Please Scroll Down to See Forums Below contracts expire tommorrow and we are going to find out about uncle Ben's QE plan, going to be a wild week for silver...
Silver about to pass $40/oz!
- Thread starter the.gladiator1987
- Start date
contracts expire tommorrow and we are going to find out about uncle Ben's QE plan, going to be a wild week for silver...
I am bro bro
nice bro!
No not a good day for silver....OR the u.s. dollar
DOLLAR INDEX SPOT (DXY:IND) Index Performance - Bloomberg
i don't typically trade commodities or us dollar. but i do get a kick out of people who scream everyday about the dollar this, the dollar that! bernanke printing money!! the fed!! gold up 20 cents!! used to have a guy like that at my office. he would literally put up a chart of the 10 year treasury with a 20 minute delay and he would trade off that. i am not joking. he was the biggest douche ever, he lasted about a week before I canned him cause he never made a penny trading, he was just good humor at the office for everyone. i think he works for charles schwab now or some other crap mickey mouse brokerage firm opening up accounts for $15 bucks an hour lol.
I will say I haven't seen this much volume in silver EVER. think this is incredible.. too bad you don't have some more money to trade this move.
I will say I haven't seen this much volume in silver EVER. think this is incredible.. too bad you don't have some more money to trade this move.
I think he will make "mega" crapload off this dip, low $40's high $30's are coming IMO, if QE3 is mentioned, it will go straight back up though, going to be a crazy week either way.....
i honestly cant stand the guy... i hope he stays short and silver shoots back up.. LOL. that would be hilarious. i mean i dont want him to lose his ass but at the same time that f*cker got so lucky to short at the perfect spot.
haha yea i see what ur saying. Silver is pretty amazing right now, of course it wont go up forever but I dont think triple digits are out of the question at all. Kitco, Apmex and some other place are all short on silver lol. And there is still a lot of demand for it even at 45/oz
steve would you ever short silver? Especially right now knowing that there is a good possibility for a dip?
^^ honestly just for a scalp. i do not like trading commodities. reason being they move not based on fundamentals but based on supply and demand for the most part (not current but 6 months or 1 year out even) what we are seeing here is nuts. volume on the ETF's were double or triple what they were last week. and today we are on pace for even more volume. I've seen traders get absolutely obliterated trading commodities. cannot trust charts, cannot trust fundamentals, cannot trust anything. silver could double from here or drop 50%. either way I would not be surprised.
just talked to my boy at work. he said he fought silver yesterday then stayed short overnite.. today he covered but still has puts for May. if silver tanks more he will make a fortune.
i actually did trade a silver equity last week. SLW. silver wheaton. i was buying it on large pullbacks and then getting out fast.
just talked to my boy at work. he said he fought silver yesterday then stayed short overnite.. today he covered but still has puts for May. if silver tanks more he will make a fortune.
i actually did trade a silver equity last week. SLW. silver wheaton. i was buying it on large pullbacks and then getting out fast.
And, for the 87th time, the entire point of this thread lol.
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