a. Told everybody yesterday about this. You could have capitalized on it.
b. I'm not "blythe" I dont work for JPM, and I am not short.
I have an insane amount of physical at $15-20. Not sure how buying PUTS when I know its going down (after I told THE WORLD this would happen) is a crime. You do realize that buying PUTS does not bring the price down correct? SHORTING does this. Idiots. I buy PUT premiums! If my broker decides to hedge MY bet by shorting, thats not my problem.
You high?
Weather Unit/News Unit...you have clearly been mind fucked by the markets AND you are now ban from posting here. Good luck with your blog, wish you the best.
Like I said, we are 6 miles from the river...the trenches are no place for the weak.
it is really simple... if you don't understand this shit stay out of it like me. i have been tempted to do whatever sgs does but I'm not going to. I only invest it stuff that makes sense to me. physical and stocks... long term. i emailed my broker to to but a "put" order in and he emailed me back with a long explanation. i told him fuck it, we will buy sometime soon! 6 miles from the river and I'm going to buy myself a fucking house out right at 27 years old. if i lose, so be it.
ReplyDeleteSGS,
ReplyDeleteWhat do you think of the SLV 35 Puts? I'm late to the 45 game.
too late I think, in fact looks like big buyers are stepping in on SLV $38 shares here...hence the bounce...I hope the worst is over...
ReplyDeletewell to be correct, if u puy puts your bank or broker would have to short silver futures to hedge themselves
ReplyDeleteThis comment has been removed by the author.
ReplyDelete"well to be correct, if u buy puts your bank or broker would have to short silver futures to hedge themselves "
ReplyDeleteDepends on many factors but not necessarily true all the time. Too many mathematical formulas for me.
no hater here...new to the game though and enjoy the blog. not familiar with the paper game but hold some physical. Also own shares of ussif. should I hang onto this one?? been doing well but falling recently like everything else.
ReplyDeleteOnly my second post, but have been lurking for a long time here. This is to all the fucktrons that really reveal their true sheeple status.
ReplyDeleteBack in 07-08 I started yanked all my money outa' chase and yes..buried it. Since then I have spent 10% of my monthly measly blue collar paycheck on silver. Along with that a certain percentage went to canned foods, ammo and other things that a wack job like myself would choose to purchase as "Insurance"
I look at all of those "Holdings" as nothing more than insurance. I never have had the urge to sell my physical as I have never had the urge to pawn my generator and other "Holdings". That would be Just stupid.
The paper changers and cockgobblers who have fucked up everything will always be at work. Let them drag the fucker down to below $20. Just means I can buy more phiz.
When the shit does hit the fan, we will be waiting. When the people make their way up to the country from the chaos and starvation in the cities...we will be waiting. If there are no caloused hands in your group, if you have no skills other than moving paper to profit at the expense of us hicks..insert banjo music here..we will be waiting to strap you to our plows, fetch water for our women.
SGS thank you for your blog and the bears because it helped me to enlighten those who would listen. WE buy high we buy low.We listened to our fathers and grandfathers when they spoke of silver. So all you soft whining sacks of shit...we remain. waiting. And if that day never comes we still will outlive you. And have in our hands the tools we refused to compromise by greed.
Thanks again SGS. Keep up the level advise.
Yousif has it right. These past few days have definitely loosened my bowels, even though I am 100% Phyzz.
ReplyDeleteOn the other hand, I'm making a down payment on a pair of .38's with 3 ounces of silver. Fuck the Cartel.
SGS.... Chill... take a deep breath.. You have prepared yourself for the worst, you can calm down and guide us folks here.
ReplyDeleteDon't worry about the haters and don't need to explain too much about the past. You can't please everyone. You are here to do good deeds. We appreciate that.
Anyway, the fight is on. The ride is rough but stay calm, focus and show some of us the way to get the best of it.
TIA.
I second Coconutrumplus' comments....i have learned so much and benefited greatly from your blog....stay focused on the endgame....
ReplyDeleteI've taken about a 10% hit with my mining stocks this week but I have to tell you they have been solid throughout this cluster fuck...
ReplyDelete@Heward, it is well known that silver has a lot of uses. They don't call it the devil's metal for no reason.
ReplyDeleteWell, now it's not only the metal that has medical uses, trading the metal can also be beneficial to your health. Devil's metal indeed!
@boondocksilver I used to think the same way, but the financial instruments are there, they're not too complicated to understand and they boost your fiat to phyzz® ratio. Why not?
Keep it up bro...between you Turd and ZH among a few others..you keep our eye on the ball. I'm very new to the phys market...I've been eyeing 5Z ingots from First Majestic Silver...I've owner their shares for years through a Euro Pacific account...anyway...I've seen your video on when to sell that you posted a few months ago...what I want to know is...where to sell? How will we convert or phys into whatever fiat we willbe using?
ReplyDeleteSGS, Thank you for the Blog. My eyes really opened in 2008 with the whole taxpayer criminal giveaway and since then have been buying physical here and there. I also joined in on Hinterlands, will join Tinka very soon as well. Your guidance and the bears vids have been VERY helpful - keep it up!
ReplyDeleteMe too! I bought lots and lots of physical silver 2 years ago @$18/oz. Been been buying a whole lot more since last fall. And I'm still sitting on pools of cash--yes fiat---no one really takes coins as payment for stuff. YET! Hehehee. Damm the torpedos! Full steam ahead! In the immortal words of AC/DC..."It's long way to the top if you want to rock and roll". :)
ReplyDelete@d40b9efc-767c-11e0-9b74-000bcdcb471e: yes i think this holds true for many. 2008 really opened the eyes for so many.
