SILVER - WAS $31-$49, WAS $33-$43, NOW $44+

[Market Harmony]

... As a trader, this is an easy bet to make. Go long gold and short silver...

Since posting this, the GSR has moved in favor of this trade. It is now 40:1. Had you understood my post and taken action, then you made a 25% gain in 4 days with VERY LITTLE RISK

[brian0918]

... As a trader, this is an easy bet to make. Go long gold and short silver...

Since posting this, the GSR has moved in favor of this trade. It is now 40:1. Had you understood my post and taken action, then you made a 25% gain in 4 days with VERY LITTLE RISK

Very basic question: How does a regular person perform such trades? My only experience with stocks is through the ETF's I've purchased on Scottrade at $7 commissions. Am I able to do this sort of trade on Scottrade, and would I get charged $7 every time?

[Market Harmony]

You can do it through ETF's by shorting SLV, and going long GLD... that's the simple and most direct way. More complex methods can be taken which will increase/decrease your risk/return.

You will pay the trading commission X2... 2 buys, and 2 sells

[inflationhawk]

Can we change the name of this thread to

SILVER - WAS $31-$39, WAS $40-$48, WAS $49+, NOW $36-

[DeanStockwell]

... As a trader, this is an easy bet to make. Go long gold and short silver...

Since posting this, the GSR has moved in favor of this trade. It is now 40:1. Had you understood my post and taken action, then you made a 25% gain in 4 days with VERY LITTLE RISK

Yeah, I saw your trade and got greedy waiting for a short term bump in silver prices to lower the G/S ratio back down. Nice call.

[frugi]

dangit! Silver is starting to go up again. I want it to go lower!

Yippee! Silver is starting to go up again. I hope it goes to the moon!

[Treetop]

dangit! Silver is starting to go up again. I want it to go lower!

Yippee! Silver is starting to go up again. I hope it goes to the moon!

[shinnosuke]

dangit! Silver is starting to go up again. I want it to go lower!

Yippee! Silver is starting to go up again. I hope it goes to the moon!

And thus the split personality in all of us is expressed deftly and succintly.

[twentybux]

dangit! Silver is starting to go up again. I want it to go lower!

Yippee! Silver is starting to go up again. I hope it goes to the moon!

And thus the split personality in all of us is expressed deftly and succintly.

What? Are you talking to me or are you talking to the other me?

[68Camaro]

Hate to jinx this, but maybe we can reset this back to 37 now, and climbing. They'll try another smackdown, but I wonder how much steam they'll be able to muster if it comes back this strong again?

[Sheikh_yer_Bu'Tay]

... As a trader, this is an easy bet to make. Go long gold and short silver...

Since posting this, the GSR has moved in favor of this trade. It is now 40:1. Had you understood my post and taken action, then you made a 25% gain in 4 days with VERY LITTLE RISK

Nice call. I usually don't understand such market conditions. Thanks for pointing this out!

[beauanderos]

Hate to jinx this, but maybe we can reset this back to 37 now, and climbing. They'll try another smackdown, but I wonder how much steam they'll be able to muster if it comes back this strong again?

They don't care if it comes back strong again. They may even assist it, again, with some short-covering. What they DO want is for it to come back, but more slowly this time... to about the same levels as where they crushed it. They have moved the new Maginot Line to $50. There they will battle it again, and push it back again, as far as they can. They want to instill in the public's subliminal conscious that $50 is an unbreachable obstacle. They will keep doing this until an unstoppable surge of buying finally pushes well past $50. Perhaps that will happen as sourcing silver in large quantities becomes even more difficult than it is now.

[68Camaro]

Back past 38 early this morning... Going back up faster than I expected. A crystal ball would be nice - would like to know how long to hold the ETFs before they try to crush it again. Last week was a perfect storm for them. Not sure how easy it'll be for da boyz to pull off another 30% drop.

[Country]

SILVER moving higher this evening. Now above $39 again.

[henrysmedford]

SILVER moving higher this evening. Now above $39 again.

Is the "Bid" "Ask" spread larger than normal?

bid.jpg (44.84 KiB) Viewed 797 times

Also I love this title "A Bottom for Gold and Silver? Or a Dead Cat Bounce?" http://seekingalpha.com/article/269156-a-bottom-for-gold-and-silver-or-a-dead-cat-bounce

[68Camaro]

There have been some rather large bid/ask spreads. Which contributes to the rapid changes we've been seeing.

[Jonflyfish]

There have been some rather large bid/ask spreads. Which contributes to the rapid changes we've been seeing.

Never do business with bucket shops. Comex spreads for silver are typically from 0-1 1/2 cents. My OTC spot dealer quotes between .02-.05 depending on hrs of liquidity.

Cheers

[68Camaro]

The crush has started again, right on time. It's amazing. Certainly some people have the time/info/resources to be able to take advantage of it.

[Rodebaugh]

time to move some paper?

stop losses are going to be triggered for sure unless adjustments are made. well maybe not

[68Camaro]

Looks like a concerted and coordinated trading bot effort to drive price below 30 today.

[68Camaro]

Good grief - there could hardly be more tangible evidence than that the trading market is being manipulated... Interesting, while PSLV is reacting to it, not quite as strongly (yet). Wonder if/when people will get tired of this?

[slickeast]

Good grief - there could hardly be more tangible evidence than that the trading market is being manipulated... Interesting, while PSLV is reacting to it, not quite as strongly (yet). Wonder if/when people will get tired of this?

One thing, the most important, is there is very little physical out there to buy. Who wants to sell for a loss?

[tn-dave]

Good grief - there could hardly be more tangible evidence than that the trading market is being manipulated... Interesting, while PSLV is reacting to it, not quite as strongly (yet). Wonder if/when people will get tired of this?

I wasn't expecting this today -- really thought we would creep back up to around $40 by the weekend. Buy on the dip..!!

[Jonflyfish]

Good grief - there could hardly be more tangible evidence than that the trading market is being manipulated... Interesting, while PSLV is reacting to it, not quite as strongly (yet). Wonder if/when people will get tired of this?

The price is very transparent and able to trade so I don't know how this is tangible evidence of manipulation. Liquidity is deep and the price transitions are very smooth.

[Jonflyfish]

Good grief - there could hardly be more tangible evidence than that the trading market is being manipulated... Interesting, while PSLV is reacting to it, not quite as strongly (yet). Wonder if/when people will get tired of this?

One thing, the most important, is there is very little physical out there to buy. Who wants to sell for a loss?

The market does not care what people want. The price is whatever someone is willing to pay- especially for a commodity.