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Out Come The Big Gunz: Interactive Brokers Advises Traders Of Yet Unknown, But Certainly Scary, Silver Margin Increase
If you don't know what to hike your silver margin to, just tell your clients cryptically you will hike it to some number (very high if possible) and leave it at that. Best to just leave them guessing.
To NYMEX,NYSELIFFE traders:
Wed May 4 10:50:37 2011 EST
Margin Increase: Silver Derivatives
In light of the recent unprecedented volatility in silver markets, the exchanges that offer trading in silver derivative contracts are increasing the margin requirements on these products. In an effort to adequately address the inherent risk resulting from this volatility, we are increasing margin requirements on silver derivative contracts to a level exceeding that which the exchanges are implementing.
You will be notified as more information becomes available.Please monitor and manage your risk accordingly.
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Dangertime, once again for the 100th time. Submit and link ANY picture of a screen or piece of paper showing ANY of your claimed investments. Just spray paint or blur the personal info. It would take less time and effort than signing up on zerohedge and waiting for them to confirm. YOU WONT, and the reason is YOU CANT. Your are a 20 something year old, college kid, living with roomates or your mom's basement. Pretending you have investments that you dont, making calls, all 100% wrong. No one believes you or cares. The fact that the silver correction everyone knew would come is here, and has brought back the other trolls, to give you some semblance of support, doesnt change who or what you are, or what you called, and how it was wrong.
Picture or it doesnt exist BITCH (no ez).
When your investments are imaginary and just random troll lies on the interwebs, what do you hedge? the ability to claim you called something ROFLMAO :D
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by Dangertime
on Mon, 04/25/2011 - 10:35
Forgiven, the peak is in for this run. We will see $50 again but not likely for another year. You still have time to sell and restock with even more this summer.
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by Dangertime
on Fri, 04/29/2011 - 08:20
#1219786
Silver will break $50 next week and march possibly even to $60.
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and lastly, dangertime, you hold a special place in my heart. You, lying and pretending to have investments, represent the people who actually do, and did it on margin. They are getting owned, and bringing the price back down for me to load up my safety deposit boxes some more.
So keep making wrong calls, and getting shaken out (for pretend in your case), and gimme that that that profit. Eazy does it
hold on a second now. you made a good trade but don't get ahead of yourself. you weren't sure last friday. you had made a bundle earlier in the week, lost it all and then second guessed yourself and said on the board silver might go to $60.
i'll tip my hat to you in that you had the courage to hang in there when the trade might have blown up on you. but be honest with yourself. you were worried you were wrong on friday.
You are correct that I was not sure the parabola was complete yet, yes.
What I was sure of, however, that if it did not end Friday, it would be done in a week after having hit $60.
The real point I am making though, is that it is far easier to be sure a parabola is going to collapse than it is to be sure that a parabola is about to start. That is why I do not play with call options in the same manner that I do with put options.
They may appear to be similar tools, but their application to specific trades are vastly different from eachother.
you said everything wrong, AND after it happened. So make a call, all your investments are fake anyway, tell us what will happen next champ.
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by Dangertime
on Mon, 04/25/2011 - 10:35
Forgiven, the peak is in for this run. We will see $50 again but not likely for another year.
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by Dangertime
on Fri, 04/29/2011 - 08:20
#1219786
Silver will break $50 next week and march possibly even to $60. ------------------------------------
many z's do not trade silver, so the price does not drive us as nutz as you seem to think. diff values. i saw where you were a bit worried about a silver rebound, yest, so today went well, and if you rang the register---good 4U! you were pretty confusing to read until you made it clear that you had bought ETF puts. i especially recall when you were cheering for 50 in silver, on a crimex string, so you could buy "more puts". then, days later, you let on that they were ETF puts. so, you have your core PMs, two piles of FRNs, and 2 tax problems.
if you have offsetting losses, well, why tell us, we're just here to take yer shit, toy boy. but, the IRS will let you keep more of those FRNs if you tell them, of course.
The ETF and silver are linked, so where silver goes, so goes the ETF. You are right though, I should have specified in the beginning that I was talking SLV. I do not think it would have mattered, as haters will hate.
I don't mind the tax problem at all, especially since I can now accumulate a much larger portion of gold and silver.
I am unsure what you are referring to in regards to offset losses.
yes, it was confusing, but no biggie.
