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As 88% Of SLV Shares Outstanding Trade Yesterday, The "Silver Put Buyer" Generates A 68,294,229,502,717.3% Annualized Return
Our friends at Lighthouse Investment Management point out something rather amusing: yesterday, yet another day in which the SLV saw far more notional volume than the SPY, the ETF traded 87.5% of its total shares outstanding. In other words, virtually the entire holder base changed hands.
And just as amusing: for those who recall our post from April 11 in which we highlighted that an SLV put buyer bought roughly $1 million in SLV $25 July puts, well we have an update: as of today, the same mysterious buyer has now made about a 500% return on his or her investment (with a peak of 700% yesterday, or about 68,294,229,502,717.3% annualized). So fascinated is the market with this development that even Dow Jones has dedicated a column on it: "Market watchers want the anonymous April silver bear in listed options to take a bow. The unknown investor's mid-April $1M bet that iShares Silver Trust (SLV) would hit $25 or lower before mid-July is worth more than $7M after this week's plunge. Not just the drop in price, but huge jump in price volatility, has goosed has enriched this trader's options position. "The investor didn't get this trade right. He or she got it spectacularly right."
Of course, at the rate silver is moving today, we may see a few more margin hikes out of the CME just for good measure.
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The hit job is confirmed.
Couldn't be a big bank, because all our banks are sound, honest, free market (non teet sucking) entities......
...or, wait a minute.......
what is this bullshit. a true insider would have bought the most leverage puts at $49 and gained few thousand percent ;- )
It was Eddie Morra.
is it dangertime?
I smell more bonuses for Dr. Evil's crew and The Morgue.
This is why I don't trade; if you trade, your money is exposed to this kind of insider theft.
Agreed completely. That being said, it is speculators on both side that open up cheap buying opportunities.
Probably the same person that shorted airline stocks shortly before 9-11. I'm sure that our crack investigative team at the SEC will shed light on this silver transaction the same way they did....oops.
+911
SEC Is Hard On the Case
The crack investigative team at the SEC is busy shedding light on the new tranny porn download with the Mary Shapiro look-a-like tranny...
Then they've got that Sheila Bair bodage porn download... I mean case... to review
...SEC destroyed pre 911 Put Options http://www.youtube.com/watch?v=vm7drmDZlx4
http://www.youtube.com/watch?v=umrafy7MKyc&feature=fvw
We're making some progress.
http://tfmetalsreport.blogspot.com/2011/05/cinqo-de-bottomo-part-ii.html
Nice -- $35 to 37 sounds like as good of re-launching pad as any - my physical is fine for decades so no worries this week or next month
Want some humor? I bought silver again last week at $45 before the take down and for some reason, am totally cool with it. I bought only 250 oz's, but I KNOW deep down this pig will fly so friggin' high one day that I don't care. And I know that without volatility, the banks don't make money, so they need these swings to flush and reload.
But, it feels weird as to why I'm ok with buying at $45.
There is incredible strength underneath it and, fraud notwithstanding, physical is still flying off the shelves.
More humor...I was smart enough to buy SLV June 40 strike puts last Thursday for 0.88. They traded over $7 yesterday and are still near $7...unfortunately I thought Monday morning was "the pullback" we had all waited for and sold them at $1.66....and then added more PSLV at that current "bargain".
i've had that feeling b4, takes a couple days to shake off
I bought the same at $1 but its hedging my losses so I'm not up/down from $40
When I go to the bottom of the abyss on this one. All I can pick up is a regret trap. This is a short term ploy to make people regret not selling and then get back in with more. Which will lead to a bigger regret next time. When there is no getting back in.
It's just too much pressure on the dollars 72 squeel line.
I have a feeling your small regret will come back to you many times as an increased security. I was going to buy a few oz at 45 but inflation keeps eating everything. I may let go of some gold and pick some up but it's so risky as my coin shop is devoid of anything decent. It just has really kitchy stuff and overpriced collectables for the last 6 months.
The consolidations are too much. Nobody left to throw to the wolves. All the food is in your own house. No victims left.
Thanks for the analysis turd. I look forward to your posts.
Couldn't resist. Ordered some more physical this morning.
Did all the action over the last week ease the pressure for physical silver? Did people sell it, or was the action in paper only?
A lower price certainly won't stop me from ordering more.
MrBoompi: I have 250oz that I was buying on the way down. Biggest queues at the bullion dealer (here in Aussie) that I have seen since the GFC. My last batch of 100oz physical is June Delivery.
I was feeling bad at $49.5 it looked like it would blow off parabolic way too early. In my view this correction is good news, well it let me buy in again much cheaper than the $50 mark.
No fucking way people.
IT IS COMPLETE BULLSHIT.
Market makers would lose their shirt.
CBOE crooked bastards of evil.
Who filled/wrote the order?
Answer: they did it amongst themselves.
Option chains are not infinitely liquid and only so many contracts are offered at a particular ask price.
I have had issues when trying to sell a mere 10 contracts, completing my limit order.
Sure, all the ZH'ers were writing high risk, low premium return puts.
I gave up koolaid, some years back.
"Answer: they did it amongst themselves."
Exactly. Where you get that money. I wons it in stock market. For realz. It's not counterfeits.
Yes, the JPM got it right.
The fix was in. Another day of perfect trading.
Trading (gambling?) in these markets is like playing Texas Hold 'Em.
The Big Chip Stack pushes the other players around when so desired.
guys that bet that size don't last long. Bow while you have the chance
". . . don't last that long"
Unless they know what's coming before they put the trade on.
+68,294,229,502,717.3%
DaddyO
Wasn't that silver etf originally sprinkeled with 130 million warren buffet ounces.
http://www.silvermonthly.com/162/analyzing-warren-buffetts-investment-in...
And didn't it go to england for some weird reason.
And isn't this barclays new fund SLV.
And didn't barclay and blackrock merger.
And isn't blackrock part of blackstone.
And didn't morgan stanley default on 3 billion from blackstone.
And isn't blackstone buying up morgan stanleys real estate in Japan
http://www.bloomberg.com/news/2010-07-22/blackstone-said-to-seek-morgan-...
And isn't SLV etf just a bad bank trying to convert to a good bank. Real silver.
And what the fuck is going on here.
Blanchard and Company, a large retailer in rare coins, names the six "clearing banks" that handle gold bullion transactions as: "Barclays Bank PLC, ScotiaMocatta, Deutsche Bank AG, HSBC Bank, JPMorgan Chase Bank and UBS AG."
EXACTLY - this was not Joe down at the local market - it was either the FED itself or one of their henchmen. Either way - it was a risk free trade as they know what was coming. I just wish I had pockets deep enough to throw a monkey wrench into thier operations - but alas I do not -- sssiiigggghhh.
BTFD bitchez
What a farce SLV is. Those who defend this POS as legit should be ignored. GLD too.
Ed Steer reports his coin dealer had his biggest days the last two. Many more buyers than sellers. I'm pretty sure this is what happened across the world. Anyone else have any information on this?
Bay, This fight will be fought and won in the coin shops and small dealers. The weapon of choice will be junk, silver rounds and small bars. The foot soldiers will be j6p, and we will win.
+1 quadrilion
Silver For The People
http://www.youtube.com/user/BrotherJohnF?feature=mhum
"Market watchers want the anonymous April silver bear in listed options to take a bow"
Yeah, take a bow. It's amazing how good your trade was. I'm sure you knew absolutely nothing about the 5 upcoming COMEX silver margin hikes in 8 days. I'm sure that you were just as surprised as we all were...
Whatever. I made the same play albeit at a strike price of $34 and sadly I don't have the same amount of play money to throw around. Now I have calls to ride the train back up. rinse, repeat.
I took the opportunity to pick up 100 Austrian Philharmonics at a discount price. Thanks, JPM.
