Parabolic Flight To Silver, As April Crude Touches $98.48, Irrelevant Dollar Unch

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Mon, 02/21/2011 - 19:15 | 983208 CPL
CPL's picture

Fuck me.  Here it comes...EVERYONE INTO FAZ, TZA!!!!

 

All hands on DECK!!!

Mon, 02/21/2011 - 19:17 | 983223 nwskii
nwskii's picture

CPA

Why FAZ or TZA if Silver starts rockin? Thanks!

Mon, 02/21/2011 - 19:26 | 983248 CPL
CPL's picture

They are X3 ETF's with a bear angle, and when the trading seas are in bear mode they move around 10-20% in a day.

They are only for day trading though, you keep the Stop loss tight or your finger on the sell trigger.  Got some work to do to figure out the spreads.

Mon, 02/21/2011 - 19:32 | 983299 flacon
flacon's picture

Wow, did you just see that at 6:30pm! Somebody just barfed shorts all over silver and gold within a few seconds MASSIVE shorting! HUGE volume in gold; about ten times the average volume in the past few minutes. Let's see how long it takes the longs can clean up that vomit.

Mon, 02/21/2011 - 19:41 | 983338 Hearst
Hearst's picture

The battle is being won when the market is shorted by more and more people realizing the solution to these short shit storms is to BTFD.

Mon, 02/21/2011 - 19:52 | 983372 flacon
flacon's picture

Yep, took just 14 minutes to clean up the vomit spill on the silver isle and about 10 minutes for gold. I remember not too long ago when it would take several weeks to clean it up!

Mon, 02/21/2011 - 20:55 | 983599 akak
akak's picture

I sure do hope that Jeffrey "100:1" Christian and Jon "Gold is not in a bull market, but IS in a bubble" Nadler are wearing their industrial-strength Depends right now. 

Remember, though, Jonny, you have to remove them before going swimming in the Kitco pools.  But oops, my mistake --- those pools are all empty anyway.

 

Mon, 02/21/2011 - 21:43 | 983754 quasimodo
quasimodo's picture

Not to point the obvious but Nadler is a fucking puke, and the forum over there is a complete and utter fucking joke-way too many thought police over there.

Mon, 02/21/2011 - 22:04 | 983839 akak
akak's picture

... the forum over there is a complete and utter fucking joke-way too many thought police over there.

At the risk of sounding slightly crude, no fucking shit!

I used to regularly participate there, but with the massive and almost ubiquitous censoring of information and free thought by the thin-skinned, intolerant "moderators" there, particularly that hyper-uber-Nazi ynot2k, the Kitco forum is nothing but a complete mockery of what an online forum, and free discussion, should be.

Mon, 02/21/2011 - 23:58 | 984205 strannick
strannick's picture

A.K. in AK.

Yes, as one who also slaved under the thought-policing, freedom-hating fascist yoke of 'its not censorship, its editting' dumbassing ideologues like YNOT2K, before abandoning the Kitco backwater for the land of the ZH free, I would like to cyber-high five that one.

When the S was H'ing the F, John Nadler and his poodle YNOT2K did their part to delude many and ensure the truth not be told.

Tue, 02/22/2011 - 00:07 | 984230 akak
akak's picture

Greetings, fellow Kitco exile!

I hear they continue to build new guard towers, and install more barbed-wire fences and minefields, around the grim gulag of Kitco's forum.  "Forum", as in "if you are not explicitly for 'em (i.e., the Nadler/Christian/Wall Street/Federal Reserve axis of evil). you will be banned by ynot2kpikesupmyass."

Tue, 02/22/2011 - 07:30 | 984591 TGR
TGR's picture

Exciled here.

I got a perma-ban in late 2009 for "offensive behavior" after letting one too many expletives (run of the mill, everyday ones mind you) slip.

I reckon Nadler masquerades as a moderator in her spare time, as I was generally productive besides the odd dig at Nadless and one other gormless dolt on there who believed everything he read on the Internet about gold and China.

I don't miss it.

Mon, 02/21/2011 - 21:01 | 983621 Vendetta
Vendetta's picture

"I remember not too long ago when ..." ... exactly.  However my recollection is that it often took months to clean up

Mon, 02/21/2011 - 19:50 | 983374 potatomafia
potatomafia's picture

I sure hope they can short it back to sub-$30!! 

Mon, 02/21/2011 - 20:13 | 983452 william the bastard
william the bastard's picture

You'll be seeing red tommorrow. Why? markets are open!! LOL

Mon, 02/21/2011 - 23:29 | 984117 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Are you implying the Steve Jobs video will spook investors? 

Steve Jobs Day After Treatment:

http://www.radaronline.com/exclusives/2011/02/world-exclusive-video-apple-boss-steve-jobs-unsteady-his-feet-day-treatment

Mon, 02/21/2011 - 23:32 | 984126 william the bastard
william the bastard's picture

You troll, OT.

Tue, 02/22/2011 - 01:02 | 984343 hamurobby
hamurobby's picture

Kettle and pot... hahah, long 10k oz bitchez!

to da moon!!!

Bill the bitch, have a nice day.

Tue, 02/22/2011 - 01:04 | 984362 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Apple Futures = Red

Apple is the major stock of Hedge Funds

Futures = Red

Correlation?  I think so.  Does Steve Jobs's health play a role?  I think so. 

Do I like to fight the trolls?  Yes.  Is William the Bastard an ultimate troll?  Absolutely.

 

Tue, 02/22/2011 - 01:11 | 984375 tmosley
tmosley's picture

Nope, he's a grade school level troll.  Maximum trolling is what MCT does.  This guy phones it in.  He gets points for volume, though.

Tue, 02/22/2011 - 01:14 | 984379 hamurobby
hamurobby's picture

May the PTB bring it down below 32 an ounce so I can really really go long. I just wish I had had the balls to already be retired growing corn, but I digress.

Fuck the ptb.

Mon, 02/21/2011 - 20:15 | 983458 NoBull1994
NoBull1994's picture

Fairly happy with my SLV $40 strike Jan 2013 LEAPS.....

Mon, 02/21/2011 - 20:21 | 983481 william the bastard
william the bastard's picture

My bet? It mighta moved 50-75c. Post tommorra an lemme know nobull.

Mon, 02/21/2011 - 20:43 | 983567 Careless Whisper
Careless Whisper's picture

 

In honor of Executive Order 11110 I present to you Marilyn Monroe One Silver Dollar

http://www.youtube.com/watch?v=-p1nMaTXSrQ

 

Mon, 02/21/2011 - 22:14 | 983869 dark pools of soros
dark pools of soros's picture

except that 2013 doesn't exist on anyone's calendar. ANYONE'S

 

Tue, 02/22/2011 - 00:37 | 984302 robertocarlos
robertocarlos's picture

I retire and start collecting a pension in Feb of 2013. It's a whole 2800 dollars a year.

Mon, 02/21/2011 - 20:37 | 983551 eblair
eblair's picture

flacon, how do you see gold volume?  are you looking at globex volume? thanks.

Mon, 02/21/2011 - 20:54 | 983589 flacon
flacon's picture

This is what I use. It's the best free web service I have found so far. Go to Instruments and select SILVER or GOLD, then go "View" -> "Volume"

 

http://netdania.com/Products/live-streaming-currency-exchange-rates/real...

 

Note: You can click on the little "push-pin" icon and it detaches and you can make it full screen. Really neat site!

Mon, 02/21/2011 - 21:12 | 983658 potatomafia
potatomafia's picture

Thanks!!

Mon, 02/21/2011 - 21:52 | 983782 Dooud
Dooud's picture

Far out Man! That chart ties my Desktop together.

Mon, 02/21/2011 - 22:31 | 983937 Rusty Shorts
Rusty Shorts's picture

Dude, that is just too funny !!!

Mon, 02/21/2011 - 23:17 | 984082 infinity8
infinity8's picture

Ouch you killed me with that!

and Thanks! Flacon.

Tue, 02/22/2011 - 04:49 | 984515 OldTrooper
OldTrooper's picture

Just remember - The Chinaman is not the issue Dooud!

Mon, 02/21/2011 - 20:48 | 983586 Midwest Prepper
Midwest Prepper's picture

Excuse the newby here, but where can I view a chart that shows volume?  I only know Kitco's basic silver price chart.

 

Thanks,

Mon, 02/21/2011 - 20:52 | 983592 flacon
flacon's picture

 

This is what I use. It's the best free web service I have found so far. Go to Instruments and select SILVER, then go "View" -> "Volume"

 

http://netdania.com/Products/live-streaming-currency-exchange-rates/real...

 

Note: You can click on the little "push-pin" icon and it detaches and you can make it full screen. Really neat site!

 

Mon, 02/21/2011 - 21:05 | 983638 Midwest Prepper
Midwest Prepper's picture

Thanks!

Mon, 02/21/2011 - 21:48 | 983768 I only kill chi...
I only kill chickens and wheat's picture

Love the detachable, the other one's showing price in kilos.

Mon, 02/21/2011 - 23:17 | 984086 Shed Boy
Shed Boy's picture

@flacon Great link, thanks!

Mon, 02/21/2011 - 21:25 | 983696 DosZap
DosZap's picture

http://www.bullionvault.com/gold-price-chart.do

 

This is a decent chart set up also

Mon, 02/21/2011 - 22:07 | 983851 flacon
flacon's picture

That's a good one too. 

Mon, 02/21/2011 - 22:12 | 983867 Zero Govt
Zero Govt's picture

Flacon - many thanks for the chart... got the volume but how did you determine the big hit of shorting you mentioned?

Mon, 02/21/2011 - 23:31 | 984130 UncleFester
UncleFester's picture

Same one here too...I think.
http://goldprice.org/live-gold-price.html
UF

Tue, 02/22/2011 - 01:46 | 984413 mack jim
Mon, 02/21/2011 - 23:08 | 984058 prophet
prophet's picture

The other side of these peaks is brutal so be nimble.  I like the AGQ options for silver.

Mon, 02/21/2011 - 23:33 | 984131 UncleFester
UncleFester's picture

That's BBH fund, so be careful.  Don't stay in long.

UF

 

Mon, 02/21/2011 - 23:36 | 984139 william the bastard
william the bastard's picture

I'm long AGQ right now, but I trade it. The options on 2X and 3x ETF models are too expensive via b/s and conservative pricing methodologies and they are too illiquid for professional use or traders wanting depth.

Tue, 02/22/2011 - 03:38 | 984488 Bay of Pigs
Bay of Pigs's picture

What are you doing way down here you douche?

Mon, 02/21/2011 - 19:21 | 983252 Michael
Michael's picture

Muammar Obama has a place ready for you silver/gold bug bitches.

SNL Style V Comedy Sketch INFOWARS.COM

http://www.youtube.com/watch?v=AfFwNiY-0xE

Mon, 02/21/2011 - 19:26 | 983273 CPL
CPL's picture

Good thing I'm a Canuck, I own a shovel and a large piece of land.  One of the fellow ZH'er got me thinking about this about three weeks ago.  It's now buried instead of banked.

Mon, 02/21/2011 - 19:32 | 983307 serotonindumptruck
serotonindumptruck's picture

Good move.

Do NOT follow this link or you will be banned from the site!