$ Silver $

you are right of course if you bought the dips at the right time ... even a chimp throwing darts
might have made money going long on the dates his dart hit the calender however

the wrong day with the wrong leverage in futures markets would have or could have wiped out
even mr chimp as there have been a few
dips of 50 cents to $1.00 along the way
 
I sit and watch this run and find I am unable to raise the balls to enter. There are plenty of other things to play, but this....this is pure, unadulterated madness.
 
you should have been watching the silver market

in 1987 ... it dropped $3-4 one day after making new contract highs gold dropped $40 or so that day

they had to close the COMEX exchange for a day
if I remember correctly
 
Would be a nicer place to re-enter the market, that's for sure. I can't do it here no matter how it looks. I just can't. Call me a sissy if you want.
 
Quote from Ivanovich:

Would be a nicer place to re-enter the market, that's for sure. I can't do it here no matter how it looks. I just can't. Call me a sissy if you want.
More...

more like smart kinda guy
 
there is still a massive open short position on Silver, question is - are they going to cover any time soon, which will obviously explode today's price of silver OR would they yet again average to the existing short?

Feel like gambling tonight?
 
Quote from romik:

more like smart kinda guy
More...

I don't feel smart. I feel like a sissy! :(

And if I want to gamble, I'll just go across the street to the casino outside my condo.
 
in the early 1980's the COMEX changed the rules

if my memory is correct they only allowed liquidations ... and no new buys ...

now ... that might have been an extreme case

with silver at the time in the $ 40 area

and defaults looming ... everywhere

the end of the story was that the COMEX

survived and the Hunt brothers lost big
 
$14 ... another new round number was hit post

comex close mid afternoon ...

will the next $1.00 move be to $15 or $13 ?

stay tuned ... and use stops !
 
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