This would result in an instant $10 pop in the share price, as the Shanghai Exchange actually requires the delivery of physical metal, unlike the COMEX.
I am not selling it seems they really want to run silver down. I mean will the mines even be able to operate if they run it down to 10 bucks. The day of reckoning will come but right now the fed is doing everything in its power to keep the equity bubble blown up.
Every miner on my watch list is down significantly today while gold and silver are on the rise. Yeah this market makes perfect sense doesn't it?
Rapidly rising dollar should soon be seen as a threat to GDP as the cost of our exports will be less affordable to our trading partners. Janet Yellen and company must be sweating bullets. Currency wars are in progress!
Time to buy SLW and SVLC and physical siver and gold.
These are the places to take shelter.
Sentiment: Strong Buy
Please, and at your truculent discretion, in moderation or in excess as you so choose, partake in lip-locking a non-gmo goat phallus, either hairy or clean shaven to suit your immediate needs:) I suggest non-gmo since I imagine your copious consumption of gmo foods has caused some mis sequencing problems in your RNA.
Enjoy the sausage and milk buddy.
Everyone knows there's a deficit of about 100 million ounces of silver each of the past 2 years.The paper contacts by jpm and others including the federal government have kept it down.Along with the strength of the dollar.What's made the dollar strong is the possibility of Europe and Q.E and japan just started it's own Q.E of 1 trillion.That devalues there currencies and raises the value of the dollar.What could cause silver to go up are a number of things one would be if the swiss back there currency with 20 percent gold which looks like it will pass on nov 30th.Another possibility would be if first majestic company can convince or miners to with hold there production of silver next year for a month.That would crush the paper silver contacts and bring a closer true price of silver.Here's another possibility is if the shanghi silver exchange runs out of physical silver to supply the comex to back the paper contracts.There's a possibility that it could happen because there's only apporx 50 million ounces left and there and there was around 800 million in the beginning of the year.They could run out in DEC.Ultimately when people lose confidence in the dollar gold and silver will skyrocket it's only a matter of time.
The U.S. Dollar Index advanced for a 10th straight week, the longest since at least March 1967.
Silver is tarnished..... for now.
I agree. It should be of note that we have been at these levels ($20 per share) 3 times within the last year, and each time the stock bounced back to above $25.
The U.S. Navy said that the USS Arleigh Burke and the USS Philippine Sea launched 47 Tomahawk cruise missiles in the latest Middle East war. Each launch of a Tomahawk results in the obliteration of over 500 ounces of silver. Keep 'em flyin'!
Shorting the US dollar....UUP....this phony recovery will be exposed...Ford already up against problems with the stronger dollar...it wont last...JMHO
to buy more mine production just before a market pullback and renewed flight to precious metals. I look through this board and laugh at the foolish statements about silver. I started buying and holding silver back in the 80's and never regretted it. Stay long silver and SLW and you will see what happens.
Yesterday I sold all my December Puts of SLW when the stock hit $19.88.
My initial investment of $3,500.00 ended up making me $15,350.00
I told everyone more than 4-5 times to short the stock starting at $27.30 down to $25.50.
Now it will settle in the area of $19.00 to $21.00 for a while.
It could take 2-4 months or more.
Then it will be time to buy some Calls and ride them up to $27.00
Feeling great today!
Bought a 1972 Oldsmobile Cutlass Supreme Convertible in Bronze with 52,000 miles on it in great condition!!!
I love the stock market.
Everything else is collapsing and I made 5 times my investment!
Good luck to anyone who still owns SLW!!!
Too much $US bullishness....about due for a reversal. Nothing has changed... The fed still has a ballooned up balance sheet and there is no way to pay off our national debt. One day not too far down the road people will begin appreciating "real money" again.
SLW is a royalty company. It would go against their "business model" and might expose themselves to the risks that mining companies have.
Sentiment: Strong Buy