The silver tickler
 

Hi all,

I know that I am no day trader, and should not be getting excited at the movements in the PM's but the white metals are have been, and are still, edging slightly ahead of the yellow gear.

I sincerely thought that a contraction to the low 14's/high 13's was the go. However, here we are at what seems a bit of a run, toward the 15.50.

Who's betting on a NY smack down, and who is in the class of the bull?

I personally am feeling an upward trend from here.

And please, no pictures of rockets/missiles either succeeding or failing. Its not that I suffer an obsessive-compulsive disorder at all, its just that I believe that them pics curse the trend, , , , , , , , ,I know, because I forgot to tap every fence post this morning, AND, I walked under a ladder and stepped on a cracked paver. Certainly no, I am in no way, shape or form, neurotic. The silver bull is out to play.. . . . . . .


SH

Re: The silver tickler
 

I don't think they can keep smacking it down for much longer, eventually the arm swinging the hammer is gonna get broken.

Re: The silver tickler
 

They are smacking it down some but not as bad.......

Silver down 0.11 to $15.11 as of 11:12 A.M.

Re: The silver tickler
 

:driver: Drive to YOUR gold store! today

�Whenver destroyers appear among men, they start by destroying money, for money is men�s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper.� � Ayn Rand, �Atlas Shrugged�

from Gold-Eagle.com

HS note: The DESTROYERS will end up with most of the gold & silver as James Sinclair is fond of quoting. Make sure you have protected yourself with a more than fair share too.

:wink::yes:

Re: The silver tickler
 

Perhaps silver should be coined as being a tormentor, and not a tickler?

Perhaps I should avoid the next ladder, and tap every fence post?

Seriously, though, I think we all agree, that for a metal that is both an industrial and PM, and also situated in a very tight market, the price is dictated by the derivative market.

There must be hundred, if not thousands of paper ounces speculating the price of the real stuff every day.

How much longer such casinos will continue, is any ones guess. I myself am long on Ag, but would be nice to see a break out in the near future.

SH

Re: The silver tickler
 

How does it work ? I believe you but I don't understand how the hedge funds etc. manipulate prices using tools/ financial products like credit derivatives.

I halfway understand shorting.

Are the credit derivative markets somehow acting as an extension of US government policy in keeping gold prices down, and their reward for cooperating is huge salaries (e.g. top 30 earning hedge fund managers in 2007, average salary - $500 million.)

Re: The silver tickler
 

A 'derivative' is basically an off-shoot from the real stuff, and what I understand about trading derivatives, is something like the futures market.

I don't trade with the futures, yet understand that future contracts can be bought through a broker. The trader in numerous ways, makes a call to the broker, that a future market will do this or that.

That call is formed into a contract, and if the market plays in that direction, the trader makes a profit. If the market goes the other way, that trader gets a margin call, or, if that contrary trend continues, that trader gets wiped out, and loses. The loss or gain might be a few, or may well run into tens of thousands.

The old time movie "Trading places" with Eddie Murphy, Dan Ackroyd and Jamie-lee Curtis, sheds light onto the lives of both the day, and long term trader.

Its a great movie, and affords just how devastating getting the wrong information can cost a trader. As well as rewarding from the right information.

Perhaps someone else can clarify, why on earth at times when the PM bullion market is nearly dry, and with extortionate premiums, there are no such premiums or restrictions on the sale of the futures?

I am sure such pressing questions have been since flogged within many other forums. I see the current price of PM's, are dictated not by the scarcity or affluence of the availability of PM bullion, but what the future market dictates through the derivative stock of NYMEX and COMEX.

I hope I have this right.

SH

Re: The silver tickler
 

OH, and I forgot to mention.

If some big player/s off load or purchase a humongous stack of contracts, the smaller players follow such trends. Hence, if an insider has incalculable knowledge, I personally opinion to the fact that such huge influences can deter a market price hither and tither.

But that is only my opinion.

SH