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AR44815

AR44815
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  • Bottom Is Not Yet In For Silver [View article]
    I usually don’t respond to articles that are this visibly biased. But I just can’t resist making a couple of basic points:
    1. Shearer claims that rising stockpiles will cause the silver price to go down. I read that last week there was something like 10 Moz that did not get delivered to SLV due to lack of supply. There is a lot of evidence that there is a shortage of physical. No shortage of paper silver though.
    2. “With recent cuts to food stamps and other programs….” I swear I almost spit up on reading this. Exactly what world is this juvenile living in? If you just consider the increase in disability insurance, the number of ‘supplementals’ is growing fast.
    3. “….and our politicians have no interest in increasing the deficit.” This time I was prepared and didn’t coat my computer screen with goo. Yeah right, and the junky down the street has no interest in his next score. There is just nothing else to say about this other than to wonder what kind of dissolution would cause someone to actually think this. (Assuming Shearer isn’t lying)
    4. The greatest omission is his failure to mention how the paper price of silver has been beaten down by deep pocket market manipulators like JPM. Shearer’s piece pretends to be an analytical evaluation of basic market conditions that would drive the silver price. You cannot have an HONEST discussion about basic market conditions without raising the issue of market manipulators that have had an illegal effect upon this market.
    Aug 28 12:37 PM | 3 Likes Like |Link to Comment
  • Will The Fed Spike The Gold And Silver Rally? [View article]
    This dynamic could very well present a 1-week trade flip for SLV/PSLV. In other words: sell this week just prior to the meeting at the hole. Wait for the flash increase in Dow and $ and the correlated decline in commodities. Then next week just before reality reasserts itself buy ETF silver again. ha ha.
    Aug 20 09:19 AM | 1 Like Like |Link to Comment
  • Fed Meeting Did Not End Gold Bull Market [View article]
    The FED claims that employment is the reason for controlling QE. IT IS NOT!!
    Just like a market that oscillates between greed and fear; the FED fluctuates between the fear that interest rates will begin to climb without their ability to control; and the greed that all it takes is more QE to keep their game going.
    Jun 25 11:25 AM | 1 Like Like |Link to Comment
  • The Paradigm Shift Has Begun - This Isn't Going To Be Pretty [View article]
    My first thought on SDRs or some derivative as the new world’s reserve currency is who will set the rates? A controlled FOREX will create a black market FOREX.
    Can we not agree that every time central planning is applied to a market it ends badly?
    Jun 14 11:45 AM | 1 Like Like |Link to Comment
  • The Paradigm Shift Has Begun - This Isn't Going To Be Pretty [View article]
    Then I shall educate you. (See the following link: http://1.usa.gov/11z6ELZ)
    The CBO did an estimate based on the following question: ““How would higher-than-expected interest rates affect federal budget deficits over the next decade?”
    Taking their second scenario which assumes that… (Interest rates rise to their average levels over the 1981-1990 period). They came to the following conclusion:

    “The budgetary effects of those alternative interest rate paths would be minimal in 2013 but substantial over the coming decade. Relative to CBO’s baseline projections, interest payments between 2014 and 2023 would be… $6.3 trillion higher under scenario 2.”

    So, OK based on this CBO data you are technically correct; the number is 63% of a trillion$/year.
    However, I dispute that when the rates start their increase they will only rise to the ‘average’ of the 1980’s. It will be considerably more. In addition, this CBO estimate is the amount of INCREASE, and not total deficit as you referred to. The actual deficit will be several T in size when the rates begin to inflate.
    Jun 12 10:35 AM | 1 Like Like |Link to Comment
  • The Paradigm Shift Has Begun - This Isn't Going To Be Pretty [View article]
    The problem with 'rising' interest rates is that it will reveal the financial house of cards that we are all in. My premise is that once the rates start to rise it won't be a gradual thing. What will be the impacts of adding 1+ Trillion dollars to the deficit due to a slight rise in rates?
    Once this interest rate cycle gets started it will pull the plug on the FED/bank/government cabal.
    Jun 11 11:23 AM | 7 Likes Like |Link to Comment
  • Silver Has A Hidden Factor With Serious Implications [View article]
    Antonio, I appreciate your article, thank you. I do have a question (not an argument) on this topic.
    You said: “When stock traders sold SLV or GLD shares faster than silver or gold were being sold, its custodians had to buy those excess shares offered. They raised the necessary cash to buy back shares by selling some of their physical bullion held in trust for its shareholders.”
    I have read the SLV prospectus and don’t recall any statement to this effect. My question is, when stock is sold by a non-ETF company, once it goes on the market the issuing company has no more to do with it. Until there is a stock repurchasing program in the open market in an attempt to reduce shares and raise prices. If your statement above is true, is that due to the rules regulating ETFs? How is SLV different than XON or AAPL?
    Jun 4 03:58 PM | Likes Like |Link to Comment
  • Gold Coin Sales Spike To 3-Year High, Silver Sales Continue At Record Pace [View article]
    Yes, hyping coin sales is....well.. hype.
    The author identifies the selling of ETFs as the primary recent cause for much of the price decline. The PM physical bugs will say that the price support for physical vs. ETFs is divergent. I don't agree. In hindsight, I think the 2013 drop in Gold ETF holdings can only be called a bubble.
    Here is what I believe:
    1. The price between physical and ETFs won't diverge more than 10%. (i.e. there won't be a crash in ETFs while physical goes up).
    2. Eventually sanity will reign and $ printing will cause all commodities to rise, especially PMs. When this happens ETFs will attract a lot of new money. For the same reason that they did in the first place: its easy to buy SLV & PSLV and difficult to buy large volumn of ASEs.
    May 6 04:24 PM | Likes Like |Link to Comment
  • Don't Fret Over The Shrinking PSLV Premium [View article]
    As much as I want to like this ETF, on principle, I just can't. I have recently traded all my PSLV into SLV. Here's why: Sprott makes an offering and the "premium" (i.e. relative price between Ag & SLV) goes down.
    Between Friday of last week and yesterday the price of Ag goes up significantly! SLV goes up too, 3% from close to close. But what does PSLV do? It goes up a full percent less. it's 'premium' is reduced again. Just in the last couple of days I have 1% more in value owning SLV.
    It seems that whatever Sprott does the PSLV price reacts negatively compared to the market. What concerns me about PSLV is that it has only been on the market for a little over 2 years. The initial premium seemed to be based more upon initial hype than the assumed fundamentals.
    You can call the difference in price between the silver open market and the share price a 'premium.' But I think this is misleading as a premium implies action in both the positive and negative direction. When Sprott buys silver, or the market moves significantly in either direction the PSLV premium goes more negative.
    I'm left with the question, "what will cause the premium" to go up?
    Nov 20 04:22 PM | 2 Likes Like |Link to Comment
  • The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
    Oooohhhh sounds like a deal! Where can I send you my money?
    Nov 12 09:40 AM | Likes Like |Link to Comment
  • The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
    Characterizing a one-year timeline as 'day trading' makes about as much sense as pretending that there is a difference between PSLV and SLV in terms of physical ownership.

    (I am bullish in the PMs and especially silver and both own ASEs and 'day-trade' as you say with fiat currency.)

    It's just that the PSLV crowd is starting to sound a little cult like in their in their unsupported belief that PSLV offers some advantage.
    I know that you are going to flame me but after you get your venom out try to answer this basic question.

    "If the price of open market silver has gone up over the last year but the price of PSLV has not kept pace, just where does the difference go?"

    An excellent analysis of the difference between PSLV and SLV & other ETF can be found here: http://bit.ly/PPcJT8
    I'll wait patiently for a factual discussion on any real differences.
    Nov 12 08:39 AM | Likes Like |Link to Comment
  • The Sprott Physical Silver Trust (PSLV) falls 2.6% premarket after announcing yet another secondary offering. If there is a shortage of silver, asks Kid Dynamite, why didn't the price of the metal tick up on the announcement a big player is about to buy several hundred million dollars worth? [View news story]
    Hmmm...
    Curious why no one has mentioned that if one year ago you had bought shares in SLV and the same number of shares in PSLV; you would have 10% more money in your SLV account. I guess that paying 10% of your total investment over the last year is a small price to pay for the 'security' of knowing that your silver is safe and that you are somehow leading the charge in putting a stick up the collective asses of the global silver manipulators. I guess I'm just not cultured enough as I would prefer to have the 10%.

    Just in case you doubt, see the following link.
    http://yhoo.it/TzToUc;range=1y;compare=slv;...
    Nov 9 09:45 PM | 1 Like Like |Link to Comment
  • Silver Is Not The Inflation Hedge You Want Right Now [View article]
    True, that the shorts, JPM et al, desire a low and controlled price in silver. However, I disagree that there are any near term events that will force short covering. The can-kickers rule and will continue to keep the price as low as possible with just enough up-ticks to buy more shorts.
    Sep 10 03:51 PM | Likes Like |Link to Comment
  • 4 Little Known Factors Driving The Price Of Silver [View article]
    …and the one primary factor driving the price of silver is the concentrated short positions held by a few banks. Funny, the author seems to have overlooked this basic fact.
    Aug 22 03:21 PM | Likes Like |Link to Comment
  • Were Gold and Silver Manipulated Alongside LIBOR? [View article]
    …..So what happens to the value of these two precious metals if it is discovered that they truly were manipulated? Prices would LIKELY TAKE A NOSEDIVE until finding what the market feels is a more reasonable level to sustain, but where that bottom lies is nearly impossible to predict…..

    Cummans starts out ok and then takes a left turn out into space. What would you call that? Maybe ‘logic fart’ would apply. He agrees that the price has been manipulated to the low side but then pulls an assumption out of somewhere that when that manipulation ends the prices will….go even lower? How’s that bud? I guess he comes from the school of the more outrageous the claim the less likely to have to defend it. Here, I’ll fix it for you.

    …..So what happens to the value of these two precious metals when it is discovered that their prices were manipulated to the low side? Prices would likely take a significant jump until finding what the market feels is a more reasonable level to sustain. Once the manipulator’s house of cards collapses, the precious metal’s market will attract many new customers…
    Jul 26 04:36 PM | 2 Likes Like |Link to Comment
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19 Comments
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