drbubb Posted June 13, 2011 Author Report Share Posted June 13, 2011 SILVER ON THE SLIDE AGAIN - down about 70 cents .. may test recent lows SLV / last [Tick] $33.74[+] Change $-1.51 / % Change -4.28% Bid $33.7300 = Ask $33.7400 Link to comment Share on other sites More sharing options...
drbubb Posted June 13, 2011 Author Report Share Posted June 13, 2011 Gold seems to have lost its ability to levitate, and is now following other markets lower - and so Silver & Cu. SPX : 1,308.71 -5.84 / % Change -0.44% GLD : $148.751 $-1.159 / % Change -0.77% SLV : $35.09 $-0.66 / % Change -1.85% CU =: $41.39 $-0.185 / % Change -0.45% I now target a price below $33 for my next trades on SLV. That may be subject to change I may start buying again at SLV-$33/ $33.50 Link to comment Share on other sites More sharing options...
Manual labourer Posted June 13, 2011 Report Share Posted June 13, 2011 SILVER ON THE SLIDE AGAIN - down about 70 cents .. may test recent lows SLV / last [Tick] $33.74[+] Change $-1.51 / % Change -4.28% Bid $33.7300 = Ask $33.7400 Hi DB, I will be buying at $27.5 Regards ML Link to comment Share on other sites More sharing options...
drbubb Posted June 16, 2011 Author Report Share Posted June 16, 2011 Running out of time - had to exit these / they expire on Friday Filled at $2.62 Symbol -SLV110618P37 Description PUT (SLV) ISHARES SILVER TR JUN 18 11 $37 (100 SHS) Action Sell to Close Put (Closed at $1.97 last Friday) Link to comment Share on other sites More sharing options...
drbubb Posted June 20, 2011 Author Report Share Posted June 20, 2011 RECORD Record :: B&H Portf : Alt.Port #1 : Alt.Port #2 : Average : -Ratio- : -SLV- : -DXY- /--CRB-- real.SLV my 2010 --- $182.1 K : ======= : ====== : ====== : ====== :: $18.21 x86.04 / 2.5852 =# 6.061 ye 2010: --- $301.8 K : ======= : ====== : ====== : ====== :: $30.18 x78.96 / 3.3280 =# 7.160 28 Apr.: --- $480.0 K : - $480.0K : - $480.0 K : $480.0K : 100.0% : $47.26 x73.12 / 3.7056 =# 9.326 06 May: --- $355.0 K : - $479.9K : - $480.0 K : $479.9K : 135.2% : $34.48 x74.84 / 3.3735 =# 7.650 13 May: --- $353.6 K : - $491.6K : - $480.2 K : $485.9K : 137.4% : $34.39 x75.71 / 3.3853 =# 7.692 20 May: --- $350.3 K : - $495.3K : - $486.2 K : $490.8K : 140.1% : $34.18 x75.66 / 3.4156 =# 7.571 27 May.est $380.0 K : - $518.0K : - $511.0 K : $514.5K : 135.4% : $37.03 x74.76 / 3.4627 =# 7.995 31 May: --- $384.8 K : - $523.8K : - $516.3 K : $520.0K : 135.1% : $37.60 x74.50 / 3.5006 =# 8.002 03 Jun.: --- $361.9 K : - $509.0K : - $497.9 K : $503.4K : 139.1% : $35.34 x73.73 / 3.4861 =# 7.474 10 Jun.: --- $362.0 K : - $504.0K : - $493.4 K : $498.7K : 137.8% : $35.25 x74.83 / 3.4804 =# 7.579 17 Jun.: --- $357.5 K : - $502.7K : - $491.2 K : $497.0K : 139.0% : $34.95 x74.99 / 3.3548 =# 7.812 Vs B&H: -- 100.0% - : -- 140.6% : -- 137.4% : /see: https://spreadsheets1.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0Am5S2YdB2ZxYdC1KcWgxVVpqamJhQl9zRmt2aEhPaUE&single=true&gid=0&output=html LAST WEEK === AG / SLV : $35.75 $34.95 $34.95 -$0.80 -2.24% 6/17/2011 : Buy&Hld Alt Port#1 Alt Port#2 Average Cash in $ - - - None - $415,940 $342,340 $379,140 Silver Oz. s 10,000 0 0 SLV - Sh. - - - None - 0 2,000 / Value = = $357,500 $0 $69,900 $34,950 Opt. Sh.+ - - - None - 9,000 8,000 Opt. Sh. - - - - None - 2,000 2,000 Note - - - - - - - None - - b1,e1,f1 b2,d2,e2,f2 Opt.Value - - - None - $67,950 $60,200 $64,075 Note - - - - - - - None - - - ATX.v - - - ATX.v - Eqy. Shs.