Please Scroll Down to See Forums Below These people appear so fucking stupid to me... I can't even imagine how you feel reading some of this.
Silver dropped 9% today.
- Thread starter 75th
- Start date
These people appear so fucking stupid to me... I can't even imagine how you feel reading some of this.
SPEKTOR-AAA
New member
(What I'm saying is don't piss away your money unless you know what you're doing. Buy some books first; invest later.)
Thats to simple samoth, its easier to listen to all the Warren Buffetts up in here
Thats to simple samoth, its easier to listen to all the Warren Buffetts up in here
It's amazing how much psychology comes into play with respect to money.
nimbus
New member
These people appear so fucking stupid to me... I can't even imagine how you feel reading some of this.
probly like a smug asshole
I dont think silver is done yet. The selloff in silver saw the metal recently drop 20% from its highs, and we probably aren’t done yet.
The CME raised margin requirements on silver futures four times in two fuckin
weeks. While margin requirements must go up when prices go up, four times in two weeks sure is
grist for those who say the big banks are short silver and will do anything to derail silver’s bull run.
Disappointment over silver’s failure to breach the $50 level last week is also a factor. The hot money is moving on to other things for now. This leads to a correction, a normal and necessary part of any bull market.
And then there’s simple profit taking,many people bought silver at much lower levels and so
they’re locking in gains. I did exactly that when silver hit 48 because I knew we could potentially see a bounce and Price action at the 45-48 was a perfect reversal spike.Certainly big funds run by George Soros and others are doing just that. TYhere’s nothing wrong with taking profits. Silver, gold hit by report of Soros selling.
Since silver — as well as gold and other commodities — are priced in dollars, they generally move
opposite to the greenback. Its a seesaw of pain, someone is always getting fucked
Mine supply of silver is tight. While silver fabrication demand grew by 12.8% last year, silver
mine production rose by only 2.5%, and mine supply accounts for 70% of all silver supply, according to GFMS. It’s hard for miners to crank up silver production because two-third of silver
produced by mines is as a byproduct to other metals. Mine supply IS expected to rise this year, but
it will be hard-pressed to keep up with the expected rise in demand IMHO
The fundamental fact is that, despite the recent correction, both gold and silver are in big bull
markets. Until that changes, pullbacks and corrections are buying opportunities.
According to Goldman Sachs, 70 million people worldwide are joining the world’s middle class
each year. In 20 years the middle class will add another 2 billion people, most of them from
emerging markets. Many of these nations have a cultural affinity for gold and silver.
So yes, we are seeing some air whoosh out of silver’s bubble. But I don’t think we’ve seen the real
mania in silver yet. That doesn’t mean the metal can’t go lower. If the U.S. dollar rallies, that will
likely trigger another leg down in silver. If the global economy slumps , and there’s the potential
for that due to stupidly high oil prices , that could knock silver lower as well.
If you want to short silver in the face of strong demand — like the 1.3 billion Chinese who seem
ready to sell silver on the rallies, or the billion people in India ready to do the same thing — good
luck to you. I think you’ll need it
me personally Ill be the guy buying on the dips
The CME raised margin requirements on silver futures four times in two fuckin
weeks. While margin requirements must go up when prices go up, four times in two weeks sure is
grist for those who say the big banks are short silver and will do anything to derail silver’s bull run.
Disappointment over silver’s failure to breach the $50 level last week is also a factor. The hot money is moving on to other things for now. This leads to a correction, a normal and necessary part of any bull market.
And then there’s simple profit taking,many people bought silver at much lower levels and so
they’re locking in gains. I did exactly that when silver hit 48 because I knew we could potentially see a bounce and Price action at the 45-48 was a perfect reversal spike.Certainly big funds run by George Soros and others are doing just that. TYhere’s nothing wrong with taking profits. Silver, gold hit by report of Soros selling.
Since silver — as well as gold and other commodities — are priced in dollars, they generally move
opposite to the greenback. Its a seesaw of pain, someone is always getting fucked
Mine supply of silver is tight. While silver fabrication demand grew by 12.8% last year, silver
mine production rose by only 2.5%, and mine supply accounts for 70% of all silver supply, according to GFMS. It’s hard for miners to crank up silver production because two-third of silver
produced by mines is as a byproduct to other metals. Mine supply IS expected to rise this year, but
it will be hard-pressed to keep up with the expected rise in demand IMHO
The fundamental fact is that, despite the recent correction, both gold and silver are in big bull
markets. Until that changes, pullbacks and corrections are buying opportunities.
According to Goldman Sachs, 70 million people worldwide are joining the world’s middle class
each year. In 20 years the middle class will add another 2 billion people, most of them from
emerging markets. Many of these nations have a cultural affinity for gold and silver.
So yes, we are seeing some air whoosh out of silver’s bubble. But I don’t think we’ve seen the real
mania in silver yet. That doesn’t mean the metal can’t go lower. If the U.S. dollar rallies, that will
likely trigger another leg down in silver. If the global economy slumps , and there’s the potential
for that due to stupidly high oil prices , that could knock silver lower as well.
If you want to short silver in the face of strong demand — like the 1.3 billion Chinese who seem
ready to sell silver on the rallies, or the billion people in India ready to do the same thing — good
luck to you. I think you’ll need it
me personally Ill be the guy buying on the dips
These people appear so fucking stupid to me... I can't even imagine how you feel reading some of this.
What do you mean..."these people"?????
Lumberg
New member
Interesting strategy. What instruments are you using?