700 SAE's here. 30% drop in a week? Yeah I'll buy.
Yep, got 300 oz myself. Options are just insurance as well as a vehicle to obtain more physical.
I too picked up longish dated SLV calls in the "play money" portfolio. That's just leverage to turn into "real money" later on. I also converted Fiat-On-Hand into another 400 oz Physical for the retirement/preservation/reinvestment pools buried in the backwoods.
I live near a major urban market. This concerns me for TEOTWAWKI security: my lifespan will likely be short. However, it's just great for liquid physical markets. I've got 4 local dealers to shop rates across, and between them there's always enough supply for my demand.
I don't know how you Silver Hawks in the boonies manage to score quality bullion in quantity, but keep at it! (I certainly wouldn't trust eBay.) I guess I'm spoiled by doing cash-on-barrelhead/metal-in-hand transactions for good coinage. When I see a shortage in supply here, we will all know that the end is damn nigh.
Yep, big fear here is that physical price will outpace my ability to buy, hence the options to provide the fiat that the metal holders still value for some odd reason...
Comparing Silver 2006 vs 2011, both had:
Margin Increases
Similar Price Action
Billionaires Selling
Commercials Short Covering
Check it out: http://www.bullionbaron.com/2011/05/did-increasing-margins-break-silver-...
I read that BB. Good article and thanks.
IT WAS TALEB!!! DUH!!!!
Exactly my first thought!
"express with out of the money options a very small probability, but if you get right, boy, you never see a public plane again if you get that right!"
I'd imagine he's earned his private plane on this one :)
Take a bow? How bout take several punches to the head and midsection. These paper ponzi markets are really corrupt and a joke.
I would take solace in the fact that this brings the COMEX closer than ever to default, as it has made physical silver much cheaper to take away from them, and off the market entirely.
Those who buy and hold physical will do well, regardless of whatever paper foolishness occurs.
stfu
BTW, bought when you said trendline to zero.
Thanks, profits already.
Any other ideas I can trade against?
I guess a retard like you wouldn't know the meaning of the words "trend" "infinite volatility" or "physical".
I know if I do the opposite of what you say than I am guaranteed to make money.
You're like an enhanced version of Cramer.
Ok, don't put any of your money into dollars. No matter what you do, don't keep them there and be sure to pay lots of attention to the rising prices of everything.
Don't eat shit, and don't die, cool guy.
Also, if you had followed your brilliant plan for the last year, and shorted silver when I went long, you would have lost everything. Don't think about that too hard.
Actually....
My trading plan has been:
Short silver (last week), Long silver now
Long USD vs. Franc (yesterday)
Short oil (yesterday)
....those were my biggest money makers.
I could care less if you believe me. There is another poster on this board that is aware of my trading acumen & plan though I won't call him out by name. If he is reading this and wishes to confirm my above he is more than obliged to do so.
I'm buying physical silver.
So you might want to avoid that stuff.
I also own physical gold, so treat that stuff like it's radioactive.
You keep doing what you're doing, smart guy. I'm sure that paper won't blow up in your face at any point.
You keep walking around with silver shavings in your pocket. Let me know when the grocer accepts them.
Found out today the grocer won't accept my CVX shares either...
"silver shavings... Let me know when the grocer accepts them" LMFAO
If I was your grocer, I would accept your CVX shares. That's a good company.
Can I pay you in FRN's instead?
lol, you are a moron. My silver will be spent on nothing but gold. And we WILL have a gold standard again. We're about due for another, as the 40 years we have been without one is in the 90th percentile of fiat currency lifetimes. If you count the gold confiscation as the end of the gold standard, then we are the second oldest fiat currency regime in history, and the oldest to have not yet had a hyperinflation.
Also, spot silver is headed back down. How are those paper longs doing for you?
I would suggest you pull your head out of your ass before you open your mind. Otherwise, you will get what you have already--shit for brains.
Wow your record is as good as JPM! Perfect top calls, perfect bottom calls on everything!
