PM Risk

[Market Harmony]

Began lifting silver hedges and adding long.
Cheers!

It's about time...

I did some physical buying today, flipping, rebuying, picked quality sterling off of ebay, bought some shares in a deeply discounted miner GPL, and closed 1/3 paper hedge from $32... been a HUGE crazy day and glad they are not all like this

[fasteddy]

Wow Barry aren't you being a little to critical here...take a vicadin and an activator and chill abit or take a smoke.

OK time to review, thanks for the notice JFF.

[barrytrot]

Wow, I guess that didn't come off like any bit of a joke. Apparently the multiple smileys do not indicate my actual tone.

Anyway, I said that the explanation of diabetes is, of course, completely valid and I removed my miniscule concern. I did not mean to enrage in any fashion, so I apologize for having done so.


I have noticed the average level of rage rising in the last few days. I don't think the people here like silver to be lower every single day.

[beauanderos]

I have noticed the average level of rage rising in the last few days. I don't think the people here like silver to be lower every single day.

You might be on to something there, Barry. Misplaced anger? We have no one tangible to blame (aside from the nebulous banksters) so instead our nerves, already brittle from seemingly never-ending consecutive down days, might be partly to blame for our in-fighting. This is just a bit of the mayhem (cyber version) that may soon ensue if the eurozone bedlam turns ugly.

[Engineer]

I have noticed the average level of rage rising in the last few days. I don't think the people here like silver to be lower every single day.

You might be on to something there, Barry. Misplaced anger? We have no one tangible to blame (aside from the nebulous banksters) so instead our nerves, already brittle from seemingly never-ending consecutive down days, might be partly to blame for our in-fighting. This is just a bit of the mayhem (cyber version) that may soon ensue if the eurozone bedlam turns ugly.

I was looking for a house during the crash in '08, and the real estate forums were all raw nerves. If you pay attention, you can notice people going through the four stages of grief, and many of them start trolling when they get to the anger stage.

[Country]

Don't barbarians always fight with each other before going out to conquer the castle.

[Chaboo]

Don't barbarians always fight with each other before going out to conquer the castle.

I'm ready for the castle!

[68Camaro]

I have noticed the average level of rage rising in the last few days. I don't think the people here like silver to be lower every single day.

You might be on to something there, Barry. Misplaced anger? We have no one tangible to blame (aside from the nebulous banksters) so instead our nerves, already brittle from seemingly never-ending consecutive down days, might be partly to blame for our in-fighting. This is just a bit of the mayhem (cyber version) that may soon ensue if the eurozone bedlam turns ugly.

I was looking for a house during the crash in '08, and the real estate forums were all raw nerves. If you pay attention, you can notice people going through the four stages of grief, and many of them start trolling when they get to the anger stage.

You may be onto something there. But much of the "counseling" here has been on buying for the long-haul, dollar cost averaging, counting your assets in ounces not USD, etc. I recognize the tendency, but people need to look at this as the best possible opportunity, rather than negative. The reality is this is a gift to us - make use of it!

[barrytrot]

That may be the counseling but that's not what people are doing.

I'm sure the majority check the price of metals at least once a day.

[fb101]

We certainly do several times a day.
think long term. it helps.

[mongo]

I have a thought and I would like your opinions on this. Within the last week JP Morgan and friends have come saying that they lost 2 billion in trades. Is it possible that they are manipulating the silver market to cover their loses on the paper silver market? There was an an article recently saying that they control as much as 1/4 of the silver market. If the whole house of cards is getting ready to fall for JP Morgan it would be in their best interests to bring silver way down. I dont know if this makes sense to anybody but with the current economic climate and money printing at an all time high in the US and EU, Why is silver taking such a beat down? It doesnt make a lick of sense to me but neither half of whats going on in the world.

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Mongo