Thursday, September 22, 2011

Short Memories, the Golden Truth for clarity

Everyone always has a very very short memory when they loose money, but they seem to be invincible when they make it effortlessly. We are here to remind everyone what is really going on, the emotions you are feeling, and the thoughts you may be having. Certainly this isnt the first time this has happened.

We are in a COMEX expiration on Tuesday. That being said, 11% is a little off the charts, and I commend Captain Masters. Clap, clap.

Need to make a few things clear. Here at SGS, we stack PHYZZ. We buy going up, we buy going down, we buy going all around. Price is virtually meaningless to us. I notice a ton of complaining from people that are trying to trade the paper game. And I notice NO complaining from people who hold the phyzz.

Quite the dichotomy we have here. People are happy and sad but they are holding perceptibly the same thing-yet its so far from the truth.

Here is the formula, and I will repeat it again, and again, and again.

Stack Phyzz, put it away, and pretend it doesn't exist till you need it.
Trade options, juniors, and netflix (lol-I am actually getting very short term bullish for a quick trade on this pig by the way) to make ends meet, or whatever you choose to do with it I dont really care.

Just know that the more you stack the phyzz, and the more you get away from the charts, calls, picks, and ticks, the more healthy you will be in the mind. An inner peace knowing your stash is stashed and you are 'okay.'

Some of my trades are winners, some are losers. I try to mitigate short term pain (bad trade) with an options 'insurance' calls or puts. I keep it simple. For instance, yesterday after the announcement of no printing and twist commenced, the market gradually started to sell off. I am long SLV calls at the $40 strike Jan 2012, I have lots of time for these to get in the money(unless the people catch on that its a fraud then it will go to zero). So instead of dumping them all and paying commissions to those assholes, I simply hedge. I bought calls in the VXX, knowing full well the market would get obliterated. Did I know that silver would get pumped at 3 am along with it, and then again when the COMEX opened, (yes), but no lol-let alone 11%, of course not. If I knew that I would have bought 5 million PUTS, and I would have shut this blog down bc I would be on a fucking Island that I own for the rest of my human life enjoying grapes and coronas. My hedge, worked out to net 101% overnight and I exited the position around 3 pm. Thus, I did not lose anything on the SLV 'loss' I still hold. If you cant comprehend what I am talking about, but you are trading the things we are talking about and what others are trading in the comments section, I would advise you to stop-immediately. That will land you in the poor house quicker then putting it all on Red 16 on the wheel. Take it slow. Also, I have some people asking me to post my positions. That will be counter productive, as I am a lightening trader on 80% of my trades. By the time I post it, it may be gone already. For the longer term trades, I will do this on the new site.

The best advice I can give is this; take it slow. Stop trying to hit a home run when you are still in the minors. Wait a little, gain that experience and you will start hitting some good trades. The market will be there tomorrow. Its not going anywhere. There is NO rush. Secondly, Gold and Silver are the anti-crist to central banks. The volatility going forward, like I have mentioned several thousand times....wait for it...it may not be for you. If you have trouble sleeping, you are not trading, you are gambling, and you certainly have no idea why you are in the precious metals to begin with. You are speculating. You will get shaken out, you will loose your bankroll, and you will never 'play,' 'invest,' or 'trade' gold or silver ever again and blame it on the weather before you blame yourself for your failures. Get educated. You can start educating yourself in the new site. Although it will be slow with info, the educational tools will pick up as more and more advanced traders on here lend a helping hand to the new comers.

Lastly on these issues, if you are still confused as to what is going on, where this is all headed, and what you should be doing, please read todays Golden Truth Article. Click here entire article ...

Onto the metals.

I would first like to point out that Sprotts premium to NAV is 24.38%. The market is obviously telling us something with this product.

Is there a reason silver got smashed today? Sure. Again see the link above, but my insiders are telling me the heat is on at the JPM offices to cover those contracts. 11%. Seriously? I mean it was for the most part a leader by 40% loss than 80% of all the other comods. Really? THe little silver coins? Really? Does supply and demand drop that quick?

