Silver in 2011 - Commodities Futures Trading | futures io social day trading
futures io futures trading


Silver in 2011
Updated: Views / Replies:19,152 / 184
Created: by aquarian1 Attachments:69

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 69  
 
Thread Tools Search this Thread
 

Silver in 2011

  #91 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,249 since Dec 2010
Thanks: 1,168 given, 1,761 received
Forum Reputation: Legendary

Trendline broken

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

Keep your mind in the future, in the now.
Reply With Quote
The following user says Thank You to aquarian1 for this post:
 
  #92 (permalink)
Elite Member
Gilford, ON, Canada
 
Futures Experience: Beginner
Platform: NT
Favorite Futures: NQ, ES
 
Posts: 70 since Apr 2011
Thanks: 56 given, 33 received

Silver is silver, is it not?


aquarian1 View Post
Trendline broken

YouTube - Part 6- The Paper Silver Manipulation Game at all time Highs


Reply With Quote
The following 2 users say Thank You to Donald for this post:
 
  #93 (permalink)
Elite Member
Rockland county , New York
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: CL, 6E, SI, ZC
 
whatnext's Avatar
 
Posts: 235 since Mar 2011
Thanks: 340 given, 79 received


I see major support levels at 36-37 and 34-33.50. MA 50 showed support for now. Silver miners like SVM and SLW led physical silver's decline so I'll be looking for their rebound to possibly indicate a reversal.

I agree with Donald that SL and gold are trading together - but just as the movement to the upside was much greater with SL on the way up - it has been on the way down.

I'm not selling the 1 ounce coins or 90% junk. Selling the 100.oz bars has been a nightmare - finally sold at 39.59 - bought in the 9's. Couldn't tear myself away from trading to take the 3 hours to go to where they are stored and even tried bribing them to send for me. Made more shorting futures than I lost in physical but it was a ridiculous and poorly handled situation. Will be putting it back into trading and will stick to 1 ounce max for any future re-buy of physical.

Best returns were from trading pattern breakouts on the 5 min. chart. Was profitable in some "range trading" on the 15 min. chart using Slow Stochastics, 10/20/30 EMA's and BB's - but have a long way to go and will be testing indicators here. I'm very open to suggestions for replacements. Good luck.

Attached Thumbnails
Silver in 2011-sl-5-4-11.png  
Reply With Quote
The following 2 users say Thank You to whatnext for this post:
 
  #94 (permalink)
The fun is in the numbers
Point Roberts, WA, USA
 
Futures Experience: Advanced
Platform: IB and free NT
Broker/Data: IB
Favorite Futures: ES
 
aquarian1's Avatar
 
Posts: 3,249 since Dec 2010
Thanks: 1,168 given, 1,761 received
Forum Reputation: Legendary



I remember - some time ago - reading that COMEX can settle in paper, that is give you a certificate instead of 100,000 bar. (I don't know if this is relevant or not!). I know that the transaction cost for a gold maple leaf difference between what you pay to buy one and get if you sell one is $1,511.00- $1,542.00USD.

Keep your mind in the future, in the now.
Reply With Quote
The following 2 users say Thank You to aquarian1 for this post:
 
  #95 (permalink)
Elite Member
Gilford, ON, Canada
 
Futures Experience: Beginner
Platform: NT
Favorite Futures: NQ, ES
 
Posts: 70 since Apr 2011
Thanks: 56 given, 33 received

Currency War - Gold's $1,500 line in the sand

This is a good picture of the gold battle ground line, a straight line at $1,512.

24 Hour Gold Chart - Last 3 Days

(As i see it), the battle is over gold $1,500, a breakaway to the upside makes $2,000 the next high water mark. The western bnking establish does not want that, as gold's movement reveals the true price of the dollar behind the DXY collection of fiat money (CAD and AUD included). We have entered a dollar crisis zone whereby western fiat is in a showdown over USD's ability to reign. Meanwhile sovereign demand for gold continues; emerging sovereigns are loading up on gold. The market is sagging, we can hear the floor boards creaking. Dangerous times ahead. Gold could be going vertical any day. It certainly isn't going down (down), and you can take that to the bank.


