Wednesday, August 24, 2011


Just got in, I have been watching from the Iphone all day. What a fantastic day, this was not a surprise 24 hours prior to options expiry. I will be back with a full commentary most likely by voice on video.

You buy on Red days. Today is just that. Welcome to the big leagues, yesterday in the video I explained I am not long ANYTHING but some miners, that includes SLV or any other silver equity. If I need to be clearer next time I will be.

See you soon.


  1. The question is...will it end today?

  2. SGS,

    I've been hearing about silver since Edgar Steele's email newsletters in 2005 (we see where he is now- talk about the man who knows too much). My little son turns 1 on Saturday. I guess that was the final motivation for me to buy into silver in July. I don't care about getting rich. I care about getting out of metro ATL before TSHTF. I have some phyzz, but I'm looking to tag along with these central banker crooks and raise some fiat funds to buy a little place up in the Appachians with a couple of acres to grow food. No complaints from me about your info. The signals on your COT report posts couldn't have been clearer. I bought PAAS, SLW, AG etc AFTER all the info on short action there. Waited too late to sell PSLV after the COT report revealed all the commerical bank shorts on silver. Like I said, I'm learning. I aint mad. I've made 850 bucks in less than a month, which is more than the principle could EVER make in a year at a bank. Looking back to Nov 10, I'm figuring the miners will definetly get a boost if QE3 is announced on Friday.

  3. Pretend I'm an idiot, what effect is the options expiration on Friday going to have on spot prices?

  4. Ledbedder said...
    The next 36 hours could be very interesting & very telling. I don't know if they have the nerve to sell paper so hard again tomorrow. SIU11 got as low as $39.09 before a nice bounce. Disgustingly, there is a gap at $35.634. Not willing to call that, as I am first looking for the traj. line to get hit and will re-evaluate if it happens. Next, I took the intraday low of 32.35 on 5/12 and the intraday high of 44.275 on 8/23. Its 50% Fib is 38.31. I also took the intraday low of 33.47 on 7/1 as a secondary look (obviously, still using 44.275 as the high). That 50% Fib is 38.87. Which those numbers come inline with my traj. line, so look for these level from here until The Bernak's speech. Traj. line is drawn connecting intraday low of 7/12 to low on 8/9.
    August 24, 2011 5:12 PM

  5. I"m looking at a box of Maples. Can anyone think of a reason NOT to buy them?

  6. I'm looking at a box of shit.

    From Drudge:

    "Perry Zooms to Front of Pack for 2012 GOP Nomination"

    You gotta be fucking kidding me. That switch hitter sell out dick-lock POS Bilderberg puppet boy fake ass Texan doesn't hold a candle to Ron Paul. Christ what's the point of voting anymore.

  7. Who gives a rats ass about the daily noise. You get excited too easily The end game is intact. Sprott et al the other brilliant minds are long on producers, bullion and oil, as am I. Monster positions in TK and KAM as well. The daily shit doesn't matter.

  8. @agthug they want you to think whats the point of voting anymore, No one likes the scumbag perry and everyone knows he is a scumbag and 99% of the people who end up voting for him will be thinking, I wish ron paul had a chance. Now man up and stop being a baby and stick with ron paul. Paul currently IS the top republican candidate nationwide. the non corrupt nationwide polls are telling us that ron paul is in front

  9. dont get fooled by the media and believe "black is white" you'll end up at the polls voting for someone else thinking, "i wish ron paul had a chance in the election" and he will lose by 1 vote, your vote. don't spread your negative garbage here

  10. @Lebdedder - re post in thread "Time to take a closer look at Gold and Silver"

    I printed a chart for SIU11 and drew the lines you identidied.

    dumb question #1 - 50% Fibonacci? is halfway along the line?

    #2 - please explain gap at $35.634 (I can't see it (don't know what I'm looking for))

  11. SGS,

    Hook me up with the IPs of the disinformation agents of the site when version 2 drops?

    Good to have on a rainy day.


    And Thorfinnr, welcome to the family.

  12. Perry made that Gardasil crap mandatory for the girls down in Texas. Who knows what he'll do for us guys to enrich his pharmaceutical buddies...probably all kinds of crap that'll be bad enough to make our dicks fall off and maybe lose one of our nuts in the process.

  13. @Commodity It's cool bra. I'm good. Little temper-tantrum never hurt anybody. :)

    I just can't believe the gooStreamMedia would try to float his sorry ass THIS soon.

  14. speaking of Iphones? why is not apple stock dropping like a rock with steve jobs resigning as ceo today?

