July Silver 2397 contracts

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jackmeoff
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July Silver 2397 contracts

Man I dont know what happened but we were looking good just a week ago. I figured we would at least get 5000 contracts but we end up with 2397. Who knows how many will stand for delivery but all in all if we get 1000 contracts to stand we are taking another 5mil out of a very small amount left. Who knows how many options will turn up or mystery contracts will get added during July. Just keep stacking and remember to think long term.

Edited by admin on 11/08/2014 - 06:09
cris
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if the Turd has taught us anything...

It is to recognize and respect patterns.

While I cannot say w certainty w/o charts handy, my recollection of past disappointments re # of contracts left standing is that aperiodofprice decline usually follows.

Anyone want to prove me wrong w data?

Jake
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jackmeoff wrote: Man I dont

jackmeoff wrote:

Man I dont know what happened but we were looking good just a week ago. I figured we would at least get 5000 contracts but we end up with 2397. Who knows how many will stand for delivery but all in all if we get 1000 contracts to stand we are taking another 5mil out of a very small amount left. Who knows how many options will turn up or mystery contracts will get added during July. Just keep stacking and remember to think long term.

I thought it will be pretty close to 1,940,000 standing

divided by 5000 = 388?

From Harvey Yesterday:  http://harveyorgan.blogspot.com/2011/06/greece-passes-first-votetomorrow-is.html

"...the total number of silver oz standing in this month of June is as follows:

1,930,000 (served)  +  10,000 oz (to be served)  =   1,940,000 oz.
exactly where we left off yesterday.
I will inform you if this is the final tally."
 

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jackmeoff
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@Jake

For June we were done I thought. I am referring to July's contracts.

Jake
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jackmeoff wrote: For June we

jackmeoff wrote:

For June we were done I thought. I am referring to July's contracts.

Sorry I stand Corrected!

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