I am unsure what you are referring to in regards to offset losses. ask the IRS. if you never have losses, this will never apply.
you seemed to invite pissing matches. now, you call yer fellow pissoir antags "haters" which seems a bit passive-aggressive. that's why i didn't feed you, till i saw a glimmer of humanity in you, yest, and noted it. still i would say fair is fair, and you handled yourself pretty well against the BTFD and even tyler's unabashed bullishness.
and, i understand your distinction between the use of the puts & calls.
so, you are left with your "core" PMs & after-tax FRNs with which to purchase more PMs.
so, dangerporche, you are among a v. small grp of traders who speculate w/ physical silver, and you are now poised to "accumulate a much larger portion of" PMs.
so, in spite of all yer peeling out and doing fuking donuts in yer hot car so you can get our attention, we can all envy you, even as we share your present ambiguities abt wtf is up w/ the freaking prices, here?
let's say you sold 100 oz @ roughly 50 = $5000. did you put this all on puts? (lol) how much did you generate, after tax? and how much "more" has yer "obvious resistance" given you?
some z's may have been buying at the $45-50 level. most were not. i bought some nice barbers for 24X face value, slightly above melt, when silver was in the low 30's. common date barbers became junk silver. i got to cherry-pick several hundred $$$'s worth of barbers ans bought abt $18 face---a nice selection of these US coins, all what we call "full rim" and some nice array of dates, some from the 1800's, and mmarks, too, altho a few of the nicer coins had been cleaned. for 3% over melt, i took the XF's home, too. then, i bought '56-64 proof sets for a bit above melt as silver approached 35-37. i also put out cash for a franklin commem $1, business strike, the one with the chopped snake on the reverse and the "Join or Die" legend, at this time. the obverse has ben flyin the kite and is called: "Franklin, Scientist." then. i couldn't drive any more deals. no one would take them. i have some trades i would like to try, but the guy who calls the shots has been @ the big Spring shows. i'll see what he has brought back for us, and try him out, if i can find him, over the next few daze. but i've not been putting any cash out for many weeks.
for those who have been into PMs for more than a few years, this doesn't matter, it is a non-event, except for the G/Silver ratio now = 38, and we may have a new trend, there.
so, g/l buying PMs, now. moneybags.
In all honesty, I do not intend to buy back the physical silver. It is just too bulky and I'd prefer to add to my gold coins. I would not call myself a physical speculator as this is the only time I have sold any of my physical silver. I have under 100 ounces left and they are mostly coins and 10 oz bars.
You are far more knowledgable about the silver coins than I am, and it appears that you have done well by buying a considerable amount in the $30's. I doubt we will get lower than that, but I have been wrong before and yes, I have lost money on more trades than I care to remember.
I did not put my proceeds into puts as much as I augmented the cash in my account so that I could be prepared to buy more puts in the event the price did reach $60.
You say I invite pissing matches, however I must ask you, did you happen to recall my first post here regarding silver and what it said? I hardly think it invited a pissing match, and yet it turned into one anyways once the rabid longs read it. I started off by telling people to be careful as silver was getting frothy.
I was attacked for daring to send such a message. Well what goes around comes around and no doubt by the junks I still continue to get, some people are pretty damn sore about it.
Remember, people will forgive you for being wrong far more than they will forgive you for being right. Think about it.
yes, i do recall when you said that, and, like i said, fair is fair. welcome to Fight Club! you shoulda bought gold when you sold yer silver. maybe. the G/Silver ratio was as low as it's gotten---abt 31-32, it closed above 37, yest, and now is up tp 38.5. of course, silver is $10 bucks cheaper, now, too!
if this is sell in may & go away, we'll see y'all around Labor Day. other than that, stick around. the banksters are printing, japan has thwarted ^GDP^ plans (which may be bearish for PMs for a while), and psych may have shifted, along w/ the GSR. maybe gold will go to 1350, too. what was mexico thinking? and why didn't they tell us sooner?
we know the silver bull is pooped. we know that the picadors have not only pissed him off to the max, but also put in a good wound, or two. now, the matador is dancing and looking like every boy's true hero.
but, just like the bear: sometimeZ the bull sends the fuking matador out, feet first, amigo.
happy cinco de mayo, BiCHeZ!
The silver to gold is not a bad play at all. Perhaps I should have done that, as gold may very well be forming a parabola itself.
The silver bull may be wounded, but he is not out for the long haul.
I typically like to be in cash for the summer, so you did read my mind there. Who knows, maybe everything will fall apart in the next three months and I will only have fire-feed on my hands. Dance with the devil for too long and you start to lose your soul.
