Friday, May 6, 2011

SIlver on its....

"toughest week since 1975"
"CME stepped in so prices would not keep going up"

Apparently BNN has a 2.5 hour segment on Silver this morning. I guess the 4 minutes a week on its way up to $50 is the bull equivalent.

Looks like $33 was the money shot...look in the comments below for my trade by trade

68 comments:

  1. quotes frozen all over the place for fuck sakes...they can put a robot on the planet Mars but cant build a fucking electronic order system that doesnt fuck people, or maybe thats the whole point

    ReplyDelete
  2. I am looking forward to the POSX rolling over.
    Without those 62k McDonalds jobs and the 175k birth-day adjustment we gain 7k jobs in April.
    Whoopeedee fucking do.

    More Govt. propoganda to keep the middle class punching the plastic card and getting some bigger plasmas to watch Dancing with the Stars...

    ReplyDelete
  3. No flowers or candy but there's cold hard cash at the end.

    ReplyDelete
  4. 9:52 no trade yet...fuck all happening

    ReplyDelete
  5. This comment has been removed by the author.

    ReplyDelete
  6. Thanks for the play-by-play today SGS.

    Did you notice there is a short sale restriction on slv and sivr today?

    ReplyDelete
  7. Let me rephrase: Will 33 ever be retested? On one hand it would seem likely as people "should" be hesitant of being long over the weekend considering the previous bloodbath. Not saying that its logic, just saying its human.

    On the other hand i suspect the shorts would like to begin take profits pretty bad right now.

    ReplyDelete
  8. bullshit, I bet JPM can still short it.

    I am trading for the long term today...phyzz and Ovt 22 calls on my mind

    ReplyDelete
  9. $50 January 2013 calls look temping at 3.10... might pick some of those up too

    ReplyDelete
  10. Hinterland on sale today. I got a last of 0.2009 on HNLMF

    ReplyDelete
  11. Monday hike is priced in, waiting for a few more dickless fuckslaps to sell off that margin as they are awaiting a bounce...I actually hope we come down again to test $33.

    ReplyDelete
  12. Back all in on PSLV at the same price I sold yesterday. I am obviously a total ass at this trading game.

    Lets see today how stupid this decision is!

    ReplyDelete
  13. edel tully of UBS on BNN saying silver is the Devil's metal and way to dangerous, but she put out a buy reco at $36 last week, but now its the devils metal. Idiot.

    ReplyDelete
  14. notice how shes saying the ETF's were liquidated. NO shit, welcome to the paper game you fucking twat. Ive been saying this would happen with the ETF's soon. Cunt.

    ReplyDelete
  15. Nice little rebound coming up?

    ReplyDelete
  16. SGS,

    33 definitely looks like a complete reversal but i've got the eebie jeebies still. I own no paper, all phyz, but my local dealer is charging $2.50 over spot for standard .999 and is charging $5.50 over spot for eagles.

    I have no problem buying phyz today but am undecided on buying puts along with them.

    ReplyDelete
  17. Just got me some calls... SGS, you in?

    ReplyDelete
  18. london closing, time for the idiots to start covering....

    ReplyDelete
  19. Sitting on my hands is haaaaard. Help us SGS!

    ReplyDelete
  20. May 13 $38 call Im in for short short term bounce up to $40 spot by next week

    ReplyDelete
  21. Very strong with gold still under $1500 too.

    ReplyDelete
  22. shorts will start covering soon...

    I'm not 100% convinced yet, but I'll risk some leverage worthless fiat here for shits and gigs

    ReplyDelete
  23. Sweet bounce back. Increased my Phyzz by 20% yesterday. Keep the info flowing Mr. SGS. Lose not hope. Despair is for the weak, especially when the fucking FUNDAMENTALS never change. Keep the home fires burning, my Canadian friend! Prepare for the worst, pray for the best.

    ReplyDelete
  24. I'm seeing the $2 rocket sled in 2 hrs. If this pop holds dealer phones will be ringing of the hook. Got physical ladies!