If you haven't guessed yet, the silver trade is the epicenter of this entire financial disaster thats looming ever so closely. Bets are made that could send shockers (thumb in butt) throughout the worlds markets. The tiniest little silver market has turned into the biggest trade of this decade.

If you are looking for some additional answers, or crystal ball solutions, I can only offer this: Take a break from the markets and especially this trade. In time, whether that be in November, March or whenever, this will all be in the past. Nothing has changed. I remain a buyer of the physical metal, at any price on big red days like today. Consider them gifts. Could we see $20, $5, $17.38 again? You bet. I am waiting for them to get there? Not a fucking chance. I will buy 20 monster boxes at $30 before I'd wait for $20.

Again, look for my twitter feed at silvergoldsilve or silvergoldsilver, not too sure why some of my posts are on one but not the other.

82 comments:

  1. Wise words SGS. I myself am a trading knoob. Although trading has always interested me.I simply just had a gut feeling about this ponzi economy, which really came to light in 08'when homo hank paulson held everyone hostage.There more I learned about the history PM's the more it made sense. For now I do whats simple and smartest for me which is STACK PHYZZ and hold! Im really looking forward to learning all I can about trading on your new site. Really enjoy feedback and input on this site by the regular bloggers who have a grasp of the reality of things (minus fucktard weather unit hehe)sorry had to get that in there.

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  2. Your best post yet SGS without a doubt. Not bad for a 30 something kid who's still learning. Well said. Now will the people who post here listen?
    I often find that those with the biggest mouths like weather unit are the ones who have fuck all to their names to begin with.

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  3. Ordered my one allotted 1 oz 2012 Silver Dragon today. Yeah, call me crazy for spending 150% premium on one. I just think they're kinda cool. Anyway, I did pass on the 1 oz 2012 Gold Dragon for $400 over spot, I am crazy, but not that crazy. $400 is 10 silver eagles. $60 is only 1.5 oz of silver. That is how my justification works...How much silver is this costing me?

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  4. Good post, SGS. Watching today's action all I could think about was buying more PHYZZ for $5 less than I did last week. It's like one of those after Xmas sales. Now if only 2nd amendment paraphernalia would go on sale in the same manner.

    I will buy 20 monster boxes at $30 before I'd wait for $20.

    Hell yeah. I'm pulling the trigger on at least one monster box. Under $20K now at Northwest Territorial Mint - about $400 less than APMEX.

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  5. As most of you know, I only stack Phyzzz. I dont play the paper games, nor will I ever. Silver and Gold are the only way I have been able to discipline myself to save money. My largest haul of silver was back in January at $27.50 with 150 oz. I had been tinkering around for months before, buying an OZ here and an OZ there, spending most of my money on overpriced beer at night clubs. After the first Bears video, It was all over. Silver was being purchased 20 oz at a time every month. I thought it was all over for purchasing when silver hit $49 the last week of April. Silver dipped in May. I took out a loan from my 401k. Bought another 100 oz. Silver, since then has been relatively stable since then, and today comes around. I read the "panic" comments from this morning and laughed. "They must not have physical" I said to myself. I went to work with a smile on my face today, despite all the bullshit I ranted about last night on here, and sat through the "diversity" training picturing my silver stash, and how "I was not loosing any money right now."

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  6. Premiums gonna go up like mad at local coin shops. These guys gonna figure out what is going on.

    So much truth in one post. Your post hits the spot and reads fluidly as obvious, yet it is amazing that the very vast majority of people are not able to keep this mindset.

    Realistically it is probably because people's insecurity of amount of fiat possibly obtainable (sighs greedy over useless paper), and constant brainwashing of garbage spewed... without realization that the fiat is not money. As SRS Rocco would say, the value of fiat is zero.

