https://www.youtube.com/watch?feature=player_detailpage&v=5bZgNuJHxAI Elijah Johnson talking with Brotherjohnf Talks about arbitrage at about 6:20 A good interview.
how exactly is this prediction right? silver is currently 17.62 USD if you think that is reliable you must drive a holden
Of course he did double down on US$17.90 ( that's if you believe what he says). He would have had a margin call on $17.58 as silver went considerably above that. No doubt he has now covered any loss. All these knee jerk reactions that silver is in a bull market because it sits for week around or above the $23 mark. Last time it was in that territory was in March 2014 from memory. Then got smacked down in less than 2 weeks back to further low sessions ever since. Also, I'm expecting the Friday night smack downs to be change back to Monday / Tuesday smack downs again as it has done in the past. Either way. PMs are still damn cheap and the real bull market will really kick in after the next crash. As for now, watch the ride and watch those sell on the small gains that occur every so often. Bullion is doing exactly what it should do, it's holding ground in a deflationary environment.
"it's holding ground in a deflationary environment" 1st thing you have said in this thread that I agree with. basically the problem I and others have with leon is his bs calls and claims to be putting his money where his mouth is. he doesn't because he would be broke by now with the bad calls he has made. me personally I am neither bull nor bear, I like to see silver as my alternative bank account and see steady growth as more positive than sharp sudden prices increases. I can also live with some loss in price especially when I see other people losing far more in stock/bank/real estate losses if silver ever shot to $40 I would be one of the 1st to offload 90% of my holdings and paying down my debts
Fantastic post. I feel very similar. But im making good money on property and stock market. And almost completely debt free too. But yes PM is a fantastic alternate bank account as you said. If silver shot to $40 I think it would have more in it and although I might let some go I would likely hold some too. But I hope by then to be set up in life and debt free anyway so different kettle of fish entirely I guess.
Leon's quote " all weak hands have to be shaken out " True with US Silver spot price currently at $17.28 . So far that's true...Will it go under $17 US...If so, I suspect Leon will be back.
Covered half of my SILVER short position @17.23 US, which was initiated @17.90 US as a double-down. LOL Still keep the rest half, looking forward to below 17; hopefully.
I think your wish may come true Leon...I'm expecting it to go down to $17 US and a tad under with another smack down next week Monday / Tuesday as Friday has becomes too obvious with the fix. Besides the Chinese do their best work when you guys are fast asleep each Monday afternoon ( Australian Time ) HAHA.
I placed a stop on the rest half of my short position, @17.60 US. Higher than that, I am OUT. Let's see what will happen.
But it takes a poor ADP employment number weighing on the US dollar to come out to claim to have put a stop in 15 minutes later when silver spiked.....riiiight. This should continue to put pressure on the dollar leading into the payroll numbers. If the payroll numbers follow the poor ADP numbers, you should be curb-stomped in less than 48 hrs
Gold and Silver are approaching some support lines; I have to put some stop to protect the profits. Better late than never :lol:
As predicted the Monday / Tuesday smack down occurred. Plenty of hands shaken out again. Interesting that so many have no sense of what is occurring around them, as a fix is a fix and remains a fix. Till that is broken expect much the same for the time being. As for those in the industry that call huge gains in precious metals lately that's signals the opposite. Wait to precious metals to be shaken out and blood is in the streets, those who were holding will have by then liquidated and its too late as then PMs will surge. LEON NAILS IT ONCE AGAIN...Keep posting Leon....I love it that you piss off so many, because people hate those who are often right HAHA....
So many of Leon's detractors end up feeling like this after many of his calls. :lol: [imgz=http://forums.silverstackers.com/uploads/9345_egg-on-face.jpg][/imgz] $17.00 US
