this is all over web this weekend. only way we will know
is an unusual V bottom or not. Besides SLV I also added to
CEF in carnage! I will talk to my dealer on
Monday! David Morgan is in this camp! Time will
tell!
Although not convinced of astrology, full moons(we are there)
have marked some very important turing points for key highs and
lows. One main reason took a position in SLV and other
related for a trade! We should soon know but will use
stops. Strength tonight could be weakness in morning.
Also carried over SKF(have a weak buy on inverse) and SRS.
Weekend housing news dismal so some more strength in SKF could turn
to strong SWING trade!
From Kitco-
IMPORTANT NEW NOTICE:Due to market volatility and
higher demand in the entire industry, we are anticipating delays in
supply of all bullion products. Please note that you can continue
to place orders and prices will be guaranteed; however,
cancellation fees will still be applicable regardless of the length
of the delay. Consequently once inventory is received there may
also be delays in processing and shipping by our vaults.
Posted by treid4dou on 18th of Aug 2008 at 09:08 pm
good points......GLD was down AH....will monitor tonite thru
asian mkts. again...strange things going on.....no physical in
silver..yet you may buy the ETF....mmmmm.......today mkt. dropped
with Oil down, energy down.....mmmm......
of course there is enough gold and silver, paper gold and
silver, that is. Just take a look at prospectus for GLD or SLV,
they owe nobody anything, they are not even subject to any third
party audits. Mybe they are fully backed by billion maybe not.
Maybe I didn't understand the prospectus right.
They, however, are great instruments of market price control.
And then we have the future market -- a world full of
promises of future, and short of commitments of today. It sounds
like business as usual alright, am I missing the point?
I know bullion banks are active in future markets, shorting
metal not recorded anywhere, but that still is a promise of
delivery.
If what is circulating is true, and the actual demand
outstripping supply is really correct, it is a front runner ahead
of strong south asian demand season for gold. Again, if (BIG WORD)
that is the case, matt's COT data should point to a seasonal low
for commercial shorts, and we shall see a bounce.
On Friday, I called a dealer and asked for 5 one-ounce swiss
gold bars, he had no problem accomodating me, we negotiated the
price, and that was that. That was Friday, which seems like an
eternity ago.
BTW, I am also a CEF investor (not trader) because they are
subject to third party audit, and I could understand their
propectus
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slv
SLV
Posted by rafe on 17th of Aug 2008 at 12:00 pm
this is all over web this weekend. only way we will know is an unusual V bottom or not. Besides SLV I also added to CEF in carnage! I will talk to my dealer on Monday! David Morgan is in this camp! Time will tell!
http://goldmoney.com/en/commentary-print.html
SLV
Posted by rafe on 18th of Aug 2008 at 12:38 am
Although not convinced of astrology, full moons(we are there) have marked some very important turing points for key highs and lows. One main reason took a position in SLV and other related for a trade! We should soon know but will use stops. Strength tonight could be weakness in morning.
Also carried over SKF(have a weak buy on inverse) and SRS. Weekend housing news dismal so some more strength in SKF could turn to strong SWING trade!
From Kitco-
IMPORTANT NEW NOTICE:Due to market volatility and higher demand in the entire industry, we are anticipating delays in supply of all bullion products. Please note that you can continue to place orders and prices will be guaranteed; however, cancellation fees will still be applicable regardless of the length of the delay. Consequently once inventory is received there may also be delays in processing and shipping by our vaults.
SLV
Posted by rafe on 18th of Aug 2008 at 08:02 pm
For now, most PM related securities bought into carnage on Friday have been treated as a two day swing trade. Look again tomorrow!
Carried over are several ULTRA Short ETFs----An individual short in DDR!
The buying into Friday Carnage generated some nice gains but just not convinced short term and think $ better allocated to the above ETFs.
good points......GLD was down AH....will
Posted by treid4dou on 18th of Aug 2008 at 09:08 pm
good points......GLD was down AH....will monitor tonite thru asian mkts. again...strange things going on.....no physical in silver..yet you may buy the ETF....mmmmm.......today mkt. dropped with Oil down, energy down.....mmmm......
of course there is enough
Posted by googool on 17th of Aug 2008 at 12:37 pm
of course there is enough gold and silver, paper gold and silver, that is. Just take a look at prospectus for GLD or SLV, they owe nobody anything, they are not even subject to any third party audits. Mybe they are fully backed by billion maybe not. Maybe I didn't understand the prospectus right.
They, however, are great instruments of market price control. And then we have the future market -- a world full of promises of future, and short of commitments of today. It sounds like business as usual alright, am I missing the point?
I know bullion banks are active in future markets, shorting metal not recorded anywhere, but that still is a promise of delivery.
If what is circulating is true, and the actual demand outstripping supply is really correct, it is a front runner ahead of strong south asian demand season for gold. Again, if (BIG WORD) that is the case, matt's COT data should point to a seasonal low for commercial shorts, and we shall see a bounce.
On Friday, I called a dealer and asked for 5 one-ounce swiss gold bars, he had no problem accomodating me, we negotiated the price, and that was that. That was Friday, which seems like an eternity ago.
BTW, I am also a CEF investor (not trader) because they are subject to third party audit, and I could understand their propectus