    The value of physical is wealth.

    All of this other stuff is just the ride to these two certain endpoints.

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  7. is it just me or did premiums significantly go up this night...?
    I dont check this too often but it seems like, compared to last winter, they doubled. at least in g€rmany (reference: gold.de), ...

    hey sgs, is there a chart on how premiums for standart coins vary over the last years..? and btw, would you consider premiums to be useful as an indicator...I am thinking about this, but maybe there are smarter people to do that ;)

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  8. @ ScottJ

    that is at least part of the answer I was looking for ;)

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  9. I have it on good authority that fuckstick Bart Chilton is really really sorry about today, and finally intends to come forward any day (year?) now and reveal what we all know: that JPM manipulates the Silver market. This time for sure (Part 87).
    So fear not, all of you gullible dumbasses, your time is near. Bart really means it this time. As soon as he is done felching Jamie and fondling Jamie’s nutsack, he will get right on it. This time for sure. Hang in there, (dipshit, moronic) Silver investors!

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  10. Shhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh. Embry is looking into Tinka ;)

    Red tail: whether you are canadian or American go to www.silvergoldbull.com, shipping is free for monster boxes I beleive, and put in the discount code sgb-sgs to save money.

    Ah yes, I feel like Santa tonight.

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  11. SGS I know about Embry. How can I send you an email?

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  12. thumb in the butt? you dirty dawg...

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  13. Thanks for touching on that premium to NAV on PHS.U and all it implied SGS.

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  14. @highrise408 Oh yeah, how did that diversity training end up going? Did they teach you to respect white irish folks? Perhaps english-accented ladies working for the JPMorg??

    Oh man, I wish I had enough $$$ to purchase a monster box...o to have excess Fiat.

    I love how everyone who is in paper is crying the blues while the phyzz holders are either sipping their Carlsburg or some other alcoholic beverage this evening. Strange is it how folks who have wealth feel more comfortable while those who look at digits on a computer screen are going bonkers. Oh well, off to go work out.

    Stay solvent.

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  15. APMEX SOLD 200 OZ OF GOLD EAGLES TODAY OUT OF AN INVENTORY OF 2,500, NOW DOWN TO 2,268.

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  17. Good one sgs .Greeting from Malaysia

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  18. @highrise408. I'm one in the know. Besides, you were bitchin pretty hard about it the other night on the boards. My money was on you calling it quits.

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  19. Hey SGS, a shocker is actually two in the pink, one in the stink (two in the grass one in the ass, two in the bush, one in the tush - you get the picture). A thumb in the butt? That's just being courteous.

    http://26.media.tumblr.com/GzSnns33io75c9vaTKIWxK4Co1_400.jpg

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  20. Good Post SGS,,, I didn't have any extra cash to buy the dip.. I called my coin store anyways, and they were wiped out of all Bullion, and had six silver eagles at noon.. I fill them in on the news, and keep them informed.. I called my dad who still has Way too much Fiat sitting around, and when silver hit 35.93 he bought two Monster boxes.. I think a lot of people are trying to call bottom.. Good Luck ! It could go to 32.00 tomorrow.. But I'd rather him not be waiting on back order while this Shit show goes on.. I just tell him I don't want my inheritance sitting around in FIAT ! lol

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  21. well this is my first post here..anyways..i really like this site.. and knowledge that i got. i just start stacking last month. trying my best to get as much as i can. anyways..i watch the price on ebay too..becoz it an actual market price..isn't it weird that the silver oz on ebay still going same price as when silver was 44/45 per oz. Scottdale 1 oz silver bar still going for $48. look like real market people don't care about the comex price...that how i check out the market in general... anyways..great post SGS..i'm sure looking forward to your new site. and i'm very interested in trading stock too.but now i just try to gather as much knowledge as i can . hope your new site can get me there ^^

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  22. Maybe it's all this fuckin metal i'm sitting on but let me ask a dumb question: is there anywhere that trade data lives and can be downloaded for mining & analysis? (i'm a quant-math guy in real life).

    Would love to run some of my anomaly/fraud routines on it to see just what in blazes causes big moves like this in such a short period of time.

    (I know it's manip, I want to trace)

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  24. I remember the 08 crash when silver went from near $20 down to under $10. I ordered quite a bit at around $11-12 but had to wait about 2 months to get it, and the premiums were high because demand was through the roof. 1000 oz bars were popular because you couldn't find 1 ounce rounds. Some people were getting the big comex 1000 oz bars directly from the exchange because that was all you could find. If Ag drops much more get ready for long waits to get your phyz order delivered. I will be very surprised if it gets below the May lows.

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  25. Aiisard Keep Stacking ! I Love this Site as Well ! I follow several, but Love these guys the Most ! They are just so Fucked UP ! lol This is a Real Site! SGS gave Great advice tonight on his thoughts... Physical is what matters.. The rest is just to make some extra, with some risk ! But he is Willing to Teach!

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  26. My gut says this time we are going below $30. My brain says we test the May lows and do not go lower. Am I doing anything trading wise, No, I am in this until the PM cycle ends. Could I make a ton more timing things correctly, YES. What will happen if I try that, I will get taken to the cleaners! Am I about to loose another $100,000 if it goes below $30, yep! I believe in the long story and this summer I lost more money trying to trade in and out than I would have if I had done nothing! I just do not have a crystal ball, or any trading balls anymore!

    A few weeks ago I said I was up 20% in a year, now I am down 5% in a year and a few weeks. Hows them apples, not so tasty anymore, but I will not be shaken out.

    I also bought a new last years model $40,000 mini van for the family at the 3% absurd rates today (waiting until this week to get an older 2011 model at 25% lower) ( when I could have paid with fiat ). I felt like a sheep but lets just see how absurdly insignificant those payments will be 2-3 years compared to what PM's should do!

    Lets just hope its not 2008 for equities AND PM's again and it hits $20. Ben will be in his Chinook way before then I would hope!

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  27. Do you just love it when you receive emails like "Bank of America Alert: Your Credit Card or Loan Online Billing Statement is Available"

    I feel like replying to the robot auto emailer and saying "Garry Lindsay Alert: Your insolvent company is about to goto zero unless you get more absurd amounts of Ben/Buffet bailouts, as all your loans are about to default, again. P.S. Hows about a refinance at 1%/100yr while your at it"

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  28. SGS, i hope your new site will have your twitter stream. i check your site daily and it would be beneficial for everyone to be able to see it while reading your posts dude.

    just a thought.

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  29. "WASINGTON -- Iranian President Mahmoud Ahmadinejad says that as an engineer he's sure the twin towers were not brought down by jetliners.

    Ahmadinejad, in an interview with The Associated Press, says it would have been impossible for two jetliners to bring down the towers simply by hitting them. he says some kind of planned explosion must have taken place.

    Ahmadinejad stopped short of saying the United States staged the disaster 10 years ago. But he says there are questions the world should resolve, and noted there are doubters in the United States as well.

    Ahmadinejad was denied his request last year to visit the site of the World Trade Center collapse. He says he's not making another attempt this year. He's in New York City for the U.N. General Assembly."

    http://www.huffingtonpost.com/2011/09/22/ahmadinejad-twin-towers-c_n_977039.html

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  30. Metals in complete collapse in Asia.

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  31. Wow, 50-1 ratio. Looks like we are hitting the May lows right now. We are going to test $30 tommorrow! This is nuts!

