![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/sp_en_6.gif)
The Lunatic Fringe - Trading talk.
- Thread starter Zed
- Start date
Wore this out back in the day.
- Joined
- Nov 25, 2013
- Messages
- 8,382
- Likes
- 14,294
Those that can do maths know when and where the metals are being manipulated.
Short silver before NY scumbags start "trading", go long as soon as they stop rigging...I mean close. Wait till the next day, rinse repeat. Profit.
Asian markets up, Euro markets level it off, NY monkey hammers. ...particularly when they're trying to persuade people to roll over futures rather than take delivery in the crimex commodity paper exchange. The people with vaults filled with silver don't want to part with physical for measly spot and why should they, when they can get people to accept paper they can print.
It's a bold play. Not for me, but I stopped trading paper years ago.
Short silver before NY scumbags start "trading", go long as soon as they stop rigging...I mean close. Wait till the next day, rinse repeat. Profit.
Asian markets up, Euro markets level it off, NY monkey hammers. ...particularly when they're trying to persuade people to roll over futures rather than take delivery in the crimex commodity paper exchange. The people with vaults filled with silver don't want to part with physical for measly spot and why should they, when they can get people to accept paper they can print.
It's a bold play. Not for me, but I stopped trading paper years ago.
SLV - (Green) against PSLV (Silver)
Index to 100 at the inception of PSLV.
As an objective and measurable fact you'd have been ~9% better off in SLV over that period. Any asshole can cherry pick their data to suit their argument. Of the two funds SLV has tracked Silver more closely. The only time that PSLV has beaten SLV is in the very very recent past. So, lets stay with the facts.... eh?
@solarion we don't do your sort of dogma on this thread. Come up with something real or fuck off.... please, you have the whole of GIM to piss around with unprovable claims. The folk here are wanting to feed family's and secure retirements, they are big boys and girls, they understand the risks and they are not betting the farm on any one outcome here. Dogma isn't helping them and they are not really that interested in it. Barking up the wrong tree pal.
Index to 100 at the inception of PSLV.
As an objective and measurable fact you'd have been ~9% better off in SLV over that period. Any asshole can cherry pick their data to suit their argument. Of the two funds SLV has tracked Silver more closely. The only time that PSLV has beaten SLV is in the very very recent past. So, lets stay with the facts.... eh?
@solarion we don't do your sort of dogma on this thread. Come up with something real or fuck off.... please, you have the whole of GIM to piss around with unprovable claims. The folk here are wanting to feed family's and secure retirements, they are big boys and girls, they understand the risks and they are not betting the farm on any one outcome here. Dogma isn't helping them and they are not really that interested in it. Barking up the wrong tree pal.
Anyway all that said... IF you want to play an ETF then play PSLV when it has a low premium or a discount because the silly fuckers that buy it have pushed it to a 40% premium in the past and they may well be stupid enough to do that again in the future. When the sheep bah it is your duty to shear them!
Pick a different time frame. Yes, there was a long period of time where they had a 20-30% premium, and no that should not happen but you have no idea what caused the situation.. Im guessing it was a regulation problem and they weren't able to issue shares. Easy solution, do not buy when its a huge premium, instead buy heavy when its a discount to physical.
I picked several and more often that not SLV was on top, regardless, MY POINT is that is exactly what @solarion is doing. Cherry picking and bragging about it. Kinda stupid no?
+ trading @ a big premium/discount to silver is a sign that the fund is being mismanaged... it should track the metal, no more, no less.
+ trading @ a big premium/discount to silver is a sign that the fund is being mismanaged... it should track the metal, no more, no less.
Last edited:
