(found 12 matches)
(Includes long and short, average volume > 25k. ETFs included.)
No. Ticker Industry 2-week Return
1 GPL Silver 56.16
2 CDE Silver 28.15
3 AG Silver 22.44
4 SLW Silver 20.86
5 EXK Silver 20.77
6 SSRI Silver 14.52
7 SIL Silver 14.43
8 PAAS Silver 13.71
9 SVM Silver 13.54
10 MVG Silver 7.53
11 HL Silver 2.50
12 MGN Silver 1.71
The above are the returns of silver stocks listed in The PPT, over the past two weeks! Unlike Senator Cement Head, who was saying to sell silver near recent lows and shit, I am suggesting to take profits and let the proceeds sit in cash. This, as you know, is conservative and responsible money management. Frankly, some of us are cut out for the job, others are better off sticking to dogmas.
Good day.
If you enjoy the content at iBankCoin, please follow us on Twitter
Mr. Fly
You raise a good point (not that you care), although the long-term uptrend is currently strong on a 10 week trading band the slv etf is 108.7% overbought. Either Silver will stay around the price it is for awhile and the mean will rise or it will drop in price and regress to the mean. Either way it is an inefficient use of capital. Awesome post.
It is not nice to “kick me” while I am in DC doing the peoples business.
lol…When Jake is done doing his 10 pushup reps, I can’t wait to see his response.
If you are up 56% in 2 weeks and don’t take some off (at least half) I just don’t know.
I’m not sure Jake is still doing his push-ups. He’s been so quiet about it lately. I’m about to do Day 2 of Week 2 myself.
I started on week 3. Not bragging. Probably could have started at week 4. I’m telling you, I’m built for doing push ups. I did day two of week 4 tonight.
Even after that crazy huge meal?
Hell no, before we left, lol.
I’m up in Newport News but sounds like well worth a trip for such exquisite fare. Thanks for the post.
All hedged, my SLV vertical perches comfortably. Fly, if you feel like lifting the clouds over CAT’s dip, that’s okay by us ants down he’e. Nah, he’e, whatchya whatdaya from the plantation penthouse turret. Obrigado.
I have yet to understand a single post of yours.
Agreed….can’t crack the code. Must be too much Libyan opium…..the only way to sleep off the shell shock.
Your mom’s thong ruined my whites. Bastid.
I give that post a solid “Huh?”
I’ve ridden since around $ 26 on SLV. Been in and out. Last trades a vertical, I think it’s heavy as Sir Fly posts. As for my cryptic logic…, I’m ol’ skewl.
Fly, you are absolutely right here.
Reminds me of the story of the guy who met a very wealthy trader. And said “What’s your secret? How did you get so rich?” And the guy says “By selling too soon.” The point being that when a sector is as overbought as silver is, if you hang on, it might skyroket, yes. But on the average, the very overstretched sector will tend to fall. And over the long run, one has to play the probabilities. Winning once or twice in sectors that go parabolic will not make up for stubbornly refusing to sell overstretched sectors which, 95% of the time, end up cliff diving. The risk needs to be worth the reward, on average.
The money is made in the sitting, not the thinking.
For buy and holder investors in bull markets, yes. Fly is a trader. And for investors, it is not always so easy to tell when a bull market has ended. What if you did your sitting after buying gold in October 1987 and then you died in November of 2000? Sttting wasn’t such a good idea for that investor.
It isn’t October 1987. Unless you think the 10-year bull market in gold ended today, you are better off sitting tight.
I should also remark that I’ve been reading the Fly for years, and I’ve heard him refer to himself as a lot of things, but “a responsible and conservative money manager” is not one of them.
When I look around people are spending money… they are back to taking vactions and trips to malls…..
Has anyone been in gamestop lately? first time for me was the other day, and they were packed. I understand why that stock has been so hot over the years…
The dollar is the disease. Silver is just the symptom.
Unless you think the dollar is going higher tomorrow, you should not be selling any hard assets.
