Replies to post #30042 on iShares Silver Trust (SLV)

[jt6455]

The only morons are those buying this ETF thinking there's any exposure to silver bullion. The smart ones are using this pile of garbage to convert worthless pieces of paper into an actual metal asset

Everything else is noise and those chasing the $USD are gonna get rolled

[Elmer Phud]

deanna

$9.50 an ounce is where this is heading

If you believe that as you seem to, you can make a ton of money shorting SLV and buying Puts.

Are you doing that?

[TheBunny]

Well $10.00 would I'm sure create a lot of Margin Calls. However, with stepped up demand and already physical delivery shortages, any further paper decline would IMO create a Failure to Deliver situation, which naturally would would be the clarion call for The Jig is Up.

$9.50 an ounce is where this is heading. It's not about production costs, it's about fleecing the morons they juked ino buying at $30+ and tripple keying their profit to cost basis. The ETF's just serve as a "rudder" for the Frat-Houses of Preferred Shareholders in other things to flip during the dip and not only that, they get to do it all with your chip.

[General Grievous]

Tru...had to look up the macro on it The Consequences of the Fed’s Interest Rate Hike | Kitco Commentary
http://www.kitco.com/ind/Sieron/2015-04-17-The-Consequences-of-the-Fed-s-Interest-Rate-Hike.html?sitetype=fullsite