err what news did I just miss?

Discussion in 'Silver' started by Aureus, Apr 2, 2014.

  1. Aureus

    Aureus Active Member Silver Stacker

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    ? :/
     
  2. House

    House Administrator Staff Member

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    SS group buy
     
  3. Aureus

    Aureus Active Member Silver Stacker

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    ADP Jjobs report is getting released at 11:15 right? bit of insider trading?

    Guess the figures are gonna suck :p
     
  4. a1nipper

    a1nipper New Member

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    Still climbing. Maybe Gucci placed another order. :)
     
  5. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Tsunami in Chilie caused a spike in PM prices in the markets.... it's perfect chaos theory :p
     
  6. Aureus

    Aureus Active Member Silver Stacker

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  7. heartastack

    heartastack Member

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    25 cent increase... must be huge news. The only news I have is that this is the exact price I first got into silver in 2010. Right back to square one. Lots was learned.
     
  8. 1for1

    1for1 Well-Known Member

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    Im Keen for some fractional gold at group buy prices, specifically 1/10 Horse but could be convinced otherwise also

    1for1
     
  9. Aureus

    Aureus Active Member Silver Stacker

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    I'm going to throw out a prediction now that gold will finish the week very well.
    I think this little spike may be people seeing average data today and anticipating poor jobs data Friday.

    If you're a betting man, there's money there.
     
  10. House

    House Administrator Staff Member

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    Possibly something to do with Russia being pissed off by JP Morgan blocking an ambassadors funds transfer? Plenty of reports that they will "retaliate" against the US over it
     
  11. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    I just sold some carded stock horses which appears to have swayed the futures markets. :)
     
  12. Aureus

    Aureus Active Member Silver Stacker

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    crossed my mind initially but if you want to get an idea of what news big players are keeping an eye on go to marketwatch or bloomberg. At least in my opinion, if a news story doesn't show up on the front page with a picture it's not worth paying attention to.

    Yes, I know that sounds ridiculous but it's a pretty accurate rule.
     
  13. mmissinglink

    mmissinglink Active Member

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    It's a momentary hiccup...it will pass.
     
  14. ego2spare

    ego2spare Active Member

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    Well, i just about cracked. going to make a buy right about now.....your welcome
     
  15. Pirocco

    Pirocco Well-Known Member

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    It's just the money for nothing club out, in, out, in.
    I'll wait till most of them are out, and so far that wasn't, and still isn't, the case.
     
  16. Aureus

    Aureus Active Member Silver Stacker

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    sure, no one is debating that - purely caused by news. Things like this open up educated (as safe as they get) gambles though, so it's worth a mention. Anyone using this an indicator for a Friday move?
    Yellen expressed concern over the sluggish job market this week as well...
     
  17. funman1

    funman1 New Member

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    I literally just ordered from Provident last night before the spike!
    That's kinda awesome!! hahah
     
  18. LovingtheSilver

    LovingtheSilver Active Member Silver Stacker

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    Is kind of suspicious that gold stocks rose today for no apparent reason, then the gold price follows by rallying this evening. Gold and stocks have been hit hard recently so it could be something as simple as investors picking the bottom??? who knows.
     
  19. Pirocco

    Pirocco Well-Known Member

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    Remember that $39 for some month(s) later in 2011?
    With people asking on forums if it would be the bottom to never revisit?
    Same upspikes, with people describing them as 'breakouts'.
    Well, it's $20 now, halve of that $39.
    So if you think you missed something, or are happy to have bought right before it, well, things can change, and the evolution of the futures market position shows that alot sold during the last $22 revisit. The question then is, when will the futures market position holders terminate their positions? Because then those $22 revisit sales will finally be reflected in the price.
    That's how it is now. Things can change.
    One new element is the Comex depositories silver stock, since end 2011, from a low of 110 Moz, it increased to about 185 Moz, as a long gradual trend over 2 years long. Since a fat week, it's like that gradual long trend reverted, it dropped to under 180 Moz again. But also here: it can be just an interruption of this gradual trend, although it's the first time I saw it drop with that amount.
     
  20. haploid23

    haploid23 New Member

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    Possibly because Bitcoin price had a fat dip, at the same time price silver price rose.
     

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