Comments on: “Silver Shots” Poised to Skyrocket 12,785%

By: spreadtrader

spreadtrader — Sat, 09 Jan 2010 14:09:33 +0000

Woo-hoo………I’d rather be lucky than good.

SWC closed Friday at 12.79 and SLV closed at 18.14.

The January options discussed above expire next week. The SLV January 17 calls that were 1.15 at the time of the Gumshoe’s great article closed Friday at ……well, at about 1.15.

The SWC January 7.50 calls that I was talking about above at 1.25 closed Friday at………5.20….how do you spell “4-bagger”????

…..now for the truth. I held out and bought those SWC January 7.50 calls for .85 cents…….and sold them all in September for 100% on my money. But congratulations to anyone who did the trade and is still holding. You’re about to get a pretty nice payday.

By: Peter

Peter — Wed, 23 Dec 2009 22:23:27 +0000

Dear,

I’m learning investing in gold and silver. Can you give me some ideas on how to start? As far as I don’t have a large amount of money. Thank you.

By: kopitmate

kopitmate — Fri, 18 Dec 2009 18:51:02 +0000

thanks Spreadtrader…here is the best part from the article you posted above…”The Gold to Silver ratio is easing down, which means either the price of Gold drops or the price of Silver has to rise”…
I ll go with the former i.e. the price of gold dropping and my own intuition saying silver will follow its older brother gold down in price in the short term forseeable future …

By: Alex

Alex — Fri, 18 Dec 2009 15:02:02 +0000

Many thanks spreadtrader for the input.

By: spreadtrader

spreadtrader — Fri, 18 Dec 2009 12:15:19 +0000

Can’t tell you what to do Alex. This stock chart looks like most silver mining stocks right now. If it doesn’t hold above 780 (pence?) it looks to be in trouble.

Check out this article where it talks about the silver ETF (SLV) in the U.S. and two silver bullion funds in Canada.

http://seekingalpha.com/article/173428-silver-use-leverage-on-the-laggard-metal?source=commenter