Go try and find quantity at a reasonable price - like APMEX. If they slam silver again supply will dry up and then kaboooom the comex defaults. You have to understand, there is very little physical silver to be had. Look at what Sprott goes through to take delivery!!! You are being decieved into thinking there is time on your side.

SLW reports August 9th

money, money, money....

money changing hands

;p

According to etrade they have LEAPS but Im going to have to call them. I didnt know GPL had options. Anyway, Im sticking with Silver Wheaton long term SLW is going to be what QCOM was to the tech bubble.

What do you know about LEAPS and what companies or ETF's? Ive been buying 6-7 month out 50-55 SLW calls for next to nothing. What do you think about the calls?

Enjoy your vacation. Seems Im the guy that has to work. My brother and wife took off to Europe for 10 days and then when they get home my parents take off for Europe for 14 days too. Meanwhile. work is slow and so are the markets. Very little volume everywhere. I look forward to this Fall when everyone is back from vacation.

You sound demoralized. There are many positive things developing in the Silver market right now. The Asian 1:1 exchange will come online shortly and its a major coupe that the HK exchange was able to buy the LME. We have the CFTC investigation by EOY. We have positive technicals occuring too. According to some reports industrial usage is up. Im just not as bearish as you and I continue to buy calls and add to my physical holdings which are now over 10,000 OZT

Maybe you should sell and move on as long as you believe what you believe.

Nah - straight up!

Revaluing the Yuan

Says nothing about the Yuan being revalued. Seems like a bunch of fear mongering sensationalized youtube garbage to me.

There are a lot of cheap calls in SLW 6-7 months out. They report on August 9th. Ive been spreading money around between the December and January time frame with 50.0 - 55.00 strike. I would rather play call options than wrap up a lot of cash owning the underlying.

There are a lot of cheap calls in SLW 6-7 months out. They report on August 9th. Ive been spreading money around between the December and January time frame with 50.0 - 55.00 strike. I would rather play call options than wrap up a lot of cash owning the underlying.

Yep, I read the COT report. I will continue to post here as long as I use ihub. Got to say Im not a fan of this website nor will I ever pay to use it again. Ive been banned on 2 boards now and 1 I dont even know why. This website doesnt encourage free speech and I find that bothersome.

Took the PMIC board off my watchlist. That board has lost its usefulness and has changed for the worse. Good luck getting it going again, stinky

Its already begun. Reversal beginning during the quiet sleepy Summer and running strong going into Fall.

I think one must ask themself which is more oversold. Spot Silver or ZSL. Spot has remained oversold for the better part of almost year whereas ZSL has not. The wise trader would go long Silver at this point. Its a fools trade to go long ZSL based on TA. Silver in itself is set for a big re-pricing this Fall and ZSL will fail miserably.

I bought another set of 2012 fractionals because the mexicancoinbroker is running low and nobody else is selling accept 1/2 onza and they are asking 30.00 plus shipping for it. Now there are only 3 sets of fractionals by the MCB for sale on ebay. I hope that there isnt more coming to market after they are gone.

Considering I have a large exposure to physical Silver Im actually a little excited about what could happen. Of course, it will hurt many people. Ive tried to tell people but they have their heads stuck in the sand or simply dont understand the consequences. We are talking about most Americans unfortunately. Those Americans may even turn against people like you and me and say we are evil hoarders that should be taxed into oblivion and so fourth.

Cramer says some strange stuff sometimes - whatever.

Im still buying sterling silver spoons. Its a way to find cheap silver. For instance, I just bought a serving utensil for 29.00 shipping included. The giant spoon is 2.28 OZT!!! CHEAP!!!! This catch is a rather rare one but you can see the possibilities. Other than that, I havent been buying except for the libertads and spoons. I have a lot of spoons - even a couple forks. Anyway, I just wanted to tell you where I was finding value. Value is the name of the game.

I guess it was a re-run that I saw. Here is the video

I was watching Mad Money w/ Jim Cramer the other night and he called Silver a "junk" metal!! A caller asked how much of his portfolio should be in precious metals and Cramer said 20% should be in Gold and to avoid Silver.

Now, I would guess that Sprott is worth more than Cramer and his forecast is very bullish for Silver. Who should we listen too?? Some clown on CNBC or Sprott??

You are going to catch hell for reposting my posts on the PMIC board - lol

I only bought one set of the fractionals. I thought 47.00 was a little steep for less than an ounce of metal. The mexican coin guy is the only seller on ebay right now so I will wait to see if others come to market. Ive seen a 1/10th for sale on ebay but its in the UK.

The only proof offered was the 1 onza and they are going for 90 - 100 on ebay. They sold out in less than 1 hour at the mint so they are in high demand.

It seems like the mexican coin guy has a lock on the market right now

Keep dreaming - there wont be any Silver around at 20.00 a TOZ the premiums will go way up and supply down

I just picked up the 2012 Libertad fractionals for this year. Apparently, there are no proofs offered this year and only a simple 3 coin offer of BU 1/2 1/4 1/10

Get them before they are gone - only 3 left

http://www.ebay.com/itm/280917548538?ssPageName=STRK:MEWNX:IT&_trksid=p3984.m1439.l2649

They are ultra rare - you should make up any premium you paid quickly.

I need a 98 1/20th onza to complete a set. I cant seem to find one on the cheap. I was bidding one last year and it went for over 100.00

98 Libertads are in big demand. I bet you didnt overpay. You should follow ebay to see what others have paid. The cheapest 1 oz 98 libertad Ive seen trade on ebay for was 90 bucks

“It takes time for the effects of policy easing to be fully felt, but we continue to expect growth to bottom in Q2 and pick up in Q3. After the global financial crisis in 2008 led to a sharp slowdown in China’s economy, the government loosened policies aggressively in January 2009. […]

Whether the government’s policy response was too weak and too late to avoid an economic slowdown is a question that many investors have recently asked. We believe the government learned a lesson in 2009 and will this time take an incremental approach (i.e., instead of pulling out all the stops and loosening as much as possible, it will likely take gradual action that is contingent on feedback from the economy). But this gradual pace of loosening should not be interpreted as a lack of space to ease should growth slow further.


http://www.forbes.com/sites/afontevecchia/2012/07/09/despite-deflation-china-is-set-to-rebound-strongly-on-easing-and-stimulus/

http://money.cnn.com/2012/07/09/news/economy/china-cpi-inflation/index.htm

Are you kidding me??? We have retail sales, empire state mfg survey, CPI, Redbook, industrial production, housing market index, housing starts, beige book, jobless claims, exisiting home sales, Philly FED and leading indicators all next week. Plus, Bernanke speaks twice.

Click on July 16 and look at the week in front of you. You two guys may be on the same page but I think the wrong chapter overall.


http://www.bloomberg.com/markets/economic-calendar/

http://articles.marketwatch.com/2012-07-08/economy/32588961_1_soft-inflation-data-data-release-deflation

Im not trying to bash anyones political beliefs. I simply dont think that politics comes to play here. We'll see what the numbers say this week and then at the end of the week we will see what Bernanke has to say.

Several countries have already lowered interest rates. The UK is doing more easing. The Chinese may introduce some sort of easing Sunday. What not a global easing??

I dont think QE will be announced this week but I think that language moving torwards it at the next FED meeting is what we are going to get.

I own 243 contracts SLV JUL 21 '12 29.00 calls

Im betting big this week that Gold and Silver catch a big bid. I switched up from puts when the big down draft didnt happen before options exp. Now I think its past and we go up!!!!

There wont be any QE after the election unless Obama wins and its basicly 50/50 on that. Personally, I think Romney will win and give Bernanke the boot. The FED hawks, especially the guy at the Atlanta FED, are saying they are ready to act - all they have to see is weakness. That is a pretty simple mandate. Plus, these hawks on the FED have "lowered the bar" and believe that only modest improvement isnt enough. So, they have seen little or no improvement and regardless of politics are going to act.

I will tell you my rational. First, I bought the calls to front run the Chinese GDP number because I read this article a few weeks ago.

http://www.nytimes.com/2012/05/22/business/global/chinas-premier-open-to-stimulus-steps.html

I was betting that they have slowed more than expected.

http://money.cnn.com/2012/07/12/news/economy/china-gdp/index.htm

So now I wait until Sunday to see if China reacts. Then the whole week is filled with financial data and some of it, maybe most of it, will be soft. You see, in the FED minutes it said they were ready to act all they have to see is weak data. We will most likely hear language from Bernanke refering to easing. I hate to say it, but I think you are dead wrong about the FED. I dont think they care if its an election year. The dollar is flirting with prices that usually are tops in the market. If the FED wanted to react they would do it in the face of a strong dollar.

Im actually bullish on Gold and Silver trades in tandem most of the time.

If China presents some sort of easing Sunday that could be an impetus. PLus, the week is filled with economic numbers that could disapoint. At the end of the week Bernanke gives testimony to congress and if the numbers suck he may introduce language that might be leading to more QE.

Plus, Silver is very oversold.

I own JUL 21 '12 29.00 calls

30 31 32 were seeing some action today

Anyone see any action in the put/call options for SLV?? I think next week could be very good for Gold and Silver

Yeah - I own some shares of it. Waiting for lift-off.