+ - - - None - 20,000 20,000 Eqy.Value - - - None - $18,800 $18,800 $18,800 Tot. Value $357,500 $502,690 $491,240 $496,965 OPTIONS / BOT at .Qty. Clse at: Value = profit B1: jul.$29c $6.35 5,000 $6.15 $30,750 -$1,000 E1: jan$27c $8.00 4,000 $9.30 $37,200 $5,200 F1: jun$37p $3.35 0 $2.62 $0 $0 === SubTtl ==== 9,000 ==== $67,950 $4,200 B2: jul.$30c $7.25 2,000 $5.20 $10,400 -$4,100 D2: oct$30c $6.50 2,000 $6.30 $12,600 -$400 E2: jan$27c $7.70 4,000 $9.30 $37,200 $6,400 F2: jun$37p $3.35 0 $2.62 $0 $0 === SubTtl ==== 8,000 ==== $60,200 $1,900 EQUITIES / BOT at .Qty. Clse at: Value = profit P1: ATX.v $1.10 20,000 $0.94 $18,800 -$3,200 P2: ATX.v $1.10 20,000 $0.94 $18,800 -$3,200 Link to comment Share on other sites More sharing options...
drbubb Posted June 23, 2011 Author Report Share Posted June 23, 2011 Oil is getting clobbered, and it seems to have brought a "sympathy move" down in precious metals GLD : $147.75 -3.24 / Percent Change: -2.15% SLV : $ 33.99 -1.51 / Percent Change: -4.25% This is a "heavy" looking move, especially for Silver/SLV, and it can easily slip lower. But prices are looking attractive enough, that I am thinking about picking up some more SLV calls. Orders are in, near current levels Link to comment Share on other sites More sharing options...
drbubb Posted June 23, 2011 Author Report Share Posted June 23, 2011 BOT: SLV: Jan.$27 Calls: for both Alt. Portfolios Option Order: -SLV120121C27-CALL (SLV) ISHARES SILVER TR JAN 21 12 $27 (100 SHS) Status Filled at $8.50 Symbol -SLV120121C27 Description CALL (SLV) ISHARES SILVER TR JAN 21 12 $27 (100 SHS) == == == Topping up : to 10,000 SLV total shares controlled in each portfolio: 1000 for P#1 & 2000 for P#2 Updating: AP#1: E1: jan$27c $8.00 4,000 : $32,000 new ja$27c $8.50 1,000 : $ 8,500 ======= E1: jan$27c $8.10 5,000 : $40,500 - After New AP#2: E2: jan$27c $7.70 4,000 : $30,800 new ja$27c $8.50 2,000 : $17,000 ======= E1: jan$27c $7.97 6,000 : $47,800 - After New Link to comment Share on other sites More sharing options...
drbubb Posted June 26, 2011 Author Report Share Posted June 26, 2011 RECORD Record :: B&H Portf : Alt.Port #1 : Alt.Port #2 : Average : -Ratio- : -SLV- : -DXY- /--CRB-- real.SLV my 2010 --- $182.1 K : ======= : ====== : ====== : ====== :: $18.21 x86.04 / 2.5852 =# 6.061 ye 2010: --- $301.8 K : ======= : ====== : ====== : ====== :: $30.18 x78.96 / 3.3280 =# 7.160 28 Apr.: --- $480.0 K : - $480.0K : - $480.0 K : $480.0K : 100.0% : $47.26 x73.12 / 3.7056 =# 9.326 06 May: --- $355.0 K : - $479.9K : - $480.0 K : $479.9K : 135.2% : $34.48 x74.84 / 3.3735 =# 7.650 13 May: --- $353.6 K : - $491.6K : - $480.2 K : $485.9K : 137.4% : $34.39 x75.71 / 3.3853 =# 7.692 20 May: --- $350.3 K : - $495.3K : - $486.2 K : $490.8K : 140.1% : $34.18 x75.66 / 3.4156 =# 7.571 27 May.est $380.0 K : - $518.0K : - $511.0 K : $514.5K : 135.4% : $37.03 x74.76 / 3.4627 =# 7.995 31 May: --- $384.8 K : - $523.8K : - $516.3 K : $520.0K : 135.1% : $37.60 x74.50 / 3.5006 =# 8.002 03 Jun.: --- $361.9 K : - $509.0K : - $497.9 K : $503.4K : 139.1% : $35.34 x73.73 / 3.4861 =# 7.474 10 Jun.: --- $362.0 K : - $504.0K : - $493.4 K : $498.7K : 137.8% : $35.25 x74.83 / 3.4804 =# 7.579 17 Jun.: --- $357.5 K : - $502.7K : - $491.2 K : $497.0K : 139.0% : $34.95 x74.99 / 3.3548 =# 7.812 24 Jun.: --- $346.4 K : - $484.9K : - $471.8 K : $478.4K : 138.1% : $33.36 x75.58 / 3.2989 =# 7.643 Vs B&H: -- 100.0% - : -- 140.0% : -- 136.2% : I had hoped to gain on the B&H portfolio, but two adverse changes occurred: + Argentex (ATX.v) dropped sharply from $0.95 to $0.78, as the company failed to get its financing at $1.15 closed. (Possibly, I was wrong about the competance of the company's financial management.) + SLV fell more steeply than silver: (-$1.xx to $34.64 for silver, versus -$1.xx to $33.36 for SLV, so that SLV is now at a large $1.xx discount to Silver.) /Updated portfolio: https://spreadsheets1.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0Am5S2YdB2ZxYdC1KcWgxVVpqamJhQl9zRmt2aEhPaUE&single=true&gid=0&output=html == == Argentex Announces Withdrawal of Financing VANCOUVER, BRITISH COLUMBIA, Jun 15, 2011 (MARKETWIRE via COMTEX) -- Argentex Mining Corporation ("Argentex" or the "Company") (tsx venture:ATX) /quotes/zigman/343784 AGXM -4.82% announces that, due to market conditions and additional capital received from the exercise of warrants, the brokered private placement announced on May 26, 2011 has been cancelled. The capital received from recent warrant exercises has injected approximately $2 million, which should enable Argentex to continue with its 2011 business plan without raising additional capital at this time. The field drill program at Pinguino, which commenced in January 2011, was completed in early June, and totaled approximately 19,500 meters. Approximately 70% of results remain to be received from the lab and published. Kenneth E. Hicks, President of Argentex, commented, "The 2011 silver and gold exploration program at Pinguino has been very successful. Our goal of expanding and defining new high-grade precious metal mineralization near surface was achieved and results to date have exceeded our expectations. We plan to publish additional results as they are received over the next two months. Concurrently, a large comprehensive geophysical program is ready for execution at Pinguino with the goal of defining multiple drill targets within the district-scale vein swarm." Link to comment Share on other sites More sharing options...
drbubb Posted July 9, 2011 Author Report Share Posted July 9, 2011 No Trading this week Latest : 7/08/11 : 7/01/11 SLV-- : $35.75 : $33.00 Silver : $36.54 : $33.70 : Prem. : +00.79 : +$00.70 DXY--- : $75.08 : $74.36 CRB--- : 343.55 : 336.71 === Jl.$29c : $6.75 : $4.05 Ja.$27c: $9.55 : $7.27 Jl.$30c : $5.75 : $3.10 Oc.$30c: $6.45 : $4.40 Ja.$27c: $9.55 : $7.27 ATX.v- : $0.98 : $0.76 === === ====== RECORD Record :: B&H Portf : Alt.Port #1 : Alt.Port #2 : Average : -Ratio- : -SLV- : -DXY- /--CRB-- real.SLV my 2010 --- $182.1 K : ======= : ====== : ====== : ====== :: $18.21 x86.04 / 2.5852 =# 6.061 ye 2010: --- $301.8 K : ======= : ====== : ====== : ====== :: $30.18 x78.96 / 3.3280 =# 7.160 28 Apr.: --- $480.0 K : - $480.0K : - $480.0 K : $480.0K : 100.0% : $47.26 x73.12 / 3.7056 =# 9.326 06 May: --- $355.0 K : - $479.9K : - $480.0 K : $479.9K : 135.2% : $34.48 x74.84 / 3.3735 =# 7.650 13 May: --- $353.6 K : - $491.6K : - $480.2 K : $485.9K : 137.4% : $34.39 x75.71 / 3.3853 =# 7.692 20 May: --- $350.3 K : - $495.3K : - $486.2 K : $490.8K : 140.1% : $34.18 x75.66 / 3.4156 =# 7.571 27 May.est $380.0 K : - $518.0K : - $511.0 K : $514.5K : 135.4% : $37.03 x74.76 / 3.4627 =# 7.995 31 May: --- $384.8 K : - $523.8K : - $516.3 K : $520.0K : 135.1% : $37.60 x74.50 / 3.5006 =# 8.002 03 Jun.: --- $361.9 K : - $509.0K : - $497.9 K : $503.4K : 139.1% : $35.34 x73.73 / 3.4861 =# 7.474 10 Jun.: --- $362.0 K : - $504.0K : - $493.4 K : $498.7K : 137.8% : $35.25 x74.83 / 3.4804 =# 7.579 17 Jun.: --- $357.5 K : - $502.7K : - $491.2 K : $497.0K : 139.0% : $34.95 x74.99 / 3.3548 =# 7.812 24 Jun.: --- $346.4 K : - $484.9K : - $471.8 K : $478.4K : 138.1% : $33.36 x75.58 / 3.2989 =# 7.643 01 July: --- $365.4 K : - $508.5K : - $498.1 K : $503.3K : 137.8% : $35.75 x75.08 / 3.4355 =# 7.813 08 July: --- $337.0 K : - $479.2K : - $465.2 K : $472.2K : 140.1% : $33.00 x74.36 / 3.3671 =# 7.288 Vs B&H: -- 100.0% - : -- 142.2% : -- 138.0% : Link to comment Share on other sites More sharing options...
drbubb Posted July 12, 2011 Author Report Share Posted July 12, 2011 (I put this order in at the airport in South Carolina, and it filled sometime when I was flying back to HK) === Confirmation === 07/08/2011 YOU BOUGHT OPENING TRANSACTION -SLV August $38 Puts PUT (SLV) ISHARES SILVER TR AUG 20 11 $38 (100 SHS) Cash Contracts: +XXX Price: $3.05 Settlement Date: 07/11/2011 === Unquote === I saw that Gold and Silver had run up to a resistance level, and so wanted some protection in my "more active" portfolio (update): SLV AUG 20 2011 38.00 PUT Last [Tick] 4.11[-] Change 0.39 % Change 10.48% Bid 4.10 - Ask 4.20 Link to comment Share on other sites More sharing options...
drbubb Posted July 13, 2011 Author Report Share Posted July 13, 2011 SOLD : Half the Argentex (ATX) position at $1.29 - in both accounts. That's a profit, thanks to the nice jump today on the back of Silver's gains == == RECORD Record :: B&H Portf : Alt.Port #1 : Alt.Port #2 : Average : -Ratio- : -SLV- : -DXY- /--CRB-- real.SLV my 2010 --- $182.1 K : ======= : ====== : ====== : ====== :: $18.21 x86.04 / 2.5852 =# 6.061 ye 2010: --- $301.8 K : ======= : ====== : ====== : ====== :: $30.18 x78.96 / 3.3280 =# 7.160 28 Apr.: --- $480.0 K : - $480.0K : - $480.0 K : $480.0K : 100.0% : $47.26 x73.12 / 3.7056 =# 9.326 06 May: --- $355.0 K : - $479.9K : - $480.0 K : $479.9K : 135.2% : $34.48 x74.84 / 3.3735 =# 7.650 13 May: --- $353.6 K : - $491.6K : - $480.2 K : $485.9K : 137.4% : $34.39 x75.71 / 3.3853 =# 7.692 20 May: --- $350.3 K : - $495.3K : - $486.2 K : $490.8K : 140.1% : $34.18 x75.66 / 3.4156 =# 7.571 27 May.est $380.0 K : - $518.0K : - $511.0 K : $514.5K : 135.4% : $37.03 x74.76 / 3.4627 =# 7.995 31 May: --- $384.8 K : - $523.8K : - $516.3 K : $520.0K : 135.1% : $37.60 x74.50 / 3.5006 =# 8.002 03 Jun.: --- $361.9 K : - $509.0K : - $497.9 K : $503.4K : 139.1% : $35.34 x73.73 / 3.4861 =# 7.474 10 Jun.: --- $362.0 K : - $504.0K : - $493.4 K : $498.7K : 137.8% : $35.25 x74.83 / 3.4804 =# 7.579 17 Jun.: --- $357.5 K : - $502.7K : - $491.2 K : $497.0K : 139.0% : $34.95 x74.99 / 3.3548 =# 7.812 24 Jun.: --- $346.4 K : - $484.9K : - $471.8 K : $478.4K : 138.1% : $33.36 x75.58 / 3.2989 =# 7.643 01 July: --- $337.0 K : - $479.2K : - $465.2 K : $472.2K : 140.1% : $33.00 x74.36 / 3.3671 =# 7.288 08 July: --- $365.4 K : - $508.5K : - $498.1 K : $503.3K : 137.8% : $35.75 x75.08 / 3.4355 =# 7.813 Vs B&H: -- 100.0% - : -- 139.2% : -- 136.3% : ABOVE is before the Argentex trades, and option price updates - which will be made after Friday's close. Link to comment Share on other sites More sharing options...
