err what news did I just miss?
- Thread starter Aureus
- Start date
H
House
Guest
SS group buy
Tsunami in Chilie caused a spike in PM prices in the markets.... it's perfect chaos theory 
http://www.adpemploymentreport.com/2014/March/NER/NER-March-2014.aspx
they don't really suck, so what is with that spike?
they don't really suck, so what is with that spike?
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.
H
House
Guest
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
I just sold some carded stock horses which appears to have swayed the futures markets. 
House said:
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.
mmissinglink
Active Member
It's a momentary hiccup...it will pass.
mmissinglink said:
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...
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.
Pirocco
Well-Known Member
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.
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.