You should start an investing rss feed so people can subscribe.
Eh....
NatGas/AG didn't perform well yesterday. I wasn't expecting the sell-off in NatGas to be as pronounced as it was, though it certainly didn't shock me.
When tmosely said silver had a "trendline toward 0" 4 days after predicting $49, I knew the bottom was in. I even stated it on ZH.
Uh huh, and yet here we are, barely above $35.
Your short attention span is going to get you killed, boy. I'm up 200% over my dollar cost average, and I'm still buying more.
Enjoy your viking funeral atop your burning paper, douche.
Bob, any thoughts on the article above or just more TMos trolling today?
Just trollin' today. Thanks for asking though.
Whassa matter. Coffers not refilling?
I don't know about you guys and gals, but i get the sneaking suspecion that these markets are nothing but a fraud cake.
You can see it right now in the Au 1500 defense. They thought that they were finished for the week and that the psy-op was 'mission accomplished', but now realize that they need to lace-up their boots one more time for a Au beat-down before retreating to their three-martini lunch. Truly makes me sick.
I'm fairly certain that you can move past 'sneaking suspicion' and go straight to knowing
CEO of the CME
Yep. Insider information is only prosecuted when you use your real name and trade in the USA.
You just have to use a shell company or shell person to trade for you...
Big deal...like it was someone without the info of the beat down beforehand?
Used to be a time in this country where such a BLATANT case of manipulation and insider trading would be investigated...now the media whores hold such a case up on high for admiration.
as long as its on the same side they are on
Imagine what that put would have made buying agq instead.
"In other words, virtually the entire holder base changed hands."
Weak hands -> Strong hands
Sorry weak hands, you lose.
I don't think the holder of SLV can be called strong hand.
It is just a temporary fictional gain.
Did you get your physical PM?
who's scaling into CEF with me???
Shhhh. Some @ 20.10, then some @ 19.82, and am mulling over 21.19. Darn metal doesn't know how to tank properly.
I've been trading about 1/3 of my metals position for a few years now using CEF. A time is coming to get back in but it is probably a few months from now.
I just bought 100 at 20.61, to replace some I sold a few weeks ago at 22.96. I almost sold some at @25 last week, though. Damn!
Not scaling--dumping the truck. 8% discount to NAV, and 100% real physical???
Hell yeah!
Ok.. just got some more info from a second dealer who ALSO says they are out of stock. After calling the first dealer and getting the 'out of stock' line we called another who said the same thing but then broke down and told us he DOES have inventory but he is telling everyone he doesnt because he doesnt want to sell at this level. Makes sense but I suspect even the bigger dealer I first called is doing the same thing. I'd say this is the intermediary step before someone breaks ranks and starts to push the premiums on physical to ridiculous levels and the big disconnect between paper and real metal comes into play.
I'm not disputing the point of physical vs. paper, but it is supremely important to remember that the overwhelming majority of institutional or large scale buyers do not want to remove silver or any PM from the custody chain - hence they want private allocated storage within that chain. Once you take the metal out, it is essentially illiquid through normal size channels (i.e. liquidity has value so it has been devalued by some degree if nothing else a pain in the ass). To get it back in the chain it needs to be reassayed/verified. We aren't even talking about costs of offsite transport, security, and storage back and forth.
One of the reasons private market uses coins is that it's harder to mess with them than a 1oz chunk of metal and likely not as lucrative. This is small time stuff and you get the small time protection of a minted coin. Once you get a big bar/unit size and it becomes a lot easier/more lucrative to screw with things and "coin" or design protection doesn't cut it. Those who buy in size historically do not remove from the chain of custody unless it is going into a private and secure vault/bunker [read uber-uber rich last ditch as it's plenty easier to have it stored for you and keep in the chain]. And there are plenty of issues with doing that as rumor travels and you need to be able to protect that.
Hope that helps - retail market is very very different than institutional.
When will the CME run out of bullets? 100, 200, 300, etc percent margin hikes? I would think there comes a time when they can't do much.
the only thing they can do is get some more time. as they increase the margin and the price drops the percentage of the margin compared to the full price increases very fast. that could be quite dangerous, they would have no control over the price anymore because further margin hikes would be less effective in such a situation.
and dont reply blabla the next step would be to illegalize silver , this is bullshit, there are plenty of countries where those laws would not apply.
the whole goal is for JPM to get out of their shorts and into longs, especially trying to get physical silver for the vault. They were covering heavily last week, this week hopefully those clowns are net long. If not, more margin calls until they are. Remember silver and gold can be used as collateral, JPM wants the physical because even they finally figured out the demand part.
It's hard to imagine the massive corruption in plain sight, I tell it to others and their eyes roll over.
Margins hikes are so last week. I'm waiting for the rumor mills to start talking about official intervention. "I heard they're making scarce silver supplies a national security issue", "they're putting together a committee on how to confiscate physical silver stocks from those nasty speculators", nonsense like that. Keep some powder dry because the put buyer could be in the money after the MSM banters rumors like that about. You might be able to pick up some nice deals if you can find a supplier. It's all short term though. One rumor I've heard that I believe is that half of last years mine engineering grads were hired by banks. If true that says a lot about long term expectations.
When they stop scheduling "Dinners" for their club's members....a couple weeks prior to a slew of margin hikes and an epic beat-down...that will be your indicator. Unless of course you first learn of them buying property in a non-extradition treaty country...that may be a better indicator. It's like those old commercials with the "Owl" and the tootsie pop...and how many licks it takes to get to the center. Only in this case....it's how many lawsuits can JPM acquire...before everybody catches on that it has become 'beyond silly'
Gold and Silver both up today. Where are all the Trolls?
you expect civil debate with a troll??
That would be silly. No, I was merely pointing out the remarkable consistency between the direction of metal price movement, and the number of visitations by the Permabear paperbugs with which we are plagued.
its just like the yahoo boards.. as soon as there is any momentum they spread out to try to shake more weak hands..
I sold some at $48 and was back at my coin dealer a week later buying at $41. Interestingly, online stores are barely under $41 now with their Premiums even though we touched $34 on spot...
So to hell with it, let's all join in and shake all the weak hands outta their silver
Silver Sucks! Pass it on..
There are a lot of leveraged gamblers in the silver market...This has to be sorted out. Gold looks less over-hyped...
Nevertheless, existing marketable silver ounces are estimated at about 350 million: At today’s prices this means a total value of $ 11.55 billion, which values the ounces at a little bit more than the market value of a mid size company like Harley-Davidson. The market is therefore easy to corner for some deep pocket investors.
Historically an estimate of 40 billion ounces of silver has been mined. This silver exists today in all sort of forms like cutlery, trophies, jewellery, coins, electronics... To bring this silver to the bullion market would be difficult and time consuming...
The today’s value of all this silver would at today’s prices be $ 1.32 trillion, three times the market value of Exxon Mobil or a little bit less than this year’s budget deficit of the US of A.
Most of that 40 billion ounces is rotting away sitting in waste dumps as unrecoverable traces in electronics, photographs....
On weeks like this, it is interesting to see the behavior of silver, gold, equities and fiat. Gold acts like money. It maintains its diginity .vs. equities, it has truely distanced itself from equity indexes, it has been pummelling the various fiats, etc. Silver, which I own (though no where near gold), is the hot headed relative. Its performance is erratic and moody.
I'll keep buying silver on dips, and converting it to gold on its fast runs. The past few years have really tipped off which will be the true anchor for money, IMHO
Jesus. It's so simple. Anyone ever hear of Naseem Taleb? Yeah, I know. He is bullish precious metals, so it isn't him, right? Well, you would be wrong. Taleb is famous for writing out of the money calls and puts--expecting the totally unexpected.
Taleb has loaded up on Physical. But being a trader at heart, knowing the system is as frail as a Charlottes ass after a late night in New Orleans, he knows the trader score. Leveraged bets going long on silver in paper...well, Taleb always buys both ways: knowing full well one trade will more than well make up for a loser.
