Wednesday, June 1, 2011

Gold vertical to $1545 **UPDATED

Dow down 160. Silver drops to 37.50 shaking out some some weak hands into Blythe short covering pit.

Same story, CFTC still on permanent vacation. What a great job to have, they do nothing and get paid a lot. I'm submitting my application today.

UPDATE*** Just bought PHYZZ!

A tube a day keeps the doctor away!

UPDATED AGAIN: Just bought PUTS on neflix, couldn't resist! RSI overbought.

39 comments:

  1. This comment has been removed by the author.

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  2. @SGS just wanted to say hello. The developments in the past few days have been very worrying (to say the least).

    I've started procuring supplies needed for survival. This is one thing I never thought I'd need, but I had a change of heart.

    I also wanted to say that I checked the tin foil hats @Steve is handing out. They were made in China. The irony is not lost on some.

    Good luck to all.

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  3. Wow what a BTFD opportunity that turned out to be.

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  4. yes bought the phyzz on that. also got my USP tactical. love it.

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  5. Just received my first 500 oz bought during the last drop. Second is on the way. 25 plastic tubes with 25 newly minted maples in each all nicely housed in a plastic box and strapped closed by the mint. I hadn't felt this giddy since Christmas morning when I was 8! LOL

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  6. BTW, although the guy I buy from has a 45 day delay on his site, it took maybe 3 weeks to get delivered registered mail. I spoke w/ him yesterday and asked how supplies were. He said the demand is as strong as ever. They can't mint the coins fast enough.

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  7. $250 Puts NFLX purchased. LETS GO!

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  8. You better update this post again. What goes up, must fall down.

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  9. @SGS, what exactly are you doing with that tube to keep the doctor away? Blythe the proctologist strikes again.

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  10. I bought $200 puts on NFLX a couple weeks ago. LETS REALLY GO!

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  11. what total bullshit silver down and gold up with all stocks down...all should take ALL money out of the rigged market..Fuck Them to Tears

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  12. zomg everyone l0ves teh NFLX! its the stock that can and never will go down!

    Why i didnt follow through with my instincts to buy some big puts on those index ETF's today is something i will have to explain on another day.

    Markets officially shit the sheets today. sounds like everyone was still hung over yesterday or something...

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  13. You survivalists are just sheep of another color. No different than the main street sheep. You are no better than the followers of the preacher that called for the end of the world last month. It's pretty pathetic that you have some survival sheep maxing out credit cards to buy the "precious". Well when no collapse happens in their life time, they will be screwed. No doubt a collapse is down the road but none of you will be around to see it. It must suck to go through life wishing disaster hits so that you can benefit. You can wish in one hand and shit in the other and all you're going to get is a hand full of shit. Polish up your hats!

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  14. Oh, you're just upset because God didn't pick you when the rapture came and left you behind.

    Better luck next time, fucklug.

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  15. @the sky is falling - if you feel that way, why do you bother coming to a sight like this. is it that your just an asshole, cause i cant think of another reason. so why dont you just go fuck yourself and stay away. oh and if something doesnt happen and you arent prepared i hope someone eats you. cause those of us who are preparing, well at least we are going to save a shit load of money using the stuff we bought, cause inflation is going up and there is no doubt about that. so eat shit buddy cause i know i wouldnt share with you.

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  16. USD index up?!? WTF.

    Silver down?!! WTF.

    This is insane. SIG P226 arriving next month, can't wait.

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  17. @ Brian....I visit this sight because it has good info on investing. Investing has nothing to do with the end of the world as we know it. If SHTF I have enough resources to survive but I'm not selling every thing I have or buying on credit to obtain what I need. Why don't you go to Vegas and wager everything you have on a roll of the dice. You could double your fiat and buy all the "World of Anarchy" shit you need.
    You're still drinking Kool Aide, just a different flavor.

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  19. @Weather unis: I can recommend a good proctologist for you.

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  20. Weather, the big news was already released on Yahoo. Justin Timberlake admitted he and Britney were doomed from the beginning :)

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  21. Another hammer time on SI in the last half hour.

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  22. Here comes Blythe. This is un-f*cking-believable.

    Last attempt at short covering?

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  23. went delta neutral to start day off.
    slept in and woke up to blythes finger pushing down. bought the dip. waited. waited. saw the cliff start and bought the dip on way down.

    6% up today on my account.
    just hoping to make it up 60% if we bounce back tomorow :)

    if not il be playing delta neutral every day and all month long waiting.

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  24. Wooohooo. Thank you Blythe, you wonderful wench.

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  25. i too was watching NFLX to take some puts on.
    I currently cant afford to make a strategic trade on nflx with options. if i cant afford a hedge, i pass.

    no rush, if nflx hits $298, then perhaps il play lottery with some put options :)


    SGS, i was going to ask earlier on your views on some Treasury etfs. the TLT and TBT in particular. i just closed a nice trade on TLT. wondering your trading perspective

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  26. lmao @ W-Unit, he is like leave it to Beaver, the Beav is always hanging around trying to get Wally and Eddy Haskle to listen to him and let him play with them....

    I laughed so much I think I shit my pants...roflmao

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  27. Holy shit, silver just dumped another buck and a half?

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  28. sold my puts too early today dammit...

    gents, keep your eyes on STHG tomorrow. should explode pretty nicely. half a cent currently, should close at 2 cents tomorrow hopefully.

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  29. News Unit says silver to $10 e.g. only a little more than as much as erm... copper!!!

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  30. @We The Sheeple

    With STHG, when did you get in and when are you looking to get out? I'm looking at 1.65 cents as my out.