drbubb Posted July 14, 2011 Author Report Share Posted July 14, 2011 Closes : 7/08/11 : 7/01/11 / showed positions in Portfolios SLV-- : $35.75 : $33.00 Silver : $36.54 : $33.70 : Prem. : +00.79 : +$00.70 === Jl.$29c : $6.75 : $4.05 Jl.$30c : $5.75 : $3.10 ======================= ROLLING THE JULY TRADES... Above two July Options positions needed to be traded out of... (1) I am selling the Jl.$29c at $8.55 - replacing them with physical Silver at $38.40 (which represent a $0.85 premium. In edit: Silver closed at/near $38.35, and has traded down to a low near $38.15 overnight.) ... added later ... (2) I am selling the Jl.$30c at $7.75 (bid price) - will replace them with physical Silver (later) or August calls on SLV. (Order left in overnight at $37.80) (combined with either/or order on: SLV AUG 20 2011 34.00 call at $3.90) / In Edit / I accepted a price of $4.00, buying the SLV Aug 2011 $34.00 call near the close. (Closing price was; $3.95-4.00, and the low for the day was $3.90.) Link to comment Share on other sites More sharing options...
Pixel8r Posted July 14, 2011 Report Share Posted July 14, 2011 Latest : 7/08/11 : 7/01/11 SLV-- : $35.75 : $33.00 Silver : $36.54 : $33.70 : Prem. : +00.79 : +$00.70 === Jl.$29c : $6.75 : $4.05 Jl.$30c : $5.75 : $3.10 ======================= Above two July Options positions needed to be traded out of... (1) I am selling the Jl.$29c at $8.55 - replacing them with physical Silver at $38.40 ... added later ... (2) I am selling the Jl.$30c at $7.75 - will replacing them with physical Silver (later) (Order left in overnight at $37.80) When you say 'replacing with physical silver', is that physical silver of the paper variety or have you finally realised the benefit of owning actual metal? Link to comment Share on other sites More sharing options...
drbubb Posted July 14, 2011 Author Report Share Posted July 14, 2011 When you say 'replacing with physical silver', is that physical silver of the paper variety or have you finally realised the benefit of owning actual metal? I mean : I am buying Physical within my paper portfolio which is tracked in this thread. I always intended to buy some by switching in to physical, but wanted to wait until the differential to SLV was cheaper (it got down to $0.70 last week.) I hoped to get Physical Silver at that differential or cheaper, but the options expiries approach, and I ran out of time. Meantime, my trading has benefitted from the flexibility that options provide. I will continue to use both SLV options and Physical silver in these trades. Where they are matched with my actual trades, it will be Goldmoney trades in Physical silver. Link to comment Share on other sites More sharing options...
Pixel8r Posted July 14, 2011 Report Share Posted July 14, 2011 I mean : Physical within my paper portfolio in this thread. I always intended to buy some by switching in to physical, but wanted to wait until the differential to SLV was cheaper (it got down to $0.70 last week.) I hoped to get Physical Silver at that differential or cheaper, but the options expiries approach, and I ran out of time. Meantime, my trading has benefitted from the flexibility that options provide. I will continue to use both. I am still non the wiser 'physical within my paper portfolio' , does that mean you are buying actual metal say at goldmoney or Eric Sprotts PSLV? Or is al this just a fantasy game and really only a exercise to show the advantage of trading over buying and holding? Link to comment Share on other sites More sharing options...
