Silver price going parabolic AGAIN
- Thread starter leon1998
- Start date
Silver_Dealar
Member
leon1998 said:Non-Farm-Payroll smackdown!
Just covered half of my silver short @19.3
Just in time as well!
Silver_Dealar
Member
leon1998 said:Damn, should have covered ALL; still half left.
What's going on?
Silver_Dealar said:leon1998 said:Non-Farm-Payroll smackdown!
Just covered half of my silver short @19.3
Just in time as well!
The past week is what happens when an unstoppable force hits an immovable object ( new people investing in silver and supply demand principles vs manipulation by the banks). However, one theory is that the force just passes through the object creating a lot of energy; I.e. VOLATILE SILVER THEN TO THE MOOOOOOOOONNNNN!!!! Or maybe it's just late and I'm slightly light headed right now lol
Caneorange
Member
leon1998 said:Non-Farm-Payroll smackdown!
Just covered half of my silver short @19.3
Curious as to the logic on covering half your positions and not more or less.
I doubled down on my short position when silver hit 20.4 USD/oz.
Today I just covered that position, to reduce my risk.
Today I just covered that position, to reduce my risk.
Caneorange said:leon1998 said:Non-Farm-Payroll smackdown!
Just covered half of my silver short @19.3
Curious as to the logic on covering half your positions and not more or less.
Silver_Dealar
Member
BulkCoins15 said:
DJA up, contrarily silver is up and AUD up. Usually PMs move contra to the DJA but the metals are running independant of the economy to their own agenda. As stated earlier, investors are chasing physical for the myriad of reasons that stackers espouse.
Sometime down the track, the solar industry will swallow up all silver reserves and futures. It's the old give a guy a fish or a fishing line clich. Once you build a solar array, it keeps on giving, oil and coal keep on costing.
Sometime down the track, the solar industry will swallow up all silver reserves and futures. It's the old give a guy a fish or a fishing line clich. Once you build a solar array, it keeps on giving, oil and coal keep on costing.
I will jump in and say I bought a small short position to hedge some physical buys at ~22/oz. The short initiated @ $20.15 Should it take a dump I can cash in and hedge the physical. If it goes up I'll dump the position. Spot has only moved sideways and hasn't really pulled back, if there's a minor pullback @ $19 i'm content and will exit at 18.5 or $19. or exit @ 22.
Silver should go much lower yet leon.
Jim4silver
Well-Known Member
My calls have been wrong a lot for the past few years (I am a recovering permabull) but I have said for a while I think we will go lower 1 more time before the real liftoff. I thought even that call would be wrong over the past few weeks seeing silver shoot up to $20+.
All those commercial shorts are hard for me to ignore. Plus oil has been tanking (pun intended) and I think that shows short term direction for commodities in general.
Just my opinion.
Jim
All those commercial shorts are hard for me to ignore. Plus oil has been tanking (pun intended) and I think that shows short term direction for commodities in general.
Just my opinion.
Jim
silver kook
Active Member
I think a lot of people will have a nice surprise when they wake up this morning and see silver $1 an oz higher in AUD. Good luck with those shorts!
BulkCoins15 said:
It means, I put a paper short because there wasn't a significant pull back and I was expecting one because I purchased a significant position in physical @$20, ~400oz. The paper position was used as a hedge if spot dropped, which it did. If spot broke down below $19 and I closed, then my physical position would've been had a little discount. Since it went below $20 I was already in the money. Once the fed released the notes and spot hit $20 again, I closed out, netting $0.55/oz discount on the physical ($220 or 10-12 oz), if silver would've dipped lower(or I closed out earlier) obviously that number would be higher, which I would've sold and bought more physical if it got low enough. The thing is the pull back happened and it didn't break $19, so since it climbed up it's a good thing, higher lows. If the price went up, I didn't really care because I had a stop loss anyways and my physical is in the money.
Because i mention paper, are you assuming I didn't have physical? The metal means nothing to me. It's all in a vault whether I own it or not. What is valuable are the skills I have to keep acquiring more.
I was just sharing some info. Even in english some people don't understand it. Those that do save a bit more money or stack harder. Careless speculators are the ones who make it or lose it big. The time it took was 5 minutes for the discount.
Never worried about profit or loss, will only sell AFTER the SHTF Day dawns, perhaps a year or so after that in fact.
First sales will be to recoup+ the entire investment, and the rest is gravy.
JMO
OC
First sales will be to recoup+ the entire investment, and the rest is gravy.
JMO
OC
mmissinglink
Active Member
Boom!
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