ReplyDeleteDoesn't it make sense that since what seems to have happened here is that the giants got blindsided by the silver revolution and didn't have enough that they'd want to make sure the price stayed low and people were afraid to buy it, but once they retrench and fill their vaults they'll want to tell us silver is the best thing on earth and jack up the price? All they're doing is filling their vaults and waiting to charge you twice as much as you're paying now. Buy now.
ReplyDeleteWhat's likely happening when you buy puts is that the market maker on the other side is now short puts. Best hedge would be the synthetic equivalent in SLV...i.e., short stock + long call. This behaves the same way as a put. He makes the bid/ask spread and covers himself on the way down, done. So put buying does, in effect, create short stock indirectly. You're just trying to make money so who blames you? Traders do this all the time, there's nothing wrong with it.
ReplyDeleteI have now bought calls to offset some strikes. $38 looks good on SLV (share) side. Lets see where the Globex takes us tonight.
ReplyDeleteLOL can anyone tell me what NewsUnit did to finally get SGS to ban him? NewsUnit kind of reminds me of the donkey from Shrek, just tags along running his mouth without really contributing anything of real value. (no offense unit - I, like SGS, hate everyone equally).
ReplyDeleteStarting my firearms course today! I'll have myself a shiny new sidearm and assault rifle by June. I'm Canadian, so we have to jump through a lot more hoops than the US. But then again, we don't face societal collapse, so I can understand. For all those who hold phyzz, don't forget, if you hold silver but your neighbour holds chrome, he's gonna take your silver. Be ready to defend what you own. A full clip of .45 helps.
ReplyDeleteI am on the phone with Wolverine Supplies. Purchased a glock 22 gen 4. Also looking into a H&K tac or mark 23.
ReplyDeleteI prepare for everything. Hopefully I never have to use it.
There There SGS. It sounds like all these crazy bloggers are starting to get to you :( I bet your starting to miss the olden days (well February) when I was the only crazy person on your blog. Keep your chin up and keep fighting the good fight. Those of us who have been here since the beginning and those of us who are not interested in promoting other blogs appreciate the work you do. Gotta run I'm cooking My Little Clucker chicken tonight. She insisted on chicken after she clipped the figurative wings of the SLV. I feel like chicken tonight, like chicken tonight.
ReplyDeleteSilver at $39 at the moment and I am not seeing any sign of a sell off. I received a mail from my dealer saying there is still a 5 week delivery timeframe for my physical. You can read the letter here: http://ntopinion.blogspot.com/2011/05/silver-bullion-shortage-again.html
ReplyDeleteI will call them today and see if they are getting any gimps selling and claim my shit straight away.
I LOVE FIRE-SALE DAYS!
Just a thought, but can COMEX silver traders sue the CFTC for lack of doing their job? Price manipulation is so freakin' evident!
ReplyDeleteI think we were on the verge of a dollar crisis - if so, I have to hand it to the monetary authorities - they probably stopped it. I'm still very bullish, but maybe short term reversal.
ReplyDeleteHey SGS you got to have guns to protect your shit. Right? I mean we have it coming from both ends. A 50% devaluation of the USD, the Fukushima fall out in the US and the best government money can buy. People will be out in the streets trying to get food/water to feed their children. Angry demonstrations and the difference between the US and other countries is that citizens here have guns, lots of guns. I sound like survivalist. No, I am just becoming one watching the USD going to shit and people with no jobs or way underpaid. I say buy the PM's while you still can. Look at this showing the strength of PMs Vs. other assets.
ReplyDeletehttp://lonerangersilver.wordpress.com/2011/04/22/john-exter%E2%80%99s-inverted-pyramid-of-assets-2/
seems like a lot of code talk that gets me loss. I am just a simple guy.
ReplyDeleteIs the margin raise affect over? or does it look like it will still dip to 30's?
It sounds like price was going to dip big and then not much of a dip.
If my stink bid is at 32 and it never gets there, I miss out, any ideas if the sell off is going to happen, has happened or still expected?
SGS, I located this CNBC vid. It is quite amazing the affect YOU and your verbiage is having on the MSM (mainstream media);
ReplyDeletehttp://video.cnbc.com/gallery/?video=1906892049
McCullough refs your term "Bernank" a number of times.... people are aware and paying attention to you and us and the growing populaces of people who ARE paying attention.... well done! Rock on...
Another silver margin hike !
ReplyDeleteOne word.......TINKA.
ReplyDeleteWorkhorse!
SGS,......Thanks for the site. Love it!
@sgs a glock? Ewwww... They're so homely. Springfield XDM .40 is much more handsome. Look at the compact model. Next purchase, FAL w/para stock.
ReplyDeleteI need a gun.
ReplyDeleteBut now the precious has come down again.
Oh, well...you can't eat guns. Orrrr caaaan you???
Just dipped below $39. I started loading up on phizz at $17. People laugh like I lost money or something. I ask them about their paper investments and then proceed to tell them the DOW is up about 7% this year and the dirty $D is down 7% or more. I tell ya...
Oh and peeps are STILL bidding up Eagles on eBay to $50 and over. Fuck spot, demand is real.
@Dr Durden you can eat a bullet. I spose you could consider the gun a topping??
ReplyDelete