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crazy price action for sure. PM with email if you care to. good luck.
I'm really surprised by the split--at this level it seems a bit drastic.
wow (1-for 4 reverse split)
I wonder if they think this is going below 5 this year.
sequester, Obama care, home sales, loss of unemployment benefits etc... if deflation comes in the picture, does this break to new lows? I like the levels here but if it breaks 15 where can it go. And if that happens on a topping equity market, where do all assets head and where is the place to weather the storm?
would love a perspective because I do think a correction in equities is near.
gl, thx, golf
mms fumbling to find shares to offer, etrade was slow yesterday. i am in heavy and find it funny i cant keep a message on the thread for more than 30 min prior to deletion for off-topic, lol.
timing is right, look out above. thx
agreed, all of them at once... just got the fill 29 minutes. gl, talk soon.
definitely, looks like the bashers came out of no where; that's a good sign in my book
Ok picked up a few shares.. Lets see it bust though.
Well, we had a nice pop this morning. Maybe the banksters' arms are getting tired from holding down that beach ball...
double bottom... I'm wondering how January is going to play out; maybe they cannot do it and force the beach ball down anymore, let's see.
"One thing is Bitcoin need to drop. I think Bitcoin is the reason precious metals are not going up."
Eddy--this is a good point you raise. Gold and silver have been rigged via massive shorting both through derivative instruments and on the exchanges. There is no way for the banksters to short Bitcoin. People are desperate to find an alternative to the Fed debt dollar, but gold and silver have been suppressed to keep people enslaved in the buck. Hence the popularity of Bitcoin. I suspect TPTB will start smearing it as a 'rogue' currency and, in fact, I've already heard stories on the MSM that attack it as being something used by drug runners and 'terrorists.' The real terrorists are the private banks that run the Fed...so it's a bit ironic for them to say that. HSBC just got busted for money laundering, but they got only a slap on the wrist. Just like Wachovia which then got absorbed by Wells Fargo.
BTW, I could not return your PMs because I let my subscription lapse. I may renew sometime during the new year, though...
Good post--right on the money. I have been waiting for a long time to get back on the AGQ horse...if silver can confirm the double bottom, maybe that time will be soon.
Silver needs to separate from gold to gain. Gold has little industrial use and its value is largely symbolic as an alternative to devalued currency. Silver like gold is considered a precious metal and is also used as such for jewelry and coins but has far greater use in industry. Silver is a key component of solar panels and silver dioxide is now used to coat windows to prevent heat loss. Most silver mined is consumed by industrial use. Gold supplies will continue to grow while silver, with alternative energy demand growing and an economic recovery underway, is a depleting and more useful precious resource.
In watching trading patterns and metal prices, silver usually follows gold, but there are more and more signs of a separation which will allow the price of silver to take off while the price of gold continues to stagnate. Price manipulation also keeps silver down but enough people are clever enough to accumulate record amounts of physical silver which will make it more difficult to keep the price down.
Most economic pundits product continued declines in gold prices but say less about silver prices which many believe has bottomed. 2014 should be a great year for silver and for AGQ.
Don't go long. Stay out or short. Wait till end of January.
what do you think next week holds: I'm thinking bad for longs, but anything can happen.
For sure next 6 years will be awesome, 2014-2020 according to my study. Remember end of January! I have been telling you that. Gold will test $1178 if not it will go down as low as $1000. If that happens, buy everything you can. The time is almost there. One thing is Bitcoin need to drop. I think Bitcoin is the reason precious metals are not going up.
It's certainly smelling like a bottom....lol
Goldman and the banker gang want the metals to themselves. They're trying and suceeding in taking them down. Won't last forever though. I went in for a few calls here.
this is feeling like bottom to me... period
Why is AGQ down this morning with physical silver up? Something to do with options expiration tomorrow?
nice day been buying lately
Agree 100% silver is the way to go... got in at the lows about nine weeks ago
Nice action here - today looks to be another great day!
Hey Crusader...Peter Schiff has the word...:-}
Check out xero90"s 2nd to last post on the uslv board
Sry cant link in ihub app
Btw uslv is 3 X slv moves for you playas out there
Can you show me the 600 years chart, and what is the bottom according to that?
Are you saying its oversold on the 600 yr chart, cause that is an understatement
Just looking at gold should reflect silver almost same way. Silver go with gold most of time. Miners movement and precious metal movement should be some different. I could be wrong. Only thing I know for sure is metals are way oversold long term.
this is silver, what price targets there
Now keep in this mind...
Action to Take --> Entering gold now with stops at $1,170 makes both fundamental and technical sense. I expect to see gold back above $1,400 prior to another substantial down wave.
Ed.. saw your post, looked at it.. popped it.. and won.. lol.. thanks
Be ready to speculate in the precious metals markets with your risk capital. More money could be made in the precious metals markets in the next few years than in the last 11 years.
well ZSL is over 100 today on this slaughter of all markets
chart is showing double top on ZSL, hmmmm
If ZSL gets to 100 or so, buy this no matter what. EOM
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(notice: Nov, 4th 2010 went above the resistance line - close at 118.49) (F/S price 59.25)
ProShares Ultra Silver (the Fund) seeks to provide daily investment results that correspond to twice (200%) the daily performance as measured by the United States dollar fixing price for delivery in London. The Fund will not directly or physically hold the underlying silver, but instead will seek exposure to silver through the use of financial instruments, whose value is based on the underlying price of silver to pursue their investment objective. The benchmark price of silver will be the United States dollar price of silver bullion as measured by the London fixing price per troy ounce of unallocated silver bullion for delivery in London through a member of the London Bullion Market Association (LBMA) authorized to effect such delivery. The Fund's investment advisor is ProShare Advisors LLC.
FACT SHEET:
http://www.proshares.com/media/documents/ProSharesFactSheetAGQ.pdf
Daily Holdings:
http://www.proshares.com/funds/agq_daily_holdings.html
How AGQ works!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60137288
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