Tuesday, May 10, 2011

Full Tilt, Silver banging MA, $US banging MA

Okay...technically speaking (which really has little merit these days) but should be covered, are the silver chart and the $US chart (see below).



Both charts look to be fighting the MA. I would have loved a big candle through the MA on silver, this did not happen today. I would be very cautious till we are north of $40 and hold there for over a week.

I also promised a fellow blogger that I would recommend his site. He sells "crash banksters buy silver" t-shirts. I can assure you I am not being compensated for this. I do good deeds for hard working people at no cost. Charging someone for the same fight we are fighting to me would be preposterous and would only make me look like a banker myself.

Click here to see this...


Thank me lots!

Things are more positive in the metals. Sorry to cut this short, I have to go deal with police officers, insurance agents, adjusters, faggots, criminals, and thieves.

111 comments:

  1. they didn't get your silver I hope?

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  2. Ha Ha Ha.... we just hit $39/oz... should be $70/oz right now...but we all know thats comin before Sept.

    The U.S. Dollar is gonna have one hell of a summer.

    $5.00 gas = NOBODY DOIN SHIT FOR SUMMER VACATION.

    As bad as it will be, I am praying for the USD collapse, and Im chillin here in in California, Bay Area. I seriously hope this fucker tanks soon. Gold and silver will skyrocket, and those that didnt listen will be eatin their words for dinner. Got a nice grab last week of silver... 400 oz @ $35 + shipping... im lovin it right now. Im thinkin of quittin my job soon so I can withdraw my Schwab account and buy a decent amount of gold to go with my silver stash. I got 6 months of dried food, 300 rounds for my shotgun, 500 rounds for my .44 Mag, and a grand total of 1267 oz Silver and 30 oz of gold. This truly is "The Decade of Epic."

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  3. what kind of job do you have high rise?

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  4. "Sorry to cut this short, I have to go deal with police officers, insurance agents, adjusters, faggots, criminals, and thieves".
    -you forgot 'CFTC COMMISIONERS'. Wait, that would be redundant...

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  5. HighRise;
    Good for you. You should get yourself a sailboat. Check out yachtworld.com for the expediter of your dreams.

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  6. @nig4life - I work full time as a bicycle mechanic, been buyin silver since it was $12/oz... buyin gold since it was $1200... I smoke a ton of weed, and drink my ass off whenever I get the chance. I hope that doesnt deter you from thinking I could have as much as I have, but I've been keen to this shit goin on for over a decade now. When 9/11 happened, I tripped the fuck out on mushrooms, and realized I was doin the wrong things with my money. Since then, I've hunkered down reclusive like, and bought a nice piece of property in the mountains of Santa Cruz, loaded up on munitions, and stockpiled anything and everything of any sort of value for a post collapse situation. Crazy? Yes. Very. Demented. Nope. Not yet. And when shit hits the fan, I'll do what I can to help others, but when push comes to shove, Im blastin. No questions asked.

    What do you do for fiat?

    I am so glad that I found a group of people that dont have to talk shit to get a point across. I love you all!

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  7. @Strannick - I hate the ocean. Bad times my friend. Bad times.

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  8. I'm somewhat curious of what people do in here.

    I'm in sales for a data security company.

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  9. Mike Maloney is a monetary historian, next to SGS I love this guy. Maloney is fucking Bang On and I'm trying to type after a bottle of wine - please check it out. Sorry SGS for slurrying my typing but I do not mean to undermine you in any way: at the 13 min mark http://www.youtube.com/watch?feature=player_embedded&v=_JI9UYeL6GA

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  10. I'm a big fan of your website - And gay.
    Could you skip the "faggots, criminals, and thieves" in the same
    breath. Greatly appreciated.

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  11. Highrise,

    I wondered if silver gold ratio drops to whatever liking are you going to trade for more gold ... I'm in diff boat, I bought more gold than silver four years ago bc, being completely naive, the main Yodas I was bowing to all favored gold by a lot ... I caught up and bought silver but 75% of my stash is gold.

    Anyhow, I have been to santa cruz--home of the banana slugs! beautiful place.

    http://legendsrevealed.com/sports/wp-content/uploads/2009/06/uc-santa-cruz-798804.jpg

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  12. hey 2pac,

    I coach hs hoops, write, and don't own a car in seattle haha--bike everywhere in rain... I make no money but learned to save better than my 4 sibs who make 5=10xs more, but they all have kids, and none own metal; they think im a CT but love me too!

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  13. Colin... its like this...

