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 Replies: 3,268 / Views: 110,689 |
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Moderator
 United States
195045 Posts |
Looks like we are going to be hanging around the ~$63 zone for a bit.  |
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Pillar of the Community
United States
1307 Posts |
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Looks like we are going to be hanging around the ~$63 zone for a bit. So annoying that KITCO is the only one showing showing the "~$63 zone" right now while APMEX, COMEX and even that silly nilly Silver Future's stuff is ALL showing the ~$64 zone right now..  I am sooo done with the discrepancies...  |
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Pillar of the Community
United States
1307 Posts |
Okay I may have spoken to soon. KITCO may be the laggard in the group and their charts are still reflecting the "Back month". KITCO may be the only one left that still hasn't rolled over their charts to mo reflect the "Front month". The Front month is currently higher than the Back month, This is called Contango. The front month is the one that's currently being traded. I'd love to explain but.. you know, Futures and stuff.. Sorry if this annoys or offends anyone because they just want to check their phone every day and see the price of "Silver" and if it went up or down and not this other mumbo jumbo that's got nothing to do with the price of "Silver" going up or down   Edited by Harry213
Today 3H 58M ago
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Pillar of the Community
United States
1307 Posts |
Alright now Silver is Down from where it opened this morning so this illustration would have made a whole lot more sense if I had shown it with the price at the open. But still just do the math and you'll quickly see what I'm saying about Who is Quoting the Back Month--> KITCO, barryg And Who is Quoting the Front Month--> Me, Jbuck, COMEX, APMEXBTW this is called Contango, look it up.    Edited by Harry213
Today 3H 46M ago
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Moderator
United States
195045 Posts |
Do not beat yourself up over it!  Every now and then I will Submit a reply on CCF, but it will "hang" and take a while to actually post. This topic is a tab I usually leave open, so I might not wait around to see the "reply posted" message. I told you all that because I see my "~$63" post was around 9:25 AM EDT, but I assure you that I looked at my COMEX chart and posted that closer to 8 AM.  Oh well. That is what I get for moving on too soon.  |
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Pillar of the Community
United States
1307 Posts |
That makes sense Jbuck  And yes I remember you saying you started using a different price chart to get a more accurate and up to date price on Silver. And yes Silver was in the ~$63 zone around 8 am when you said you checked last check it on COMEX. Makes sense the delay between posting that and the open since Silver went up to $64.43 by 9am That's why I had to go look at what the online metals dealers were quoting and quickly identified KITCO as the low man on the totem pole and coincidentally KITCO chart is the same as the September futures prices while everyone else is already rolled over into December. So it all makes sense now. |
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Moderator
United States
195045 Posts |
Now we just have to see how the day shakes out. |
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Pillar of the Community
United States
1307 Posts |
Yes and don't forget Tomorrow is the big day that all of this has been leading up to for the past month.  The big decision is finally almost here. Will it be this?  or this? Metals could be in for a rollercoaster of a day. |
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Moderator
United States
195045 Posts |
Quote:
Yes and don't forget Tomorrow is the big day that all of this has been leading up to for the past month. |
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Pillar of the Community
 United States
5996 Posts |
Quote:
Who is Quoting the Back Month--> KITCO, barryg
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Who is Quoting the Front Month--> Me, Jbuck, COMEX, APMEX Which is, of course, ironic given the fact that at the start of this thread I was quoting APMEX exclusively and finally switched to KITCO after being told repeatedly that APMEX did not reflect actual pricing and was too high compared to other indexes. |
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Moderator
United States
195045 Posts |
Quote:Which is, of course, ironic given the fact that at the start of this thread I was quoting APMEX exclusively and finally switched to KITCO after being told repeatedly that APMEX did not reflect actual pricing and was too high compared to other indexes. And I believe I followed you there as well. Then I was convinced to change again. I would not make a good politician. I do like waffles though. |
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Pillar of the Community
United States
5996 Posts |
Well, since I'm the one who started this thread, I get to quote whichever source I want! |
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Moderator
United States
195045 Posts |
I cannot argue against that. |
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Replies: 3,268 / Views: 110,689 |
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