GoFuckYourself.com - Adult Webmaster Forum - View Single Post

Houdini · 05-08-2011, 04:12 PM

I own physical in the low 30's, but at these levels, still picking up some. I've been trading SLV options for a few months now and rode it up, and rode it down. There's so much shadiness behind the drop it's comical. Tons of margin increases in a two week period, the COMEX is in the brink of default, huge amount of speculation, it's a fun ride. Extremely volatile, but damn there's a killing to be made. The problem is, when it goes up so fast, it has to come down to correct itself to keep going up. So many people ate shit last week and they could have protected themselves by buying some damn puts. Hopefully, they'll learn next time, but I doubt it.

I like how people say silver and gold can't go up anymore, and they'll put their money in things like Apple and Netflix (P/E 65 - Will make the best short of the year award) which have gone up 400 and 500% over the past year or two. Yet, a 60% increase in silver is crazy lol. Trillions in US debt and increasing, a dropping dollar, higher inflation, increase in commodity prices, complete uncertainty about the US economy - all makes for a higher spot price.

05-08-2011, 04:12 PM
Houdini Confirmed User Join Date: Dec 2001 Location: SoCal Posts: 1,651	I own physical in the low 30's, but at these levels, still picking up some. I've been trading SLV options for a few months now and rode it up, and rode it down. There's so much shadiness behind the drop it's comical. Tons of margin increases in a two week period, the COMEX is in the brink of default, huge amount of speculation, it's a fun ride. Extremely volatile, but damn there's a killing to be made. The problem is, when it goes up so fast, it has to come down to correct itself to keep going up. So many people ate shit last week and they could have protected themselves by buying some damn puts. Hopefully, they'll learn next time, but I doubt it. I like how people say silver and gold can't go up anymore, and they'll put their money in things like Apple and Netflix (P/E 65 - Will make the best short of the year award) which have gone up 400 and 500% over the past year or two. Yet, a 60% increase in silver is crazy lol. Trillions in US debt and increasing, a dropping dollar, higher inflation, increase in commodity prices, complete uncertainty about the US economy - all makes for a higher spot price.