Yes, for Taleb, 7 million is a small fraction. But remember, he is long Physical Net Worth at this point and short paper. But he's still an addict.
it's friday, let's all go long some Charlottes asses
+++! agreed. see my post an hour ago. brilliant minds think alike :)
Amen. Not everything is a conspiracy. A $1 million bet. Whoa, now that's size.
You think the recovery rally will make last week's action look like a joke? Fine, load up on June 60 calls at $0.07. Ag is going to collapse to $12? Fine, go long 25 puts at $0.31. Maybe someone will write about your gajillion percent return.
(Or not - most options expire worthless.)
Given the meteoric rise in silver my first thought was someone with a large position bought a protective put.
Well that was lucky wasn't it...wonder if somebody from the CFTC is taking early retirement.
best move of 2011?
Who says the 'genius' option trader didn't just dump his own huge holdings?
The OI is still there at >100,000
Insider knowledge???
who could possibly have insider knowledge that the CME (Chicago Muppet Exchange) would unleash a machine-gun of farcical margin hikes???
...rule changes that destroyed liquidity and collapsed Silver prices here in 2011 exactly as the Feds Volker 'special regulation' did in the 1980's with banks then pulling liquidity and the rug under Silvers run
"...rule changes that destroyed liquidity and collapsed Silver prices here in 2011 exactly as the Feds Volker 'special regulation' did in the 1980's with banks then pulling liquidity and the rug under Silvers run"
+1
You summed up the silver collapse.
Here's a very experienced PM's trader, Dan Norichis take on it:
http://traderdannorcini.blogspot.com/2011/05/collusion-by-fed-officials-...
notice the CME (Chicago Mafia Exchange) crone claiming how important liquidity is to the market for high frequency (micro-second insider) trading then his same rotten organisation sucks liquidity in Silver amongst small private investors who drove the price to $50
the CME are twisted in knots, trashed their brand and are now a totally busted flush
Which wall street "bank" had the inside scoop on the CME margin hikes.... UMMMM
Frontrunning???
CME, "We are going to raise the margin requirements until the SLV Puts are golden!" It does make you wonder who owned the puts.....
In other news...things have gone normal again, at least for 30 minutes with commodities heading north again.
I'm going to refer to these raids as "corruption commercials" from now on...
Nothing is new unless the dollar sees an 80 handle, and the next time I expect that the decimal point will be to the left of the 8.
What happen yesterday is akin to George Orwell's "The Hate"
Get the sheeple angry at silver and they will not buy it again.
War is Peace
Freedom Is Slavery
Ignorance Is Strength.
Yes. It was a "shaking of the tree". Hang in there.
some gangsta rapper needs to make a SLA anthem....
More conspriacy thoeries.
In the meantime gold and silver continue their run to $600 and $15 before August.
Get out of the collapsing mine before it's too late, or you'll lose your life
Paper silver/gold or real? If silver dips below $20 it will dry up mighty fast. Almost as fast as the trolling around here when it hits $50 again.
Nice try, but you're not going to top yesterday's junk record.
I agree, yesterday's junk count was spectacular.
when you junk him till hes gone.. you are removing a piece of history.. someone years from now may very well come back and read these posts.. and Hammy PLUS the Nay Sayers! are part of history.
I am a buyer today just like the last 2 days..
but a 25% disconnect is a bitch in reality!
Paper traders who trade nothing more than Hot Air! are trading at a discount to the physical market? sounds like a logical thing to me.. considering they should not be trading at all.
If I see 15 before August, there will be a long SIU1 contract with my name on it. And I will stand for delivery.
Wow, that would be great because that would be like having a time-machine...I would drop my very last FRN at those prices.
Let me guess... It was the American taxpayer that will get saddled with the UNDERWRITING (other side) of that bet...
Any information on if this holder is still holding this position or did they lock in their profit?
