Thursday, May 5, 2011

SLV call options for the silver wimps!

$1.04  for the June 41 calls looks to me like a nice leveraged spec on silver, with SLV trading at 35.44. Looks like a cheap spec to play the capitulation sell-off on silver.

The silver bears will soon get unmasked!

10 comments:

  1. why is silver getting hit so hard? you really think it will shoot back up?

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  2. rules were changed! de-leveraging the players by increasing the margin in the futures--therefore proving that the "transitory" commodity inflation that Bernanke talked about--well try and make that appear to be more realistic...

    then look at the market--you'll hear people say that this is 2008 all over again--commodities cracked first and then the whole system blew up

    so you have those believers piling on--look at gold--dumping that now also--Gold hit what $1574--silver corrected 30%--if gold would correct 30% well that $1100--so it's pretty easy to panic folks because in a panic he who panics first wins---

    so they press the panic button!

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  3. nice to have u back mate

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  4. wow..got hit even harder...i bought AG but it's down another $1 and EXK down hard...30% correction already...best to just hold?

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  5. Palmoni,

    Your thoughts on the continued strength of silver into the close would be appreciated.

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  6. Wait til Monday and you'll get those options even cheaper!

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  7. yea, right! Your SLV calls are already down 20% and it is just in one day. Your "advertised" price is 1.04, last trade was 0.77

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