    In terms of how I'd split the
    purchase, I'd base it on the Gold/Silver ratio as follows:

    35 to 31 - 20% Gold, 80% Silver
    30 to 26 - 50% Gold, 50% Silver
    25 to 21 - 80% Gold, 20% Silver
    20 and below - Buy 100% Gold

    Once the ratio gets below 20:1, convert all silver into gold and lock in the real "money" price. If you got some left over, and its still good to have, save any and all silver you have. I want to get to a ratio of 60% gold, 40% silver by the time shit hits the fan.

    Thats how im rollin from here on out.

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  14. Check out my GOT SILVER? shirts on ebay. I live in Northern California and work as a general contractor by day and a screen printer after work to make some extra fiat. If anyone need any t-shirts silkscreened I would love the extra buisness. I bought my first ounce of silver at $18 liquidationconnection@hotmail.com

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  15. Anyone care to tell me why they think SLV is lagging behind silver spot today? Silver took 5% up, meanwhile SLV only went 1.5% up. Are the investors in SLV catching on that paper != metal?

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  16. @LooseCannon, didn't you hear the news, fag != gay anymore.

    http://www.youtube.com/watch?v=I7hQN4Amaeg

    Fag is appropriate here. Now if he said, police officers, insurance agents, adjusters, GAYS, criminals, and thieves.

    Then you'd have a valid complaint.

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  17. "I'm a big fan of your website - And gay.
    Could you skip the "faggots, criminals, and thieves" in the same
    breath. Greatly appreciated."

    Gay is okay. Remember - I hate everyone equally...no need to center yourself out...we are all human

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  18. Zach: " I'm hearing rumblings that people are starting to figure out its a fraud....I would assume this ETF is for trading purposes ONLY, no one in their right mind will hold it thinking they have silver moving forward.

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  19. thanks highrise,

    that really helps to see someone else's POV, ironically a lot of people were/are trying to get me to trade my gold for silver but were lowballing me below the going ratio and I dunno, I am pretty conf. gold will maintain rising long term and tho I do also have faith in silver it's harder to imagine it might go to 300-500 like many insist ... if that happens, we all better carry a sawed off to church ...

    Off topic, I'm a movie buff and I saw a couple of pretty funny off the wall comedies in last couple days THE BLOOM BROTHERS and ROCKET SCIENCE. Our library here has over 10,000 movies you can reserve for two weeks, I never spend a dime anymore.

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  20. Zach:
    "Silver took 5% up, meanwhile SLV only went 1.5% up."
    I check stockcharts.com, SLV was up $.54 or 1.46% and
    $silver was up $.64 or 1.69%.
    It seems to me they SLV follow silver price every closely.
    Do I get something wrong?
    Thanks

    ReplyDelete
  21. "Gay is okay. Remember - I hate everyone equally...no need to center yourself out...we are all human"

    Fewf, I was beginning to worry (between re-runs (no offense blacks) of Will & Grace) I am a huge Fag Hag!!! Some prefer the terms Queer Dear, Fruit Fly, or my personal favorite; Rainbow Wrangler. Just know that any time I am here reading or posting my famous blogs, I always have at least one faggot over each shoulder. I often make the fags over my left shoulder dress as angels and the fags over my right shoulder dress as devils. Sometimes they even tell me naughty or nice things to write. Gotta run; tonight the boys and I are watching a Little House on the Prairie marathon. I can't wait to see Laura push Nellie down the hill in that wheelchair again. It never gets old...

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  22. My math was based off of silverprice.org, I think they are running 24 hour charts. I'll have to run the math again tomorrow morning.

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  23. I really enjoyed Will and Grace :)

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  24. @Colin - I have ZERO doubt in my mind we will see, shall we live to talk about it, $500+ silver... See, there is a lot of shit that could happen, from the collapse of the US Dollar to a solar flare emitting an EMP so large, we get thrown back into the 17th century. If the worst happens, silver along with gold, would almost be priceless, ie; if you have silver and gold, you WOULD be the elite, no matter what amount you carried. People would instinctively flock to your "wealth" as desperate people do, and do your bidding. Hell, with 1000 oz of silver, you might just be able to start a new town or city in your name, mind you, someone eventually would come along and have you killed for your position, but you would remain known for centuries. Im a movie buff as well, i guess, but um....two movies that gave me a very clear idea of the hopefully not so near future were: The Book of Eli and The Road... combined, those two paint a perfect picture of whats commin. If so, just remember... "I WOULD RATHER HAVE IT AND NOT NEED IT, THAN NEED IT AND NOT HAVE IT."

