ProShares Ultra Silver (AGQ)

[Montanore]

I'm really surprised by the split--at this level it seems a bit drastic.

[xero90]

wow (1-for 4 reverse split)

I wonder if they think this is going below 5 this year.

[Montanore]

Another RS coming?

http://finance.yahoo.com/news/proshares-announces-etf-share-splits-210000797.html

[golf4uto]

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

[golf4uto]

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

[golf4uto]

agreed, all of them at once... just got the fill 29 minutes. gl, talk soon.

[xero90]

definitely, looks like the bashers came out of no where; that's a good sign in my book

[golf4uto]

fun stuff!! let's rock!

[Pro-Life]

AGQ seems to have found rock bottom.

[xero90]

Thinking gold needs to bust ~1260

[zsvq1p]

Ok picked up a few shares.. Lets see it bust though.

[xero90]

Getting real close to that top line (desc triangle)

[xero90]

bitcoin

[Montanore]

Well, we had a nice pop this morning. Maybe the banksters' arms are getting tired from holding down that beach ball...

[xero90]

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.

[Montanore]

"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...

[Montanore]

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.

[Bard471]

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.

[eddyimano]

Don't go long. Stay out or short. Wait till end of January.

[xero90]

what do you think next week holds: I'm thinking bad for longs, but anything can happen.

[eddyimano]

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.

[xero90]

come on 19+

[Mister Dude]

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.

[xero90]

this is feeling like bottom to me... period

[xero90]

when 25 hits for AGQ, BOOM!!!!!!!!!!!

[ASimEE]

Why is AGQ down this morning with physical silver up? Something to do with options expiration tomorrow?

[xero90]

can she break that line? I think so

[cashforstock]

nice day been buying lately

[QaB2i]

$$$$ Bank - thanks Ben Bernanke

[xero90]

bounced from 50 sma, hmmmm

[cashforstock]

Agree 100% silver is the way to go... got in at the lows about nine weeks ago

[Captainandy]

59.33 $Gold:$Silver

16.00......Target:

[TaxiCaT]

Nice action here - today looks to be another great day!

[Captainandy]

$Gold:$Silver ratio at 1:67....:-}

Best time to buy in the last 6 years .

[Captainandy]

Hey Crusader...Peter Schiff has the word...:-}

[MoneyBags77]

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

[eddyimano]

Can you show me the 600 years chart, and what is the bottom according to that?

[MoneyBags77]

Are you saying its oversold on the 600 yr chart, cause that is an understatement

[eddyimano]

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.

[fade]

this is silver, what price targets there

[eddyimano]

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.

[zsvq1p]

Ed.. saw your post, looked at it.. popped it.. and won.. lol.. thanks

[eddyimano]

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.

[xero90]

buy now

[fade]

well ZSL is over 100 today on this slaughter of all markets

[xero90]

chart is showing double top on ZSL, hmmmm

[xero90]

If ZSL gets to 100 or so, buy this no matter what. EOM

[Crusader]

Jobs number hurt silver,

Why?

[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.