MORE ON SILVER (SIK1, SLV)
April 19, 2011
As per the prior post, we are adding another 5% tranche to our short silver (SLK1, SLV) at $43.80. Our proprietary indicators are showing that silver may be close to a top.
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As per the prior post, we are adding another 5% tranche to our short silver (SLK1, SLV) at $43.80. Our proprietary indicators are showing that silver may be close to a top.
One of our readers summed up the reality on Pan American Silver (PAAS) very nicely in his comment. Here is the comment. As the Bolivian assets are less then 3% of total reserves 6,947K vs 245,245K Oz Link to the company website http://www.panamericansilver.com/operation/documents/ReservesPAS2011_finalFeb15.pdf April 15, 2011 We will issue an actionable signal in ZYX BUY CHANGE ALERTS and/or ZYX SHORT SELL CHANGE ALERTS in real time when all six screens of the ZYX Change Method are satisfied.
We are short on Identive Group (INVE) from $5.84. We are sitting on 41.42% profit in three days on Identive Group (INVE). This amounts to 5040% profit on an annualized basis. It is always best to think in terms of annualized profits. Interestingly, several news services gave me credit for the rapid fall in the stock. Here is a clipping from one news service giving my article in Seeking Alpha credit for the fall: News Breaks April 13, 2011 12:00 EDT INVE theflyonthewall.com: Identive Group falls 28.8%Identive Group is down 28.8%, or $1.64, to $4.05 :theflyonthewall.com 10:02 EDT INVE theflyonthewall.com:
Coeur d`Alene Mines (CDE) has issued a statement that it has received an assurance from the government in Bolivia that its mine will not be nationalized. Coeur d`Alene Mines is in bed with the labor union at the mine and the relationship seems to be helping. Bolivia accounts for 20% of NAV of Coeur d`Alene Mines. The stock is bouncing strongly today but the Bolivia situation is likely to remain an overhang. Computers at The Arora Report are monitoring every tick of trading in Coeur d`Alene Mines. When all six screens of the ZYX Change Method are meet, we will issue
Silver experienced a massive short squeeze today that was initially triggered by data from China. Our proprietary algorithms slice and dice every tick of the silver futures and various silver ETFs such as iShares Silver Trust (SLV). The pattern today in siver was classic short squeeze. Shares of various silver ETFs were not available for short selling at a number of brokers. The short squeeze may be climaxing here. We added four 5% tranches to the short position on the silver futures at $42.12. Now we are short 25% of the full score size quantity on silver. We caution readers
We added another tranche to our Silgan (SLGN) short position at $45.68. Please see prior posts for details. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING VERIFIABLE PERFORMANCE RECORD Every closed trade since 2007, without exception, is included in the performance results. Number of winning positions: 162 Number of losing positions: 10 Average annualized % return per position: 296.77% ………………Check out details .
Pan American Silver Corp. (PAAS) is down aggressively. The reason behind the move is concerns about nationalization of the mines belonging to Pan American Silver in Bolivia. We are analyzing the data. This is either a big buying opportunity or an opportunity to short Pan American Silver. We are applying the ZYX Change Method and as soon as the situation becomes clear, if appropriate, we will issue a buy or a short signal on ZYX BUY CHANGE ALERT or ZYX SHORT SELL CHANGE ALERT. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE
The mines in Bolivia that were always private will not not be nationalized. So now the question is if Coeur d’ Alene Mines (CDE) acquired its mines from the state or were its mines always private? Please see the prior post for more details. www.thearorareport.com THE ARORA REPORT, Ltd. HOME OF THE UNIQUE ZYX CHANGE METHOD DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING VERIFIABLE PERFORMANCE RECORD Every closed trade since 2007, without exception, is included in the performance results. Number of winning positions: 162 Number of losing positions: 10 Average annualized % return per position: 296.77% ………………Check