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Started By
Message
re: SLV
Posted on 11/20/13 at 8:09 pm to Ace Midnight
Posted on 11/20/13 at 8:09 pm to Ace Midnight
Agreed.
1
Posted on 11/21/13 at 8:08 am to LSURussian
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?
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 11/21/13 at 8:08 am
Posted on 11/21/13 at 8:17 am to Ace Midnight
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.
Posted on 11/21/13 at 8:20 am to Ace Midnight
quote:I think it's a combination of spot and futures prices.
Does this thing move primarily on the spot price of silver?
quote:That depends on your risk tolerance.
what should I look at for an exit position from this?
I adhere to Warren Buffett's saying, "No one ever lost money by taking profits."
Posted on 11/21/13 at 8:26 am to LSURussian
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.
Posted on 11/21/13 at 8:27 am to LSURussian
quote:
"No one ever lost money by taking profits."
Well frick, I better not sell right now
Posted on 11/21/13 at 8:43 am to Ace Midnight
quote:I wish I could say that....
but I haven't lost money on an equity buy, yet.
quote:Apparently, me neither.
I just don't know anything about metals.
quote:Right.
silver is never going to be worth nothing, right?
Right?!?!?
Right. Bitcoin on the other hand....
Posted on 11/21/13 at 8:48 am to LSURussian
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.
)Posted on 11/21/13 at 8:54 am to Ace Midnight
quote:I've studied about it in history if that helps.
Remember the Hunt fiasco?
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.
Posted on 11/21/13 at 8:55 am to LSURussian
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.
Posted on 11/21/13 at 9:02 am to Ace Midnight
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?
Posted on 11/21/13 at 9:09 am to Lsut81
quote:
Selling out already?
No - capping my losses at 3%, should they occur.
Posted on 11/21/13 at 9:17 am to Ace Midnight
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.
Posted on 11/21/13 at 9:20 am to Lsut81
I'm gonna be in at $19.00. I think $20,000 is a good number.
Posted on 11/21/13 at 11:25 am to Broke
quote:
I'm gonna be in at $19.00.
Did you get in at 19?
Posted on 11/21/13 at 11:29 am to Lsut81
Come on line graph...keep going UP! That'll do it...keep on going!
This post was edited on 11/21/13 at 11:29 am
Posted on 11/21/13 at 11:41 am to TigerTatorTots
$19.10 I think
Posted on 11/25/13 at 10:00 am to Broke
I'm on the silver train as of this morning. I bought 20 contracts of the Dec 17 calls for AGQ.
Posted on 11/25/13 at 12:35 pm to Lsut81
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%
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%
Posted on 12/2/13 at 2:12 pm to William Stephenson
Don't look now Russian.
It's been a tough one for SLV today...
It's been a tough one for SLV today...
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