WTI Recovers Over 60% Of Losses Since Goldman Downgrade

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Thu, 04/14/2011 - 12:31 | 1169133 NOTW777
NOTW777's picture

was that a new era silver correction? 42 to 40ish

Thu, 04/14/2011 - 12:37 | 1169160 Ray1968
Ray1968's picture

It was just a small sale that our PMs went on. Great time to jump in or add. Now lets ride the next leg uuuuupppppppp.

Thu, 04/14/2011 - 13:26 | 1169366 nope-1004
nope-1004's picture

JPM is failing miserably at downward price manipulation of metals.

Goldilocks now fails at downward suppression of other comods.

Who will Benocide hire next to try to convince me that there is no inflation as I barely keep my head above water paying inflated bills with devalued shit?

I never thought white collar crime would lead to a fascist state, but here we are.



Thu, 04/14/2011 - 13:45 | 1169463 Bicycle Repairman
Bicycle Repairman's picture

A whole two days later Goldman Sachs = F*A*D*E

Thu, 04/14/2011 - 12:53 | 1169225 Thunder Dome
Thunder Dome's picture

Just wait til June.  Silver longs will know great pain.




Long $25 SLV Puts

Thu, 04/14/2011 - 12:55 | 1169236 pendragon
pendragon's picture

with this vol youre better off selling in the money calls

Thu, 04/14/2011 - 13:02 | 1169255 SheepDog-One
SheepDog-One's picture

Exactly what I was arguing the other day when the big story about the $1 million 25 silver put purchase came out.

Of course now all the silver bears are disclosing theyre also loaded up on $25 SLV puts. 

Thu, 04/14/2011 - 13:11 | 1169289 pendragon
pendragon's picture

that short gamma might ensure a few sleepless nights though...

Thu, 04/14/2011 - 13:15 | 1169316 Thunder Dome
Thunder Dome's picture

No one is more annoying these days in the entire marketplace than the silver bugs.

Thu, 04/14/2011 - 13:20 | 1169343 d00daa
d00daa's picture

Options "traders" that don't know when they should be long/short volatility are infinitely more annoying, IMO.

Thu, 04/14/2011 - 13:31 | 1169387 tmosley
tmosley's picture

Sounds like sour grapes from a sore loser to me.


Thu, 04/14/2011 - 13:57 | 1169503 homersimpson
homersimpson's picture

I'm sure those losses you've been taking betting against silver the past year is probably more annoying..

Thu, 04/14/2011 - 13:05 | 1169275 d00daa
d00daa's picture


Thu, 04/14/2011 - 12:57 | 1169244 ZeroPower
ZeroPower's picture

Agreed. Happy for you silver longs, but you can't be serious in calling this 42-39.8s a correction. Wait for 37s at least before reloading.

Thu, 04/14/2011 - 13:04 | 1169267 d00daa
d00daa's picture

There are no June11 puts written at any strike.  What month are you trading?  How much are you allocated to this "bet?"  25 strike up and down the chain looks pricey to me.

Thu, 04/14/2011 - 13:10 | 1169296 Thunder Dome
Thunder Dome's picture



Should be real juicy!

Thu, 04/14/2011 - 13:15 | 1169300 Thunder Dome
Thunder Dome's picture

Let's just say around June 12 I may be calling Tyler to buy a controlling interest in Zerohedge.

Thu, 04/14/2011 - 13:20 | 1169330 tmosley
tmosley's picture

More likely you will be slinking off like a beaten dog, probably to find a bridge to jump off of.

Knife catching moron.

Thu, 04/14/2011 - 13:21 | 1169353 Spastica Rex
Spastica Rex's picture


Why would you want that?

Thu, 04/14/2011 - 13:51 | 1169479 Bicycle Repairman
Bicycle Repairman's picture

LOL.  Thunder Dome, buddy, just reach over into the next cubicle and wake up Johnny Bravo.  He hasn't posted in weeks.

Thu, 04/14/2011 - 13:14 | 1169299 Ray1968
Ray1968's picture

I hold SLV puts also... 1- hedge against a sharp correction 2- profit when the truth is learned about the fraudsters at JPM and HSBC that they have no silver in the vaults.

Holding puts is no sin even for silver bugs.

Thu, 04/14/2011 - 13:23 | 1169365 d00daa
d00daa's picture

Of course not, if you're using it as a hedge.

Expressing a short speculative options "trading" position in SLV by being long Jul 25 puts is borderline retarded.

Thu, 04/14/2011 - 16:45 | 1170258 Ray1968
Ray1968's picture

Perhaps I misread him, but when you are long a put... you're in a short position for the underlying security. To short a put, means you sell the put hoping the price of the underylying security goes up (long)

Thu, 04/14/2011 - 16:46 | 1170261 Ray1968
Ray1968's picture

Perhaps I misread him, but when you are long on a put... you're in a short position for the underlying security. To short a put, means you sell the put hoping the price of the underylying security goes up (long)

Thu, 04/14/2011 - 13:14 | 1169314 doggings
doggings's picture

Just wait til June.  Silver $25 put longs will know great pain.

there, I corrected your obvious typo for you..

Thu, 04/14/2011 - 13:19 | 1169337 NOTW777
NOTW777's picture

i dont view SLV as silver

Thu, 04/14/2011 - 13:41 | 1169430 Id fight Gandhi
Id fight Gandhi's picture

People are buying metals instead of holding fiat. Yen euro dollar all trash.

