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And Scene: CME Hikes Silver Margin For Third Time In 7 Days, Raises Initial, Maintenance Margins By 12%
Last week two silver margin hikes of 9% and 10% did nothing, which is why this week's first hike (of many more) by 12% to the maintenance and initial margins was to be completely expected. We believe that nothing short of 100% margin (coupled with not one single ES margin hike by the Globex) will eventually placate the ardent Comex risk managers who are terrified their models may end up being wrong about "stuff." One thing is certain: the panic is palpable and the administration will stop at nothing to prevent the $50 limit order from triggering silver's surge to triple digits. We wish them all the best in this endeavor and are grateful for any and all BTFD opportunity.
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Love it. I hope it goes to the 30s so I can load the boat
Yawn.... was in isolation for a month.
WTF?? Silver is up 30% this month?
Silver is down 10% this month
Your IQ is down 40% this month.
What's really amazing is that's it's still 300 times yours!
And I'm buying another 100 oz bar to celebrate your IQ. If even a small fraction of the people who read this today do the same, we'll have another situation, then another, then another, until....
$50 is an ELE for the USD, JPM, and TPTB.
Keep buying at discounted prices!
Dimon and Blythe will be forever remembered as the Retarded Duo!
Bought another 20oz today. Might buy another 20 next week too.
Technically you are both right (-10% this month and +30% month over month). All I know is that this margin thing is pretty damned cheesy.
Silver? Haven't all the rational folks agreed $50 is a pipedream until at least some consolidation in the low 40s and/or QE3 is started? You can easily spot the bubble in equities but for some reason are shieled from seeing the exact same hyperbolic pattern in the silver chart.
Give it time.
Did you see that action two Sunday nights ago? 50 was a trade or two away. TPTB are terrified.
The supply cycle is broken in silver.
Over 2 years now, investment silver drained the industrial supply at such a rate and junk silver didn't meet the usual quota.
Even without any "speculation" in paper, the shortage will make prices rise at least 20% a year from now on.
Even 100kg shortage in supply in the industrial market can cause prices to double as the amount of silver used in electronics is so low, that it doesn't matter if it costs 50$ or 1000$ to use it in their electronics.
A Ipad for example uses about 1/3 gram of silver. So if it costs 10$ of silver per Ipad, the consumer would never notice it.
I was junk #14. Your comments s#ck.
Selling the house, dog and kids.. Cashing up to buy physical Silver when it hits US$25 per ounce!
I love the Comex.. it is such a fraud and allows me to buy physical silver at a fraction of its real value.
The idiots are those who trade useless paper for a quick buck!
When the physical runs out then I will be sitting pretty with physical silver while those trading on the Comex can do little else but light up the last cigar with their worthless paper silver contract.
Ozzie Scott
"The idiots are those who trade useless paper for a quick buck!"
Not if you are buying physical with that quick buck. Alot of that going on. I have added with those quick buck's.
How is trading for a quick buck idotic? Profits are good. Fast profits are better.
Because your profits are measured in dollars, which is not a standard of measure, nor a store of value. Add to that, the taxation for your "gain," which is really just a loss as measured against the unmeasurable dollar.
Why take the risk of trying to game the game, when you can profit merely by sitting still?
Those trading paper silver will have a Bernie Madoff claim.
When the physical is all gone the US gubmit will be confiscating all PMs... Owning physical is not an iron clad ticket to financial safety. If you own/hold paper definitely more risky... but in a real disaster, one we very well might experience, your physical silver will not be yours to keep/use.
http://www.safewealthgroup.com/
Thank goodness I don't have any physical silver. I'm pretty sure no one else here has any either.
Nope, but I do have a lot of physical lead.
I prefer copper clad lead.
+ 4000... rounds that is.
Silver brothers in arms. Cue Dire Straits!