MAY 4, 2011, 7:47 P.M. ET
LONDON (Dow Jones)--Mexico's central bank purchased almost 100 metric tons of gold in February and March, another signal that emerging markets are likely to steadily raise their gold reserve holdings, industry participants say.


Reply With Quote
The following 2 users say Thank You to Donald for this post:
 
  #96 (permalink)
Elite Member
Asia
 
Futures Experience: Beginner
Platform: NinjaTrader, TOS
 
Posts: 798 since Jun 2009
Thanks: 109 given, 786 received

Is it me or is the implied vol on SLV crazy?

Attached Thumbnails
Silver in 2011-tos1.jpg   Silver in 2011-tos2.jpg  
Reply With Quote
The following 2 users say Thank You to MXASJ for this post:
 
  #97 (permalink)
Elite Member
Rockland county , New York
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: CL, 6E, SI, ZC
 
whatnext's Avatar
 
Posts: 235 since Mar 2011
Thanks: 340 given, 79 received

I feel as if we are at a crossroads: Will the dollar hold or give way.

(On the “extreme” side of each)

Those who feel it will hold; point to there being no immediate replacement for the USD in global trade, suggest massive cut backs in social programs (even the ones people paid into) and a plunge in equities.

Those who feel it will give way; expect the fall of the dollar to affect global trade other currencies adversely (particularly those structurally dependent on the USD) and equities (perhaps like social programs) to hold up in nominal terms.

The truth is often somewhere in the middle and all we have is history to guide us to a conclusion. Today seems so far removed from previous historical occurrences.

I think the USD will fall hard based on its underling foundation; akin to Rome. It has already outlasted the life span of nearly all past fiat currencies. Can't say if it will be 2-3 months or years – so meagerly prepare for both.

I need to hear both sides of the story and Harry Dent did an interesting job here – brought to you by that SOB John Thomas. Maybe his charts will prove right and mine wrong.
Diary of a Mad Hedge Fund Trader May 3, 2011 – A Day With Harry S. Dent


Last edited by whatnext; May 5th, 2011 at 01:11 AM. Reason: spelling
Reply With Quote
The following 3 users say Thank You to whatnext for this post:
 
  #98 (permalink)
Elite Member
Gilford, ON, Canada
 
Futures Experience: Beginner
Platform: NT
Favorite Futures: NQ, ES
 
Posts: 70 since Apr 2011
Thanks: 56 given, 33 received

My 2 cents on Harry Dent


whatnext View Post
I feel as if we are at a crossroads: Will the dollar hold or give way.

(On the “extreme” side of each)

Those who feel it will hold; point to there being no immediate replacement for the USD in global trade, suggest massive cut backs in social programs (even the ones people paid into) and a plunge in equities.

Those who feel it will give way; expect the fall of the dollar to affect global trade other currencies adversely (particularly those structurally dependent on the USD) and equities (perhaps like social programs) to hold up in nominal terms.

The truth is often somewhere in the middle and all we have is history to guide us to a conclusion. Today seems so far removed from previous historical occurrences.

I think the USD will fall hard based on its underling foundation; akin to Rome. It has already outlasted the life span of nearly all past fiat currencies. Can't say if it will be 2-3 months or years – so meagerly prepare for both.

I need to hear both sides of the story and Harry Dent did an interesting job here – brought to you by that SOB John Thomas. Maybe his charts will prove right and mine wrong.
Diary of a Mad Hedge Fund Trader May 3, 2011 – A Day With Harry S. Dent

You've focused on the main issue, will the USD survive. Let's call it the 64,000 dollar question. I am hearing and listening to strong arguments on both sides.

Harry Dent, not being familiar with him i watched a handful of his videos just now. He seems to strive to be a forecaster, with emphasis on his past predictions. He's selling something and using his demographic recognition work as the keystone. Back in Feb/11 he was predicting metals to weaken and fall off. Gold had just recovered from sliding at the time. Following that, silver hiked from $30 to $49, a twenty dollar run. He seems to have been wrong a number of times. So the jury's out on Dent. But let's look at what he is saying. Gold is going to $400-$200, slv $4 to $6, because we are entering a period of deflation, then he's quick to point out expect only 10% deflation, maybe 20%. BUT oil is going to peak at $100, then crash to $15 in 2015-16. That the DOW is going to crash to $3,000 / $2,500 (thereabouts). For a cause and effect argument he talks real estate, and supply and demand based on generational demographics.