Don't hate the player. Hate the game.
the penny should drop it's the same elite cabal ...The Parasite Club
How about some perspective here, we're only talking about $1mm investment and $6mm gain, not like this is a big trade for a whale.
DaddyO
My man Bob Moriority with the best commentary yet on Silver.
LOLOLOL
Must read reminder on the level of schillery in the silver commentary
http://www.321gold.com/editorials/moriarty/moriarty050611.html
From one silver bitch to another
Sell the counter trend rally and RUN!@!
a troll dropping in a troll link ....we have your number crone
He's your man? That guy is a fucking douchebag. Get real mogul. His analysis sucks. He doesn't even mention the fundo's driving silver demand nor the double silver holders have enjoyed since last August. Of course not, as he hates silver.
Why not send him this article for a bit of balance for his pea sized brain?
LOL.
notice Moriority once again tries to kick Sprott but not JP Morgans own pile of junk SLV ....the NY establishment hate competition and pay crones to bitch and snake non-stop to undermine the competitions credibility to take the heat away from their own pigs ear products...and the shrill Moriority misses (Doh!) the biggest factor in this Silver scandal, the calamity clowns at CME's farcical margin hikes that nobbled and took down Silver. Clearly this guy is either a complete twat with no understanding of why Silver collapsed or he's just being paid to look the other way. Either way Moriority is a fuking retard
Moriarty is 'your man'? He's been advising there will be a bloodbath in silver for 6 weeks?
What was the price six weeks ago? Let's see, that would be... around March 22nd.
Price then? $36. Price now? $36. Anyone listening to him would have missed a potential 33% run.
What a genius you both must be.
321GOLD is a troll link?
bwahahaha
how about some balance boys; when a writer at a precious metals site tells you to duck & cover it may be a good idea to at least think about it
actually, he agrees with some of what I've been reading, including at the turds site- rally starting 3 rd week in May, up into June, watch out in July-Oct
I never said he was a troll. I said said he was a douchebag.
His "analysis" (if you can call it that) on silver is comical. Epic fail.
Did you guys run out of backup id's or something or did tyler cut you off? You keep coming in here and trolling under your made troll names thinking you aren't flashing your troll sings.
http://www.zerohedge.com/article/mike-krieger-exposes-big-lie
The establishment is scrambling to save itself and we all have front row tickets.
Winning!
Could it be that the ALGOS were tossing the same 10,000 SLV shares back and forth across the ether.
No could never happen.
http://www.michaeleisen.org/blog/?p=358
PHANTOM SHARES, BITCHEZ!
http://acrossthestreetnet.wordpress.com/2011/04/29/is-the-slv-is-wired-to-blow/
http://acrossthestreetnet.wordpress.com/2011/05/05/slv-trading-volume-soars-while-shares-vanish/
Anyone want to take the other side of this argument?
Thanks Mark. Great stuff.
The bearishness on silver right now is hard to believe when frauds like SLV are exposed to the light of day.
LOL...4 X paper based realities Mark!
You guys got no dynamite in the USA or what..???
Here you can take a direct live look at the heart of Hymietown, governed by its worthless Hymiemayor Bloomberg:
http://www.earthcam.com/usa/newyork/timessquare/
End game is the same - BTFD!!!
Sucks to be the person on the other end of that trade
Another nice no-volume DOW melt up day to placate the dumb sheeple.
yes CNBC were asking about "Going All In" on stocks just now... next week should be very interesting!!!
This was either someone who had insider information from CME, or someone for whom even 7 million dollars is a spit in a bucket. Take your pick. I consider them 50/50.
No... No No..
We're not in a commodity bubble...
Not at all.
Un#uckinbelievable how these major players have taken QE2 money and goosed the system.
silver headed for some nice fib support. chart is here: http://www.hedgefundlive.com/blog/silver-headed-for-support
Thank you very much for that link HedgeFundLIVE.
Nah, it was those boys are GMO, always hedging their game. Grantham's a Baller.