    ReplyDelete
  25. if $US rolls, we should be okay, if not this rally will be dead by EOD

    ReplyDelete
  26. you guys talk a different language but I'm starting to catch on a little! mining stocks have made back close to 50% today from this weeks shit fest!

    ReplyDelete
  27. Got the Gatlings, JDAMs on standby, B52s airborne ... The Honey Badgers are coming. Hardware programmed to do one thing only: BUY PHYZZ®

    Got balls?

    Silver, let's get wrecking ball physical!

    ReplyDelete
  28. SGS I will yet figure out how to slip you a few maples through your donate whole.
    No plastic in my pockets...
    Silver = highly conductive; with out doubt, collective positive connection is greater than all this bullshit...
    Any way,
    Silver Phyzz Rocks!!
    So do you SGS.... Good day @ you!

    ReplyDelete
  29. This beast is starting to move... resistance at 36.50ish?!

    ReplyDelete
  30. Caught a ride on Crude from 98.85 --> 101.80. Guess I'll buy me some more silver. :-)

    ReplyDelete
  31. Just put in small order for philharmonics....

    This squeeze could be as violent as the down move...

    Here's hoping to $40 by tuesday, when everyone figures out the margin is already priced in and the panic buying comes in ( I HOPE!) too much bullshit to get through but I see some buying and short covering going on...when the $US gets below 74 we are money

    ReplyDelete
  32. $74.45 is key for $US imo. Get through that & we'll likely see new highs to $75 - 75.30. imo.

    ReplyDelete
  33. Go USA, USA!!

    Got to dash out a lot of cash to cover my unrealized loss for my silver futures position in Tokyo Commodity Exchange by monday morning...WTF

    ReplyDelete
  34. I'm stepping away form desk for a while, the beauti of phyzz is that it cant go to zero, and the beauty of calls is that you cal only loose what you put in.

    Good luck, I will be watching through my phone...

    DRINK TO $40!

    ReplyDelete
  35. Dollar ain't gonna roll - that's why we had the commodities rebound !

    ReplyDelete
  36. SGS, have you seen Bob Moriarty's I told you so na na na na na article? No mention of fraud, 27 margin hikes, etc.
    http://www.321gold.com/editorials/moriarty/moriarty050611.html

    ReplyDelete
  37. Tom--I was just about to post that article.too funny..you have to give the guy credit though..he did call the drop and called it perfectly.. now does it go up to mid 40s before dropping again even more???who knows, but it sure as will scare me if it races up to mid 40s... the guy was right and I hope he isnt right again.

    ReplyDelete
  38. Keep your eyes peeled and read this carefully

    NO ONE COULD HAVE PREDICTED WHAT HAPPENED THIS WEEK

    NOT A SINGLE ARTICLE TALKING ABOUT THE DROP IS RIGHT

    @SGS can you get rid of the jokers please?

    We're now in the bunker, this a man's only game now!

    Got Balls?

    Silver, let's get wrecking ball physical!

    ReplyDelete
  39. Derek:

    I'm a "small-timer" as well. Put an ad on Craigslist at what you're willing to pay for "junk-silver" (i.e., pre '65 Americna 90% silver coinage).

    I wrote on this board yesterday that when it dipped below $35/oz, that I would work harder than a two-bit whore on a $40 night! And I am! I have picked up $500 face value for $10,900. That's $29.74 per ounce!!!

    People are panicking. I'm going to leave in a little bit to buy 3 rolls of Eagles for $2,100 even!! This is the same fucktard who was trying to sell them to me two weeks ago for $1,350. Once again, people are panicking!! Explain to them what efect the margin hikes have had, and that they're most likely not done with them yet, and that helps your case. Most of the people that are selling tell me "Well, I was waiting to see if it would go higher, but I'm not a gambler." Then they usually try to get you to pay more by using some pathetic excuse, like, "It's for my mother, and she's in chemo...)". Tough. I pay what I pay. Find a better deal somewhere else. Of course, the longer you wait...

