"The Decade of EPIC Begins"
Pick your side..Federal Reserve Note (fancy printing on tree bark or digital numbers) vs. Precious MetalsMan do I feel brainwashed today.. All my life I've been paid with tree bark. :(
DO NOT USE SIVR..LOOK WHO OWNS IT AND WHERE IT IS STORED...Global Partners ETF Securities has worked with the following organisations to develop a market leading franchise: HSBC N.A. - HSBC is one of the world's leading custodians for precious metals and precious metal products. JP Morgan – JP Morgan is one of the world's leading custodians for precious metals and precious metal products. Bank of New York Mellon – BNYM is one of the leading Trust administrators for precious metal products in the United States. World Gold Council - The World Gold Council is an organization formed and funded by the world's leading gold mining companies with the aim of stimulating and maximizing the demand for, and holding of, gold by consumers, investors, industry, and the official sector. Royal Dutch Shell - The Royal Dutch/Shell Group is a global group of energy and petrochemicals companies, operating in more than 140 countries and territories.
Line has been drawn around 38.20....we break it, where will the next line be?If we can crack 40 by the end of the week and hold, next week we'll test 50 again.
I think we need Paul vs Bernanke in the Economic Octagon! It got a bit fiesty. I wish I could see them together for 10 mins. I think Bernanke would cave first with the fistycuffs!http://www.youtube.com/watch?v=2Dj9v9s9buk
Another attack on the metals? These vertical moves down just reek of bankster manipulation.
How come Ledbedder isnt here telling me I'm a fucking donkey today? For any of you that had the patience and balls to buy and add to corn today was the beginning of payday. As I said 2 weeks ago. 8 handle is coming.
I had 42 calls on CORN :)!!!
i like the upward movement today but i fear it's going to get stomped down again in the next couple days.
@Mike: already booked my profits on my puts. Its called a stop loss. You might want to look up what that means. We've gone back and forth, but as I have said in the past I hope we ALL make money. That hasn't changed. However, if it would make you feel better you are a....BTW, did you also forget I said I was long-term bullish? Or did the meth erase your memory?
Just a hair under a 88% profit. I'll take that in a few weeks all year long.
What are you looking at SGS?Hypothetical trades with an IF. Qe2 was chatted on tv before it was to be. Markets can still plummet getting excited too quick on qe3. I'm hoping to grab some Janx12 30,35 calls on pull backs. Anything thing you're looking to do on SLV, IF such and such does this or that?Good idea to grab some out of but near the money aug puts.
LULU candle forming...and let me tell you its not good for longs...this should be epic
4:00ok day for myself.LULU did look good, unfortunatly i dont have cash to use today, so personally i hope it rallies 2% tomorow by 10:00, then you can double down, and i can get down on some puts and smile.bought some $.10 July 36 puts incase today was a fake out until real thing happens.if they stick to their normal strategy, they'll crush silver before friday only to let it run either friday midday or early next week.QE3 may be held off until deflation risk rises, as inflation risk is holding QE off. apparently.so we may restest Dow levels near November highs when qe2 initiated.11,500 on the dow would be bullish for me.
@SGS: WOW does that LULU bar looks horrible.Folks: do NOT trust this stock market "rally". As a matter of fact, do you have a few hundred dollars you can "lose"? Buy some ESU11 or ESZ11 puts.
SGS what do you think about NFLX?
Holy craps, the dollar index just dropped over 1% today. That's a move !
SLV DROPPED 10% OF ITS SHORT POSITIONS OVER LAST MONTHIshares Silver Trust $ 37.23 SLV 2.03 Short Interest (Shares Short) 33,439,500 Days To Cover (Short Interest Ratio) 1.3 Short Interest - Prior 37,334,000 Short % Increase / Decrease -10.43 Trading Volume - Today 55,917,648 Trading Volume - Average 25,522,700 Trading Volume - Today vs. Average 219.09 % ------------------------------------------------SGS will more than likely mention this in his update, but we just had another 857,000 ounces of silver taken out of REGISTERED and transfered to ELIGIBLE (customer) today to bring the total Registered to 27.3 million.Thar she Blows....
@SRS: thanks for the update!