drbubb Posted July 14, 2011 Author Report Share Posted July 14, 2011 I am still non the wiser 'physical within my paper portfolio' , does that mean you are buying actual metal say at goldmoney or Eric Sprotts PSLV? Or is al this just a fantasy game and really only a exercise to show the advantage of trading over buying and holding? The premise of this thread is a Paper portfolio, which matches in many respects (but not all) my own trading. Trades in the portfolio are closed and open at actual prices that I traded, or prices that could have been achieved in the market. For instance, I am putting on a "paper trade" on the close: BUYING Aug. SLV $34 Calls at $4.00. If you look above, I had an "open order" in at $3.90, and the closing price was $3.95-4.00, and upon seeing the chart at the close, and nothing else (I don't know where Silver is trading now), I "accepted" the trade at $4.00 and will put it in the portfolio. Had it been a real trade*, I could have awoken at 3:45 am and put it on. I think you will agree that it is not worth interrupting my sleep for such a trade. But such a minor change is within the spirit of what I am doing here. In fact, when I see where Silver is actually trading now, I may regret having used this price. I hasten to point out that 80-90% of the trades in the Paper portfolios reflect actual trades that I have done, but the sizes are not necessarily the same as in the Portfolios. (I do think I need a certain amount of privacy on my actual trades.) == == *The reason I did not do a real trade was: I traded out of the Jul.$30c in my actual portfolio some weeks ago, and so did not need to "roll" it into August. Link to comment Share on other sites More sharing options...
drbubb Posted July 16, 2011 Author Report Share Posted July 16, 2011 Latest : 7/15/11 : 7/08 : 7/01/11 SLV-- : $38.24 : $35.75 : $33.00 Silver : $39.07 : $36.54 : $33.70 : Prem. : +00.81 : +00.79 : +$00.70 DXY--- : $75.13 : $75.08 : $74.36 CRB--- : 346.30 : 343.55 : 336.71 === Ag.$38p: $1.73 : ==== : ==== : Ag.$34c: $4.65 : ==== : ==== : Ja.$27c: 11.87 : $9.55 : $7.27 Oc.$30c: $8.75 : $6.45 : $4.40 Ja.$27c: 11.87 : $9.55 : $7.27 ATX.v- : $1.26 : $0.98 : $0.76 === Trades: BOT : Ag.$38p at $3.05 x2000= $ 6,100 (-) Alt.1 BOT : Silver (ph) $38.40 x5000=$192,000(-) Alt.1 BOT : Ag.$34c: at $4.00 x2000= $ 8,000 (-) Alt.2 SLD : ATX.v = : at $1.29 (sold half-10,000 in both accts) SLD : Jul.$29c: at $8.55 x5000= $42,750 (+) Alt.1 SLD : Jul.$30c: at $7.75 x2000= $15,500 (+) Alt.2 This week showed how painless it can be to "roll-forward" a maturing options position. But it is not always so easy. During the week, I missed a great opportunity, by simply not thinking clearly enough. I suppose I can blame jetlag. After buying the Ag.$38 puts and seeing them swing to a $1.00+ profit, I should have locked in that profit by purchasing a Physical Silver position. Instead, I waited until a sold the July $29 calls before buying my physical silver. That bonehead move may have cost me about $xxxx in potential profits. Link to comment Share on other sites More sharing options...
drbubb Posted July 19, 2011 Author Report Share Posted July 19, 2011 Sold some... (half) Status Filled at $9.70 Symbol -SLV111022C30 Description CALL (SLV) ISHARES SILVER TR OCT 22 11 $30 (100 SHS) Action Sell to Close Call Link to comment Share on other sites More sharing options...
drbubb Posted July 25, 2011 Author Report Share Posted July 25, 2011 Latest : 7/22 : 7/15/11 : 7/08 : 7/01/11 SLV-- : $39.07 : $38.24 : $35.75 : $33.00 Silver : $40.10 : $39.07 : $36.54 : $33.70 : Prem. : +01.03 : +00.81 : +00.79 : +$00.70 DXY--- : $74.14 : $75.13 : $75.08 : $74.36 CRB--- : $23.15 : 346.30 : 343.55 : 336.71 === Ag.$38p: $1.21 : $1.73 : ==== : ==== : Ag.$34c: $5.32 : $4.65 : ==== : ==== : Ja.$27c: 12.65 : 11.87 : $9.55 : $7.27 Oc.$30c: $9.47 : $8.75 : $6.45 : $4.40 Ja.$27c: 12.65 : 11.87 : $9.55 : $7.27 ATX.v- : $1.02 : $1.26 : $0.98 : $0.76 === Trades: SLD : Oct.$30c: at $9.70 x1000= $9,700 (+) Alt.2 Link to comment Share on other sites More sharing options...
