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Silver dropped 9% today.
- Thread starter 75th
- Start date
I heard jon was roughneckin' in wyoming or some shit like that.
calveless wonder
New member
I'm sending a crew to dig for Bromine
the stock SLV?
That does sound good
I wish someone could just research this shit for me haha
Physical silver
SLV
I want 2 more stocks.......
Then ill just stick to physical silver haha yea sometimes I am fucking stupid but now it makes sense.
I need 3 stocks maybe in oil, health, and technology.
I need 3 stocks maybe in oil, health, and technology.
canadianhitman
Well-known member
Damn...silver down 27% in the past week. Ouch.
canadianhitman
Well-known member
I liked two of Cramer's picks on Friday's Mad Money:
EOG Resources looks to be a very solid oil play with a great balance sheet, plenty of reserves going forward, and a lot of growth potential.
I also like what I heard about DuPont's transformation under their current CEO; their huge gains in agriculture (gen. mod. seeds) was particularily intriguing.
SPEKTOR-AAA
New member
How's stainless steel doin these days?
.....via DROID
.....via DROID
SLV and AGQ are the 2 silver ETF's.
they aren't stocks and you wouldn't be diversifying investing in silver and then these 2 ETF's. they all move in tandem tick by tick
My brain just imploded.
chevron, exxon, conoco phillips all pay decent dividends. Wal-Mart, Kraft, P&G and Coca Cola pay decent ones. Microsoft and Intel for tech. Healthcare...eh. Biogen Idec has had a good ride lately 
but they don't pay a dividend. Abbot Labs probably.
buy buy buy! lolz
but they don't pay a dividend. Abbot Labs probably.buy buy buy! lolz
L
lartinos
Guest
oh boy... Why did you get him started CEO. You should tell him to take all of this money out. He should not be investing money. Pay off your debt!
calveless wonder
New member
Put it all on red
Agreed!
needtogetaas
New member
I think its sexy
Stay out of oil unless it's bigoil paying dividends.
Why did you choose those three industries? Are those the ones you've done research on? Do you know the metrics analysts use to guage the success of these three industries?
(What I'm saying is don't piss away your money unless you know what you're doing. Buy some books first; invest later.)
These people appear so fucking stupid to me... I can't even imagine how you feel reading some of this.
SPEKTOR-AAA
New member
(What I'm saying is don't piss away your money unless you know what you're doing. Buy some books first; invest later.)
Thats to simple samoth, its easier to listen to all the Warren Buffetts up in here
Thats to simple samoth, its easier to listen to all the Warren Buffetts up in here
It's amazing how much psychology comes into play with respect to money.
nimbus
New member
These people appear so fucking stupid to me... I can't even imagine how you feel reading some of this.
probly like a smug asshole
I dont think silver is done yet. The selloff in silver saw the metal recently drop 20% from its highs, and we probably aren’t done yet.
The CME raised margin requirements on silver futures four times in two fuckin
weeks. While margin requirements must go up when prices go up, four times in two weeks sure is
grist for those who say the big banks are short silver and will do anything to derail silver’s bull run.
Disappointment over silver’s failure to breach the $50 level last week is also a factor. The hot money is moving on to other things for now. This leads to a correction, a normal and necessary part of any bull market.
And then there’s simple profit taking,many people bought silver at much lower levels and so
they’re locking in gains. I did exactly that when silver hit 48 because I knew we could potentially see a bounce and Price action at the 45-48 was a perfect reversal spike.Certainly big funds run by George Soros and others are doing just that. TYhere’s nothing wrong with taking profits. Silver, gold hit by report of Soros selling.
Since silver — as well as gold and other commodities — are priced in dollars, they generally move
opposite to the greenback. Its a seesaw of pain, someone is always getting fucked
Mine supply of silver is tight. While silver fabrication demand grew by 12.8% last year, silver
mine production rose by only 2.5%, and mine supply accounts for 70% of all silver supply, according to GFMS. It’s hard for miners to crank up silver production because two-third of silver
produced by mines is as a byproduct to other metals. Mine supply IS expected to rise this year, but
it will be hard-pressed to keep up with the expected rise in demand IMHO
The fundamental fact is that, despite the recent correction, both gold and silver are in big bull
markets. Until that changes, pullbacks and corrections are buying opportunities.
According to Goldman Sachs, 70 million people worldwide are joining the world’s middle class
each year. In 20 years the middle class will add another 2 billion people, most of them from
emerging markets. Many of these nations have a cultural affinity for gold and silver.
So yes, we are seeing some air whoosh out of silver’s bubble. But I don’t think we’ve seen the real
mania in silver yet. That doesn’t mean the metal can’t go lower. If the U.S. dollar rallies, that will
likely trigger another leg down in silver. If the global economy slumps , and there’s the potential
for that due to stupidly high oil prices , that could knock silver lower as well.
If you want to short silver in the face of strong demand — like the 1.3 billion Chinese who seem
ready to sell silver on the rallies, or the billion people in India ready to do the same thing — good
luck to you. I think you’ll need it
me personally Ill be the guy buying on the dips
The CME raised margin requirements on silver futures four times in two fuckin
weeks. While margin requirements must go up when prices go up, four times in two weeks sure is
grist for those who say the big banks are short silver and will do anything to derail silver’s bull run.
Disappointment over silver’s failure to breach the $50 level last week is also a factor. The hot money is moving on to other things for now. This leads to a correction, a normal and necessary part of any bull market.
And then there’s simple profit taking,many people bought silver at much lower levels and so
they’re locking in gains. I did exactly that when silver hit 48 because I knew we could potentially see a bounce and Price action at the 45-48 was a perfect reversal spike.Certainly big funds run by George Soros and others are doing just that. TYhere’s nothing wrong with taking profits. Silver, gold hit by report of Soros selling.
Since silver — as well as gold and other commodities — are priced in dollars, they generally move
opposite to the greenback. Its a seesaw of pain, someone is always getting fucked
Mine supply of silver is tight. While silver fabrication demand grew by 12.8% last year, silver
mine production rose by only 2.5%, and mine supply accounts for 70% of all silver supply, according to GFMS. It’s hard for miners to crank up silver production because two-third of silver
produced by mines is as a byproduct to other metals. Mine supply IS expected to rise this year, but
it will be hard-pressed to keep up with the expected rise in demand IMHO
The fundamental fact is that, despite the recent correction, both gold and silver are in big bull
markets. Until that changes, pullbacks and corrections are buying opportunities.
According to Goldman Sachs, 70 million people worldwide are joining the world’s middle class
each year. In 20 years the middle class will add another 2 billion people, most of them from
emerging markets. Many of these nations have a cultural affinity for gold and silver.
So yes, we are seeing some air whoosh out of silver’s bubble. But I don’t think we’ve seen the real
mania in silver yet. That doesn’t mean the metal can’t go lower. If the U.S. dollar rallies, that will
likely trigger another leg down in silver. If the global economy slumps , and there’s the potential
for that due to stupidly high oil prices , that could knock silver lower as well.
If you want to short silver in the face of strong demand — like the 1.3 billion Chinese who seem
ready to sell silver on the rallies, or the billion people in India ready to do the same thing — good
luck to you. I think you’ll need it
me personally Ill be the guy buying on the dips
These people appear so fucking stupid to me... I can't even imagine how you feel reading some of this.
What do you mean..."these people"?????
Lumberg
New member
Interesting strategy. What instruments are you using?
Lumberg
New member
I asked what instruments he's using--swaps, options, futures, ETFs, that type of thing.
ummmmm.. or you can watch our futures E-mini's that are open 24 hours a day for an indication.
but hey if you rather watch the nikkei whatever floats your boat
Good to see you guys have been having fun while I was away, silver went in the dumper (big suprise) I called this correction and feel great about selling at $44, for a few days it looked like it would just run away in price. I had considered buying back in the low $30's but with the multiple margin increases and intrest rates around the world starting to move a little I think we still have a way to go before we see the bottom. Glad I hope you learned a lesson about greed and top calling, the move from $30 to $40 this year was within reason, but the move from $40 to $50 in that short of a time frame and that much volume was nothing more than speculators riding the train on borrowed money, after all the hot money exits, and the new shorts cover we should see silver start to stabilize again, imo mid $20's are going to be the bottom......
b0und
New member
Silver is still in backwardation, even after the recent massive drop. Until it goes back in contango it's not likely to rise much.
Soros is completely out of gold, 13-F filing out. Paulson is holding.
I read somewhere that even gold went in backwardation briefly.
b0und (no more betting on silver for now)
Soros is completely out of gold, 13-F filing out. Paulson is holding.
I read somewhere that even gold went in backwardation briefly.
b0und (no more betting on silver for now)
javaguru
Banned
LOL..hedging bubble...loll...
Silver rocks, I rode it all the way to the top 
Took my profits at the highest. Haven't touched it since.
Took my profits at the highest. Haven't touched it since.Eur/Us, Cad/Us and Aus/Us are the spots to be now!
