iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,471 Blog Posts

Ride the Silver Bullet to Prosperity

What if the recent decline in silver was nothing more than a pit stop to higher prices? As most got bitched out of the metal, those with the testicles to step in last week are minting money today. Shares of EXK, AG, PSLV, AGQ etc are sprinting higher. If the stated policy of the Fed is to devalue the dollar and if the euro is retarded, where the fuck will people put their money?

Precious metals seems to be a better than average place to put money.

Having said that, I’m not a gold bug and I generally spit on those who want to buy things with gold bricks. I like paper money because it folds nicely into my wallet. Plus I enjoy folding my money to conform with illuminati conspiracy theories.

Back to stocks:

Refiners and precious metals. That’s all I care about right now.

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31 comments

  1. A Monkey with Funny Gernam Accent
    A Monkey with Funny Gernam Accent

    EXK and SLV.

    Oh yeah, FIRST Muthafuckas!

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  2. chivo

    you use a wallet?

    I thought you were rich? Rich men don’t use wallets! Rubber band that bitch

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  3. A Monkey with Silver Nutsack
    A Monkey with Silver Nutsack

    A little late in the game with this Silver call?

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  4. Fly

    People in the mafia use rubber bands

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    • mike

      …and they’re the ones with money. Incidently, until QE there was only $35,000 cash in the US; Goldman had $28.0 and the mafia had the rest

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  5. JROD

    Fly,

    I dislike your long silver position unless is a very short term trade. It is evident that silver will go down hard in the next month specially since smart money seems to be getting out or worse they are heavily short. Today is a buying opportunity of ZSL and I think this ticker symbol will rock in the months to come with a 60 target from its current trading value of 20. I am buying ZSL all the way down to the low 19?s. I am placing a stop around 16.80.

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    • chivo

      you are a caveman

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      • JROD

        Please elaborate as to why I am a caveman?. I would like some substance around explaining your thoughts on my previous note. Otherwise I would say that you can not articulate a thought and therefore that makes you more caveman than me….

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        • The Fly

          He doesn’t need to explain. You are simply a caveman and need to deal with it.

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        • Jonti's short WNR
          Jonti's short WNR

          Are you another one who’s lost their way from the Yahoo finance boards?

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          • JROD

            OK No problem…We will see who is right on silver. Lets put a timeline in place…I say by end of June Silver will be below 30. Call it a caveman prediction. I will not say more about the matter.

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          • J

            JROD

            Fly hates advice. Don’t give him any and he’ll love you for a while at least .. or until you do something to piss him off again. He hates advice and the sin bin… people being banned… is brimming with dead corpses of those that dared to.

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          • the scam is rigged
            the scam is rigged

            especially money losing advice.

            Hey, I finally learned how to spell “losing”

            Jonti, I mean JROD,
            silver could drop short term, but demand for physical and longer term moneymetal demand fundamentals are unchanged.

            I’m rooting for you, but betting against you

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          • DMG

            I’m guessing you’re a fan of Royskopp?

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          • A Monkey with a Vaporizing Dollar and a Silver Corn Field
            A Monkey with a Vaporizing Dollar and a Silver Corn Field

            Silver will be 50 by the 5th of July, same time the corn gets knee high in these parts.

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  6. Joe

    Fly,

    Do you have a target in mind for silver?

    Thanks.

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  7. ruggyup

    Paper money in the back pocket is nice because it conforms to the shape of your ass. So say several nymphettes around the breakfast table.

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  8. Dr Genius

    Margin clowns havent gotten the message yet. Obama and Bernanke wants crude lower from $100 mark. Therefore, we will probably see a 200-300 pts homo hammer shortly.

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  9. Jakegint

    Your honorary bucket of cement awaits, monsieur!

    ______

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  10. Silver Widow

    You’d better be fast on the trigger my good friend

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  11. Blind Read Ant
    Blind Read Ant

    Banking and Minting, or should I say “Winning.” Too bad M. doesn’t prefer the physical. If there’s one thing I learned from 2011’s CIA Operation N. Africa chaos, it’s look at the leader’s loot. Having PM bricks and cash stacks (flat and bound like novelas) are the choice alternative for any sound and sage dictator or crony underling. Off to the market. Cheerio.

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  12. Growly

    Is it just me, or does there seem to be an unusual number of silver bears posting on all of the blogs here. Are they getting worried?

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    • go2mars

      One thing they all have in common is that they just suddenly appeared to ibc. No history to judge them by (for better or worse).

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  13. chris prewitt is a pimp

    You actually make it seem really easy along with your presentation but I find this topic to be really something that I feel I’d by no means understand. It kind of feels too complicated and very huge for me. I’m looking forward to your subsequent submit, I will attempt to get the grasp of it!

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