$ Silver $

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

  1. romik

    romik

    well, that was inevitable in a way, not now then later. That is a great achievement for silver investors worldwide. Silver ETFs can take silver price to a totally new level in the near future. Wow!
     
    #51     Mar 21, 2006
  2. anybody surprised that it hasn't rallied more? I bought 25 at 10.27 at CBOT and sat and sweated before it took off. You could have bought all you wanted. Squeezing SLW up now too, massive short in there.
     
    #52     Mar 21, 2006
  3. anybody got a link to the news ??

    i checked cnbc.kitco.cbs.bloomberg. ??cant find it
     
    #53     Mar 21, 2006
  4. Reuters ran the headline first.

    "The Securities & Exchange Commission has approved rule changes which pave the
    way for the creation of the iShares Silver Trust. Further, the SEC states that
    the iShares Silver Trust is unlikely to cause silver market liquidity problems."

    from CPM
     
    #54     Mar 21, 2006
  5. #55     Mar 21, 2006
  6. romik

    romik

    what is likely to happen now is dealers opening massive, perhaps one last time, short position at this level to cover some of their open losses, then we see the price go higher.
     
    #56     Mar 21, 2006
  7. zzzzzzzzzzzzzzzzzzzzzzzzzzzzz
     
    #57     Mar 21, 2006
  8. What ZZz? It spiked. The question is what happens now?
     
    #58     Mar 21, 2006
  9. Ha, Niceandasy. No stones here, i sold them out between 10.35 and 10.40 and then watched it run up again. If it breaks down through 10.25ish, I'm going home short
     
    #59     Mar 21, 2006
  10. Maybe I'm overthinking it but silver has been running up on expectations that this would happen. Here it is and silver is up only fractionally.
     
    #60     Mar 21, 2006