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How about that silver?
- Thread starter gladysvjubb
- Start date
That 4 part series on the Hunts Zero Hedge has up, is pretty good. The PTB over the markets are controlled by the WS banks. It is their casino, and they deal stawks, not metals.
Silver 25.60 4:59PM EDT -0.44 -1.70%
Silver 27.84 6:00PM EDT -0.24 -0.84%
Silver 26.91 6:16AM EDT -0.43 -1.57%
Silver 26.89 4:59PM EDT -0.26 -0.97%
Patience. They are still printing as fast as they can.
I find it hard to get excited about $2000 gold, now that AAPL stawk is $2000 also.
I find it hard to get excited about $2000 gold, now that AAPL stawk is $2000 also.
I got 100 Mercury dimes a couple months ago for $130. I bought a 1927 St. Gaudens (MS-64) 20 Dollar gold piece at the same time, for $1775
brickweeder
Well-known member
Time for a strangle set above and below the range.
the 2011 run from 19 to 50-ish from the breakout of the 2008-2010 base took 9 months. Silver just broke out from its >5 year base 1 month ago...you gotta be patient. This was a major breakout from a major base (makes the 2008-2010 base look like amateur hour), with a major leg up. This leg up needs to consolidate....that's how these things move. So now is the time to relax, maybe book some profits near the upper end of the range if you haven't already, but not so big a position that if it runs again without further pullback you'll be an empty-handed price chaser.
Given how major the breakout was, it is very likely that silver is making the move to retest the high. But it will get there on its own time line, not the time line that you or I prefer.
So when silver consolidates like right now, you could always use a different strategy to pass the time. Like put on a strangle or three, and buy the low end of the of the apparent range, and even lower, because what we think is the range right now may not be the range when we look back from a higher level with hindsight.
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Medfinder
Chemon 91
JPMorgan’s Role in Metals Spoofing Is Under U.S. Criminal Probe
Bloomberg
JPMorgan’s Role in Metals Spoofing Is Under U.S. Criminal Probe
February 5, 2020, 10:25 AM EST
Investigation said to move to bank parent after traders’ pleas
Precious-metals desk was racketeering operation,
U.S. authorities that accused six JPMorgan Chase & Co. employees of rigging precious-metals futures are building a criminal case against the bank itself, two people familiar with the situation said.
The previously unreported investigation of the global bank’s parent company, part of a wide-ranging federal clampdown on market manipulation, raises the prospect of criminal charges and significant fines against America’s largest bank.
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-02-05/jpmorgan-s-role-in-metals-spoofing-is-under-u-s-criminal-probe
Bloomberg
JPMorgan’s Role in Metals Spoofing Is Under U.S. Criminal Probe
February 5, 2020, 10:25 AM EST
Investigation said to move to bank parent after traders’ pleas
Precious-metals desk was racketeering operation,
U.S. authorities that accused six JPMorgan Chase & Co. employees of rigging precious-metals futures are building a criminal case against the bank itself, two people familiar with the situation said.
The previously unreported investigation of the global bank’s parent company, part of a wide-ranging federal clampdown on market manipulation, raises the prospect of criminal charges and significant fines against America’s largest bank.
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2020-02-05/jpmorgan-s-role-in-metals-spoofing-is-under-u-s-criminal-probe
St. Phatty
Active member
in 2007 Morgan Stanley paid an ADDITIONAL $4.4 million to its customers.
MS had already frauded them, by selling PHYSICAL gold, then settling in cash.
to embellish the fraud, MS charged the customers Vault Storage fees - for non-existent physical.
so in 2007, MS gave the customers back the faux vault storage fees.
MS, Boeing, Wells Fargo - there is fraud EVERYWHERE in corporate America.
MS had already frauded them, by selling PHYSICAL gold, then settling in cash.
to embellish the fraud, MS charged the customers Vault Storage fees - for non-existent physical.
so in 2007, MS gave the customers back the faux vault storage fees.
MS, Boeing, Wells Fargo - there is fraud EVERYWHERE in corporate America.
I have a little silver (coins and bars)i bought in ‘05-‘07. I’ve been thinking of buying Dec’20 call options on AGQ. THE $30 strikes don’t have too much premium. What do you think?
brickweeder
Well-known member
Hopefully your stack is mostly from 05, but 07 prices are still good right now.
I started to answer to your AGQ question, and my answer is turning into a friggin book. So I am going to PM you (don't want to jack this thread)
Long story short is that if you want to stack the leverage of options on top of a 2x leverage ETF, you really have to be tuned into the market (like a pro surfer on a wave) and have some trading rules (risk management) in place that you have set for for yourself.
Silver can be a beast that has crazy moves in both directions when it finally does get moving every decade or three. If I did play leveraged etfs (I generally don't), the time for me to put on a long 2x silver etf is after a tested break to the upside from a consolidation, or after an upside break from a bottom pattern. That's it. Right now, we don't have either condition.
Edit: I just checked the options chain for AGQ, open interest for AGQ options is almost non-existent, so very poor liquidity and humongous bid-ask spreads. Garbage, imo.
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St. Phatty
Active member
https://www.silverdoctors.com/gold/gold-news/7th-raid-on-gold-silver-in-last-10-days/
Why does Harvey Organ always write in Capital Letters ?
He's a pharmacist in Canada that writes these notes EVERY SINGLE DAY.
So he might be writing them at work in between filling prescriptions.
Would be better if he gave all his pharmacy customers an 80% Silver Canadian dime.
Why does Harvey Organ always write in Capital Letters ?
He's a pharmacist in Canada that writes these notes EVERY SINGLE DAY.
So he might be writing them at work in between filling prescriptions.
Would be better if he gave all his pharmacy customers an 80% Silver Canadian dime.
Sunshineinabag
Active member
Drop them on a solid surface. if they ring, they are silver. If they drop with a thud like a new quarter of dime does, not silver. They probably are, since those look like standing liberty quarters. 1916-1930.
Sunshineinabag
Active member
I found them at the beach......stuffed into the crotch of a Hawthorne that was dead...old velvet pouch. I should prob keep em huh? I gotta say man those older artists that made the orig buffalo head nickels and these.....they are awe inspiring and give me goosebumps
Compared to the new nickel design, yeah. IMO they did that to the nickel because they have not watered down the metal in nickels, yet. 75% nickel, 25% copper. In 2007 a nickel was worth 8 cents in metal, just like a pre 1982 penny is worth more in copper than the value.
You can still buy US mint buffalo coins. I love these:
https://www.investorvillage.com/uploads/35858/images/odds.png
You can still buy US mint buffalo coins. I love these:
https://www.investorvillage.com/uploads/35858/images/odds.png
What gives me the shivers is how they have taken Lady liberty off our silver and gold money.
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