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  25. I'm an online marketer generating leads for insurance companies. I make $1.5k per month now, but I'm trying to go back to my high normal of $15k per month. Google's algorithm updates fucked me from back in October 2010.

    I dream of building a mobile online personals business, selling it for hundred-millions, and going to Cali Numismatics and swapping it out for metals, buying all that my money can take. I dream that I can achieve this before the dollar collapses though... I'm sure you all think that days coming soon as I am too...

    I've got 7 oz of Gold and 53 oz of Silver in phyzz. I am on the mission for more!

    & @highrise408 Also a medicinal user, heavy. Growing medicines now which I'm going to donate to get some phyzz :D Green gold to that yellow .999!!!

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  26. yo highrise, i love your shizza bro, keep it real yo! Im just up the 101 from you so I get where you're at. Well done on the stock pile yo! I'm bunkerin @ your pad! For real though, you have come across a really real site. SGS has his shizza tight and the guy ihas got the fire in the belly, that's how I know he's for real! Keep buyin slv until it hits 50... it should be at $95/oz @ traditional 16/1 ratio's but hey, everyone's punkin it so hey, let's keep it goin.... Peace!

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  27. highrise,

    loved Eli, I'm usually pretty good picking up stuff in movies but Denzel being blind was kick in ass ... 12 Monkeys, Bladerunner, Dark City too!

    back to silver, what are your guys' local shops tacking on eagle premiums? I walked in today and asked him, he said, "well it was four, but now I see guys buying them 4+" ... He didnt give me an answer, he woulda, was with a customer, but I was in hurry to keep rolling... He had some Leafs for +3, I almost bought some, but I'm kinda waiting to see what happens in next week or so, if it drops again, like some people think, I will buy a some more rolls

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  28. Hey SGS talk about gold silver and guns I got this picture for you. Sorry bro. I can't paste a picture here.

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  29. Just think when all this unfolds...there will be a screenplay, the silver story akin to the Julie and Julia of Julia Child's French cooking. Was Joanie, now Dakini. And to that guy that wanted to marry me, I'd love to - I've never been married. But me old boyfriend is hanging with me these days, so I am "unavailable." I am so HAPPY I managed that dang 25% drop still up overall (as I was freegin leveraged - What a whopper - Post menopausal women grow balls-I assure you.)...Counting my blessings....When I get my bills paid, I will drop you some SGS for the humanity checks. Forever grateful. We can't take anything with us...let's enjoy the ride and stay on the right side...

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  30. First irrational attack this morning. Took spot price down from being over 1 USD above LBMA price fix to 2 cents below LBMA price fix.

    If we can get back to 39.50 before noon. I would be able to revise my model to better account for "conspirator irrationality".

    This is very interesting for my little side project.

    Out of everything I thought I'd use mathematics for, modelling conspirator irrationality was not on my mind.

    Silver, the devil's metal indeed.

    Got physical?

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  31. thanks

    good bye

    http://silverbullsilver.blogspot.com/

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  32. One way or another, spot price HAS to get above 39 USD, preferably at 39.50 USD.

    This is imperative. Conspirator irrationality is not that complex to model.

    Listen to Navras by Juno Reactor when you're trading today, it fires me up!

    http://www.youtube.com/watch?v=D9s18rUaubc

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  33. LBMA UPDATE

    Silver Price Fix: 39.18 USD.

    This is becoming predictable.

    Silver, let's get physical!

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  34. lol, what kind of Southpark trader profile are you?
    Im pretty much Tweek personifiated, totally paranoid and skitzie, way too much pressure!
    (However, bought more physical today to calm my nerves ;)


    I.e Im switching between bear and bull more often than I switch my shitty underpants.

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  35. Forbes predicts US gold standard in 5 years

    http://www.humanevents.com/article.php?id=43439

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  36. highrise408 said...

    Ha Ha Ha.... we just hit $39/oz... should be $70/oz right now...but we all know thats comin before Sept.

    The U.S. Dollar is gonna have one hell of a summer.

    $5.00 gas = NOBODY DOIN SHIT FOR SUMMER VACATION.

    As bad as it will be, I am praying for the USD collapse, and Im chillin here in in California, Bay Area. I seriously hope this fucker tanks soon. Gold and silver will skyrocket, and those that didnt listen will be eatin their words for dinner. Got a nice grab last week of silver... 400 oz @ $35 + shipping... im lovin it right now. Im thinkin of quittin my job soon so I can withdraw my Schwab account and buy a decent amount of gold to go with my silver stash. I got 6 months of dried food, 300 rounds for my shotgun, 500 rounds for my .44 Mag, and a grand total of 1267 oz Silver and 30 oz of gold. This truly is "The Decade of Epic."

