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Well, it's Friday again, you know what that means

Metals will be down image Look at the last 25 or so Fridays. A good majority of them were down days for Metals, why? Is it because God forbid people hold their paper postions over a weekend?
To forgive is to free a prisoner, and to discover that prisoner was you.

Comments

  • tydyetydye Posts: 3,894 ✭✭✭
    It works for me as the weekends are when I do most of my buying.
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    How is that different than holding physical over the weekend?

    The decline from democracy to tyranny is both a natural and inevitable one.

  • guitarwesguitarwes Posts: 9,237 ✭✭✭

    I'm glad it goes down a little on Fridays. Like tydye, that's when I hit the coin/Cash4Gold shops to buy some.

    I finally found a place that sells for spot, no matter what form it's in, generic or engelhard or SAE's. That was I don't have to worry about price movements when I'm shopping.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • DrBusterDrBuster Posts: 5,301 ✭✭✭✭✭
    Sigh, stupid contract end/extension end of year BS for me so I've been holding the cash tight lately..well, except for lots of dinners and drinks out since wifey is back in college to add a specialist degree on top of her masters. I've told her she owes me a bouncing Caddy when she's done with this one.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    I think new taxes & fiscal cliff got all $$ scared.
    Avid collector of GSA's.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    How is that different than holding physical over the weekend?

    Really? ok, i'll play along. Because paper silver determines what Spot is going to be. Physical silver doesn't play nearly as large of a part in determining what Spot is. It does factor in, but not to the level that paper silver does.
    Some say it's the opposite, I don't subscribe to that. With physical there is a certain level of supply & demand levels. With paper, it's unlimited. If you think the amount of paper silver that is traded is not greater than what the actual physical silver is, when then I guess that's your choice to believe so. image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • guitarwesguitarwes Posts: 9,237 ✭✭✭


    << <i>...With paper, it's unlimited. If you think the amount of paper silver that is traded is not greater than what the actual physical silver is, when then I guess that's your choice to believe so. image >>



    yes, it would be a sad day to many folks if everyone made a run to cash out their paper silver for physical. If that ever happens, can we say "exponential parabolic"?
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • derrybderryb Posts: 36,118 ✭✭✭✭✭


    << <i>How is that different than holding physical over the weekend?

    Really? ok, i'll play along. Because paper silver determines what Spot is going to be. Physical silver doesn't play nearly as large of a part in determining what Spot is. It does factor in, but not to the level that paper silver does.
    Some say it's the opposite, I don't subscribe to that. With physical there is a certain level of supply & demand levels. With paper, it's unlimited. If you think the amount of paper silver that is traded is not greater than what the actual physical silver is, when then I guess that's your choice to believe so. image >>


    You didn't answer the question: You stated earlier that price would be down on Friday and "God forbid people hold their paper postions over a weekend?"
    Back to the question: "How is that different than holding physical over the weekend?"

    Since we agree paper determines spot and spot is the major factor in physical price, doesn't price go down for physical as well over the weekend? Can one deduce that you are also saying "God forbid people hold their physical over a weekend?" I see no difference in holding either over a weekend.
    Amount of paper traded has nothing to do with my question.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Will be shopping this weekend. Hopefully I"ll
    find some good values image !!!
    Timbuk3
  • JohnnyCacheJohnnyCache Posts: 1,664 ✭✭✭✭✭


    << <i>How is that different than holding physical over the weekend? >>




    I can't speak for him but what I took out of his comments was that we often see the larger players, a.k.a. hedge funds, large traders, market makers, institutional investors, do their best to enter the weekend in a neutral or otherwise "safe" position. In this way any change in news, be it fiscal decisions coming out of washington, be it a natural disaster, be it a corporate scandal or a geopolitical event, the news causes the least impact to their portfolio/positions. They are looking to insulate themselves from anything that can cause a shift in the valuations of the broader stock market or the commodities market while they are unable to act. They want to be positioned to have limited exposure when markets are closed, to the extent that is possible or at least to the level they are comfortable with.

