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The Lunatic Fringe - Trading talk.

jelly

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Zed, you do realize you're dealing with an ignoramus, right? Save your breath.
Solarion, go back to whatever deep dark recess of GIM that you crawled out of. It's obvious you know nothing of trading or investing, but regurgitate the drivel you hear from the talking heads. "Charts from the lunatic fringe" was a great place until you showed up. Go waste someone else's time.
 

solarion

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Zed, you do realize you're dealing with an ignoramus, right? Save your breath.

Solarion, go back to whatever deep dark recess of GIM that you crawled out of. It's obvious you know nothing of trading or investing, but regurgitate the drivel you hear from the talking heads. "Charts from the lunatic fringe" was a great place until you showed up. Go waste someone else's time.
Deep post is deep. What precisely am I ignorant of jelly belly? You realize when you ignore someone's arguments and choose instead to insult the individual making the arguments...you make a rather weak case. Right? Rather than sniping, perhaps you could take it upon yourself to inform me...so I can be as wise as yourself...oh great high fructose corn syrup candy god. Nobody's trying to say you can't continue to worship your fiat gods...but perhaps you could enlighten us less fortunate individuals?

BTW jellybean there's this function called "ignore". All you have to do is press it and you needn't read any of my posts ever again. Yeah, I know you were ignorant of how it works. Rather ironic given your choice of insults eh?
 

solarion

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That only makes sense if the ETF/P/V maintains independent audits and proper communication while changing the prospectus. The custodian of SLV does neither of these things.

Certainly there are some reckless individuals that don't care to ensure that they send fiat to entities that have a proven track record of trustworthy accounting, but the majority of folk with a lick of common sense won't invest with an outfit that doesn't follow industry standard accounting or communication guidelines.
 

Lancers32

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Unless you are buying physical all of this paper is just paper. You are being delusional if you think you can beat the guy who owns the ball the court and everything else.
 

solarion

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I only buy physical. ...and yeah physical is the achilles heel of the "all powerful" market riggers. ...all EIGHT of them...although slaughtering just the big FOUR would cause a collapse of their commodity rigging paper price scam.

I stack physical Ag, Pt, and Au in that order. Guess which commodities these crooks short the most with their paper scams while stacking physical?

1613578587346.png
 

gringott

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Read an article about George Clooney. Yeah I know. Considered it as being consumed on the toilet.

What I found interesting.

1. Claims he never has had money in stocks or bonds or other financial "instruments". All wealth in cash deposits (or real things like RE). Always. Says markets are casinos without free drinks or hot chicks.

2. Held a party for a group of close friends. Heavy armed security was posted around his compound for the party. When the guests arrived they found a bunch of suitcases in the room. They thought he was planning a surprise trip for all of them. In reality, each suitcase held a million dollars in cash. He insisted everybody take a suitcase. The person relating the story didn't want it, but Clooney insisted, so he took it and gave it to charity. He said he took it because everybody had to or nobody could. He stated it was "life saving" money for some of the group.

Two bizarre things, I wonder why this interview with these statements was put out at this time.
 

Voodoo

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What is wrong with these ultra out of the money call options? Is this all Robinhood traders being very dumb?

Just looking at some GME call options out in July. It's $45 bucks right now so the likely hood of these making money is just slightly above zero. The bid's are all over the place until you get down to the last $800 strike. That has 10,106 OI and 2,866 trades today and a current bid of $1.8. You have to go all the way up to the $300 call which is around $2.25. What in the hell are the $800 call option buyers even looking?
 

jelly

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Another shitposter added to my ignore list. I am thankful to be able to unload the turds like solarion
 

solarion

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Another shitposter added to my ignore list. I am thankful to be able to unload the turds like solarion
Awww...show us where my bashing on your heroic banksters and their scams hurt you little lady...
All the cool kids are playing bitcoin right now apparently
It's a lot cooler than jerking off with paper metal and pretending it's real. ;)

You had plenty of opportunity to correct me where I'm allegedly ignorant. Have a good cry jelly.
 

bemac

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IMHO, silver's next major leg up will be HUGE, it isn't going to a sane price, like $50/oz, no, because this market is not sane and doesn't act like anything even resembling sane. This market is insane, totally insane, straight jackets and padded walls insane. And thus, silver will be going to an insane price.
 

jelly

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IMHO, silver's next major leg up will be HUGE, it isn't going to a sane price, like $50/oz, no, because this market is not sane and doesn't act like anything even resembling sane. This market is insane, totally insane, straight jackets and padded walls insane. And thus, silver will be going to an insane price.
I think you are spot on - this next move in silver is going to be big. My concern is wether we go down first before we do a moonshot. Gold looks to be on the verge of an "uh-oh" moment, currently testing support. If it tumbles, I expect silver to go with it.
 

bemac

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BTC hodlers don't think they're playing in a bubble, mostly because most of them aren't old enough to have lived through one.

