Friday, August 26, 2011

SVM SilverCorp Update and why I'm all in With this one

Management sees the blatent short manipulation on this and is about to squeeze the shorts like lemons this fall into my range of $15. Management 'gets it.' I'm all in for the long haul on this one. To Zero or $100, giddy up.

"The Company is purchasing its own shares because it believes that prevailing market conditions have resulted in Silvercorp's shares being undervalued relative to the immediate and long term value of Silvercorp's portfolio of producing and development properties in China and Canada. The Company notes that the short interest position in its common shares has climbed from 3.6 million as of July 29, 2011 settlement date to 9.6 million as of August 15, 2011 settlement date, the most recent date for which short interest data is known by the Company. Under the existing NCIB the Company intends to acquire up to 10 million common shares. All common shares purchased under the NCIB will be cancelled. "

Click here to see the rest...

64 comments:

  1. SGS..what's your idea of "all in"?

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  2. All in= the amount of capital needed to make a shit ton of money for me. I already hold Jan $15 calls.

    And he we go with the delayed bank stock rally. Great.

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  3. SGS you have to be one of the funniest people on the net.

    What a day for the talking heads the MSM.

    "The idea came to me when I was in the bath-tub on Wednseday." - Warren Buffet

    -
    Oh geez, good grief charlie brown....

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  4. Banks up, silver down, yeah, makes complete sense....

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  5. Nice fucking dead cat bounce today, geeze! Corn!! what champ!

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  6. Nice mention on the corn upside action.

    Additionally,

    Copper brokeout to the upside... should be positive for metals (trendwise, not short term volatility proof).

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  7. Dollar down, indexes up. I guess are pricing in QEx.

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  8. @ledbedder - re gaps and fills. There was a gap in FIS on TSX this morning of about 25% (sheesh!)

    ... still don't know if I am understanding this ...

    In your opinion would this gap need to get filled?

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  9. Why is it only SGS has up to date news?

    When I look at Harvey and the rest they are always telling me what has happened a day too late.

    I'm no genius but I actually know what's happened 24 hours ago.

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  10. They pay a divi as well. I'm in as I have been watching as well. Double bottom at 8 here or 7.95 my buy.

    Go SVM

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  11. If only my broker will clear the fiat I just sent them. I guess they want to make sure it is only freshly printed and not those silver dollar bills...

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  12. http://dont-tread-on.me/the-silver-stealers/

    Good Article I found on history of silver.

    “WHAT A SCOPE AND WHAT A HORIZON OF WORK FOR THE NEXT TWO CENTURIES, THE BEST ENERGIES OF THE BEST PEOPLE IN THE WORLD; PERFECTLY FEASIBLE, BUT NEEDING AN ORGANIZATION, for it is impossible for one human atom to contemplate anything, MUCH LESS SUCH AN IDEA REQUIRING THE DEVOTION OF THE BEST SOULS OF THE NEXT 200 YEARS. There are three essentials— (1) The plan duly weighed and agreed to (2) THE FIRST ORGANIZATION (3) THE SEIZURE OF THE WEALTH NECESSARY.”

    (Here on page 557 they admit that the year 2002 might be the halfway point for their dream of global Anglophile domination. “Best souls” means “most conspiratorial minds;” “first organization” means The Pilgrims Society of London and New York; and “the seizure of the wealth necessary” means many planned disasters caused by government actions negatively impacting the wealth of nonmembers, and those outside the ranks of such unofficial subsidiary organizations as the Council on Foreign Relations, which has long served as a staffing agency for multiple Presidential administrations. “The seizure of the wealth necessary” means many particulars, the first World War; Britain’s attack on the world’s silver money system, starting in India in 1926 with the decision of the Royal Commission on Indian Currency; the Crash of 1929, facilitated by Federal Reserve policies; the Great Depression, caused by Britain’s attack on silver; Britain’s attack on gold in September 1931, exacerbating the depression; seizing gold from American citizens in March 1933, and seizing silver in August 1934 to the extent of 113,031,000 silver ounces; driving China off its silver standard as of November 3, 1935 through the Silver Purchase Act of 1934; FDR’s socialist federal agencies; the second World War; the founding of the United Nations; the Korean war; the ending of silver coinage by the mid 1960’s; the Vietnam war and its war manufacturers windfalls; and all the ensuing major financial dislocations since that time to the crushing of the Hunt/Arab silver play in January 1980; to today’s mortgage crisis; forcing the middle class into apartments (feudalism); exportation of industry and jobs; reduced standard of living; Food and Drug Administration tyranny; the anticipation of hyperinflation; and concerns over a potential Federal nationalization of precious metals! It is to exert against that last eventuality that I present this essay, to place this specific elitist organization on public notice that they are now known; a partial summary record of their past attacks on gold and silver money and ownership; and a partial list of specific identified Pilgrims Society members involved over the years, acting to suppress gold and silver as money and against the commodity prices of each, and acting against citizen ownership of both!)

