There has been a lot of talk lately of $25 silver and a major selloff. This same talk that UBS used as their TA guidance in June as they said they would buy the physical metal again at $15/oz. Well that never happened.
There are so many possibilities right now, it is literally impossible to say whats next. All I know is that the trend line was penetrated yesterday, people got really short, and now they are getting fed, no lube, and taking a massive loss. I told you this would happen. This is what they do. Shake shake shake, get everyone offside, turn on the buy algo's, and go fuck hookers. Click here...
Anyone going into this weekend, let a lone ANY weekend short silver or gold from today till New years day, is gambling. Most gamblers seek treatment after they are broke.
Imagine if you turn on the TV Sunday night, and Greece actually has left the EU?
Happy Friday, and the countdown begins to Blythe's birthday! March 22nd. Yeah, I'm that guy.
ReplyDeleteJPM traders nailed
BrotherJohn Silver Update: Correction
ReplyDeletehttp://www.youtube.com/watch?v=ElF5POx-8j0
BrotherJ just got, using an SGS term, tuned today!
ReplyDeleteyou are that guy. keep up the great work. grab a cold one and enjoy the phyzzz.
ReplyDeleteI don't listen to anything Brother John has to say. Ever since he started promoting the purchase of numismatics I've ignored him actually. When is he going to start recommending worthless stocks like a baby Chapman?
ReplyDelete@DM - ONLY buy numismatics when they are released. Never pay $300 for a 1932 Silver quarter. Numismatic Silver is still silver, but will appreciate in value over the years, even if silver falls. And its always nice to have some super shiny one off shit mixed in with the pile of rounds and bars, because even though the future looks dreary, good always outweighs the bad. If shit doesnt hit the fan, these will protect your net worth in silver, because there is always some idiot collector that will pay out the ass for a one of a kind coin. Numismatic coins are only good to buy the month they are released, after that, watch em double even if silver doesnt.
ReplyDeleteWhat? There was a takedown??? I bought another 1000oz on this latest sale!
ReplyDeleteThanks highrise but I'm more a function than fashion kind of guy, in terms of PMs anyway.
ReplyDeleteIf shit does hit the fan the weight and purity of the metal will be all that counts I submit. Some coin you paid double or triple the melt value for will still be pretty and all but it won't hold it's value. If the shit doesn't hit the fan, which I tend to think is more likely, it could be a viable "investment" strategy to a degree. Don't know, it's just not my thing.
@DM - Its cool man. My bulk is bars and rounds, but I am also an eBay sniper, and I only buy numismatics IF i can get em at $1.00 or $2.00 ofver spot. Looking at todays prices, I wont pay above $43 for a generic, and wont pay above $55 for something really nice like a 2012 Dragon or a 2012 Canadian Cougar. I got $100 in Junk silver to go with my 60lbs of pure .999 and a small collection of really nice shit. IF shit is going to hit the fan, people like you and I will be aware of it in advance, and when that happens, I'll march down to the coin shop or list all of my nice shit on ebay, and watch the dollars pour in for something I paid a 1/4 of the price for.
ReplyDeleteAffordable numismatics are fine, actually, like those ATBs I bought in summer. 5% over spot is acceptable. You do get the recognition factor from the official mint. If it's 10+% over spot then it's too much.
ReplyDelete@highrise, why would you exchange for paper right when the SHTF?
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ReplyDeleteMarkets like resolution of uncertainty. If Greece left the EU and defaulted (as is ~80% priced-in), I believe gold could fall short-term (after a very brief knee-jerk reaction higher initially). Buy the rumour, sell the fact. Until later when the market begins to digest the possibility of another, bigger EU member doing same. Just my opinion which could be wrong.
ReplyDeleteBrotherJohnF very informative but once again spends too much time looking at charts which are a waste of time in a manipulated market. The only real benefit of charts is for JP Morgan. They can play the market of paper with the likes of BrotherJohnF and all the rest of the traders who believe in charts. For all of the suckers that follow charts it must be easy pickings for the Mogue because they can paint the chart whichever way they want to.
ReplyDeletePeople who follow charts are just sheep waiting to be sheared.
It doesn't matter what you say about Blythe she still has the Silver market by the balls
ReplyDeleteWith the Chinese, Russians, Canadians, Americans, Venezuelans, Mexicans, Indians, and-so-forth purchasing and taking da phyzz off the real market, the balls have blythe by the balls....
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