Well, it's Friday again, you know what that means
piecesofme
Posts: 6,669 ✭✭✭
Metals will be down 
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?
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.
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
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.
Too many positive BST transactions with too many members to list.
I think new taxes & fiscal cliff got all $$ scared.
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.
<< <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.
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"?
Too many positive BST transactions with too many members to list.
<< <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.
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.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
find some good values
<< <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.
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"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <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.
Charles III Album
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Charles IV Album
Charles IV Portrait Set
Spanish Colonial Pillar Set
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.
I knew it would happen.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Thank you for reinforcing my notion that a SLV Put at the money should be purchased at 3:14 PM CT every Thursday.
<< <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.
I only agreed that the "big players set the tone." Don't assume we hear the same thing.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Trading 101 taught me long ago to not talk about my trades...I'm surprised so many here do.
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.
USLV
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.
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.
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.
edit to say this was a company gift to my father for 10 years of service.
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.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Metals will be down
POM. God must have taken a day off today. Nice PM rally.
<< <i>
<< <i>Metals will be down
POM. God must have taken a day off today. Nice PM rally. >>
don't pick on POM, he's my forecaster.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <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.
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>
<< <i>
<< <i>Metals will be down
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.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey