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Silver Wheaton Corp. Message Board

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  • Reply to

    The Fed

    by goldbug49ers Jun 20, 2016 2:08 AM

    More on gold price fixing at TFMetalsRepot that is worth the read after the Brexit vote titled "Onward to bullion bank collapse". Here is a quoted paragraph.

    "In the end, what's the point of this post? First and foremost, it's simply the latest installment of our efforts to shine the light of truth upon the incredible fraud and sham that is the current paper derivative pricing scheme. The Comex-derived price is not at all related to the price/value of true physical gold. Rather, the price discovered on Comex is simply the price of the derivative, itself, with the price of this derivative determined by changes of supply and demand of the derivative. Barely any physical metal ever exchanges hands on Comex so it is entirely inaccurate to say that the price discovered there has any connection at all to the underlying physical."

    Whenever we get to some proximity of true price discovery, there will be a big bump in PM prices and for shorts, a moment for reflection on their thought processes.

  • Reply to

    Chemaes

    by cmegladon Jun 23, 2016 3:58 PM

    I did buddy,I did,and I hope others positioned as well.

  • Reply to

    Chemaes

    by cmegladon Jun 23, 2016 3:58 PM

    In an article at safehaven titled "This past week in gold" by Jack Chan, he summarizes with the statement "Speculation according to COT data made another new high this week, and with the 2015 high exceeded, a new bull market in gold is now confirmed."

  • Reply to

    Chemaes

    by cmegladon Jun 23, 2016 3:58 PM

    I think it's a trade, sharky.

  • Reply to

    What's your exit strategy?

    by moses_on_wall_street May 18, 2016 11:45 AM

    Ignore User still works, kind of

  • By the way, be wary of the traditional runup to the 4th of July. The Londoners copped our movie line "this is our Independence Day, but really, this is OUR Independence Day and we usually pop, which means silver may drop.

  • Well old farts in England, middle class, below and seniors have spoken,and kids under 50 are all upset because all they've known since 1986 is the new world order. For those who think this EU economic union stops wars and war crimes they've forgotten the massacre of about 20 years ago, Serbs and such, but hey, kumbayah.

    Talk about piling on, Soros is talking gloom and doom to obtain more bargains from a system under seige already by HFT thumbs on the table. Greenspan is openly talking Black Swan, a sure indicator that this is a big nothing, since he couldn't tell if it was raining if he stood outside and looked up at the clouds.

    Cramer like a stopped clock actually got it right, chill out and catch bargains. Another sky is falling non event in which the removal of England from the EU, as opposed to Scotland and Ireland, gets more action up front than a Fed rate hike (now off the table until the 22nd Century). Keeping rates low, uncertainty high, keeps the silver and gold trade in place, but oh nelly, watch as the market drops Monday another 4%, Tuesday morning 2%, and recovers one percent of that loss Tuesday afternoon.

    If you're a trader, you dump half your silver related stash Tuesday morning the third time a high isn't breached. If the market gets bargain hunty in the afternoon, you may want to just watch for later to sell half, pop covered calls just in the money for the end of the week against the rest and kick back.

    Smart guys say smart money is in small caps, they aren't exposed to overseas. Don't tell that to the Russell2000, rustled now down from a peak 1290 to about 1090ish since about February. I see dead people, and 999 in its future before folks say wait a minute.......

    This is not a Lehman event. I laughed uproariously when a cute English news lady said that "as many as 1000 financial jobs would have to leave London and live and work in Paris." Maybe the English can trade them deodorant for toothpaste. That would work. Just saying.

  • Reply to

    What's your exit strategy?

    by moses_on_wall_street May 18, 2016 11:45 AM

    Pop Monday as the market continues to overreact, watch Tuesday morning for market loss abatement, once to to up, twice to exceed top, fail, dump half, sell in the money covered calls due Friday the rest.

    Sleep like a baby.

  • said today that there are not enough dollars in global circulation. Did the Campfire Girls get all those pallets of FRNs? Or is the bank lamenting about the fraudulent nature of the flood of US fiat?

  • Reply to

    What's your exit strategy?

    by moses_on_wall_street May 18, 2016 11:45 AM

    Well done, jangle. It's tough to argue with real numbers and facts, but OCD super idiot zolly will probably try. It is sad to think that he really is someone's kid.

  • Reply to

    What's your exit strategy?

    by moses_on_wall_street May 18, 2016 11:45 AM

    zolly.jack -

    Good call moron. On 2/10 you said the gold/silver were pigs so let us see how good your call was:

    10-Feb 24-Jun % gain
    ABX 11.58 20.13 73.8
    SLW 14.13 21.06 49.0
    CEF 11.68 13.71 17.4
    RING 7.11 11.38 60.1
    SLVP 6.24 12.2 95.5

    Nice call. My portfolio is up, how is yours?

    From your 2/10 call APPL is down 0.30%. How does that compare to the pigs? The silver/gold pigs are up over 50%.

  • Reply to

    The Fed

    by goldbug49ers Jun 20, 2016 2:08 AM

    “...That's the story and the banksters are sticking to it. ...”

    There appears to be a lot of confusion on how manipulation takes place, in one of its forms. Taken from “The Creature from Jekyll Island” by G. Edward Griffin, he gave the explanation that JP Morgan and the Rockefellers provided large advertising revenues to media outlets, even going so far to reward outlets monetarily when editorials were posted favorable to their interests.

    This was a later strategy after it became obvious that their ownership of all news outlets was causing great controversy by slanting the news as the banksters saw fit. So they largely divested themselves of these for a more behind the scenes approach.

    We take any mainstream news media commentary “with a grain of salt”, knowing that it has a high probability of being presented to support bankster interests. Further, we despise all of those who pose as journalists for that very reason, considering that they are bought and paid for by bankster interests.

    We have also noted that many PM editorialists totally deny that "manipulation" takes place, and state that those who believe it does, when the markets don't go their way will have years of losses as a result. However, these same editorialists are selling short term trading strategies, such as Elliot Wave. They never mention the people like Warren Buffet do fundamental research for their success. Of course short term strategies are meant to rope in paid subscribers.

  • Reply to

    Chemaes

    by cmegladon Jun 23, 2016 3:58 PM

    Wish I could post the charts I am referring to. First look at the (to me) pretty obvious reverse H+S on the 1 year. Then zoom out. Then just because I know yur in it, take a look at EXK and what's about to happen, with the trend line preserved and channel we are about to break out too.
    Your thoughts?

  • I think we could be soooo close to a MAJOR move higher for silver.
    Don't know if it's hours or days.
    I'm not speaking of a $2 or $3 move. I think we get over $25 easily.

  • Despite suffering a horrendous 2015 because of sharply weak silver, primary silver miner First Majestic Silver Corp. (TSX:FR)(NYSE:AG) is focused on reducing costs during 2016. It’s forecasted cash costs of US$7.11 to US$7.60 per ounce. It has also slashed its forecast 2016 capital expenditures by 18% compared with 2015, and both of these factors leave it capable of generating solid margins as silver rises.

    The socond is small-cap miner Great Panther Silver Ltd. (TSX:GPR)(NYSE:GPL), which owns and operates two mining complexes in Mexico. What makes it appealing is the high quality of its silver ore, low operating costs (with 2016 forecast cash costs of US$5-7 per ounce), and its lack of debt. With US$14 million in cash and US$26 million in working, it is highly liquid and capable of generating a solid financial performance as silver rises. There is also some conjecture within the industry that it may become a takeover target at some point in the future because of its solid financial position, low market cap of $261 million, and high-quality assets.

    It can be difficult to forecast the short-term outlook for silver because of its higher volatility than gold and the tremendous volume of paper contracts and recent allegations of major banks manipulating the price. Nonetheless, what is increasingly clear is that silver is set to rally over the course of 2016 and, while no investment is risk free, First Majestic Silver Corp. and Great Panther Silver ltd. stocks discussed above are well positioned to take advantage of this rally and deliver value for investors.

  • Reply to

    The Fed

    by goldbug49ers Jun 20, 2016 2:08 AM

    “...Seems like the congress thinks of the fed as one of them.”

    And why shouldn’t they, since nearly all of them feel their successful run for office came from the Fed. The Fed controls the media through their monetary support for the corporations that advertise heavily in the media. Have you EVER heard major media outlets make negative comments about the Fed? Certainly if you go outside of this ring of Fed insiders the message is quite different, if unfortunately not comprehensive enough to reach most people.

