What's the betting we get another bump before the four day shut-down? Gotta give kudos to AM - he seems to have called it; just have to wait and see whether the bottom is defined. I'm already in (better early than too late), but if I decide to forgo sleep I'll check the miner option calls and see if there are bargains to be had with my remaining pittance. I have a single put position - hold or profit? Can't do anything till Chicago opens so I'll check in later.
Gold's been more reactive than silver for the past couple of weeks, jumping up a few times while silver has been rather sluggish to do so
Got in and out on SLV MarWk5 27.5 Calls. Late in. late out, and not enough, but it's paid for all my protective puts; I've closed the unexpired remainder. If I'd been a trader that would have been a very lucrative double 0.1 to 0.27 (I got 0.13 to 0.25). I was positioning for protection on the dip, but couldn't resist the rebound. Now it's all Call Stupids (gotta love that name) with currently only a hint of green to their name - but I have hopes. Most are leaps, but I have a few calls over the next month or so. Now we have to see whether it's a Bull Trap. Happy to try that one again if we have another smackdown (and I'm awake).
Alright, boys and girls. I admit my ignorance. I'm looking at this morning's Kitco charts for both Gold and Silver showing a sharp exponential rise to $1603.9 and $28.67 respectively in what I thought was the Easter break, and I haven't got a clue. What's going on?
My kitco charts are saying the same thing. Whereas the charts on SS show that silver has breached 28USD. So which is the faulty one ?
Glad it's not just me. I wondered whether it was some arcane 'return to physical fix price' artefact given it's a long shutdown. Somewhat academic given the markets are offline, but I wonder what the dealers are operating to? Also: There is someone out there saying that there was an after hours manipulated drop of 50c on Silver.
H, I bought a small amount into the first hour of Asia trade with GoldMoney and the price was pretty much at the low of $27.85 ish. It gave me the price stamp on their confirm screen and I did get that but since it has been wild and erratic on their front page. If you look at Netdania the pattern isn't correct but there are definitely some bourses open to get the futures prices. At time of writing their daily chart is giving me $27.98. What has annoyed me more is the online dealers are not updating any prices from what I can see to reflect the after market drop. I have never seen this before as there is always something trading. I expect it to continue down but if I don't get some coins later today (as they won't play ball) I won't be impressed. Can sense a few complaining e-mails on the horizon
