tag:blogger.com,1999:blog-3034901630224544639.post4927765068706531518..comments2024-02-23T05:16:46.265-05:00Comments on Along The Watchtower: Hoping For A Dip?Turd Fergusonhttp://www.blogger.com/profile/03393759110641882003noreply@blogger.comBlogger186125tag:blogger.com,1999:blog-3034901630224544639.post-5994404153893666192011-04-19T18:07:03.598-04:002011-04-19T18:07:03.598-04:00I am a so very newbie in this world of options. Ho...I am a so very newbie in this world of options. However, I have been a avid reader of Zerohedge andjust found this article. Hopefully it helps some of you. I am just on the sidelines right now trying to learn. <br /><br />Plausibel Denial.<br /><br />http://www.zerohedge.com/article/options-risk-manipulation-and-may-silver-40-calls-fmx-connect-special-parts-1-and-2Plausiblehttps://www.blogger.com/profile/07591691262336988118noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-44219998645833043182011-04-18T07:50:06.398-04:002011-04-18T07:50:06.398-04:00And for those that follow my XAG/USD trading, I wa...And for those that follow my XAG/USD trading, I watched the action last night until 10pm and hit the sack. Nice upside, good to know where the short range ceiling is. I did not sell my Friday positions at 3am (or otherwise), slept through and didn't care. But I did wake up for 7am and BTFD (lightly) at 42.76 (netdania). That's -60 cents (roughly 1.5%) off the Asia high. Good enough to get my feet wet for the day.<br /><br />I like TFs targets posted last night. Probably won't buy again in the 42s but would again in the 41s.<br /><br />We'll see what the rest day/week brings us..pailinhttps://www.blogger.com/profile/17601203970253477737noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-68700780608311236662011-04-18T07:43:48.167-04:002011-04-18T07:43:48.167-04:00Good morning all. I see some top-callers have emer...Good morning all. I see some top-callers have emerged overnight. How nice :)<br />It's good to have some balance, as long as the comments aren't truly trollish in nature.<br /><br />@swampfox (et al)<br />Did you ever consider that 1980-1999 yrs of out-sized (compared to historic returns of 6-8% annual including dividends) stock market gains was the anomaly vs. gold/silver, not the other way around? Any of these short or long term bearish-metals arguments can (and if you're truly seeking truth should) be flipped to see how they look in the opposite direction.<br /><br />I don't -with certainty- know where gold and silver relative to the dollar and other asset classes are going as ROI, but I do know they represent the only asset I can completely control w/o counter-party risk. Other risks exist that I feel I can manage to my own comfort (unlike owning shares in APPL when SteveJ dies), like property taxation of metals (I won't declare or pay), like confiscation (I won't surrender 'em), like theft (I'll hide 'em well). Nothing is assured or 100%, but I trust nobody better than myself to manage my assets to my own best success or limit my own worst case scenario.<br /><br />Anybody - please suggest an alternative store of value and/or wealth builder that gives me the same or better control of my own destiny with the same or less counter-party risk. I'm serious, I only know that I don't know much at all. I'm always looking for new ideas to consider.pailinhttps://www.blogger.com/profile/17601203970253477737noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-77345616881281431402011-04-18T07:06:10.086-04:002011-04-18T07:06:10.086-04:00Teenage Wasteland: Jobless Rate For Young Is 25%—a...Teenage Wasteland: Jobless Rate For Young Is 25%—and Rising<br /><br />http://www.cnbc.com/id/42572175Fhttps://www.blogger.com/profile/09066333396212339707noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-53753568553687449332011-04-18T06:41:55.377-04:002011-04-18T06:41:55.377-04:00"vamoose said...
