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Started By
Message
re: Anyone buying SLV?
Posted on 5/16/14 at 8:53 am to Iowa Golfer
Posted on 5/16/14 at 8:53 am to Iowa Golfer
Congrats on the purchase hope the overnight drop reverses itself for you.
Did you ever dump that Nigerian turd you were pumping a few weeks back?
Did you ever dump that Nigerian turd you were pumping a few weeks back?
1
Posted on 5/16/14 at 9:03 am to cave canem
I'm buying more today. CAK? I'm holding at least until Oct and/or Jan.
Check back later, we'll see if I made money.
Check back later, we'll see if I made money.
Posted on 5/16/14 at 10:33 am to Iowa Golfer
I wish you the best and hope you make a pile on your silver as I should do ok myself I'm just not buying as much a month right now. I have no doubt you will make money on your silver. If you wanted to spend the money on silver why buy eagles though? You could have gotten 200 free ounces by buying 100 oz. bars with the price difference. I'm sure you have a good reason but unless you plan on selling individually on e-bay or hoping they become collectable the commission is going to kill your bottom line.
Posted on 5/16/14 at 10:44 am to cave canem
I buy some eagles, but mostly generic bullion.
My average cost in silver that I hold is probably between $8-$10 per oz. I think I've done ok.
One time on here someone asked, a banker I think, making fun of me about how my returns were compared to the stock market.
All sorts of bar charts on the web where you can compare the S&P to silver. For purposes of reality, why don't they start at when silver was $6 per oz, which is when I started buying it.
Then use their banker logic and explain to me about the Fed, and everything little pig farmers in Iowa don't understand.
My average cost in silver that I hold is probably between $8-$10 per oz. I think I've done ok.
One time on here someone asked, a banker I think, making fun of me about how my returns were compared to the stock market.
All sorts of bar charts on the web where you can compare the S&P to silver. For purposes of reality, why don't they start at when silver was $6 per oz, which is when I started buying it.
Then use their banker logic and explain to me about the Fed, and everything little pig farmers in Iowa don't understand.
Posted on 5/16/14 at 11:23 am to Iowa Golfer
On that i agree 100%, I still have a bit bought below 5.00$. I sold most of it a few years ago and am slowly building back up for another run. In all truth there is no need to wait too long as the price will blow back past 30 soon enough. It is just the cheapskate in me that is holding out for lower prices. My plan is to repurchase the same dollar amount that I sold for at 48.00$ as low as I can. The next run should be the one to watch though. I just don't think we have bottomed out yet, I believe we will be at @ 17.00 by the end of the year if the economy holds which means a lot more silver for the money. Whenever this stock bubble pops get ready to hold on and enjoy your ride as spot prices will set new records in my opinion.
Posted on 5/16/14 at 4:50 pm to cave canem
Posted on 5/30/14 at 11:32 am to Iowa Golfer
For those of us like me that think SLV is a buy under $18.50, today should be buy, buy, buy now that it's under $18.
I got greedy earlier this month and lost half my gains made in a couple days. I'm jumping back in. Got in a little early today at $18.11.
I got greedy earlier this month and lost half my gains made in a couple days. I'm jumping back in. Got in a little early today at $18.11.
Posted on 5/30/14 at 1:38 pm to ynlvr
Long calls are actually up today. Yes, I think $17.99 SLV will make money. Probably within 90 days, but eventually it will be a profitable trade. Silver is higher than most miners all in costs right now. It is a sure thing, just not sure when and how large of a profit there will be. Miners will just shut down mines. Happens a lot in the silver game.
It makes SLW a very interesting long term play also. Decent yield, and decent book value and tangible book value.
It makes SLW a very interesting long term play also. Decent yield, and decent book value and tangible book value.
Posted on 5/30/14 at 1:43 pm to Iowa Golfer
I sold $20 puts for $1.28. If SLW gets put to me I pay $18.72 to own it. At this price I'm getting a dividend of 5%.
Posted on 5/30/14 at 3:36 pm to Iowa Golfer
quote:
I sold $20 puts for $1.28. If SLW gets put to me I pay $18.72 to own it. At this price I'm getting a dividend of 5%.
Nice trade
Posted on 6/1/14 at 10:39 pm to Iowa Golfer
You will be able to buy all you want cheaper than that over the next few weeks, I am pretty sure this slide is going to continue a bit. We will see a uptick here or there but the overall downward trend will march on. Unless we get some horrible economic news or a huge market correction silver still has a few more dollars to shed. Now is not a horrible time to buy silver but it is a pretty shitty time to buy SLV unless you plan on holding a while.
Posted on 6/1/14 at 11:24 pm to cave canem
I am hearing that silver is going to go down to around $16.50/oz
Posted on 6/1/14 at 11:26 pm to Reubaltaich
quote:I will buy a few hundred ounces of physical if so
I am hearing that silver is going to go down to around $16.50/oz
This post was edited on 6/1/14 at 11:27 pm
Posted on 6/1/14 at 11:39 pm to TigerTatorTots
No shite at $16.50 I would pile it up as well. That number may be correct if the gov. can prop the economy up long enough though. If the fed lets intrest rates ease up a bit the bottom could drop out from under silver for a while.
Posted on 6/1/14 at 11:47 pm to cave canem
I hear ya. I have been on the side-line in regards to PMs for some time now.
Once silver breaks $17/oz, I am in.
Once silver breaks $17/oz, I am in.
Posted on 6/2/14 at 8:41 pm to Reubaltaich
I laddered up a synthetic long on SLV starting with August expiry through 1/2016 expiry. BTO $18 calls, and STO $19 Puts for a net credit.
Should be fun. Should be profitable.
Should be fun. Should be profitable.
Posted on 6/5/14 at 7:31 am to Iowa Golfer
Iron Condor for July. And for a net credit. LULZ.
Posted on 6/5/14 at 9:04 am to Iowa Golfer
Easy ca chingers today.
Posted on 6/5/14 at 9:37 am to Iowa Golfer
You bailing today?
This post was edited on 6/5/14 at 9:38 am
Posted on 6/5/14 at 10:08 am to cave canem
On the options trades. I'm up over 20% in two days. paper is paper, so I'm trading paper for paper dollars.
It was really an easy trade. Not often does it happen this easily, but SLV options become disconnected from reality a lot, so I track this one, and take sucker's money on a regular basis.
It was really an easy trade. Not often does it happen this easily, but SLV options become disconnected from reality a lot, so I track this one, and take sucker's money on a regular basis.
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