Gold spot dip

[Lemon Thrower]

I loaded up on some more options today and yesterday (I always strike a little too quickly).

The option premiums are nice and big again so unless silver stays at $25/ounce forever I'm going to profit nicely

And I still stand by the statement I made about a year ago now: We will NEVER see under $25 silver again.

options on futures or options on equities? if latter, what month and what issuer?

[nero12345]

The bottom line is all about perception!

for silver to go from 32.82 to 42.82 is exactly the same... 30%... of gold going from 1652 to 2152.

for nickel to go from 10 to 14, it has to gain 40%!

bottom line is that you do what you think is right!

The only difference is silver has been at $42 and gold has never been at $2152 and nickel has been much higher than $14.
I do agree though, gut feelings on this stuff is the best way to go.

[justj2k78]

I loaded up on some more options today and yesterday (I always strike a little too quickly).

The option premiums are nice and big again so unless silver stays at $25/ounce forever I'm going to profit nicely

And I still stand by the statement I made about a year ago now: We will NEVER see under $25 silver again.

options on futures or options on equities? if latter, what month and what issuer?

Man, sometimes I think I know silver, and then someone says something like that, and I don't understand one word. Option? Remember Tommy Frazier in Nebraska... freakin unstoppable.

[Lemon Thrower]

well, you can buy an option to purchase a futures contract to buy silver in the future. it has a lot of upside leverage but a fixed downside. safer but a bit more expensive.

or you can buy an option to buy a stock. basically you are buying the upside potential, but they have a finite duration and the longer duration the more expensive they are. for example, you could maybe buy Silver Wheaton for $33 for 1 share, 33 options to buy at $35 within a month for $1 each, or six options to buy at $35 within a year. Those aren't actual prices, just approximates to illustrate.

[barrytrot]

I loaded up on some more options today and yesterday (I always strike a little too quickly).

The option premiums are nice and big again so unless silver stays at $25/ounce forever I'm going to profit nicely

And I still stand by the statement I made about a year ago now: We will NEVER see under $25 silver again.

options on futures or options on equities? if latter, what month and what issuer?

options on equities.

They might be fake (even more so) but thus far they have been a liquid and easily accessible tool to track the price of silver.

I prefer SIVR as the price equates to the actual price of silver unlike SLV and others which match the performance but aren't dollar-for-dollar.

[68Camaro]

I understand the concepts, but - while I don't (and don't expect I ever will) play in the options/futures market - for my own edification (this may be a stupid question, but it has been a mental itch that I can now get scratched) where does one actually find the prices of futures options on a given item?

well, you can buy an option to purchase a futures contract to buy silver in the future. it has a lot of upside leverage but a fixed downside. safer but a bit more expensive.

or you can buy an option to buy a stock. basically you are buying the upside potential, but they have a finite duration and the longer duration the more expensive they are. for example, you could maybe buy Silver Wheaton for $33 for 1 share, 33 options to buy at $35 within a month for $1 each, or six options to buy at $35 within a year. Those aren't actual prices, just approximates to illustrate.

[barrytrot]

68: if you are referring to archival data you probably need to buy that. If you are referring to "real time" data that's easily found with a proper Google search.

[JadeDragon]

Or pic out one of these that this woman is proud to display

Guys, it is clearly labeled that those toys are no fun. Who want's an ice cold one unless it's root beer?

[ZenOps]

Nickel was $7.70 a pound back in 1970. Its exceeded that lately, but the peak was $23/pound five years ago on the LME default.

Most of the LME stock of nickel comes from one mine in Canada (where we were the worlds largest producer for many decades) the other main mine in Norilsk Russia, combined used to supply the world with much more than half of the worlds supply.

We no longer have enough pure nickel to use for a 7 gram $1 and $2 coin in Canada. Take it as a hint people, unlike gold or silver which have relatively stable year over year in ground reserves, nickel production is falling off the cliff. The *only* reason the US can afford 1.25 grams of nickel for a US nickel is because we are basically giving it away (much like the $1Billion worth of free softwood lumber we gave the US a few years ago) That and the US can still produce a 5 cent nickel for 11.12 cents (a production loss is not a big deal, when you can simply print more money to cover it)

Nickel is about 11x rarer than copper, if you use copper as a monetary base - which the US does not (You guys have proven you absolutely hate the 8 billion 8.1 gram Susan B Anthony, Sacagawea, and Presidential dollars)

Realistically though. An 8-gram pure nickel coin in 2011 should probably be a denomination of $5 US. The 2€ coin contains about 3 grams of nickel.

"I like nickels" Kyle Bass.

[bankmining]

Or pic out one of these that this woman is proud to display

I think I know where she stands on the inflation/deflation argument

[CU Baker]

For some reason I was thinking about Tonka truck all night at work.

[Rodebaugh]

For some reason I was thinking about Tonka truck all night at work.

Well, either you work at Toys R' Us or you're a doorman/bouncer at Joey's Jigglers