Thursday, June 2, 2011

Tick tock...29 mill left....tick tock

CRIMEX NEWS:

Gold:
-9229 OI increase
-nothing deposited, and yes, we are in June now-delivery month, nuff said.

Silver:
-820,330 withdrawn...any questions?
-29.636 oz left in 'said' comex...So at this rate, we have 34 days left till its officially broke. Rest assured, its already dry.

I want to clarify a few things. Today sucked. All my puts went up, all my calls went down, all my longs went down.

I got out of Wildcat at 2.20 if anyone is still by chance sticking around. I usually dont stick around too long after a great NR like that, that takes the price down. Gay.

So there you have it. Today sucked. Nothing went right in the paper.

Let this be known; I have a good grasp on charts. But when my trades start to go the opposite way, and all of them, its time to sit back, cut down on position, and watch.

All I would suggest doing is buying Phyzz. If you feel like you can beat this market, go nuts, b/c I did today.

They can take my paper, they can take my air (derivatives) but they can never take my phyzz. Its in my hand.

So my million $$ advice moving forward: if you want to puke, bang your head on the table, swear, and throw shit-trade the PM's tomorrow.
Posted by at

37 comments:

  1. malcolmJune 2, 2011 at 8:47 PM

    "Throw shit-trade"!

    That about sums it all up!

    ReplyDelete
  2. timpaJune 2, 2011 at 8:55 PM

    SGS: I apologize for my ignorance but perhaps you could explain the "trend power" for me...thanks...Timpa

    ReplyDelete
  3. silvergoldsilverJune 2, 2011 at 9:14 PM

    trend power is a widgit, I have nothing to do with it.

    ReplyDelete
  4. flauntJune 2, 2011 at 9:20 PM

    Don't feel too bad SGS, I got anal-raped yesterday on my paper positions. We'll make it back.

    ReplyDelete
  5. AnonymousJune 2, 2011 at 9:25 PM

    Fuck, man, I love it when people finally get it.

    Paper is only good for wiping your ass. Sure, you might get lucky, or not get unlucky and make some physical silver out of the deal, but the risk of losing it all is great.

    We are approaching the endgame. May 1st signaled the switch from the beginning of the end to the middle of the end. The end of the end comes when COMEX is depleted. I'm fucking psyched that both you and Turd see this now. Time to abandon the paper trade, and get physical, and hold on for a wild ride.

    ReplyDelete
  6. LedbedderJune 2, 2011 at 9:31 PM

    SGS: Fuckin' "A"!!! Sounds like you're really pissed, and I am with you!

    ReplyDelete
  7. Fast MoverJune 2, 2011 at 9:33 PM

    Thomas M

    Amen brother!

    ReplyDelete
  8. SilverBullJune 2, 2011 at 9:53 PM

    I added to my UUP $21.00 PUT OPTIONS yesterday.

    Anybody like shorting the US$, then this is the way to do it limiting your risk.

    I added to AGQ Call Options position, too. Wghen silver is going down IS THE TIME TO BUY THESE OPTIONS! These trade like 3 times the price of silver. [EX: Silver up $1.00, this will be up ~$3.00.] The $200 CALL OPTIONS are a bargain now, imo, too.

    ReplyDelete
  9. Oldfordtrk1June 2, 2011 at 9:53 PM

    Been reading this blog since finding the bears video. In 2008 I woke from my slumber, and converted my entire IRA into physical. Over the last three years have removed all of it and paid the penalty. The paper game is nothing but a casino. The house always wins as long as you keep playing their game, it's designed that way. That's also why I paid a 10% to get out, they wanted me to keep playing. If you keep playing, expect more days like today. Nice place you have here SGS.

    ReplyDelete
  10. SilverBullJune 2, 2011 at 9:58 PM

    Or.....For a lower premium related to SILVER, you may want to look at ZSL PUT OPTIONS. This one trade OPPOSITE DIRECTION of Silver. It is not nearly as volatile as AGQ. AGQ is the shit, for me!MOST BANG FOR YOUR BUCK. ZSL puts are a more conservative vehicle. FUCK SLV!! WON'T touch that crap!

    SilverBull
    www.silverbullsilver.blogspot.com

    ReplyDelete
  11. vickatyJune 2, 2011 at 9:59 PM

    I've broken a keyboard and mouse in the last two days, wife want's to send me to anger management therapy.
    Just downloaded Anger Management with Sandler and Nicholson, gonna give that a try instead.

