Man, I want to get back on the SLV bandwagon. I was in last June around $112 at around a $11 spot price to see the etf go below $100. Obv., I should of bought more on the way down but got out even. I feel like I missed the run and hoping for the manipulation to kick in again one more stride and bring down to $10 spot. Whenever I read Butler, I always want to buy no matter what price but its the same old stuff from him. Anyway, I'm bullish silver long term... Btw, anyone know the deal on collectible capital gains tax on the etf? Do you get banged out harder on taxes on it. Sorry if its a stupid question.
Hey Seth, I wonder how the poll would weigh up once $15/150 becomes support? I reckon at least 50/50, considering that in the beginning, when the poll started it was around 80/20. Also poll numbers are pretty pathetic, that also means that silver is not a mainstream instrument just yet, but it will become one day, but that would be the time when I will be selling out.
hi romik ... not sure about the poll but here is an article that mentions the silver price as being very volatile during the rest of the yr www.bloomberg.com/apps/news?pid=2060 -Silver will probably trade in a range of $10 to $20 an ounce in the remaining nine months of this year, CPM Managing Director Jeffrey M. Christian told reporters in Mumbai today.- -Silver could trade in a range of $10-$20 this year,'' Christian said. ``In one spike it could go up to $20 and come down to $10 in another. It is going to remain very volatile.-
traders seem to be keying off the USD weakness today SLV could see $140.00 prices later in the week if this trend continues
nice bounce .... last few days somebody has been buying like crazy in silver futures and perhaps the ETF ( SLV ) not sure if this is end of the month position squaring or gold - silver ratio adjustments or shorts in comex futures that need to cover at any price relative to other factors that might normally make the buys be less "sloppy"
ah ha !! so thats the reason why the gold silver ratio exploded recently -US silver hits six-wk low early on options expiry- * reuters * http://yahoo.reuters.com/news/artic...6-26_14-13-40_N26364461&type=comktNews&rpc=44