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re: SLV - Holy Cow! Down to $17.16
Posted on 10/4/14 at 9:15 am to SmackoverHawg
Posted on 10/4/14 at 9:15 am to SmackoverHawg
And of the precious metals, silver is priced closest to pre-crash levels. Gold/plat/palladium still well above. I'll start buying gold at $900 and down. If it don't drop...I don't buy.
1
Posted on 10/6/14 at 8:17 am to SmackoverHawg
Nice bump this morning. Started all last night. I have no idea why.
Posted on 10/6/14 at 9:27 am to Iowa Golfer
Tempted to start accumulating again. Had set my buy price at <$14. Stocked up last time it was $13-14. Think it could go lower, but that seems like a realistic bottom factoring in actually industrial uses and the global economic issues. Make get a little more here soon. I like playing with the coins too. 
Posted on 10/6/14 at 2:15 pm to Iowa Golfer
I don't know if I want to keep holding my Jan 2017 calls at 18 (bought for 2.00). Seems like another 'no brainer) that I'll have a nice profit in these at some point in the next 2 years, but I don't know if I have the patience to play that game.
Anyone else ever play leaps (SLV or others)?
Anyone else ever play leaps (SLV or others)?
Posted on 10/6/14 at 8:42 pm to Ole War Skule
Stay put Skule, you have plenty of time to get out at a gain.
Posted on 10/7/14 at 7:36 am to Iowa Golfer
It looks like some short covering again. The last COT report I saw was 10/3, and speculators shorts had increased while institutional and non reporting had shifted. I went long paper silver last night.
This post was edited on 10/7/14 at 7:37 am
Posted on 10/7/14 at 12:24 pm to ynlvr
Back up the truck for it!
Posted on 10/7/14 at 9:40 pm to Cmlsu5618
Good idea. Check back in 20 years and we can see if you're right.
Posted on 10/8/14 at 8:16 am to Iowa Golfer
December silver has a lot of activity.
Posted on 10/8/14 at 8:37 am to Iowa Golfer
quote:
December silver has a lot of activity.
do you have an idea on reasons?
doesn't seem to have moved price much
Posted on 10/8/14 at 10:30 am to Ole War Skule
Not really, other than shorts are going to need to be closed and the COT reports indicate there has been a shift in institutional interest.
Posted on 10/8/14 at 11:01 am to Iowa Golfer
Lol.
Fair enough. Let me be more politically correct; back up 5% of the truck for it.
Fair enough. Let me be more politically correct; back up 5% of the truck for it.
Posted on 10/8/14 at 11:26 am to Cmlsu5618
I'm a silver believer as I think there are fundamentals to support it, and there is some evidence that the price is being artificially suppressed.
I'm not in the extreme camp that thinks fiat money will collapse within 60 days, and that there is a world wide conspiracy against precious metals. All I'm saying is that there are some things out there that make me take physical possession of metals.
I think some percentage of a portfolio should be in tangible assets outside of one's primary residence.
I'm not in the extreme camp that thinks fiat money will collapse within 60 days, and that there is a world wide conspiracy against precious metals. All I'm saying is that there are some things out there that make me take physical possession of metals.
I think some percentage of a portfolio should be in tangible assets outside of one's primary residence.
Posted on 10/8/14 at 8:11 pm to Iowa Golfer
I have always followed the model regarding PMs that a when the USD starts trending up, PMs start trending down, sort of an inverse relationship between the two.
To me, silver is still somewhat over-priced. I am still thinking around $16/oz is a good target price to buy.
I know this is silver thread but I am reading that gold is still way over-priced, $800/oz is more a good target price to start buying gold.
Anywho, once silver gets around $16/oz is when I will start buying.
To me, silver is still somewhat over-priced. I am still thinking around $16/oz is a good target price to buy.
I know this is silver thread but I am reading that gold is still way over-priced, $800/oz is more a good target price to start buying gold.
Anywho, once silver gets around $16/oz is when I will start buying.
Posted on 10/9/14 at 7:14 am to Reubaltaich
Gold making a comeback, as predicted by some Austrian economists. The Fed is already fretting over a strong dollar. 
Posted on 10/9/14 at 8:03 am to RollTide4Ever
Looks like a nice bump up all last night and in to this morning. At one point over .60, and no limits on silver contracts. This is one major reason the larger players like to play it btw.
Interesting backwardation curve between 10/29 expiry and cash right now. Actually interesting dynamic between cash, spot and futures.
Edit - I went synthetic long 2016/2017 SLV. I bought DIM $14 calls, and sold lower strike puts in unequal amounts. There was one point if I could have gotten the order that I would have been paid to make this trade with the same risk as buying shares outright. As it is, it cost pennies, so I'm pretty happy about this trade.
Interesting backwardation curve between 10/29 expiry and cash right now. Actually interesting dynamic between cash, spot and futures.
Edit - I went synthetic long 2016/2017 SLV. I bought DIM $14 calls, and sold lower strike puts in unequal amounts. There was one point if I could have gotten the order that I would have been paid to make this trade with the same risk as buying shares outright. As it is, it cost pennies, so I'm pretty happy about this trade.
This post was edited on 10/9/14 at 8:06 am
Posted on 11/3/14 at 2:19 pm to ynlvr
$15.40 folks...
Posted on 11/3/14 at 2:24 pm to bayoubengals88
So intriguing
Posted on 11/3/14 at 2:32 pm to bayoubengals88
quote:
$15.40 folks...
I cut losses on another play I had and jumped in at 15.34 on Friday. It can't go much lower, can it?
This post was edited on 11/3/14 at 2:34 pm
Posted on 11/3/14 at 2:32 pm to bayoubengals88
If this is low, what would be considered high? Also, will this begin rising when interest rates increase?
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