    One thing that worries us about Trump, in his current speech, is that he had absolutely nothing to say about the corruption’s source, the Fed. Trump, thankfully, had much to say about the Clinton’s era of corruption, but until the central bank is dealt with anything Trump does will only be a short term fix. Virtually all of Trump’s criticism of the Clintons and their pocketing of the largess from Wall Street ultimately has the Fed’s fingerprints all over it. Trump’s description of Hillary as a world class liar was certainly on the mark. We only hope the minions of the ignorant will not overwhelm those who know better at the ballot box.

    As far as Democrat Party allowance of assassination attempts against Trump, were it to occur, they better damn well be ready for the civil war that results and the very distinct possibility over their own demise (an all inclusive statement of those involved), since that will remain the only solution to save the country. All should remember that when Andrew Jackson opposed the Fed’s predecessor bank’s charter renewal, Jackson was the recipient of an assassination attempt that thankfully failed and statements by Nicholas Biddle suggestive of threats against Jackson. This is fact and those unaware of it should do their own due diligence to confirm its validity. There were similar attempts on POTUSs thereafter, connected to their opposition to the central bank; James A. Garfield, William McKinley and John F. Kennedy

  • You're right genius, I was addressing what he actually said, not his title.

    What he said was that the purpose of Obamacare cancellations were some kind of phony plans, which is some psychotic myth libtards have absorbed.

  • Reply to

    What's your exit strategy?

    by moses_on_wall_street May 18, 2016 11:45 AM

    Tried to warn my POOR sweet amateur silver/gold BAGHOLDERS, again:
    =======

    WARNING: another OBVIOUS DEADCAT BOUNCE, typically contrived on the first day of every week, in order to SUCKER amateur DUPES to buy ultimately WORTHLESS CALL options in ALL these DYING sick silver/gold PIG FARMS!!! Try NOT to be SCAMMED, again, SUCKERS!!!

    There is only one LOGICAL strategy for the DYING rotten silver/gold sector....stay at the EXITS...and NEVER NEVER NEVER enter, NOT under any circumstances, or you will become a PERMA-BAGHOLDER, especially where the STINKO silvers are concerned....no better example than the Alexco silver PIG FARM, a sick rotten PENNY JUNK joke on a fast track to the graveyard, and now trading 90% BELOW ALL TIME HIGHS!!!! ROFLMAO ROFLMAO ROFLMAO ROFLMAO In fact, the dying AXU CONFIRMS WITHOUT DOUBT that we remain in an ongoing silver/gold BEAR market since, in a genuine bull market, the bull raises all sails....so look at the FATALLY WOUNDED AXU PIG FARM as a PREVIEW of the dismal fate awaiting its entire DYING sector of sinking silver PIG FARMS!!! ROFLMAO

  • "Policies that met minimum standards that were altered to accommodate mandatory inclusions were not canceled. It appeared you used statistics that had made this error".

    Your statement doesn't even make any sense. The "minimum standards" WERE the "mandatory inclusions". So you're saying if they already had the "mandatory inclusions", then they were altered to accommodate "mandatory inclusions". You're either stupid or a pathological liar, or maybe both.

  • The Associated Press has historically been regarded as a straight, relatively non-partisan news source. That has changed in recent years, because of stories like this one on Trump’s speech, by Julie Pace and Jill Colvin. It begins:

    'Donald Trump launched a broad rebuke of his presidential rival Hillary Clinton Wednesday, accusing her of being “a world class liar” who personally profited from her tenure at the State Department. “She gets rich making you poor,” Trump said'.

    The AP can’t wait any longer before telling the reader: don’t you believe it!

    'Yet his remarks included erroneous statements and distortions about Clinton’s record, and he frequently referenced sources of information that have been widely questioned, including the book “Clinton Cash” by Peter Schweizer'.

    Curiously, the AP fails to cite a single alleged instance of an “erroneous statement” by Trump. Schweizer’s book is meticulously researched; it is the definitive work on Bill and Hillary Clinton’s corruption. Has it been “questioned”? Well, sure: by Hillary.

    I think the media campaign to defeat Donald Trump and elect Hillary Clinton will exceed anything we have ever seen.

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