    @highrise: Just a friendly suggestion from a long-time prepper: bump your preps to 1 year food (not all dried), start square foot or container gardening in any available space, increase your ammo loads to 1000 rounds for each weapon, secure water or find a way to store it easily, and buy physical. I dumped my 401K years ago, paid the penalties, and bought silver and tons of preps. It's really hard to justify confidence in the retirement accounts when they are closely tied with something that will bankrupt you (on paper) if the POSDX crashes. Don't forget, it takes a village. Get to know your neighbors or find like-minded individuals that will be willing to band together with you if rule of law breaks down. Cali is going to get hammered as hard as if not harder than many east coast states if rule of law collapses.

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  37. WASHINGTON, May 10 (Reuters) - The U.S. Treasury is
    expected to start dipping into federal pension funds on May 16
    to give Congress more time to raise the $14.3 trillion debt
    limit, which caps the amount the country is legally allowed to
    borrow.

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  38. Fuck Malcom Forbes. We're already on a bi-metal standard. Fuck their shitty paper money.

    I saw that zio-tool Karl Rove on the Today Show this morning. Every day that traitorous cocksucker lives is proof that the system cannot be changed by voting. Newt Gingrich for President. Right. Seeing stupid shit like that latest Obama/Osama hoax should make everyone run to their coin dealer. They won't though, most people are so fucking stupid they don't even know what a silver coin looks like.

    City of London/Wall Street tribe might push silver down to around 31, tough sledding below that. Who's gonna buy their bonds if Shlomo doesn't? No fucking one, that's who. Thanks for the forum, you rule.

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  39. Here comes the next leg down. Grab your socks and hold your...c--s JEFF: Alex Jones has been warning about this for at least a year. EVERYONE here at this blog needs to start listening to him. He's "early", but that gives you time to prepare. Back to my J(ust) O(ver) B(roke). Good luck, all!

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  40. Highrise,

    The misfortune of many is the consolation of fools.

    Be careful what you wish for.

    Best regards,
    Wayne

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  41. I work as an IT manager at a U.S. auto maker who didn't take a gov't bailout...if anyone cares.

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  42. We care brother, we care :)
    You to Loosecannoncynic...

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  43. Stock/futures trader/investor here. My own private accounts only.

    If this $37 low on SI doesn't hold I think there's a chance we get close to $35 today. Key price for me right now is $37.70. We get above that and I think we go back up. If not, I think we could see $35 again in the next 24 hrs.

    If $US run continues we should see 75.50 - 76.

    Along with investing my fiat profits into phyzz, I'm also into good JR miners like those SGS has shared here. By doing so I'm not only investing in a bullish sector, but I believe it's also a good way to preserve wealth.

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  44. Jim Sinclair interview...

    http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/11_Jim_Sinclair.html

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  45. tTade deficit gap widens (-ve) and the dollars spike up & PMs fall - LOL. Just waiting now for the stock market to rise 2% on the news... nothing makes sense anymore. Before QE the markets would have shed 5% instantly and consolidated until the follow month's report.

    http://finance.yahoo.com/news/The-US-Trade-Deficit-Moving-wscheats-1978587316.html?x=0&.v=1

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  46. Glad I flicked the right switch in the end and bought a lot of berries, but it is'nt that hard though since I flick between bull\bear maybe 5-10 times a day, a mere tremor in the graph and Im out on the streets with my "SLUTET ÄR NÄRA!"-sign

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  47. Loose Cannon - don't be so sensitive. SGS wasn't calling you a fag. I don't get offended when people use the word "Polock."

    Highrise - you sir are awesome. Remind me of a guy I knew back in school, name was Moon. Maybe you are him. Either way, I'm looking forward to the unwinding as well. Perhaps we can smoke a bowl together and laugh while all the sheep are running around trying to trade their 55" tv's and SUV's for food.

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  48. speaking of political correctness, SGS you are a canuck and a hoser (I don't even know what a hoser is but canucks seem to like that word). but still in the top 1% of awesomeness.

    anyways, I think there are going to be more dark days before it's sunny again in the PM market. there is practically no public appetite for QE3 right now, because some of the smarter sheep are finally concerned with the deficit and easy money distortion (even though they don't realize we're already off a cliff). my guess is that it takes a few months of the economy in the shitter post-QE2 before most of the slobs relent and turn to more government help. in the meantime, I plan to dollar cost average my purchases.

