$ Silver $
- Thread starter SethArb
- Start date
I think it was only a matter of time until structural shorts came in to pound the market to give them time to breathe. Now they can cover at more reasonable rates, and it allows the market to progress in a more reasonable manner. Remember, that tomorrow is options expiration friday, and being on the right side of that might be very important if you were short options.
Frankly, with such a parabolic move, I was getting very nervous about silver and most things in general. I can tolerate a slower, but still strong, general rise which gives some people time to adjust and move into the metal, instead of just going *what happened* and feeling priced out of the whole move.
Frankly, with such a parabolic move, I was getting very nervous about silver and most things in general. I can tolerate a slower, but still strong, general rise which gives some people time to adjust and move into the metal, instead of just going *what happened* and feeling priced out of the whole move.
Quote from SethArb:
thats nonsense ... yes .. it could happen
I know how to read a chart ... but in order
for this to occur gold would have to drop
to below $$580 ... do you think $gold drops
another $25- $35 tomm ?
if so then go short silver
and cover at $10
( no position ... except my silver coins that
I still have not sold )
There is 1 important rule in life - never say never. If you look at 10 year chart of Gold, what would you see happening at the moment? Would you see a possible peak there? We all heard that tech funds have a recent tendency to NOT buy and hold. And considering that sort of approach in conjunction with Big sellers still being around - another sell off today becomes a high probability and if China is one of the majors with short interest and the techs are selling as well to lock in profits the old time formula becomes more evident and a lot more volatile if/when dealers get involved. So $580 Gold is just as possible today as Silver @ $10. I am not saying this a definite play today, but a high probability.
EDIT: Very little chances for a novice trader here, no matter how brilliant the methodology used. Trust me, I am very bullish on Silver, though in a physical format.
2gtt- My experience has always been that Man is a good firm. If you're unhappy with your fill and can show other prints where you think you could have been filled, its worth talking to them and not taking the brokers word. If no results, at least write them a letter to their Compliance group asking for a WRITTEN explantion.