Look , even a routine corre..."vamoose said... <br />Look , even a routine correction of a parabolic blowoff is 30 percent, and generally far more, including complete retracement, which would be 17 kiddies. Thats where it started."<br /><br /><br />Yeah, my PM dealer being out of 1000oz bars for nearly half a year now sure isn't sign of strong fundamentals.<br /><br />Sorry, but there is a fight for every lot of physical silver that reaches the market, and not because a few measly silver investors like to speculate, but because industrial users NEED silver to manufacture their products. Industrial demand has been pretty much 100% of world production for a while now, and the demand surplus the past decade or so has been fed by depletion of stockpiles. These stockpiles are gone now.<br /><br />Just for the sake of it, how do YOU believe this demand/supply imbalance is going to resolve itself? Keeping in mind that in most products, very little silver is used, meaning the impact of it on the price of the final product is negligible.Markushttps://www.blogger.com/profile/05841477708608109602noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-40143908611809090442011-04-18T06:18:55.123-04:002011-04-18T06:18:55.123-04:00@Vamoose
How can you only look at the charts and...@Vamoose<br /><br /> How can you only look at the charts and say we are going to drop Big time? Sure the charts are screamming correction,but Are you not paying attention to outside events? <br /><br />The endless pumping of money? The spending on three wars? Higher taxes? The turmoil in the mideast?Record unemployment levels with no end in sight? inflation? The loss of world reserve currency status? The possibility of default or more borrowing in June? the ferocious demand for physical metal ? ect,ect..<br /><br /> Sure were going to have a correction, but it wont be huge and it wont be long, and if the US continues to devalue its own dollar and spends like a drunken sailor with a visa card,then there is only one way for PM to go .<br /><br /> If your going to look at the charts in a bubble by themselves, I think everyone would agree with you. There are huge outside factors that need to be considered. <br /><br /> Im a serious poker player, and I want to know the odds before I put my hard earned money in pot, and if the odds are good,Im in.If not, Im out. To me, Silver is a good bet. its not a guranetee win , but its a high percentage play, the odds are heavily stacked in my favor, and I like the odds. Im sitting on pocket Aces, and someone went all in ,Im 82% to win <br /> Should I call or fold? Im calling , I might lose the hand but I like my odds.<br /><br /> Can you list anyoutside factors that make you belive silver is going to drop besides the charts?Fhttps://www.blogger.com/profile/09066333396212339707noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-404491038458379052011-04-18T06:13:30.366-04:002011-04-18T06:13:30.366-04:00Didn't write any mails, but I do hope for a di...Didn't write any mails, but I do hope for a dip to increase my position. And I'm expecting one too, be it only 1$.Markushttps://www.blogger.com/profile/05841477708608109602noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-37984128246281516842011-04-18T06:03:22.427-04:002011-04-18T06:03:22.427-04:00Anyone got an opinion on Focus Minerals Ltd?
Have...Anyone got an opinion on Focus Minerals Ltd?<br /><br />Have a read of this...<br /><br />http://www.juniorgold.co.uk/wp-content/uploads/Junior_Gold_FactSheet_201104_update.pdfBetPharaohhttps://www.blogger.com/profile/06036824603824263225noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-60679735644027059482011-04-18T05:53:58.251-04:002011-04-18T05:53:58.251-04:00This is starting to become a recurring pattern.
E...This is starting to become a recurring pattern.<br /><br />Euro weakness in the morning leads to POSX strengthening, leads to PM's dropping down a little. After a few hours, traders again realize that the dollar is pretty much as weak, if not weaker, than the euro, and we get a bounce up in the EUR.USD, PM's spike upwards making good their earlier losses. <br /><br />On the other hand, I've got some analysts calling for a euro top, saying that EUR.USD will go down to about 1.42 before resuming its uptrend. If that turns out to be true this might be a good moment for a correction, but I doubt it seeing how resilient silver is the face of POSX strength. While the dollar is up 0.71% against the euro right now (11.52 Amsterdam time) silver is only down about 0.10% in dollar terms. In euro terms it's up 0.65%.Flevehttps://www.blogger.com/profile/04754379788694620252noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-28607649658978500372011-04-18T05:53:44.582-04:002011-04-18T05:53:44.582-04:00Marc Faber. Doctor Doom?
