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I'm long 10,000 ounces of silver - someone make me feel better about Monday!

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  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭

    gold is a disappointment

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,364 ✭✭✭✭✭

    Reads like A Facebook tale. What'd ya have for breakfast ?

  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭

    Cereal.

    How bout you?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmlanzafjmlanzaf Posts: 34,569 ✭✭✭✭✭

    @MsMorrisine said:
    Cereal.

    How bout you?

    What? No picture.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,364 ✭✭✭✭✭

    Sold 3000 Oz of physical last week, for a bowl of oatmeal today.

  • jmlanzafjmlanzaf Posts: 34,569 ✭✭✭✭✭

    @MsMorrisine said:
    gold is a disappointment

    Makes you wonder how far down it would have gone today without the boost. I think it really wants to correct lower.

  • jmlanzafjmlanzaf Posts: 34,569 ✭✭✭✭✭

    @TwoSides2aCoin said:
    Sold 3000 Oz of physical last week, for a bowl of oatmeal today.

    LOL. How many thousand ounces for a hamburger today?

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,364 ✭✭✭✭✭

    An ounce of gold for a loaf of bread.

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭

    If I really had stones, I'd pick a price point and short oil. There's been a glut on the market and this price burst is probably not sustainable.

    well, shipping is down - so I read.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • johnny9434johnny9434 Posts: 28,420 ✭✭✭✭✭

    @MsMorrisine said:
    Iran v Saudi Arabia

    No retaliation so far

    yet (magic word)

  • derrybderryb Posts: 36,945 ✭✭✭✭✭
    edited September 16, 2019 1:34PM

    The Black Swan Is a Drone

    "The mainstream media will be under permanent pressure to downplay the consequences of this attack, but the cat is out of the bag: the Black Swan is a drone. What was "possible" yesterday is now a low-cost proven capability, and the consequences are far from predictable."

    "The real impact isn't on short-term oil prices, it's on asymmetric warfare: the coordinated drone attack on Saudi oil facilities is a Black Swan event that is reverberating around the world, awakening copycats and exposing the impossibility of defending against low-cost drones of the sort anyone can buy. . . there really isn't any reliable defense against a coordinated drone attack, nor is there any reliable way to distinguish between an Amazon drone delivering a package and a drone delivering a bomb."

    A paradigm shift indeed.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    @derryb said:
    The Black Swan Is a Drone

    "The mainstream media will be under permanent pressure to downplay the consequences of this attack, but the cat is out of the bag: the Black Swan is a drone. What was "possible" yesterday is now a low-cost proven capability, and the consequences are far from predictable."

    "The real impact isn't on short-term oil prices, it's on asymmetric warfare: the coordinated drone attack on Saudi oil facilities is a Black Swan event that is reverberating around the world, awakening copycats and exposing the impossibility of defending against low-cost drones of the sort anyone can buy. . . there really isn't any reliable defense against a coordinated drone attack, nor is there any reliable way to distinguish between an Amazon drone delivering a package and a drone delivering a bomb."

    A paradigm shift indeed.

    Nicely worded summation, except for the most important fact....These were not "low-cost drones" that you can be easily obtained, but sophisticated ones with extended range of several hundred miles and able to carry a substantial payload.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,945 ✭✭✭✭✭
    edited September 16, 2019 2:36PM

    @OPA said:

    @derryb said:
    The Black Swan Is a Drone

    "The mainstream media will be under permanent pressure to downplay the consequences of this attack, but the cat is out of the bag: the Black Swan is a drone. What was "possible" yesterday is now a low-cost proven capability, and the consequences are far from predictable."

    "The real impact isn't on short-term oil prices, it's on asymmetric warfare: the coordinated drone attack on Saudi oil facilities is a Black Swan event that is reverberating around the world, awakening copycats and exposing the impossibility of defending against low-cost drones of the sort anyone can buy. . . there really isn't any reliable defense against a coordinated drone attack, nor is there any reliable way to distinguish between an Amazon drone delivering a package and a drone delivering a bomb."

    A paradigm shift indeed.

    Nicely worded summation, except for the most important fact....These were not "low-cost drones" that you can be easily obtained, but sophisticated ones with extended range of several hundred miles and able to carry a substantial payload.

    The italics are from the link as is this: "Some published estimates place the total cost of the 10 drones deployed in the strike at $15,000. Highly capable commercially available drones cost around $1,200 each."

    Whatever their cost, they are certainly much cheaper than most alternative weapons needed to accomplish the same task.

    At the moment the source of the attack remains speculation and it is believed that the Houthis are not responsible.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    Blame it on Rio.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭

    You have Rio's number?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    "The italics are from the link as is this: "Some published estimates place the total cost of the 10 drones deployed in the strike at $15,000. Highly capable commercially available drones cost around $1,200 each."

    Again, none of those have the range that was needed to strike the Saudi oil fields ( several hundred miles), nor can they carry the payload that was used. These were sophisticated drones and not your $1k-$10k ones. My guess....if you include the cost of the missiles that were fired from the drones..$350k+ All of this is pure speculation on my part, just like the excerpt is from the article that was posted

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭

    Gotta be a cruise missile or someone who has the ability to remotely control a drone from hundreds of miles.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    @MsMorrisine said:
    You have Rio's number?

