Gold at $25000. Silver at $600.

silver.jpeg
 
The silver genies out of the lamp for a while to come.
 
I took some profits an hour ago but I am still hugely invested in options. But I fear a surprise tomorrow, who knows.
 
Declan said:
I took some profits an hour ago but I am still hugely invested in options. But I fear a surprise tomorrow, who knows.
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I'm sure that there will be desperate measures to drive the price down, but when more is consumed than produced.?
 
jpc said:
I'm sure that there will be desperate measures to drive the price down, but when more is consumed than produced.?
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we saw 2 major paper slams last week, to the tune of millions of ounces, but the market absorbed them and stayed steady
 
Silver is getting no great help from gold either.
 
Almost $70 for an Eagle here now. I might go to my local store today to ask about the numbers buying versus selling.
 
I'll be happy if we can hold above $60 today, set up a floor for the next launch . Some are now looking at $100 before Jan!
 
jpc said:
Still holding the line!
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I am doing options. The ones I sold were up about 10 times, but profits are fleeting, all to often they teverse back down to zero, a total loss.
 
The decision is about 2 pm my time
 
That disastrous earning report from Oracle after the bell could crash the markets tomorrow and wreck the metal prices in the short term.

Problem is, I am trading in the short term.
 
Declan said:
That disastrous earning report from Oracle after the bell could crash the markets tomorrow and wreck the metal prices in the short term.

Problem is, I am trading in the short term.
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This is a test of your metal !
 
Declan said:
That disastrous earning report from Oracle after the bell could crash the markets tomorrow and wreck the metal prices in the short term.

Problem is, I am trading in the short term.
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I don't think the global war for control of metals will be unduly impacted by this. Much bigger forces are at work now.(Finally!)
 
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Maybe, but a market crash would surely knock the price as cash becomes king
 
Declan said:
Maybe, but a market crash would surely knock the price as cash becomes king
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I suspect cash will be trash in an inflationary super-cycle. People will be looking to park it in anything making returns.
 
There are rumors JP Morgan is hoarding silver now and has gone long.
 
I just sold a lot, about a quarter of my whole portfolio
 
A major arbitrage opportunity for the East, as they buy up cheaper silver from the West.
 
I have bought more very out of the money calls on SLV, strike price 80, jan expires. It is either going to blast off or not by Christmas.

I sold too soon earlier but it is not a profit til it is taken and I am well positioned.

I sold so me covered Calls on NEM and WPM which will be called away on me, so I miss out a bit but still a decent outcome when selling covered calls.


NEVER NEVER NEVER sell uncovered Calls
 
$70 for me.

I recently sent a roll home that I got for 60 and a roll of 25 Britannia’s that I got for 52 Ibthink. They are cheaper than an eagle
 
I will let my positions run now, throw caution to the wind.

Selling some may have been prudent in most situations, except when it actually is in fact blastoff.
 
Declan said:
I will let my positions run now, throw caution to the wind.

Selling some may have been prudent in most situations, except when it actually is in fact blastoff.
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Gold is at 4333 USD/ troy ounce. Will it hit 44 before Christmas? The general collapse is ongoing and gathering speed.
 
Declan said:
I will let my positions run now, throw caution to the wind.

Selling some may have been prudent in most situations, except when it actually is in fact blastoff.
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we are going to $200 at the very least. Talk of $1000 spikes in a buying mania
 
Major pressure to slam silver below 64 rn
The shorts are really dumping paper today like crazy
 
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