Whos buying in the dip ?

[projack]

Remember the million dollar short
Silver Options Trader Bets $1 Million on Price Drop by July

http://www.bloomberg.com/news/2011-...rader-bets-1-million-on-37-slide-by-july.html

May or may not be true.

Also if JPM is losing large amounts of cash already, than it pays to do a trade like that and to try to scare off the buyers !

It is true
I am following the trade online and the position still open

http://www.nasdaq.com/aspxcontent/options2.aspx?symbol=slv&selected=slv&qm_page=37306&qm_symbol=SLV

 

[Skyblues]

nobody drops spot as fast as they raise it. their lag time is longer than their lead time.

yea I will have a mega lag time at the time of exit to make for them all ..

 

[errol43]

For small time stackers there may be little silver to buy in the dip. Recent spikes in silver prices has meant that coin shop dealers have moved prices up quickly but as has been said in previous posts there will be a lot longer lag time for prices to revert to previous spot to price ratios. If you happen to spot a bargain, you can't afford to mess around. Any silver selling under $45oz AU would have to be considered a rare find. Even dealers on the SS site are running low.

Stories are starting to appear more regularly by ss members of silver shortages and new stackers who have just arrived are starting to feel they may be too late. We may not be sheep on SS but I hope we don't get to hunt silver like wolves.

Regards Errol43