<< <i>Seeing negative divergences and possible double top in retail index so I bought some March puts. >>
I think you will do well.
<< <i>This would be a great time for gold and silver to get off their arses. Lets see if they can prove their mettle. I have my reservations though. >>
I suppose the same would be to ask you to show me all the people who bought DIA and SPY within 2% of their highs. A quick review of previous threads with the word "porn" in them from Aug-Sept 2011 will show quite a few purchases of gold near the top.
I don't need to present those people because I don't use the references of "people who bought at the very top" and how bad off they are once the market craters. I have no interest in anyone buying gold, silver or DIA/SPY near a top because they are rare exceptions to the rule. As far as buying silver at $18-$19 (ie <$20)...it was readily available at that price by buying futures, SLV, USLV or any other various means of non-physically traded silver. It's always been made quite clear to us that SLV or GLD is just as viable for making profits as physical gold or silver. So yes, $19 silver was readily available to anyone who wanted it during the half a dozen or more days between June-August when it was available at that price during NY trading hours. And fwiw you could have bought $19 physical silver as well if you were aggressive. Some of the less in-demand rounds, larger bars, etc. could have been purchased with a premium as low as $1.00-$1.25. You didn't have to buy ASE's, Maples, silver dollars, Englehard rounds, 90% US silver coin and other products that were bringing $3-$6 premiums. And if you were buying from the public, you could have done even better. I'm sure fairly few people took advantage of $19 silver because they were sure it was going a lot lower at the time. It will be same reason they don't buy $16-$18/oz silver should the opportunity present itself.
I'm sure fairly few people took advantage of $19 silver because they were sure it was going a lot lower at the time
Thats too bad, cuz I think someone saying he was now a buyer at 18.86, after several years of being cautious while explaining exactly the philosophy of investors. Others touted conspiracy and manipulation theories, posted somewhat amusing cartoons, and bantered about "fundamentals".
All that time wasted on why JPM was controlling the market. Why the central banks were colluding. Why China was buying gold. Why Trump was taking gold in lieu of rent. And for what? To lose 1/2 your money? PM bulls seem to have a lot of anger and contempt. These last 5 years have been a most entertaining study in investor behavior. And highly predictable, I might add.
Comments
This would be a great time for gold and silver to get off their arses. Lets see if they can prove their mettle. I have my reservations though.
Knowledge is the enemy of fear
<< <i>Seeing negative divergences and possible double top in retail index so I bought some March puts. >>
I think you will do well.
<< <i>This would be a great time for gold and silver to get off their arses. Lets see if they can prove their mettle. I have my reservations though. >>
It would be, but I'm not getting my hopes up.
I don't need to present those people because I don't use the references of "people who bought at the very top" and how bad off they are once the market craters. I have no interest
in anyone buying gold, silver or DIA/SPY near a top because they are rare exceptions to the rule. As far as buying silver at $18-$19 (ie <$20)...it was readily available at that price by buying futures, SLV, USLV or any other various means of non-physically traded silver. It's always been made quite clear to us that SLV or GLD is just as viable for making profits as physical gold or silver. So yes, $19 silver was readily available to anyone who wanted it during the half a dozen or more days between June-August when it was available at that price during NY trading hours. And fwiw you could have bought $19 physical silver as well if you were aggressive. Some of the less in-demand rounds, larger bars, etc. could have been purchased with a premium as low as $1.00-$1.25. You didn't have to buy ASE's, Maples, silver dollars, Englehard rounds, 90% US silver coin and other products that were bringing $3-$6 premiums. And if you were buying from the public, you could have done even better. I'm sure fairly few people took advantage of $19 silver because they were sure it was going a lot lower at the time. It will be same reason they don't buy $16-$18/oz silver should the opportunity present itself.
Thats too bad, cuz I think someone saying he was now a buyer at 18.86, after several years of being cautious while explaining exactly the philosophy of investors. Others touted conspiracy and manipulation theories, posted somewhat amusing cartoons, and bantered about "fundamentals".
All that time wasted on why JPM was controlling the market. Why the central banks were colluding. Why China was buying gold. Why Trump was taking gold in lieu of rent. And for what? To lose 1/2 your money? PM bulls seem to have a lot of anger and contempt. These last 5 years have been a most entertaining study in investor behavior. And highly predictable, I might add.
Knowledge is the enemy of fear