Friday, April 1, 2011

April Fools day

Dont be fooled out of your longs today. I will be here with my popcorn watching.

30 comments:

  1. This morning when I brought Blyght her regular breakfast; A Pepcid AC and A BabyTearTini, she said that she has realized that it is wrong to artificially manipulate the price of silver and that she's going to let the natural price be reflected on the exchanges from now on. I knew that it was an evil April Fools Day joke.

    ReplyDelete
  2. phony jobs number brings down gold & silver

    http://seculartrends.blogspot.com/2011/04/current-real-unemployment-is-16.html

    ReplyDelete
  3. I knew this was gonna fucking happen today. I guess I can buy more CDE calls at the June $45 strike. Nothing like dollar cost averaging.

    ReplyDelete
  4. Silver supplies are TIGHT! I bought a 'monster box' a couple weeks ago, and it was delivered today. Sort of. I received the front end of a Tomahawk missile as a substitution of equivalent value. I am taking the thing apart to make sure all the silver wiring weighs 500 oz, and so far I found this silver bullet-shaped thing that looks like something Blyght might have once owned, and

    SIGNAL LOST TIMEOUT ACTIVATED

    ReplyDelete
  5. Fooled out of our longs? More like BTF(fools)D

    ReplyDelete
  6. i have a dilemma and i want to get others opinions on it. I have a selfdirect precious metals ira with gold/silver worth roughly 40,000. Im considering taking delivery of the gold/silver NOW, before the price explodes. I figure this way i save on taxes, have possession of the metal...and i can pay back uncle sam with his funny money....good idea/bad idea?

    ReplyDelete
  7. Gold, silver coins now officially legal tender in Utah

    Utah's tax code says U.S. Mint issued gold and silver coins are currency, rather than assets taxable by the state.

    Author: Dorothy Kosich
    Posted: Friday , 01 Apr 2011

    RELATED STORIES Utah Legislature sends strong gold standard message to Washington


    RENO, NV -

    Utah Gov. Gary Herbert last week quietly signed a law which has made Utah the first U.S. state to recognize federally issued gold and silver coins as legal tender.

    However, the governor chose not to make any public statement about the Utah Legal Tender Act.

    Utah's state tax code now considers U.S. Mint gold and silver coins as currency, which means no capital gains or other state taxes will be levied when the coins are exchanged. However, the gold and silver coins are still only worth their face value despite record gold and silver prices.


    One....they won't charge captial gains.

    Two.....the coins are only worth their FACE VALUE?? That won't fly long.

    Anyhow this is a step in the right direction

    ReplyDelete
  8. well that dip lasted long *rolls eyes*. i bought a few more mining shares yesterday, should have waited for today but im not sweating yet.

    ReplyDelete
  9. question sgs...my td ameri charts and marketwatch charts may indicate a delay in the trading of tkrff this morn.....was it and if so any reason of why?

    ReplyDelete
  10. freddi,

    you have to remember that tkrff is a pink sheet listing not sure if you are getting bid ask but i know that i'm not. the point is that the pink sheet vehicle isn't as good as the Canadian listing which trades under the symbol TK. try using the symbol TK or TK.V but then you have to also remember that these quotes are in Canadian dollars so you will have to adjust for that as well. hope this helps

    ReplyDelete
  11. thanks for the info.....but volume is high, the charts always start keeping "score" at the open , regardless of activity...this morn we didn't start keeping score till some time after 11 am....do you think this sounds like a pink sheet scenario or possibly something else?..once again appreciate any info, thanks

    ReplyDelete
  12. usd @ 75.97... implications of the 76 above/below even by .03?

    ReplyDelete
  13. i think it is a pinksheet issue. TK and TKRFF trade on different exchanges. If TKRFF doesn't have a trade then you won't get anything showing up on a chart even though TK is showing.

    ReplyDelete
  14. Freddi607: There were no trades at all on TKRFF until 11:15..... TK opened flat with a big trade and then nothing for more than an hour.

