Thursday, April 14, 2011

SLV 2013. No comment, self explanatory.

41 comments:

  1. I still have no idea how to read this chart and what it means.

    OI looks high and volume is low? = blythe needs wash her quim?

    i really dont know wtf

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  2. Same question here SGS, whats does this mean in layman's terms?

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  3. silver at controlled prices hasn't even hit $50 and if true inflation adjustment should be well over $100 and we still get msm talking
    trash..just plain paid for shills also Congress and their constant back and forth ...just a cover for their looting of the treasury...top down need to be dealt with in a very harsh manner...no respect for any of them.. anywhere and especially in public forums they need to be shouted down ...only a misdemeanor as you go out shouting disrespect for the thieves

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  4. Could this sentiment have anything to do with it?

    http://seekingalpha.com/article/263433-iceberg-ahead-fate-of-the-u-s-dollar-titanic-sealed-by-last-week-s-budget-deal?source=yahoo

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  5. Hey SGS,

    Does options expiry generally have a negative impact on silver prices?

    IS

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  6. A book I like is Options, Futures and Other Derivatives by John C. Hull.

    Here are a few YouTube videos that might be helpful:

    http://www.youtube.com/watch?v=o6AcWm53nZU

    http://www.youtube.com/watch?v=pqrhfHU8wFY

    http://www.youtube.com/watch?v=uMqvAbgmwvU

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  7. How does one buy silver options? I trade options on silver stocks (SLW) and ETFs (SLV), but I'm not sure how to trade silver commodity options directly. Any advice is greatly appreciated.

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  8. Alas, it is now perfectly clear why Henry Ford said this:

    "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."

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  9. Max Keiser had a nice lengthy recent telephone interview and had a nice recap on the JPM, etc...

    How J.P. Morgan Corrupts Capitalism

    I don't know what to say about an options chain that shows into 2013. I think the best thing to do is call one of the EBAY power sellers from New York. You might find out some rather frightening inside information depending on how you are positioned. If you have physical, then your not scared.

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  10. Thats net 45k OI on a $45 strike, someones bullish. LOL

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  11. One of the reason for Dollar index going down and silver up.

    Dollar is doomed.
    http://indiawheretoinvest.blogspot.com/2011/04/us-gets-new-hit.html

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  12. The TSA lied! What's new? They are all liars! JPM, GS, US Gov't, Canadian Gov't, etc.

    TSA Lied

    Silver: There is no reason we cannot finsih the week above $45.00 or at least break though it at some point here. And don't be surprised to see $3-$5 swings each way. We could see $39 this week followed by $47 the next. Hang tight!

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  13. If options expiration is on Saturday I would expect silver to get beat down fairly heavily tomorrow. Perhaps it's a good day to get in on a later option or LEAP.

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  14. Loss of 1.33 million kilograms of silver-This is about to get serious if true!


    Will Silver Surge Following The Nationalization Of Bolivia's Silver Mines By Embattled President Evo Morales?
    Submitted by Tyler Durden on 04/14/2011 14:05 -0400

    Nationalization Precious Metals


    Two weeks ago the precious metals space was closely following the fate of Sumitomo's San Cristobal mine, where a long strike had paralyzed work at the world's third largest producer of silver and sixth-largest producer of zinc. While the strike was eventually resolved with concession to the domestic workers, a far more troubling report from Bolivian daily La-Razon states that Bolivia's president Evo Morales is now planning on expropriating zinc, silver and tin mines sold off by previous governments. Bloomberg reports that "Morales will announce a decree May 1 to “dismantle the privatization model,” said Nicolas Fernandez, a spokesman for state mining company Corp. Minera de Bolivia, known as Comibol. "The government is recovering all the privatized companies,” Fernandez said today in a telephone interview from La Paz. “When the decision is taken, Comibol will be ready to manage these mines.”" Among the contracts to be affected are those with Glencore International AG, Pan American Silver Corp., and most importantly, Coeur d’Alene Mines Corp., which is operator of the San Bartolome mine: the world's largest pure silver mine. Notably San Bartolome and Sumitomo's San Cristobal "account for about 83% of the nearly 1.1M tons of fine silver Bolivia produced in 2009, according to Mining Ministry data" according to The Gold Report. If indeed this news is proven true, and we will know for sure in 16 days, looks for the price of silver to spike considering about 1.33 million kilograms of silver was produced in Bolivia 2009, according to the U.S. Geological Survey: an amount which will likely fall off a cliff following the utter chaos that is unexpected nationalization.

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  15. SGS,

    With Bolivia nationalizing mines, is Peru perhaps the next domino??

    And what impact would this have on TINKA?

    Awaiting your analysis...

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  16. SGS,
    Ol i(can't find my dick)Flash was in here beating in his chest the other day when silver was around 39.70 claiming did he make the right choices etc. Looks like after today he did make the wrong choice.. Notice how the douche hasn't been in here today.. What excuses is he going to make when silver hits 50.00 in the next 3 weeks?

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  17. Jeez silver is kicking ass today. Looks like will be at $42 before days end.

