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« The Accumulator Trade 2 Open 07 March 2011 | Main | Silver Wheaton Corporation: Net Earnings US$0.35 per share »

Smile You’re Silver Bug

silver stocks table 05 March 2011.JPG

Silver producers end the week in sparkling form with excellent gains across the board led by the Endeavour Silver Corporation (EXK) with the other quality silver stocks also registering magnificent one day gains.

Silver prices gained $1.30, or 3.8% to close at $35.49 and gold prices also chipped in with a gain of $12.50 or 0.88% to close at $1428.20.

The question now is; are you in position to take full advantage of the charge to much higher price levels? Yes there will always be dips along way that the nimble can utilize, however, the silver train is gathering speed as the supply side is getting tighter and tighter and the demand side is insatiable.

As usual we politely suggest that you acquire physical silver first, followed by a select group of quality silver producers and then if you are in a cavalier mood you, trade a few options.

We leave you with this snippet from King World News:

When asked about silver Embry commented, “Well I mean Eric (Sprott) and I have been looking for this to happen but it’s very simple.  There’s far more demand for silver than there is available supply and the inventory levels around the world have been depleted to very dangerously low levels...Silver stands out because it’s so much more inexpensive and so it’s easy for the little guy to buy.

...It’s the realization that the value of the money that they are being denominated in is being destroyed, and ergo the prices of gold and silver have to go up and if you don’t grasp that concept you’re going to miss this market.” 

PS: Just in case you missed it we have just closed an option play on with an average profit of 96.5% on Silver Wheaton Call Options. Click here to read more.

Many thanks to those of you who have recently signed up for options trading service, its very much appreciated. Please be patient as we have a number of new trades on the drawing board and as you are aware the timing of them is critical to their success.

We now have 65 winners out of 67 options trades, or a 97.00% success rate If you have any questions regarding these trades please address them through their site where they will be handled quickly and I hope efficiently.

sk chart 19 Feb 2011.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

For those readers who are also interested in the nuclear power sector you may want to subscribe to our Free Uranium Stocks Newsletter, just click here.

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Reader Comments (6)

I am smiling because it is a good opportunity to short. Monday or tuesday will be the day.

March 5, 2011 | Unregistered CommenterDi

So, how much have you lost so far?

Just joking, but its hard to imagine that you are making money when silver has made such good gains and you have been betting against it

March 5, 2011 | Unregistered CommenterSilver Prices

If you want to hedge the depreciation of the dollar with precious commodities, I would go long gold rather than silver. Silver is at all time high against Gold. If you are long gold you would have the tailwind at your back rather than facing the headwind.

March 5, 2011 | Unregistered CommenterCarry Trader

No one is dumb enough or solvent enough to keep repeatedly shorting a raging bull market from the low teens. This person isn't really a trader. Commenting on your posts is likely just a form of amusement for "Di.". The comments used to be kinda funny. Now...not so much. Here's the track record in case you're interested. I have taken a morbid interest in cataloging the "predictions." My guess is that Di will love the shorting opp at $50.


This is it! The last high in PMs. I am short both of them, gold and silver. Targeting 22.50 on silver in march or april.

Comment by Di — January 4, 2011 @ 2:54 pm


Silver however is a better short than gold, i will wait for my 18.30 high , to put on a position, maybe on monday.

Comment by Di — May 20, 2010 @ 1:12 pm


i think we still going to see silver at 2.50 before it breaks above 20 bucks

Comment by Di — May 17, 2010 @ 12:56 pm


Author: Di
Web Site:
Message: Hehehe, just put a short on silver today at close. Could be the last high before going to 12

April 30, 2010


That's the stuff of financial genius there.

March 7, 2011 | Unregistered Commenterfallingman

You all that are shorting silver are going to get burned. I would take a look at the chart. I see it at fifty five by June. With silver the moon is the limit.........Hate to see you all lose your hard earned money.

March 8, 2011 | Unregistered CommenterDebora Edholm

Looks parabolic to me. Oil down slightly today, Copper down substantially today, G and S up slightly, Stocks down slightly.

S.'s move up could be an end run to divert money away from G.

If the Stock market tanks, may take silver with it and then the big move to take down G.

Physical is not like paper. Not as worried. When they took S. down from 21. to 9. and change, premiums on S. were from 5. - 6. with not much to be found.

The paper ponzi scheme's worst enemy is physical G. & S. in the hands of the people, who hang on for the ride. It would not surprise me at all to see G. taken down to the 600. - 850. level, in tptb's last ditch effort to save their paper world.

No one in paper P.M.'s will withstand this type onslaught. Only physical in strong hands (or weak minds) can bringdown the house ofcards.

March 9, 2011 | Unregistered CommenterS

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