    ...

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  13. BOT 100 SVM JAN 20 '12 15 Call Option .350 13:40:50

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  14. Sweet little scalp there... Thanks, SGS. (I'm keeping track for a donation..). Maybe I'll go long....

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  15. I have a small amount ($5000) sitting in cash in a Roth waiting to find something fun to throw it at and watch grow. This is money I can't put into physical silver. Looks like you guys are buying options... Is this something you think might be good to buy $500 worth of shares and let ride? Thanks for the input.

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  16. If this is true, talk about a game changer for sure.

    Wynter Benton: Central Bank Annoucement on Accumulating Silver as a Reserve Asset Imminent!
    While the silver community is divided as to the legitimacy of the Wynter Benton group (ex-JP Morgan traders fired by Blythe in July of 2010 looking to now destroy JPM using their own naked silver shorts), the latest Wynter Benton message posted today is such a dramatic game changer if true, that we felt we must post it.

    The Wynter Benton group alleges that a major sovereign central bank has been accumulating physical silver as a reserve asset and will soon publicly announce this fact.

    Confirmation of the remonetization of silver by CENTRAL BANKS could well thrust a final dagger into the heart of the cartel.

    If true, The Doc's $70 silver target for the end of 2011 may well end up being humorously low.

    Perhaps this explains silver's nearly $2.50 jump today to $41.27, and perhaps this could also explain why China went from exporting 100 million oz of silver /year in 2007 to IMPORTING 100 million oz in 2010?

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  17. @marzipan its difficult with certainty to just "throw 5000" at anything and "watch it grow" unless you ARE talking physical.

    Check out the market, we're falling
    possibilities in nyc: exchange losing power monday when the subway floods underground wires. streetlights will be out also.Also, facades of nyc buildings are not rated for 80 mph sustained winds only the superstructure is by nyc building code, I just discovered that this is an issue on building code websites.

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  18. It looks like the Cartel is losing the Silver battle.

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  19. @felix, since my broker Optionsxpress is too big of a vag to go into foreign markets, I am unable to help you out. Sorry.

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  20. @SGS, I'd consider the action "close enough" :)

    Ledbedder said...
    Because SVM has to hit its third target, which is below 7.74. Just draw a straight line. Connect the intraday low of 8.07 on 6/17 to the intraday low of 7.74 on 8/9 and wait until it hits the line on...?? then you will know you'll have at least a bounce. Don't dismiss it.
    August 18, 2011 8:14 PM

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  21. SVM close on August 18th= $8.43 Today's intraday low= $7.70

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  22. My prayer tonight will be: "Dear God, please let the cornholes from Jacksonhole push ESZ11 up to 1210.38, but preferably to 1243 so I can mother F'n buy some puts and make a shit ton of fiat when it goes back down. Amen"

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  23. Gold sure isn't acting like a "popped bubble" is it?

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  24. @ledbedder - received you comment re: FIS (no worries)

    I drew the line, as you suggest, and understand the bounce - thanx

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  25. Gold going para again - shit!
    CME will beat this bitch down again and again and again. Hats off to the plunge protection team with Flash buy Packets - great job boys - keep slapping the red lipstick on the pig.

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  26. am i seeing the last part of a head and shoulder formation on the gold chart?

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  27. @felix: gold would have to go sideways a couple of days, IMHO, to form that other shoulder, but, hey, next week we should have our answer.

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  28. In a * MARKET * gold and silver would be going to the moon. However, we know there is no * MARKET * here. Only 50 thousand computers programmed to set the price of paper PM to whatever TPTB want.

    That's not a * MARKET * that's a conspiracy.

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  29. @worldnews: I understand what you're saying and I only put 10% of my principle into any one trade so not all $5000, but $500. My question was if this is something you guys think is a quick options flip situation, or to invest in stocks as it is an undervalued solid company.

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  30. Everything was up today... That can't last just means there's a lot of money moving around. Stock market looked pretty weak in my opinion but it's so oversold I don't want to short it. Gold was super strong and it's going to go straight up if the CME doesn't hike margins yet again.

    There's still the possibility that everything gets sold off in a scramble for liquidity, but we can be sure the Fed is ready and willing to step in to "save the day" if that happens.

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  31. sh*t is too funny, gold got back $120 from yest about this time .... "NOBODY KNOWS ANYTHNG," william goldman

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  32. cool video from 1965:

    http://www.infowars.com/flashback-de-gaulle-and-the-gold-standard/

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  33. @flaunt: say my prayer when you go to bed tonight, and at those levels, you should have the nerve to short! LOL

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  34. SGS,

    Someone a couple posts back said that you followed Graham Summers and thought he had a good track record. Is that true?

    If so, do you know he is super-bearish short term on everything? He's shorting gold and lots of different stock markets. He's expecting a 2008 repeat.

