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re: SLV

Posted on 12/16/13 at 2:45 pm to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10248 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.



Posted by Iowa Golfer
Heaven
Member since Dec 2013
10248 posts
Posted on 12/18/13 at 4:08 pm to
Everything is proceeding as planned. I left today at 2, so I could smoke a nice victory cigar.

Carry on.
Posted by RickAstley
Reno, Nevada
Member since May 2011
2012 posts
Posted on 12/19/13 at 7:23 am to
quote:

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.


Do tell. Up to this point I have simply collected silver coins. For next year, I have a block of money in my savings set aside to invest, which silver could get a portion of for next year. How long are you talking about holding silver? Will you expand on your laundry list of reasons to hold silver?
This post was edited on 12/19/13 at 7:24 am
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 12/19/13 at 9:15 am to
quote:

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.



sure...I'd like to see it....I've been wanting to bet on silver going up, but haven't been following it..I've always invested only in stocks, etfs & mutual funds, but am wanting to put something into gold or silver now that they've come down...thinking of options instead of ETFs, stocks, or physical, but don't really know the ropes...

Also, do you spend time on any message boards to discuss stock trading?

* Yahoo is full of BS
* Seeking Alpha doesn't seem to follow stocks I'm interested in
* M Fool same as Seeking Alpha

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