ProShares Ultra Short Silver (ZSL)

[xero90]

go for it!

[xero90]

flagpole formation occurring, get ready to really short ZSL, IMHO

spot projection to 28.5

[xero90]

you go it... you get the slippage effect + the long effect 2X

[xero90]

no man, I was shorting ZSLLLLLLL!

[clownsj]

How's that shorting silver going for you lately?

[xero90]

hold short... and/or build up zsl

[xero90]

lookin bad here -- go short zsl

[xero90]

clown... I didn't reply at the time but thank you for confirming what I already knew (good to always have some one to tell you not to get greedy) ... EOM

[clownsj]

Time to take your profits and RUN! Silver has bottomed.

[xero90]

114 looks toppy... let's see -- man

[xero90]

I'm watching!

[Crusader]

Target 100 within reach!

Monday will say it all.

[Crusader]

Down the road, yes,

Buy not now. Shooting for a pop up.

[xero90]

85 or should I dare say 100 tgt

[jaybird5]

How does zsl look this week

[xero90]

80 hmmmmmm

[xero90]

re timing: maybe, but this could bust 100 +/- 10% still... so don't feel too bad, but that is when you must get out too 'if that happens' EOM

[Crusader]

Good timing, I was a trading day early,

but to make up for it, today I went long AGQ.

This is getting scary with 50% retracements in gold and around 62% in silver.

[xero90]

I'm out of ZSL, EOM

[Crusader]

Silver Globex crashing Sunday night, interesting!

...." one week out" ....of what each year?

[clownsj]

Happens one week out of most years.

[Crusader]

Now it gets interesting! (eom)

[Crusader]

That said, covered leveraged short ZSL

as hedge funds start buying cheap assets like silver while equities retrace over bought.

Short oil instead for last three days! SCO

Watch the Fed.

Anyone hear the SF Fed board member: tapering QE bond purchases late 2013?

Asymmetric trades while Korea looks ugly.

[Crusader]

Easily in a cyclical bear market basis CRB,

and it is going that direction in metals, grains, oil and softs.

[xero90]

Can she pull 75?

[Crusader]

Great ride here!

Looks like a CRB bear market.

[Crusader]

Can't post on the SLV board,

Just do not have the heart to say: I told you so.

[xero90]

thinking 200 sma is it... unless today around 9am it does the same thing as yesterday, but I doubt it.

[xero90]

somewhere around 60ish

[Crusader]

Great profits here so far...

Bottom next week?

[hinchback]

I dont know but SILVER bottom $26

[xero90]

where do you think ZSL will top at... 60ish -- could fill some gaps up there

[hinchback]

try DSLV 3x short

[xero90]

ZSL is going up IMHO

[xero90]

yep it was smart

[xero90]

Anyone loading up here.... seems right

[Pro-Life]

See the chart in this post:

Undefined enthusiasm is a liberal way of scoffing or laughing while trying to sound educated... the charts do NOT lie... be careful out there...the world of trading can be excruciatingly painful in its' lessons.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56454632

[Crusader]

Plummet in Silver or in SLV?

Lol...the silver chart is very over bought in price and other indicators.

Could it go up? Sure! But it is more likely to go down to re-test $29, believe it or not.

Long term, QEternity will cause inflation, but it will take time. Until then, ZSL will have a few more runs UP.

Good luck with your undefined enthusiasm.

[Pro-Life]

The real plummet is about to begin in earnest.

[Crusader]

Next week will tell the tale,

because Silver's chart has reached a possible roll over point in price, with both the trend indicator and momentum showing weakness. I bought some ZSL in anticipation and will buy more on any weakness.
Silver may retest $29. The outside markets wil tell us the tale after any such retest.

Fiscal cliff and all that rubbish...

[Crusader]

Yup, then what?

Might go long term long unless world economy is crashing.

[xero90]

now 29 sounds about right...EOM

[Crusader]

Silver at 31.80 level this morning,

Looking for a bottom at $29?

[Crusader]

Futures down over1%,

Just another day tomorrow-Monday. Hold short and watching.

[Crusader]

Today it started: Who knows why?

Now the chart unfolds and down is down until it ain't.

Silver will rally down the road, QE3 has insured that short of a depression.
But it will take a few months even at 40 billion dollars per month.

But 2013 looks like a good economy will arise in North America, IMHO.

