SILVERS CRASHING! May 1st Sunday Down 12%

Discussion in 'Commodity Futures' started by julian0625, May 1, 2011.

  1. Right now the risk free trade looks to be to buy silver, sell gold...
     
    #11     May 1, 2011
  2. Wonder how many people need to change their depends after that one ?
     
    #12     May 1, 2011
  3. anyone added to long positions on that drop yet?
     
    #13     May 1, 2011
  4. I agree with scrabinop. Anyone have any news?
     
    #14     May 1, 2011
  5. m22au

    m22au

    The news is that silver has performed well in recent months (when measured in "US Dollars") and a pullback to the low $42s only takes it back to a level first crossed this year on ........ 14 April.
     
    #15     May 1, 2011
  6. Cme raised margin after the close friday..

    Plus Maybe China slow down...
     
    #16     May 1, 2011
  7. Yeah they raised margins twice in one week last week. Paper holders will get effed if they were in over their head, physical holders are die hard and I can't see them selling anytime soon.
     
    #17     May 1, 2011
  8. i just wish the options market was open right now, i'd love to buy some sep 55 calls right now
     
    #18     May 1, 2011
  9. bought a few contracts at 43,40 :)

    I already had positions at 19, 30 and 34 ... expecting this one to work as well at least i hope it will. If not, well cut the loss and move on. But i think it was really a good oportunity
     
    #19     May 1, 2011
  10. It is open, it opened at the same time as silver

    5yr
     
    #20     May 1, 2011