Also Yowserrs, a major point against your detractions (that you seem to ignore) I have held a large load of physical silver for a long time now. So when I sold all my synthetic positions, I was still crazy long silver.

Sweet lets take the 3 largest economies in the world today: US, China, Japan. How much gold do they hold vs silver?

Then please elaborate on what those other reasons were because I've never seen you discuss nor did you even bother in your rebuttal which is so telling.

I said little to no industrial use thus the relevant metric is amount of silver used in industrial production vs copper, gold, platinum and other metals.

If you looked at those numbers, silver is barely a blip.

Also if you review the trading in ETFs, futures, and other derivates, the amount of speculation was unprecdented for such a small mkt. At one point, hundreds of millions of shares / futures were trading daily which represented months if not tens of months of WORLDWIDE silver production.

I heard someone say, "About tree fiddy".

Is this right?

lol why do i bother with known ******s

Why do you bother to post in gold/silver related threads? People who actually know something about these commodities as opposed to believe something about them are in the extreme minority atm. I for one know nothing about gold or silver and wouldn't bet on them going up or down.

I know I know nothing about them. Therefore I know infinitely more about gold and silver than 95% of the people placing bets on them. You're definitely in the 5% Yowz.

Smartest post in this thread. A wise man knows when he knows nothing.

If you add all the gold and platinum used for industrial uses in the last decade, it does not come close to the amount of silver needed for industrial purposes in a single year.

Yowserrs gonna Yowserrs imo.

Yes my largest stock positions are $300-400k each. However I have never held anywhere near that amount in any silver, gold, commodities, currencies, mkt related trade. My edge just isn't there. However, I do trade them and I have made money.

I don't know from what angle you are saying that ppl know nothing bc I would agree in certain respects and disagree in others. The big unknown for me is that commodities trading is very momentum oriented and its incredibly difficult to calculate a 'fair' value like I feel that I can for individual companies.

So governments are the only ones worldwide preparing for currency debasement or is your point ridiculous?

HOLY TOLEDO!!!!!!!!!

Please name said stocks so the silver thread can track your progress.

$50... hmmm... one of my price targets, I wonder why anyone sold at $50, it was an obvious profit taking level.

It was essentially an all time high.

Silver was overdue for a correction.

The list goes on.


Now you answer my questions.

A. What is the projected silver production next year with silver trading at $36/oz and what is the projected silver production for next year with silver at $46/oz? The year after that?

B. How many developers become producers at this $10 increase?

C. How much do production costs, increase per ounce cost, hurt these companies as far as production costs go?

D. How much will this $10/oz increase affect the production price curve in an average established producer in oz/year produced?

E. What is the current growth rate of silver production and what is the current growth rate for silver demand? (this one is the easiest, you should at least be able to answer this one)

So basically youre saying that there was no fundamental reason outside of margin reqs just as I initially alleged?

Have a good day all.

This sh** is too funny sometimes.

Yowwsers, where did you build your wealth from too get to this point of investing 300-400k in companies? Did you start small and have traded your way up to those amounts over the years?

I'm not really sure what your POV is, but if you are trying to substantiate a point with the "fact" that Silver has little or no industrial use is really lol bad.

I've been trading on my own and professionally for 12 years.

DUDE DID YOU SEE THE CALL SPREAD HE SOLD AT 35 to 37!!!!!!!

THIS STUFF IS IRRELEVANT WHEN YOU CAN TIME TRADES WITH YOUR "GUTS". HE JUST PWNED THIS MARKET. HE IS 5 for 5 ON HIS SILVER TRADES IN THIS THREAD. THATS A TRACK RECORD OF 100%. MOST ELITE TRADERS MAKE MILLIONS/ BILLIONS WITH A WIN RATE OF 60%. THINK ABOUT THAT. THIS MAN "yowwsers" IS THE ELITE OF THE ELITE.

WONK WONK WONK!!!!!!!!!!!!!!!!!!!!!

Thats probably fair. Where I was really trying to go with that is that the industrial uses are fairly static - its not as if some new application came out earlier this year to cause non-financial demand to skyrocket. I shouldnt have said 'limited industrial use' but rather 'static industrial use' This discussion began in the context of why silver was a bubble that had to pop.

HE EVEN BOUGHT PUTS WHEN THE IV WAS SUPER HIGH. MOST TRADERS SAY THIS IS A FOOLS TRADE AS IF THE IV FALLS YOU CAN LOSE MONEY EVEN IF THE TRADE MOVES YOUR WAY. MOST PROS WERE SELLING CALLS OTM, BUT THIS DUDE WAS BUYING OPTIONS.

lol I know that was complicated - I both bought and sold calls einstein and when I previously shorted I sold calls. I've posted all my trades in real time here everytime so youre welcome to review every post / thread ive ever made and evaluate for yourself. if you actually cared to do real work instead of acting like a 5 year old, you would learn something, but youre just so desperate to call me out that it doesnt matter right?

Whew you're right you did sell them.

Getting back on topic:

Silver 07.07.11, signs of the move up from Jul 4 weakening.
Dismal volume today.
All taken with grain of salt as markets waiting on NFP / mother of all numbers tomorrow.
Possible 2 way trade tomorrow - if sellers respond by 36.8 will stalk shorts.

If this was just a pause and trend resumes 37.030, next upside target.
37.440 is also well within range if silver doesn't have a large gap down overnight.

Gold - only 1 downdraft today and it was bought up quickly.
Balanced day. If breakout is to upside, targeting 1539, 1545
Downside break, 18's and 20's, 14, 10

edit - the most relevant thing in this post for timeframes longer than 1 day:
signs of the move up from Jul 4 weakening.
All taken with grain of salt as markets waiting on NFP / mother of all numbers tomorrow.

What is NFP and what kind of impact will it have?