Trading the swings?

[Glass]

Is anyone trading these swings in gold. $80 moves in a day can't be all bad. The thing I miss about the old sites is the active trading threads.

If you are, how are you doing it?

[mamboni]

Is anyone trading these swings in gold. $80 moves in a day can't be all bad. The thing I miss about the old sites is the active trading threads.

If you are, how are you doing it?

I moved $50K into PHYS and $20K into GDXJ at the open this AM, and added to my current holdings. I just accumulate on the big corrections and never sell gold, silver or the miners. I haven't bought physical in over a year.

[chad]

I moved $50K into PHYS and $20K into GDXJ at the open this AM, and added to my current holdings. I just accumulate on the big corrections and never sell gold, silver or the miners. I haven't bought physical in over a year.

mamboni? you know.........when tshtf and you people who mess the trading will only say that you should have listened to chad's wisdom and bought real instead. by the way, never heard of phys....sounds like a girl i dated in rio one time hahahahahahaah.

[TheNocturnalEgyptian]

I don't have the balls to trade the swings - even buying the dips these days is getting stressful.

[Awoke]

mamboni? you know.........when tshtf and you people who mess the trading will only say that you should have listened to chad's wisdom and bought real instead. by the way, never heard of phys....sounds like a girl i dated in rio one time hahahahahahaah.

Weird... If I didn't see your avatar and name beside that post, I would swear it was Ponce.

[chad]

Weird... If I didn't see your avatar and name beside that post, I would swear it was Ponce.

:) i once won a contest in college by impersonating andy rooney.

[Ponce]

I can only wonder if Celente and the Dr have been having a telephone conference call to call each other chicken...you do it, no you do it first, no I'll do it if you do it...............and then they will blame each other for the lost money.

[Awoke]

hahaha, Chad...

:D

[TheNocturnalEgyptian]

Arbitrage is still a great, and honest, way to realize profits from PM's. You buy silver when the ratio is low, and you trade it into gold when the ratio swings high. Then when it swings low you transfer back into silver. Then when it swings high you transfer back into gold.

If you use a brokerage house (instead of a coin dealer) you can oftentimes do this without huge fees. You are eschewing inflation, acquiring PMs, and you realize profits in ounces. Plus, the ratio matters more than the price. Saul Mine had some great posts about it here, but to those who know, arbitrage is nothing new.

[mamboni]

mamboni? you know.........when tshtf and you people who mess the trading will only say that you should have listened to chad's wisdom and bought real instead. by the way, never heard of phys....sounds like a girl i dated in rio one time hahahahahahaah.

I agree - I'm already fully vested in physical - a lot. I have a corporate Keough and I manage it because I have no other option but to do so. I cannot cash out and take a 50% haircut becuase my partner might not agree. Personally, and this sounds insane, but I have some expectation that the government will sieze private accounts such as mine long before I am able to disperse them. Nevertheless, I have paper wealth and I stick strictly to gold, silver and related stocks and cash and wait to see what will happen. On paper, I am worth seven figures; but I do not count on this at all. I count on what I possess physically - and to paraphrase Auric Goldfinger - that is considerable!

[chad]

I agree - I'm already fully vested in physical - a lot. I have a corporate Keough and I manage it because I have no other option but to do so. I cannot cash out and take a 50% haircut becuase my partner might not agree. Personally, and this sounds insane, but I have some expectation that the government will sieze private accounts such as mine long before I am able to disperse them. Nevertheless, I have paper wealth and I stick strictly to gold, silver and related stocks and cash and wait to see what will happen. On paper, I am worth seven figures; but I do not count on this at all. I count on what I possess physically - and to paraphrase Auric Goldfinger - that is considerable!

yeah, i used to be like you, but i lost my balls around 2008 or so and got rid of all of it. bought au with the whole shebang. then liquidated the au and put the downpayment on my farm in 2010. if silver hits $100, will sell about 1/5 of the ag and pay the farm off. ride it out and give the rest to my kids. that's the plan, anyway. good to know some people still have the verve to play it.

[Sparky]

I trade swings with paper. Bought SLW and XRA on yesterday's plunge. I think yesterday was a good entry point, but would welcome a further drop to $1600/$30 to further increase my paper positions. I do not touch GLD or SLV, since no paper is a substitute for physical.

I have a core physical position, none of which will be sold in the forseeable future, if ever.

Paper is made for trading. The transaction costs are far less, it's more timely, and it's easier to execute. If paper blows up some day, so be it. That's what my physical is for.

[mamboni]

yeah, i used to be like you, but i lost my balls around 2008 or so and got rid of all of it. bought au with the whole shebang. then liquidated the au and put the downpayment on my farm in 2010. if silver hits $100, will sell about 1/5 of the ag and pay the farm off. ride it out and give the rest to my kids. that's the plan, anyway. good to know some people still have the verve to play it.

Regarding silver going to $100: from your lips to G-d's ears!

[Neuro]

Arbitrage is still a great, and honest, way to realize profits from PM's. You buy silver when the ratio is low, and you trade it into gold when the ratio swings high. Then when it swings low you transfer back into silver. Then when it swings high you transfer back into gold.

If you use a brokerage house (instead of a coin dealer) you can oftentimes do this without huge fees. You are eschewing inflation, acquiring PMs, and you realize profits in ounces. Plus, the ratio matters more than the price. Saul Mine had some great posts about it here, but to those who know, arbitrage is nothing new.
Thats what I have been doing. Sold silver for gold at an average of gs-ratio of 35 in April, plus some for $46 an ounce, bought back silver at gs-ratio of 54, and USD at $28 a couple of months ago. I'll trade some more gold into silver if the ratio goes up towards 60. Right now I have about 60% in Silver and 40% in gold. I'll take that up to 80-20 if g/s goes to 60...

One of the good things about living in Istanbul is the small premiums of buying and selling PM's, usually around 2%...

[Sparky]

...
One of the good things about living in Istanbul is the small premiums of buying and selling PM's, usually around 2%...

For a paper trade equivalent to one ounce of gold, the transaction cost is about 0.6%, and it decreases linearly with purchase size. A five ounce equivalent gets you down to about 0.1% per transaction.

[Neuro]

For a paper trade equivalent to one ounce of gold, the transaction cost is about 0.6%, and it decreases linearly with purchase size. A five ounce equivalent gets you down to about 0.1% per transaction.

Yes paper is fine. Unless there is a default.

[Ponce]

Regarding silver going to $100: from your lips to G-d's ears!

I am listening my son, and I will make it so.......but, make that to God Jr intead, ok?

Now then..............as you know I don't know a danm thing about finaces but I capable of thinking without the aid of the coat and ties, one thing that you must take under consideration in the fact that most paper gold and silver mines are overseas and that they have a tendency to be taken over their government before the US takes over the paper work.......If I were to invest in paper I would do it from the US and Canada and no further than that.

[Spectrism]

Silver may go to $200... but not before it goes to $24. Gold and silver are about to hit a nice "little" dip. The bastards have been monkeying with the markets and messed all the timing up. I would have expected this to have happened over a year ago.... with a market crash.

[Sparky]

Have you thought about how many silver bugs are waiting for $100 before they consider selling?

So what do you suppose that will do to the price if/when it hits $100? If it makes it to $100, it could easily retreat to $50 in a matter of days. I'm just pointing this out so that you won't be shocked if it happens.