Silver ETF (SLV)

Do you think SLV is a sound invetment? (Poll As of October 13, 2009)

  • See u @ $5.00

    Votes: 2 2.7%

  • See u @ $250.00

    Votes: 6 8.1%
  • Total voters
    74
Quote from romik:

http://www.investmentrarities.com/02-26-07.html
More...

Man, I want to get back on the SLV bandwagon. I was in last June around $112 at around a $11 spot price to see the etf go below $100. Obv., I should of bought more on the way down but got out even. I feel like I missed the run and hoping for the manipulation to kick in again one more stride and bring down to $10 spot.

Whenever I read Butler, I always want to buy no matter what price but its the same old stuff from him.

Anyway, I'm bullish silver long term...

Btw, anyone know the deal on collectible capital gains tax on the etf? Do you get banged out harder on taxes on it. Sorry if its a stupid question.
 
Hey Seth, I wonder how the poll would weigh up once $15/150 becomes support? I reckon at least 50/50, considering that in the beginning, when the poll started it was around 80/20. Also poll numbers are pretty pathetic, that also means that silver is not a mainstream instrument just yet, but it will become one day, but that would be the time when I will be selling out.
 
hi romik ... not sure about the poll but here is an article that mentions the silver price as being very volatile during the rest of the yr

www.bloomberg.com/apps/news?pid=2060

-Silver will probably trade in a range of $10 to $20 an ounce in the remaining nine months of this year, CPM Managing Director Jeffrey M. Christian told reporters in Mumbai today.-

-Silver could trade in a range of $10-$20 this year,'' Christian said. ``In one spike it could go up to $20 and come down to $10 in another. It is going to remain very volatile.-
 
Quote from SethArb:

hi romik ... not sure about the poll but here is an article that mentions the silver price as being very volatile during the rest of the yr

www.bloomberg.com/apps/news?pid=2060

-Silver will probably trade in a range of $10 to $20 an ounce in the remaining nine months of this year, CPM Managing Director Jeffrey M. Christian told reporters in Mumbai today.-

-Silver could trade in a range of $10-$20 this year,'' Christian said. ``In one spike it could go up to $20 and come down to $10 in another. It is going to remain very volatile.-
More...

That's why I don't get into intraday action in silver :)
 

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traders seem to be keying off the USD weakness today

SLV could see $140.00 prices later in the week if this trend continues
 
nice bounce .... last few days

somebody has been buying like crazy in silver futures
and perhaps the ETF ( SLV )

not sure if this is end of the month position squaring or
gold - silver ratio adjustments or shorts
in comex futures that need to cover at any price

relative to other factors that might normally
make the buys be less "sloppy"
 
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