uphillsprirt: PAAS looking good Ive recouped several hundred thousands of my 2015 losses by buying PAAS near the 52 week low. Silver finally shining again. To date in 2016 Ive recouped about 45% of my 2015 losses in the market ...but still a ways to go.
ONLY ONE QUESTION I HAVE FOR YOU: Just how devalued will the dollar become?? Answer this and I'll tell you how expensive silver will get and just how dear a single share of Pan American Silver will become.\.
Will we ever see $50.00 a ounce Why Not If Gold goes way Up so will Silver
Zolly is a funny character who likely works for folks who want to buy the good companies on the cheap. Notice that he is all over the good companies' message boards. Soon Zolly will change his name again--maybe back to Dolf? Yes, we will have another big hit downward, but I'm with you--eventually silver will be much higher, as will PAAS and other great companies...
Since Barrick will be prosecuted to the fullest over the Pacua Lama fraud and tax protocol with Argentina, new royalties will be required and as such might help us get the Navidad project going!
Golfr, I'm think'n that we need to become a bit more comfortable with these metals markets before they slam 'em for that one wash-out that will signal the end to the deflationary cycle and fully establish the return to our familiar inflationary spiral. The next wash-out should come frighteningly close to allowing Zolly to become jolly... before doing a 180 to the upside. Just my supposition but I'm in it .. to win it.
Yup, lots of factors in place: Chinese buying; high level of silver Crimex specs means that short term silver price beatdown is inevitable; and the new variable: the Shanghai boys are trading silver themselves, perhaps to result in a true, legal non-corrupt pricing of the metal? Fasten your seat belt.
With silver up another 1.17% this morning, I feel like Robert Duval in “Apocalypse Now” because “I just LOVE the smell of incinerated silver shorts in the morning. . .” As I wrote about back in December with gold starting to rally, it feels different these days and silver feels as though it will be in the $20s sooner than one might imagine.
I sold 700 units this morning at $14.48 that I bought at $ 8.82.
Still holding 3500 shares that I bought at $8.82 & $5.94 cuz I believe PAAS still has legs to go higher but I felt it prudent to take some profits after this nice recent run up. Cheers!
Take a deep breath because I am about to tell you how I made A LOT of cash in the market recently. Google “LionStockAlerts” and see for yourself…They have killed it for me
ZOLLY WOULD BE IN REAL TROUBLE if he really held a short postion in Silver as THE longer-term weekly chart of PAAS is also impressive. Prices based and have rallied over the 40-week moving average now that average line has turned up with a positive slope. The OBV line is rising on a weekly time frame and the Moving Average Convergence Divergence (MACD) oscillator is bullish. PAAS does have some resistance on the chart at $15/$16, and when it is cleared, we could see PAAS reach $20. I'm looking forward to the IMMENSE DRAW that will pull PAAS SHARES inevitably to and through that $30 area. Wag the dog.
Tried to warn my POOR sweet amateur silver/gold RETARDOS and ZERO IQ SUCKERS, again:
WARNING: another OBVIOUS RAMP SCAM by the silver/gold CALL WRITERS in the slimy wall street club, in order to SUCKER amateur DUPES to buy even more WORTHLESS silver/gold CALL options!!! Try NOT to be SUCKERED, again, ladies!!
WARNING: the CONTRIVED BOGUS rise in the silver/gold SENIOR PIG FARMS has NOT been confirmed by the sick DYING JUNIORS (e.g., great panther, silver stinkard, alexco, richmont, etc etc)...and that is MEGA BEARISH, as per the Finance 101 textbook, Graham and Dodd!!!!!
Well I have made back a huge chunk of my 2015 losses. Another new 52 week high today for PAAS. Let the good times roll.
Speculative positions in silver futures have also increased, jumping 30% in the week ending April 12 to 56,018 net long contracts, according to the Commodity Futures Trading Commission’s Commitment of Traders report. The number of gross longs held by non-participants reached 86,886, the highest level in a dozen years according to Kitco.
Silver Wheaton stock is up almost 47% year to date, while Hecla shares are up nearly 92% in the same period. Pan American Silver is up almost 120% and Coeur Mining is up more than 190% as of around noon. And the biggest share of the gains has come since the beginning of March.
Read more: Silver Miners’ Stocks at 52-Week Highs - Silver Wheaton Corp. (USA) (NYSE:SLW) - 24/7 Wall St.