I need a better sale price for silver. I wish they would knock it down to a dollar so I can load up. Seriously this shit has been all over the place this past day. Just keep stackin'!
This is a great article from M. Lundeen. http://www.gold-eagle.com/editorials_08/lundeen042411.html @SGS: In case of general default mining stocks would go down too right?...scary... what do you think?
@Jasper....I agree. In this PM market, rational, educated investing goes right out the window. As silver and gold go up, the miners tread water or go down. That makes sense, doesn't it? The entire stock market, in the last 2 years, has become a den of vipers.
Shorting today was ca-razy! $49.79 to $45.64. That's over an 8% drop when demand is insanely high and silver supply is so low that all major dealers are behind on orders.
"The LORD abhors dishonest scales, but accurate weights are his delight." Proverbs 11:1
always good to read the "other side" of the trade.. it sucks that there is no "safe" investment nowadays.. everything is speculation http://www.321gold.com/editorials/moriarty/moriarty042511.html
Hilarious - SGS has competition. Well done who ever is responsible. Some truth about our PM, our own personal crook who's got the population hoodwinked! http://www.youtube.com/watch?v=qItqs4HO6hc
I'm considering selling all my calls in mining stocks and going long AGQ - at least it's tracking silver which is heading up consistently and can't be manipulated like the stocks it seems. Any thoughts welcome. (FYI, I'd buy calls on the AGQ as the stock is quite a bit more than the mining shares.)
KWN's London Source: Asian Buying to Power Silver Past $100 Eric King's London source today stated that soon $3-$4 days in silver will be common and that Asian buying will power silver past $100. The volatility is beneficial if used correctly, as it provides opportunities to purchase physical silver at a significant discount, solely due to the momentum based selling of hedge funds. For those who have not yet pulled the trigger on their physical silver purchase this morning, we recommend you complete your purchase, as silver is already on the way north again, nearing $47.
From King World News: The London Source: “$3 to $4 dollar days in silver will become common, from now on $2 days will be considered slow. There will be a great deal of volatility going forward, but more often than not silver will close near the highs.” “Right now the silver shorts are being flushed out in Asian trading on light volume and we have options expiration ahead of us. 38,000 silver contracts are in the money and the question is how many will ask for delivery? As I mentioned to you previously, the Asians have also been taking delivery of silver out of SLV and will continue to do so. You have to understand that these Asian buyers are planning to take delivery of all of the available phyiscal silver they can get their hands on and will continue doing so for the foreseeable future.” When asked at what price the Chinese will stop buying silver the London source replied, “The Chinese want out of dollars and they will continue aggressively purchasing both gold and silver in order to diversify. They don’t care whether silver is $50, $60 or $100, they will just continue accumulating. The Chinese may be patient buyers, accumulating on weakness, but you can bet that their relentless purchases of physical silver will eventually push the price well over $100 an ounce.”
CME Hikes Silver Initial And Maintenance Margins By 9% Submitted by Tyler Durden on 04/25/2011 15:47 -0400
The world's most telegraphed call comes and goes, however since it has been priced in about 7 times already, has absolutely no impact on the price of silver. And yes, we were off by about 8 hours. Also, for those who observed this is the third margin hike in as many months (previously here and here) with neither doing anything at all to halt the price surge, you are absolutely correct.
Dent just posted his forecast - metals have topped and the dollar is about to go through a several year rally. I don't know how he came to this conclusion.
Regarding the commentary by Bob Moriarty, all I can say is that his first point is incorrect. Silver has not yet gone parabolic and even if it does, there would be a cause for concern only if the increase was due to speculation. At the moment, there is no indicator supporting this.
Regarding 2/3, I hope the gentleman would reveal his sources, more specifically, who performed the surveys and where does he get his information from.
Regarding point 4, I believe it's time for him to do some self-reflection. It's really funny he's talking about arrogance.
Regarding point 5, funny he should mention Eric Sprott, is it the same Eric Sprott that has warned of silver shortages?
http://www.youtube.com/watch?v=T2w7wGwUZ9Y
Overall Verdict: Gibberish. I don't mind reading the "other point of view", but can it be from "experts" who can write a coherent piece that is not self-contradictory.
Been buying my silver here (Germany): http://www.anlagegold24.de/Gold_und_Silber_Barren_und_Muenzen_Silbermuenzen.html
Click thru the different coins. EVERY FRACKING COIN is sold out! They are one of the biggest online coin shops in Germany. Even the Philharmonics were sold out yesterday: they got a new load of 3000oz over night ... are 1300 left. Even the kilo coins and the chinese ones with the crazy premiums ... GONE!
BTFD!!!! Holy Shit what a roller coaster today. This is awesome. Just when you think its gonna hit $50/oz, Blythe steps in and offers another Silver Bullion Sale to the public. That woman knows exactly how to please her men.
No wonder The Dimon is still there, if she can suck the price out of silver that fast, just imagine what she could do....
