Silver dropped 9% today.

[Lumberg]

Just watch the Asian market. Their a day a head of us and for the most part our market dictates how there's performs. Obviously not long term projections although I believe silver may break $50 this run.

I asked what instruments he's using--swaps, options, futures, ETFs, that type of thing.

 

[stevesmi]

Just watch the Asian market. Their a day a head of us and for the most part our market dictates how there's performs. Obviously not long term projections although I believe silver may break $50 this run.

ummmmm.. or you can watch our futures E-mini's that are open 24 hours a day for an indication.

but hey if you rather watch the nikkei whatever floats your boat

 

[Lumberg]

Crap. I think there's going to be another major correction here soon, and I'm long equities.

 

[jokerswild]

Good to see you guys have been having fun while I was away, silver went in the dumper (big suprise) I called this correction and feel great about selling at $44, for a few days it looked like it would just run away in price. I had considered buying back in the low $30's but with the multiple margin increases and intrest rates around the world starting to move a little I think we still have a way to go before we see the bottom. Glad I hope you learned a lesson about greed and top calling, the move from $30 to $40 this year was within reason, but the move from $40 to $50 in that short of a time frame and that much volume was nothing more than speculators riding the train on borrowed money, after all the hot money exits, and the new shorts cover we should see silver start to stabilize again, imo mid $20's are going to be the bottom......

 

[b0und]

Silver is still in backwardation, even after the recent massive drop. Until it goes back in contango it's not likely to rise much.

Soros is completely out of gold, 13-F filing out. Paulson is holding.

I read somewhere that even gold went in backwardation briefly.







b0und (no more betting on silver for now)

 

[javaguru]

Silver is still in backwardation, even after the recent massive drop. Until it goes back in contango it's not likely to rise much.

Soros is completely out of gold, 13-F filing out. Paulson is holding.

I read somewhere that even gold went in backwardation briefly.







b0und (no more betting on silver for now)

LOL..hedging bubble...loll...

 

[sterolizer]

Silver rocks, I rode it all the way to the top Took my profits at the highest. Haven't touched it since.

 

[sterolizer]

Eur/Us, Cad/Us and Aus/Us are the spots to be now!