But seriously, I'd like to hear some scenarios regarding surviving exactly what you just scoffed at. In the event of a major financial and political upheaval can you describe in further detail how you expect to ride out the storm? Might the mob think that anybody calmly sitting on their porch and enjoying the beautiful evening obviously has a basement full of PM and missing neighbor girls?
Well, if there's a mob outside your house you're probably in trouble to begin with.
I don't know about the others here, but why I have accumulated a few ounces of both silver and gold is for the day when I can take those few coins, and purchase either a new currency, or other "tangible, sustainable assets. When I think "long", we're talking possibly some years from today, not next year, or the year after it. The years between "then" and "now" could very well be turbulent and not so easy on the nervous system. During the tumultuous years, I'll probably be tapping exclusively into the various, sustainable assets capable of keeping this physiology standing on it's two feet. Those assets being, stored food, fresh organic foods from my greenhouses, solar panels, wind turbine, to name a few. Of course it's possible that the same "mob" outside your door might key into my belongings as well, long before the new currency is fresh off the printing press. But from where I stand, I like the odds. On the other hand, the invisible killer particles blowing this way from Japan, are another story.
Anyway, how the exchange takes place when I finally walk through that door to purchase that new currency with those coins in my pocket is anybody's guess. Might all take place on the new (old) Black Market, down back alleyways, in the dark. But it's certainly going to be more "real" and exhilarating the present system.
I think many of the smart ones who visit this site to read the great articles and informative comments probably prefer to lay low while the storm passes over rather than jumping into the fray. Seems like a direct correlation between rising and lowering PM prices and certain posters blood pressure levels, imho.
One time by accident I actually made a mix containing silver that wen lit on fire instantly made pure molten silver and no its not a thermite where another metal can contaminate.
So yes there appears to be some clever ways of hiding your metals if you want to be a bit creative.Sulphur has an extreme affinity for silver and fused sodium chlorate will reduce back to metal with little difficulty.Will also experiment with it as a way to remove plated silver rather than using the acid.I will probably try mixing my silver compounds into small plastic ornaments for even better concealment.My web site is down right now as I sort of ran out of money but when I get it up again and get to do more experimenting I plan to put it all on my site.This is the sort of thing that could prove usefull if you really must trasport your silver and gold, where of course buying in the yard wont work.
Me either... All my metals were stolen and I forgot to file a police report...
I'll take that bet.
Except...how would they go about confiscating pre-1964 dimes and quarters? It would be an epic waste of time, and they are still legal tender. I doubt the average flunkie Blue Shirt could even ID junk silver coins.
the relevance doesn't seem obvious.
http://covert2.wordpress.com
It's such joke they keep doing this to silver but never touch ES
What does ES stand for?
E-minis S&P
But no one ever speculates in the E-mini S&P, that only happens in silver and gold. And oil.
Thanks!
Smells of pure desperation
No shit. And people keep talking shit about me and my calls. Let's see these morons say the same things come Friday when we are back at $49.
But then, they are just trolls, and they will disappear, and Trav will lose his one and only tool in his senseless vendetta against me and will be quiet for a while.
Silver down 10%.
Will you resign the board if silver is not $49 Friday?
Will you commit ritual suicide if it is?
No, I won't. I have already made a pledge that if physical silver is ever available on the open market for less than $20, I will leave forever.
But that doesn't seem fair anymore, does it? Let's move that up to $35.
That is PHYSICAL. NOT spot--and it has to be available on the open market for at least 24 hours.
You're a troll.
Anytime anyone says anything bearish about silver you start screaming and whining like a 14 year old who just found her tits, "troll, troll, trolling, trolsters are out" Just shut up already. We know for christ sakes you're a silver bull till' it hits 1,000. Like I've said in so many posts. Price is the final arbiter.
Just sit back and enjoy your shearing for being a greedy sheap.
Uh-huh. Whatever. I have been pointing out lies and inconsistencies in these people's posts. That's all. They keep registering new names to try to get away from the fact that anyone who followed their advice has lost everything.
Anyone who has followed my advice from more than, say, two weeks, is UP.
People seem to forget that silver was at $42 on April 15th.
So when are you selling tmosely? Please, enlighten me with your sage advice to help me make millions.
I sell silver for gold, starting at 1:10 gold to silver ratio.
Dollars are not involved.
Dr. Ted Warren Reid (Chairman) ted.reid@ttuhsc.edu
Dr. Julian Spallhoz (Vice President)
Dr. Mayank Shashtri (Vice President) eburonorganics@yahoo.com
Aww, cyberstalking now?
One of those guys is a supplier, one is retired, and the last is a colleague and trusted friend.
You have no friends
Like I told your other incarnation, William the Bastard, you really shouldn't talk to yourself. It makes people think you are crazy.
http://www.youtube.com/watch?v=9JtEXMklLMI
dont feed the idiots...
you are smart enough to get this.. so I will say it striaght..
let yourself be entertained by these people, that is thier only use in this world. Be thankful that you are entertained, most are not.
and I will give everyone some safe numbers to buy to and to sell from.. this is not for you "T"
Silver $100.
Gold $2,200.
You can buy and then sell there after safely.. there are others who will tell you $150 is safe and Gold $2,800 is safe.. I would agree, but I am keeping it simple for those who dont have a clue and are stupid enough to fuck up simpleton instructions.
the part I found "Typical" or "Pedestrian" was you are looking for tmosley and not offering up who you are? Which tells me a couple things about you.. Mr. Multiple Name Changing Wanna Be Troll. one you think you can have power over someone by figuring out who they are, which means you are a fucking coward who fears being known.
The Troll here are the crème’ de la crème’ of trolls! You are not worthy of the title. Here at least.
So let’s hear / see your one line drivel of complaint, come and regale me with wit of your circumstance.
Refuted. I am.
I do not know Tmos or you from Adam.. But just what in the hell is your motivation to stalk him like this? Because he believes in Silver as a store of value and you do not? He is not a hedge fund manager or a principal of the Fed he is some sort of chemical engineer type fellow iirc.
So what is your issue?
The latently homosexual are irresistibly attracted to me. Unfortunately, they are all at the development level of K-3rd graders, so they try to push me down into the dirt. Luckily, I'm bigger than them.
And yeah, I manage a lab that cures diseases and produces antimicrobial coatings to reduce and eliminate infection.
Meanwhile, most of them live together in a van down by the river.
I would not degrade the gays with being like this person. The Gays are far from Cowards in most cases.. and what you have is a coward clown.. like i siad above! be entertained by those that provide you free entertainment, given it is his expense of time..
I might ad that given you never, EVER! get to meet a coward with free time online.. you should cherish the experience! LMFAO when will you ever get to meet another person online who hides and chases all at the same time!
Latent homosexuals are different from gays.
These guys have suppressed what they are down to the deepest core of their being and been corrupted with hate and bile, and will one day snap and kill a bunch of people, then themselves. They are the epitome of cowardice.
Some of my best friends are gay. They throw awesome parties. They are not latent in any way (that I know of, lol).
tmosely
When was the last time you used dollars for an exchange of any type?
What a truly bizarre and irrelevant question --- yet one which sounds remarkably like the tack taken by another person, an obvious anti-PM troll, in this forum a day or two ago.
Just where were you going with that question, Bob?
lol. Show me acock, anywhere in my posts where I am anti-PM? Just because I said silver going from 18-50 in 2-3 months is ridiculous?
A question is a question. You have a problem with me asking a question? Or are you just a punk bitch trying to start something? Because I don't think I addressed you.
I dunno. When is the last time you played Monopoly? When you played, did you call the little pieces of paper "money"?
Were you able to trade any of said Monopoly money for dollars?
Would you have done that if you could?
Oh really. So you've been trading with silver/gold everytime you buy something right?
Why not exchange ALL your dollars for silver/gold? Than try buying something on Amazon promising you will send them some silver in exchange?
Maybe you should spend more time on trying to make your point, if you have one, and less on being an argumentative jerk.
A question is a question. You have a problem with me asking a question? Or are you just a punk bitch trying to start something? Because I don't think I addressed you
You're in a PUBLIC forum, asswipe --- if you want to send a truly private message to tmosley, I suggest you pull out a sheet of your finest perfumed stationary and put pen to paper. In the meantime, ALL comments and questions here are fair game for others to notice, comment and opine upon.
And still you haven't answered the question of why you are asking such obtuse and strangely leading questions, exactly in the manner of Dangertime.
C'mon... we know why.
Tmos will (like virtually everyone else on the planet) use fiat for everyday transactions. Bob_D will use this 'revelation' to 'prove' that Tmos is a hypocrite, and thus all Tmos' arguments are false.
I'm not sure how this logic works, myself, but I've seen it frequently deployed elsewhere.
Your too new and not nearly well read enough to judge T. You do not read all of his posts and 90% of comments on every thread at ZH. He is doing YOU a service with his time. Now either shut the fuck up or thank him. Step back, no one knew you were a fool until you opened your mouth.
My take would be to sell silver when it becomes economically feasible to recycle silver. Until then, it is running out so the price will keep going higher.
Bingo!
Of course let me remind everyone I don't have any silver.
your clueless about silver bro..
In an interview with ET Now, Jim Rogers , Chairman, Rogers Holdings, talks about the commodities market as well as the impact of Osama Bin Laden's death on the global markets. Excerpts:
A few days back in an interaction you said you own silver, and probably you were hoping for silver to come down to lower levels and as an owner of silver, you would like to buy more. Keeping in mind firstly, let's talk about the latest news that has been causing this kind of a sharp cut in the commodities market and then will you seek this as an opportunity and probably pick up more positions in commodity like silver?
I am not buying as to when there is decline. I am certainly watching and I am glad to see this because we will not now have a parabolic move upwards and so we will have some normal correction somewhere along the line. I hope I am smart enough to step in and buy more silver.
Just to throw a little light on the kind of movement we have seen across currencies, you had dollar in the doldrums, it was at that kind of a 3-year low. Now currently it has seen a bit of strengthening. What kind of levels are you foreseeing?
I am not sure. I sold some of my dollars when it kept going down and I am worried about dollar. I do not think that today's news is of much significance to the financial markets at all. It may just attract people like you who have to comment on it, but I do not think that in the end, the financial markets would be at all affected by this.
We have seen a knee jerk reaction into the international markets after Osama Bin Laden's death news came in here, but would you see it just as a knee jerk reaction or do you think markets may see a bit of a turnaround from here?
I do not see that the death of Osama Bin Laden has any affect on the economy of anybody in the world. The worry of course is there are rumours that his followers have planted bombs around the world that if he does get killed, those bombs are supposed to be set off. Now, I have absolutely no idea, those are the internet rumours as you probably know, but if something like that happens, then it is going to cause economic chaos in many places. But other than that, I do not see any affect of this on anybody in the world.
As we wake up in this morning, there is a lot of uncertainty into the markets as you also rightly pointed out but we have seen most of these high yielder commodities actually give up a bit of gains. So if you look at crude prices, gold, silver, copper, all of them have opened intraday on the lower side, how much of a decline are you really witnessing from here?
They should have a rest. These commodities have been going straight up for several weeks, several months. It is good that they rest. Anything that goes straight up, usually goes straight down. The things that have nice long term up-moves are the things that go up, consolidate, go up, consolidate, go up, consolidate. So, I hope that what we are seeing here is overdue normal correction in commodities and other things as well.
Sure, Bob. TMosley's the troll, and these idiots that have brand new user names are legit. I guess it's no coincidence that "say(ing) anything bearish about silver" only happens on down days. The rest of the time you numbskulls hide with your tails between your legs. You're just bitter because you're a loser in life and in the market.
