What happened to silver today?

Discussion in 'Commodity Futures' started by mizhael, Oct 5, 2010.

  1. And why are the Ags all ramp up today too?
     
    #11     Oct 5, 2010
  2. MKTrader

    MKTrader

    QE, POMO, go, go, go!!!

    Inflation nation, baby.
     
    #12     Oct 5, 2010
  3. It's down in Euro's.
     
    #13     Oct 5, 2010
  4. Its going past $50. $1,340 gold spot divided by the 17.5 to 1 ratio that gold & silver occur naturally at (gold .004 parts per million vs silvers .07 parts per million) leaves a real silver price of $76.57.

    This is the price silver SHOULD be at today. That is the price we should go to IF gold doesnt move in price. If gold goes to $2000, Silver should be at $114 per oz.
     
    #14     Oct 5, 2010
  5. trying to see if there are some news here having low correlation to the Bloomberg news...
     
    #15     Oct 5, 2010
  6. It's down in Euros so the European Quant hedgefunds are buying, what trading strategy is that?
     
    #16     Oct 5, 2010
  7. I think they call it trend following... was popular in the 70s...


    Get out your disco boots...
     
    #17     Oct 5, 2010
  8. No EquityGuy4321 is thinking out of box...

    He must be a very good trader.

    Of course News and Analysis and Sites are all good. We want to understand how much the rally can extend...

    Thank you EquityGuy4321.
     
    #20     Oct 6, 2010