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  32. A guy in Singapore who knows his shit said minutes ago that the Asians were just waiting to see if the West gave them any more of a discount before they started B'ingTFD. ;)

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  34. Wikileaks released info this September in which China accuses US and EU of gold manipulation. Guess China just turned into a big conspiracy nut. Geesh! You too China?! :)

    http://cables.mrkva.eu/cable.php?id=204405
    http://english.aljazeera.net/indepth/features/2011/09/201199175046520396.html#disqus_thread

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  36. a guy in singapore who knows his shit, says he will get canned unless he can sell all multileveraged collateral copper positions by the end of the week, and transfer all of his trading capital back USD cash

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  37. @Commodity World

    No one made money doing what every(sheep)one was doing. Sure, you can catch an upside of some short momentum trade, but that`s about it.

    This is a great buying opportunity for gold and silver. Probably last one before QE3 which will come sooner than later. You can be sure of it.

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  38. Christ, silver down another 5% overnight. Almost at a 51 ratio.

    Anyone swapping Gold for Silver at this point?

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  39. You're up early WU. I'm doing great, just wish I had more to go sales shopping with.

    Of course, being rich helps. Good luck scrounging under couch cushions so you can buy another 1 oz. piece of silver.

    (FWIW, I like having you here.)

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  40. @CWN

    Must be talking about Jim Rogers. Ha

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  41. silver getting waxed for another 6% today alone. Wow. The question is, can they break through $33.00 with gusto? That level looks to be VERY strong support but if it does get taken out how long before all the phyzz out there gets bought up? The cartel brings the end nearer and nearer with each dollar they shave off. Idiots.

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  42. What happened to the Truthers now? They don't cry "manipulation" anymore:
    Truthers Join Banksters and Short Silver

    Maybe Blythe is SGS's wife?

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  43. I take no joy in it: but, the charts don't lie:

    felix said...
    @ledbedder - wow... $33.xx fk me gently!

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  44. BTW: don't you know TA is not useful in a manipulated market? You want to keep saying it because you're too lazy to learn it, more power to you.

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  46. Where from here Led? I'm about out of powder, considering swapping Au for Ag..

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  47. Can't wait to hear from the "master" here as he comforts all you sheeple following him over the cliff. That should be entertaining. Have fun on the new website where several of the poor guys can lick their wounds while those of you with net worths over a MILLION can boast being on the right side of your trades.
    Hi Ho Silver Away

    Actually I hope many of you here got what you deserve.

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  48. @D283:

    Ledbedder said...
    @felix: not sure if you'd see my response to you at an older thread

    Ledbedder said...
    @felix: I've done some calculations. I have three things saying that the bottom should be between $33.40 to $33.75. The absolute wipeout point would be a CLOSE below $32.35. I do not forsee that happening. SIZ11 currently at $35.94. Hell, one more plunge, and it will hit my target area. I do think it will be a violent spike down, and a huge rally off that bottom. Just remember, gaps get closed. Sorry, decided to not make it a long drawn out explanation as tomorrow, this could be in the rearview mirror.
    September 22, 2011 4:06 PM

    September 22, 2011 5:32 PM


    A CLOSE, not a down move then only to close above, but a CLOSE below $32.35 and I will have to do some serious TA.

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  49. Here is a post that I'm willing to be a man about: didn't think it would go this low. Gotta admit, can't wait to see where we end up this day.

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  50. For anyone that is beaten down like a red headed stepchild...there are gaps to the upside

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  51. God I hope we hit $5, might sell my kid for powder.

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  52. Highrise will probably jump off The Sears Tower today if this keeps up. Or he will come up here and visit me. Either way it's not a good choice to make. So he has no options.

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  53. @MIKE S: God speed, bro, god speed. Hope you didn't cling on to your "balls deep" trade.

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  54. @WU: that is a fair post. He did savage you, which I hoped he wouldn't. But, even though I deem it as a "fair post"...did you really have to do so?

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  55. WOW. TPTB are even more powerful than I thought. I will defend TA to the death because it told me last night that we still need to go down, but, now, this is insane. Time to look at the monthly charts. I'll regroup & try to post this weekend. In any instance: I have my PHYZZ and vodka, so I don't give a sh!t anymore.

