$ Silver $

Discussion in 'Commodity Futures' started by SethArb, Mar 2, 2006.

  1. I already have a left nut, otherwise I might take that bet.
     
    #251     Apr 20, 2006
  2. romik

    romik

    tomorrow going to be just as bad for bulls, 99% certain.
     
    #252     Apr 20, 2006
  3. romik

    romik

    Not me, I've been saying it all the time in my previous posts that a sharp sell-off is inevitable with a huge open short position still in place. And as you can see the sell-off is far more intense than the run that silver has experienced from $9-10 levels. And as the history has a tendency to repeat itself, quite a few times already in the last couple of years in silver futures, I would bet you $1 :))) that tomorrow is going to be just as bad.
     
    #253     Apr 20, 2006
  4. JayS

    JayS

    Man did you see copper come back to almost unch after being down 10+.
     
    #254     Apr 20, 2006
  5. what system are you using? i'm trading on ecbot with ib
     
    #255     Apr 20, 2006
  6. Just trading spot through Oanda. Until their spreads went to hell this morning. (5000 pip spread on silver at one point...hahah!)
     
    #256     Apr 20, 2006
  7. excerpt from www.bloomberg.com


    -Comex halted trading in silver for 15 minutes when the price decline neared the exchange's $1.50 trading limit, which was later expanded to $3.-

    -Silver reached a 23-year high of $14.69 earlier. The decline was the biggest fluctuation of any commodity today.-

    one precious metals analyst was quoted as saying

    -It may well be that Barclays will take a `go slow' approach on it until the price comes off-

    -The last thing they want is a bunch of people buying the shares at the top of the market.-
     
    #257     Apr 20, 2006
  8. in 1987 (?) if my memory serves me correctly

    the comex closed for a day ... silver had a steep selloff down perhaps $2-4 from the highs
    and gold dropped maybe $30-45 from the highs

    perhaps since it is now 2006 and we have

    a much better ( I hope ) system in place
    for brokerages and their clients and the COMEX
    to track down and correct any "bad errors",
    "out-trades" , over margined clients and firms

    they will not have to do anything as severe
    as in 1987.
     
    #258     Apr 20, 2006
  9. And what happened the next day with price? :)
     
    #259     Apr 20, 2006
  10. still tanking ....11.93 UGLY
     
    #260     Apr 20, 2006