GLD SHORT POSITIONS INCREASE 8% OVER LAST MONTHSpdr Gold Trust $ 154.14 GLD 1.37 Short Interest (Shares Short) 30,441,900 Days To Cover (Short Interest Ratio) 2.1 Short Interest - Prior 28,187,300 Short % Increase / Decrease 8.00Trading Volume - Today 26,256,289 Trading Volume - Average 14,286,900 Trading Volume - Today vs. Average 183.78 % ------------------------------------------------How interesting indeed. As the SLV dropped 10% of its shorts, the GLD actually increased its short positions by 8%. Going to be entertaining to see what the analysts take on this one will be.
NFLX is a joke. Their service sucks. Their movie selection sucks (canada). But they have no competition, as the Blockbuster down the street from me is now closing as well. So...no idea about this one. $300 is a huge psychological number and its getting too expensive for retail.Your question should be...what do you think of the overall nasdaq? B/c where QQQ goes, so does NFLX.
SGS,I've been following your blog for a few months and Tinka as well. I bought some shares in the low .40's and I love seeing it go up today, but without any news. What's your take on what's going on right now?Thanks.
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LOL! I saw this and nearly pissed myself laughing:http://www.zerohedge.com/article/petulant-teleprompter-obama-walks-out-negotiationsWord on the street: In most of the residential areas I deliver in, I would say one in five have a home garden this year, which is a good sign. I've worked at the same pizza place now for a few years, and this is a new development. The urbanites in my area, however, are still clueless.My pm's look nice today. I'd like to get more, but I'm going for firearms instead, before Obama decrees through Executive Order that we can't purchase them anymore. Safety reasons, you know.
Gee, the debt ceiling is going up and Shlomo will print. Huge surprise. Funny how the tea-tards, Russians, and Chinese all suddenly have print-o-phobia. This will be fun to watch and come down to who is holding the physical. I'll bet it ain't Joe tall-boy. Fuck it. Keep activating his EBT card and give him another year of unemployment while your at it. Orhama already said leave the driving to us, you don't know shit. Ha-Ha. They should have a PSA with Shlomo behind the wheel of a Brink's truck saying "relax, and leave the printing to us". I guess you have to be an old fuck like me to appreciate a vintage greyhound commercial. Thanks SGS.
sgs, fu. no seriously, keep doing what you're doing. good stuff
You guys see that Ron Paul/Ben Bernanke 5 min session from today yet? http://www.thestreet.com/story/11184107/1/ron-paul-attacks-bernanke-on-gold.htmlRon Paul: Do you think gold is money?Ben Bernanke: No.Here is the definition of money:Money is any object or record that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally in the past, a standard of deferred payment. Any kind of object or secure verifiable record that fulfills these functions can serve as money.That would mean... GOLD IS MONEY!
Just a quick update...the long forecast end of un-backed fiat money has entered the FINAL STAGE and YOU need to be ready for it. Get ready NOW because by THE END OF THIS YEAR our financial world will be completely turned upside down. EVERYTHING long predicted on the Road to Roota is manifesting as we speak.The destruction of the dollar, the end of globalization, the removal of the Bad Guys, the rising of Ron Paul to President, the removal of the Behavioral Finance Masters, the End of the Federal Reserve System, the destruction of all paper and electronic assets, the implosion of all debt and ultimately the return to a Gold and Silver standard. Watch for SILVER to blast through all the bankster "set-up" sell stops in the coming months. The CFTC, believe it or not, now has the POWER to stop the manipulators so we won't see another 30% slam in Silver...EVER AGAIN! All the Good Guys from around the world have focused in on the PHYSICAL SILVER MARKET...not the COMEX, LME or any other PAPER MARKET. The Squeeze is ON in Physical Silver and it will not end until JP Morgan goes down...and I mean 100% destroyed taking EVERYTHING else with them. Jaime Dimon has released his "Hounds From Hell" around the world to fight back but he has no hope of surviving what is coming. This is the end game as foretold in the Fed Comic books "Wishes & Rainbows" and "The Road to Roota". It will not be easy to totally remove these Bad Guys and it may take 6 months to a YEAR of pain and suffering for all of us but in the end they will be destroyed. If you haven't yet...Stock up on food now as come September shortages will be widespread and prices will be through the roof. As we head "Into The Darkness" I beg you all to watch for that glimmer of light in the far off future. There is HOPE out there...you just need to survive the storm. May the Road you choose be the Right Road. Bix Weir
86561b5a-78f3-11e0-9f8e-000bcdcb8a73: Hold your Tinka till they drill up nothing or they hit the Chimu. Soon you will know what to do. If you feel that 20% gain is good-sell it. I will hold till it goes back to my .15 entry or $3. Till then its all noise.
SGS, what's the Chimu?