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<p>[QUOTE=&quot;qsilver007, post: 1515134, member: 34667&quot;]From a wall street perspective q silver august 20th</p><p><br /></p><p>since the original post last week a few things have changed:</p><p><br /></p><p>Gold: Not much price wise, it has been and will contiue to be in its own world as it is still the currency of choice</p><p>option vol still not getting off the mat with short dated 10 day stuff at 11-12 vol</p><p>one month stuff around 13 vol still way cheap historically</p><p><br /></p><p>silver:&nbsp; Today we fianlly broke thru the 28.33 level, vol may have bottomed at 19 on friday as it looks like many option players were in slv options not the futures, we do every type know to man in many different countries, at the eruopenan close silver was knocking on that ceiling level of 28.33, finallypunched it thru (it only took 110.00 up move in platinum to get somebody to buy).&nbsp; 27.76 will now become key support and the &quot;higher powere will try to push it back down.</p><p><br /></p><p>As stated last week platinum was way too low at 230 discount to gold ie 1390.&nbsp; I like it still but in a market run by machines 100.00 in three days one must take.&nbsp; The silver gold ratio is slowly continuing to bottom at 58:1.</p><p><br /></p><p>Those who watch every tick may have noticed that over the past 3 days platinum is up 100 plus dollars vols have spike from 17 to 26 surprise surprise</p><p>machines (algos) got smoked!!!!!! One for the good guys (the thinkers, the qualitative traders, the coin investors, the physiscal guys)</p><p><br /></p><p>algos had large long gold short silver and paltinum positions which they are covering out of now</p><p><br /></p><p>nerves:&nbsp; You have to have a decent bank roll and large kahones to be long the stock market up here</p><p><br /></p><p>much talk as we hear about silver and gold being bubbles i hate to sound like a broken record, but they have thousand of years of time on there side</p><p><br /></p><p>if.......i&#039;ll say when the stock market has a severe nose dive very soon, that will be the true test for gold silver and platinum, will they be able to have steady dasy with the sp down 30-40 points, its coming withing the next ten days, there are simply too many longs in the stock market and vol (the vix is too low) europe is not fixed, the us is not fixed, now that people are aware of the ongoing problems in za, those are not going away either, the unions down there are literally fighting and killing each other to work</p><p><br /></p><p>with plat at this low of a price production is being cut, we will look back on these dasy in a year and say remeber when pl was 1390, remember when silver was 27</p><p><br /></p><p>i never thought id say this but the lastthing that needs to push up to complete the pm up move si gold need to close above or in the 1633 to 1641 area and hold, silver needs to hold lets just say 28.40 and platinum need to keep within 150 of gold</p><p><br /></p><p>the wildcard is copper.............with brent at 113 and all the pm&#039;s pushing upper bounds of there rranges copper at 3.38 is absurdly low............i know the economy sucks balah blah blah but if apple can be an all time best stock market cap ever 3.38 copper is a steal.................</p><p><br /></p><p>The intriguing thing is you have had this push comes to metals last, when they have been the leaders for years...........</p><p>Silver closed 2011 at 27.91..............its only up 2% after todays move.......................the sp 500 is up 13 %</p><p><br /></p><p>i dont talk about things unless i am doing them</p><p><br /></p><p>pl worked if you did it too take your 100 bucks and wait</p><p><br /></p><p>silver i have to say i wstill own calls as they are rediculously cheap slightly upside 7 week calls cost you 75 cents, we all know when silver get going 75 can happen in minuted much less seven weeks</p><p><br /></p><p>as for the comex stocks and slv and gld</p><p><br /></p><p>yes if a multi billion dollar fund or individual wanted to challenge the&nbsp; comex they could do it in theory, i dont think the comex would let there stocks go to zero</p><p>they would think of some crafty way to limit position exercises</p><p><br /></p><p>also i have exercised before and had the bar delivered to chicago its cost about 200.00 plus about 12-24 hours of bs paperwork</p><p>but the 200.00 is a tiny premium to pay ofr 5000 oz</p><p><br /></p><p>the majority, 96% of futures to be excact are not exercised, id love to see somebody challenge the comex and buy 2 bill os silver and have the stocks sheet say zero one day..........may happen...............likelyhood ...................very small.........</p><p><br /></p><p>You want something with low stocks....................check the comex for paltinum stocks....................... Only need about 75 million to clear that out, now that is doable by many individuals</p><p><br /></p><p>kinda rambling anyway there is my monday report</p><p><br /></p><p>synopsis:</p><p>Pm&#039;s are pushing up, but they need to hold most of these gains to get more peopl involved</p><p><br /></p><p>if you know about options, i cant stress this enough vol is rediuculously cheap, buying calls gives you a lot more power than buying american silver eagles at 8.00 over no offensive to the ase</p><p><br /></p><p>also slv and gld are fully backed by physical metal....................if you read the fine print this portfolio may include items that replicate the performance of physical metal................... Ie they buy futures...........................if the comex has what they say tey do and slv has what they say they do in white metal then there is a major shortage.............they will never admit it because it the same guys playing the same game</p><p><br /></p><p>fyi only</p><p>happy trade go pm&#039;s</p><p><br /></p><p>and for disclosure for those who wonder about my physical holdings i just bought 1000 panama 1/2 balboas, and 30 1960&#039;s canadian proof sets, and my wife got me a 10 oz lunar dragon from down unda</p><p><br /></p><p>best wishes.</p><p>Sincerely</p><p>qsilver007[/QUOTE]</p><p><br /></p>

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