Started By
Message

re: Metals, silver in particular, getting crushed.

Posted on 7/7/15 at 6:23 pm to
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 7/7/15 at 6:23 pm to
A play on metals would be a bearish bet on the dollar. I am not willing to make that bet right now.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 7/7/15 at 6:44 pm to
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.
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram