Silver - 10% One Day Drop Followed A 76.4 One Day Retracement

Tyler Durden's picture

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
tmosley's picture

Dangertime, if he was telling the truth, pissed away about 80% of his ten year gain.  

And not one single fuck was given that day.

Harlequin001's picture

buying since $40 was maybe not such a good idea...

Ouch...

fuu's picture

Is he officially puking blood yet or is that a little longer?

Bay of Pigs's picture

I wonder if he sharted his pants yet?

Pool Shark's picture

 

Like Robo, he lives in his parent's basement and doesn't actually have any 'assets' to invest.

And like Math Man, he too will vanish when it becomes obvious his 'calls' are utter nonsense...

(Remember, he predicted just yesterday that silver will be below 45.50 by Monday open...)

 

Harlequin001's picture

'yer all talking bollocks. He cleared out at $45 and went long, just in time...

Math Man's picture

Anatamy of a bubble:

On March 10, 2000, the NASDAQ closed at 5,048.

A few days later it closed at 4,582 (March 15th).

But thankfully it rallied back to 4,963 by March 24th, and the longs once again claimed victory.

Three weeks later, the longs had lost thier fucking shirts.  On April 14th, 2000, the NASDAQ closed at 3321, and I'm sure a lot of them decided to BTFD.

Unfortunately for them, one year later, on April 3, 2001, it was below 1700.

 

 

Silver traded above 49 on April 25th. 

On April 26th, it dropped below 45.

But today it rallied back above 48 on April 27th!  Victory for the longs!

This is playing out just like the NASDAQ - only faster.  The longs are calling for a victory because we've rallied back to 48.  But just like the NASDAQ, it's a total headfake. 

This is not going to end well for the longs.  Be warned.

We'll be at 31 in a couple weeks, and below 20 by the summer.

Harlequin001's picture

Math man, the NASDAQ is not silver.

Silver has inherent value as a money, the NAS does not and is inherently worth nothing...

So, at what point do you concede that you are wrong, and would that have any relation to expiry, which is the point at which you must realise and crystallise, or at the very least account for your loss, or gain, whatever it is?

Dr. Porkchop's picture

He's resorted to PM trolling on up days now too, things must be getting serious.

Dangertime's picture

Your point is meaningless.  The bubbles Nasdaq and Silver have one major thing in common.  The longs were/are emotionally rabid.  This is a signal that a bubble has come on scene.

 

tmosley's picture

Emotional?  You're the one that sold the silver you owned for ten years and went hugely levered short.  Sounds pretty bipolar to me.

Hows that working out for you, by the way?

lol

Math Man's picture

Math man, the NASDAQ is not silver.

Silver has inherent value as a money, the NAS does not and is inherently worth nothing...

 

They are the same.  Everybody bought the NASDAQ for the right reasons.  The internet was going to change the world.  And it did.  They just paid the wrong prices.

Everyone is buying silver for the right reasons.  The national debt is at records highs, the dollar might continue to devalue, etc, etc, etc.  They are just paying the wrong prices.  Silver has run 150%+ in a little over six months, and 75% since Jan 26th...  

Buying for the right reasons but paying the wrong price is the hallmark of a bubble.  Ever stop to think about why Gold is up less than 30% in the same time period?  It is 'money' too.  You're all about to be victims of a huge bubble here.  Have fun when it is back below $20. 

Do yourselves a favor here.... either sell, buy some puts, or at the very least swap your silver for Gold....

tmosley's picture

Damn, you really are trying HARD aren't you?  Trying so very, very hard to squeeze some physical silver back onto the market.

You don't know shit about supply and demand, or bubble psychology.  Stop pretending you do.  If you did, your predictions wouldn't be failing CONSTANTLY.  Failure to predict the outcome of defined situations has invalidated your hypothesis.  Time for a new one.

But you are emotionally invested in yours, so you will keep losing money, and keep shouting from the rooftops how wrong the world is.  Twenty years from now, you'll be smeared in feces in a cardboard box mumbling to yourself "It's a bubble..it's a bubble..they'll get theirs...they'll see soon...any day now..."

You were wrong.  Get over it.

Math Man's picture

You've been warned Tmo...

You're going to be in for a world of hurt when your 95% silver allocation hits $20. 

Have fun...  Seriously, why not swap in to Gold or buy some puts? 

 

akak's picture

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

..... only $5 to dig it from the ground .....

 

Too bad zombies are singularly inept in handling shovels.
Must have something to do with that hunger for brains.

 

 

akak's picture

Dear MethMan,

I would positively love to strangle your skinny pathetic trolling ass (while you shamelessly grovel for mercy, and I laugh hysterically) by twisting your bile-filled intestines around your scrawny neck while simultaneously shoving a 100 oz. bar of silver down your filth-spewing lying mouth.  Then I would take a chainsaw to that scrawny neck, sever it from the pustulent body to which it is attached, scoop out the minimal amount of brains inside that phenomenally thick cranium of yours, and shit inside it before feeding it to hyenas.  Your remaining body will then be fed into a woodchipper, with the noxious byproducts being scattered over Blythe Master's lawn, where they would assuredly burn the grass dead and render the soil sterile for centuries to come.

ElvisDog's picture

Don't be such a namby-pamby, akak, tell us how you really feel. I prefer the olde English way of drawing and quartering.

http://en.wikipedia.org/wiki/Drawing_and_quartering

akak's picture

That would work too --- as long as I get to flay him alive first.
I've got a lampshade that needs replacing.

jeff montanye's picture

what?!  no junks for lampshade references?!

OldPhart's picture

Lamp shade would be snazzy if you include his tramp stamp.

Mesquite's picture

Heh heh..

Nice thread this morning..

Must be the weather..Or..??

falak pema's picture

Lol, you sir are decidedly not a magnanimous winner... You want your pound of flesh, your pint of milk and the dairy maid as well!

southsea13's picture

Blimey! That`s positively Chaucerian prose there (and well deserved too). Even if silver had dropped I`d just have bought a load more as the dollar`s going to be the world`s reserve currency for not much longer. When you deal with Meth / Math / Moth/ man make sure you`ve got some hazmat gear as he`s probably got bubonic plague festering in his vile carcass. :)

Slewburger's picture

So my trading account was notifiying me they were willing to pay 5% premium to buy back my Nortel stock? Must have missed that email.

You are a dead gnat on the front of a locomotive, good luck with your puts.

i-dog's picture

"We'll be at 31 in a couple weeks"

For SLV you could well be right...for physical silver, not so much...

Fred C Dobbs's picture

I've seen your warnings many times before. 

bothsidesnow's picture

You are wasting your time Math Man you can't fix stupid.

The glock and ammo guys know everything and if the market doesn't go their way they will just shoot you.

Plus they didn't listen to Bernanke very carefully like I said in previous posts the one mistake or off message statement he made that Tyler and the crew did not catch is this:

We are at the point where the benefits of security purchases are starting to diminish.

Like I said you can't fix stupid but you can buy their silver from them at 20 if you hedge your physical with a paper short in the Forex market.

78.6 is proving to be resistance in Asia and London.

Tyler - Can you get rid of the fucking Trump ads or block them. Do you really wan't to run adds for a guy that has gone bankrupt more than once. Doesn't that go against the ZH manifesto?

jeff montanye's picture

imo tyler wan'ts the money the adds bring.  plus the idea of trump for president is refreshingly funny and deeply subversive of taking the current u.s. political process seriously

tmosley's picture

I love how you call "right", "stupid".

"This world is STUPID.  I'm smarter than the market!"

Good luck with that attitude.  Trading like that will turn you into a greasy streak on the road inside a few weeks.  Sort of like Mathman and Dandertime.

RmcAZ's picture

We'll be at 31 in a couple weeks, and below 20 by the summer.

This looks like a great quote to save as a "favorite", and revisit later on. Bookmarked.

tmosley's picture

Funny thing is, he's been saying it for months.  We were supposed to be at $20 next week, IIRC.

Overflow-admin's picture

You should read "Anatomy of a Ben Bernanke"
And "Anatomy of the path to Inflation"

Hugh G Rection's picture

It looks like he bugged out after junking the whole last thread.... poor bankrupt troll :-(

 

Time for a dose of angry masturbating followed by crying himself to sleep for DangerDouchey...

Iam_Silverman's picture

Don't you ever get tired of cut-and-paste spamming?

At least try to tie in your pathetic site cheerleading making it apply to the current topic.

Zer0henge's picture

Yeah...I bought a vineyard.  Whachoogot?  A field of Wheat?

Sudden Debt's picture

VODKALAND!

FREE ENTRANCE FOR BLOND D CUPPED TIGHT ASS BITCHEZ!!

 

 

Harlequin001's picture

I bought gold and silver...

still got gold and silver...

I'll buy land after rates have popped, not before.

Urban Redneck's picture

Yes, I do, and I can get plenty more in a more desirable country at far better prices than you are offering.  Panamas strength is non-treaty banking, not farming.

rosiescenario's picture

...that is what happens when Brownian motion gets confused with a 'trend'...Me, I'd rather just stick to the fundamental drivers behind silver's price...but, having said that, when can we get Ben back on T.V.??? If we could just get him on Amerikan idol, the public would actually start buying silver.

FIAT_FixItAgainTony's picture

+10

if only !  yes, the buying would be massive.

after purchases, he'd get voted off the show because he'd be the biggest no-talent worst ever contestant. 

TwoShortPlanks's picture

Gimme a break, I'm sucking-air and living from pay-to-pay while trying to buy as much Ag as I can...I need more time God Damn-it!!!!

And what's this caper with this correction retrace BS?! I was gonna buy the dip on Monday ***face burries in hands and sobs uncontrallably***

LOL, lucky I bought plenty ages ago...I'm just greedy is all.

 

PS. Off to the Mint on Monday/Tuesday, I always have a chat with the ladies so I'll let you guys know what inventory they have that afternoon. This is 'On The Ground Intel' which counts a shit-load much more than blips on a screen...for long term that is.

schoolsout's picture

Douchinger and the douchengerites are licking their wounds and going in for another kill...you poor people that believe metals are better than paper money have another thing coming....

 

lol

FIAT_FixItAgainTony's picture

we sure do.  metals can return to original values but the fact remains intrinsic value can never be zero like paper.  paper can eventually buy nothing, while gold and silver will always get you something.

history repeats for those who fail to learn from it.

Long-John-Silver's picture

He's on the waiting list with a new handle LOL.

Harlequin001's picture

which one was it said he had a Porsche?

I get confused with the ones telling me these great trades allow them to buy fast cars and others selling advertising on the side of trucks...

fuu's picture

That would be DangerTime/Math Man.

Dr. Porkchop's picture

Silver, the right thing to do and a tasty way to do it. It may even cure the diabeetus.