- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: This could be something....Look beyond equities, Silver to be the next short squeeze
Posted on 2/1/21 at 7:46 am to TheChosenOne
Posted on 2/1/21 at 7:46 am to TheChosenOne
I took profits (BIG) on $AG last week. I'm now here for the long ride.
Misterc, are you thinking if silver breaks $30 we're going to run wide open? That seems to be consensus of a lot of silver traders. I was planning on playing that on futures.
Misterc, are you thinking if silver breaks $30 we're going to run wide open? That seems to be consensus of a lot of silver traders. I was planning on playing that on futures.
2
Posted on 2/1/21 at 7:47 am to BobRoss
I own a little big of Hecla Mining Company (HL) which looks like it's going to run this morning too - up 25% pre-market.
Posted on 2/1/21 at 7:47 am to TheChosenOne
quote:
Premarket: First Majestic Silver (NYSE:AG) +40%, Pan American Silver (NASDAQ:PAAS) +17%, Coeur Mining (NYSE:CDE) +23%. Elsewhere, COMEX gold is up 1% to $1868.20/ounce, while palladium is 3.7% higher.
quote:
Flashback:
In 1979-80, the Hunt brothers attempted to corner the silver market by buying up one-third of the entire world supply (other than that held by governments).
Within a year, the price for silver jumped 713% to a record high of $49.45 per troy ounce, but later collapsed in an event called "Silver Thursday." COMEX adopted "Silver Rule 7," which placed leverage restrictions on the purchase of commodities on margin, and the Hunt brothers had borrowed heavily to finance their purchases.
The GSR has dropped from $69:$1 to $62:$1 in less than a week !
This post was edited on 2/1/21 at 7:51 am
Posted on 2/1/21 at 8:32 am to cadillacattack
This time last week spot delivery for generic 100 oz bars was running 9% retail. As of this am this is sitting at 23% with 4-8 week lead times.
The push on the price is not just retail, Pro's are on this too. I expect choppiness, but still leaning towards bullish momentum.
I'm watching the buying in SLV and PSLV today. If these trends continue we could have another quick leg up.
The push on the price is not just retail, Pro's are on this too. I expect choppiness, but still leaning towards bullish momentum.
I'm watching the buying in SLV and PSLV today. If these trends continue we could have another quick leg up.
Posted on 2/1/21 at 8:36 am to misterc
ThinkOrSwim is running INCREDIBLY slow.
Posted on 2/1/21 at 8:36 am to BobRoss
Also, the margin requirement for trading silver futures has shot up from 15k to 22k.
Posted on 2/1/21 at 8:37 am to BobRoss
isn't this silver thing a diversion?
Posted on 2/1/21 at 8:38 am to FMtTXtiger
quote:
isn't this silver thing a diversion?
Not when the fundamentals make it a good play.
Posted on 2/1/21 at 8:41 am to NYNolaguy1
My Feb 12th AG $25 Calls are "only" up 150%...was expecting a lot more. Think they'll take off?
Posted on 2/1/21 at 8:58 am to FMtTXtiger
WSB coming out hard against silver this morning
Posted on 2/1/21 at 9:02 am to hombreman9
Interesting... price of silver holding pretty steady, but AG falling like a rock
Posted on 2/1/21 at 9:04 am to hombreman9
$AG will catch back up.
Posted on 2/1/21 at 9:12 am to hombreman9
quote:
WSB coming out hard against silver this morning
The real problem with GME is that the fundamental stock is outrageously overpriced at this point. Someone is going to be left holding the bag at the end of the ride, and WSB is super sensitive to that reality. So when another better play with better fundamentals comes along they will find any reason to shut it down.
Posted on 2/1/21 at 9:14 am to BobRoss
quote:
Misterc, are you thinking if silver breaks $30 we're going to run wide open? That seems to be consensus of a lot of silver traders. I was planning on playing that on futures.
I'd like to see solid close over 30, this trade tends to create a feedback loop where physical gets hard to come by then price ratchets up, higher prices cause more people to jump on the train. Just know it goes the same way on the journey down.
This is really beyond the WSB crowd, They just lit the fire, silver perma bulls, traders who recognize value, etc are driving the narrative. It's not the same setup in terms of a GME gamma squeeze, it's more that the derivatives market controls a small amount of underlying and if there is a run on physical the price will correct upwards.
The bottom line that I said in the original post is it really is a small market that has not seen a run to its all time high in over 9 years much less its inflation adjusted all time high.
Posted on 2/1/21 at 9:18 am to TheIndulger
I sold half of my AG calls to lock in profit. They were up 4,000% since last Wed and I couldn't pass it up.
The rest is riding it out.
May look for other entry points.
The rest is riding it out.
May look for other entry points.
Posted on 2/1/21 at 9:21 am to hombreman9
quote:
WSB coming out hard against silver this morning
that is SHOCKING
Posted on 2/1/21 at 9:24 am to rocket31
I'm buying puts on GME out of spite.
Posted on 2/1/21 at 9:25 am to rintintin
quote:
rintintin
Good job! I'm looking for what I think is a good entry point into silver futures and will let it ride. Maybe if we either break $30 or touch $29.
Posted on 2/1/21 at 9:31 am to misterc
If looking to hold bullion, causeway coin still has plenty in stock. Bars and eagles.
Posted on 2/1/21 at 9:56 am to lakeviewtiger
I can't believe I let you monkeys talk me into buying AG.
Page 20 of 25
Popular
Back to top
Follow TigerDroppings for LSU Football News