I actually trade the spot on Oanda, so there's no putting in orders to be filled. Well, there is, but not in the traditional sense. daddyeaux, if you would be so kind as to see your PM. Thanks, mate.
The rstio between gold and silver seems to getting out of whack - wouldn't surprise to see Silver come back a bit before next WED
from bloomberg today..... The start of trading in the silver fund could be next week, Amex Chief Executive Officer Neal Wolkoff said today at a metals conference in New York. ``We expect it will be soon,'' Wolfkoff said.
What about longer term from this spot point, what are your thoughts? Let's say, 6 months out. 12 months?
I went long DEC $13 calls two days ago. I not looking to hold this past summer. I definitely think the market can make it there, but I using options for the staying power as I trade the futures on a momentum basis
ivan ... do you have the ability to withstand swings of multiple $$$ in this market? if so then your guess is as good as mine as to what will happen ... just expect the volatility to continue ... by the way ... what is your "Oanda" spread for gold and silver during the USA daytime ? is it any tighter than what I read earlier? they "Oanda" probably layoff the retail orders against the primary market and make the spread double what it really is (?) another money maker for them (?)
The spread is 200 pips. I agree, it sucks. But the tradeoff is that with margin I can buy a good deal of it and just let it sit. I'm sure it's another money maker for them. Why the hell else would they do it At any rate, I can withstand swings of a few dollars without issue. After that it would begin to get messy. But long term I keep reading all this crap about Dubai having launched it's silver exchange. China looking to place reserves in gold and solver. The barclay's one. Brazil talking about it...blah blah blah. And then I read the silverbugs hype about how there's little actual silver really left (which is probably a load of shite, but who knows).
as long as the real interest rate of return on paper is near or below zero as it is here in the US, hard assets will get some action... until then, we get to run and play........