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re: SLV

Posted on 12/16/13 at 1:39 pm to
Posted by Lsut81
Member since Jun 2005
81460 posts
Posted on 12/16/13 at 1:39 pm to
quote:

I wouldn't.


Any insight as to why not?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10358 posts
Posted on 12/16/13 at 2:45 pm to
The demand for silver is huge, and the price seems disconnected to that.

Apple has indicated they are having trouble meeting their required supply for manufacturing.

The charts indicate lower is likely, but not much lower, and if you bought recently, my insight is why miss the upside? The fundamentals, mostly supply and demand, speak for themselves.

I'm a silver bull. I own silver. I just trade the paper. For me right now to take possession, I have to pay greater than a dollar over spot price. When demand is lower, I usually never pay more than a $1 over.

There is a vast amount of research in to the reasons why, and even some conspiracy theory type arguments.

SLV and options on SLV you can only see volume and open interest. The futures contracts however, you can see exactly which institutions are lines up on which side. There is a required report that comes out monthly I believe.

JP Morgan is the biggest short. There is also a relationship between JP M Chase and I shares SLV. I'm not sure if they are the custodian of the silver, but I had thought I read that somewhere.

I'm in the middle of closing out my year, or I could give you a complete laundry list why silver is a good long term hold.



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