    Best regards,
    neonbeef

    ReplyDelete
  40. Uh oh, here comes the dollar! There goes commodities!

    ReplyDelete
  41. Greece just threatened to ditch the Eurozone.

    What did you think that was going to do?

    Keep the pressure!

    ReplyDelete
  42. Looks like the EU is starting to crumble. Greeks have had enough of the Germans telling them No Pensions, No UI, higher taxes. Bitchezz are saying fuck you we're udda here! Silver to the moon! LOL, come on my Irish drinking buddies your turn to hit the German with your shalaylee.

    Breaking: Greece Threatens To Leave Eurozone, Reintroduce Own Currency
    http://www.zerohedge.com/article/breaking-greece-threatens-leave-eurozone-reintroduce-own-currency

    ReplyDelete
  43. @Buckanear - how's 25% 2 year bonds for you? Well, I guess the $1 Trillion bought about a year.

    ReplyDelete
  44. I hope Greece says F U to the bankers like Iceland did

    ReplyDelete
  45. Here are todays words from Miles Franklins news letter.



    From David's Desk


    YESTERDAY, I RE-ENTERED THE MARKET AND PURCHASED GOLD AND SILVER BULLION AND RARE EARTH AND SILVER MINING SHARES.



    THAT WAS BEFORE THE FOLLOWING RECOMMENDATIONS HIT THE WIRE (SEE BELOW).



    I STILL HAVE CAPITAL LEFT ON THE SIDELINES, IN CASE GOLD AND SILVER CONTINUE TO SLIDE, BUT GIVEN THE OPPORTUNITY TO BUY GOLD $100 AN OUNCE BELOW ITS RECENT HIGH AND SILVER NEARLY 30% LOWER IS A GIFT THAT WAS JUST TOO GOOD TO PASS UP.



    FOR THOSE OF YOU WHO HAVE ASKED ME WHAT TO DO - I CAN ONLY TELL YOU WHAT I HAVE DONE. WHAT YOU DO IS UP TO YOU.



    GRANDICH, DAVIES AND SINCLAIR ARE NOT LIGHTWEIGHTS AND OF THIS I AM SURE - IF THE BOTTOM IS NOT IN, IT IS NOT FAR OFF.



    THE FUNDEMENTALS HAVE NOT CHANGED. GEITHNER SPOKE YESTERDAY, REALLY SAYING NOTHING OF SUBSTANCE, AND THE DOLLAR RALLIED SO OIL AND GOLD (AND SILVER) PLUNGED. THIS WILL NOT LAST. THE DOLLAR WILL CONTINUE TO SLIDE AND THE PRECIOUS METALS SECTOR IS NOW A SCREAMING "BUY."



    SEVERAL DAYS AGO I WROTE THAT I WAS VERY UNEASY ABOUT THE PRECIOUS METALS MARKET AND THAT I HONESTLY DID NOT KNOW WHETHER THE METALS WOULD CONTINUE TO RISE OR WOULD DEEPLY CORRECT. I SAID YOU COULD FLIP A COIN. SO I SOLD 1/3RD OF MY MINIING SHARES (ALL SILVER STOCKS) AND MOVED A LOT OF CASH TO THE SIDELINES - "JUST IN CASE" - AND TO BE ABLE TO BUY BACK IN AT MUCH LOWER PRICES. YESTERDAY AFTERNOON I RE-INVESTED ABOUT HALF OF THE FUNDS AND AM READY TO PULL THE TRIGGER ON THE REST, IN THE NEXT DAY OR TWO, PENDING ON WHAT HAPPENS.

    ReplyDelete
  46. Someone explain to me why silver pukes when the Greeks gave the finger to the EU. FML.

    ReplyDelete
  47. Silver pukes because the dollar is rallying. Watch $75 -75.30 for dollar resistance.

    ReplyDelete
  48. Yeah, Dollar climb, Silver pukes. Temporary, as always.

