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talk about price swings

derrybderryb Posts: 38,623 ✭✭✭✭✭
in Precious Metals
Looks like silver spot will finish the day right where it started, but the volatility in between is something else. Good day to trade paper USLV and DSLV ETFs (3x long and 3x short). image

image

"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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    tneigtneig Posts: 1,505 ✭✭✭
    Maybe the big automatic buy/sell programs went astray.... Didn't seem to parallel in gold as much but there was a bump?
    No corresponding event in the dollar index?
    COA
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    rickoricko Posts: 98,724 ✭✭✭✭✭
    Watching the daily price swings could result in stomach problems....image Cheers, RickO
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    BaleyBaley Posts: 22,663 ✭✭✭✭✭
    Yeah, those 50 cent moves (less than 2%) are really something, especially round-trip, where you end up exactly where you started. woweee, what a rush image

    Liberty: Parent of Science & Industry

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    57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>Yeah, those 50 cent moves (less than 2%) are really something, especially round-trip, where you end up exactly where you started. woweee, what a rush image >>



    I was thinking the same.

    derryb, I know nil about this. I would think one would have to hit these on the button?

    If so what kind of return can you make based on a $1XXXX "investment" assuming you are in and out in this time period? J/C TIA

    image
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    RedneckHBRedneckHB Posts: 20,240 ✭✭✭✭✭
    If you were lucky, you might have been able to buy USLV under 20 and sell for over 21--making about 5%. However, if your emotions got the best of you, ie. silver is going up forever so why sell, you would now be back to your purchase price today. And at a loss tomorrow, and probably a substantial loss next week.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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    derrybderryb Posts: 38,623 ✭✭✭✭✭


    << <i>Yeah, those 50 cent moves (less than 2%) are really something, especially round-trip, where you end up exactly where you started. woweee, what a rush image >>


    You need to bone up on inverse and leveraged ETFs. Actually it was a $1.45 move down and a $1.85 move back up (during trading hours) trading the ETFs mentioned. The return I locked in by playing it on the way down with one ETF and on the way back up with the other was much greater than 2%. While I didn't quite time the bottom or the returning top It was quite the rush, about $24K worth.

    "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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    BaleyBaley Posts: 22,663 ✭✭✭✭✭
    Wow big daddy, throwing around six figure ETF bets and winning them all, quite a playa image

    Goodonya mate. Most of us are sitting on a few ounces of physical and making and losing the same fifty bucks on paper, but no actual profits, day after day

    Liberty: Parent of Science & Industry

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    derrybderryb Posts: 38,623 ✭✭✭✭✭
    The point is there is a place for paper metal in a portfolio and that volatility can be your friend. Both of these elements are often misunderstood by the metal investor.

    "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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    jmski52jmski52 Posts: 24,018 ✭✭✭✭✭
    The return I locked in by playing it on the way down with one ETF and on the way back up with the other was much greater than 2%. While I didn't quite time the bottom or the returning top It was quite the rush, about $24K worth.

    You're a better man than I am! Way to go!image


    Most of us are sitting on a few ounces of physical and making and losing the same fifty bucks on paper, but no actual profits, day after day

    image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    derrybderryb Posts: 38,623 ✭✭✭✭✭
    some days peanuts, some days shells

    "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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    DrBusterDrBuster Posts: 5,446 ✭✭✭✭✭
    And what could you do with opposing positions on these almost daily swings...hmmm I wonder.
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    57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>While I didn't quite time the bottom or the returning top It was quite the rush, about $24K worth. >>



    VERY SWEET!
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    CaptHenwayCaptHenway Posts: 34,202 ✭✭✭✭✭
    And metals just boinged. What happened?
    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    CaptHenwayCaptHenway Posts: 34,202 ✭✭✭✭✭
    What the Sam Hill????????
    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    jmski52jmski52 Posts: 24,018 ✭✭✭✭✭
    Captain, I just looked at the chart regarding your "boinged" comment. I would like to explain the reason for that unusual movement, but I honestly have no clue as to why that would happen.

    Dang'dest thing I ever seen.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    bronco2078bronco2078 Posts: 10,438 ✭✭✭✭✭


    TF metals boing
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    joefrojoefro Posts: 1,872 ✭✭
    Look here:

    METALS DEALERS SHUT DOWN SALES AS SILVER GLOBEX MARKET PRICE FEEDS FLUCTUATING BY OVER $1
    Lincoln Cent & Libertad Collector
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    PokermandudePokermandude Posts: 2,713 ✭✭✭


    << <i>Look here:

    METALS DEALERS SHUT DOWN SALES AS SILVER GLOBEX MARKET PRICE FEEDS FLUCTUATING BY OVER $1 >>



    These recent swings aren't even blink-worthy for someone who was watching the silver market during the ~2011 run up/down when +/- $2 swings were common.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
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    CaptHenwayCaptHenway Posts: 34,202 ✭✭✭✭✭
    Happened again!
    Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    DrBusterDrBuster Posts: 5,446 ✭✭✭✭✭


    << <i>Happened again! >>



    Enjoy the Good Friday $0.50 off sale!!!
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    TwoSides2aCoinTwoSides2aCoin Posts: 45,242 ✭✭✭✭✭


    << <i>

    << <i>Happened again! >>



    Enjoy the Good Friday $0.50 off sale!!! >>


    Best day of my life, so far.

    Practice makes perfect & nobody is perfect. So, practice being nobody.

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