drbubb Posted July 29, 2011 Author Report Share Posted July 29, 2011 Sold 1/4 of my SLV Jan.$27 Calls (in more active portfolio) at $12.85 Link to comment Share on other sites More sharing options...
drbubb Posted July 31, 2011 Author Report Share Posted July 31, 2011 NEVER EVER ? Lessons for the brain-dead ? Since the housing bust began, the average U.S. home has lost better than 70% of its value in gold. It’s dropped nearly 80% since the gold-market found its own floor back in the early spring of 2001. /more http://blogs.forbes.com/greatspeculations/2011/07/27/is-it-time-to-trade-pricey-gold-bars-for-cheap-houses/ "Never ever ever ... sell your Gold !" says Robert Ian on this weekend's Goldseek Radio I think i heard something similar about Silver, right near the top. Link to comment Share on other sites More sharing options...
drbubb Posted July 31, 2011 Author Report Share Posted July 31, 2011 Latest : 7/29/11 : 7/22 : 7/15/11 : 7/08 : 7/01/11 SLV-- : $38.83 : $39.07 : $38.24 : $35.75 : $33.00 : Silver : $39.89 : $40.10 : $39.07 : $36.54 : $33.70 : Prem. : +01.06 : +01.03 : +$0.81 : +$0.79 : +$0.70 : ==== DXY--- : $73.75 : $74.14 : $75.13 : $75.08 : $74.36 UUP---: $21.03 : $21.13 : $21.43 : $21.42 : $21.20 : CRB--- : 342.08 : 347.93 : 346.30 : 343.55 : 336.71 : Rsilver :: 8.371 : : 8.325 : : 8.291 : : 7.813 : : 7.510 === Ag.$38p: $1.16 : $1.21 : $1.73 : ==== : ==== : Ag.$34c: $5.10 : $5.32 : $4.65 : ==== : ==== : Ja.$27c: 12.42 : 12.65 : 11.87 : $9.55 : $7.27 Oc.$30c: $9.27 : $9.47 : $8.75 : $6.45 : $4.40 Ja.$27c: 12.42 : 12.65 : 11.87 : $9.55 : $7.27 ATX.v- : $1.00 : $1.02 : $1.26 : $0.98 : $0.76 === Trades: SLD : Jan.$27c: at $12.85 x2000= $25,700 (+) Alt.1 == == == == == Both recent trades (selling Oct$30c and selling Jan$27c) finished the week "in profit." I do think silver will fall back soon, but I am being cautious about taking profits, because I do want to respect the overall intention here, which is to run a Solidly Long Portfolio of Silver positions. On a fallback in the next week - if we see it - I may add to the holdings of physical silver. Link to comment Share on other sites More sharing options...
drbubb Posted August 1, 2011 Author Report Share Posted August 1, 2011 Alt. Portfolios are holding their OUTPERFORMANCE reasonably well RECORD Record :: B&H Portf : Alt.Port #1 : Alt.Port #2 : Average : -Ratio- : -SLV- : -DXY- /--CRB-- real.SLV my 2010 --- $182.1 K : ======= : ====== : ====== : ====== :: $18.21 x86.04 / 2.5852 =# 6.061 ye 2010: --- $301.8 K : ======= : ====== : ====== : ====== :: $30.18 x78.96 / 3.3280 =# 7.160 28 Apr.: --- $480.0 K : - $480.0K : - $480.0 K : $480.0K : 100.0% : $47.26 x73.12 / 3.7056 =# 9.326 06 May: --- $355.0 K : - $479.9K : - $480.0 K : $479.9K : 135.2% : $34.48 x74.84 / 3.3735 =# 7.650 13 May: --- $353.6 K : - $491.6K : - $480.2 K : $485.9K : 137.4% : $34.39 x75.71 / 3.3853 =# 7.692 20 May: --- $350.3 K : - $495.3K : - $486.2 K : $490.8K : 140.1% : $34.18 x75.66 / 3.4156 =# 7.571 27 May.est $380.0 K : - $518.0K : - $511.0 K : $514.5K : 135.4% : $37.03 x74.76 / 3.4627 =# 7.995 31 May: --- $384.8 K : - $523.8K : - $516.3 K : $520.0K : 135.1% : $37.60 x74.50 / 3.5006 =# 8.002 