New Paradigm; Sell The Rally?

@veritek -looks like a not bad way/ low cost way of selling short with the puts and ima assuming on what you have they expire worthless with minimal expense to u, that's one way to playing this way downtrend, makes sense


@barry - and I thinks probably the best you can ask for, that one feels comfortable with the price paid and should it move lower, cash is at the ready for another tranche if that's how you wish to do it

@baseball- yea ima with you. I do believe, even now, several coin dealers are working overtime to move what they have. Just this week, I have looked at 4 Ads, big Ads from 3 different dealers in USA Today and Chicago Tribune. I hate to repeat myself like a broken record, but again, I also feel APMEX doing that deal with ebay was a sort of last gasp to get the last few unsuspecting members of the public..... at one time, buying high, to sell higher or hold was working but that time is not now.


And as you correctly state, the big deep pockets,, AKA the hedge funds, institutionals,,,, they need to come in and buy to bring a level of support to these prices. Right now tho, they are not buying for the time being, they are doing the selling.

As an example and to make this simple for everyone, for those of you following this thread, take a look at SLV and GLD. Take a look at the VOLUME for the past 3 days. You can see where the selling started quietly, that first day the key numbers for breaking the sideways action to the downside appear... and then the floodgates open up two days after, notice how high the volume increases.

I';ll do another post, quick post before I go out on pricing on silver and gold, a short little thing later thing on a few quick thoughts.