Wt Silver 2x Discussion Threads

[wizard7] 25/4/2013 14:50

Starting to phase back in...

[buffett100bln] 24/4/2013 12:40

Yeah but then it would be worth selling your granny to buy ;)

[wizard7] 15/4/2013 08:24

Crumbs - if this carries on to £19/20/oz, LSIL will be worth virtually nout.

[jamesiebabie] 05/4/2013 14:21

Starting to look oversold on the weekly, but not quite there.

[maa12] 21/3/2013 12:49

Silver testing the BUY stops for a change.

[hardassets57] 06/3/2013 16:21

Yup, me too! Leverage needs to be treated with some respect. Adding and pyramiding up at these prices!

[wizard7] 05/3/2013 13:22

I don't have a precise answer other than something woolly like 'it's the effect of the gearing' - which also amplifies the big moves down. If I had the cojones I would be buying this up in all my accounts - but guess what?...!

[hardassets57] 05/3/2013 13:17

Wizard, that's how I read the historic chart. Are you aware as to why the LSIL price spiked so high when silver hit $50? Was there a disconnect? $150 seems way out of sync with the apparent ratio.

[wizard7] 05/3/2013 09:51

Let me see....34 to 150ish here is roughly a five bagger on a rise to $50...hmmm....

[davydoo] 27/2/2013 22:39

I'm buying 100 shares of this everyday, enforced discipline to blank out market noise.

[wizard7] 27/2/2013 09:45

As with LBUL - any takers yet??

[mozy123] 02/1/2013 13:21

Not long to wait - the US runs out of money in Feb!

[buffett100bln] 02/1/2013 13:20

Scrub the last comment.

More like $50 !

I guess the increase in the debt ceiling will be the next thing to drive silver and gold after this relief rally.

$31.50 first resistance. $32.50 after that.

[buffett100bln] 19/12/2012 13:50

True. For all we know the "resolution" to the fiscal cliff could drive silver to $20.

[wizard7] 19/12/2012 09:20

one more dip and then lift off eh? Haven't we heard that 20 or 30 times in the last 18 months?

[buffett100bln] 19/12/2012 08:24

I wonder where the bottom is. Not sure we've seen it yet. And not sure at all about direction in Jan. Go where the algos go and if you don't know then don't play.

[smelgy] 18/12/2012 22:36

Silver on the way down to around $29.75, and then sometime next year will breach $50. We are in the middle of the last great "Blow-off". This may last a few weeks with serious profit-taking.

And then............lift-off.

[wizard7] 18/12/2012 21:47

Oh My Gawd. Again.

[buffett100bln] 07/11/2012 12:59

maybe a little droop on the US open, cue headlines: "Obama victory falls flat in the markets"...."Obama Victory Priced In" etc etc...
But even if silver falls back a bit...I do not see downward action lasting.
Keep buying physical too ;)

[wizard7] 07/11/2012 10:30

Good calls chaps - finger crossed for more up to come.

[buffett100bln] 07/11/2012 09:10

Thanks. Here's to its continuing upward move ;)

I have a feeling it will race up in NYC trade today (and do well for the rest of the year!)

[mozy123] 06/11/2012 18:47

Well done Buff, looks a good move with silver up this evening. :)

[buffett100bln] 06/11/2012 09:20

I have bought in here again today:

Stock: ETN ETFS Lev Silver ETN
Transaction type: Buy
Quantity: 1,327
Executed Price: GBP 26.16658
Consideration: GBP 34,723.05
Commission: GBP 12.50
STAMP: GBP 0.00
PTM Levy: GBP 0.00
Total Consideration: GBP 34,735.55
Trade Date/Time: 6/11/2012 09:18:25
Settlement Date: 09/11/2012

Either way the electoral result with drive silver up in my opinion. The price here sits just above the 100 MDA, stocs and rsi are oversold. I personally believe Gold will really motor in the last month and a bit of the year into 2013...and when Gold motors, it takes silver with it. At $31.16 I believe silver is primed to go higher. I cannot say how high I think it will will go obviously, but $40 is not unrealistic and nor is $50 (within the coming few months). I don't think its realistic to look further than a few months ahead with silver from an ETF point of view. I keep buying silver coins every month too but that's just banking money for the long run. Silver in the next 20 years will go to $300+ in my opinon.

As for LSIL, the chart has pulled back nicely and to me this represents as good a time for an investment as any. It is impossible to get it 100% right!