Good luck Mate.
this thread is going to makes for some good quotes in the future. Little internet trolls, feeling a reprive, enjoying getting a few suckers to believe his lies, you maaaaaaaaad
When your investments are imaginary and just random troll lies on the interwebs, what do you hedge? the ability to claim you called something ROFLMAO :D
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by Dangertime
on Mon, 04/25/2011 - 10:35
Forgiven, the peak is in for this run. We will see $50 again but not likely for another year. You still have time to sell and restock with even more this summer.
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by Dangertime
on Fri, 04/29/2011 - 08:20
#1219786
Silver will break $50 next week and march possibly even to $60.
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I would buy silver over gold right now no question, heck I just traded two ounces of gold in for 70 ounces of silver, the ratio of gold to silver got way into golds favor today so I had to bite the bullet and make the trade. I would buy silver over gold as long as the ratio is over 20:1. I will trade into gold once that ratio hits 10:1 and ill keep trading in as low as that ratio goes.
Slewie;
Your analyses are top-notch. When do we get your predictions, so I can put my finger on pirate booty? I was thinking about selling off some physical until this downturn. Now I'm thinking about starting a new business based upon PM recycling.
+
Once faith lost in USD affects more than 4% of Americans, and they rush out to get alternate store of value, it's game over for the Ponzi, in reality.
If 10% of Americans do this for the same reason, 20% is a matter of a month or two away.
What will The Bernank, The Jeetner, The Blythe, The Crimex, and The Obama do?
When Americans take back the means of food production and the exchange medium, when they set up markets outside of the established ones, it's over. In order to re-assert their rights, that is exactly what they'll have to do.
I'm guessing you'll see food rationing before the Americans tune out from their TeeVees
+ Liberty & Freedom from criminal enterprise and rigged games (played with peoples' financial lives)
I think the XtraNormal Bears are right - there's going to be two prices. One is what your physical dealer will buy/sell, the other will be paper contracts based on green colored paper pricing.
Guess we'll see where the merry-go-round stops. My guess is the $50 level does get taken out before the Fall.
As an aside, any channel regulars able to send an email to briwerk or have him post what is happening? I'm a bit worried about the server and all. My email is tradertimm at gmail dot com. Appreciate it.
2:47 in bitchez
http://www.youtube.com/watch?v=I0mhX9hpq3g&feature=player_embedded#at=169
SILVER HAS TOPPED.
April 28 chart:
http://stockmarket618.wordpress.com/2011/04/27/thurs-april-28
You know, a broken clock should really be right more than once every four years.
The assholes in charge sure couldn't do anything about oil or food, you know, commodities that really effect people's standard of living.
No, they have to do it to silver because the TBTF fuckers on Wall St have to protected at all costs, even if that means poverty and starvation.
I hope when this dip is at the bottom, the physical buyers emerge in mass.....
last months I've been looking at the online adds (Netherlands) for silver bullion and almost all have been removed because these people are not going to sell for this weeks' prices. Also there are no "take this chance" adds showing panic sells. But this does not give much information about how much is being sold to bullion dealers, pawn shops and jewellers.
Holders are sitting out, this "dip" at this point is still just a retreat to the price of around 15 april
Sudden Debt maybe has a point that the marigin hikes push out paper investors and the dip is not over due to that but it will uncover the physical market
Time will tell
QE ends in June sheeple. Silver was the first commodity to blow off and crater. Gold is sinking, other commodities and the stock market will be next. Cash will be king until they fire up the presses again.
QE ends in June sheeple. Silver was the first commodity to blow off and crater. Gold is sinking, other commodities and the stock market will be next. Cash will be king until they fire up the presses again.
Betting that the State will have to monetize more debt and cause more inflation is a sure thing over the long-term. Timing a bet that monetization will take a short breather and prices will decline is a fool's gamble. IMO, this is a good time to hold dry powder if you have it already, but liquidating positions to make powder...not so much.
I just saw that Soros' fund is dumping SLV & GLD, he knows what is coming in the paper market...
http://www.businessinsider.com/john-paulson-gold-headed-to-4000-2011-5
http://online.wsj.com/article/SB2000142405274870383480457630155156926028...
similarly , Jim Rickards tweeted around 1700 est that (per CNBC i think) billionaire Carlos Slim is/has been 'actively selling silver futures out 2-3 years' , per spokesman (LOL) . lol on the 'spokesman' (cough*cough*blowjob*cough). wow, how 'bout the timing on this story , huh ? how blatantly arrogant (and apparently hugely desparate !) these prix are. if only Fox News or Stossel (anyone besides G-Beck) would spend some serious time on the whole silver manipulation story, maybe (?) they could make an impact....
