I’m back!!! Let’s trade!
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Ready for a bear market?
We shouldn't be worried about our leases as at the current gold price mining by any company would be a waste of resources. SGCP will be back when the gold price hits $1400, and not until in my opinion.
I think we stay in this range for a few months, then when job losses come in spring, BOOM!
Short oil, long silver today into tomorrow. Let's see how that shakes out overnight with no FED rate hike...
The China shorts are trapped right now since the PBOC cut rates AFTER the China market closed. It should be a fun night to watch international markets!!!
Insert William Wallace/Mel Gibson voice: "HOLD!!!, HOLD!!!, HOLD!!!!!!!!!!!" Nice little shake out evil banker scum. All my opinion, of course.
I'm still in. $16 SLV is coming by end of week imo. China shock & awe coming tonight?
He did say everyone... We are going green here! I think SLV may end the day at $16.00. Call me crazy...
Not so! I just bought SLV weekly $14.00 calls at $0.33 Bottom is in for silver. We will hear from the FED, China, or both this week imo.
China PMI shows contraction at 47.1 tonight. This should send gold, silver, and bonds up, everything else including oil and stock markets down... Serious technical damage in stock markets and oil sends $$$ into precious metals!!!
After the market selloff today it could be a crazy night for silver! We have the SLV 200 day moving average in our sights for tomorrow or certainly next week...
What a day to own SDS! You still in? I grabbed weekly $21.00 calls @ $0.12. Holding overnight.
Gold holding strong. Once we hit $1300 I think it will make sense to renew SGCP leases and start mining again. Let's hope all the equipment is tuned up and ready to go! Doug, if you are reading this we are with you!
Thanks! I love the way silver is trading today. If we break $15.00 it's going to get really interesting. Our trend change may be upon us! Those $14.50 calls at $0.01 are REALLY tempting here!!!(disclaimer - consult a financial professional before trading options!!!)
SQUEEZE SHORTY!!!!!!!!!!
No gap, chart pretty, SLV cleared for takeoff!
We can't make that call for you! It depends on your risk tolerance, investment strategy, and so much more. With options, you don't need much capital though. I've turned $400 into $4000 in less than 2 days. I've lost my fair share as well but it doesn't take much to get started. If you want a fun ride try AGQ. When the silver short squeeze comes that ETF will have the most to gain. It's not something to hold long term though. A quick trade for a couple days or weeks. All my opinions. Check with a financial professional.
USLV is great for investors in a bull market, but in a silver bear market traders need to catch the wave at the perfect time and get the hell out while you can. Now if we get a trend change that's a whole new ballgame. I think it might FINALLY be here, but I've been saying that since $30... Tomorrow a bad jobs report means NO interest rate hike in Sept. and there WILL be a short squeeze on silver if that happens.
I paid $0.09 per share for a 100 share contract($9.00 x X number of contracts purchased + commissions = investment) on SLV $14.00 weekly August 7th call options that expire Friday. Hoping to sell tomorrow for $0.18-$0.50. Worse case I lose $0.09 per share and they expire worthless. Best case jobs report shows job loses, MASSIVE Silver short squeeze taking SLV up $1.00 or more. Possible 100%-2500% gain in two days. Again - disclaimer - these are very high risk trades and often end worthless. Consult a financial professional BEFORE trading.
What's the process for getting a company relisted after this type of suspension? I assume Bank of America is capable of getting it done. Do you know what they would need to do exactly? Andretti's must own lots of this stock as well by now and we know Bank of America owns 5% so some day they will want to cash out.
Do you think Bank of America found a company to push into this shell yet?
PSPF looks primed for a breakout! lol
Nothing will happen until gold prices pick up. I think the bottom is in here. If the jobs report misses silver could pop $0.50 tomorrow. If something crazy like jobs are lost we could pop $3.00 on a short squeeze like no other!
Gold trend change happening right now. The bottom is IN and SGCP will be back in business soon!
After those .0002's are taken out I'll sell a few shares at $0.24.
We're waiting for a resolution to our court case and a gold price trend change. Then SGCP is back in business. For now we wait so we don't burn up resources. Maybe it was for the best that gold prices tanked and we shut down because Ebola could have wiped us out if we were mining at the time. Hopefully it's all clear now.
I prefer SLV options(disclaimer - talk to a professional if you've never traded options). Bought the $14 weekly calls for $0.09 this morning. RSI and MACD looking good for a jobs number miss? She can't go down forever.
Nice post. I'm long here for next weeks FIREWORKS!
The gold downtrend officially ends tonight after years. This is the magic ingredient that will end our legal case against Fairhills and allow the DTCC to let us trade again. Then Mr. Evans will renew leases and BOOM! We are back in business. Or maybe SGCP trades as a shell. Either way it won't be long now in my opinion.....
Overnight silver correction happening. Break of spot $17.285 takes us to ??? $23? $25? $30!?!?!?!
Weak March job report plus previous 2 months revised down. Dollar crashed. Happy trading Monday silver bugs! Possible gap to above 200 day moving average and RUNNNNNNNN on Middle East war, poor jobs growth, and Grexit?!?
Oil shorts about to get crushed. They've got no deal with Iran and Yemen ground war coming over the weekend in my opinion.
The change in trend. I think our silver bear market is finally over.
I wonder if this explosion explains why WTI is back under the $7.00 spread with Brent?
The last time I owned GPL was August 2013 at about $1.15 per share. LOVE my entry point today of $0.5673!!!
Nice bonus shares issued to GPL! Check out yesterday's news!
NYBob, our time has come for silver and GPL! The panther is about to ROAR!!!
I respectfully but totally disagree. This is the absolutely perfect time to buy GPL in my opinion.
Trade TBT long with caution in my opinion. Yemen's war keeps our USA borrowing costs down so no reason the FED let's rates go up. They are addicted to easy money!
My TBT target for open tomorrow is $41.50-42.00....