[Crusader]

Approaching big drop in silver's price,

...According to my charting. Target $28 in next 30 days.

[Pro-Life]

Yep, no telling where the bottom is... Link back for chart... Years after my post, the price has plumbed a new all-time low!!! To me, this is proof the silver bull is no where close to the end!!!

[Crusader]

Nice to pass last trading day

on silver futures options. They closed it right at $33.995 to leave all those $34 calls worthless.

Now tomorrow we will see which direction "they" want to take the silver market for the next few weeks.
So far in the evening session of futures trading it looks weak with a penny or two bounce from all the selling of the last week.

Will be watching closely all night and on the opening bell tomorrow morning.

Good luck to all shorts!

[Crusader]

From Bloomberg 9-24-12:

"...Silver “runs very hard and fast and it usually goes too far in whatever direction it’s going,” said Nick Trevethan, senior commodities strategist at Australia & New Zealand Banking Group Ltd., who predicts record ETP holdings. “Silver will track gold, but for people to get really excited about silver, we’ll need to see strong industrial demand as well.”

Gold and platinum holdings in ETPs are both at the highest ever after the U.S. Federal Reserve announced on Sept. 13 a third round of debt-buying to bolster the economy, increasing concern the dollar may weaken while inflation accelerates. The infusions of liquidity by central banks have boosted investor interest in so-called hard assets such as bullion, according to Deutsche Bank AG’s asset and wealth-management unit.

“Gold is the world’s supreme hard asset and you would buy gold in order to protect yourself from risk,” said James Steel, chief commodity analyst at HSBC Securities (USA) Inc. “Silver tends to track gold, except it overperforms in a bull market and underperforms in a bear market because it’s a much thinner market and has a big industrial component.”

Quarterly Rally
Silver futures gained as much as 0.7 percent to $34.225 an ounce on the Comex, and traded at $34.08 at 1:01 p.m. in Singapore. The metal is the second-best performer this quarter on the Standard & Poor’s GSCI Spot Index of 24 raw materials, lagging behind Kansas wheat.
The European Central Bank said this month it planned to buy debt of member states to fight the region’s crisis, while the Bank of Japan added 10 trillion yen ($128 billion) to a fund that buys assets. China has approved extra infrastructure spending, while injecting funds into the financial system. The Dollar Index (DXY) has lost 2.6 percent since June 30, set for the biggest quarterly loss since the first three months of 2011.
Silver holdings in ETPs have expanded 7.1 percent this year, lagging increases in gold, platinum and palladium, according to data tracked by Bloomberg. ETPs trade like shares and enable investors make bets without taking physical delivery of assets.

Labor Disputes
Holdings of platinum and palladium ETPs have risen 17 percent in 2012, with increases also spurred by labor disputes in South Africa that disrupted supplies. Gold holdings in ETPs have gained 8.1 percent this year.
Hedge funds and other speculators tripled wagers on rising silver prices in the six weeks through Sept. 18, U.S. Commodity Futures Trading Commission data show. They now hold a net 30,986 U.S. futures and options, the most since February. The U.S. Mint’s sales of American Eagle silver coins have climbed to 3.125 million ounces this month, according to the Mint’s website, compared with 2.87 million ounces for all of August.

Industrial demand from solar panels to batteries accounts for about 53 percent of global silver consumption, according to the Washington-based Silver Institute. Imports by China, the world’s second-largest user and third-biggest producer, fell about 24 percent in the first eight months of this year compared with a year ago as economic growth slowed, customs data show.

China’s central bank last cut interest rates in July, after lowering lenders’ reserve requirement ratio three times from November to May. Gross domestic product expanded 7.6 percent in the second quarter, the smallest gain in three years.

“The policy paralysis in China probably means we’re not going to see a pickup in industrial activity until Q1, maybe Q2, and investors are probably trying to front run that,” Trevethan said from Singapore. “There’s plenty of scope for silver ETPs to continue to rally.”

http://www.bloomberg.com/news/2012-09-25/silver-in-etps-poised-for-record-as-central-banks-ignite-demand.html

[Crusader]

CRB looks toppy, will grains, metals & oil

take it down? We should find out this week.

So far those three components are heading down. Commodities are essentially based on supply and demand with a currency overlay on each nation's commodity prices. The currency incorporates the unique factors like QE3. In the USA, the USD has been bouncing for several days as grains, metals and oil drift down. Hence the CRB chart: