Yup, I should have added this too.

Silver really did move very quickly from ~$30 to ~50. However, the fundamentals of the dollar and fiat currencies have not changed. I don't think a massive pullback will happen but if it does, it will only be a good buying opportunity. PM's will continue to rise.

This post is exactly why I must leave this thread.

Good luck morons.

you guys have a good day today?

Fantastic day.

If you are asking this with reference with the drop in silver, I do not attach emotion to my investments, hence I don't even feel that happy by the fact that silver is up roughly 150% since I first started investing 1.5 years ago.

What is your ROI for that time frame?

I diversify my portfolio so while I have several investments that have outreturned that I would be pretty damn nervous if my portfolio ever returned that much as a whole over a short time frame.

Dont play poker.

I do too. I own a range of commodities, as well as bonds (even though I am not keen on them) and stocks in Asia. They have all done pretty well. However, that is a different subject and the title of this thread is 'silver'.

CME's Globex is what I affectionately refer to as a "freak show." This last margin hike was not very telegraphed and the first CME hike last week coincided with a strong haircut day. Just possibilities. Yes, the market was even more thin than usual.

Those are my words, written by me, posted from one of my sites, based on my research, theory, thoughts etc. I own one company at almost exactly 0.03, one under, everything else is not. The last 0.03 mining company I bought, I posted here, it went to 0.15 and is now settling at 0.10. (NBRI)

I am currently done with insults. It does not suit a resourceful thread. At least you are looking for edges Yowserrs and you aren't just speculating with opinion but with options. Seriously, best of luck with your trades in the future and to all on either side, I have my position, you have yours.

Actually volatility is expected as silver has reached the resistance level. The volatility will continue until silver breaks the critical 50 bucks.

Here you go smartalecc5, I made this just for you.

Do options prices reflect this knowledge of yours? I doubt it. Therefore all I need to do is buy 45 puts and calls and sell 55 and 60 calls to make a fortune. Thanks.

got em

couldnt find a Gold thread:



is this baloney or not

fyp

Thanks. Here's a link stating what emet said is right

http://latimesblogs.latimes.com/mone...eculation.html

Doesn't matter if politicians and Ben Bernanke don't know this.

What's "better" isn't relevant, the likelihood on what policy we're gonna get is. If your read is off then your play is off. Poker analogy: You have bottom pair on river and incorrectly think your opponent has polarized range because they are not good enough to thinly value bet. You didn't realize that it's actually the other way around -- because they are not good, they bet hands they shouldn't without any real reason, so you call with bottom pair and lose.

This is assuming the Fed allows market to set rates rather than intervening in market to keep rates low at the detriment of the currency. What reason do you have to believe they will chose the former?

this has been crazy :s

i've sold about 35% of my silver today after seeing this big fall.

any recommendations in what to move it to? i was thinking maybe an all commodities etf, would rather avoid paper currency giving inflation concerns, though given im thinking of potentially buying a house with a few others this time next year, maybe better to put a bit into a real estate fund?

john

wow sweet analysis dude. what time is recess?

I did compliment your blog in case you didnt see that.

Look into the ETN with the ticker "RJI"

No analysis was necessary in that regard. A point was made that we're not going to allow inflation to take place because it's worse than a collapsed economy, but that's all assuming the gov't/fed even knows the consequences of their policy, and even has the political will to do something about it.

weren't you the moron that was in here blaming it all on speculators and predicting a collapse because you had a hunch? As well as accusing MusicRecorder from stealing info from a good blog that you didn't even know was his? Thought you had already left? Stop making a fool of yourself and just do so already.

lololol - my very first post concerning silver was that I was getting short on April 28 and u are trying to insinuate that I'm the moron? yet your understanding of the fed and its policies is laughable to anyone who reads the newspaper.

BOOBIES 4 YOU!!!!

This is a poker forum. Trying to validate what you say based on a small sample of short term results doesn't mean much of anything. The other posts of yours still reflect what I said in the post you quoted. If we want to be results oriented, many people on here are still up huge from silver regardless of the temporary pullback. But neither of those matter as much as the reasoning behind it -- which for you amounted to speculators and nutjobs driving up a small market, therefore you knew it will drop 60% (arbitrary #s ftw?) sometime, somehow, and that it's time to go short. Carry on sir.

Yes, because lip service by the fed and information in newspapers means more than what's going on, and will continue to go on in reality.

Boo silver. Is this due to the 3 CME margin hikes?

Its already down 15-20% and the options I shorted are down 80%. Some people here have made money on paper and thats good but profits aren't made until you exit the trade and a lot of people here don't seem to have any inclination to sell ever. I also know that few people have made real money trading silver.

I think its downright laughable you guys are trying to associate the magnitude of this move in silver with the dollar or fed policy or growth prospects or any other fundamentals (most of which u both misunderstand and / or GROSSLY exaggerate). This is a report from the US govt that estimates only 21.3k tons of silver are produced worldwide annually or in other words about 700mm troy ounces. Its a small market that is easily pushed around because its industrial use compared to other metals is very limited. Some of this move is due to the factors you have discussed but when we start trading 150k futures / day + 250mm shares of ETF volume which is basically equal to annual production, it becomes very clear that a bubble has emerged. I have watched it trade for months now so my timing which may not be the ultimate top was designed to catch an intermediate top as I could see it was about to roll over. I dont always top tick it by any stretch but I'm pretty good from doing this a long time to see when something is getting close.

If I was seeing real buying, meaning governments and large institutions, then I would never have touched it. I've seen almost no evidence of that and I have access to way more tools and data than you do.

http://minerals.usgs.gov/minerals/pu...2010-silve.pdf