I had a $50 bag of Mercury Dimes in my cart from the other day for $1225
Now they are $1170!
Tomorrow might be $1100!
We just cant lose!
Now they are $1170!
Tomorrow might be $1100!
We just cant lose!
Midnight to 6am - Overnight Spot Watchers Spot...
- Thread starter Turk
- Start date
Aren't silver shorts just the opposite of longs? All they think is that the price will decline and hope to make money from it.
Anything else attributed to the short positions is beyond their scope or a distraction. It's akin to thinking a bull run is due to silver buyers enacting their plans to replace currencies with Ag. Something that is only achievable in their own minds.
Kind of...
Longs can ~take possession, and producers/owners can sell a physical ownership...
Shorts don't generally deliver (Don't actually hold it); Hedgers up to net-even still count in shorts (Own physical + Short digital... To trade physical with spreads, facilitating trade.)
So short "strategy" is generally mid term trending trade of short downward corrections, and not "Inflation Hedge" material long term as Fiat is always debasing.
For me, the volume of shorts being still high may be due to hedging, to keep possession of physical, or shots that may have been hoping for a long time for a correction... probably out of the money at this point, holding on....
if its capital out of the money that is needed in the near future, then they may cover at a loss. if the price stops looking like falling any further (Bottom of short and mid term channels (comparison currency dependency for those chartS too...).
Yeah i couldn't wait any longer, the price jumped 20 bucks this morning.
Mercury Dimes on the way whoohoo!
Mercury Dimes on the way whoohoo!
Trump already folding like a used condom and he's not even in office yet!
Let the games begin!
Let the games begin!
I wonder if he will continue with his WALL....
Awesome buying time coming up?
Very exciting 4years on metals!
Aaaand gold out of the gate again!
Yeh, what do you reckon brought that on? On my updated charts it's formed a new ascending channel with support now at around 2600.
IPDA
Active Member
Bro you literally said a few days ago gold was bearish, stick to your bias
My thesis hasn't changed. It's just put in a new level of support on the ascending channel.
I'm anticipating it will fall below that at some point in time in the next month.
Edit to add: Gold has topped out. These levels of support are there to watch in order to gauge when a potential bottom has been reached which could signal the time to open a position. I don't deliberately buy in a falling market, I consider that dumb.
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IPDA
Active Member
I'm going out tomorrow for some junk silver.
Bear market madness hehe.
Now we're seeing the inverse correlation between gold and DXY we always hear about except they both go up together.
Seems to be a regular thing these last few years.
Bear market madness hehe.
Now we're seeing the inverse correlation between gold and DXY we always hear about except they both go up together.
Seems to be a regular thing these last few years.
IPDA
Active Member
I've given up trying to determine the strong currents of gold and silver. There are so many underlying currents beneath the surface that we never see. Or, to put it another way:
"What would I know? I used to think that Sugar Diabetes was a Greek boxer".
Condescending was a Greek parachutist.