That's not true at all. I am here if silver is up, or down and have stated which asset classes I prefer and why at any given time. I've also had the same user name since I've been here. So, Richard Head, maybe you can find someone to stroke your flaccid ego and moniker because your comments are as stale and stagnant as a 3 week old dirty diaper. Try adding some substance to your comments, cause your shit's weak.
Meth Man hit it out of the park with a brilliant call !
Your were wrong. You lose. You are a one way dogmatic dickweed. Your end will come as it does for all your inflexible kind.
What, the "$34 is definitely the top in silver" one?
I love how you have to keep changing usernames, as if we couldn't tell exactly when you do it.
I never called a top at $34 and I didn't change my name.
You missed silver because you were "all in gold" back when silver started a move out of the charts at $18.
Since then silver is up 150%, gold? eh, not so much.
You lose. Your call was wrong then and it was your backyard subject. Your call is wrong now because your fully in and cant sell with out admitting you're WRONG.
You're in a funny spot for a little man.
Uhh, you just said "Math Man hit it out of the park". Math Man rather loudly proclaimed that $34 was the top in silver. And yes, you have changed your name. Your last one was William the Bastard, and you have a long line of these going back. Your current user name has only been in use for 12 weeks, and you came in off the bat and started insulting me right where Billy Boy left off. You just changed names. But you were too stupid to change your writing style.
And you are once again high, because I have haven't been "all in gold" since 2004. I certainly never claimed to be all in gold anywhere online.
You keep saying I'm wrong, but you don't even know what you are talking about, or who you are talking to.
I know exactly who you are and I know that the management of your employer in lubbock isn't aware of you posting personality. I believe they'd be horrified.
lol, you don't know anything. I AM the management, idiot.
Who is long juan? By name, I mean. Anyone know?
If he feels comfortable threatening peoples employment it is time to find out, cybersleuths step up..
The first username I noted him using was MeTarzanUJane.
JUNKED! Seriously dickweed. Your cyberstalking ass needs to banned, account deleted, and your computer confiscated. You are not mentally fit to be connected to the interwebz little man. Your behavior and implied threats toward other members is completely un-fucking-acceptable.
He was GoldenMiddleFinger before that.
See Bob, here's the "troll". Wake the fuck up dude...
Yeah, literally at least a dozen names.
It's easier to find them by just looking for my posts and finding the inane comments nearby. The one liners that don't really makes sense all belong to this guy.
Bingo.
you cant lose when silver hits its adjusted inflation high of over 120 bro. maybe you should know that in every commodities bull market we have ever had, EVERY previous high is broken through (as per jim rogers, who i presume knows more than you)
The core truth concerns the viability and value of fiat. Let's talk about that instead. Silver is merely a proxy for some people's distrust of fiat.
Is fiat here to stay? If you and meth head can defend fiat, you can defeat silver, so let's get the battle on the proper field.
Defend fiat.
Defend bartering in precious metals for worldwide trade and nothing else.
Everything has it's place and I never said I didn't like silver. I said I didn't like the price action going parabolic (which is exactly what it did) In fact I have said I like silver back in the mid-low 30's. But a straight run from 18-50? Naw, that's too much.
So all world trade prior to the the 1930's or 1970's was barter?
Than fiat was part of it.
Oh nice cover. Looks like someone is scared I may be right after all.
Pretty chicken shit way to admit it though.
Why don't you clear out now. You add nothing.
why do u care so much if other people agree with you? end of the day, or month, or year, all that matters is if u made money. These comment sections used to have real discussion in them, now its just trolls and chest-thumpers going at it.
again, who cares. to everyone, if u have meaningful shit to say, then great. otherwise, its a waste of everyone's time.
tmoseley is a paranoid schizophrenic .
You've got that right. In the end, a "tell" is important, just like a "tip". The markets are all about emotions and physcology. Many here are tells.
I'm mostly pissed off at Trav because he is saying things he doesn't actually believe in just because he has a vendetta against me.
