$ Silver $

hi seth arb .... what do you mean when you say that - fat fingers?? just curious....

i am amazed at what a hard time silver is having catching a bid. seems to be a wall around 11.50-11.70
 
"fat finger" can mean someone sold or bought at a price way different than where the market was , perhaps due to a keystroke error

but in this case ... it was just the "hidden stops" elected
at a certain price level ... that triggered more stops
I guess ... and drove the YI overnight to $10.90 print

now if the ECBOT let those prints stand way down there
I do not know ... but the crazy thing is in this afternoon's
trading the YI got down to that area on legitimate prints

* eureka * new system ... holy grail *

:p
 
Quote from Aaron:

I haven't looked at gold, but according to the weekly committment of traders report, most of the oil shorts are commercials, with speculators and funds making up the longs.
More...

From Platts:

"The non-commercials, or hedge funds, continued to amass long positions in the crude oil complex on NYMEX, according to the latest Commodity Futures Trading Commission report. The non-commercials added an additional 6,936 lots as of last week taking the total long position to 94,320 contracts."

Updated: 07/17/06

I wonder if these are long-only, long-term, crude investments, or hot money that will sell if crude looks weak. In any case, the commercials continued to sell into the rally.

Aaron Schindler
Schindler Trading
 
Hi SethArb.. I spoke with you before. . .Do you mine if I send you a pm, I just want to ask you a few ques. about silver?

Thanks, cml2949
 
Quote from romik:

I would make a long call here towards $12-12.50 range based on a divergence between price and macd histogram on a daily chart, but as on previous occasions, I would not be trading it short-term due to the reasons I've stated before in which I happen to believe :)

For short-term traders I would say 12-12.50 is in the offering here with stop/s around 9.25-9.50
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IMO there might be a bearish divergence on daily developing, certainly looks that way, previous bullish one has worked out based on probability, BUT not in my books.
 

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the gold - silver ratio has come in hard late last week

maybe some silver shorts are covering some silver but hedging by selling gold ?
 
LOL ... well all that buy silver sell gold nonsense ended today
at least for the short term

on another silver related topic I saw "something I do not see everyday ... huge size in YI ... and it actually pushed the market higher in post comex close trading
 
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