Most paper (especially the digital substitute) looks risky now, not just "paper" PMs. The few digital bets i have are in bear ETFs. If i win large, i hope the broker is still around to pay.
don't sell now... very likely that this is the rumor spreaded that you sell at the low point.
I'm not a trader but I do casual research on the current state of the manipulation of silver. All these margin hikes and speculation along with the destructive manipulation only equal to another opportunity to aquire a metal with massive intrinsic value, at a much lower price. I will stop stacking when we have a currency that has not been designed to further devalue the welfare of the majority of our population.
I'm taken aback by some of the virulent emotions many anti precious metals posters exhibit
I've come to the conclusion that they don't like the fact that pm buyers have been RIGHT for 10 years now
I also think there's a component of fear as they see the potential for life as they know it ending suddenly (i.e., getting wealthy off of pushing paper around instead of doing honest work)
like another poster said yesterday, back when silver was at $10 the exact same give and take was going on between bears & bulls on ZH- only now silver has been trading in the $49 range. So who's right?
Good points.
The PM-bashers obviously tend to be conformist, "mainstream" center-thinkers, who inherently feel threatened by any suggestion that the world as they have known it may radically change or come to an end, even as they realize, whether consciously or subconsciously, that that is in fact happening before their eyes. So they lash out in fear and anger at those, like us, who insist upon them hearing the uncomfortable and painful truths that most of us here already fully accept with open minds.
There are also some, I have no doubt whatsoever, who are shills for the banksters and financial Establishment, and who troll here maliciously and with an agenda of talking down the precious metals, and scaring would-be buyers away from putting any amount of their hard-earned savings into the PMs before the dollar depreciates further or collapses outright. These disinformation agents and fearmongers acting on behalf of the banksters and financial PTB are nothing but evil Quislings, and deserve a traitor's death.
My sentiments exactly. SLV is for trading, physical is for buying. This options action is getting me all hot and bothered. We will bounce off 35, retrace, then go lower and probably wash out at 30 intraday. We won't be below 35 for more than a week. After that it may consolidate or range trade. By the end of the summer we are back above 50. By September we are punching through 60 on the way to 100-125 by year end.
Even some of the smart guys still don't realize they are currently witnessing the real-time failure of a keynesian experiment in debt-based fiat reserve currency exchange. The only way you are going to be buying more physical after a particular date is if you are actually making money trading. $10k with this service 3 months ago is worth $30k now...
http://slv.collective2.com
excellent comments (imo) on the mechanics of market manipulations,
BUT! "STEALING money from the public (by back-door THEFT of savings, wages, taxes, & real wealth by INFLATIONary MONEY PRINTING (and DIRECT EXTORTION of taxpayers "bailouts") and giving it to BANKERS, is not, Not, NOT "Keynsian" economics !!
Keynes was concerned with CREATING GOOD PAYING JOBS, and specifically, in macro terms, USING UNUSED INDUSTRIAL CAPACITY, aka maximizing ECONOMIC POTENTIAL > economic GROWTH.
What we've got now is RUBINOMIC, BUSHONOMICS Fed-o-nomics, GODDAMN-SACHS written economics... "GIVE MONEY to BANKERS, and CALL it 'stimulus'." IT IS NOT 'stimulus' IT IS LARCENY !
GoddamSachs is a RADICAL, Right-Wing REACTIONARY concentration-of-wealth-and-power; round-up-the-peons & lock-'em-down-on-plantation company.
(See the "ENCLOSURES" era
http://en.wikipedia.org/wiki/Enclosure
of brutal "clearances"
http://en.wikipedia.org/wiki/Highland_Clearances
and industrialization horrors of the England "Dickensian" era for the IMPERIAL, IDEOLOGICAL model behind our current Anglo/American/_____ Fed/GS/JPM Rubinomics royalist kleptocracy .) They DESPISE democratic, good-wages, environmentally sustainable economics, and, the despicable hate-mongers, they are PAINTING KEYNES, with the BLAME, for THEIR BLATANT LARCENY.
The only way to avoid these meat-head bully bastards and their fck-me-sally margin hikes is to trade the options. Simple. This is too flipping easy.
Show's over. Paper raid knocked silver down to $39.35 for the day - I'm still here, holding my metal, and ready to buy.
In other news, the fiat is stuck at 73. So nothing's really changed but for some transfer payments from saps to criminals.