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re: This could be something....Look beyond equities, Silver to be the next short squeeze

Posted on 1/28/21 at 9:07 am to
Posted by DawgCountry
Great State of GA
Member since Sep 2012
31575 posts
Posted on 1/28/21 at 9:07 am to
we're back and its only +25% now. down from +45%
Posted by misterc
St. George
Member since Sep 2014
732 posts
Posted on 1/28/21 at 9:09 am to
This is why I was saying ultimately the underlying is what needs to be bought, way harder to stop. Keep stacking!
Posted by TigerinOkieHell
Oklahoma City
Member since Oct 2010
2817 posts
Posted on 1/28/21 at 9:11 am to
Yeah they’re catching onto the game. They’re just going to stifle the buying and wait people out. Such BS. Maybe we do need a revolution.
Posted by rintintin
Life is Life
Member since Nov 2008
16729 posts
Posted on 1/28/21 at 9:12 am to



Give me the strength
Posted by misterc
St. George
Member since Sep 2014
732 posts
Posted on 1/28/21 at 9:25 am to
Silver is not going to go up in a straight line but will go up, words out and people are piling in. Spot Physical premium starting to tick a bit, in normal times generic bars trade 3-5% over spot, we're around 9 percent now. That ~5% should close on the future price or continue to grow, at one point last year it was as high as 50%. These are the numbers you want to look at to see where this trade is at and when its time to take profits. Until then you're not long enough calls
Posted by momentoftruth87
Your mom
Member since Oct 2013
85445 posts
Posted on 1/28/21 at 9:31 am to
What should we expect out of AG today?
Posted by misterc
St. George
Member since Sep 2014
732 posts
Posted on 1/28/21 at 9:37 am to
I'm concerned about trading restrictions, hard to pin when the platform cant let the market operate.

They cant stop the suck of physical though out the market. This why I said the purest play is to go to the long futures market, 2nd way SLV as theres options on it, 3rd buy the physical from a dealer.

Theres at least 99 paper ounces for each real ounce, The needle can move on this fast, I mean shite this idea is not even a day old yet....
Posted by BobRoss
Member since Jun 2014
1705 posts
Posted on 1/28/21 at 9:40 am to
I've got a sell order on my options. As soon as that hits I'm going long on /SI
Posted by rintintin
Life is Life
Member since Nov 2008
16729 posts
Posted on 1/28/21 at 9:49 am to
quote:

misterc


You seem to know your shite. Please keep posting in this thread and keep us non-commodity folks in the know.

Would you suggest /SI calls also?
This post was edited on 1/28/21 at 9:49 am
Posted by BobRoss
Member since Jun 2014
1705 posts
Posted on 1/28/21 at 9:50 am to
/SI is the future contract.
Posted by Centinel
Idaho
Member since Sep 2016
44051 posts
Posted on 1/28/21 at 9:52 am to
quote:

What should we expect out of AG today?


Well currently it's dropping like a rock.

Posted by misterc
St. George
Member since Sep 2014
732 posts
Posted on 1/28/21 at 9:55 am to
quote:

Would you suggest /SI calls also?



Yes as long it fits your risk profile, thats the most bang for your buck.

I've been trading Silver on and off for 13 years, My mentor who I learned from since the 70's.

Everyone please position size accordingly...



Posted by FredsGotSlacks
Baton Rouge
Member since Mar 2008
826 posts
Posted on 1/28/21 at 9:57 am to
quote:


Well currently it's dropping like a rock.

Because no one can buy it on TDA Schwab or robinhood. I was able to get some PSLV and AG on vanguard but if you already have money in another brokerage it takes time to move it over somewhere else and buy. Looks like WeBull is about to get a bunch of new investors from WSB
Posted by Centinel
Idaho
Member since Sep 2016
44051 posts
Posted on 1/28/21 at 9:57 am to
quote:

My mentor who I learned from since the 70's.


You should be living the retired life not worrying about this crap. Unless you're doing it for fun that is.

Posted by misterc
St. George
Member since Sep 2014
732 posts
Posted on 1/28/21 at 9:59 am to
I try but I Cant stop....
Posted by BobRoss
Member since Jun 2014
1705 posts
Posted on 1/28/21 at 10:04 am to
You need a protege...
Posted by CE Tiger
Metairie
Member since Jan 2008
41788 posts
Posted on 1/28/21 at 10:08 am to
Well back to crypto boys this was fun for a few hours
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16691 posts
Posted on 1/28/21 at 10:09 am to
I'm getting screwed over by then not letting others easily buy in.
Posted by misterc
St. George
Member since Sep 2014
732 posts
Posted on 1/28/21 at 10:15 am to
quote:

Well back to crypto boys this was fun for a few hours



Link looking nice today!

FWIW- I see this Silver trade playing out over the course of months

Crypto will be a better investment long term, This Silver thing is an event trade....
Posted by AndyJ
Member since Jul 2008
3125 posts
Posted on 1/28/21 at 10:15 am to
Yeah I sold at $17 after getting in at $14. Sucks
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