SILVERS CRASHING! May 1st Sunday Down 12%

Quote from tomahawk:

The volume is certainly nothing spectacular. Somebody is pushing it lower to re-load longs I would think.
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Right now the risk free trade looks to be to buy silver, sell gold...
 
Quote from veritas007:

I agree with scrabinop. Anyone have any news?
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The news is that silver has performed well in recent months (when measured in "US Dollars") and a pullback to the low $42s only takes it back to a level first crossed this year on ........ 14 April.
 
Quote from Jackie Treehorn:

Cme raised margin after the close friday..

Plus Maybe China slow down...
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Yeah they raised margins twice in one week last week. Paper holders will get effed if they were in over their head, physical holders are die hard and I can't see them selling anytime soon.
 
bought a few contracts at 43,40 :)

I already had positions at 19, 30 and 34 ... expecting this one to work as well at least i hope it will. If not, well cut the loss and move on. But i think it was really a good oportunity
 
Quote from dumb_mother:

i just wish the options market was open right now, i'd love to buy some sep 55 calls right now
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It is open, it opened at the same time as silver

5yr
 
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