Thursday, September 1, 2011

Silver Update


  1. talk about a correlated inverse algo on the SPY and PM's, thats not obvious or anything

  2. someone is trying to push silver below $41USD, I wonder who that could be???

  3. if someone can get me the data for the which way silver/gold move on NFP (non farm payroll) reported days that would be fantastic as I suspect a disastrous -500 to -700 print tomorrow...

    email it to me at

  4. ZH posted the next CNBC Gold Rush segment. Pisani went into the GLD vault and the bar he held up as an example isn't even on the barlist! LOL check it out:

  5. CNBC = More propaganda from the Cartel

  6. @SGS...I found the NFP numbers from 1947 through July 2011. I'll try to throw together a spreadsheet. How about we only go back 10 years 2001 - 2011?

  7. first time poster
    thanks sgs for all the great info

    option xpress raises margin on svm
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  8. I think what's going to be relevant about NFP vs price reaction is the consensus vs. actual number. I would be leary of drawing any conclusions because the analysts have been sandbagging numbers in a bid to be right about something for once. Goldman just cut theirs to +25K from +50K. So the chances of a downside surprise are diminished. Sure it could be a worst case negative print, but the chances of a disappointment are less as the estimates get more and more pessimistic.

  9. Hello SGS,

    can i find out wat online sources u use to purchase your physical as i the one i know is asking for a 20% premium

  10. Silvercorp Metals Inc. (TSE: SVM): fell by 4.44% or $-0.38/share to $8.18. In the past year, the shares have traded as low as $7.57 and as high as $15.60. On average, 956275 shares of SVM.TO exchange hands on a given day and today's volume is recorded at 587117. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $9.36 area but be careful because the stock may face selling pressure at this level.

  11. "can i find out wat online sources u use to purchase your physical as i the one i know is asking for a 20% premium"

    Have I got a treat for my readers or what. I have been working with an online dealer that is about to give me a 1/4% off just by inputting my code in. Its not much, but its something. More to come tonight on this.

  12. BrotherJohnF is an interesting guy. I have to admit I like his videos.

    Unfortunately a "little voice" is always nagging in my head.

    First:- Charts are pretty much a guessing game in a rigged market.

    Second:- He is positive that all paper will disintegrate and people will be left with nothing except the Silver they buried in the ground. Then he goes and advertises Mike Maloney who will store your gold and silver and give you a piece of paper promise. He has also mentioned in the past that people like Sprott, GoldMoney and BullionVault will also not live up to their promises. So he is rather inconsistent.

    I believe that all of the scare merchants who endlessly say you must have only PM's in hand that you can actually bite, are fundamentally wrong.

    If you have shares in a Blue Chip company and the Dollar, Pound and Euro collapse you will still have shares in that company. So he is completely wrong.

    I could go on about Real Estate but I won't because I'm even boring myself now.

  13. @georgersilver: Currently, charts in silver & gold need to be looked at on a very regular basis, but as far as not being able to make calls on futures contracts and not scalp $1,000 to $3,000 is not true. I have proven so on this blog. I don't sit at the computer all day, maybe I will day one day just as a test.

  14. "maybe I will one day" is what that is supposed to read

  15. @Ledbedder

    As the gambler once said "your hot until you're not".

    In my long life I've done it all including day trading, betting on the indices and outright gambling. I used to have 20+ gambling accounts.

    Everyone thinks they have a system.

  16. @Led - am keeping up with the Sugar commentary yes, will just keep an eye on it. Was already wondering myself about a dollar rally and commodity prices, a rally from here wouldn't surprise me at all.

    Looking to take a short position on the market soon also. I simply cannot believe there won't be at least one sharp dip before the next circle jerk on 20th. I did some calcs at home last night, Nasdaq I recall seems to have retraced much more than Dow and S&P since the lows in August, looks like it wants to swan dive into the crowd from the stage.

  17. @georgesilver: fair enough, but my many years of charting is not a gamble. It is not just silver & gold. Here is a hint: use a one day chart, and get 3 or 4 minute updates. That is all I've got to say on that. If you can't understand technical, then don't bother.