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  49. I was hope I'd be wrong about my 9:11 a.m. post. F!!

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  50. Theme and variations:
    1) QE2 "ends" but POMO or equivalent continue
    2) commodities continue to rise after profit taking
    3)"See, there's no link; we stopped QE2, commodities still going up"
    4) Call it fried chicken if you want, they will go back to the presses

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  51. $36.25 is the 50% retracement of the bounce. Looks like we'll continue lower though. If we don't pop above 36.25 soon with some volume, next stop appears to be right around 35.49. If lower I'm watching around 34.60.

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  52. Must be another margin hike coming, lol.

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  53. @highrise408

    "Im chillin here in in California, Bay Area."

    Howdy neighbor!

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  54. I was a USN master at arms (cop) but now I am going to school for business and smoke some shit too..
    @Highrise.. I litterally had to wake my G/F up and read her your post last night.. funny shit bro and I feel ya! I wish I could live in Cali again but I think its gona get hit hard.. but good luck to you brotha!!
    I look at this next dip as a buying op.. I mean hell I have my whole life savings.. and g/f's life savings.. and I have gotten friends to invest in silver... but I dont care how low they take it, we know the endgame.. stay strong.. listen to SGS and Mike Maloney.. :O)

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  55. yummy - more puts! i eet puts! yum yum! buy big puts yay! last week bad. this week worse!

    ok seriously - had a gameplan this morning to sell a very modestly small number of calls i picked up last friday and buy some cheap 35 puts. Its amazing how 2 hours can turn your trading plan to shit in this current commodities 'market'. Even the right strategy is futile. time in this disgustingly emo, bipolar market flips too hard and too fast to the downside now. So my new strategy is to ONLY buy puts during any rallies until weve given silver a chance to keep on dry heaving for the next couple of weeks.

    At this point id love to just watch silver 'settle' and base out somewhere (preferrably not below 30 and doubly hopefully not below 25), so we can wait another 2-2.5 years before we can watch silver's next parabolic move to the triple digits.

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  56. See Turds blog, she's likely to go a lot lower before the June rally. Low 30's for the next couple weeks.

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  57. @highrise I am a college student graduating in august been sellin green up until recently but at least i got my hands on some guns and 100 oz of silver @ $32 before everyone started snitchin

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  58. I am out of PSLV again.
    I have to be like a computer about this, no emotion.
    There are levels I sell at and levels I buy at that I adjust all the time.
    I hate to do this, but these trading robots are doing just the same, and this is another robot crash!

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  59. Just picked up more phyzz @ 35.30 spot. Was $3 over. Last time I bought a week or two ago my dealer was $2.50 over spot. Seems to be more of a disconnect occurring.

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  60. $US hit the 50ma @ 75.485. Kinda difficult to believe it would be that simple for it to just begin falling from here but it's possible. Watching $76 - 76.50 if it moves higher.

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  61. First Majestic now increased their 'real world' phyzz silver price, now $40.50 per oz.

    It's the only way to win against these bastards.

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  62. No margin hike. What else could cause such a quick drop? I think Blyth is playing all of us like a skin flute.

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  63. "Attention Kmart shoppers! Silver is on sale _again_..."

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  64. I work for an engineering company doing mapping. I love this sight and all the crazy motherfuckers that post here because it suits my low brow personality more than most other blogs.

    Man, I miss N.CA. Went to Humboldt for my degree - would love to hole up in Whale Gulch or Shelter Cove. Only prob would be the shit blowing in from Asia. If things get bad that state is definitely going to be one of the worst to be in though.

    Silver getting crushed. Thought I would have time to get some ZSL this morning but I was way too late.

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  65. Euro is tanking bad.

    Do we have any eyes on the ground in Greece or Portugal in here?

    Can anyone provide a street-level update on what's going on there?

    Can anyone post a copy of Simon Tilford's piece in the Financial Times titled "Greece and Portugal Should go Gracefully". It was published 2 hours ago but is no longer available.

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  66. Potential inverted head and shoulders bottom formation on the 1 min SI chart. If it plays out the target is to around 36.20. Whether we reverse and continue higher from here I don't know. Too soon to tell but it wouldn't surprise me if we go lower first.

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  67. Bouncing at $35, this needs to hold for another hour before it holds! It appears once again I sell at the bottom thinking its going way lower and it holds, which means i Must know something, unfortunately, however, I do not trust it yet!

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  68. @Rick Based on last week's shenanigans, we wouldn't hear about a margin hike until the end of the day, so it is not too late for that.

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  69. When is Blyght's Mom gonna show me her "oh" face?

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  70. Check this article out:

    http://www.bbc.co.uk/news/uk-england-london-13364365

    An opinion article has effectively been removed from the FT.

    People, something is going to happen.

    Any information from within Greece or Portugal would be very welcome right now. If you're there, I'm urging you to update us on what's going on.

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  71. Oh no! It's Blythe II: The Return of the Crack Whore.

    What are they gonna do? Drive silver down to 10 bucks while the Euro and Dollar implode??

    C'mon China, stop buying greenbacks and let's crash this bitch.

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  72. Good Day Gents... Could someone post a site with better chart for silver than Kitco. Thanx

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  73. www.silverprice.org

    You'll get the gold chart first.

    Click top left corner under "Instruments."

    Choose silver price USD.

    Select time frame. I use either TICKER or ONE MINUTE.

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  74. What firearms is everyone rocking here? I mean, if we all have small fortunes in metals in our houses, I'm assuming we're all armed.

    I'm picking up a Sig P226 and a Robinson XCR.

    When the SHTF, the first thing they'll do is cease all sales of ammo, even .22, so stock up now.

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  75. @IslandStyle That's the ticket! Thanx.

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  76. No worries. Hit the "DETACH" button on the top right and then blow it up full screen. Easier to see.

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  77. @IslandStyle - Gotta love it!

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  78. First of all, I've been here since the beginning, and would like to thank evveryone here
    for their opinion and SGS for all the advice.

    I'm sorry to say I'm getting sick of all this. The silvermarket I mean.
    I'm off worse than when I started watching it all September 2010, I'm
    completely in the dark as to what will happen. I have a realy good source
    of information at my country but even they don't know what will happen.
    A month ago people over here were shouting about the dollar dieying and silver
    going through 50 bucks. A few weeks later everyone got smacked because of that
    arrogance. F'ing lost a lot of money that monday.
    I'm afraid we really haven't got a clue any more. And I hate to
    say it, but I'm really thinking about pulling the plug on silver.
    Going into fiat for awhile and head back in to silver when the market calmes
    down. I do believe the dollar will die, and the euro with it (my currency).
    But I don't believe it to happen any time soon anymore. The manipulation of
    last week and the dollarprice now is evidence enough.
    Not to mention the power they have over the people, just look at the bearish
    market of silver....

    Trow me a freakin bone here. Anyone? Some hope?

    Many thanks my friends.

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  79. @edalocohcklem

    Dude, that is what they want. They want you to lose money and lose heart. They want to take away your hope. This is a fight to the death.
    These blatant attempts to bring silver down will only last a short time. The more they manipulate, the closer they are to losing. Keep the faith. Remember, when silver begins its skyrocket flight into the stratosphere, you'll regain your losses so fast that you won't believe it. It might happen in June, or during the summer, or next year, but it will happen. BTFD.

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  80. edal- dont do it.. silver may well get pummeled..i wouldnt be surprised to see sub 30 dollars this summer or maybe even friday the way things are going.. recently took some profits in silver and now have 50% silver 50% gold.. gold is going to be volatile but they also have the central banks buying that shit up on any correction..silver is much smaller market and more speculative.. spread it around ..33% gold, 33 silver and 33 fiat..this way you dont lose..

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  81. @edalocohcklem - You are right. Thats why I use PSLV, I need the liquidity to buy and sell on my personal tolerances. I am selling too late, but I am learning. Or just hold onto phyzz or phyzz trust ( NOT SLV ) and only look at it once a year until everybody and their grandmother has everything in Silver, then its time to get out an spend your wealth!

    The Ponzi's will all end one day, they always do! Markets always trend to reality in the end!

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  82. Bouncing off $35....again. Thoughts?

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  83. @edalocohcklem

    I lost all my trading cash on the 6 Bucks dip, and took a huge loss on top, it crashed right through my stops. Yeah, fuck it, I'm out of any leverage on POS. All we can do now is buy physical and keep the faith. All I am buying now, and miner stocks.

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  84. Hey all, I was wondering for some advice in my situation.

    Since I hate fiat, I always kept any extra spending cash in metals. And I've been planning to strap up, putting aside 20oz of AG phyzz. I was waiting to cash out when silver was $50+, but obviously, I missed that mark 2 weeks ago.

    So instead of having $1,000 fiat, now, I'll have around $700 fiat.