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  35. Hats off SGS. You nailed this one. No big whup today. God, I wish I still drank or smoked. -I need a massage.

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  36. @Ledbedder,
    I closed out my SDS call yesterday for 40% gain, missed the bottom of the market to around 11 PST. Bought more at S&P 1180, now I now you want it to go up to 12~, but we cant have that, or Ill be underwater :) Im looking for a low of around 1000 of the SP before the printing starts!

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  37. Maybe a hot rock style one with silver rounds instead? That would make for a "happy ending" to this week for me, I think.

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  38. @marzipan, SGS can't give you advice on stocks hes not financial advisor. Its hard for anyone too, unless they know your situation, Almost all options are extremely expensive right now given recent market volatility, and some parts of the market are nearly reliably rigged. So it's difficult to play options with the extreme time decay of the price. Just keep looking at the posts and comments til you see a trade setup you like, or look at a guru's history til you see a guru you like. there are thousands of trigger finger traders in manhattan who get info we don't so find a guru.

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  39. my gurus are clive maund (short, intermediate, and long term trades), jim rogers (long term trades)

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  40. @malcolm: I did say it was a prayer!! :)

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  41. Thought of the day, "I woke up early for THIS???"

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  42. Although some of us knew that the metals smack down on Opex was coming, it appears blatantly obvious that this was nothing more than a bail out move. Today's upside action was beautiful and for those that had the kahones to look into the abyss yesterday at 1710 and hit the Buy Button, God Bless. Any metals weakness is a gift and you should take advantage by adding.

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  43. What if the market is closed for a few days, due to the Hurricane? When it opens, up is not the direction it goes!

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  44. For those that want to get a feel for Rick Ackerman's system and just how well it works, he did a free webinar today and in real time identified trades using his system...

    http://www.rickackerman.com/2011/08/looking-for-trades-friday-morning/

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  45. @malcolm (and everyone else) B.H.O. will save the day, just ask this fool: ( I BEG, BEG all of you to watch this!!!!!!!!)

    http://www.youtube.com/watch?v=P36x8rTb3jI

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  46. Tom H: where are you? You usually have a good joke. Heward, where you at my PA bro? PaidInGold: I know you're M.I.A. due to travel.

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  47. I immediately bought some Skank of America puts after the ESF channeled 5B into it via Buffoon. I'd like to hold him down and stuff rocks in his mouth.

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  48. not that us true silver bulls need any more encouragement, but this is a classic: SGS, make this your theme song on the new site?

    http://www.youtube.com/watch?v=FywT-txGuss

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  49. Guess nobody is going to fucking comment on this, eh? That's ok, I know I NAILED it:

    Ledbedder said...
    @SGS, I'd consider the action "close enough" :)

    Ledbedder said...
    Because SVM has to hit its third target, which is below 7.74. Just draw a straight line. Connect the intraday low of 8.07 on 6/17 to the intraday low of 7.74 on 8/9 and wait until it hits the line on...?? then you will know you'll have at least a bounce. Don't dismiss it.
    August 18, 2011 8:14 PM
    August 26, 2011 3:40 PM

    BTW, SGS was wondering what was going to happen to SVM..and all the regulars know I usually don't give a damn about stocks.

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  50. Yea, technical analysis is dead. OH, did I just see Santa Claus?

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  51. @Justin: where are you? We "miss" you! LOL

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  52. @Ledbedder,
    Nice TA! Fucking hilarious vid! Good luck with that, lady! Welfare state mentality! If she was TBTF then she could say that! LOL

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  53. More details why to stay away from SLV ETF. Always read the fine print.

    http://seekingalpha.com/article/289219-stay-away-from-the-slv-etf?source=yahoo

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  54. @malcolm: I knew you'd like. On that note folks, see you Sunday night.

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  55. SGS, I've got about 5k play money to put into mining stocks. Not concerned about losing it. Just looking for highest potential return.

    Would you go with Tinka, Kam.v, or SMV ?

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  56. Ledbedder

    I probably play That Silver Warcry at least once a Month.. He really should up date it though.. 500 is really starting to sound, too Damn Cheap !

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  57. SGS, I have $1 million I need to spend on a charitable donation (for tax-break purposes). Paypal is my preferred vehicle. Any ideas?

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  58. This comment has been removed by the author.

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  59. This is a sure fucking thing, period.

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  60. This company looks like a sure bet to invest in, but what's with the charts. Does the chart analysis show a head and shoulders for SVM, and does this indicate that it will to sink in price very soon? I want to pick up some SVM, but the chart is a concern for me. Any comments?

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  61. @Don: Personally, I'd like to see it make a new 52 week low & wait for a 1-2-3 bottom & confirmation to happen, but with this stock pertaining to metals, it might not make it, even though it is only .97 away. If I were you, I'd go lite to start & buy on momentum.

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