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.
Be prepared to short SILVER again
- Thread starter leon1998
- Start date
how exactly is this prediction right?silversearcher said:silversearcher said:
Leon once again is not too far out again with his prediction.Still plenty of time for precious metal to be shaken down again. Besides, those who are long term stackers would love silver and gold being butt kicked by THE FIX ( as this can only last so long )....Leon once again stands corrected so far, as more needs to be shaken out and down. :lol: This reminds me of the times of when I had my favourite financial at hand - Big Stack McGee. When he was buying gold French Roosters big time off APMEX, I would wait for PMs to be slammed down and then buy. As dealers always had a knack of off loading crap before a smack down. Now I have Leon, he's almost as reliable as Big stack
silver is currently 17.62 USDleon1998 said:Here it comes the opportunity, shorted SILVER @US$17.58
if you think that is reliable you must drive a holden
serial said:how exactly is this prediction right?silversearcher said:silversearcher said:
Leon once again is not too far out again with his prediction.
silver is currently 17.62 USDleon1998 said:Here it comes the opportunity, shorted SILVER @US$17.58
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"silversearcher said:serial said:how exactly is this prediction right?silversearcher said:Leon once again is not too far out again with his prediction.
silver is currently 17.62 USDleon1998 said:Here it comes the opportunity, shorted SILVER @US$17.58
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.
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
serial said:
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.
leon1998 said:
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.
Let's see what will happen.
silversearcher said:leon1998 said:
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.
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
You talk more smack than AusPM ever did.
silversearcher said:serial said:how exactly is this prediction right?silversearcher said:Leon once again is not too far out again with his prediction.
silver is currently 17.62 USDleon1998 said:Here it comes the opportunity, shorted SILVER @US$17.58
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.
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....
$16.98 US
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]
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$17.00 US
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$17.00 US