    Would you guys think that I should sell now anyway to just HAVE that gun?

    Or do you think I should wait just a lil bit to get back into the $45/oz territory to get a bit more fiat to get more ammo?

    Your analysis and opinion will be appreciated and considered. Thanks guys.

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  85. @edalocohcklem

    Please DO NOT do that! We are here to help you. The difference between us (you included) is that we have acquired knowledge that 98% of the world either doesn't care about, or is just too lazy to go out and learn. Please review SGS's latest Bears silver video.

    http://silvergoldsilver.blogspot.com/2011/05/part-6-silver-manipulation.html

    Hang in there and know what the end game is and where silver is going. You need a cast iron stomach to be a precious metals investor. Get used to this volatility but also remember you're doing the right thing.

    Just to let you know, my wife is a MILF but she's a die hard American Idol, Real Housewives of Orange county, and reality TV junkie. She thinks the silver I have is just a bunch of expensive coins sitting in a safe. She's asks once in a while when I'm going to sell it so we can have cash to put in savings or do whatever with. This is the mentality we're up against. Hang in there and stay the course.

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  86. Trow me a freakin bone here. Anyone? Some hope?

    Watch gold. It will drag silver out of the swamp. Those sock puppet pricks who say gold will rise without silver are fucking delusional. I'm old enough to recall the shill game switcheroo with silver coins back in '64. Plated zinc copper sandwich quarter bullshit. This game is as old as the bible. Shit, older.

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  87. This comment has been removed by the author.

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  88. @PaidInGold

    I can't tell if you're serious?!?! I'm Canadian, and I am not a gun nut/conspiracy theorist. I just firmly believe that there will be times coming, in ALL countries, when the police will be overwhelmed, and we must be able to defend our families ourselves. If no one tries to break into my house to steal my goods, then they won't catch a round.

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  89. $35 for 2 hours. looks like support - not ready to buy as yet. Looking for a jump past $35.60.

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  90. @Paid: If/when QE3 comes on stage, you will be glad for any silver assets you have. If by some miracle it never comes, then silver not so useful.

    Other simple assets are always useful. Chainsaw for example. It will hold it's value whether QE3 or not. Likewise with some firearms. Shit there's tons of stuff that will be valuable through inflation and deflation that is good to have besides silver and gold.

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  91. @ edalocohcklem

    I am afraid I feel the same way. What seemed so imminent now seems like TPTB can just extend and pretend for a lot longer then I thought.

    This whole game royally sucks because nothing is safe. The largest portion of my physical was bought in the low 40's after cashign out of my 401K.

    I am now afraid I will be stuck paying a boatload of taxes next year and my silver will be worth less then when I bought it. selling a lot of oz to pay taxes? that will be god awful.

    all i can say is that we are all going to be epically screwed here when stuff does hit the fan, and if you have your money in paper you will be dead broke.

    when will this happen? probably right when we don't think its going to.

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  92. We need to break $35.66 to get out of this 2-hour channel. We'll see.

    I think we're gonna test $32 this week. This drop is short-term dollar strength because the Euro is almost as shittarded as the USD.

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  93. Someone just gave me some TK at .48 :) Thanks!

    Investing in silver requires guts. The manipulation of the market is now crystal clear.

    Euro is tanking badly, articles are being pulled from mainstream media and to top it all up, hollow head bullets are being issued in countries where there are gun bans. Does it sound like everything is a-okay?

    Personally, I have enough liquidity to take crashes in Ag price. When I buy silver, I pretend that I've bought a consumable. Once the fiat is gone, it's gone. It's never coming back.

    Have heart my friends. What you are witnessing are acts of desperation. This will start surfacing soon.

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  94. @Waffen, and anyone can weight in here!

    First, I can't say this enough...NOT ALL PAPER HOLDINGS WILL TANK.

    Phyzz is da shizz, we all know that! But...

    Sprott Physical Silver Trust, PSLV, is audited constantly. This holding is just as safe as phyzz.

    Silver miners/producers/streamers will POP! After all, these guys get the damn phyzz outta the ground.

    Silver Wheaton (I own calls out the ass on this one) has realistic production targets of 43 million ounces by 2015!!! If silver hits $100/ounce by then, annual revenue will be $4.3 billion. Profits will exceed $3.5 billion. This will send SLW past $100/share like nuttin.

    Expect nationalization of silver/gold projects as governments who got burned by the treasuries they hold strike back. This will be more prevalent in democratic countries. Dictators can be bought off after all.

