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Started By
Message
SLV - Holy Cow! Down to $17.16
Posted on 9/19/14 at 9:50 am
Posted on 9/19/14 at 9:50 am
Well, I thought I'd jump at $7.50 but this thing has lead feet. Dropping horrendously. I want in Now.
9
Posted on 9/19/14 at 9:53 am to ynlvr
markets are booming which means metals are sinking
Im more interested in gold like GG
Im more interested in gold like GG
Posted on 9/19/14 at 10:02 am to ynlvr
quote:I personally don't think it's going to go that low. But I could be wrong.
Well, I thought I'd jump at $7.50
Posted on 9/19/14 at 10:03 am to LSURussian
i thought he meant 17.50, a typo
Posted on 9/19/14 at 10:07 am to Northwestern tiger
quote:Oh, okay...that makes a lot more sense. Thanks.
i thought he meant 17.50, a typo
Posted on 9/19/14 at 10:08 am to LSURussian
Oops! 
Posted on 9/19/14 at 10:55 am to ynlvr
quote:
lead feet
Why not lead? It isn't shiny but so what?
Posted on 9/19/14 at 10:59 am to ynlvr
quote:
Down to $17.16
shite needs to go up so I can unload a ton of the physical I have. Can't complain though, because even though PMs are down, my stocks are sky high. Will take the latter going down for PMs to go up.
Posted on 9/19/14 at 1:44 pm to foshizzle
quote:
Why not lead? It isn't shiny but so what?
Yeah, I should probably give bitcoin a good look too since it's back below $400 again. Or not.
Posted on 9/19/14 at 1:59 pm to ynlvr
Interesting when you look at the manipulation.
The central banks are printing trillions and dumping it all into the stock market. Then shorting paper precious metals contracts with high speed trading.
Makes for excellent bonuses on Wall Street and plenty of Ferrari orders.
In the meantime, Main Street getting crushed with no decent jobs and soaring unemployment with piles of debt.
The central banks are printing trillions and dumping it all into the stock market. Then shorting paper precious metals contracts with high speed trading.
Makes for excellent bonuses on Wall Street and plenty of Ferrari orders.
In the meantime, Main Street getting crushed with no decent jobs and soaring unemployment with piles of debt.
Posted on 9/19/14 at 2:02 pm to PG
quote:Central banks are buying stocks?
central banks are printing trillions and dumping it all into the stock market.
Posted on 9/19/14 at 2:03 pm to LSURussian
Indeed - dig deeper. Central banks are dumping $ into the markets
Posted on 9/19/14 at 2:06 pm to PG
quote:Link please?
dig deeper.
Posted on 9/19/14 at 2:08 pm to LSURussian
LINK
Just google Central Banks buying stocks - trillions floating all over.
Uber wealthy buying up physical SLV and GLD like mad. May be something to the theory of a huge take down leaving quadrillions in derivatives and debt to blow up?
Just google Central Banks buying stocks - trillions floating all over.
Uber wealthy buying up physical SLV and GLD like mad. May be something to the theory of a huge take down leaving quadrillions in derivatives and debt to blow up?
This post was edited on 9/19/14 at 2:11 pm
Posted on 9/19/14 at 3:08 pm to PG
I knew this was a zerohedge conspiracy
Posted on 9/19/14 at 3:11 pm to jso0003
quote:I didn't even bother to click on the link when I saw it was zerohedge link.
I knew this was a zerohedge conspiracy
Posted on 9/19/14 at 4:09 pm to LSURussian
LINK
Bloomberg article months before zero hedge.
LINK /
USA Today
No telling who to believe but what is obvious is there are no jobs being created and the middle class is being destroyed by low wages and inflation in housing, food and medical expenses ........
Bloomberg article months before zero hedge.
LINK /
USA Today
No telling who to believe but what is obvious is there are no jobs being created and the middle class is being destroyed by low wages and inflation in housing, food and medical expenses ........
This post was edited on 9/19/14 at 4:16 pm
Posted on 9/19/14 at 4:51 pm to PG
quote:
ut what is obvious is there are no jobs being created and the middle class is being destroyed by low wages and inflation in housing, food and medical expenses ........
Posted on 9/20/14 at 7:08 am to I Love Bama
Two things one might, or might not wish to consider about picking some point to go long that would somewhat mitigate the Fed's stimulus beating the price down.
The all in cost of miners. This impacts supply. Miners simply shut down mines when prices reach these low levels.
Industrial demand.
Here is what I find interesting, and what I think has potential:
July 2019 silver $19.42.
December 2018 silver $19.12.
Jan 2016 silver $18.24
December 2015 silver $18.009
I would tend to believe based on miner's all in costs, which are hard to get one's head around because silver is in many cases found when mining for other metals precious and other wise, even with a drop in both industrial and investment demand, the current price levels are not sustainable for the outlying months/years quoted.
The all in cost of miners. This impacts supply. Miners simply shut down mines when prices reach these low levels.
Industrial demand.
Here is what I find interesting, and what I think has potential:
July 2019 silver $19.42.
December 2018 silver $19.12.
Jan 2016 silver $18.24
December 2015 silver $18.009
I would tend to believe based on miner's all in costs, which are hard to get one's head around because silver is in many cases found when mining for other metals precious and other wise, even with a drop in both industrial and investment demand, the current price levels are not sustainable for the outlying months/years quoted.
Posted on 9/20/14 at 7:41 am to Iowa Golfer
With respect to SLV, I looked briefly this morning. All sorts of intriguing plays as they have LEAPS out to 1/2017.
Buy a 1/2017 $18 leap call for $218. Total risk is $218.
Finance the above with a spread by selling the 1/2017 $30 leap call. Reduce total cost of trade, also reduce potential profit of trade.
More risky would be to place a synthetic long leap spread. Buy the $18 leap call and sell the $18 leap put. You'd get paid $42 for every spread. In a worst case scenario the call would expire worthless, and you would be obligated to buy 100 shares of SLV at $18. SLV could be trading at any price point lower than $18.
You can mitigate this in all sorts of ways with hidden order to cover etc.
Really though, I would think buying a 1/2017 $18 call for $218 is really a very conservative play. Total risk $218, theoretical profit is unlimited.
Buy a 1/2017 $18 leap call for $218. Total risk is $218.
Finance the above with a spread by selling the 1/2017 $30 leap call. Reduce total cost of trade, also reduce potential profit of trade.
More risky would be to place a synthetic long leap spread. Buy the $18 leap call and sell the $18 leap put. You'd get paid $42 for every spread. In a worst case scenario the call would expire worthless, and you would be obligated to buy 100 shares of SLV at $18. SLV could be trading at any price point lower than $18.
You can mitigate this in all sorts of ways with hidden order to cover etc.
Really though, I would think buying a 1/2017 $18 call for $218 is really a very conservative play. Total risk $218, theoretical profit is unlimited.
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