Thursday Morning Update

407
Thu, Sep 1, 2011 - 10:21am

While the site is actually up and running, I thought I'd take a few minutes to create a quick update. It seems that the site is going down with greater frequency these days. However, "with a firm reliance on the protection of Divine Providence", we go forward.

I never did get filled on any new trading positions yesterday. I was hoping to buy some October gold calls but I never quite got the dip I was looking for. I'm going to give it another try today. Since The Cartel usually tries to raid the PMs on the day before the BLSBS report, I like my chances. As you can see on the chart below, a dip toward 1800-1805 looks to be a pretty good buying opportunity.

Silver looks to have stout support just north of 41, in the vicinity of 41.25.

The Turd has a long day ahead so I may not be able to update again until later this afternoon.

Have a great day! TF

About the Author

Founder
turd [at] tfmetalsreport [dot] com ()

  407 Comments

FogHorn LegHorn
Sep 1, 2011 - 11:09am

hey all

I,m looking at nibbling some quality Miner options, but am waiting for the impending raid. Gut tells Me it might be a biggie, be carefull on options today. Jmho :) ps.shout out to ginger hope alls well with fam, I've been worried for You, I just found your dimwit option thread, great start so far, Ciao :)++

Eric Original
Sep 1, 2011 - 11:13am

Site up, but still weird

When I hit "Home", I don't see this new thread. Had to link to a comment on the "Recent Comments" sidebar to get here.

For those following Rubicon, some interesting news today. A small company owned a 2& NSR royalty on the big project. Franco Nevada just bought that. Getting Franco's stamp of approval on something is always a good sign.

EDIT: I get it. New thread is second on list on Home page because the PAGE post left up top as a "Sticky". OK.

The Vet
Sep 1, 2011 - 11:13am

SVM - great deal (Repost)

If you believe that SVM is way undervalued here (as I do) then take the shorts on...

Sell as many of the September $7 strike puts for 45 cents as you are prepared to buy SVM stock.

If the price is below $7 in 16 days then you have bought SVM for $6.55 a share a huge discount from the present price of $8.40.. If it doesn't drop below $7 then you have .45 share pure profit for zero outlay ($45 a contract less commissions) I'm loaded with them but the shorts are still giving the money away!

Tom L
Sep 1, 2011 - 11:13am

SVM

It looks like the combination of the 50 hour MA and the 61.8% RT line is working as short-term support. Brave people might want to nibble, especially if you bought yesterday at higher prices. Putting in limit bids of like $8.30-$8.25 should get filled if this thing chops around for the next couple of hours.

Ta,

LongGoldLongSilver
Sep 1, 2011 - 11:15am

Silver to Shine

https://bit.ly/oUNDiT

Both gold and silver look bullish with an emphasis on silver. It's almost downright silly how much the Large Specs have cut their long positions. If one just studied the COT without knowing the price development for the white metal, one could easily have guessed the low 30's as the current price of silver. Speculation combined with short covering can take this market well above $50 within weeks after take off. I say the countdown has already commenced!

LongGoldLongSilver
Sep 1, 2011 - 11:18am

Dollar 3yr Chart

While the metals look strong at the moment, the same can't be said about the US dollar. It's been in a well defined downtrend for more than a year and is within striking distance of another leg down. If the all-time low just south of 71 gets taken out - look out below. Such a move will have a terrifying affect on the world's financial system.

https://www.economicfreefall.com/

Tom L
Sep 1, 2011 - 11:19am

@TheVet

Thanks for the insight on how to play this SVM thing. I'm not prepared to execute that strategy, but it's sound and I'll start looking for ways to implement something like that in the future.

I'm new to this options thing and just trying to keep it simple right now. Buy low, sell into strength and don't commit too much money to any one position, no matter how sure I am of it being a winner.

Seriously, thank you for the input I would have never considered anything like that.

Ta,

mrgneiss
Sep 1, 2011 - 11:20am

Great charts

Great charts economicfreefall, thanks!

FogHorn LegHorn
Sep 1, 2011 - 11:23am

Good news for rubicon

Eric, ta! I followed your thinking re 16% sell off on Auq, slid in on some itm calls, bought some, ppp stock as it was beaten up too. Rubicon is a high grade, (always a good thing), deposit, near GG's cash cow, fnv taking an interest piques, My interest, I've owned rubicon in the past and will take another peek, thanks, E!

thesandbox
Sep 1, 2011 - 11:23am

SVM...EXK and the 1030 dip

Bought a few hundred around 8.30 and bought back most of my EXK at 11.70 that I sold at 12.15 yesterday. Just waited for the 1030am dip..... right on schedule today.

Subscribe or login to read all comments.

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 11/11

11/12 Three Fed Goon speeches
11/13 8:30 ET CPI
11/13 11:00 ET CGP on Capitol Hill
11/14 8:30 ET PPI
11/14 Four Fed Goon speeches
11/14 10:00 ET CGP on Capitol Hill
11/15 8:30 ET Retail Sales
11/15 8:30 ET Empire State Manu Index
11/15 9:15 ET Cap Ute and Ind Prod
11/15 10:00 ET Business Inventories

Key Economic Events Week of 11/4

11/4 10:00 ET Factory Orders
11/5 9:45 ET Markit Services PMI
11/5 10:00 ET ISM Services PMI
11/6 8:30 ET Productivity & Labor Costs
11/6 Speeches by Goons Williams, Harker and Evans
11/8 10:00 ET Consumer Sentiment
11/8 10:00 ET Wholesale Inventories

Key Economic Events Week of 10/28

10/30 8:30 ET Q3 GDP first guess
10/30 2:00 ET FOMC fedlines
10/30 2:30 ET CGP presser
10/31 8:30 ET Personal Income & Spending
10/31 8:30 ET Core Inflation
10/31 9:45 ET Chicago PMI
11/1 8:30 ET BLSBS
11/1 9:45 ET Markit Manu PMI
1/1 10:00 ET ISM Manu PMI

Key Economic Events Week of 10/21

10/22 10:00 ET Existing home sales
10/24 8:30 ET Durable Goods
10/24 9:45 ET Markit flash PMIs
10/24 10:00 ET New home sales
10/25 10:00 ET Consumer Sentiment

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Recent Comments

by Blackwatersailor, Nov 13, 2019 - 11:19pm
by Turd Ferguson, Nov 13, 2019 - 11:03pm
by NW VIEW, Nov 13, 2019 - 10:55pm
by Turd Ferguson, Nov 13, 2019 - 10:45pm
by kkingchiro, Nov 13, 2019 - 8:39pm

Forum Discussion

by Green Lantern, Nov 13, 2019 - 5:36pm
by NW VIEW, Nov 13, 2019 - 5:11pm
by Green Lantern, Nov 13, 2019 - 5:08pm
by CongAu, Nov 13, 2019 - 9:39am
by UncleFester, Nov 13, 2019 - 9:21am
by Green Lantern, Nov 13, 2019 - 6:58am
randomness