We had the GLOOM and then the BOOM. Now we're DOOMED.......
The tape today was a nightmare scenario but I expect the criminal banking system to win this one. You don't think the average Joe is going to get anywhere do you?
Good luck all. Go ahead DELETE ME. We are all DELETED now! Survival time.
WeatherUnit is a fucking shill. If silver tanks to $20/oz, I'll buy 10,000 oz that day. If it goes to $10/oz I'll buy 50,000 oz that day.
But it wont. So I wont be doing that. What I will be doing is buying Silver and Gold on a 50/50 ratio from here on out. 30 oz of silver for every 1 oz of gold is the way to go.
WeatherUnit, as you can all see, is clueless as to what is about to happen with the US$, silver, and gold. He freaks out when silver draws a $3.00 increase in 48 hours, then drops back to its friday close... please... homie, you trippin.
Get the fuck off SGS' blog until you have something intelligent to bring forth to the table.
lol News Unit isn't a shill he is just a douche bag. I love this we can rip on him all we want and he can't respond because he is at his limit....developing....
Anyone with spread trade experience who is familiar with the silver market? What trades would you place with 100k? Short term, with a high risk tolerance?
I have been buying since 13$ back in 08, but why the hell isnt gold going up, The ratio for silver/gold is getting close to the 20's.
ReplyDeleteAll I know is I'm losing a shitload on mining shares and my mining puts. I should be getting laid by the hour with a pound of coke by my nightstand.
ReplyDeleteWelcome to the land of PM where up is down and BS is daily...
...developing...
I hear you Jasper... F'n Bs!
ReplyDeleteI need a better sale price for silver. I wish they would knock it down to a dollar so I can load up. Seriously this shit has been all over the place this past day. Just keep stackin'!
ReplyDeleteThis is a great article from M. Lundeen.
ReplyDeletehttp://www.gold-eagle.com/editorials_08/lundeen042411.html
@SGS: In case of general default mining stocks would go down too right?...scary... what do you think?
security = PMs
@Jasper....I agree. In this PM market, rational, educated investing goes right out the window. As silver and gold go up, the miners tread water or go down. That makes sense, doesn't it? The entire stock market, in the last 2 years, has become a den of vipers.
ReplyDeleteFTS.
Shorting today was ca-razy! $49.79 to $45.64. That's over an 8% drop when demand is insanely high and silver supply is so low that all major dealers are behind on orders.
ReplyDelete"The LORD abhors dishonest scales, but accurate weights are his delight." Proverbs 11:1
Praying for reckoning, JPM and HSBC!
always good to read the "other side" of the trade.. it sucks that there is no "safe" investment nowadays.. everything is speculation
ReplyDeletehttp://www.321gold.com/editorials/moriarty/moriarty042511.html
Hilarious - SGS has competition. Well done who ever is responsible. Some truth about our PM, our own personal crook who's got the population hoodwinked!
ReplyDeletehttp://www.youtube.com/watch?v=qItqs4HO6hc
I'm considering selling all my calls in mining stocks and going long AGQ - at least it's tracking silver which is heading up consistently and can't be manipulated like the stocks it seems. Any thoughts welcome. (FYI, I'd buy calls on the AGQ as the stock is quite a bit more than the mining shares.)
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteKWN's London Source: Asian Buying to Power Silver Past $100
ReplyDeleteEric King's London source today stated that soon $3-$4 days in silver will be common and that Asian buying will power silver past $100. The volatility is beneficial if used correctly, as it provides opportunities to purchase physical silver at a significant discount, solely due to the momentum based selling of hedge funds.
For those who have not yet pulled the trigger on their physical silver purchase this morning, we recommend you complete your purchase, as silver is already on the way north again, nearing $47.
From King World News:
The London Source: “$3 to $4 dollar days in silver will become common, from now on $2 days will be considered slow. There will be a great deal of volatility going forward, but more often than not silver will close near the highs.”
“Right now the silver shorts are being flushed out in Asian trading on light volume and we have options expiration ahead of us. 38,000 silver contracts are in the money and the question is how many will ask for delivery?
As I mentioned to you previously, the Asians have also been taking delivery of silver out of SLV and will continue to do so. You have to understand that these Asian buyers are planning to take delivery of all of the available phyiscal silver they can get their hands on and will continue doing so for the foreseeable future.”
When asked at what price the Chinese will stop buying silver the London source replied, “The Chinese want out of dollars and they will continue aggressively purchasing both gold and silver in order to diversify. They don’t care whether silver is $50, $60 or $100, they will just continue accumulating. The Chinese may be patient buyers, accumulating on weakness, but you can bet that their relentless purchases of physical silver will eventually push the price well over $100 an ounce.”
