$ Silver $

Let's assume that the price of silver is maintained at these relatively low levels partly due to the potential non-existence of demand from the users of silver at much higher levels. At the end of the day, Hunt brothers were accused of trying to manipulate the market, there is no accusation of the dealers at the moment of doing the same by having unrealistic open short positions in silver. Why is that I wonder?
 
with 375 million oz sold short and 125 million oz in the warehouse, there are likely some hedge books in tatters...

annual reports of some major silver miners may make interesting reading...........
 
Keep in mind if a miner has deliverable production, their mark to market on a hedge book may look terrible, but if production costs remain below selling price, they still make money.
 
I've been watching this zoo for the last few weeks. Trying to determine whether I should jump on the wagon or short with the look for a bounce down. I mean, it cannot go up in a straight line forever, can it?
 
Quote from Ivanovich:

I've been watching this zoo for the last few weeks. Trying to determine whether I should jump on the wagon or short with the look for a bounce down. I mean, it cannot go up in a straight line forever, can it?
More...

If you trade futures you are bound to miss the BIG moves, as you are constantly in and out of the market. If you were to invest in silver, that would be a different matter, though prices do seem to oscillate most of the time in any financial instrument, NO ONE can tell you what is the near future price of silver going to be, certainly nobody on this board or any analyst out there. It's entirely up to you to make a decision which route needs to be to taken.
 
I've begun trading spot on Oanda's platform. My question was mostly rhetorical anyway, but I'm just leary of going long at 22 year highs.
 
hi ivan

what kind of spread and leverage does Oanda offer
in precious metals and what hours of the day
can you trade silver and gold (?) using Oanda
 
Yes, you can trade silver and gold spot. The spreads are rather ugly most of the time, and the fluctuations during the day are still not under control as they just recently began offering XAU-XAG/USD

Check it out on their site for more info.
 
Yes, you can trade silver and gold spot. The spreads are rather ugly most of the time, and the fluctuations during the day are still not under control as they just recently began offering XAU-XAG/USD
More...
Yes, indeed, the spreads are crap. 50 for gold and I don't know, something like a bilgrillion for silver. And that's the best. I was all excited when I read they would be offering this. Now, er, not so much. For intermediate to long-term, maybe, but for short-term?

H
 
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