken down like usual, hmmm mostly POS follows their volume buy/sells dam near tick for tick up and down

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  12. JPDGMarch 30, 2011 at 3:24 PM

    This comment has been removed by the author.

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  13. JPDGMarch 30, 2011 at 3:47 PM

    Gah, it's so hard to be positive in this market. Will silver increase if they continue to short like crazy?!

    Grrrrrrrrr!!!!

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  14. Dr. QMarch 30, 2011 at 4:07 PM

    SELL SELL SELL Silver Jim Cramer making bullish comments on physical, LOL Bad Omen???

    http://seculartrends.blogspot.com/2011/03/this-could-be-really-bad-omen.html

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  15. jinglejang jangyMarch 30, 2011 at 5:51 PM

    Hey all. In california and would like to know of a good company to start an investing account with. I would like to buy Tinka stock and whatever else but I don't know where to start.

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  16. ChinChillablesJuly 31, 2011 at 12:11 PM

    http://ProtoProtoss.net the guy there talks about some gold/silver he gets from some auction extremely cheap and shows how much he paid. On the right I saw he paid like 2 bids which is $1.20 and won a $277.00 bar of silver.

    ReplyDelete

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