I guess its like denial but then again I find it hard to believe that such a low volume should be considered in our data. It is more like an anomaly when you think about the 49 dollars on Easter Monday and now the 5 dollar drop, the extremely thin volumes traded...
WOW! What just happened?
- Thread starter MelbBrad
- Start date
lol - welcome to EXTREME backwardation. 
Yippe-Ki-Ya
New Member
Ouch said:
NOPE - ZERO chance of that happening i'm afraid...
Slam said:
Speculators need to move out of their leveraged positions and let guys like us, who are using real cash to prop it up through solid non speculative positions. When you have a market where leverage is the driving force there is always a lot of external forces outside of the actual price of the commodity that can effect it. An interest rate rise can effect it NO MATTER how important the commodity is.
Even if the commodity is EXTREMELY important (say like housing, we all need to live somewhere right) then once the debt is called in its over NO MATTER how important. The beauty and evil with credit is , it acts like money, sounds like money, smells like money OPERATES like money with one major difference. It can be called up and asked for UNLIKE cold hard cash that you own. So essentially it gives the same smell and sound to a rising commodity that would be rising if real cold hard cash was behind it. And that draws people in in *euphoria* levels i guess - like stellas graph.
If a market is peaking and you know its not fuelled by debt its good, means there is a real need and a real want and you dont get bubbles, if its fueled by debt , when something creaks in one part of the economy and debts need to be paid back that debt fuelled asset is on the way down.
Seeing people buy on the way down is good, means in future there will be lots of holders of silver and the demand will be there and it will be backed by real demand as opposed to speculators laying massive leverage on the line.
Ouch said:
You are onto something ?
Sell your silver now - and 3 weeks later come back and buy it back from us for half price !
dare ya
stellaconcepts
New Member
Yippe-Ki-Ya said:
I dont think so either... but I reckon no-one saw $21->$9 coming during the GFC.
"I reckon were are in territory with conditions no one can call. Too many variables. Similar to Gold."
Agree with that totally.Except gold is less volatile.
Too many variables all the way thru'.
Markets can't function in uncertainty.
Stockmarket,resources market,primary producers..
Agree with that totally.Except gold is less volatile.
Too many variables all the way thru'.
Markets can't function in uncertainty.
Stockmarket,resources market,primary producers..
Peter said:
I did a bit of research as i was having a discussion with a friend and GOLD is more of a cash market, cash market is always safer as it has less chance of moving based on external factors outside of the commodity its self.
Credit/Leverage is the problem, smells like money, sounds like money, effects the markets like real money but gets called back ... something that doesnt happen with cash markets ...
*
Dynoman
Active Member
I wonder if the same guys that made the big sell on Friday and took a big profit are the same guys driving the price north again? Ya know, sell off (profit) reinvest (price increase)
If your talking about market manipulation corps like JPM could easily do this. After all they need to cover their physical sort position. So induce volatility by major buy/sell and take the profit. Simple strategy when you have a lazy couple of bills to play with.
If your talking about market manipulation corps like JPM could easily do this. After all they need to cover their physical sort position. So induce volatility by major buy/sell and take the profit. Simple strategy when you have a lazy couple of bills to play with.
Dynoman
Active Member
plata said:Today I learned not to go by emotions! I did a transaction of 50ct rounds to early ! I could have got them better if just....
Commiserations Plata but I don't think the coin market works that way so fast that you can buy in one day & profit the next. Esp. if it's eBay where your spot prices are virtually irrelevant until the trader lists a new item at a different price. I could be wrong though ?