  15. How about purchasing gold from your local hometown bank? Read about it here!

  16. @dasPro: a gap is a place on the chart where no trading has taken place. 7/12 had a closing price of 35.634. The next day had an intraday low of 36.015. There was no trading between 35.635 and 36.014, thus, the "gap". If you study technical analysis, gaps have a very high chance of getting "filled" getting filled means the price would eventually trade down to at least tie the price, which in this example is 35.634. Gap filling is not 100% either (then again, nothing is). There are 3 "commonly known" retracements: 38.2%, 50% and 61.8%. For example, if a $1 stock moves to $10 & it tops out (again, using other technicals), it generally will retrace 38.2% of the difference, which, in this example is $9. So, 38.2% from 9 is $3.44. You would expect the stock to move down to $6.56, then maybe bounce a little. Then you calculate 50% and then 61.8% for potential targets. I'm telling you, if you did as many 50% on charts as I have, you'd be amazed. Hope this helps.

  17. Anyone buy into Sprott Phyz Silver and Gold trusts [PHS.U on TSX]? I have a locked in retirement fund part of which I would like to invest in PM. (Note: I can not take funds out and buy Phz)

  18. What puts are you all gonna play? Bac is a given.

    I've been operating off a smartphone for weeks now. I'll be next to a cpu soon. Your picks will get me up to speed with analysis.

    I cannot play ESZ11 puts, but who's also got the magic ball like Ledbedder? Help a broham out.

  19. SGS....what are your latest thoughts on Tinka? What is a good buy price?

  20. dasPro : I had (notice the past tense) Sprott's phyz silver and gold. It's good, but surprisingly not as volatile as the other silver/gold ETFs out there. My only problem with it is the stock only takes USD.

  21. PaidIngold,

    Look at SDS ultrashort S&P 500

  22. @Ledbedder - OK, thanx. Digging deeper... I got the part about gaps (i think) these occur "somewhere" (black water trading, other markets, etc.) when we mere mortals are, otherwise, unable to trade because our market is closed. right?

    So, as far a "filling the gap" Are we simply waiting for the actual amount of the gap (i.e. difference between yesterday's close and today's open to be accounted for, in some fashion? In this case $0.379?

    With all the activity in the day, how can I tell if the gap has been filled?

  23. @MarkyX - ok, but PHYS trade on NYSE and (Canadian sibling) PHY.U trades on TSX. Should take Canadian fiat if traded on TSX?? No???

  24. The levels of moaning and whining have certainly decreased. This is a good sign.

    Hopefully, the Phyzz is moving into stronger hands.

    Once we're down to the stable hands who don't care about losing a few thousand here and there then we're ready to roll! At the end of the day, no one should get upset about fiat.

    I'm gearing up for a fiat dump this week.

  25. @dasPro: not the markets closed, per se, just there aren't any buyers or sellers willing at that point. I see no gap between yesterday & today. As far as to tell if a gap is filled, look at my above post (5:49 PM). That gap at 35.634 won't be filled until it comes back down to at least 35.634. As of now, I can't wrap my brain around that level, but we'll just have to wait to see what the bars tell us. Of course, another reaming like today would take us down to the mid 36. And as for this little pop we're getting tonight, I don't think I buy it. SIU11 is currently at 39.655

  26. Steve Jobs just pulled a "last gesture" Hugo Chavez and said FUCK YOU to the evil bankers, and he quit two days early, he will drive markets down tomorrow and the hurricane of the century will take over on friday. Options expiration targest are out of reach now FUCKERS

  27. This comment has been removed by the author.

  28. The only issue with Sprott ETF's are the premiums, but they stay steady unless silver/gold completely tanked etc... And obviously there is a risk the Canadian government seizes the bank vault etc... that Sprott has, but also aliens may land before then etc...

  29. MikeS: Geez, just saw Joey Vento died. Man, that is going to hit his customers hard. Ate there once. RIP Mr. Vento. Now, turning to SX11, have you looked at this chart lately! Less then 9 cents difference in the intraday highs on: 2/10, 3/31, 4/11, 6/8 and 7/19. That is pretty incredible. What is your thoughts? Does Rick track/trade beans, I would imagine he does. If it gets a bullish report (whenever the next report out), it looks like it will be a waterfall decline. Hope you see this post.

  30. Malcolm PHYZZ,

    Cheers. You looking at Oct? And what strike on the call? $34 is the maximum on my end. But the killing should be made around $30 strike, yeah?