What a weak asshole.
The trolls, I don't care about. I just like to give them hell.
Bad day at mom's bakery in Lubbock?
Bad day at Mama's grave? The groundskeeper kick your homeless ass to the curb again?
I'm looking at the blue green ocean right now. You aren't.
Right, because you don't have a job.
And you are high.
You missed the move in silver because you are an idiot.
Cocaine is a helluva drug.
Too bad you can't afford it, and have to settle for crack.
Uh huh, and meth man has a Ferrari. You morons are too stupid to have a job.
Not a cloud in the sky and the beach is nice.
Not so nice when you live there, in a van.
Venice Beach still has no ordinance against bums parking their broken down shitbagos for extended periods of time???
http://welovenice.com/2010/05/26/venice-beach-parking-wars/
If you look close you can see Long Juan riding his bike back to his mobile beachfront property.
He just needs to get a black, mexican, indian or asian girlfriend and he'll be alright.
Aww is silver down?
I don't care if silver is up down or sideways. I don't care if anyone likes you or respects you or if everyone hates you and can't stand you. I don't care if you're supported in any endeavor you wish to create or if you are embroiled in unwinnable battles.
I don't care if you buy stupid fuck yourself in the ass puts on some werd from some dumbass who then commands you go out and make it happen.
I don't give a fuck if the us army, air force and marines are ordered not to conduct propaganda against the armerican people when they know they can get the banks and corporations to do it for them. I don't care if you're completely unafraid to make an enemy yet completely incapable of breaking that enemy. Armies are marching motherfucker and they won't stop till they get what they are fighting for.
I don't care if your so fucking retarded that you can assert everything you're after from us and be told repeatedly that it ain't going to happen. I don't want to make peace with this situation. I don't want to turn you from an enemy to a friend. I don't want to make a frenemy. I don't want a enemy with benefits. When your nice I'm going to rip your fucking hair out. When you're mean I'm going to rip your fucking hair out. I'm going to give you only one option. Indifference and seperation. I don't care if you have the power to make charlie sheen snort an entire suitcase of coke for standing up against the banksters. I don't care if you can make all the baby boomers smoke a thousand 55 lb trash bags of pot over thier entire lifetime for trying to stand up to the banksters. If you ask me if I want to buy drugs i'm going to chop your larynx out and make a squeeky toy out of it for the dog. And if you want me to sell silver. You better give me a whole lot of those bullshit promises federal reserve notes because if you don't it's going to be one hell of a bullshit for equity swap up in this motherfucker.
http://www.youtube.com/watch?v=gifEn61dZBc
Or all at once.
Tiger Woods has a sister?
At the close, the premium on CEF was friggin' -5.32%. This from +8% and sometimes +10%. Killing me.
On the other hand, some of you may want to BTFD.
I liquidated all my paper bullshit silver positions today, along with a lot of gold options that I made money in, and will go buy physical once these morons have knocked the price down lower. Thanks!!!!! This is truly awesome!
My money transfer on Friday can't come fucking fast enough.
Same here but I think we may do better by waiting a little bit.
Yes, I think we'll see the $30s well before this is over. Low $30s? Yes, I reckon....still going to buy here and there in case I'm wrong. :)
Still buying on Friday myself. Doubling my position of physical holdings will be like fucking a porn star, but without the mess and angry wife.
lol
Low $30's? Not a chance! Silver breaks 40 and it'll be like pooring blood into shark infested waters. Physical buyers will buy up everything in site. (although seems like they are already anyway) Raising margin reqiurements just shows desperation now. We got 'em on the run.
That happened last night. Go over to Apmex and have a look at all the blue tabs. I seriously doubt they have anything for immediate delivery.
I wished I knew how raising margins affected the market like this, but I am taking notes and buying bars all the way baby...
Makes it more expensive to hold contracts. If investors can't depoosit cash to satisfy requirements, they have to sell the contract. Cascades into more selling.