CME Hikes Silver Initial And Maintenance Margins By 9%
ReplyDeletehttp://www.zerohedge.com/article/cme-hikes-silver-initial-and-maintenance-margins-9
CME Hikes Silver Initial And Maintenance Margins By 9%
ReplyDeleteSubmitted by Tyler Durden on 04/25/2011 15:47 -0400
The world's most telegraphed call comes and goes, however since it has been priced in about 7 times already, has absolutely no impact on the price of silver. And yes, we were off by about 8 hours. Also, for those who observed this is the third margin hike in as many months (previously here and here) with neither doing anything at all to halt the price surge, you are absolutely correct.
http://www.zerohedge.com/article/cme-hikes-silver-initial-and-maintenance-margins-9
Dent just posted his forecast - metals have topped and the dollar is about to go through a several year rally. I don't know how he came to this conclusion.
ReplyDeleteany comments on the link that unthoughtknown posted
ReplyDeleteRegarding the commentary by Bob Moriarty, all I can say is that his first point is incorrect. Silver has not yet gone parabolic and even if it does, there would be a cause for concern only if the increase was due to speculation. At the moment, there is no indicator supporting this.
ReplyDeleteRegarding 2/3, I hope the gentleman would reveal his sources, more specifically, who performed the surveys and where does he get his information from.
Regarding point 4, I believe it's time for him to do some self-reflection. It's really funny he's talking about arrogance.
Regarding point 5, funny he should mention Eric Sprott, is it the same Eric Sprott that has warned of silver shortages?
http://www.youtube.com/watch?v=T2w7wGwUZ9Y
Overall Verdict: Gibberish. I don't mind reading the "other point of view", but can it be from "experts" who can write a coherent piece that is not self-contradictory.
Been buying my silver here (Germany):
ReplyDeletehttp://www.anlagegold24.de/Gold_und_Silber_Barren_und_Muenzen_Silbermuenzen.html
Click thru the different coins. EVERY FRACKING COIN is sold out! They are one of the biggest online coin shops in Germany. Even the Philharmonics were sold out yesterday: they got a new load of 3000oz over night ... are 1300 left. Even the kilo coins and the chinese ones with the crazy premiums ... GONE!
Freakin' APMEX just sent me an email wanting to buy American Eagles $3 over spot! Damn.
ReplyDeleteYou know, I personally hope China doesn't give a $#!t about margin hikes and buys the crap out of this ridiculous dip.
BTFD!!!! Holy Shit what a roller coaster today. This is awesome. Just when you think its gonna hit $50/oz, Blythe steps in and offers another Silver Bullion Sale to the public. That woman knows exactly how to please her men.
ReplyDeleteNo wonder The Dimon is still there, if she can suck the price out of silver that fast, just imagine what she could do....
We had the GLOOM and then the BOOM. Now we're DOOMED.......
ReplyDeleteThe tape today was a nightmare scenario but I expect the criminal banking system to win this one. You don't think the average Joe is going to get anywhere do you?
Good luck all. Go ahead DELETE ME. We are all DELETED now! Survival time.
The Battle of Silver Bull Run has Ended
Hey, WeatherUnit, stick it where the forecast is always not sunny....
ReplyDeleteI LOVE BLYTHE TODAY!
ReplyDeleteNews Unit you forgot to add 'the d word' to your post.
The Weather UNIT, do you realize Silver has been a currency in China for 2000+ years, gold and silver are highly valued as a store of wealth.
ReplyDeleteIf silver goes and crashes in price, I will buy it buy the truck load, hell I will sell my house and buy it all up.
If you know the end game, which you clearly do not, you wouldn't be writing the trash you are.
Sell me all your silver, make me the greater fool.
Reverse Inquiry Ampex will Buy Your Silver Eagles Any Quanity $3 over Spot!
ReplyDeletehttp://silverliberationarmy.blogspot.com/2011/04/reverse-inquiry-ampex-will-buy-your.html
WeatherUnit is a fucking shill. If silver tanks to $20/oz, I'll buy 10,000 oz that day. If it goes to $10/oz I'll buy 50,000 oz that day.
ReplyDeleteBut it wont. So I wont be doing that. What I will be doing is buying Silver and Gold on a 50/50 ratio from here on out. 30 oz of silver for every 1 oz of gold is the way to go.
WeatherUnit, as you can all see, is clueless as to what is about to happen with the US$, silver, and gold. He freaks out when silver draws a $3.00 increase in 48 hours, then drops back to its friday close... please... homie, you trippin.
Get the fuck off SGS' blog until you have something intelligent to bring forth to the table.
lol News Unit isn't a shill he is just a douche bag. I love this we can rip on him all we want and he can't respond because he is at his limit....developing....
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteAnyone with spread trade experience who is familiar with the silver market? What trades would you place with 100k? Short term, with a high risk tolerance?
ReplyDeleteSGS, The community has agreed we want to tar and feather these shills.
ReplyDeleteUncharted Thoughts: I clearly don't have a clue. Thanks for reminding me now and then because I seem to forget at times.....developing...
ReplyDelete