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 Replies: 34 / Views: 6,943 |
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Pillar of the Community
 United States
586 Posts |
LOL, what a smackdown! Swap dealer is equivalent of market-maker in this rigged futures market. How can they lose money?  They're sitting on massive short contracts, and they have to cover them somehow with a profit. I am simply following them . Is it a good time to buy silver? I would wait until swap dealer's short/long ratio reduces to 1:1. So far it is more than 2:1. It's gonna take some time, be patient. Edited by leon1998
02/15/2016 09:10 am
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Pillar of the Community
United States
3343 Posts |
My silver stack is now liquid, and I'm waiting for $12 to start stacking again. Can't say whether I made much money, but I wasn't in it to make money. The stack accumulated and held its place until silver went over $15.
Good luck shorters, see you at $12.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
586 Posts |
CLOSE my Silver short position @15.06 USD. GSR has been approaching extreme levels. Swap dealers are being fxcked by panic investors worldwide . Probably it is time to exit, not much gain though.  |
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Pillar of the Community
United States
3343 Posts |
The oscillations in price are getting bigger day to day. Looks like it could crack pretty soon, but $12 might take a few months.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
586 Posts |
After reading through last week's Silver COT report, I decided to reopen my silver short position. ;)
@US$14.83
Will add more if silver spot tries US$15
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Pillar of the Community
United States
586 Posts |
Added more short position @US$15.01 as planned. |
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Pillar of the Community
United States
606 Posts |
Best of luck, Leon. I respect you are willing to state your positions and allow us to follow and learn about the trade.
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Pillar of the Community
United States
7390 Posts |
Uh oh leon. Just hit $15.01
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Pillar of the Community
United States
606 Posts |
Are you waiting for a potential drop in price to get out? How do you typically keep a short open?
I hope the prices go your way soon, or you can get out at a minimal loss.
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Pillar of the Community
United States
586 Posts |
Added more Silver short position @15.6, which brought down my cost to 15.15
Finger crossed.
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Pillar of the Community
United States
586 Posts |
Add the last short position @15.8
ALL IN
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Pillar of the Community
United States
586 Posts |
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Pillar of the Community
United States
586 Posts |
My silver short position was stopped out @15.4 this afternoon.
Fed announcement really trigger the precious metal rally.
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Valued Member
Canada
148 Posts |
I am holding on to mine until 25, may be a pipe dream but I, because having been burnt at 6 dollar levels shortly before 50 levels feel the need to recoup losses. They needed to be cashed in at the time for hard times.
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Pillar of the Community
United States
1205 Posts |
It's off to the races now..a few minor bumps coming, but, game on, especially for the mining stocks, which have reaped me incredible profits from the OTC stocks like Silvercrest, Silvercorp, and the big boys, PAAS, AG, SLW, and more..yes, all on paper till I cashout in 2018-19, but, compared to my physical, the miners are making me 4x the upside for $$$ in. Just $1,000 in Silvercrest shares has netted almost $500 in the green since I bought last Dec. 2 days ago, on another account, $5,000 of shares was up $1,550 roughly..IN 1 DAY....
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Replies: 34 / Views: 6,943 |
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Posted 02/15/2016 7:40 pm