03 Jun.: --- $361.9 K : - $509.0K : - $497.9 K : $503.4K : 139.1% : $35.34 x73.73 / 3.4861 =# 7.474 10 Jun.: --- $362.0 K : - $504.0K : - $493.4 K : $498.7K : 137.8% : $35.25 x74.83 / 3.4804 =# 7.579 17 Jun.: --- $357.5 K : - $502.7K : - $491.2 K : $497.0K : 139.0% : $34.95 x74.99 / 3.3548 =# 7.812 24 Jun.: --- $346.4 K : - $484.9K : - $471.8 K : $478.4K : 138.1% : $33.36 x75.58 / 3.2989 =# 7.643 01 July: --- $337.0 K : - $479.2K : - $465.2 K : $472.2K : 140.1% : $33.00 x74.36 / 3.3671 =# 7.288 08 July: --- $365.4 K : - $508.5K : - $498.1 K : $503.3K : 137.8% : $35.75 x75.08 / 3.4355 =# 7.813 15 July: --- $390.7 K : - $535.8K : - $532.8 K : $534.3K : 136.8% : $38.24 x75.13 / 3.4650 =# 8.291 22 July: --- $401.0 K : - $541.4K : - $539.8 K : $540.6K : 134.8% : $39.07 x74.14 / 3.4793 =# 8.325 29 July: --- $398.9 K : - $539.7K : - $537.1 K : $538.4K : 135.0% : $38.83 x73.75 / 3.4208 =# 8.371 Vs B&H: -- 100.0% - : -- 135.3% : -- 136.3% : At 29 July, the average of the two Alt. Portfolios was $139,500 ahead of Buy&Hold. Versus $135,200 ahead at 1 July when the Outperformance was 140.1% Link to comment Share on other sites More sharing options...
drbubb Posted August 1, 2011 Author Report Share Posted August 1, 2011 Alt.Portfolio Valuations /see: Formatted spreadsheet : https://spreadsheets1.google.com/spreadsheet/pub?hl=en_US&hl=en_US&key=0Am5S2YdB2ZxYdC1KcWgxVVpqamJhQl9zRmt2aEhPaUE&single=true&gid=0&output=html LATEST AG / SLV : $39.89 $38.83 $38.83 -$1.06 -2.66% 07/29/11 : Buy&Hld Alt Port#1 Alt Port#2 Average Cash- in $ - - - None - $290,690 $355,440 $323,065 Silver Oz. s 10,000 5,000 0.000 SLV - Sh. - - - None - 0.000 2,000 / Value = = $398,900 $199,450 $77,660 $138,555 Opt. Sh.+ - - - None - 3,000 9,000 Opt. Sh. - - - - None - 0.000 0.000 Note - - - - - - - None - - c1,e1,f1 c2,d2,e2 Opt.Value - - - None - $39,580 $93,990 $66,785 Note - - - - - - - None - - - ATX.v - - - ATX.v - Eqy. Shs.+ - - - None - 10,000 10,000 Eqy.Value - - - None - $10,000 $10,000 $10,000 Tot. Value $398,900 $539,720 $537,090 $538,405 OPTIONS / BOT at .Qty. Clse at: Value = profit c1:aug$38p $3.05 2,000 $1.16 $2,320 -$3,780 e1:jan$27c $8.10 3,000 $12.42 $37,260 $12,960 Gx: empty $1.00 0.000 $1.00 0.000 $0 '== SubTtl ==== 3,000 ==== $39,580 $9,180 c2: aug$34c $4.00 2,000 $5.10 $10,200 $2,200 d2: oct$30c $6.50 1,000 $9.27 $9,270 $2,770 e2: jan$27c $7.97 6,000 $12.42 $74,520 $26,700 Gx: empty $1.00 0.000 $1.00 0.000 $0 '== SubTtl ==== 9,000 ==== $93,990 $31,670 EQUITIES / BOT at .Qty. Clse at: Value = profit P1: ATX.v $1.10 10,000 $1.00 $10,000 -$1,000 P2: ATX.v $1.10 10,000 $1.00 $10,000 -$1,000 Link to comment Share on other sites More sharing options...
drbubb Posted August 1, 2011 Author Report Share Posted August 1, 2011 SLV SEP 17 2011 34.00 CALL Last [Tick] 4.90[-] Change -0.75 Volume 2 % Change -13.27 Open 4.90 Bid 4.90 Day High 4.90 Bid Size 1,679 Day Low 4.90 Ask 5.00 Prev Close (07/29/2011) 5.65 Ask Size 1,524 -- These are cheap enough now to buy 2,000 for each Alt.Portfolio SLV $34 Calls, at $5 x2000 = $10,000 each portfolio Link to comment Share on other sites More sharing options...
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