Cu Penny Hoarder wrote:APMEX sold out of ASEs this morning. Inventories are beginning to dry up.
People waiting for $27 or below will be very disappointed when they finally go to buy some and it's not available.
neilgin1 wrote:Cu Penny Hoarder wrote:APMEX sold out of ASEs this morning. Inventories are beginning to dry up.
People waiting for $27 or below will be very disappointed when they finally go to buy some and it's not available.
just so i'm not misunderstood, when i say 27, i'm referencing basis Dec futures, which means cash silver trades plus 3 to plus 5, which translates out to my kill zone of $600 ASES...i'm focusing this down move on ASE's, and only then will i look at 90's, thinking 19X to 22X's is a good kill zone.
thats why in the past two months i been hitting 40's....ease off the pedal a bit, but still get coinage. Bro Penny, i'll buy 45X's, i'll buy 20X's...i was even gonna geared up pay 800 an ASE roll, but something in my gut said wait. If this Macro move, meaning a global contagion, gets somewhat out of hand, you MIGHT see 24, ..dont discount it, there's about 3 million undercurrents in the global economy, and we can only see the tiniest tip of the iceberg.
neilgin1 wrote:just on a techinical basis, charts, massive damage has been done. and i know there's talk about a futures/physical disconnect, but this is way larger than a bunch of bank traders screwing with the futures. Technically, this second, its a train wreck, which is GREAT for us.
ardorlan wrote:Double3 wrote:I'm trying to figure out how much money I can spend.
I did this, and it turns out I am broke.
neilgin1 wrote:Penny, i am the LAST guy to defend any futures trader, i KNOW these guys, and believe me, they'd sell their sister to get out of jam, BUT, this is not some devious bankster scam. just read the board, a LOT of guys saying, "i wanna buy more silver, but i'm tapped out. Now what that means for a stacker, he stays with his stack, but for a futures trader, whether it be a one lot wonder, or a hedge fund trader, they got ya for 16k per car margin, and you might have a thousand on long, then you got to come up with margin maintennance money, plus for every dollar down, we're talking massive money, and you GOT TO GET OUT!!....and when the bullish consensus is in the 80's or 90's, and everybody's running for the door, you start seeing $100 down in the Gold, $5-6 down in the silver. It's the way markets trade...coz when your supervisor knows you looking at a $250 million paper loss on your funds long position, he is going to tell you, "get out of that position NOW"!...what caused this sell off is that everybodys bullish...and i dont have a strategy, its just gut instinct, i've seen this stuff for over 30 years, in cattle, hogs corn, wheat crude silver...one more thing, everybody says these short sellers of silver are fiends......what people dont realize is that in a crazy down market, short sellers actually provide support when they cover and buy back. So when you see "short selling's been banned"......dont ever trade that market.
Thogey wrote:One of my real-cent friends is driving over the mountain to pick up some silver. Since I'm working today he's going to front me 1000.00 until this afternoon.
That's what real friends are for.
This silver plunge is very exciting, I love it! I'm going to stack as much as I can without borrowing for it.
balz wrote:Thogey wrote:One of my real-cent friends is driving over the mountain to pick up some silver. Since I'm working today he's going to front me 1000.00 until this afternoon.
That's what real friends are for.
This silver plunge is very exciting, I love it! I'm going to stack as much as I can without borrowing for it.
Why not borrowing?
Borrowing monopoly cash to get real cash?
I do it every day!
balz wrote:If it's more than you can lift, than you surely are in a much better position than I!
My point is this: I have a good job and I can repay my debts. The ONLY way I could get in trouble would be hyper-inflation when my 2% annual wage increase wouldn't be enough to pay everything... BUT: if there is hyperinflation Ag will rise a lot...
I don't see how I can lose at this game.
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