    It seems, for several years now actually, that we see the friday sell offs, occuring not just in pm's but in several areas, as investors simple don't like being positioned in such that they are left exposed over the weekend. Now that isn't to suggest that everyone is in cash over the weekend but instead that more and more it appears that each hedge fund has their own thoughts with regard to how much exposure they are willing to have, and in what sectors they will or won't have it in.

    I could be quite wrong but that is what I took from his statement.
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    My point: a weekend drop in paper is also a weekend drop in physical.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • JohnnyCacheJohnnyCache Posts: 1,664 ✭✭✭✭✭


    << <i>My point: a weekend drop in paper is also a weekend drop in physical. >>



    Without a doubt, I think it was more of a sentimental statement expressing that if the big players, whose moves in and out of the market affect the price structure unlike the rest of us, would just not unload over the weekend then in some way, perhaps only anecdotally, small pm holders would feel more confident or maybe more affluent (Guessing here - Im not sure what exactly is behind the sentiment) than if the metals didn't fall in price.

    This is pure speculation on my part.

    I take a very long view of pm's in that, although I find pleasure in watching their price action, as I do with the stock market, I don't feel like one day I'm doing well and another day I'm doing poorly from an investment standpoint. This is primarily because, quite frankly, the pm's I hold are not something I ever plan to liquidate. Instead I intend to leave them to my children. In fact I hope, and I even sometimes preach a little to the kids, that they also should not sell off these pm's either but instead transfer them to future generations as an ongoing and growing self insurance policy against anything that would jepordize their family's basic security and well being, which if something such as that were to occur then I would want them to sell the dam things asap and get back on their feet.

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I think it was more of a sentimental statement expressing that if the big players, whose moves in and out of the market affect the price structure unlike the rest of us, would just not unload over the weekend then in some way, perhaps only antidotally, small pm holders would feel more confident or more maybe more affluent (im not sure what exactly) than if the metals didn't fall in price

    This, you nailed exactly what I was getting at. Sorry I didn't explain it as thoroughly, or as easily understandable as you did.
    We don't set the tone, the big players do...obviously. So if they would be more willing to hold over a weekend, can't say for sure, but I would think the chances of the metal not falling on a Friday would decrease. That's purely an assumption, but logicly holds up I think.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • jmski52jmski52 Posts: 22,305 ✭✭✭✭✭
    If it were a sure thing, I'd be buying paper metals position this afternoon. But it's not.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    success or failure is largely dependent on a correct understanding of what the market movers will do next. Don't fight the FED and don't fight the market movers, grab their coat tails and hang on.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    success or failure is largely dependent on a correct understanding of what the market movers will do next. Don't fight the FED and don't fight the market movers, grab their coat tails and hang on.

    Thank you for reinforcing my notion that a SLV Put at the money should be purchased at 3:14 PM CT every Thursday. image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,118 ✭✭✭✭✭


    << <i>success or failure is largely dependent on a correct understanding of what the market movers will do next. Don't fight the FED and don't fight the market movers, grab their coat tails and hang on.

    Thank you for reinforcing my notion that a SLV Put at the money should be purchased at 3:14 PM CT every Thursday. image >>


    I only agreed that the "big players set the tone." Don't assume we hear the same thing.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    glad I held the USLV paper silver over the weekend. Would have cost me a bunch more to buy it back by the time the markets opened Monday. image

    The decline from democracy to tyranny is both a natural and inevitable one.

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    and where did you say you bought it here? Do a guy a favor and please link it as i don't have that kind of time to search. Aww never mind, you could've said you sold it too and I wouldn't know any different. I guess I'm just going to have to have some faith in what you say derry LOL. Nice hold.
    Trading 101 taught me long ago to not talk about my trades...I'm surprised so many here do.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • WingsruleWingsrule Posts: 2,977 ✭✭✭✭
    So, just to make sure I understand it all...

