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SCrew it - its headed higher IMO
Buying 200 more
You think its time to take profits here??
We could trade up to 24.50. Slow stoch bottoming. RSI lookin good
I asked my father if we had any Silver around the house besides his coins. He told me that my great aunt left him a 12 place serving set with all the other pieces like serving spoons and the like and was very heavy. It was worth a pretty penny. Unfortunately, he gave it away to my sister in law as he saw my intentions to melt it down. I guess its worth saving as a family heirloom but if worse comes to worse she will melt it too. It was a devious way of moving money around IMO. He knew what it was worth and knew he could give away 20-25 thousand to my brother and wife without anyone the wiser.
Yes - some people even sell below spot!!
Tiffany Sterling goes for big bucks
JT - I have a suggestion for you. Look at ebay to pick up sterling silverware - especially spoons.
http://www.ebay.com/sch/i.html?_nkw=sterling+silver+spoons+gram&_sacat=0&_odkw=sterling+silver+spoons+gram&_osacat=0
I just picked up another sterling spoon that is 33.5 grams for 22.99 If you are diligent you will find many deals. Currently, the going rate for sterling spoons is 1.00 buck a gram. Anything you can get that is lower than that is a steal. I will be sending my collection of silverware off to Midwest Refiners when I want to redeem them.
http://www.midwestrefineries.com/silver.htm
Hope this helps you gather more silver on the cheap
Im in for 100 @ 20.63
I might join you here today FWIW
Trading Alert
UAMY was recently uplisted to the NYSE. Today its being added to the Russell 2000. Its up 7.5% now. Ive yet to see the size of volume that would indicate that the index buyers are all in. EOD could be explosive!!
This is easy money for the pickin
TRADING HEADS UP
UAMY recently listed on the NYSE. They have been included in the Russell 2000 and today is the last day for reconstitution. UAMY is up 7.25% currently. Looks like shorts are playing the index buyers as fools and selling into the buying. Ive yet to see large orders go through. EOD could be explosive!!
This is easy money IMO
Turn off the computer and come back Tuesday?? - lol
Keep a tight stop is all I suggest - I got shook out
If that is a persons views then there is no reason to be in markets under any circumstances.
Yes - Ive been over there. Golden Cross
P&F Chart just went bearish on huge volume with an objective of 13.00
I wouldnt get long yet IMO
smoke and mirrors?? You mean there are no underpinning fundamentals?? You dont know what you are talking about.
The more you look at the market the less it makes sense currently. Who would think that Europe is unravelling and Gold and Silver lie limp
From what I understand there were other offers for the LME and since the Asian offer was the highest it was accepted. I think the Asians are going to take the market any way they have to. Whether its paying top dollar or creating a physical exchange. The Asians are changing how exchanges operate and there will be kicking and screaming but overall I think they intend on killing the over leveraged Western World and taking over
Dont waste your time and effort. Ive moved on.
After reading this, I would also like to say, the differences in "lending" practices you are discussing seems to me the difference between having a cash account vs. a margin account. If more people are cash wouldnt that mean the price would go up? Couldnt the difference in prices be an attribute of the balances between cash and credit??
I only have cash accounts so I dont stretch my mind ploying to take over the world. If at some point I could margin some Silver to buy stock and hold it in a cash account I might consider lending.
I really dont like lending
BTW - there are already physical exchanges. Unfortunately, they move in relation to Comex prices. Here is one for example:
http://www.bulliondirect.com
ebay could be considered to be the primary physical market now since prices are allowed to be bid up beyond spot prices IMO
I dont know the full implications of a 1:1 exchange. It will, however, be the place where physical silver moves to as a place where true price discovery will occur. I presume this because under our current system one could try to buy a Comex contract and get it filled but since there is so much dilution currently nobody wants to commit to holding a paper contract and hope they got a good price in the future. Now when it comes to futures prices I may not fully understand but when it comes to a Comex contract I do think what is missing is this 1:1 exclusivity. We all know that Silver trades in the 100's multiples of Comex contracts without any true stewardship. Who wants to trade in a market where you know you are getting screwed and dont own the underlying asset??
The 1:1 seems like the true path out of this mess. Own what you buy.
I read the PMIC board. I dont need those people. If they havent noticed since my departure, volume on the board and participation has dropped way off. I stimulated that board and if you think Im rude I dont care. Ive never cared what people think of me and I care less what those few people have to say. They can sit and spin on it.
BTW - there is a difference between "rude" and intimidated. A lot of people are intimidated by my persona. Its their weakness not mine.
1:1 Physical Silver Exchange
http://politicalmetals.com/
1:1 Silver exchange by Mid Summer
http://politicalmetals.com/
Remember when I sold you that 10 oz A Mark bar and bought Antimony with the proceeds?? That is when I first started getting interested in the metal as an investment. It usually goes up in price every year by a large margin since the Chinese have control over the metal and wont export. UAMY is running at "sold out" capacity and is primarily the leading refiner here in the states. If the DOD where to start sourcing through UAMY that would really send this stock shooting up. From what Ive been able to gather, the DOD gets their Antimony from the Chinese still but I only learned this info through selective reading so I may have missed some details.
Anyway, I think its a good play next week. Ive already taken a position and am a little underwater but not enough to be alarmed.
These russell 2000 June plays come around each year. You can short the stocks being kicked out or buy the stocks being put in the index. Being a miner I thought it made sense to bring to peoples attention
The Russell 2000 is an index of about 2000 of the countries small cap companies. Every June they kick out the old shit and buy up the new. UAMY is being added to the index. It could really take off over the next few trading days
HKmex gets ok to buy LME. Next we see the emergence of a physical 1:1 exchange out of Asia.
UAMY about to go into the Russell 2000. Last day of reconstitution is June 22nd.
Russell rebalance includes UAMY, Last day to buy is June 22.
Antimony prices should contiue their large gains IMO. Without Chinese supply leaves UAMY in the sweet spot. Plus you get the Gold and Silver by-products with UAMY.
If you are looking for a bright spot in commodities its definately Antimony. I have physical antimony bars that have appreciated greatly since I bought them. I just dont see how one can go wrong getting long this stock
UAMY just uplisted to the NYSE. They are a fully integrated Antimony miner and as a by product also mine silver and gold. They have the only Antimony smelter in the U.S.
Prices on Antimony keep climbing as the major producer China has stopped export and curtailed small scale miners.
I think this is one miner that will outperform the market because they basicly have a monopoly.
For those of you that use P&F Charts for buy signals, yesterday USLV signaled buy. Looking for confirmation on SLW P&F Chart soon.
whackalacka - lol
----Ya know I wasn't thinking about the Fed buying bonds when i wrote that. I was just thinking about what the effect of the government buying gold would be.----
It would scare the crap out of people if the FED started buying Gold. It would make the dollar go down rapidly and Gold would spiral up to insane heights. It would be the end of the dollar as we know it. That is why we are talking about other currencies that we might accept in the future for our metal.
You are already seeing what central bank Gold buying is doing - its pushing the price up. If the FED buys it will be uncontrollable. Like TO THE MOON!
Ill use whatever currency works! :)