Silver Wheaton Corp. Message Board

what can you say about a gold and silver sector that failed to perform as a flight to safety following a crash in the japanese market?

answer: it has no value today of any kind and that is why I think most of the gold and silver companies will be bankrupt by the time 2014 arrives.

and please don't suggest that a sad one or two percent upswing in certain golds and silvers constitutes flight to safety.....that is simply pathetic beyond description.

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This has all the appearance of a weak deadcat bounce and many of the silvers are not participating (e.g. Alexco), proving that the silver sector itself remains badly broken so I have absolutely no doubt this is a contrived bounce created by the funds that must end badly, it will be over very soon, and the silvers will resume their plunge.

I am thankful for the opportunity to reload my bet against the silvers with a new position of in the money puts and even more out of the money written calls.

Silver has failed as a flight to safety vehicle and so the silver stocks are beyond repair now.

This has all the appearance of a weak deadcat bounce and many of the silvers are not participating (e.g. Alexco), proving that the silver sector itself remains badly broken so I have absolutely no doubt this is a contrived bounce created by the funds that must end badly, it will be over very soon, and the silvers will resume their plunge.

I am thankful for the opportunity to reload my bet against the silvers with a new position of in the money puts and even more out of the money written calls.

Silver has failed as a flight to safety vehicle and so the silver stocks are beyond repair now.

I think the golds and silvers might crash as early as next week, people are completely disgusted with anything connected to gold and silver, and would not be surprised to see every gold and silver company begin to fold well before summer arrives.

I even expect companies like kitco to shut down and probably the world will be better off.

there will be a lot of people in the gold and silver biz looking for jobs very soon and most will never get placed anywhere else since most lack any real talents of any kind

This has all the appearance of a weak deadcat bounce and many of the silvers are not participating (e.g. Alexco), proving that the silver sector itself remains badly broken so I have absolutely no doubt this is a contrived bounce created by the funds that must end badly, it will be over very soon, and the silvers will resume their plunge.

I am thankful for the opportunity to reload my bet against the silvers with a new position of in the money puts and even more out of the money written calls.

Silver has failed as a flight to safety vehicle and so the silver stocks are beyond repair now.

This has all the appearance of a weak deadcat bounce and many of the silvers are not participating (e.g. Alexco), proving that the silver sector itself remains badly broken so I have absolutely no doubt this is a contrived bounce created by the funds that must end badly, it will be over very soon, and the silvers will resume their plunge.

I am thankful for the opportunity to reload my bet against the silvers with a new position of in the money puts and even more out of the money written calls.

Silver has failed as a flight to safety vehicle and so the silver stocks are beyond repair now.

looks like it is ready to crash into low single digits soon

all silvers can only be viewed as being worthless, since they have failed to protect investors during all variety of market and currency troubles. Based upon today's typical downside action I am very obviously correct no matter how many badly educated people think otherwise

bump

Looks like yesterday's trade action in gold and silver stocks was a false upmove designed to allow funds and banks to write thousands of call options that, based upon today's resumption of the gold and silver crash, will expire worthless.

I can't even remember the last time the golds or silvers could manage even so much as two or three consecutive days of strong gains. I know it's been at least two years I think.

my only comment about this post is that it's a bit harsh but, at the same time, I would say there is no doubt that GLD is radically overvalued since gold and silver have not behaved as safety nets during financial troubles.

Ladies, i have proven many times that ALL golds and silvers....physical, paper, miners, etc.....have FAILED as "flight to safety" assets during ALL recent financial storms....during ALL recent currency turmoil (e.g. EURO)....and during ALL recent international crises (e.g. Korea, Cyprus, etc.) and that makes them ALL WORTHLESS WORTHLESS WORTHLESS.

Ladies, since WARNING against these DYING golds, silvers, and rare earths some TWO YEARS AGO, my forecasts have PROVEN 100% CORRECT regarding those sick sectors....THE most brilliant analyses of stocks, wall street, big media, the USA govt, and how they REALLY operate that you will read anywhere from anybody, and that includes the plethora of NO talent inherited money ivy league she-males on wall street. It's called trading GENIUS, ladies, and few possess it, and I obtained it doing my own homework, my own research, and NEVER rely on a single DISINFO word from the PHONY "experts" who overpopulate wall street.

Ladies, as I DESERVE to state today....live and learn from your intellectual superiors....live and LEARN

Today has all the appearance of a deadcat bounce in a sharp gold and silver bear market.

That it happened on the first day of a new option cycle is likely absolute evidence that the upmove will not be sustained.

This has all the appearance of a weak deadcat bounce and many of the silvers are not participating (e.g. Alexco), proving that the silver sector itself remains badly broken so I have absolutely no doubt this is a contrived bounce created by the funds that must end badly, it will be over very soon, and the silvers will resume their plunge.

I am thankful for the opportunity to reload my bet against the silvers with a new position of in the money puts and even more out of the money written calls.

Silver has failed as a flight to safety vehicle and so the silver stocks are beyond repair now.

Total nonsense.

The new HK exchange closed because of lack of revenue and high expenses, only 200 contracts traded, so lack of volume doomed the exchange.

The news item happens to be very bearish for gold.

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there was no default.

the new exchange closed because its expenses dramatically exceed revenues.

the total volume of contracts traded on the new HK exchange amounted to a mere 200 total and so the closure of exchange is meaningless and if anything its very bearish for gold.