    ReplyDelete
  12. malcolmJune 2, 2011 at 9:59 PM

    Im close to closing out my e-trade account, it only holds TINKA, Corn, and FR. I might just sell the FR and Corn, keep my options/futures account opened and roll with funds there, that shit I could lose with out a single tear, house money!

    The end game is Aug-Oct!

    Greek, Ireland default! Fucking EU, will take down the whole system. Why hasn't anyone asked why the EU banks got so much FED money, almost a 3rd to half by some accounts.

    ReplyDelete
  13. malcolmJune 2, 2011 at 10:05 PM

    Silverbull,

    I done well trading SLV, some days over 1500.00, "read day trade". See, SLV"almost" tracks Ag, in that I can do puts or calls depending on the the direction, and because the price of SLV is only a dollar and half from the PHYZZ, I know where its going. But how does that work with ZSL? I get AGQ!

    ReplyDelete
  14. The News UNITJune 3, 2011 at 12:26 AM

    WTF!?

    ReplyDelete
  15. AnonymousJune 3, 2011 at 1:48 AM

    @ Everyone

    I am in the process of getting my "Bug out bag" together for when the SHTF. I have never put one together before. Besides my SIG P226 and a thousand rounds, any suggestions for things to include?

    ReplyDelete
  16. highrise408June 3, 2011 at 1:48 AM

    @JD --- Dude... The Weather Unit straight up jacked your quote today about bread... go to his blogspot, you'll see it.

    ReplyDelete
  17. AnonymousJune 3, 2011 at 1:53 AM

    @Highrise408

    Yeah, he jacked it.

    I was the one who actually posted that, cause I set up a new email and it used my initials. I am now back to posting as IslandStyle, since there is already another JD here.

    And while we're on the topic, anyone notice how insanely tiny Cadbury Cream Eggs were this year?? Shit shrank big time. Cocoa prices up, chocolate sizes down. With climbing wheat prices, pretty soon Mini Wheats will have to change their name to Micro Wheats.

    ReplyDelete
  18. highrise408June 3, 2011 at 1:57 AM

    @IslandStyle... knife, fire-starters, water filter/pump, magnifying glass, bug repellent, a machete, fishing line/hooks, rope, leather gloves, good pair of boots, hand warmers, edible plant book, compass,a few porno mags(just so you don't get too lonely if you get separated for a few days), nylon tarp, and a .44 magnum to fend off shit as big as a water buffalo. The rest is intuition.

    ReplyDelete
  19. SilverBullJune 3, 2011 at 1:57 AM

    malcolm:

    Not long ago, the spread was negative $1.00, when silver WAS higher.
    SLV is a fraud, like the Comex, as SGS elaborates here.
    ZSL is a due your own diligence, as AGQ is, also. ZSL is simply a counter/contrary to silver price direction. It has decent volume, so spreads don't kill you...(hope this helps)

    SilverBull.

    ReplyDelete
  20. gipsytreeJune 3, 2011 at 2:43 AM

    Psycho market bullshit!... Down on all my positions for the day!! But, hey, cant complain. Got a box full of 10 oz bars delivered today (Boing.. drool..) Never gets old. SO suck my dick COMEX. Just keep stacking guys..

    ReplyDelete
  21. AnonymousJune 3, 2011 at 3:01 AM

    Dear SGS. I should imagine your "girlfriend" a JP Morgue has a team collecting all of the blogs like yours on Silver and seeing just what's being done and recommended.
    She then waits for everyone to be "off-guard" and then springs the trap.
    That's why charts are a waste of time in a rigged market because they allow the enemy to read your mind.

    ReplyDelete
  22. mJune 3, 2011 at 3:11 AM

    http://2.bp.blogspot.com/_fXbqZxk67WU/TGlt_ZgppJI/AAAAAAAAAFc/49ilfh3gRCA/s1600/BubbleStages-Rodriguez.JPG

    ReplyDelete
  23. YousifJune 3, 2011 at 3:23 AM

    @SGS that's all it took to shake you out? I'm long WS. I'll be reconsidering my positions August.

    I usually look at weekly / monthly performance. I give very little attention to daily performance.

    As far as I'm concerned, I have purchased a consumable. The money is gone and is not coming back.

    Relax people! I agree that the market is rigged, but you can't make that statement because a share has gone down in one day. The rigging becomes apparent long term in my opinion (much longer than a few hours at least).

