Honey, Lets Sell the Kids and Buy Gold

nitrene said:
Silver really skyrocketed today. I think my DOTM SLV calls were up like 200% today. Was it just a catch up trade to Gold? It seems like an outsized move compared to GLD.
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Nope. Unless Gold/Silver ratio dropping since Feb 7th high (triple top) is considered ... catching up (92 to 76):-

! GoldSilver Ratio.png
 
schizo said:
Yawn... when will you ever come up with more creative reasons.

This amply demonstrates y'all Bitcoiners don't know how to trade. Ya might as well just buy and hold.
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It's all about expected return. $1300 to 70k is a lot better use of capital than $1300 to $2400. I really doubt anybody has traded from $1300 to 70k in gold PnL..and even if they did they had to grind it out..a hodlr just napped his way to 70k :)
 
wxytrader said:
The number 1 rule in trading is expected return. $1300 to 70k is a lot better use of capital than $1300 to $2400. I really doubt anybody has traded to 70k in gold profits from $1300...and even if they did they had to be a slave to the computer doing it...a hodlr just napped his way to 70k :)
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Oh, STFU already, will ya? :sneaky: Why you even bother bringing up $1300, Mr. Hindsight??? That friggin' happened like 10 years ago. If that's how you wanna argue, fine, I'll let you in on a secret. I bought Gold when it was trading at $10 (and did I just hear you say "uh huh, uh huh, yeah right"? :rolleyes:)

So what the hell does the past price got to do with current price? What matters is what will happen in the future.

Now run along and play with your Bitcoiner buddies in your sandbox.
 
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