Probably gonna regret not picking the Dax but whatever.
It might sound like blasphemy but...
GoldMoney will swap those tokens for shiny yellow bricks.
Good luck to you JAL.
Edit - yeah I think crypto is going to get ugly with large finance participating.
As for me, more short on Silver at $17.06.
Long 3600 Euro Stoxx Dec Puts!
(Just had to innit.)
Should say, Nikkei/Nasdaq options aren't available for me, otherwise...
Oil is definitely on my radar too, but I prefer trading that outright.
(To be continued...?)
Sold half the short at Ag= $16.81. Too busy to think about it so will take the 25 cent and put it in my pocket.
To ride both sides of this wave:
I am super impressed by both those trades. Well done!
Thanks Weasel. I was thinking that had to be worth an attaboy.
Just before close today I exited remaining short and went 1 tranche long at Ag = 16.84.
The tea leaves were really hard to read after the move today and it’s hard not to let that success interfere with judgement.
Might have been a little soon but I think one more pop up before the big whammy when you can get your $16 Silver.
So that's work done, enjoy your weekends guys!
Went longer at the open but have set a sell point around $17.08 for half of my hold as I’m in meetings most of the day. Hope to get a chance to re-evaluate around 1:15
Edit, bloody heck while I was typing this it popped to $17.15. Argh half sold. Will ride a bit
Goodbye long. Short from $17.21
It’s all too fast. Stepping back and looking at history the highest probability is that Silver goes UP 20, 50 maybe even 80 cents from here. So the question is whether history repeats or we get something new. I’ll be keeping a close eye on the short and ready to ditch it if it gets in to trouble. As usual this is not trading advice, do your own due diligence and past history may not indicate future performance!
Took a wee profit from yesterday’s short. Going with history now, so one tranche long at Ag $17.01. Let’s see if history repeats!
Added a little more long at Ag = $16.95
After another rinse and repeat in there, increased long today at Ag = $16.83, can go one more tranche if it sinks further.
(Nigel is on the case!)
Gold got trashed, shock horror... Lame!
Anyhoo sitting pretty with my eurostoxx puts, considered halving the position at 100% a fair few times... hopefully will revisit the idea at 300. (Wishful thinking?)
My financial position sadly prohibited the 5400 WTI Jan Puts I wanted...
(Ditto reopening the positions bailed on last week.)
Happy Weekend All!!!
Thought, in the spirit of the forum, I should add...
I only started shorting because shiny's rigged.
Watched too many stock market crashes only to watch bugs (myself included) getting conveniently stomped rather than seeing gold trade inverse...
So I started shorting stocks.
Admittedly this may have begun as shorting euros instead of silver but that relationship has mysteriously broken down...
(Yeah... euros started going up, go figure.)
Haha JAL. Yes it's rigged. In order to profit best you must switch from long to short back to long and not marry your position!
Shiny"s relationship to everything breaks down eventually. Then it starts a new one.
The manipulation never stops, though.