StellaConcepts $50,000 Trading Challenge - Discussion

BamaGuy said:
I think your posts may be received more favorably when you show some common courtesy
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I'm sorry... I reply "In Kind"

I give meaningful thought out responses backed up with facts on my trading positions & just get attacked. I understand that this is a silver site. I own silver. There's a lot for me to learn here & I feel like I have a little bit to offer.

What I won't do is entertain any beliefs of people who post perma bear,manipilation,comex default,confiscation,to da moon or silly beliefs like that.
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No need to be sorry about expressing your opinion.
Just accept that others have opinions also and just because those opinions don't fit with yours does not mean they have a low IQ.
Many beliefs I found preposterous in the past I now believe in myself and many beliefs I have held have now been rejected by me as preposterous and erroneous.
Being open to the ideas of others, especially those ideas you do not agree with, is a very liberating experience which vastly improves knowledge I have found.
Ok, I have no time for the flat Earth society but I do not go to their forums and post my opinions there either.
So what if some truly believe the 'to da moon" scenario or are afraid of possible confiscation etc.
Just remember the flat Earth society used to run the whole show once and would not entertain the rants of silly fools who insisted the world was round. :)
 
BamaGuy said:
So no one here believes there is a silver surplus besides me?
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I certainly don't believe there is a shortage of above ground silver. As someone has said here before. We will never run out of silver(what hasn't been mined). At least not in our lifetime or the next generation or the next gen or the next...........
 
BamaGuy said:
So no one here believes there is a silver surplus besides me?
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I have no problem with that possibility affecting the spot price.
It seems we are stuck in boom-bust cycles in all markets though.
First a surplus then over compensation causing a shortage, an endlessly repeating cycle perhaps both real or perhaps only perceived.
Perceptions seem to drive markets far more than the reality of an actual supply in commodities.
Certainly it seems a surplus in ETF's is present, how that equates to physical supply though is open to conjecture.
 
ironwood said:
BamaGuy said:
So no one here believes there is a silver surplus besides me?
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I certainly don't believe there is a shortage of above ground silver. As someone has said here before. We will never run out of silver(what hasn't been mined). At least not in our lifetime or the next generation or the next gen or the next...........
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We likely will not run short of any resource as long as demand is high enough to fund the cost of extracting it.
The biggest, and most harmful, surplus is the over supply of bulls@*t from our fearless leaders. :mad:
 
So it looks like StellaConcepts is trapped in his initial $50,000 silver position with 1671.8 ounces. DCA = $29.91.

What is the next move in this trade - it's been 8 months without update?
 
BamaGuy said:
................ Now to my prognostication. I think we will see $15.xx in 2013.. Possibly even $12.xx.. 2014 IMO will see sub $10 silver and sub $1000 gold.
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hmmmm yes, and likely a fall in unemployment rates in the USA back to 5%, the economy skyrocketing upwards, and everyone stacking US$ bills with glee as the favored safest currency in the world.:cool:
 
lucky luke said:
BamaGuy said:
................ Now to my prognostication. I think we will see $15.xx in 2013.. Possibly even $12.xx.. 2014 IMO will see sub $10 silver and sub $1000 gold.
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hmmmm yes, and likely a fall in unemployment rates in the USA back to 5%, the economy skyrocketing upwards, and everyone stacking US$ bills with glee as the favored safest currency in the world.:cool:
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I have hedged my pms and I am stacking cash. No one wants cash right now and that means it is probably a good short term investment here in the US.

Edit: Our unemployment rate will fall to 5% simply because the methodology they now use doesn't count those whose unemployment benefits run out. And they have now added research and development costs to the GDP. So they will cook the books to show the US economy skyrocketing upwards. :D
 
House said:
Any update on this? :)
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Here is what he posted back in July.

"Ive got nothing to add to that thread... apart from admitting major fail.... I would never have guessed its possible for silver to get to these levels... $20usd - sure... but FOURTEEN. Nup. So its all unchartered territory for me now... but I do know a bloody bargin when I see one!"



Based upon his last posted positions on April 15, 2013, he is down about 46.5% on the trade. But I am guessing that you knew that.
 
dccpa said:
House said:
Any update on this? :)
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Here is what he posted back in July.

"Ive got nothing to add to that thread... apart from admitting major fail.... I would never have guessed its possible for silver to get to these levels... $20usd - sure... but FOURTEEN. Nup. So its all unchartered territory for me now... but I do know a bloody bargin when I see one!"



Based upon his last posted positions on April 15, 2013, he is down about 46.5% on the trade. But I am guessing that you knew that.
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its interesting he said this is an uncharted territory to him but he knows a bloody bargain when sees one.....
 
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