  31. So where is the price going to land come Friday night? Below or above $38?

  32. @Ledbedder - no offence but Fk! That's not at all what I had in mind!

    Excuse me a minute... Jeez, fart, shit, dam, piss, ass, etc etc. ad nauseam. R U kidding me?! ... thank you.

    Have I got this straight? So, its not the difference of the two amounts but the actual amount where the gap occurred? So 35.634 was the latest gap? And, the price should come back down to that amount just because a gap occurred?

    Is there something psychological that is presumed to occur when a gap happens? this is difficult to understand.

    Thank you for your time! Sincerely!

  33. Steve Jobs: did he quit two days early?

    Premise: The S&P index is being driven up and gold is being driven down to satisfy comex options sold to investors by the big 4 banks.. C BAC GS JPM comex options expiration is on friday. I believe, in a last gesture, similar to Hugo Chavez's gold move (he is also terminally ill,) Steve Jobs may have timed his resignation letter to be in the face of manipulation of stock indices. If the options targets are not met on friday the big 4 may lose billions in options settling, because this past month had near record high volumes of comex options. The hurricane can be expected to take over screwing up manipulations later this week.

  34. PaidInGold,

    I bought Sept 27 calls on SDS @ .89. I betting on next week! Shouldn't have to hold that long, should quickly go to 27 next week I figure .30+ at least.

  35. dasPro - Nope. PHY.U and PHS.U are one of the few TSX stocks that buy/sell in USD price.

  36. short story, here in connecticut a panic due to 100 mph sustained winds forecast is going to start tomorrow, this might spread to the market and fuck up the bankers plans on friday, Steve jobs just gave a starter boost to this scenario

  37. @dasPro: LMAO!! I was taking it easy on you, there is actually at gap at 33.705, but that was too extreme. Hope that didn't get the heart skipping a beat. I want to stress again, gaps are not 100%, but they are way better than 50%. Like I said, gotta take this technical analysis a day at a time. On that note, I'm outta here.

  38. AAPL, puts anyone? Chappy says when Jobs dies, AAPL goes down 100$.

  39. So where is the price going to land come Friday night? Below or above $38?

  40. @dasPro: not to worry, there are gaps to the upside too!! Hope that helped!

  41. malcolm,

    Is that Bob Chapman you are referring to?

    Anyone shorting Bac?

  42. Malcolm,

    Fuck man, cutting it a bit close, no?

    The price is sweet but man, i can't risk September expiration.

    Best of luck to you on it. I will do some newbie Take and consider October expiration.

  43. Facking autocorrect...

    Take =TA


    October bac $5 put

  44. bobbydice, Yes Bob!


    I know, that is close I have until the 22nd. Btw Oct. has been historical a bad month for the market you may have something there!

  45. @ dasPro and Ledbedder,

    Thanks for the q/a session regarding gaps. I feel I learned something today...

  46. PaidInGold,

    I'm not disagreeing with your call, but just wanting to know why you chose the Oct $5 put?


    "chappy" is on the ball and I can see why he would say aapl would lose $100 without Jobs, look where that company was without him.

  47. Right now it is 6:25pm PST. Silver has been flatlining in the past 35 minutes while gold climbing up... Bad Omen.... Bad Omen.... May god has mercy on my portfolio..... :<

  48. take a breath,
    what will your nuggets be worth
    ten years from now?

  49. I bought a Dec 360 AGQ Call early august for $4.44 it hit 23 LOL I should have sold it! Greed gets me

  50. Bobby,

    I bought at its last rally, so i picked them up at 0.30.

    More than doubled so i sold half and i'm riding free for the first time rver.

    It's a $5 put, and before October expiration, i am hoping these fuckers go sub-$1. If not, I'll still cash out enough for a glock 19 hopefully??


  51. @dasPro: Don't get misled into thinking that gaps HAVE to be filled. You have to look at who caused the gap. For example, I'm currently short PANL. If you look at the gap between Tuesday and Wednesday, you'll notice that the gap between ~$35 and ~$45 occurred after a 20% move up on Tuesday. A 20% intraday move should be followed by some profit-taking, but the rally continued on into the next day with a 25% move up to $45. Why? Because a group of dipshit amateur traders with access to after- and pre- markets are scared they'll miss big gains if they don't jump in. So they continued bidding the price up. The thing is, the pros are going to take the amateurs to the cleaners once they've all been suckered in. Since very little trading occurred between $35-45, there are very few buy or sell orders in that gap. As such, there's nothing to support the price once profit-taking starts.