http://en.wikipedia.org...Marc Faber. Doctor Doom? <br /><br />http://en.wikipedia.org/wiki/Marc_Faber <br /><br />/MehCatseyenuhttps://www.blogger.com/profile/02982434826224206636noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-38890522213963059312011-04-18T05:40:52.651-04:002011-04-18T05:40:52.651-04:00Latest Marc Faber interview ;
agrees with most of...Latest Marc Faber interview ;<br /><br />agrees with most of us that owning physical is<br />very important , be your own central bank etc,<br />but has a stark warning not to own physical in the U.S. http://video.cnbc.com/gallery/?video=1886291685<br /><br />Ive been busy buying at auctions etc , had a lot<br />of success with antique silver at spot or below.<br />try to look in here regular but the site has grown so well its hard to catch up. regards to all , except trolls.UK turdwatcherhttps://www.blogger.com/profile/14382472825089266836noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-43367054854682129702011-04-18T05:20:58.985-04:002011-04-18T05:20:58.985-04:00Up late here on the west coast... the metals were ...Up late here on the west coast... the metals were kicking butt until London opens, then the typical silver beatdown attempt starts to occur. Gold is looking really strong.lord kooshttps://www.blogger.com/profile/02990996827235679573noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-83128896926696864522011-04-18T04:57:50.524-04:002011-04-18T04:57:50.524-04:00My guess is with the long weekend coming up and al...My guess is with the long weekend coming up and all the shenanigans going on next week, we might see a major hit today and flatter week than many expected. I my take profits earlier than I planned.AgApe47https://www.blogger.com/profile/15384699384193704820noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-57939346837223517092011-04-18T04:47:27.398-04:002011-04-18T04:47:27.398-04:00Based on the previous 2 month pullbacks and follow...Based on the previous 2 month pullbacks and following price break outs, I think we'll trade relatively flat for the next 2 days, w/ a break out starting by Wednesday.sykhttps://www.blogger.com/profile/00278179022238474682noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-91737764879133624202011-04-18T04:07:55.159-04:002011-04-18T04:07:55.159-04:00Just read my Hat Trick letter, Jim Willie says the...Just read my Hat Trick letter, Jim Willie says the same thing bout the HSBC deal.<br />Hope you folks are gettin some sleep it's only 10 pm hst. Go sleep already!kumanarihttps://www.blogger.com/profile/15505410787224698111noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-74930307483898685232011-04-18T03:51:55.374-04:002011-04-18T03:51:55.374-04:00POSX catching a good bid here.
But how long will i...POSX catching a good bid here.<br />But how long will it last...?<br />Despite this, PMs not getting sold off big.<br />More to come later probably.JoeKahttps://www.blogger.com/profile/04683871801568414048noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-4432831306885020032011-04-18T03:22:04.600-04:002011-04-18T03:22:04.600-04:00This comment has been removed by the author.Julidahttps://www.blogger.com/profile/09169286243960335389noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-8330914207814019942011-04-18T03:19:49.176-04:002011-04-18T03:19:49.176-04:00If those house wives of the bankers got risk free ...If those house wives of the bankers got risk free loans according to interview on MSNBC, then imagine JPmorgue has same privilege of risk free money do this too. It worked when people weren`t taking delivery. But game is changing. The comex default will happen IMO. Just a matter of time and pressure from people like us that see the truth. And the SLA, and BOSaveragejoehttps://www.blogger.com/profile/12017762924234008240noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-31130483986235753462011-04-18T03:08:49.532-04:002011-04-18T03:08:49.532-04:00POSX strength is making silver vulnerable to big r...POSX strength is making silver vulnerable to big raid. IMHOaveragejoehttps://www.blogger.com/profile/12017762924234008240noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-4445927532080913222011-04-18T03:04:05.733-04:002011-04-18T03:04:05.733-04:00Soooo HSBC (slv & sivr "custodian") ...Soooo HSBC (slv & sivr "custodian") is holding UT's au? Bass is Bear Stearns alum.UT got out of paper au to give phys to the paper queen? I wish I went to a better college so I could understand all this, and to think Brown was right across the street.kumanarihttps://www.blogger.com/profile/15505410787224698111noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-3434411345887527822011-04-18T02:15:18.070-04:002011-04-18T02:15:18.070-04:00RoCoach, that quote hit the nail on the head.
&qu...RoCoach, that quote hit the nail on the head.<br /><br />"It is the government that must be tempered and<br />controlled. Not what is money or not.""Garethhttps://www.blogger.com/profile/05740725044110754172noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-87094564316184325352011-04-18T02:11:05.072-04:002011-04-18T02:11:05.072-04:00Update on the reserve ratio hike.
This now from Re...Update on the reserve ratio hike.<br />This now from Reuters. It's not expected to "dent prospects of a global economic recovery".<br /><br />www.reuters.com/article/2011/04/18/markets-global-idUSL3E7FI08U20110418<br /><br />Any dip is likely to be shallow and short-lived.<br /><br />To me, if anything, PMs should not be dipping at all given that every week there is acknowledgement of the grip of inflation worry from various countries.JoeKahttps://www.blogger.com/profile/04683871801568414048noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-48886019969954855822011-04-18T01:56:14.969-04:002011-04-18T01:56:14.969-04:00China just raised bank's reserve ratio require...China just raised bank's reserve ratio requirements again this time by 50 basis points.<br /><br />www.moneycontrol.com/news/world-news/china-raises-bank-reserve-requirements_536570.html<br /><br />Should logically be a down day and the EE should use this opportunity to pile on when London and NY open. Asian markets are now trading down slightly after pushing AG as high as 43.33.<br /><br />Powder dry, ready to load!JoeKahttps://www.blogger.com/profile/04683871801568414048noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-54118050074450830602011-04-18T01:52:46.617-04:002011-04-18T01:52:46.617-04:00Re Comment Section (Take 2):
I have been involved...Re Comment Section (Take 2):<br /><br />I have been involved in a lot of internet communities, and I have seen it all when it comes to the maturation of an internet community (much like the maturation process of an human being). <br /><br />Undoubtedly there have been many more comments here lately, and to be honest I have not read every single one (even missing entire threads doing a quick search for my name to see if someone addressed me that I missed). However, I don't necessarily think the influx in comments and the extra-curricular (if precious metals is your focus) banter is a necessarily all that bad. <br /><br />I believe that this blog community has awakened to a consciousness concerning the fall of the great keynesian empire. This reality is not in 5 to 10 years, but in the next 2 years as the world-wide financial system is at the point of systemic chaos (especially the Federal Reserve Note and the Euro).<br /><br />This understanding is not one easy to deal with, and there are all sorts of personalities that have gathered on this blog. Some here are not as technical with forex xag/usd trading, but have other insight that is of value for others. The fact is, these are unprecedented times and as much spam occurs on this blogspot, there are gems within the spam. <br /><br />I always try to write with the understanding that there are a lot of other people reading the comment section, thus trying to provide things that may be helpful to a wider audience. However, not everyone is the same and I do not think it is fair to discriminate if the person is well intentioned. <br /><br />If you don't find value from someone's post, please don't take the time to add negative energy to the atmosphere. There will be things that frustrate you on this board, but such is life. <br /><br />Blah my first post was better...<br /><br />No edit button + deletions of posts = primative blogspot. This community needs an upgrade, and will struggle until it gets it. However, the content exists, but not in the same way it did.<br /><br />In closing,<br />If you can help it, don't add negative energy towards people especially when it is unwarranted. There are a lot of fragile people and emotions amongst us, we must be sensitive to each one. It is not an easy task, and people will always complain.<br /><br />By now, haven't we learned how to tune out noise if you have gotten this far? <br />-<br />ScottScottj88https://www.blogger.com/profile/11121745511581903544noreply@blogger.comtag:blogger.com,1999:blog-3034901630224544639.post-67390523080215413402011-04-18T01:47:50.614-04:002011-04-18T01:47:50.614-04:00hey everyone. agree with some of the comments on r...hey everyone. agree with some of the comments on relevant discussion. it's completely non-personal but imo it's now quite a big issue with over 400 posts on some threads.<br /><br />now here comes my own off-topic post! :)<br /><br />i imagine this has already been considered, but it'd be nice see an option on the new site for users to show their location and also age, if they wish. not that it's particularly important, but it'd be nice to get everyone's perspectives in as fuller context as possible.<br /><br />silver wise, $44.70 was my guess, i can see any dip coming over the next 2 days and another strong end to the week. the real question is miners, i'm sitting on an explorer where i want to see some action, but the sector as a whole lacks momentum and is patchy. also have a basic ETF position open and up considerably. want to see $45 before closing it and going in 2x for the next round. will probably avoid any miners for short-term positions if we fail to see much movement with silver over $44.Matthttps://www.blogger.com/profile/06805565905901195504noreply@blogger.com