    867-5309

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,945 ✭✭✭✭✭

    @MsMorrisine said:
    Gotta be a cruise missile or someone who has the ability to remotely control a drone from hundreds of miles.

    If you know from where they originated, give Donald a tweet.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭
    edited September 16, 2019 4:53PM

    867-5309

    I tried to call, but I lost my nerve..... :)

    If you know from where they originated, give Donald a tweet.

    I'm sure that the high res cameras in space will tell the story.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭

    I'm officially eliminating a close range attack due to the difficulty of escaping.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭

    Actually, sold all 10,000 ounces last night at a slight profit. It might have farther to run, but I wanted out before the FED acts this week which could also create a big move in either direction.

    I think there will be retribution at the time & place of tptb's choosing. When that does happen, you can be assured that the computers will kick in, instantly. Playing the trading game in this environment is playing directly with the big boys.

    I think the key variant in this scenario is, as mentioned - the ratcheting up of asymmetric warfare. More uncertainty. At some point, there will be a counterattack. Position yourself accordingly. Or play the long game and don't worry as much.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    I'm surprised at the subdued responses this time around. Had this happened in 2011, half the posters would have said..."load up the truck...mortgage the house" etc. History lesson well learned by most old timers.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭
    edited September 17, 2019 5:41AM

    new news: oil flow can be restored faster than previously reported.

    back up the dump truck!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmlanzafjmlanzaf Posts: 34,569 ✭✭✭✭✭

    @MsMorrisine said:
    new news: oil flow can be restored faster than previously reported.

    back up the dump truck!

    LOL. Well, they originally said Monday, so it's a moving target.

    It really looks to me like gold and silver want to drop significantly. Time will tell.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,364 ✭✭✭✭✭
    edited September 17, 2019 7:06AM

    David used a slingshot, though I digress. " Dave's not here, man". And that is Jenny's number above.

  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    @jmlanzaf said:

    @MsMorrisine said:
    new news: oil flow can be restored faster than previously reported.

    back up the dump truck!

    LOL. Well, they originally said Monday, so it's a moving target.

    It really looks to me like gold and silver want to drop significantly. Time will tell.

    Most of the time, gold & silver will do things when least expected. Just like today...silver & gold up, when most of us expected a downturn, just like the price of crude did.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmlanzafjmlanzaf Posts: 34,569 ✭✭✭✭✭

    @OPA said:

    @jmlanzaf said:

    @MsMorrisine said:
    new news: oil flow can be restored faster than previously reported.

    back up the dump truck!

    LOL. Well, they originally said Monday, so it's a moving target.

    It really looks to me like gold and silver want to drop significantly. Time will tell.

    Most of the time, gold & silver will do things when least expected. Just like today...silver & gold up, when most of us expected a downturn, just like the price of crude did.

    No, doesn't surprise me today. It's the setup to the FED.

  • OPAOPA Posts: 17,124 ✭✭✭✭✭

    .> @jmlanzaf said:

    @OPA said:

    @jmlanzaf said:

    @MsMorrisine said:
    new news: oil flow can be restored faster than previously reported.

    back up the dump truck!

    LOL. Well, they originally said Monday, so it's a moving target.

    It really looks to me like gold and silver want to drop significantly. Time will tell.

    Most of the time, gold & silver will do things when least expected. Just like today...silver & gold up, when most of us expected a downturn, just like the price of crude did.

    No, doesn't surprise me today. It's the setup to the FED.

    It just came one day later then expected. :D

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmlanzafjmlanzaf Posts: 34,569 ✭✭✭✭✭

    @OPA said:
    .> @jmlanzaf said:

    @OPA said:

    @jmlanzaf said:

    @MsMorrisine said:
    new news: oil flow can be restored faster than previously reported.

    back up the dump truck!

    LOL. Well, they originally said Monday, so it's a moving target.

    It really looks to me like gold and silver want to drop significantly. Time will tell.

    Most of the time, gold & silver will do things when least expected. Just like today...silver & gold up, when most of us expected a downturn, just like the price of crude did.

    No, doesn't surprise me today. It's the setup to the FED.

    It just came one day later then expected. :D

    Well, today was/is the Fed day all along. That's why I really wanted out of my position before today. [Thank GOD!]

  • MsMorrisineMsMorrisine Posts: 33,240 ✭✭✭✭✭
    edited September 18, 2019 1:53PM

    keep to gold and silver to get some futures experience

    hypothetically you would have had stop loss orders in for today and hope for no powerful price dislocation

    now had you been short on friday and it dislocated up on sunday night you would have been killed. had you a stop loss market order in you would have eaten it. Had it been a limit order you would have needed consoling up until it hit that limit on the downside move. then you would have needed more consoling today for having the stop limit trigger and your short turning profitable today.

    it's all a roller coaster. ride magic mountain before you get on the corkscrew roller coaster. prepare yourself for a move against you like it did for some shorts on Sunday night.

    and pay better attention to market moving news days and times.

    do you know when the open outcry trading begins and ends?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭

    Swim with the tide, not against it. Counter trend moves should be left to those with more info and speed than you.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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