$ Silver $

well, that was inevitable in a way, not now then later. That is a great achievement for silver investors worldwide. Silver ETFs can take silver price to a totally new level in the near future. Wow!
 
anybody surprised that it hasn't rallied more? I bought 25 at 10.27 at CBOT and sat and sweated before it took off. You could have bought all you wanted. Squeezing SLW up now too, massive short in there.
 
Reuters ran the headline first.

"The Securities & Exchange Commission has approved rule changes which pave the
way for the creation of the iShares Silver Trust. Further, the SEC states that
the iShares Silver Trust is unlikely to cause silver market liquidity problems."

from CPM
 
what is likely to happen now is dealers opening massive, perhaps one last time, short position at this level to cover some of their open losses, then we see the price go higher.
 
Ha, Niceandasy. No stones here, i sold them out between 10.35 and 10.40 and then watched it run up again. If it breaks down through 10.25ish, I'm going home short
 
You must log in or register to reply here.
Back
Top