Posted byMessage
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76189 posts

re: SLV


Agreed.





Back to top
Ace Midnight
LSU Fan
Ball, LA - Home, Sweet Home
Member since Dec 2006
26232 posts

re: SLV


Russian - what should I look at for an exit position from this?

It looks like it has trouble at about $22 since May, except for that bump from late August to mid September - $21 6/8 would be up $2 1/2 that would be about 12% (for me).

Does this thing move primarily on the spot price of silver?



This post was edited on 11/21 at 8:08 am


Back to top
Lsut81
USA Fan
Member since Jun 2005
61455 posts

re: SLV


quote:

Russian - what should I look at for an exit position from this?


I don't know about him, but I'm going to ride it up to between 22-23

Looks like that is about where it runs up to then drops back.






Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76189 posts

re: SLV


quote:

Does this thing move primarily on the spot price of silver?
I think it's a combination of spot and futures prices.

quote:

what should I look at for an exit position from this?
That depends on your risk tolerance.

I adhere to Warren Buffett's saying, "No one ever lost money by taking profits."






Back to top
Ace Midnight
LSU Fan
Ball, LA - Home, Sweet Home
Member since Dec 2006
26232 posts

re: SLV


quote:

I adhere to Warren Buffett's saying, "No one ever lost money by taking profits."


I just started this year - I've lost money on a put option, but I haven't lost money on an equity buy, yet. I don't do a good job of putting in stops, but I get a feel for a stock and *knocks on wood* haven't lost any money at the exit point.

quote:

That depends on your risk tolerance.


Over 5 months, I've dabbled in a little bit of everything - dividends, pennies, an undervalued REIT - this is my play money, "found money", if you will. I just don't know anything about metals. If this thing can double in 3 or 4 years, after halving by January, I can live with that. I mean, silver is never going to be worth nothing, right?

quote:

I think it's a combination of spot and futures prices.


I can live with that - I think I got it pretty low - I may just let it ride for awhile. If it jumps to $22 pretty quickly, I might just take the money and run.






Back to top
Lsut81
USA Fan
Member since Jun 2005
61455 posts

re: SLV


quote:

"No one ever lost money by taking profits."


Well frick, I better not sell right now






Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76189 posts

re: SLV


quote:

but I haven't lost money on an equity buy, yet.
I wish I could say that....

quote:

I just don't know anything about metals.
Apparently, me neither.

quote:

silver is never going to be worth nothing, right?
Right.

Right?!?!?

Right. Bitcoin on the other hand....






Back to top
Ace Midnight
LSU Fan
Ball, LA - Home, Sweet Home
Member since Dec 2006
26232 posts

re: SLV


quote:

Right.

Right?!?!?


Remember the Hunt fiasco? (Okay, maybe I do know a little about metals, but only obscure historical stuff - not actually how to "make money" with them. )






Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76189 posts

re: SLV


quote:

Remember the Hunt fiasco?
I've studied about it in history if that helps.

If you had been on this board about 3 or 4 years ago when precious metals made their big move up you would have read numerous posts predicting gold was going to hit $5,000/oz and silver was going over $100/oz. I was not one of those posters.






Back to top
Ace Midnight
LSU Fan
Ball, LA - Home, Sweet Home
Member since Dec 2006
26232 posts

re: SLV


quote:

If you had been on this board about 3 or 4 years ago when precious metals made their big move up you would have read numerous posts predicting gold was going to hit $5,000/oz and silver was going over $100/oz. I was not one of those posters.


Same types of nuts who make dire predictions about AGW - dangerous to assume that a complex system will not adjust to changing conditions.

Oh, and I just put a stop in on SLV at $18.55 - I know enough to know that I don't know anything.






Back to top
Lsut81
USA Fan
Member since Jun 2005
61455 posts

re: SLV


quote:

Oh, and I just put a stop in on SLV at $18.55 - I know enough to know that I don't know anything.


Selling out already?






Back to top
Ace Midnight
LSU Fan
Ball, LA - Home, Sweet Home
Member since Dec 2006
26232 posts

re: SLV


quote:

Selling out already?


No - capping my losses at 3%, should they occur.






Back to top
Lsut81
USA Fan
Member since Jun 2005
61455 posts

re: SLV


quote:

No - capping my losses at 3%, should they occur.


See, I don't see PM's like a normal stock... Its not like Silver is going to go out of business and you will lose everything.

I can let it sit for a few months and go from there.






Back to top
Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
54553 posts

re: SLV


I'm gonna be in at $19.00. I think $20,000 is a good number.





Back to top
Lsut81
USA Fan
Member since Jun 2005
61455 posts

re: SLV


quote:

I'm gonna be in at $19.00.


Did you get in at 19?






Back to top
TigerTatorTots
New Orleans Pelicans Fan
The Rec, Middle Courts- retired
Member since Jul 2009
63671 posts

re: SLV


Come on line graph...keep going UP! That'll do it...keep on going!


This post was edited on 11/21 at 11:29 am


Back to top
Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
54553 posts

re: SLV


$19.10 I think





Back to top
econ85
Longwood Fan
Member since Nov 2012
487 posts

re: SLV


I'm on the silver train as of this morning. I bought 20 contracts of the Dec 17 calls for AGQ.







Back to top
William Stephenson
Virginia Fan
Mare Liberum
Member since Oct 2013
340 posts

re: SLV


Silver various stat data (prev. 180 trading days--using front month rolling futures; using Friday's close)

Correlations
S&P 500: -61%
WTI Crude: -33%
Euro: -35%


Gold: +96%
Copper: +86%
30-YR Treas: +60%
10-YR Treas: +59%

Implied Vols (futures options)

Mar '14 Silver Implied Vol : 27.17%


Mar '14 S&P 500 Implied Vol: 12.97%
Mar '14 30-YR Implied Vol: 8.35%

Apr '14 Gold Implied Vol: 18.99%

June '14 S&p 500 Implied Vol: 14.37%











Back to top
Cmlsu5618
McNeese State Fan
Destin/Jacksonville, FL
Member since Sep 2010
1807 posts

re: SLV


Don't look now Russian.

It's been a tough one for SLV today...






Back to top



Back to top