They're like a 15yo boy losing his virginity to a gorgeous swimsuit model, and they'll soon find out they now have gonorrhea.
 

Lancers32

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It's now above phsycological resistance of $50K. I think we have clear skies ahead for now atleast.
It's just gambling though. Pure speculation.
I think trying to find a bottom in Gold and Silver now is pure speculation. Blue Skies for the $hitcoin now. You had to figure half a hundred would provide at least some short term resistance but no just built cause for a week well above the previous high. At some point soon Gold and Silver bottom and fly. Whether they perform better than Bitcoin I don't know but it is the fastest horse.
 

Lancers32

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BTC hodlers don't think they're playing in a bubble, mostly because most of them aren't old enough to have lived through one.

They're like a 15yo boy losing his virginity to a gorgeous swimsuit model, and they'll soon find out they now have gonorrhea.

Actually the big players are plenty old enough to have seen it all. But the pessimism is good. Like to see it.
 

Zed

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The custodian of SLV does neither of these things.
You seem to mix up the the responsibilities of the parties in SLV. The fund is run by the BlackRock owned outfit iShares, they update the prospectus and manage the fund. The custodian (JPM) vaults the metal, holds it securely and no doubt insures it... that is all. As a custodian they have nothing to do with the running of the fund. JPM are simply selling a service to BlackRock.

JPM is also an "authorized participant" which simply means they can exchange metal for shares and shares for metal. There is not leverage in that deal and why anyone thinks that BlackRock would be giving out SLV stock in return for "nothing" is beyond me. There is no possible incentive to do that! It achieves NOTHING. SLV is a price taker, the futures market is the price setter. The futures market is where anyone wanting to swing price needs to operate and we have years of history showing us that is what happens.

Awww...show us where my bashing on your heroic banksters and their scams hurt you little lady...
Actually you do fuck up any newbies that swallow what you say. Well over a decade ago myself and others here where saying use SLV and it's options market to insure your physical metal when things get frothy. Anyone who did that effectively on the first run to $48 would have ended up with virtually free metal in their hands. They would have slept @ night and piled their stash higher. If they made a habit of it over the last 15 years then they would be something like 4 to 5 time better off, easy. SLV is still here, it is still trading and it is still listing the bars it holds. Guy's like you have not got any proof that they are not real, basically you just rant.

Now SLV has come out and said we may need to become a closed end fund for a period of time if the supply of silver dries up. They are warning that this is possible WHICH is exactly what the stackers want to see. Why you would go off your head about that is a mystery to me! They (BlackRock) are being as open as they can be about that fact and well before it has happened. Instead of being happy that the market for what you own is getting tight, in no small part due to things like SLV, you are spitting chips about them. It's not really helping anyone.

To anyone reading just use your head, if SLV wasn't backed by metal then why on earth would they say ANYTHING about difficulty sourcing metal? Also why on earth would BlackRock exchange newly issued SLV shares for nothing instead of "a basket of silver". What is in it for them to give any of the authorized participants a break on that front?

The only potential scam is JPM as the custodian saying that JPM as an "authorized participant" deposited metal when in fact they didn't. Now I for one don't believe that BlackRock would be asleep at the wheel on that front. I think that BlackRock would audit the metal routinely. They must know that other "authorized participants" will buy SLV and redeem metal on behalf of industrial clients if push ever came to shove for supply. If that metal isn't there then it would result in some major legal actions being taken.

Sorry, I just don't see BlackRock handing out free unbacked shares that an "authorized participant" can redeemed for metal! They are simply just not that stupid and WHY would they be, for what reward? Picking on silverbugs? Give me a freakin break.

Paranoid or what?
 
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Zed

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Looking at the gold options and there is a bunch of puts @ 1750... with some call activity above to say 1765. Expiry is 23/02 in five days, next Tuesday. I'm gonna guess that we are down around there by then and that is our near term low.

Pure speculation "off course"!
 

Zed

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Jodster

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IMHO, silver's next major leg up will be HUGE, it isn't going to a sane price, like $50/oz, no, because this market is not sane and doesn't act like anything even resembling sane. This market is insane, totally insane, straight jackets and padded walls insane. And thus, silver will be going to an insane price.
There’s no goddamn way you can make a statement like that, and not give a price prediction !!
I won’t be able to sleep tonight. . .
 

Zed

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There’s no goddamn way you can make a statement like that, and not give a price prediction !!
I won’t be able to sleep tonight. . .
$199.00
 

Zed

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Zed

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Zed

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