Buy the Paper PUTS, and average in on the physical. I am loaded up on SLV puts, sold 80% my calls yesterday at $44
If SLV ever says they are raising the margin on it, LIGHTS OUT. We will have $30 spot by noon time.
Protect yourself. I hope I'm wrong (not really, since I could use another 5K ounces for shits and gigs)
does this mean you think there's still a big downside?
ReplyDeleteumm - yeah. this would look like an official blood-letting wouldnt it? ahhh the whole paradigms changed, sell everything ahhh!
ReplyDeleteumm not to scare you...buuuuttt, If $38 clears, most hedge funds will liquidate...buy PUTS to protect yourself immediately. Dont be surprised if we see $35, maybe even $30.
ReplyDeleteMake money on this downside, load up the phyzz, you will be rewarded.
Bulletin just received from Interactive Brokers:
ReplyDeleteWed May 4 10:50:37 2011 EST
Margin Increase: Silver Derivatives
In light of the recent unprecedented volatility in silver markets, the exchanges that offer trading in silver derivative contracts are increasing the margin requirements on these products. In an effort to adequately address the inherent risk resulting from this volatility, we are increasing margin requirements on silver derivative contracts to a level exceeding that which the exchanges are implementing.
You will be notified as more information becomes available.
Please monitor and manage your risk accordingly.
Intraday Initial Margin is now $26,875
Intraday Maintenance Margin now $13,438
I'm so happy they're watching out for my best interests!
I wonder why the gold contract is still $6751/$5001 and oil is still only $3375/$2500 then? I think I need to switch from knee high boots to waders.
Hmmmm.... I wonder if we are about to see panicked capital movements. Very unstable for financial system.
ReplyDeletehow can slv increase margins? do you mean brokers might start increasing margin reqs on slv? do they do they have different margin reqs for different symbols?
ReplyDeleteThe margin increase is for futures trading, not SLV or other stocks.
ReplyDeleteThese elites plotted this attack perfectly, will scatter fence sitting investors for a long time now I'm afraid, dropping this 10-20 points, people will panic and sell back at big losses if they got in late, or be so frightened or tapped they won't buy back at budget prices ... these bastards always have something up their sleeve, and then people post there aren't any conspiracies ... the official story of 9/11 is the biggest conspiracy of all time, yet they flip the script and call people who tear it apart the CTs--amazing.
ReplyDeleteBut if this shit hits low 30s I damn will buy more for long haul back!
Rich, I know but if you read SGS's post he says if slv ever raises margins it's lights out. I think he meant brokers, not the fund itself.
ReplyDeleteGuys, the FUNDAMENTALS don't change. The dollar is King of the Shit pile. These manipulations are obvious as hell. BUY PHYZZ, it is the Shizz. Mr. SGS, keep it UP! Keep the home fires burning!!!
ReplyDelete@ SGS... what about miners? I'm not getting hot too, too hard but I'm definitley down.
ReplyDeleteSorry flaunt, I misinterpreted your post.
ReplyDeletebought my 35.00 puts last night. They have to get JPM out of trouble. V bottom at 30.00? JPM goes long? backwardation still there. Shortages of silver still there.
ReplyDeleteAnybody selling silver via any means is no different than a banker. You are basically engaging in what you despise!
ReplyDeleteI know its saving you money and the trades etc... but you are fundamentally no different than JPM!
Interesting comment:
ReplyDelete"""The traitors selling silver now remind me of the brokers working in the Twin Towers on 9/11 who made bets on exploding airplanes (with put options) knowing that if they were right, they’d be dead. Many died richer than when they started the day, but what’s the point? Suicide bankers and silver traitors are laughably psychotic.""" “I know selling Silver will kill me, but I love paper!” http://maxkeiser.com/
Weather UNIT, you we´re right about the pivot-point. Except it imploded onto itself going the other direction.
ReplyDeleteBut that my friend, is only one of the two May´s I told you about.
Imagine when the nuke strikes France (or is it Denmark?) Or the New Madrid fault line "suddently" creampies itself?.... that, is the second f*ckin Mayan-epic-may that will send the market to Marijuana Trench before Bernankee have time to say "OH SH.."
@garry - I totally agree with you. I have never shorted silver and will not now. Whether it is puts or whatever. I'm all cash waiting for a bottom to buy. When through this in 2008 and doubled my physical. Will do the same again.
ReplyDeletehey weather unit,
ReplyDeleteI came in and made one challenging post on your miserable site and you wet yourself ... SGS might be a bit misanthropic, but you are imperial joke; what's your true agenda? go chase storms and footnote your Scofield.
Hey all, I just did a cycle analysis of SLV using JM Hurst's calculation procedure and it appears that several cycles are bottoming in the next few days for SLV. It looks like a bottoming for all the cycles will be around May 14th and the cycles will be turning up after that. I'm not saying SLV will immediately go up, but the cycles tend to hint at that. Here's my analysis shown in video with the various targets to where SLV should go to:
ReplyDeletehttp://screencast.com/t/Lzv8uBh3wEc