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I think this bid in Gold will last all week, especially, if China eases Sunday. The week could be a wasteland of bad news all topped off by Bernanke at the end of the week who will start talking QE if things are as ugly as I think they are.
The FED has been buying 60% of the bonds - thats why they dont want you knowing who has been buying them.
I read that it was at the top of some cycle and was set up for a prolonged decline.
Option call activity picked up at 30 31 32 today for next week
30.00 vol 225 OI 51,170 Highest open interest in whole chain
31.00 vol 125 OI 24,511
32.00 vol 100 OI 23,574
Tellem I sent you. he and I have bought and sold with each other over the last 1 1/12 years. He is always fair
My 29 calls aint gettin jiggy yet but I have until the 21st
Also, JT - talk with Stinky_pinky about numies. He is quite knowledgable and may even sell you some things.
lol - cant convince the over arrogant
I would ask Silver Eagle on the PMIC board for some guidance on buying Silver Eagles. Or, I would get a 2013 Red Book and start studying Morgan Silver Dollars. Those are the two coins I would point you torwards owning.
WHOOOOO HOOOOO YES
Go big or go home with 243 contracts
Just loaded July 21 '12 29.00 calls - Im crazy I know
I dont think they are done yet
Gold gettin perky - just broke out of a pennant formation on a one minute chart.. ahhhhh it broke down. My puts are going to be in the money in the morning. I gotta go.
ROFLMAO - people dont believe it! You tell them Jesus said that only gold and silver were the only real money and for thousand of years its been regarded as real money they stand there and stare at you like a moron.
In case you havent checked, commodities arent dead. Corn and wheat among many other things are skyrocketing in the face of cheaper oil too. So again, you are maybe half right.
I dont drink kool aid either. Again, it doesnt matter what price paper Silver is at. Physical prices are about 40 an oz. Go shop around and see for yourself. You arent going to find any cheap Silver and if you do you should buy it because its people like you that hold the dollar in more regard than real money and will need it the most when the SHTF
Your about half right about that. Numismatics go for many times spot. If you have the foresight to buy them some fetch steep returns. I can attest, I have many. I know people here on ihub who do too. Maybe you should do more DD before you say the sky is falling for silver in general.
I started adding to my free inherited physical hoard at 17. Im still deep in the money. Physical prices are actually priced higher than paper silver. Wonder how that could be?? Your on the wrong side of the bet long term. Granted its wise to protect yourself when trading in these key areas of the chart. Yes, there could be a break down or up here but even if paper silver goes down my physical will retain its buying power
Ive got a roll of 94's - Yes I really like those calls 6-7 months out. If my puts come in I will buy more calls. I may even buy some leaps
The only problem with paper Silver being 17 is that there isnt enough physical around to meet demand at that price. People like Sprott and many others will take it all off the market.
Its still only a proposed rule but I see no reason they wont implement it.
My puts are going to be in the money soon. I figured its easy money to bet against silver and gold until Fall or some incident that changes the rules. I also have some December and January calls that I think might strike at 44 and 55
Its got me spooked - I dont like it
I HOPE SO!!!!!!
Its about time it rallied off that pennant!!!
I could care less if my puts go kaput!!!
I think you may be overly bullish. Just from looking at the chart, I would say its plausible that we test the lower bollie. Every "pop", as you put it, gets met with selling. I hate to say this but the shorts are still in charge until shorting doesnt work anymore and that may be some time from now. On a bullish note, the 1:1 Asian exchange will be live soon. That may be the "silver bullet" for the longs.
Libertads come in 1 kilo, 5 oz, 2 oz, 1 oz, and then 1/2, 1/4, 1/10th and 1/20th sized coins. The proofs are limited minting high definition coins. Many times they are cameo or ultra cameo.
http://en.wikipedia.org/wiki/Libertad_(coin)
I loaded july 13 '12 22.50 puts just in case the SHTF to the downside. We are ripe for a Summer smack-down IMO
I hope you do better than me - Im just taking precaution
I was lucky enough to get turned on to them by Stinky_pinky a couple years ago and was able to collect several rolls at decent prices. They are also beautiful coins which adds to their appeal. Personally, Im waiting for the fractional proofs to hit the market so I can collect some 2012 mintages.
Buy Mexican Libertads - Mexico is close to enacting legislation that would make them currency. They are very collectable too.
eddy - I dont have a full subscription so I cant answer your PM directly. I cant see spending money to use ihub when their servers are down all the time or pages wont load. Anyway, to answer your question about miners that might have good news they arent releasing, I think SLW might be one of them since they report August 9th. Other than that, Ive looked at EXK and Im looking for more silver etf with options.
What do you see other plays in?? I mean options that are this cheap
Corn and Wheat up big
There are some very cheap call options in SLW that I think should do well over the next 6-7 months. I bought DEC 22 2012 44 calls for .25 and Jan 19 2013 55 calls for .15 because they were so cheap and duration. Im interested in hearing other peoples options plays with SLW too
I know where you can get 88 grams of 925 for a little over 75 bucks w/shippingg it will probably get snagged up before I click the mouse. Anyway, Ive been buying cheap silverware.
The PPO on the weekly chart is looking really healthy for a big move here. Looks like whole parts of the market are about to get catapulted up!
Maybe I remember it worse than it was but I still dont like it
Here, you can see it in person
It was the way he said it. He was very crude about a well respected man.
pre-market 23.10
He said Buffett ought to shut the hell up about taxes or pay up. He just a fat slob with a big mouth.
Christie is going to be on squawk box next. I dont like him solely because he is a fat, secondly, because of what he said about Warren Buffett.