ProShares Ultra Silver (AGQ)

[Crusader]

Still holding on retrace.....

Hope it holds at double bottom.

[Crusader]

Back into AGQ for couple hundred shares,

Silver looks to have a double bottom in place for now.

[infome]

what happen to GOLD/SILVER ( ZSL on the move heh )

[Crusader]

I think so,

But I'm a fabulous contra indicator.

[jaybird5]

Anyone think.agq will take off soon anyone!?

[xero90]

FYI - Gold/silver ratio GSR is toppy it seems. 50 SMA just seems to want to go down... good for silver.

[xero90]

I would be here, but uslv is better JMHO

[Crusader]

Makes sense, options expiry reversal in progress. Eom

[SilverSurfer]

Buy Confirmed,,,, fwiw

http://www.americanbulls.com/StockPage.asp?CompanyTicker=AGQ&MarketTicker=AMEX&Typ=S

[Crusader]

Rally time....eom

[Crusader]

Here we go again! Eom

[Montanore]

You are right...it's hard to buy when the price can be driven down further by criminals with a printing press. (Paper debt dollars as well as paper silver and gold).

[clownsj]

In Bruge Belgium.

[clownsj]

If you go to Europe take a bunch of (free) ketchup packets with you. Nothing is free in Europe (unless it's paid for by other people).

[Crusader]

Sold AGQ today,

Open interest has not changed in last thee days like it normally would.

So there many longs were trapped by last Sunday night's collapse of SLV prices. Hence, they are not buying calls in size as they would after a regular climatic bottom.

Going sideways the last few days is not bullish, IMHO.

[Crusader]

Maybe that's ketchup in Greece,

Or in Cyprus for one Euro. Lol

More likely in Berlin.

[xero90]

wow, that's a 1.30 each!

[Crusader]

U of Penn business school and fast food,

Now there is a match made in heaven. USA big business used to concern heavy industry with legions of well paid union employees who could afford homes. Now MBAs study drive-thru packets dispensed by minimum wage employees for customers who can hardly afford the gas to drive for a $8 dollar Big Mac meal. You are right, the second packet will cost extra.

Same meal could cost one 90% silver dime soon, just like the 1950's.

AGQ has to spike up today!!!

[clownsj]

Welcome to Europe, where ketchup packets go for a euro each.

[xero90]

What's crazy is no one seems to notice any inflation. I'm still wondering when McD's and others are going to start selling there now new Heinz ketchup packets plus, to boot, an eight to nine dollar burger per person. A family of four will be an easy $50+ just for crap-fast food.


ref: http://knowledgetoday.wharton.upenn.edu/2011/09/putting-the-squeeze-on-consumer-choice/

[Crusader]

Same today, bouncing along a bottom?

Tomorrow will tell us more, a bottom or a trap door to Hell?

[Crusader]

Bouncing around a bottom this morning,

after silver opening up about .40 or so. Once the market convinces itself the panic is over in gold, I expect a 50% bounce in gold and silver.... Or a 38% minumim recovery of the Friday/Monday losses.

After that, we should see where this metal market is going longer term.

[Crusader]

AGQ: down over 24% today....

Three more days of this in absolute dollars, and silver will be worthless. Something to think about.

Perspective is our greatest asset, some say. I agree!

Looking for a bounce soon....a big one. And that is regardless of the trend direction.

[Crusader]

Trade: sounds like a good longer term plan...

We must be getting close to a bear market rally, however. They can be vicious and make good exit points for longs with a low basis and profits to protect. Tonight and tomorrow will be interesting- if that's the right word.

[trade2much]

Crusader- I bought AGQ today in a few lots to average down my core a lot. I originally held 1/5 of what I now have, but is the bottom in? I think we have some more downside tomorrow, butttt imho * it maybe a spike and by close a return to near the close of today if not this week back into the mid-to high 20s.

Oviously a total SWAG. My theory is I think it will be difficult for us to have had serious devaluation of the USD like we have had over the past 6-8 years and have the underlying metals, which are a store of value, fall too much more with out a bounce.

I am in the 20% mode now, every 20% drop I plan to add more until it levels off. I am thinking that the mid teens are a very, very solid basis for the metal regardless of everything else. That base would be assuming NOOOOO devaluation for numerous years prior to Obama of the USD and we know that is simply untrue.

We shall see how it does.

BOL

T2M

[Crusader]

Bought more AGQ just now...

To double my position in AGQ.

Now to wait in fear and trembling....while taking a walk in the sunshine.

[Crusader]

I am into AGQ today after Life Cross

in copper prices which have bottomed and gone sideways to up.

Good luck to all knife catchers!

[zsvq1p]

Death cross....

[xero90]

looks like spot going to break 35 this time EOM

[xero90]

AGQ chart 2013

[weemac]

Hitting its head on sma50. Buying 20 june 36 Puts

[lifter]

i was up a mortgage payment had to take profits will look for re entry

[Pro-Life]

Look at this list of 11 Silver Flashpoints:

[Pro-Life]

MacD hasn't even gone positive yet... look at this:

Another tremendously strong reason to go into silver...

[lifter]

i sold today couldnt leave profits.

[SilverSurfer]

silver looks good to 33

[lifter]

glad i waited up a bunch more now

[lifter]

ehh up 465 now just going to let it roll will check back at lunch

[lifter]

i am up a several hundred dollars in this now, guess i will take profits

[drluck]

Goldman Forecasts Gold Rally Amid Debt-Ceiling Confrontation

http://www.bloomberg.com/news/2013-01-21/goldman-forecasts-gold-rally-amid-debt-ceiling-confrontation.html

Gold may climb over the next three months as U.S. lawmakers attempt to tackle the country’s debt ceiling and the world’s largest economy slows, Goldman Sachs Group Inc. said, advising investors to place bets on advances.

“We see current prices as a good entry point to re- establish fresh longs,” analysts Damien Courvalin and Alec Phillips wrote in a Jan. 18 report. The bank reiterated a three- month target of $1,825 an ounce, as well as a forecast for prices to weaken in the second half as the U.S. economy rebounds.

Gold fell 5.5 percent last quarter, the worst performance since 2008, on expectations for a recovery and potential end to central bank stimulus in the U.S. An advance to $1,825 would be consistent with rallies into debt-ceiling decisions, the analysts wrote. Since 1960, Congress has raised or revised the debt limit 79 times, according to the Treasury Department.

“The uncertainty associated with these issues, combined with our economists’ forecast for weak U.S. GDP growth in the first half of 2013 following the negative impact of higher taxes will push gold” to the three-month target, they wrote.

Gold, which rallied for a 12th year in 2012, traded at $1,688.50 an ounce on the Comex at 5:40 p.m. in Singapore. Holdings in exchange-traded products reached a record last month, data compiled by Bloomberg show. Most-active prices last traded above $1,825 an ounce in September 2011.

Borrowing Limit

The Treasury has said the U.S. will exceed its $16.4 trillion borrowing authority sometime from mid-February to early March. Financing for government agencies is set to lapse March 27, and lawmakers must pass new spending or cause a shutdown. Also in March, Congress will confront the $110 billion in automatic spending cuts, half from defense, that were postponed in a Jan. 1 tax deal.

Goldman restated its outlook for lower prices in the second half of this year, a call echoed by Credit Suisse Group AG and Allan Hochreiter(Pty) Ltd., as the U.S. recovers. As growth improves, prices will likely decline even with continued central bank and exchange-traded fund demand, Goldman said.

Gold’s bull market is over, Allan Hochreiter Chief Executive Officer Rene Hochreiter, the top forecaster in the London Bullion Market Association’s 2012 poll, said this month. The metal’s appeal is set to diminish as so-called fear trades fade, according to Credit Suisse’s Tom Kendall, head of precious-metals research and the most accurate precious-metals forecaster in the past eight quarters tracked by Bloomberg.

[drluck]

USLV EASY 100% OF PROFITS IN FEW WEEKS !!!!!!

[lifter]

yeah i got some shares of this already my own lack of dd and seeing big daily swings lured me in

[SilverSurfer]

alert !

Party over on the DSLV board....

DON'T BUY

[drluck]

Wait and buy Dec 26 . Put your orden 10% down and buy USLV no this . Good Luck

[lifter]

is it safe to get some shares down here?

[lifter]

its coming to your 45.50

i screwed up on this one

[lifter]

oopps plan was to get out at 49 and buy some pay yesterday but i was off quite a bit

[lifter]

yes

[SilverSurfer]

200 day support needs to hold right here or it will get ugly

[lifter]

bought 1500 shares between 48.16- 48.5 couldnt help think it touches 50 before heading down