"Always" is a bit of silly word to use for seasonals in PMs. A 7-8 yr chart of this PM shows this is not always the case.
Does anybody know if there is an Aussie ETF for silver?
Cheers
BT
I shorted 1 lot of Comex Silver at US$15.89, today its trading at US$15.48, earning USD2,050 in just 1 week. Not so silly har...:
I shorted 1 lot of Comex Silver at US$15.89, today its trading at US$15.48, earning USD2,050 in just 1 week. Not so silly har...:
After hearing of interest rate cut by Fed, I took profit on silver. And then bought Comex Copper and Mini Dow Jones.
Was there any profit left? By 9.22am NY time when the news of the cut hit, Silver was between 15.70 and 15.80, (after backtesting the breakout as I suggested with charts a few days ago on this thread.)
Yes, bought back at 15.78, profit is US$539.08.
Well done! Tough way to make a living though
Finally we seem to be on the way. Gold is now at an all time high. Silver needs to more than double from here to do the same. What a bargain.
Given the recent gains in Silver, why have the share prices of both CXC and MMN continued to slide? Any thoughts?
Btw - am new to the silver game but hold in gold stocks; mainly juniors. Based on what I've read though, the gold/silver ratio may correct soonish, with this year possibly helping it along its way. My main concern is whether to go with a big producer like CXC or speculate with MMN.
I think unless they are a so called bluechip ( some aren't that blue more a tinge of ) , and they're up and running , selling a product , they'll all just suffer the Dec-March duldrums . The last few years you could set your clock by it . It's just a market sync thinglybob that every trader/investor has to become acquainted with .
The spec world is one built on promises , those that can deliver get the plaudits , the rest cop ....... Get round to the cyclicals and you can time " roasts " to it .
I go back on all the promises first and see who has delivered , then try to get in sync with the share ones after .
Given the recent gains in Silver, why have the share prices of both CXC and MMN continued to slide? Any thoughts?
Btw - am new to the silver game but hold in gold stocks; mainly juniors. Based on what I've read though, the gold/silver ratio may correct soonish, with this year possibly helping it along its way. My main concern is whether to go with a big producer like CXC or speculate with MMN.
Here is an interesting article regarding the renewed interest in Silver for things such as ID cards, medical dressings etc.
The loss of demand in Silver due to the waning of the chemicals for wet photography has kept Silver in surplus etc...
The full article is from Mineweb, http://www.mineweb.co.za/mineweb/view/mineweb/en/page33?oid=47936&sn=Detail
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