There is a new (asshole) sheriff in Hollywood and his name is Sheen. No more Mel Gibson or Christian Bale.
http://www.youtube.com/watch?v=2MXpIaY-P9U
Sigh. The above is just sour grapes for want of a better explanation.
Its not rocket science, folks. You know what I’ve been in since I started here and its been nothing but net.
Here’s the dirty secret the tradebots don’t want you to know: patience trumps frenetic sweat-balmed trading in a clear bull environment.
At least we won’t have to hear anything more about “speed chopping carrots” etc.
That is done.
____
Prison Pussy Wood– I will deal with you in good time. Most likely in a future round of the Tourney.
____
Nothing wrong with taking some profits and playing with the houses money, though. Can you freaking believe it, playing with the houses money. It’s been a long time coming and a lot of sweat and tears, but I lost so much money back in ’07 and now….Gawd, I’m so glad I stuck around and kept at it.
My grapes taste mighty sweet, having pinpointed my destruction of you for the 4th time. I am becoming quite efficient at this.
Rd 5 coming up. OPEN.
I look forward to it…
As a Buffalo fan, team JG!
And you are 100% sure it isn’t because …
That was a question about the dollar, to Goldbugvariations
What I’m saying is that the price of silver is going to be driven entirely by the action in the dollar.
The only reason to sell silver is if you think the dollar is about to rebound, NOT because “silver has gone up too much”.
And if you think the dollar is about to rally, you should sell your whole port, not just silver.
Eggzactly!
Something better than a pig pickin.
http://www.youtube.com:80/watch?v=memp62N0yr8&feature=related
Schlumberger flys a guy to Calgary every spring for an awesome crawfish boil party. Lot’s of fun! The guy has his own plane, and staff that flies around the world year round hosting Schlumberger crawfish boil parties for O&G folks.
(laughter) spawning a boredom feud? Hatfield and McCoy style…
You guys might not have seen this… unless you follow me on twitter. AHEM! Regarding the silver conspiracy.
http://opinionator.blogs.nytimes.com/2011/03/02/a-conspiracy-with-a-silver-lining/?hp
-DT
A close above 13 gets me long BORN
Fly if the dollar breaks down do you think the metals will rally or will it have a muted effect? And, any thoughts on what the dollar will do here?
I think at this point the metals are being buoyed by the Middle East and skyrocketing oil prices. Should things calm considerably, a la Egypt, you’ll see oil and PM’s plunge. That’s really what’s keeping them going straight up.
Thanks for your opinion.
Please be sure to stop by and comment again.
____
Go BORN!
GO
Well we have heavy, heavy longs in Euro going into the ECB meeting, the start of the China Govt Pow Wow part one all happening tomorrow and NFP on Friday with Part Two of China Govt Master Plan on the weekend….If Jean Claude is not hawkish enough, China decides to be more proactive in inflation or NFP follows more the Challenger Report (imho not so great at all) vs ADP we could have one wild ride….we will see.
Fwiw, gossip is that China is going to up RRR again. Weakness at the end of the day in the Shanghai Comp is being blamed about the “leak”/rumor
BORN trading 7x eps, growing 25%+. A joke.
Stock is worth $25 minimum.
Le Fly may win a silver battle ou deux, but Jake will win The Silver War. 8)
It’s win win around here. 😉
Ag stocks, SOL and PWER lokking good this morning!
LMLP
“prison pussy wood”. Too funny. I am going to use that on someone today fo sho.
Silver is nearly at all time high against gold. My money is on shorting silver and long gold for the spread to widen.
Silver Update
http://www.gotgoldreport.com/2011/02/got-gold-report-silver-shortage-in-full-bloom.html
Historic silver/gold ratios mean less when there is a supply/demand problem in one of them. There is lots of gold to be bought compared to silver right now. I’m talking physical silver (not paper SLV silver). My money is on long gold, and longer silver (the spread to narrow a lot further in the coming months).
Here’s a good site for staying up to date on the physical delivery. Good commentary from this guy.
http://harveyorgan.blogspot.com/
http://totalinvestor.blogspot.com/2011/02/eric-sprott-on-silver-bull-market-and.html