What we have now is NOT true Adam Smith capitalism. It is oligopoly and rent-seeking non competitive markets. In fact, there are no true markets. The markets are thimble-rigged by the billionaires using free money from the FR.
Best: eagles, canadian mapples, "junk" silver dimes, quarters, have, and dollars. If you can't get those, then bars--but only the better bars. Avoid the numismatic coins for now--the aim is just to get silver at the lowest spread.
According to Holter, probably 10 times more silver has been sold short than there is silver to be delivered. If only 10% of longs take delivery, no more silver.
If you hate put options so much, why don't you sell them short against your short positions to capture premium?
Syb, option spreads well timed get you most of the gains of shorts, with much less risk. Do you still say there will be a big options default?
Maybe they'll paint it up Monday, but by end of month, could be down 20%. If not May, than June. If they hold it up 1987 style (unlikely), then an old fashioned crash in Sept-Oct, but I think it will be May-June.
Don't you agree Syb? No margin calls with options spreads played conservatively.
There will be no big option default like Sybil predicts. If options default, the shorts won't work either. Fiat money means the game will continue.
They will in days be scrambling to buy back the silver they didn't own but sold! Don't sell unless it hits $40--and then sell only a little because it is going to $80 at least!! Holter & Rickards & Sinclair are the experts!
Sentiment: Strong Buy
SQUEEZE EM HARD!!!!!!! $20 Friday?? Higher? What happens if more than 32 million ounces are demanded for delivery? Over 180 million ounces have been contracted for! This could be real interesting :) Read Holter & Rickards on these matters.