Wednesday, May 4, 2011

SLV margin Hike?

Urging you all to prepare for carnage if it happens. This is playing out exactly as I expected.

I will be here if the capitulation occurs...you will have a helping hand...I am now hedged with 300 contracts of SLV puts May 21 $45 strike. Trade paper for phyzz, you know the equation...this is temporary noise. August you will see new highs.

Click hear to read this...
Posted by at

35 comments:

  1. zepsterMay 4, 2011 at 11:58 AM

    Many thanks for the posts, but how can you margin SLV?

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  2. AlainMay 4, 2011 at 11:59 AM

    Those contracts are $680. You're telling me you got 200k in SLV puts expiring in 2 weeks?

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  3. JasperMay 4, 2011 at 12:08 PM

    I'm guessing they were bought some time ago as insurance puts.

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  4. unthought knownMay 4, 2011 at 12:18 PM

    i am about to buy the double inverse ETF for silver which means we are almost at bottom

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  5. Garry LindsayMay 4, 2011 at 12:21 PM

    This should chill people out

    http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/5/3_Eric_Sprott.html

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  6. unthought knownMay 4, 2011 at 12:22 PM

    apmex premium is down to just 2 bucks over spot.. guess they have plenty of physical now..

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  7. 2pac4yaMay 4, 2011 at 12:22 PM

    @unthought.... ZSL??? How longare you go to hold on for?

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  8. JFrancisMay 4, 2011 at 12:27 PM

    @unthought: ROFL - I sold mine at 39.80. That's why it's still going down.

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  9. unthought knownMay 4, 2011 at 12:28 PM

    2pac..i didnt pull the trigger..was going to buy yesterday but didnt have the balls to... almost pulled the trigger today and to me that is a sign that we are capitulating... I still think we see at least 35 but instead of gambling I have lots of cash so I will just wait this thing out and buy at 35,30 wherever..

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  10. unthought knownMay 4, 2011 at 12:29 PM

    dont feel too good either that apmex premium is down 33%... tells me by the time this thing is over LOTS of people are going to HATE silver... maybe even be able to buy in 20s

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  11. unthought knownMay 4, 2011 at 12:33 PM

    I expect so see one last "deflation" scare and than it will be game over for the dollar once Benny starts the printing press..going to be a LOOOONG summer and think we get prices MUCH lower than even today..

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  12. 2pac4yaMay 4, 2011 at 12:34 PM

    i am just glad I buy physical... this paper game is too fucked up for me... good luck guys

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  13. AnonymousMay 4, 2011 at 12:41 PM

    Buying Physical silver in the low 20's and teens is over. Even if the paper price hit that, where are you going to buy silver? Who's gonna sell it? Not me. Right now Spot is 39.30, Apmex is selling Eagles for $46.50. That is over a $7 premium

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  14. unthought knownMay 4, 2011 at 12:43 PM

    yes slamhound but apmex was paying 3 bucks for my silver eagles..now they are only paying 2..

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  15. unthought knownMay 4, 2011 at 12:45 PM

    just wait until the dollar rallies...and it will... let this thin play out...i see 2008 all over again...govt wants debt limit raised 2 trillion..end game is the same..just might have to puke a few times

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  16. kindabluzzayMay 4, 2011 at 12:47 PM

    Disagree with PUTS.

    Buying put is a fiat speculation: you speculate that paper price goes down, nothing less, nothing more.

    You don't need to 'hedge' (unless you're miner or refiner). Did your shiny piece of metal suddenly drop its value? Did it melt down or turn red? Did they suddenly find magic formula to create Silver out of thin air like they create money ?

    No. For me it still has the same value it had 400 years ago or in 1970. OK, perhaps a bit more because we lost lots of Silver in industry and we had more people on the earth demanding silver as money.

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  17. AnonymousMay 4, 2011 at 12:49 PM

    Unthought,
    Very true but that will change when the supply dries up Like News Units Twat
    FYI
    Go over to his board and see the shit he is spewing about SGS calling him a "Silver Shill"
    What a fucking used douche

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  18. RichMay 4, 2011 at 12:51 PM

    SI came .20 from the 50 dma. We might be seeing at least a short term bottom here, although in my mind this is too simple and too soon, but that may also be why it holds. If we lose 38.75 I'm watching 37.40, 36.75 and 36.15 areas for support, imo.

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  19. FinnMay 4, 2011 at 12:54 PM

    Man is this exciting. I agree that this is the "great deflation scare" play so they can scare the shit out of Congress and get their debt bill and QE(n) passed.