Some of that is true, but it has to be seen in the context of a greater picture, elements such as international corporatism, the rise and fall of empire, emerging economies, war, etc. What i notice about the blogosphere RE websites is that typically they fail to see a bigger picture. Dent seems to see it, and its relationship as 'the' driver, so let's give credit where due, but his take needs to be tempered against the backdrop of a money printing machine that is determined to print money in order to weaken the dollar with a determinism to (among other things) keep real estate asset values from reaching their free market value. Real estate is not going to recover for at least another 5 to 7 years. It cannot. The physics just are not there. The government (now wall street) and the money printers will resist the physics as long as humanly possible, and in the process, self destruct the dollar.

You know what that means for inflation, and PM's as a result, and why the dollar is imploding.

I am listing to arguments that the US dollar cannot be replaced as the world base currency; that it is too ubiquitous, there are too many dollars in play. Now contrast that with what Harry Dent says (and he is particularly right), that it's not the three trillion in currency supply that matters, it's the 60 odd trillion in debt base capital that is created by the banking sector when they loan.

Now apply that same argument to the global currency base. These arguments counter each other. In other words, if China ran around the world cutting trade deals with all the commodity producing and trade reciprocal countries and the trade deals are constructed with letters of credit nominated in currencies belonging to each other (central currencies backed by gold, where just the notion of it is enough), and where such settlement swap occurred bank-to-bank, because China has a bank in each country, a system of clearing can be used that does not involve USD. This is what they are doing. It's in place now. And it appears that Saudi are breaking away from the oil/USD treaty (US hegemony breaking) , and forging a tie with Pakistan, who in-turn are tight with China. In response, the US is, well, freaking out. This is why we have the OBL story, out of the deep freeze. And at the same time, an unofficial declaration of imminent war with Pakistan.
Hence, i don't think gold is going to $400, nor oil $15.

Dent needs to taken with a grain of salt and the effect of a dire geopolitical landscape full of possible unintended consequences. Like Syria blowing up for example.

Reply With Quote
The following user says Thank You to Donald for this post:
 
  #99 (permalink)
Elite Member
Rockland county , New York
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: CL, 6E, SI, ZC
 
whatnext's Avatar
 
Posts: 235 since Mar 2011
Thanks: 340 given, 79 received

Perfect symmetrical triangle formed (5 min chart), from 11am to 1:15pm, on the very important support level going back to march.

Reply With Quote
 
  #100 (permalink)
Elite Member
Rockland county , New York
 
Futures Experience: Intermediate
Platform: NT 7
Favorite Futures: CL, 6E, SI, ZC
 
whatnext's Avatar
 
Posts: 235 since Mar 2011
Thanks: 340 given, 79 received


Going short big contracts under 35.50 or long over 37.

Big breakout to the upside for the DXY from it's trading range of 73 - 73.50 starting on 4/28. Hasn't reached the upper daily resistance trendline started in mid feb.

The margin rules haven't affected me much yet because I haven't held past trading hours and keep well over 2500 per contract. I might keep today.

I'm too much of a contrarian but it feels like the margin requirements might be helping SL now that so many are short. Maybe just over my head. I wish margin change = easier trading.


Last edited by whatnext; May 5th, 2011 at 04:07 PM. Reason: added info
Reply With Quote

Reply



futures io > > > > Silver in 2011

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Drag Race! 2012 Nissan GT-R vs 2011 Chevy Corvette Z06 vs 2011 Shelby GT500 Big Mike Off-Topic 10 December 25th, 2011 06:10 PM
Silver and the Royal connection PositiveDeviant Jokes 1 May 8th, 2011 03:21 PM
Investing in silver tellytub Commodities Futures Trading 27 April 27th, 2011 04:13 AM
Gold to Silver Ratio martifc Commodities Futures Trading 10 January 25th, 2011 10:15 AM


All times are GMT -4. The time now is 02:53 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.16 seconds with 20 queries on phoenix via your IP 54.92.194.75