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  95. A break above 35.50 then 35.70 would be a good start for a short term trend reversal. Longer term though, I'd need to see it back over 37.50 before I would even start to get my hopes up. Over $39 and I'd start feeling good again.

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  96. @Rich

    What's more likely IYO, $32 short term or $39?

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  97. Some days it just doesn't pay to get out of bed :-(

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  98. Wiser words were seldom spoken...

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  99. Thanks all for the support.

    @Adam Chalmers

    Yeah, I have the same problem, only mine is not a MILF. No matter how many times I try to educate her, she won't listen. Feels bad man.jpg

    I bought silver and gold to secure my future. Being only 24 years old it was kind of a gamble since I didn't know all that much back then.
    I bought phyzz at 25 and 35 and 45. With the loss of last week, I'm tied at the moment with silvers current price.
    Just got back from a walk and will sooner pollish my maples than sell them.

    Though I believe we'll go lower this week or the next. A good source of mine told me silver could lean to the silver price of last year around this time, hope not though. Still diffecult to see.

    Cheers to all, I'll be drinking some port in your name.

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  100. I know there are a shitload of traders here, and I wish you all the best of luck, but that shits not for me. All I´m doing is what the Bears talked about; buying physical silver and trading it for pieces of paper. The fiat price be damned.

    I always buy at the beginning of the month and slap down about $800 every time. This months purchase was more expensive than last month. So fucking what. When silver goes berserk, what the hell difference is it going to make if your $50 silver Eagle you bought last week rises by 1000% and last years Eagle rises by 1500%. Either way, you´ll have your financial protection once the SHTF and people start burning piles of fial Weimar Republic style.

    No sence frying brain cells in a rigged market, just do your monthly purchase, get your mits on as much physical as you can, and don´t freak the fuck out about the fiat price. You´ll sleep a hell of a lot better. Keep stacking for as long as you can still buy the stuff.

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  101. I know there are a shitload of traders here, and I wish you all the best of luck, but that shits not for me. All I´m doing is what the Bears talked about; buying physical silver and trading it for pieces of paper. The fiat price be damned.

    I always buy at the beginning of the month and slap down about $800 every time. This months purchase was more expensive than last month. So fucking what. When silver goes berserk, what the hell difference is it going to make if your $50 silver Eagle you bought last week rises by 1000% and last years Eagle rises by 1500%. Either way, you´ll have your financial protection once the SHTF and people start burning piles of fial Weimar Republic style.

    No sence frying brain cells in a rigged market, just do your monthly purchase, get your mits on as much physical as you can, and don´t freak the fuck out about the fiat price. You´ll sleep a hell of a lot better. Keep stacking for as long as you can still buy the stuff.

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  102. @IslandStyle...

    Honestly... if we see $32 again then I would expect we could go as low as $30 and possibly to the low $27's over the next couple weeks.

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  103. @IslandStyle

    Didn't quite answer your question. IMO we have a better chance of seeing $32. Overnight trading though could easily make me wrong.

    @fockewulf

    The paper markets are just a fun game to make more fiat with which to buy more phyzz. I'm not attached to the direction it moves, only to ride it the right way. Although these downdrafts create heartache for many silver longs, I'm loving trading them because it's really easy money. I don't like that the markets are manipulated, but the fact is that they are and there isn't anything I'm going to do to change it, so I chose to educate myself well enough to be able to make money at it. That's the purpose for my postings here, to try and provide some small bit of help to those who don't have the technical ability to profit from this. It's not a lot, but it's what I have to offer. Hopefully some find it useful. Ultimately though, I agree with what you're saying. The big economic picture makes buying phyzz at any price currently a very good long term investment and, more importantly, a store of wealth, imo of course.

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  104. @JFrancis I too went to Humboldt. I'm in So Cal now and dread when the SHTF. Fortunatley I live somewhat on the fringe of Orange County, still going to be an EPIC clusterfuck no matter what happens. Hoping for a small window of opportunity after PMs go parbolic to get land in a bug out location.

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  105. @IslandStyle

    I'm sorry bro, I can't lie to you. I don't have any straps. I just got my CA license, and what was to be a purchase, stalled, because of the dip and I just can't imagine selling my silver bars for fiat price atm. But yeah... Birthday is coming up so thinking of a Gun & Ammo for a gift to self.

    @Rich

    I'm new to the paper game, have an account but haven't traded once. Leaning towards buying shares of reputable AG ones, and taking options/futures in very small steps thereafter. I was curious how long have you been trading to have educated yourself to make fiat in the here and now for phyzz to hold? Thanks.

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