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re: Metals, silver in particular, getting crushed.
Posted on 7/7/15 at 6:23 pm to Iowa Golfer
Posted on 7/7/15 at 6:23 pm to Iowa Golfer
A play on metals would be a bearish bet on the dollar. I am not willing to make that bet right now.
Posted on 7/7/15 at 6:44 pm to Janky
I have a written agreement with the dealer I buy from to sell back at spot. Limited to 10K oz any one week.
Janky is correct, A strong dollar doesn't normally help although we've had periods of a strong dollar and high silver prices. I don't see what I'm doing as a bet against the dollar for reasons I'm not going to get in to though. JP Morgan probably isn't betting against the dollar currently, but they have the most physical possession they've had in a long time.
I merely try to copy people, like JPM in this instance, who do complicated stuff like trying to buy at as low of a price as possible, and eventually selling at a higher price.
I'm from Iowa. We're pretty simple up here. Laffy.
Janky is correct, A strong dollar doesn't normally help although we've had periods of a strong dollar and high silver prices. I don't see what I'm doing as a bet against the dollar for reasons I'm not going to get in to though. JP Morgan probably isn't betting against the dollar currently, but they have the most physical possession they've had in a long time.
I merely try to copy people, like JPM in this instance, who do complicated stuff like trying to buy at as low of a price as possible, and eventually selling at a higher price.
I'm from Iowa. We're pretty simple up here. Laffy.
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