Wednesday, June 1, 2011

Inventories depleting, more lies, and I'm getting nervous for equities.

CRIMEX NEWS:

Gold:
-volume was 135,388...and it stood its ground, you see what happens when they dont throw unbacked paper at it? huh!? Fuck. Its so fucking obvious its unreal.
-gold vaults were a mess, no need to confuse you

Silver:
-257,458 withdrawn
-switch of 1,471,403 withdrawn. Okay. Got Scotia? Lol
-comex 'said' inventory down to 29.6 mill ounces

In junior news Tinka has secured $5 mill in financing I was waiting for. More on this tomorrow as I contact my peeps.

Wildcat had some great news today, but the giant sucking sound from the periphery markets killed it. From SH: "Within this zone, a high grade intersection of 6.9 metres averaged839.8 g/t silver, 7.12% lead and 8.17% manganese. This hole representsthe eastern most drilling on Wildcat's patented claims, indicating theHermosa mineralization continues east of the American Fault and remainsopen to the east on the Company's unpatented claims.
***** 26 ounces of silver in one ton of ore!!!!
10 bucks if they keep this up!!"

Took a position in the afternoon today on NFLX, $250 Puts. Let see what happens without QE3 apparently (I'm still holding those APKT puts as well, good thing for rejected orders lol).

Just so you know I'm getting nervous that there will be no announcement of QE3, and more of the let the world market get killed before forcing congress to print more theory is coming to fruition.

20 comments:

  1. Agreed, Pento thinks this also.
    They will go for a summer of total collapse again in the market and ofcourse golf will fall a bit, Silver will get hammered. JPM will be able to get fully out, finally!
    Then QE3 will be announced and Silver will explode causing margin hikes to make it 100% cash market, and Silver and G0ld go to the numbers we all hope for.
    Unfortunately, a loaf of bread and a pint of Milk and a gallon of gas will also feel like half your middle class monthly salary, forcing you to actually use your silver to live!!!

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  2. I'll use my USP before I use my silver for bread ;)

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  3. when will the sheeple disrespect the liars in public when they try again to be elected or re-elected..none of them deserve any respect...the system needs to be purged..and cleansed..so that honest money can again rule..and not bought and paid for politicians for only say what they are told by their masters....FUCK THEM ALL..DISRESPECT THEM ALL....IT IS WAY PAST TIME.....

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  4. @SGS - Hey man, QE3 is in the bag. TPTB know that there are over 600 Million well armed, and ready to roll citizens in North America. We out-weigh the U.S. military 100:1 - They have to do QE3 in order to secure enough time for them to retreat into their D.U.M.B.'s (Deep Underground Military Bases) before the self fufilled 2012 prophecy comes to the surface. Some major fucked up shit is in the works to sway the people...sorry... sheeple, into belief of end times. These soulless fleshbags will stop at nothing to ensure their RFID chipped, enslaved, neutral thinking zombies are on their side. But I think its gonna be the opposite. See, people are waking up, slowly, and at a steady pace, though not as fast as we could hope (like silver hittin $500/oz), and we will have revolution in North America sooner than later. This is the last chance for the people to exercise their right to freedom, and the only way, though some will disagree, is Ron Paul. A libertarian at heart, he realized the only way to beat these fucks is to run on the Rep. ticket. If ANYBODY but Ron Paul is elected in the U.S., WE ARE ALL FUCKED. We will surly see the beginnings of a real 1984 occuring. Im loaded, and ready to roll if SHTF, and I would rather die fighting for my rights to live free, than live with them violated, only to die wishing I took the other route. Oh yea... PEOPLE... quit whining about silver dropping a fuckin buck... you obviously do not listen to SGS... price doesnt matter... the silver we are stacking is NOT for turning a quick profit, its to ensure you live to tell your offspring the truth about the fucked up world we once lived in, how we fought for our freedom as so many before us have done for us, and how they can ensure it will NEVER happen again. Peace to all stackers, and slide rackers. Im out.

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  5. I have been reading here for a few weeks. Trying to get caught up on some of the slang. I find I am lost at times. But I wanted to say thx to SGS and others for what you say and do here.

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  6. First - I see some real nonsense posted here from time to time and it's kind of mind-boggling. I have to wonder if some people are real or if they're part of the goon squad fishing around for nutcases online.

    Second, regarding NFLX. I was looking into it as a potential short candidate last month and I couldn't decide whether it was a good one. Fundamentally, they offer a product that allows people to get entertainment on the cheap, which means in a renewed economic downturn their business would probably not suffer much and possibly grow as people ditch more expensive forms of entertainment like the movie theater. On the other hand, I haven't confirmed it but my suspicion is that there are quite a few hedge funds in NFLX. If that's the case, they're going to be forced to liquidate positions due to being highly leveraged. That liquidation could actually present a nice buying opportunity for NFLX. Hope it works out for you.

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  7. @Flaunt - Nice post... I agree with you 100% on the NFLX viability. I also agree with your "First" post. Yes... I know, I post some weird shit sometimes... and no, I'm not part of a goon squad fishing for nutcases, I am a nutcase, and damn proud of it. Either way, I agree with both of your bullet points. If my shit was off the chart, you haven't read Weather Units garbage yet. I yield back to the speaker. Thank you for your time.

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  8. are yhou saying your gonna jack somebody sgs....

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  9. Flaunt...you have peaked my interest. What kind of nonsense are you referencing about?

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  10. Since today is the middle of the year...Lets have a "within the next six months..." thread happen here sometime...

    Ill Start...

    Within the next six months... Silver will hit $60-$75/oz... the US$ Index will be below 68.50 and Gold will be above $1800/oz.

    I better stop now before Im the next weather unit... :)

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  11. 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"

    Andrew Carter, President & CEO

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  12. nig4life: "are yhou saying your gonna jack somebody sgs...."

    haha, i was thinking the same thing. pretty gangsta if he's gonna jack someone for their milk and honey.

    ---

    Within the next six months, gas will be $6 at the pump and you'll see a lot less SUVs on the road.

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  13. @seafar711

    You've been posting that press release on several posts.

    You must want to share since it's great news. Can you explain what this financing is, and how it affects current shareholders? I don't follow it much at all.

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  14. @Flaunt: I know what you mean on the nonsense but at least it's entertaining and provides some alternate perspective to get the mind loosened up.

    And yes, Netflix is the fuckin bomb - I know lots of people who won't drop cash for cable/satellite but love their Netflix, myself included. That outfit won't suffer from customers that are cutting back - at least not until gas breaks $10/gallon or broadband speed limits are imposed (eg, Comcast stepping on Netflix). Nevertheless, all stocks are affected by these market slumps (and many WAY over-valued atm), so NFLX will definitely present a great short opportunity from time to time imho.

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  15. yup. Lots of whack stuff being posted on this blog.

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  16. WHO the fuck is "Garry" Lindsay?????? A satanist?

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  17. highrise: Put the crack pipe down.

    re: Hey man, QE3 is in the bag. TPTB know that there are over 600 Million well armed, and ready to roll citizens in North America. We out-weigh the U.S. military 100:1

    Dude, QE3 ain't happenin' for a reason.Plus, your numbers suck!

    SilverBull.

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  18. READ.DON'T DONATE you cheap fucks.just read.....(and resident geniuses....)

    http://silverbullsilver.blogspot.com/2011/05/why-do-folks-come-here-if-not-to-make.html?showComment=1306995335506#c975884962557877105

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  19. SGS: You want me to be moderator here?
    (write me privately to discuss....)

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  20. anyone notice that JPM is raking in the gold deliveries this month?

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