    ReplyDelete
  15. Hey guys SSRI has been making new highs these 2 days, while the rest of the miners like SLW are pretty quiet. SSRI is leading the pack.

    ReplyDelete
  16. Gold and Silver coins at Face value? If the new silver dollar equates to about 2000 of the old non-silver reserve note, then fine.

    ReplyDelete
  17. thats what i was seeing b....but always like input from others.....i was thinking there was news that caused the delay...hoping it was good news...but than abnormal seems to think it may be a pink sheet issue, which i could agree, or simply stubborn bidders and stubborn askers...

    ReplyDelete
  18. April fools? I love these ANALysts.

    Sucky Pooper of Barclays Crapital:)


    http://money.ca.msn.com/video/?cp-documentid=ba355ca8-445b-40e3-bf7f-b04e4e2f6851

    ReplyDelete
  19. @Devin I just wanna be like, "Are you a sucky baby? Whose a sucky baby?"

    ReplyDelete
  20. Allan,

    Silver Standard are selling another part of their stake in Pretivm (PVG.TO). Well, Pretivm have been listed since last Christmas, and if you take their market cap into account, Silver Standard should have long traded higher.

    The issue here is that Silver Standard had part of a huge gold resource in northern BC (called 'Brucejack' and 'Snowfield'), but thanks to the silver hype, nobody looked at their gold assets. So they spun it off as 'Pretivm Resources', but still people didn't figure it out.

    Silver Standard had to actually sell some Pretivm to demonstrate how much it is worth. Long live the efficient market.

    Victor

    ReplyDelete
  21. Looks like mining stocks (SLW, PAAS) are taking a hit from high fuel prices. I could be wrong on that, but their pullback is rather unusual considering AG is holding its ground so. I'm still long on mining stocks. Any thoughts?

    ReplyDelete
  22. My dog juniors, KBX & MFN, showed some good gains this week, as did our host's fave. Could be speculative money moving to the beaten down junior group from the major and medium tiers? Perhaps because it's buyout season or the street is coming to the realization that Ag & Au spots are staying high in the face of the short sellers' machinations.

    ReplyDelete
  23. Seriously, when did this become the talk about your juniors blog?

    ReplyDelete
  24. Has silver ever closed higher in the last three decades than today?

    ReplyDelete
  25. Whoa SGS, just got back from dinner. Why the hate my way in your last entry? My post was just a response to a poster wondering about his juniors. If I recall you're a big booster of Tinka. It's had a nice run, almost nice enough to start considering laying the keel for your new boat. I don't think it's 1999 again ala internet stocks, but it would be nice to see some BreX runups before this summer's doldrums

    ReplyDelete
  26. Jon: This is not a stockhouse.ca board for juniors. If people want to talk about other juniors, go there and do it. I can talk about whatever I feel, including juniors I have done extensive research on, and am in Bed with management.
    Most other posters come on here b/c of the volume of my blog and think by spamming my blog people will buy those juniors. Its annoying, and I usually delete it, as I could care less about other juniors that I'm not in or do not have relationships build with insiders. Trust me, You only need a grand slam once a year, you dont need 25 juniors in a portfolio.

    ReplyDelete
  27. Victor,

    Thanks for sharing on Silver Standard!

    Cheers

    Allan

    ReplyDelete
  28. Believe me, trying to convince someone to buy KBX or MFN was the last thing on my mind. The only reason I bought them was several years ago (~2007), they were thought highly of by Puplava and Dooty and I liked the PM price action and had some speculative $'s to play with and both companies had real ounces in the ground which is, imho, the second most important metric (inside info would be the first by far) if one remembers what Twain said about mines being holes in the ground owned by liars. Though SLW has a literal license to print money as long as the miners they've contracted with honor their contracts, it's a roller coaster of a stock too.

    Before I become at risk of talking my own book too much, please be aware I did take your advice and bought some TKRFF after doing my own DD and will tip you accordingly upon closing out my position.

    ReplyDelete