I wrote an email today to an email list I have tucked away for special "Fuck you haters" emails. It went something like this:
Dear idiots: Fuck you for not listening to me two years ago. You better start.
Something like that.
I had a guy come up to me the other day (I wont tell you what I was doing) but he asked me if I had any gold teeth, chains, or anything gold I would like to 'get rid' of. I asked him a simple question; "If you are here asking me for gold teeth, should I be buying gold?" You should have seen the look on his face, like the ohhh shit, this guy isnt a sheep look. I didnt give him any gold. In fact, I wanted to email him a picture of me gripping my boner, and see if he could appraise that. Idiot.
I have been getting some interesting calls and emails from China. It seems the major Chinese buyers of physical Silver are not buying from dealers anymore, as they are getting rapped on premiums, and they are going straight to the mines at spot rate. This is going to put a huge strain on deliverable product to dealers soon. Just a heads up.
I am very frustrated with Silver. I like to flip SLV options for quick profits, but it seems like its being held down again and $10 from its highs is bothering me. I have a very good feeling that the large commercials are adding insane short positions this week, especially when Gold comes back down off its parabolic move today. This will leave Silver vulnerable to get pumped back down under $40 again.
I sit here with patience, but that guy on my shoulder keeps telling me it should already be at $100 just inflation adjusted terms at a minimum. So, I will buy more PHYZZ on the next red day. DO NOT CHASE CHARTS, buy when CNBC is saying the silver and gold bubble popped, again, for the 43rd time this year.
I spoke with some interesting lips today regarding the Tinka drilling. This person is on the ground drilling. All I have to say is I will be giving a full report of this later. I actually dont want to write it, as I would like to buy more shares first. But for current shareholders, wow.
Within the next 6 weeks, if there are ANY dips I am buying both Phyzz and options as well as the miners. Hopefully, if my programmer gets his ass moving, the new site will have a very dedicated tab for this.
In the mean time dont chase charts. It never works.