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Author Topic: Going Back into Silver  (Read 1698 times)
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badon
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« Reply #20 on: 2011 Aug 07, 04:25:32 pm »

Yikes! It's up 1.5% already, and the Eastern markets have only been open for a little while. Here's a better link to the info:

http://www.kitco.com/market/
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« Reply #21 on: 2011 Aug 07, 07:38:29 pm »

Both seem to be up about 1/2% on my screen right now.

A trader friend of mine says he expects Monday to be limit down on stocks.
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Neal McSpadden
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« Reply #22 on: 2011 Aug 07, 09:44:19 pm »

About 2% a piece positive now. That back into silver will be a nice point if things hold like this tomorrow. My only Hong Kong stock is down 9%. Also, on July 20 or so I hedged my long USA stock positions by writing covered calls at the money for 5%. Of course the market dropped more, so those will likely expire worthless, however I am now unhedged.

To kick me when I am down, the VIX calls I was buying for a August expiry and a $19 strike are now about 6x what I bid at. Seems they will open about 10x that price. In hindsight, should not have been so strict with my limit order.
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« Reply #23 on: 2011 Aug 08, 06:48:22 am »

I'm still holding my SLV position until the next rumor from tamo.  Only down about 20% since the last rumor :)
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« Reply #24 on: 2011 Aug 08, 09:36:15 am »

To kick me when I am down, the VIX calls I was buying for a August expiry and a $19 strike are now about 6x what I bid at. Seems they will open about 10x that price. In hindsight, should not have been so strict with my limit order.

Yeah, I'm in the same boat. I closed my VIX calls on Thursday! Granted, they were up 100%, but still!
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Neal McSpadden
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« Reply #25 on: 2011 Aug 08, 09:36:55 am »

I'm still holding my SLV position until the next rumor from tamo.  Only down about 20% since the last rumor :)

Paper silver is a very volatile game. Gotta be quick on your feet (or fingers as the case may be).
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Neal McSpadden
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« Reply #26 on: 2011 Aug 08, 11:02:26 am »

I'm not in anything but Chinese coins, and I'm doing GREAT! :P
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« Reply #27 on: 2011 Aug 18, 09:45:05 am »

Got back into some SLV calls yesterday just before the close.
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Neal McSpadden
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« Reply #28 on: 2011 Aug 18, 10:05:32 am »

Got back into some SLV calls yesterday just before the close.
Such a smart move!  I'm still locked in at when it's about $50 :(
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« Reply #29 on: 2011 Aug 18, 10:11:53 am »

I wouldn't worry too much about it. I would be surprised if silver doesn't break $50 this year.

The margin-hike move has already been played. So when they tried the same thing in gold a week or so ago it did almost nothing.
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Neal McSpadden
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