That's what these traders dont understand. They think it's just a run up in another commodity

Thu, 04/14/2011 - 15:27 | 1169884 Fíréan
Fíréan's picture

 Interesting that this all happens excatly same time that Glencore announce their flotation !

Thu, 04/14/2011 - 12:36 | 1169149 tmosley
tmosley's picture

Let's let the moron trolls try to claim they are making money by being leveraged short now.

Morons.  Long physical, bitches.

Thu, 04/14/2011 - 12:39 | 1169159 RobotTrader
RobotTrader's picture

OIH, XLE, XOP still sucking wind.

Need to see these take off to set the path for higher prices.

Thu, 04/14/2011 - 12:45 | 1169189 lieutenantjohnchard
lieutenantjohnchard's picture

what's sucking wind is your portfolio of widows and orphans stocks. and the walls creep ever closer in your dusky, dingy apartment.

Thu, 04/14/2011 - 19:35 | 1170802 Zero Govt
Zero Govt's picture

+1     chuckle :)

Thu, 04/14/2011 - 13:09 | 1169293 SheepDog-One
SheepDog-One's picture

Whats not sucking is gold and silver, rocketing up today! Too bad you didnt buy PM's long ago, but piled into stocks which are sucking wind losing purchasing power no matter how much they go up.

Thu, 04/14/2011 - 12:37 | 1169161 NotAllowed
NotAllowed's picture

Tyler pretty sure at the end of the article you told us we "have been warned"

Thu, 04/14/2011 - 12:42 | 1169182 Tyler Durden
Tyler Durden's picture

Correct: warned that Goldman will be buying everything it downgrades. Gold is next.

Thu, 04/14/2011 - 12:56 | 1169240 NotAllowed
NotAllowed's picture

This is why I love ZeroHedge, it's almost like cheating!

Thu, 04/14/2011 - 13:50 | 1169475 Dr. Richard Head
Dr. Richard Head's picture

I remember back in the day of my early buying of stocks I would dream that one day I would have some good insight on the market in the form of an insider tip.  Never did I realize a motley crew of bloggers would be that tip; furthermore, having precious metals as the avenue. Once one steps outside of the matrix and sees it for what it is, it is impossible to go back. 

I believe I owe a donation to ZH - http://www.zerohedge.com/content/donate-zero-hedge  It's coming, just as soon as I restock my food pantry. 

Inflation is a Bernanke.

Thu, 04/14/2011 - 13:00 | 1169257 jmac2013
jmac2013's picture

TD- maybe I'm just slow in grasping this, but with JPM kicking and screaming about oversight of the derivatives market, isn't it possible that JPM and the other large institutional players can take one position in the market and the opposite one in the highly leveraged derivative market, and nobody would really know?


Thu, 04/14/2011 - 13:05 | 1169273 Robot Traders Mom
Robot Traders Mom's picture

You are exactly right. JPM is like the local bookie though. Sleezy douchebag that always wins in the end playing both sides and making the spread...

Thu, 04/14/2011 - 13:01 | 1169263 SheepDog-One
SheepDog-One's picture

Thats what I assumed right away, if GS is calling the top on something, that means its about to shoot straight up.

Thu, 04/14/2011 - 14:08 | 1169555 slaughterer
slaughterer's picture

What argument can GS legitimately trot out to downgrade gold/silver other than saying that they are telling the Fed to abruptly end quantitative easing?    The oil downgrade just borrowed a trope from the UK inflation undershoot on demand destruction. 

Thu, 04/14/2011 - 12:37 | 1169163 Popo
Popo's picture

Goldman probably bought their own dip.

Thu, 04/14/2011 - 12:42 | 1169183 Cash_is_Trash
Cash_is_Trash's picture

I was thinking the same thing...

One day, they will overestimate their importance.

Thu, 04/14/2011 - 13:40 | 1169184 Id fight Gandhi
Id fight Gandhi's picture

It's easy money when they can front run themselves.

Thu, 04/14/2011 - 14:04 | 1169533 Bicycle Repairman
Bicycle Repairman's picture

Goldman bought the dip of some fool who sold.

Thu, 04/14/2011 - 12:39 | 1169165 NOTW777
NOTW777's picture

WTI looks like it held an earlier ascending triangle BO

Thu, 04/14/2011 - 12:38 | 1169168 rocker
rocker's picture

Heard on Bloombert today that Godman Shafts might be up for perjury charges.

Will Bernie Madoff finally get a room buddy.  Or could it be Baba.

Thu, 04/14/2011 - 12:48 | 1169201 Temporalist
Temporalist's picture
Senate panel concludes Goldman Sachs profited from financial crisis



Goldman Misled Congress After Duping Clients: Levin


Thu, 04/14/2011 - 12:51 | 1169216 LawsofPhysics
LawsofPhysics's picture

And congress will promptly do NOTHING.

Thu, 04/14/2011 - 13:51 | 1169482 Dr. Richard Head
Dr. Richard Head's picture

Congress will do plenty, that is if you believe doing something is reciting platitudes on television, slapping bankster fraud offenders on the wrist, and then holding out their hand for a campaign contribution. Son of a Bernanke! 

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