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  56. uhh margin calls give you 3 to 4 days to pay them. 4 days from now the shit will hit the fan, this is a minor dip compared to the forced selling 4 days from now. you all should know this considering you have all leveraged your mortgage to get a futures position.

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  57. ledbedder and everyone else, the market is extremely tame when there is nothing open and silver has not gapped down at a market open. asians are selling when their market is trading and the selling continues into london and newyork. then the movement stops and waits until the asian market has opened before the selling resumes

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  58. Wow we touched $32.78 just a couple minutes ago. I'm listening to Bob Chapman say those that hold silver are going to be "...the millionaires of the future..."

    What's a million anymore when we are in debt $14.7 TRILLION?

    I will say this about PHYZZ. If you have PHYZZ you better try counting ounces then and not dollars the next few months.

    I'm going to get in this stuff too now. Got my second chance. Just don't want to catch the falling knife right here.

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  59. Watch for a gap-down here to $26 today.

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  60. When it breaks $26 then SGS's $5 price target will become more likely.

    I never thought he'd even mention $5 but then he's allowed to do so...

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  61. this crash is going to make asian banks sooooo weak,and jpm is going to survive due to this crash and buy out all the other weeeaaak banks who are losing on margin calls today

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  62. Watch for the gap-up here to $75 by year's end.

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  63. @WU and @D283: Neither one of you are correct. @WU, I have been looking for your $31.xx post but cannot find it. Will you re-post it and give us your rational behind it? As crazy as it sounded yesterday, looks like it could be hit today.

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  64. $32.50, Good lord. Wish I had fiat left to buy some more phyzz

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  65. @Felix: I feel I didn't do you justice, and I am sorry for that. Like I said, I'll start looking at the monthly chart this weekend & try to post by Sunday. Of course, I'm not sure if it will mean anything.

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  66. yahoooooooooo, glad I didn't buy yesterday, the sale is even bigger now.

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  67. 5ea: Exactly. I blew the last of my fiat load on some maples @ $39.80 the night before the fed announcement. Gutted. Down ANOTHER 10% today and it's only lunchtime here in the UK. America is going to wake up soon and be like WTF!!

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  68. Ledbedder: SGS deleted my post and he just mocked me over the last couple months. Now he is actually mentioning $5 SILVER so he changed his tune. I don't really care.

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  69. I'm going to call APMEX and ask them if they will sell me $100,000 worth of silver for $20.00. If they don't bite I'll just wait for lower. It's coming.

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  70. @WU: Well, I did look through the last 3-4 threads, so as sad as it is to admit, it does look like he erased it. Damn, WU, I've been asking why you make your levels..$29.99...why? Post at the newest thread if you do. Thanks.

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  71. I meant $20.00 per ounce of course.

    I wonder if it will go down to $1.00? Wouldn't that be something.

    At this rate now it might just as well do it and get it over with.

    I suppose those Perth Mint snake coins will be available now. They will drop down to the bullion price. What a rip off that was!

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  72. The 1 oz dragon has not moved off of its price of 115 at Gainesville. I bought 5 cougars the other night for 44 and they are now 36.50. I think I will be buying a tube of those today.

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  73. @WU: got it, gap like I posted at the newest thread.

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  74. Them dragons will probably be plenty now I like the cougars too but bought some too soon. I know they will run out fast because the RCM didn't mint a whole lot of them. Nice price for the cougars as they will at least be collectables. I'm going to try and get more of them dirt cheap but they might run out too. Buying those Cougars is going to be difficult here with the current fallout.

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  75. Maybe they will decrease margin requirements now. Any ideas?

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  76. I just made another 1k scalp in the QI buying the dip. WU dude do you work for the Morgue or something because your obsession with this site seems a bit odd to me? Are you short? Are you making money? Great, now STFU and go masturbate somewhere else.

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  77. "you all should know this considering you have all leveraged your mortgage to get a futures position"

    Who did that?

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