talk about price swings

derryb

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).

tneig

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?

ricko

Watching the daily price swings could result in stomach problems.... Cheers, RickO

Baley

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

57loaded

<< <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 >>



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

cohodk

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.

derryb

<< <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 >>


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.

Baley

Wow big daddy, throwing around six figure ETF bets and winning them all, quite a playa

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

derryb

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.

jmski52

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!


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

derryb

some days peanuts, some days shells

DrBuster

And what could you do with opposing positions on these almost daily swings...hmmm I wonder.

57loaded

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



VERY SWEET!

CaptHenway

And metals just boinged. What happened?

CaptHenway

What the Sam Hill????????

jmski52

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.

bronco2078

TF metals boing

joefro

Look here:

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

Pokermandude

<< <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.

CaptHenway

Happened again!

DrBuster

<< <i>Happened again! >>



Enjoy the Good Friday $0.50 off sale!!!

TwoSides2aCoin

<< <i>

<< <i>Happened again! >>



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


Best day of my life, so far.