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Will it continue?
derryb
Posts: 38,627 ✭✭✭✭✭
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
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Probably.
The "paper" price is generally volatile and over-shoots on the way up and the way down.
Physical in-hand metal prices are less volatile by way of premiums that decrease when the price spikes up, and premiums that increase when the price drops. So I expects premiums will increase somewhat from here.
ZSL ETF can be a very powerful tool for hedging silver exposure and for speculating on a decline of silver spot price.
AGQ ETF is a good tool for the opposite reason and for speculating on the rise of spot silver price.
Both are leveraged ETFs that move twice the percentage of spot price movement. Both offer opportunity (and risk) of going long or short with a paper product.
Silver is currently a revolving door. This leads to increased volatility that offers opportunity. Silver ETfs provide the easiest and quickest way to take advantage of this volatility. Yes, the long term stackers of physical silver will make money - in the long term. ETFs offer the chance to make money in the short term when the price of silver goes up AND when it goes down. The only requirement is a successful choice on spot price movement and the reversal of that movement. My choice of weapons is SLV. For a greater (or lesser) return I use the leverged ETFs. I go with AGQ for upward silver prices and ZSL for declining silver prices.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
Yup ..... I took profits today on my paper hedge as well as bought a lot of physical on the dip!!! Gonna probably long the paper now as I believe silver is over-sold as I had support on the short side pegged at $56 spot and I will just continue to buy the dips on physical. Will collar the paper as well until I see a definitive move either way. 😎
🇺🇸 Harlequin
harlequinnumismatic@gmail.com
Home of the Americana Collection of USA silver coins
It might be time to average in.
I knew it would happen.
It’s not ceased. So, yes.
Practice makes perfect & nobody is perfect. So, practice being nobody.
Dips and even a CRASH are needed just like a forest fire. It's healthy for the landscape. Opportunity! Especially for the dedicated.
COPPER is gutter !
Yup, it's a no brainer. They don't call it Gutter metal for nothing. LoLz! THKS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Who is "they"? You're the only one that calls it gutter. Lolz.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
We can all expect that the bottom has been hit once BTC waltzes in.
COPPER is gutter !