    I've never felt so good about silver falling. Personally I think they're going to take it too far and bring in a shit ton of physical buying.

    How do the bullion banks eventually escape the madness of the paper markets? You keep raising margins until the market clears. If they go to 80% it will only be the big boys, the miners and industrial users, central banks.

    Do they go to 100% and eliminate the paper trade altogether?

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  20. YousifMay 4, 2011 at 12:58 PM

    This comment has been removed by the author.

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  21. silvergoldsilverMay 4, 2011 at 12:59 PM

    "Those contracts are $680. You're telling me you got 200k in SLV puts expiring in 2 weeks?"

    More like $350K now ;), and in the money...got PUTS?

    Just playing there game right back at them!

    I may dabble with some phyzz at $37.50, but let it be known that if $37 collapses, $30 is the target...I was told this by a major insider last night....listen to the bears again...

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  22. silvergoldsilverMay 4, 2011 at 1:02 PM

    "Disagree with PUTS.

    Buying put is a fiat speculation: you speculate that paper price goes down, nothing less, nothing more."

    Just helping the paper price go down so I can buy more phyzz thats all...

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  23. JackMay 4, 2011 at 1:02 PM

    This is not a re-run of 2008.

    I'm calling a bottom, here, right now at 39.00

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  24. unthought knownMay 4, 2011 at 1:03 PM

    slamhound.. i saw news units post.. while I dont agree with it by any means truth is with the internet anybody can be anybody.. i do think sgs is long silver but when it comes down to it who the fuck knows..maybe it is blythe working undercover trying to suck in longs only to slaughter them.. again, I dont believe that is the case but crazier things have happened..

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  25. BuckanearMay 4, 2011 at 1:12 PM

    United we stand divided we fall. The good news for me is I only own physical and it will take me a week to unload and by that time the bitch will be back on the whip-saw rocket sled - LOL. GLTAL phyzz, BTW Schiff says looking good to buy now! http://www.youtube.com/watch?feature=player_embedded&v=iNmbSShp3iQ

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  26. justicetekMay 4, 2011 at 1:14 PM

    Why the F*ck do that let that A-Hole News Unit in here? Who gives a sh*t anyway, I hope more sheep sell their sh*t so I can buy it up at discount prices...you can only do so much to help dumbasses out...I hope this goes to the f*cking bottom!!! Means I get more for my fiat!!!!

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  27. UnknownMay 4, 2011 at 1:15 PM

    @Jack: I don't see a bottom at 39, I'm afraid. And if 36,50 does not hold, we will go down even further.

    I'm all with SGS: I am short selling CFDs at the moment, but I lost quite a lot with some long positions as I was trapped Sunday night (CET).

    But I am getting it back now.

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  28. erewenguyMay 4, 2011 at 1:16 PM

    Jack - I agree. BTFD.

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  29. FinnMay 4, 2011 at 1:17 PM

    Agree. $30 would be a dream.

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  30. FinnMay 4, 2011 at 1:29 PM

    Just checked Apmex...

    Premium on a new Buffalo silver round is $3.79.

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  31. walp86May 4, 2011 at 1:36 PM

    Omg, just touched 38, are donation made via pay pal? :)

    I don't see why people think it's immoral\stupid to earn money on the downfall, so that one can buy even more physical, is'nt that part of the whole plan?

    1. Make money somehow
    2. ???
    3. Profit in 'the afterlife'


    (I think we all know what ??? is :)

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  32. Uncharted ThoughtsMay 4, 2011 at 1:43 PM

    $30 would be awesome.

    The people who sell are going to feel pretty fucking stupid when the dollar collapses and they are stuck with nothing.

    Also, George Soros is known for bullshitting, just like that weasel Rothschild. Remember Rothschild made his fortune telling everyone Napoleon had won the war, the English market tanked, he quietly swooped in and bought it all up.

    Same shit here, this is a confidence game, they will shake out the weak speculators.

    Look beyond this, to next year, when the US goes tits up.

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  33. FinnMay 4, 2011 at 1:47 PM

    @uncharted...

    I just wrote a piece on Soros, take a look:
    http://silverstrategies.blogspot.com/2011/05/has-silver-and-gold-bubble-burst.html

    Nice Waterloo reference. The Rothschilds are some real sob's.

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  34. Adam ChalmersMay 4, 2011 at 1:52 PM

    If it hits $30, me and the MILF are having a very intense conversation about that home equity line of credit ;-)

    hahahahahahaha

    MILFs!!!

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  35. FinnMay 4, 2011 at 6:30 PM

    They did it. Hiked 17%

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