    Relax and enjoy the ride!

    ReplyDelete
  24. AnonymousJune 3, 2011 at 7:46 AM

    You're trading against this prick-
    http://youtu.be/4dEzNMx94s0
    and his legion of computers.

    I expected gold to make a new high prior to this Summer's takedown. It may yet. I didn't see the S&P rolling over till August. Maybe they'll slap some sort of financial psychological band-aid on the market till then, I don't know. Someone has to buy shlomo's paper, and it's gonna be the Fed, one way or another. All this talk about balancing the budget is bullshit, and they'll be begging for printing once 401k's head south in earnest.

    ReplyDelete
  25. Captain CornholeJune 3, 2011 at 8:23 AM

    Sunshine Mint silver rounds 99 cents over spot until 5:00 pm today. Great chance to BTFD.

    http://www.apmex.com/Product/55208/1_oz_Sunshine_Minting_Silver_Round_999_Fine_.aspx

    SGS, you were right, it was a browser problem.

    ReplyDelete
  26. The News UNITJune 3, 2011 at 8:46 AM

    Just buy TKRFF and phyzz and quit being a basher. (That was for me)
    The News UNIT

    ReplyDelete
  27. Buckanear2June 3, 2011 at 9:19 AM

    I get the feeling with the big money out of futures they can do what every they want. Little guys are like ants to be stepped on. The head game has to be scare the weak hands out. Bust the price and excitement about owning physical, which will stabilize inventories. No other reason to keep hammering day after day. The question is will there be enough buyers left after the shit kicking - will they all flock over to stable gold?

    ReplyDelete
  28. Buckanear2June 3, 2011 at 9:34 AM

    Google accounts hacked by Chinese. This hit the news last night that Google failed to inform account holders that they were hacked by Chinese. It was reported that affected people while on line might have received a request (out of the blue) to log in even though logged in. Sorry to say but I had a log in event on this thread last week out of the blue and it refused to accept my credentials. That verification e-mail to an alternate account never came even after repeated attempts. The next day I'm in as if nothing happened. Solution - immediately change your password.

    http://www.wired.com/threatlevel/2010/01/operation-aurora/

    ReplyDelete
  29. RichJune 3, 2011 at 11:30 AM

    Nice blog from John Embry about gold/silver

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/6/3_Embry_-_Silvers_Drop_is_JP_Morgan_Trying_to_Protect_Their_Ass.html

    ReplyDelete
  30. YousifJune 3, 2011 at 12:19 PM

    I got three words for ya:

    Quantitative Easing 3

    Bring it on baby!

    ReplyDelete
  31. Adam ChalmersJune 3, 2011 at 1:00 PM

    Is anyone going long the VIX? I'm thinking of buying some October calls. Thoughts?

    ReplyDelete
  32. ColinJune 3, 2011 at 1:23 PM

    Everyone knows QE2 is coming off so the market is going to drop.
    So it wont.
    Thats all you have to know about trading.

    AColin

    ReplyDelete
  33. silvergoldsilverJune 3, 2011 at 1:38 PM

    what happens if QE3 is priced in and we dont get QE3 till they tell us and at that point we have already taken a 35% drop?

    ReplyDelete
  34. AnonymousJune 3, 2011 at 2:25 PM

    Thanks Tom, got 30 oz of Sunshines! Grabbing phyzz is like sticking it to the man. I love it.

    ReplyDelete
  35. Captain CornholeJune 3, 2011 at 2:34 PM

    @tyrathca, you are welcome. Congrats on the 30 bullets.

    ReplyDelete
  36. ColinJune 3, 2011 at 2:34 PM

    Well yes, many things can happen but this is the most talked about topic for the last 6 months and the outcome is "common knowledge". When this has happened in the past I've gone groupthink and been rogered.
    So I'm taking the agnostic attitude, and gone market neutral with my positions.
    On the one hand we are coming off of QE but on the other despite the drop in the PMI the economy is still expanding.
    But I'll stick with what I said. I don't deny the monetary system and economy are buttfucked, I just think its more likely to crash when nobody is expecting it.
    AColin

    ReplyDelete
  37. AnonymousJune 3, 2011 at 4:13 PM

    @SGS: Then you BTFDYFI

    Come one, you're the one who coined that phrase, you should know this! ;)

    ReplyDelete

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