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 Replies: 34 / Views: 6,940 |
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Pillar of the Community
 United States
586 Posts |
Added more short position on silver @14.7/oz and @14.9/oz With commercial traders sitting on massive silver short position, we will see how things unfold in the next few weeks.  |
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Valued Member
United States
493 Posts |
Not a bad idea, I'm sure the next take down won't be far off, but interest rates and worthless money are going to keep people buying, I see guys go out and buy 500 oz. at a time, they got money that has nowhere else to go right now as they cash in either stocks, or collect retirements.
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Pillar of the Community
Canada
2495 Posts |
How's that short positioning working out?
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Pillar of the Community
United States
586 Posts |
My silver short position is deep water now, crap.
Commercial traders tend to have deeper pocket than I have. So I decided to double down my silver short @15.72, and I would like to see how Swap dealers unwind their short position in the following weeks.
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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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Replies: 34 / Views: 6,940 |
First Page
Posted 02/04/2016 5:48 pm
