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<p>[QUOTE=&quot;qsilver007, post: 1521448, member: 34667&quot;]FROM A WALL STREET PERSPECTIVE</p><p><br /></p><p>All the talk from Sunday nights Hurricane Isaac has diminished although refiners and drillers in the gulf had and will have the week off the European open highs of Sunday night/Monday morning in Gasoline, Gold and Silver all occurred in the same 60 min candle and should remain interim tops fir this week</p><p><br /></p><p>Option volatility got crushed From Monday morning until this AM, as the machines sold the month 1 vols into the ground in anticipation of a large seller who usually comes in and roolls his options</p><p><br /></p><p>hs presence was not there today so today might have been the near dated option vol low in the PM&#039;s 11ish in Gold and 22ish in Silver</p><p><br /></p><p>Vol shorts are betting Gold will not move 25 dollars in the next month(IE 1660 call or put is ~25 dollars)</p><p><br /></p><p>Vol shorts are betting silver will not move 90 cents in the same duration(IE 30.75p or call is 90 cents)</p><p><br /></p><p>I will leave those opinions to those of you who still read this</p><p><br /></p><p>doesn&#039;t make much sense to me but then again im not a machines</p><p><br /></p><p>No problems have been solves down in ZA, but the same machine that sold plat at 1390 was buying it almost 200 higher and getting long on monday night so they did get burned on that one</p><p><br /></p><p>still no real reason for pl to be so far under gc but thats the world we live in</p><p><br /></p><p>September has historically, and I want to note I am not a huge believer in seasonal patterns, especially in markets which clearly have higher powers in them and markets that dont trade on fundamentals</p><p>any way worth noting that September has historically </p><p><br /></p><p>Machines had the largest open INTEREST EVER in SHORT PLAT two weeks ago, that number has been drastically cut</p><p><br /></p><p>Plat will not be under 1400 again</p><p><br /></p><p>Silver will not be in the 26 again</p><p><br /></p><p>Gold will not see 1530&#039;s for a long long time</p><p><br /></p><p>UNLESS........</p><p><br /></p><p>VERY VERY IMPORTANT IN ONE WEEK FROM NOW THE BOE AND ECB MEET (NEXT THURS)&nbsp; if they do not back up there words of all this money printing pumping etc there is now A LOT of air in many markets there are long spec machines in gold&nbsp; small in silver and a few in plat that have no reason why.................they will use a dramatic sell off in the EU to say that is why gold and silver went down..............doesnt matter why its just how they think</p><p><br /></p><p>If BOE AND ECB come with a TRILLION PLUS number it should awaken those who mised he first little leg and GC should take out 1735 and Silver challende 32.52-33.03 this is HUGE resistance in Silver if you guys recall Silver spent a lotof time in the latter part of last year and early part of this year machines will be buying, but there will be guys who will be trying to get out for even</p><p><br /></p><p>Following week you have the FED.....................YOU CAN QUOTE ME ON THIS.........THEY WILL NOT ANNOUNCE QE............THEY WILL DO NOTHING.................But markets will buy in because they will keep the carrot dangled in front of them with the quotes......</p><p>&quot;We see possible weakness in the economy, it is slowing to a point where we are no longer comfrotable, we will act when neccessary, blah, blah, blah&quot;&nbsp; </p><p><br /></p><p>At this point in the cycle you shoudl see a broad based sell off but with the election coming I am sure that the Fed will think of some more tasty words to use than I to keep the assets prices juiced</p><p><br /></p><p>This is not a scam</p><p><br /></p><p>I am not looking for money</p><p><br /></p><p>and if you think my ideas are true, falsse or none of the above, they probably fall into one of those categories</p><p><br /></p><p>SUMMARY:</p><p><br /></p><p>Years lows have been made</p><p><br /></p><p>Options vols contiue to be excessively cheap</p><p><br /></p><p>PL is a wild animal i took my profits and am out</p><p><br /></p><p>Silver trading only a few calls and a few puts too</p><p><br /></p><p>Gold zero</p><p><br /></p><p>I foyu know about options and have an opinion in gold or silver with the BOE ECB and US FED all in this option cycle vol should not be near a 6 year low you can get paid large on very small bets</p><p><br /></p><p><br /></p><p>PERSONAL BULLION INVESTING..........................Picked up come Canada proof silver sets at about 25.00basis&nbsp; silver, bought a bunch of old aussie sterling florins for 8.25 each, bought some canadian junk silver basis 24.00</p><p><br /></p><p>Best Wishes,</p><p>Have a safe and Happy Labor Day,</p><p>Sincerely</p><p>QSilver[/QUOTE]</p><p><br /></p>

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