$ Silver $

Quote from tomcole:

Ask your friends which IB sold all this gold and how they reported it? Not reporting income is a big no-no for an IB, especially a IB big enough to deal direct with CBs.
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i have no friends. i'm just watching the market price of metal and the credit culture around me.

i'll look into that though. if metal moves enough i'm sure the forensic accounting will emerge accurately and quickly.
 
more than 500 contracts taken out at 12.00 in the emini contract in the overnight session. that's a lot for this illiquid contract!
 
that was another one of the infamous hidden
stop orders triggered somehow ...

seems like it was a buy limit stop ... for the most part ... the exchange is lucky that prices eventually
hit $12.08 - $12.09 but at the time the order
looked like a " beached whale " and was perhaps
8-10 cents away from the "real market"
in my opinion

:p
 
very possible. interesting theory.

i'm still not clear as to how much the ETF needs to buy. there seems to be a very wide range in amount. anyone knowledgeable in the matter?

thanks.
 
my understanding re the silver etf is that it is demand dependant.

initially a position will be accumulated but as the etf is backed by the commodity, physical would be added as reqd.

if you go to the sec website - there is a lot of good info there. interesting stuff too. the sua is in pain!!
 
curious the silver etf is delayed (or so it seems) amid short squeeze rumors on the physical market

130 million oz. only adds up $1.6 billion which is a flyspeck considering Bill Gates alone is worth about 31 flyspecks.
 
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