    The end game is here. ZH had that awesome circular diagram with 9 stages. Stage 9 was the US collapse, the final part. Stage 8 was a Eurozone Breakup.

    ReplyDelete
  49. Silver about to go negative on the day. Are we are about to collapse again!

    ReplyDelete
  50. For those that don't know what a honey badger is a funny link:

    http://www.youtube.com/watch?v=4r7wHMg5Yjg

    ReplyDelete
  51. could be another hit job on the commodities.??? put out some bogus BS that sends a flight to the dollar...(if this is the case..they are scared shitless of the dollar collapseing).

    ReplyDelete
  52. This comment has been removed by the author.

    ReplyDelete
  53. This market is fucking crazy. Get my fingers singed every time i get cocky thinking i can trade it.

    ReplyDelete
  54. Looks like it's now pure $ vs AG right now, AG is coming back!

    ReplyDelete
  55. Moriarity made some spiteful, childish comments today. This is not a balanced mind. I note his venom towards the silver investor, where he say we will see a "real crash" if it ever DARES to get back up to $47 in a rally. What is this bastard trying to do? Make us all slaves to the fiat system? He should be bloody ashamed, fucking bankster groupie.

    ReplyDelete
  56. ROFL, check out the poison 'revenge' on us all from Moriarity, he really fell out of his pram at some stage, hate-mail perhaps? I bet his underwear went damp calling us all fools and cheerleaders, haha, enjoy yourself Bob, we aren't stopping anytime soon asshole, battles are won and lost but this war is ours. No doubt you'll quote that the next time you're right Bob - which hasn't been very often has it?

    http://www.321gold.com/editorials/moriarty/moriarty050611.html

    ReplyDelete
  57. S, awaiting your update :)

    What a day, conspiracy, collusion and corruption. All in one go.

    I need a beer!

    ReplyDelete
  58. Two weeks ago the iTrust SLV EFT applied to increase it's shares base by 20% (50 Mil), and last week the CME slams SLV with margin hike after margin hike to "stop speculation". How does adding additional shares stop speculators - it fuels them when 85% of all SLV shares traded hands yesterday! Idiots! Throwing gas on the fire doesn't snuff it out!

    ReplyDelete
  59. Is there any difference between buying Eagles vs. Maple Leafs or the Philharmonics?? I have lots of Eagles and Maple Leafs...just wondering if Philhamonics would be a good addition to my phyzz inventory?

    ReplyDelete
  60. Jack,

    Can you post a link to that 9 stage thing from zerohedge?

    ReplyDelete
  61. bausti,

    usa crushes you for premiums on eagles, .999 is all the same in end, tho certain countries sheep will see THEIR provincial mugs worth more

    ReplyDelete
  62. Margin hikes CL???? THOSE FUCKING CUNTS. This isn't a fucking market, its rigged. They think they can control everything on high? Yes its the speculators fault then they get the big fucking banks to lean down whilst the exchanges collude.
    Fucking whores, cunt licking dirty ass whores.
    This is end of Rome style corruption. Hells too good for these CUNTS.
    AColin

    ReplyDelete
  63. couple hours to go...looking good...huge successful day thus far, monday's margin hike is a non-event.

    Do it up later, we should be at $30 on this $$$ rally!!!

    Celebrate!

    ReplyDelete
  64. Ya I went long (just a little) on the bounce today - glad that worked out, at least for now.

    They shoulda used some of those silver margin hikes on crude - spread the love around.

    ReplyDelete
  65. I am relatively new to this (been in silver starting in november 2009) and lately listen to the talking heads on CNBC. I've finally realized those idiots KNOW NOTHING! I would do better if I did whatever they say not to do.

    Today, I listened to some guest numbnut from Black Rock (i.e., SLV) who said silver was still overvalued. That the "traditional" ratio of gold to silver is 55:1. (Hmmm, guess his history is limited.) And that you should "be cautious". In other words, sell all the silver you got and head for the hills.

    Yeah, right! I guess they got to cover all that oversold shares they have.

    ReplyDelete