The centrally planned authoritarian regime (CPAR) can not stand the fact that peasants have been making fiat and transferring that fiat into physical-- now they must do all they can to thwart the slaves into preventing them from exchanging indentured servitude (FRN's) for actual money.
Yep, and by the looks of the desperation, I figure they are just buying time while they try to conjure up some way to officially tax silver holdings!
Every dollar of fiat that makes its way into PMs is like water rising in the tank, with The Bernank stuck inside, floating.
Deep breaths, Ben...inhale.
That isn't Bernake in their floating. It's the American citizen drowning.
When you write the rules, you don't have to be right. Touche TBTP, touche...for now
"Tulving Tulving Tulving" is my new mantra. Let's get Physical BITCHEZ!!!!
I will be back to play the bottom in the low thirties.
I call tops and play with bottoms.
Hey douchefuck, you will have to get your DeLorean time machine out to get more AG in the low 30's...
I'm as bullish on silver as can be but there is good reason to believe that we'll see the low $30s again. It woudl actually be quite healthy...not to mention a great buying opportunity. Buy all yours now, see who the "douchefuck" is in a few months. :)
All of you guys should be glad to buy again in the low thirties. I dont think this monster bull is dead yet
Anything change? Dollar strengthening up due to reversal in FED having to buy the shit out of stocks and bonds daily just to keep the fraud alive? Nope.
Uh-oh, tough guy on the scene. Bullish but believes there's "good reason to believe" a 30% pullback. Can you be a little more wishy-washy?
Top-calling-troll is a hired hand here to take the obvious contrarian view and build thread. Take a break from spanking your chimp and put some thought into your next post.
They always have to take both positions. Otherwise how could they come back in a few weeks/months and quote themselves as to how right they were?
You havin' a conversation in your closet with your neighbor's pug?
removed
No reason to think #4 ain't coming around the corner.
It aint gonna help. Shitbird scumbags at the CME with be looking for new jobs after the next silver and gold delivery months of June/July when the mother of all defaults will commence.
Physical is now on my agenda...Tulving fo sho!
This is the oldest trick in the book. Do a little work on margin calls and the '29 crash. same ol' sht. PMs are just the latest suckers mania to get people like you to generate fees and create useless ETFs. No more CDOs means they have to extract their pound of flesh somehow. Whether it's Silver, or Oil, or stocks or tulips makes no fricken difference, its all the same ol' pump and dump. Sold to you!
Last I checked, the only person to get a fee off of me was the coin shop guy and he sure as hell didn't tell me to buy silver. He was somewhat confused as to why I, and so many others, were buying up his inventory.
Of course, if you are referring to paper silver, then you are dead on.
glad I went 100% cash as I posted on friday
Once again! You may as well raise it to 100% right now, you are just transferring silver to strong hands.
http://silverliberationarmy.blogspot.com/
Silver is going to cash & carry.
Bullish, bitchez, as there will ultimately be no weak hands to shake out.
Congrats to Math Man.
He must have made over $60k on that SLV short.
That trade took a lot of balls, wish I had shorted it, but I don't short anything that is in a bull market.
Didn't Meth Man need more money for road flares, anhydrous ammonia and cold medicine to make up another batch for his consumption?
He changed his name to Ag@$x-$5=Profit
LOL now that is funny.
Unless he had advance insider knowledge of this last-minute margin hike, and the Sunday evening bear raid, then he was wrong all the way (since the market was headed significantly higher until a massive seller suddenly showed up) and was saved by nothing more than sheer luck.
Even parabolas double topping against resistance?
Try ZSL because it is only a double inverse. I dont use options anymore either ( except as insurance) because i am tempted to trade on margin.
See ya on the upside. If we do get a full retracement it should go to low thirties.
What data did you use to come up with $60k? Meth man never gives details. Then again neither do you. I don't know which of you is the bigger fraud. Both of you should kill yourselves.