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ProShares Ultra Silver Message Board

barsolid77 4 posts  |  Last Activity: Nov 6, 2014 8:25 PM Member since: Feb 23, 2011
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  • Reply to

    Charts hate gold

    by ipdaily69 Nov 4, 2014 8:18 AM
    barsolid77 barsolid77 Nov 6, 2014 8:25 PM Flag

    Again IP you twist what I say. I specifically stated that PM prices do matter but of course you reverse it in order to get a response and make a penny. Sad existence for sure. And Yes, I might need 4 five year plans, no one knows the future, though I really do not expect to live anywhere near that long. Just for the record I expect some type of rally within the next five years, just based on the amount of fiat currency that is being printed and how much more will continue to be printed. Also a a response to the closing of many mines due to this present day downturn. Okay, thanks for the fun, but this is the last from me for another while (few months) . I hope you enjoyed. glta

  • Reply to

    Charts hate gold

    by ipdaily69 Nov 4, 2014 8:18 AM
    barsolid77 barsolid77 Nov 6, 2014 5:16 PM Flag

    I seldom respond, and whether my plan for slow accumulation will work or not is really still unknown. I am less optimistic than you are, but thanks for the up vote. To me this is a really long term issue with a few key points. Are we under long term valuation norms for these stocks at this time. Is the company going to go bankrupt before it is able to return to a value that represents its normal price. If I can answer these and other similar questions in a positive manner than I hold my position and slowly add more. Just remember the market can remain irrational longer than one can remain solvent so always keep some cash around. And again thanks for the support, though I am so stupid that I mostly laugh at all this trauma.

  • Reply to

    Charts hate gold

    by ipdaily69 Nov 4, 2014 8:18 AM
    barsolid77 barsolid77 Nov 6, 2014 1:04 AM Flag

    Sam, I don't have any real problems with what is occurring. The main problem I have is PM prices. With Silver at 75/1 ratio and the lowest prices in five years we should expect a fall off in output. Could they do better, of course, but correcting for the ratio they continue to produce approximately the same amount of raw weight each quarter. I stated a couple of years ago (and annoyed Bead) that the company was in a sort of cruise control space. Growth would be nice of course, and yes better implementation, which I have been stating continually for years starting with the bad road work and the bad grading leading to the flooding (remember that, Lol). I do mind that you and dishonest others continually set up straw man arguments with me as the target and totally misrepresent my positions. And yes, compared to the previous stupidity when Bill ran this circus, they are doing much better, especially when you factor in the stresses from the low PM prices and also the excellent buy of Canamex. As I continually state this is a five year buy for me, not a sprint. Personally, I very much like the opportunity presented to me by the devastation of the prices of mining stocks. I mean really, ANV is at $0.95, down from $41+. Unless they are going bankrupt tomorrow what is the meaning of a 97.5% price decrease in a functioning company? Is this the bottom? I have no idea but as long as gold and silver is used in growing industrial applications (electronics and solar anyone?) and as long as women want men to give it to them I suspect it will have some value.
    Also as far as what occurred with the output, I suspect that the digging towards Switchback led to some difficulties that were too complex for Rivera to handle, at least in a manner that kept other production processes at top efficiencies. Yes, it would be nice if these guys could walk and chew gum at the same time and maybe the new guy can do that. We will see, but as always, What do I know??

  • Reply to

    Charts hate gold

    by ipdaily69 Nov 4, 2014 8:18 AM
    barsolid77 barsolid77 Nov 5, 2014 9:38 PM Flag

    Don't be sorry for me, I only have 1/3rd of my total position bought. Lots of cash, etc. I've been saying this for over a year, you must have wax in your ears. I see this as a contrary buying opportunity and in a slow and controlled manner I am acquiring assets. Break even probably down to below 12 and I"m beginning to feel like a kid in a Candy store, but as always, what do I know?

AGQ
39.65+1.40(+3.66%)Dec 26 4:00 PMEST

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