tag:blogger.com,1999:blog-1708908742323002823.post4125322207039675035..comments2024-02-10T02:18:27.240-08:00Comments on Trader Dan's Market Views: Silver dropping sharply in the low volume aftermarketTrader Danhttp://www.blogger.com/profile/05484363461047659198noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-1708908742323002823.post-90439868017260546652011-02-24T17:51:52.859-08:002011-02-24T17:51:52.859-08:00tradingeh - Trader Dan does not do the Twitter thi...tradingeh - Trader Dan does not do the Twitter thing. I have a lot of birds around here that do that pretty well and decided after serious thought that they were doing very well without me joining in to help!Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-67136144312249437292011-02-24T17:50:43.158-08:002011-02-24T17:50:43.158-08:00Turd - see how diplomatic I can be when necessary!...Turd - see how diplomatic I can be when necessary! That is why you need me on the ticket when you run for President.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-16718619012669819652011-02-24T17:49:48.037-08:002011-02-24T17:49:48.037-08:00Ajit - the low volume trading hours I am referring...Ajit - the low volume trading hours I am referring to are what some of us called "kangaroo trade". The reason is because it is late in the day in New York and the pit session is already closed. That leaves the electronic trade only going without a lot of participation from the bigger players who are done with their heavy lifting for the day. By the time they drift away and go home to eat dinner or what have you, Australia begins getting ready to come on line. There simply is not that much volume being done at that time of day and oftentimes, that is when the games will be played by the usual conscienceless creeps who infest this business.Trader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-14524664611939611382011-02-24T17:47:00.649-08:002011-02-24T17:47:00.649-08:00glen5000 - I am a futures guy and not that familia...glen5000 - I am a futures guy and not that familiar with pooled accounts so perhaps one of the gang can better answer your question than I can.<br /><br />DanTrader Danhttps://www.blogger.com/profile/05484363461047659198noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-63252765789788973232011-02-24T14:10:43.344-08:002011-02-24T14:10:43.344-08:00Great commentary, Dan. I have used your Chart in m...Great commentary, Dan. I have used your Chart in my Blog to explain, was happened today. ThanksDieter Vollmuthhttps://www.blogger.com/profile/11388672505405640947noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-25608460673858641422011-02-24T14:06:44.168-08:002011-02-24T14:06:44.168-08:00great, i am buying the physical, can get in cheape...great, i am buying the physical, can get in cheaper.gjervishttps://www.blogger.com/profile/06649065988162488158noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-71276087650480306282011-02-24T13:40:43.383-08:002011-02-24T13:40:43.383-08:00Hi Dan,
I'm a long time reader of jsmineset a...Hi Dan,<br /><br />I'm a long time reader of jsmineset and I like your new blog.<br /><br />I have a question on Contango and exchange pooled holdings.<br /><br />I get that contango occurs because a futures contract 3 months out needs to capture the storage costs today's physical holdings will incur between now and the 3 months future date.<br /><br />But aren't comdex and LME physical holdings in fractional pooled accounts?<br /><br />If they are storing metal for me, do I pay storage fees on the theoretical amount I hold on paper, or on the percentage of my holdings that are actually in the vault?<br /><br />As I see it, the exchanges can only charge fees based on the actual physical metal in storage. (Is this the case?)<br /><br />And the numbers I've seen imply that they only have about 10% on hand.<br /><br />As such, the backwardation/contango relationship isn't just about immediate physical shortages. You also have to consider how leveraged the exchange is and will be in the futures period in question, no?<br /><br />Let's use an extreme hypothetical example to make the point clear. Assume the exchange is 100% leveraged, and has no physical metal on hand. Thus, no storage fees can be charged, and there is no cost in holding metal in the pool account. In this case the contango will be zero won't it?<br /><br />Could you please share your thoughts? Thanks.Unknownhttps://www.blogger.com/profile/08504248859377428863noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-24030510956390600662011-02-24T13:27:57.840-08:002011-02-24T13:27:57.840-08:00How in God's holy name is this legal?How in God's holy name is this legal?rahbiihttps://www.blogger.com/profile/14551720574318152558noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-55466690706204027662011-02-24T13:22:51.143-08:002011-02-24T13:22:51.143-08:00@killguy--I don't have to have any respect for...@killguy--I don't have to have any respect for those kleptocrats. In fact I loathe them like nothing else on this planet. Line them up and ....marcohttps://www.blogger.com/profile/09380643213231819640noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-87589350217960712452011-02-24T13:19:09.495-08:002011-02-24T13:19:09.495-08:00Stairs going up, the shaft coming downStairs going up, the shaft coming downH8Fiathttps://www.blogger.com/profile/14631421004697890016noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-18003462300887575852011-02-24T13:03:14.294-08:002011-02-24T13:03:14.294-08:00Dan, trying to find you on twitter - loved the ent...Dan, trying to find you on twitter - loved the entry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-13102675050827776462011-02-24T12:53:32.636-08:002011-02-24T12:53:32.636-08:00"some big entity"...nice one, Dan."some big entity"...nice one, Dan.Turd Fergusonhttps://www.blogger.com/profile/03393759110641882003noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-79852875122061056672011-02-24T12:48:16.387-08:002011-02-24T12:48:16.387-08:00nice attack ..... you have to respect the power......nice attack ..... you have to respect the power..... game still on....I guess IF someone is wanting to take delivery of their contracts then they now have a nice discount.....hehehekliguy38https://www.blogger.com/profile/00694442242807509636noreply@blogger.comtag:blogger.com,1999:blog-1708908742323002823.post-66698598570540558052011-02-24T12:47:40.377-08:002011-02-24T12:47:40.377-08:00What hours are considered low volume trading hours...What hours are considered low volume trading hours?dflyhttps://www.blogger.com/profile/05607494332857625962noreply@blogger.com