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  18. I'm calling for a South American Silver Cartel and for prices to immediately go to $200/oz

    Will Silver Surge Following The Nationalization Of Bolivia's Silver Mines By Embattled President Evo Morales?

    http://www.zerohedge.com/article/will-silver-surge-following-nationalization-bolivias-silver-mines-president-evo-morales

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  19. it doesn't matter what the price is as long as you hold it in your hand! PHYZZ ON THE DIPS!

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  20. can anyone explain the chart please?

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  21. 1. Who\what is "Blythe" in the sentence "Today I hate Blythe!" ?

    2. ???
    I dont understand the graph, does it imply that silver will alternate between 41 - 45 until year 2013 ?

    3. Profit

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  22. Peder: Blythe is God in the world of commodities and silver shorts.
    This chart demonstrates that people are betting that the SLV silver trust will be going a lot higher.
    Profit-no idea how or that you mean by leaving that word.

    I will explain the options charts tonight in my commentary.

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  23. Annnnnnnd $42.14 silver, bitchez!!!

    Mwahahaha!

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  24. OOOOOOOOOOOOOOOOOOO YYYYYYYYYYYYYYEEEEEEEEEEEEAAAAAAAAAAAAHHHHHHH!!!!!!!!

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  25. NEM & AEM - These companies are making gobs of money - what's up with the stocks?

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  26. This comment has been removed by the author.

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  27. Seriously, when are the stupid bastids and biotches at JPM going to cover their 25,000 unbacked short contracts. This high AG price is gotta feel like pulling out their nutsack hairs to them. I seriously think they are NOT going to cover ANY of their COMEX contracts and huge amount of naked OTC shorts and just let this turkey rot until the COMEX defaults. Then JPM will ask their Masters (THE US GOVT. and THE FED) to bail their panzy asses out. They know the COMEX is going to fail and then the LBMA will go to and SLV and GLV will crash to pennies.

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  28. hey just curious what kid of prices you guys are pickin up silver morgans for right now? just curious

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  29. Max Keiser says the pressure for JPM is $47, supposedly they have commitments at that level with obligations tied to shares of the company if I understand him correctly

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  30. This is a pretty good deal on silver, until they hike the price.. US Proof Silver Coins..90% $2.10 in coins Five Dollars in minted coins plus a nickel and a penny..lol At 42.00 spot that makes over $63.00 in melt value plus the rest of the coins ! If silver keeps going up, they will probably raise the price shortly.. So sixty eight dollars worth in coins..

    http://catalog.usmint.gov/webapp/wcs/stores/servlet/ProductDisplay?catalogId=10001&storeId=10001&productId=16216&langId=-1&parent_category_rn=10211

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  31. For those that dont understand why the miners are not moving exponetially higher let me explain. There's a significant Pair Trade on thats short the miners and long the paper. Until this unwinds, the miners will not participate to the extent that they should.

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  32. WHAT A DAY

    Yesterday in one of my posts here in which I lectured about the falling EROI, I mentioned this:

    On Top of that, we will have nationalization of mines like you have never seen before. Why? Because silver and gold will be money again and not some lame industrial metal that westerners can loot from third world nations.

    How IRONIC Evo Morales, President of Bolivia announces the dismantling of the privitation model on May 1st, today.

    I would not be surprised to see PERU at some time follow suit....hell they border each other. Few realize the potential Trade wars and nationalization that will occur when the Dollar finally dies and rolls over.

    Bolivia and Peru will be mining MONEY, whereas the United States only exports derivatives and paper dollars. A LOSE...LOSE scenario.

    Also, we have had several news stories today that the Japanese govt may be thinking about moving the Capital from Tokyo to possibly Osaka or another city.

    I really think things will really fall apart within the next 2-3 months. If those DUMBASSES over in the Japanese govt don't get some BALLS and start really dealing with the Fukushima problem, the west coast will get a good dose of radiation over the long haul. So much for California being the Produce State.

    I see a great deal of NORMALCY BIAS going on....and it ain't good for ya.

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  33. MikeS,

    How and when will this unwind?

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  34. Malcolm, If I knew that I'd be wrting this from my island in the Caribbean. I would say that when algos go wild and the paper goes apeshit paraboic the naked shorting of miners might begin to unwind as money begins to really chase the stocks as a proxy for the metal. JPM is losing the paper silver batle and they are the big miner short.

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  35. @MikeS - I've seen that trade mentioned before, but I don't understand the logic behind it.

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  36. zepster, Mike correct me if I'm wrong, but it seems that the EE, new that historically in times like these both Au, Ag and PM miners all rise. In an attempt to keep real money down, they have not only naked shorted PM's and miners but created SLV and GLD, to drain liquidity from PM stocks and physical. There are also hedge funds that hold significant short positions.

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  37. @malcolm - I can see the govt doing it, but it seems an illogical trade which is why I wonder why hedge funds would it.

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  38. Here is a good site to calculate junk silver (90% silver coins)
    http://www.coinflation.com/coins/silver_coin_calculator.html

    I am holding off on buying silver right now, thinking this rise is a little fast and bubble-ish... maybe wrong, but too many things in play to be sure this is a continuous growth with no low upcoming? Please enlighten me, I am just on the fence right now.

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  39. Horsyguy: by waiting (just this night), you're going to pay more. You need to watch all of the bear "movies"

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  40. I appreciate your post, thanks for sharing the information about this topic, i want to hear more about this in future

    options trading

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