    We can't discuss trades before we make them.
    We can't state that we bought XYZ after the fact because our credibility gets questioned.

    I am so confused.image
  • WingsruleWingsrule Posts: 2,977 ✭✭✭✭
    Oh, and here's the thread.

    USLV
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    You can do whatever the heck you want to Mark, I choose not to brag about a good trade or dwell about a bad one. I have parameters, and if they are met, I act on them, that's all I'm saying.
    Besides, like I said, I dont have time to keep track of other people business. Maybe you do finding the thread? That's fine. I didn't mean anything by it. Once again, you take what I say out of context, but that's fine, I'm so use to it by now from you.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • WingsruleWingsrule Posts: 2,977 ✭✭✭✭
    and where did you say you bought it here? Do a guy a favor and please link it as i don't have that kind of time to search.

    You asked a question, I provided the answer. I don't know how that takes anything out of context. Took about 20 seconds using the search function here. Probably less time than it took for you to type up the question. Confused again.image
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    see my sig line for explanation. All you've ever given me is a hard time after having given a $200 donation to one of your charity auctions. I'm the one that's confused, about your behavior towards me.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    You asked a question, I provided the answer. I don't know how that takes anything out of context.

    But in fact you did, because if you would've gone on to read the rest of what i said:

    Aww never mind, you could've said you sold it too and I wouldn't know any different. I guess I'm just going to have to have some faith in what you say derry LOL. Nice hold.

    you wouldn't have felt the ned to nit-pick what I say.
    Like I told someone else here...if you're going to critisize everything I say here, at least read all of it and get it right.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭
    image

    image

    edit to say this was a company gift to my father for 10 years of service.
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
  • mariner67mariner67 Posts: 2,746 ✭✭✭
    image
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    And all I get after 10 years is 4 weeks paid vacation? Wait a minute, if I worked those 4 weeks and used the cash that is intended for vacation I could buy a little over 3 oz's.
    Your dad got ripped! Of course I am totally joking. I wouldnt mind getting paid at least part of my earned wages in Ag. Shoot, I might even be more productive knowing there was a 20 oz Engelhard waiting for me at the end of the week for just working and technically I didnt have to pay anything for it.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    looks like it might be a good Friday for a change. Paper markets closed early at 1 pm. Gonna let mine simmer over the weekend.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭


    << <i>Metals will be down image Look at the last 25 or so Fridays. A good majority of them were down days for Metals, why? Is it because God forbid people hold their paper postions over a weekend? >>



    POM. God must have taken a day off today. Nice PM rally.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,118 ✭✭✭✭✭


    << <i>

    << <i>Metals will be down image Look at the last 25 or so Fridays. A good majority of them were down days for Metals, why? Is it because God forbid people hold their paper postions over a weekend? >>



    POM. God must have taken a day off today. Nice PM rally. >>


    don't pick on POM, he's my forecaster.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    The spite and childlike antagonistic traits you guys are made up of is really something to behold. Yep, it's a chat board where trolls live. That's for sure.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • PerryHallPerryHall Posts: 45,301 ✭✭✭✭✭


    << <i>The spite and childlike antagonistic traits you guys are made up of is really something to behold. Yep, it's a chat board where trolls live. That's for sure. >>



    I think it was good natured kidding between friends. I could be wrong though.

    Worry is the interest you pay on a debt you may not owe.

  • OPAOPA Posts: 17,104 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Metals will be down image Look at the last 25 or so Fridays. A good majority of them were down days for Metals, why? Is it because God forbid people hold their paper postions over a weekend? >>



    POM. God must have taken a day off today. Nice PM rally. >>


    don't pick on POM, he's my forecaster. >>



    Forecaster of what?

    I think it was good natured kidding between friends. I could be wrong though.

    You are.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    It was meant as good natured kidding, but take it as you so choose.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    refer to my sig. line for guidance OPA
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • DrBusterDrBuster Posts: 5,301 ✭✭✭✭✭
    Lighten up Francis.
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