Long Position on Silver and Gold?

[ChunkyMonkey]

In the 14 range for silver today wonder how low it will go?

Buy buy buy!

[DFBrews]

Buy buy buy!

Picked up 40 eagles for 700 shipped

[ChunkyMonkey]

Picked up 40 eagles for 700 shipped

Nice!!


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[Great-Kazoo]

Picked up 40 eagles for 700 shipped

Anyone looking to buy on line, or local, i'm interested in splitting a buy with you.

[Not_A_Llama]

Glad that I didn't go LONG on oil yet. Down 6.5%ish today.
Today is the day I gotta make s decision. Iran fail can bring the oil up for a small gain.

How do you interpret contango in the forward months? Pure cost of carry spread, or fundamental mispricing/opportunity in the cash/prompt?

Looks like you're playing ETFs - the trade is pretty easy for me to see on ICE, but have you thought about playing the spread on USO/BNO?

With WTI inventories where they are, plus geopolitical risk out east...

[MrPrena]

How do you interpret contango in the forward months? Pure cost of carry spread, or fundamental mispricing/opportunity in the cash/prompt?

Looks like you're playing ETFs - the trade is pretty easy for me to see on ICE, but have you thought about playing the spread on USO/BNO?

With WTI inventories where they are, plus geopolitical risk out east...

(limited knowledge in comm/energy/ser3)
For Aug'15? I think lower? I don't know how there will be change in demand after last holiday travel season on sept. I don't see any transport/retail picking up either. (if you see, majority of large retailers didn't do good last Q).

At this moment due to faster decrease in price of USO relative to decrease in price in BNO, I am looking at USO. Maybe investors are speculating the price of oil futures at specific dates lower than current spot. I don't see diesel demand shooting really high either by looking at cross elastcity withdiesel, octane and natgas. Natgas futures being so cheap, I don't know how Nov oil futures will play out. My guess is not as good.

I think Shanghai and Hanseng falling 3 consecutive days (except today, indicies are up) and China's possible slowdown (demand side) can be more significant the Greece+Iran. That being said, I think WTI invetory glut (which we are fully aware of) is less uncertainty than how China economy will play out. With that being said, I am more focus into USO than BNO.

[RblDiver]

Apparently, some people think that silver is on par with chocolate.

[HoneyBadger]

Apparently, some people think that silver is on par with chocolate.

I love the guy's reactions. People are so stupid. This reminds me of Jay Leno's "Jaw Walking" series

[sniper7]

Holy crap those people are stupid. You could go buy a couple hundred Hersey bars by selling the silver bar.....

[sellersm]

Not surprised at the results as presented...