Midnight to 6am - Overnight Spot Watchers Spot...

Discussion in 'Silver' started by Turk, Mar 31, 2011.

  1. Turk

    Turk Active Member

    Joined:
    Dec 23, 2010
    Messages:
    613
    Likes Received:
    76
    Trophy Points:
    28
    Location:
    Australia
    Morning all.

    Starting this thread as a place where those 'serious' stackers who like to watch and discuss the spot price overnight night can gather and share their joys and (probably more likely!) their tears.

    And remember, this this is for posterity, so please include the (USD) Spot price in your posts.

    Enjoy.

    SPOT: $36.43
     
  2. errol43

    errol43 New Member Silver Stacker

    Joined:
    Apr 13, 2010
    Messages:
    6,203
    Likes Received:
    12
    Trophy Points:
    3
    Location:
    Bundaberg
    See you in the wee hours Turk. Someone has to work the late shift.

    Regards Errol43
     
  3. Maggie

    Maggie New Member Silver Stacker

    Joined:
    Feb 9, 2011
    Messages:
    6,346
    Likes Received:
    2
    Trophy Points:
    0
    include me also Turk, always checking till Zzzz needs to catch up. Thankyou.
     
  4. grinners

    grinners Active Member Silver Stacker

    Joined:
    Mar 19, 2011
    Messages:
    1,197
    Likes Received:
    3
    Trophy Points:
    38
    Location:
    Australia
    Am on most nights watching but got work early tommorow so bedtime for me!

    Spot: $37.64
     
  5. Turk

    Turk Active Member

    Joined:
    Dec 23, 2010
    Messages:
    613
    Likes Received:
    76
    Trophy Points:
    28
    Location:
    Australia
    :) g'night grinners. Hi Maggie.

    Tonight is end of week and end of month and end of quarter, so I'd expect one or two solid take down events during the night, probably with a few hours between them. One might be around 10am NY time and another one might be later on when the main markets have closed and volumes are light. I think we will start to see some positive movement by next Wednesday though. We might take out USD$38 and hold it. Here's hoping! Have a good night all.

    Spot: USD $ 37.59
     
  6. Silverthorn

    Silverthorn Well-Known Member

    Joined:
    Apr 29, 2010
    Messages:
    2,629
    Likes Received:
    61
    Trophy Points:
    48
    Good payroll data unemployment rate down.
     
  7. jezzarayman

    jezzarayman New Member

    Joined:
    Nov 1, 2010
    Messages:
    25
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    positive payrolls and unemployment data. Good night to short gold and silver, let's see how low it goes......?:p
     
  8. Naphthalene Man

    Naphthalene Man Active Member Silver Stacker

    Joined:
    Feb 25, 2010
    Messages:
    5,290
    Likes Received:
    6
    Trophy Points:
    38
    Location:
    Hunter Valley, NSW
    ooow my, that drop looks sudden and severe even if it is only 40c silver and $10 gold.
     
  9. Silverthorn

    Silverthorn Well-Known Member

    Joined:
    Apr 29, 2010
    Messages:
    2,629
    Likes Received:
    61
    Trophy Points:
    48
    risky to short. Oil hasn't dropped. Saving down lately, inflation starting to rise. Might just get a bid and turn around.
     
  10. jezzarayman

    jezzarayman New Member

    Joined:
    Nov 1, 2010
    Messages:
    25
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    went short 40 ounces at 1429, hate doing it, but money to be made... we'll see what the floor will be? probably should say if you can't beat them join them

    oh and also unemployment always seems to fall when many give up on trying to find a job! BLS love your work.
     
  11. Skyblues

    Skyblues Member

    Joined:
    Mar 22, 2011
    Messages:
    152
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    Adelaide
    Wow very steep falls both in silver and gold as I write if anyone is around...
     
  12. Arsenal

    Arsenal New Member

    Joined:
    Mar 18, 2011
    Messages:
    345
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Siderney
    Im watching :cool:
    Yeh Silver just had a massive drop in a couple of minutes.......
     
  13. zygote

    zygote Member

    Joined:
    Sep 22, 2010
    Messages:
    280
    Likes Received:
    5
    Trophy Points:
    18
    Location:
    Melbourne
    Meh a minor shakedown, gets rid of the weak paper hands. This is where holding physical shows its strength.
     
  14. Skyblues

    Skyblues Member

    Joined:
    Mar 22, 2011
    Messages:
    152
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    Adelaide
  15. errol43

    errol43 New Member Silver Stacker

    Joined:
    Apr 13, 2010
    Messages:
    6,203
    Likes Received:
    12
    Trophy Points:
    3
    Location:
    Bundaberg
    looks like it maybe a sub $36 night ,

    Regards Errol43
     
  16. adze67

    adze67 Well-Known Member Silver Stacker

    Joined:
    Mar 26, 2011
    Messages:
    3,762
    Likes Received:
    377
    Trophy Points:
    83
    Location:
    A Galaxy far, far away...
    Holding them at 37.25 (got down to 37.03 but didn't break through :) )
    Might be a turning point if 'they' can't smack it below, with end of month/quarter pressures wheeeeeee

    Took 2 hours to knock 70 cents off...got 40 back in an hour
     
  17. Trichter

    Trichter Member

    Joined:
    Dec 15, 2010
    Messages:
    945
    Likes Received:
    7
    Trophy Points:
    18
    Location:
    Australia
  18. errol43

    errol43 New Member Silver Stacker

    Joined:
    Apr 13, 2010
    Messages:
    6,203
    Likes Received:
    12
    Trophy Points:
    3
    Location:
    Bundaberg
    I bought 6 crowns (37) on Thursday for $35each.

    Regards Errol43
     
  19. hem9

    hem9 Active Member Silver Stacker

    Joined:
    Oct 15, 2010
    Messages:
    2,759
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Brisbane
    How did the short go? Made any money?
     
  20. Turk

    Turk Active Member

    Joined:
    Dec 23, 2010
    Messages:
    613
    Likes Received:
    76
    Trophy Points:
    28
    Location:
    Australia
    SPOT: USD $ 38.43

    Evening night crew. We've had a bit of a rise this evening. I'm expecting a flat Monday night (hovering around the current price), with a steady decline going into tomorrow.

    Any up spike tonight will no doubt be greeted by 'the price exterminator'. (I'm sure you've met him!)

    If we do suffer a take down tonight (in the next few hours) don't worry, it won't do much damage.

    Just wait until Wednesday night - we might see the exterminator running to moma with a black eye - or two!
     

Share This Page