I agree. My trade re-entry is prob a bit higher at the 10.70-10.80 level. I think I will get it back today. Thats over 1 dollar down since I sold, so happy I did the right thing. I called for a retest of 17.50 silver and we are right there.
I agree long term, but we are due for a correction and we are seeing that today. Down 5% from where I sold yday already.
took some off the table at 11.90. Almost 20% gain since Jan 20 is nuts for PAAS. Holding core but let trading position go. Unreal performance in AG and SSRI ytd as well...starting 2015 off as the best yr ever in over 20 yrs investing.
sold this position today at 4.15 for a 55% gain in less than 3 months. expect some kind of pull back real soon as stochastics are way overbought and slv is a trading mechanism. after that at least another nice leap option trade into the spring. major metals' bottoms being formed setting the way for a new bull market - but not parabolic. just healthy, steady profits for all. slv and gld leap options are much safer than individual companies imho. regards
the conclusion remains: central banks have as a group lost credibility and when the ECB (Euro Bank) starts QE this week the beginning of the end for central banks is completed. They are running out of time – that’s the real real bottom line: the SNB (Swiss Bank) ran out of time, the ECB will run out of time this week, and the Fed, Bank of Japan and the Bank of England ran out of time in 2014.
Girls, I can not emphasize this FACT often enough.....ALL these rotten silvers/golds FAILED completely as "flight to safety" during ALL recent financial storms, in which the Dow and Nasdaq experienced sharp drops..... and ALL recent international political crises, as today's RED trading action clearly indicates.....thus proving WITHOUT DOUBT that they are WORTHLESS WORTHLESS WORTHLESS. Every weak gain is an OBVIOUS DEADCAT BURP in a ZERO VALUE pile of silver trash and every smarter pro recognizes that FACT, especially since the smaller junior silvers continue to perform very BADLY!!!
The absolute proof: the silver JUNIORS (e.g. Alexco, Great Panther, etc. etc) refuse to confirm each and every BOGUS GAIN in the silver SENIORS (e.g., PAAS, AG, SLW, etc., etc.), because the silver CALL WRITERS at the sleazy banks and funds only contrive BOGUS gains in the silver SENIORS (that trade heavy volumes of options) solely for purposes of SUCKERING purchases of WORTHLESS silver call options, again and agian.
Time to accept REALITY instead of gold/silver BAGHOLDER DELUSIONS......and re-read my usual GENIUS posts and EDUCATE yourselves how markets REALLY trade, as opposed to the DISINFO NONSENSE purveyed by financial big media, especially the airhead clowns at CNBC
If you cannot emphasize this fct often enough then why do you bother. One would get the feeling that you are a shill shorting the stock or a total jerk that just wants the attention of yelling and picking your nose. I knowyou could be both.
so that short term targets are penetrated and the retest of lower-lows can be plumbed.. I believe this is all good for this mining concern's shares to more firmly establish a renewed up-trend. Silver bullion ticked just below $19 yesterday and we may see a double bump.. but that likelihood may be a bit dubious . jmho
Raymond James Siler Investor Day
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Oct 30, 2014 ... THE COMPANY HAS ADOPTED THE REPORTING OF AISCSOS AS A MEASURE OF A SILVER MINING COMPANY'S CONSOLIDATED ...
Sorry, my POOR sweet silver SUCKER, but with CNBC sleazos pumping gold/silver CALL options all day Friday, that is your 100% GUARANTEE that these sick golds/silvers will now dive into the toilet where they all belong.....some BORN FAILURES are incapable of learning from their intellectual superiors...and every guy I've ever met connected to the gold/silver biz, along with the 5th rate investment firm bankers that finance them, are all ZERO IQ FOOLS.
I will become very interested in PAAS as Silver approaches near to the 17.55 mark , with Gold on the rise I think silver will follow, usually does.
That well and good, I did well on PAAS and made my target, I might come back to it soon especially as silver starts following gold up but I think oil has found its bottom and some oil related stocks have been hammered so I am putting a large amount of what I had in PAAS in to KEG for now. I think it stands to give me greater returns so far it has not and in fact it has lost me money, I would have been better to have stayed in PAAS but I am holding KEG a while longer as I feel I will make some large gains in that one. Still undecided what to do with my remaining PAAS cash leftovers.
Gold is rising against a host of currencies. The initial rush everywhere has been into US$. But when gold starts rising in US$ even as the US$ continues to rise against other currencies it is a sign that there are potentially deeper problems brewing. There are few predicting that the oil price collapse might not have negative repercussions for the global economy. The same can be said about falling commodity prices and falling currencies. What needs to be understood is that all of this is suggesting that something is deeply amiss and currencies and by extension the central banks and governments are not being trusted. With gold now rising in US$ terms as well it could be the final nail. Dave Chapman