    Now, contrast the gap in PANL to the gap between $13.75 and $15 in CSCO two weeks back. The stock gapped up after a down day, meaning the pros quietly bought in before the big move up. Though there will be profit-taking to some degree, the chance that the price will retrace anytime soon is slim and indeed the stock may have entered a new trading range.

    You should also combine fundamental analysis when trading gaps. CSCO is a global company with a large product line. Despite its lack of growth in recent years, it can support a higher share price. Contrast that with PANL that only has a few screens and a stupid ticker symbol, and you get my point.

    Gaps in the commodity ETFs are a bit more complicated to trade since commodities trade almost 24hrs/day. Still, what I've provided should be a nice intro to gap trading. Hope it helps!

  52. A Fable by Aesop (translated by Rohini Chowdhury)

    Once there lived an ant and a grasshopper in a grassy meadow.
    All day long the ant would work hard, collecting grains of wheat from the farmer's field far away. She would hurry to the field every morning, as soon as it was light enough to see by, and toil back with a heavy grain of wheat balanced on her head. She would put the grain of wheat carefully away in her larder, and then hurry back to the field for another one. All day long she would work, without stop or rest, scurrying back and forth from the field, collecting the grains of wheat and storing them carefully in her larder.

    The grasshopper would look at her and laugh. 'Why do you work so hard, dear ant?' he would say. 'Come, rest awhile, listen to my song. Summer is here, the days are long and bright. Why waste the sunshine in labour and toil?'

    The ant would ignore him, and head bent, would just hurry to the field a little faster. This would make the grasshopper laugh even louder. 'What a silly little ant you are!' he would call after her. 'Come, come and dance with me! Forget about work! Enjoy the summer! Live a little!' And the grasshopper would hop away across the meadow, singing and dancing merrily.

    Summer faded into autumn, and autumn turned into winter. The sun was hardly seen, and the days were short and grey, the nights long and dark. It became freezing cold, and snow began to fall.

    The grasshopper didn't feel like singing any more. He was cold and hungry. He had nowhere to shelter from the snow, and nothing to eat. The meadow and the farmer's field were covered in snow, and there was no food to be had. 'Oh what shall I do? Where shall I go?' wailed the grasshopper. Suddenly he remembered the ant. 'Ah - I shall go to the ant and ask her for food and shelter!' declared the grasshopper, perking up. So off he went to the ant's house and knocked at her door. 'Hello ant!' he cried cheerfully. 'Here I am, to sing for you, as I warm myself by your fire, while you get me some food from that larder of yours!'

    The ant looked at the grasshopper and said, 'All summer long I worked hard while you made fun of me, and sang and danced. You should have thought of winter then! Find somewhere else to sing, grasshopper! There is no warmth or food for you here!' And the ant shut the door in the grasshopper's face.

    It is wise to worry about tomorrow today.

    (Don't folks, we got it covered...winter is coming one way or another.)

  53. PaidInGold,

    Never hurts to arm up. I picked up a S&W MMP 9mm a couple of months ago and I love it. 12 plus one in the chamber is a nice feature for a smaller gun.

    Thanks for the intel on Bac.

  54. @FuturisticEel: Tell me exactly how I misled dasPro when I wrote this:

    I want to stress again, gaps are not 100%, but they are way better than 50%

    Posted at 7:56 PM

  55. I never said you misled him. It just seems as if he thinks it's easy to trade gaps. That line of reasoning will get you burned, particularly in the commodities market. I wasn't really commenting on what you said, but rather what I thought is implied in his posts.

  56. Another thing is, the guy is concerned about silver dipping into the $35 range. I'm just giving him some stuff to look for so he can judge for himself the likelihood of that happening.


    I mentioned yesterday that there have been transfers of silver out of the Elibible (customer) and into the Registered (dealer) over the past several weeks. Two days ago they transfered 2.25 million in one day.

    Today this is what happened in the JP MORGUE INVENTORY:


    REGISTERED = 19,003
    ELIGIBLE = 962,160


    REGISTERED = 800,918
    ELIGIBLE = 180,245

    TRANSFER OF 781,915 to Registered today

    The JP MORGUE only has less than a lousy 1 million ounces of silver in its inventory. That being bad enough, it only had a measily 19,003 ounces of silver in its REGISTERED CATAGORY AS OF THIS MONRING!!! LOLOL

    Looks like something FISHY is going on as more and more silver is being transfered to the Registered.


  58. The upside for gold and silver will knock your socks off

    Read More............

    The Silver Chronicle !!!!!!!!!!!