Now that the paper-pushing speculative locusts have taken over the silver contract, and the bit-flipping Hi-Fi Robots have engulfed SLV, it would not be far fetched to believe that annual mine production is now being flipped and flopped every 10 minutes between the volumes being reported between SLV, PSLV and the silver contract. How ironic that a "sound money" instrument is now being Powerballed like a tsunami of lotto tickets.
I'm not complaining, just asking. Is 147,000 within norm, or way outside? What's the average/peak? BTW, it just jumped to 152,000. What would be a "wait a second, WTF is going on?" number?
First time poster long time lurker Dan, great blog. I for one enjoy the consolidation The run up was quick and stealthy. Everyone calm down have a drink or 2 and buy the dips. I am seeing some Wal-Mart style prices in some of the better known stocks so load up. If we linger around $40 for a period that works just fine for me, I was buying physical @ $12, so $40 is just fine.
I decided to sell my SLV. I took a nice profit. If it falls lower, I might buy back in. Owning silver is like riding a wild animal. I feel more comfortable having my money in gold, but the profit is lower. Sigh... tradeoffs.
Now that the paper-pushing speculative locusts have taken over the silver contract, and the bit-flipping Hi-Fi Robots have engulfed SLV, it would not be far fetched to believe that annual mine production is now being flipped and flopped every 10 minutes between the volumes being reported between SLV, PSLV and the silver contract. How ironic that a "sound money" instrument is now being Powerballed like a tsunami of lotto tickets.
ReplyDeletemy goodness....
ReplyDeleteSomebody's producing a horror film.
ReplyDeleteLooks like 40 is approaching...
ReplyDeleteWhat do you make of July volume at 147,000 ???
ReplyDeletehttp://www.cmegroup.com/trading/metals/precious/silver_quotes_globex.html
people have been complaining about this for as long as i can remember. nothing will be done about it. nothing. just accept it
ReplyDeleteIs this the de-coupling of paper from physical?
ReplyDeleteAnd; would that be a sign of the Comex much talked about default?
I'm not complaining, just asking. Is 147,000 within norm, or way outside? What's the average/peak? BTW, it just jumped to 152,000. What would be a "wait a second, WTF is going on?" number?
ReplyDeleteThe price is 41 as opposed to 20 only a year ago. I can take that.
ReplyDeleteXAU to Gold ratio plunged again today, new annual lows. Wonder when this thing bottoms out?
ReplyDeletehttp://stockcharts.com/h-sc/ui?s=$XAU:$GOLD&p=D&yr=1&mn=0&dy=0&id=p73016528066
i always judge the price by what junk silver sells for on ebay. you can buy junk silver at the "buy it now" price of $45.50.
ReplyDeletethat is the real spot to me.
First time poster long time lurker Dan, great blog. I for one enjoy the consolidation The run up was quick and stealthy. Everyone calm down have a drink or 2 and buy the dips. I am seeing some Wal-Mart style prices in some of the better known stocks so load up. If we linger around $40 for a period that works just fine for me, I was buying physical @ $12, so $40 is just fine.
ReplyDeleteThanks for all you do Dan
I decided to sell my SLV. I took a nice profit. If it falls lower, I might buy back in. Owning silver is like riding a wild animal. I feel more comfortable having my money in gold, but the profit is lower. Sigh... tradeoffs.
ReplyDelete