RE: (VIDEO) Critical Updates: Gold, Silver, US Dollar, Bonds, Trading, MORE! By Gregory Mannarino
The open trades at Bananarino's LemmingsVoice.bomb blog "clearly" state to take both sides of the same trade as he is playing a straddle in both GLD and SLV.
https://www.traderschoice.net/money-page--stock-picks.html
If you want to see what the "actual" prices of those contracts were I outlined the trades at my blog. 2 of the contracts hadn't even traded any volume at all even "after" he posted his trades. The put side of the SLV trade showed yesterday's "last trade" of .07 ..the asked (the price you would pay if you submit a market order) is now at .06 and there still isn't any volume. So Greg did not execute a straddle at all as of right now and if he does the volume on those SLV Sept expiry $14 puts will need to pick up dramatically in order to hedge the long side. This is nothing but proof beyond ANY doubt that Greg is a BS artist. But don't take my word for it...go check pricing yourself.
Thanks for the insight. I don´t get it, though. Playing both sides at the same time! Too complicated for me. I try to buy physical gold when I can, as well as silver (but this is a tough one where I am). And to earn my way into de cryptocurrencies world, by blogging in Steemit : -)
Greg can't actually figure out what is going to happen at any given time. Therefore, he tries to "dazzle" everyone with pure unadulterated bs. :-) I'm sure he will remain true to form and close these trades out in 3 trading days or less....claiming a "big victory" to one side or the other. But the "fact" remains that as of right now he still hasn't executed at least 1 position that we know of for sure>>> SLV short to $14 by Sept expiry. I'll continue to provide complete disclosure on any trades I happen to be around to see him post. The 'truth" doesn't mean much to most of the Bananarino faithful of course. T o most here Greg is simply a voice that verifies what they have been thinking all along. If anything he's a snapshot of how the "ave Joe" trades. :-) BTW, I'm sure there is some reason why Greg doesn't disclose "price paid" for ANY trade he posts at his web blog. I'm actually surprised nobody asked him why he hides things. It would take only 1 more second to post the price paid. I'm sure he doesn't disclose prices paid becuz it makes it easier for him to bullshit you guys. :-)
Nice critique, Greg seems like a nice guy but i don't find his analysis particularly technical. He spends a lot of energy restating the big picture without a strong technical analysis of any one sector or security. Please be careful everyone.
Over at Utube someone asked Greg if SLV and GLD should be played as just plain longs or straddles...and Greg did verify the trades were meant to be straddles. So that basically puts him back to being a bs artist because I monitored the SLV Sept $14 puts and they traded "zero" volume until late in teh day when somebody picked up 25 at .06. That's less than a $150 bet. So like I said, he's pumping out bs and as long as he does that I will follow the trades he posts whenever I see them. I also placed and outright short on FB btw...to 150 by the Fri after the 4th of July. I decided to just take the good side of his dummass straddle that ended up losing him .75 per contract overall on his last "try" with FB.
I just listened to his entire spew and he is advocating the long side of both the GLD and SLV trade. But that's not what his website is saying he is doing. So he needs to either change the trade to show that he only bought the call side of these trades...or stop bullshitting people.