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  31. @GL, as SGS has already said, Silver is actually going to $0, which is less than copper, and toilet paper... //News Unit says silver to $10 e.g. only a little more than as much as erm... copper!!!// ... that is, paper silver, like SLV. Phyzz, that's going skyward.* Look out gold.

    *There are a whole bunch of new silver buyers who would love phyzz to go to $10 so they could get their 1000 ounces while the fundamentals remain the same. For that reason, no chance of happening. What are you doing reading that blog?

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  32. 6:20 PM...didn't know I could be ass fucked this bad in the first 21 minutes. FUCK IT ALL!! I am buying: food, water, guns, ammo and everything that can protect my ass QUICKLY. Silver, right now, is too LONG TERM.

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  33. how the fuck is silver down ANOTHER 92 cents in the first 23 minutes of overnight trading if we're not all fucked BTFD?

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  34. Just got my first tube of Grizzly's! Nice fuckin silver man. I prefer these over Eagles, unless they are Proof Eagles, which are damn sweet as well. I actually sold 100oz of silver Sunday night and got about $41 per oz... now its dippin... time to Re-Up and then some. The profits go directly to gold coin, and the rest is to buy another 100 oz of silver at the bottom this week. How bout that US Dollar there folks! QE3 in 6 weeks or less!!!

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  35. @Me. I read all blogs/news and divide the info by the number of articles and try to find actually reality in the middle of it all e.g. a standard deviation curve of reality ( as I feel I live in the MATRIX half the time ). So far NEWS unit's personal articles appear in the < 1% percentile of reality. So I thought I would mention it, as it seems so ridiculous!

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  37. TINKA ANNOUNCES $5 MILLION FINANCING

    VANCOUVER, June 1, 2011 /CNW/ - Tinka Resources Limited (the "Company") (TSXV: TK) (Frankfurt: TLD) (Pinksheets:TKRFF) is pleased to announce that it has engaged Union Securities Ltd. (the "Agent") to act as agent, on a reasonable commercial efforts basis, for a private placement (the "Offering") to raise up to $5 million by the issuance of up to 10 million units of the Company (each a "Unit") at a purchase price of $0.50 per Unit. Each Unit will consist of one common share and one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one additional common share of the Company (a "Warrant Share") at an exercise price of $0.75 per Warrant Share for a period of 12 months following the closing (the "Closing Date") of the Offering, subject to an accelerated expiry date in the event that, after the date which is 4 months after the Closing Date, the closing price of the common shares of the Company listed on the TSX Venture Exchange is greater than or equal to $1.00 for a period of 10 consecutive trading days. In addition, the Agent has been granted an over-allotment option (the "Over-Allotment Option") to increase the Offering size by up to $750,000 (up to 1,500,000 Units) on the same terms as the Offering, exercisable at any time, in whole or in part, for a period of 30 days after the Closing Date. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company from the Offering will be $5,750,000.


    On behalf of the Board,

    "Andrew Carter"

    Andrew Carter, President & CEO

    Forward Looking Statements This Company Press Release may contain certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

    Neither the TSX Venture Exchange, its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.

    For further information:
    Company information contact:
    Mariana Bermudez at (604) 699 0202 or
    email:mbermudez@chasemgt.com
    website: www.tinkaresources.com Investor Information Contact:
    Bay Street Connect,
    Michael D'Amico
    Tel: 1.647.500.6023
    Em

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  38. There's more in the press release but couldn't
    fit it all in ..
    Came out at 6:30 EDT ..
    Probably at TINKA homepage ..

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  39. TINKA ANNOUNCES $5 MILLION FINANCING

    VANCOUVER, June 1, 2011 /CNW/ - Tinka Resources Limited (the "Company") (TSXV: TK) (Frankfurt: TLD) (Pinksheets:TKRFF) is pleased to announce that it has engaged Union Securities Ltd. (the "Agent") to act as agent, on a reasonable commercial efforts basis, for a private placement (the "Offering") to raise up to $5 million by the issuance of up to 10 million units of the Company (each a "Unit") at a purchase price of $0.50 per Unit. Each Unit will consist of one common share and one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to purchase one additional common share of the Company (a "Warrant Share") at an exercise price of $0.75 per Warrant Share for a period of 12 months following the closing (the "Closing Date") of the Offering, subject to an accelerated expiry date in the event that, after the date which is 4 months after the Closing Date, the closing price of the common shares of the Company listed on the TSX Venture Exchange is greater than or equal to $1.00 for a period of 10 consecutive trading days. In addition, the Agent has been granted an over-allotment option (the "Over-Allotment Option") to increase the Offering size by up to $750,000 (up to 1,500,000 Units) on the same terms as the Offering, exercisable at any time, in whole or in part, for a period of 30 days after the Closing Date. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company from the Offering will be $5,750,000.

    In consideration for its services, the Agent will receive a cash commission equal to 8% of the gross proceeds from the sale of the Units (including the gross proceeds received from the sale of any Units issued upon exercise of the Over-Allotment Option) and options (the "Agent's Options") exercisable into that number of Units equal to 10% of the number of Units sold pursuant to the Offering (including any Units issued upon exercise of the Over-Allotment Option). The Agent's Options will be exercisable, in whole or in part, at any time up to 12 months following the Closing Date to acquire Units at an exercise price of $0.50 per Unit. The Company will also pay the Agent a work fee and reimburse the Agent for reasonable expenses incurred in connection with the financing.

    The Offering is subject to the receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange. The securities issued under the Offering will be subject to a four month hold period under applicable Canadian securities laws.

    The net proceeds from the Offering will be used to finance exploration on the Company's Colquipucro and Tibillos projects located in Peru and for general corporate purposes.

    On behalf of the Board,

    "Andrew Carter"

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