The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
 | | 
04-04-2013, 06:33 AM
|
#201 | | RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003 Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
|
been out for a week or so but just cause I wanted to use the money elsewhere but dam it's been a bad couple of days
| 
|  | |
04-04-2013, 08:17 AM
|
#202 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
|
it's only bad if you're long lol.
you can play both directions don't forget 
don't be stuck in a bull mentality, it's a bad habit.
| |
| | |
04-12-2013, 11:12 AM
|
#203 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
|
TIMBERRRRRRRRRRRRRRRRRRRRRRRRRRRRR
minoru u short???
i fuckin am NOT.
but for sure, when they pull back im shorting them hard. both broke the weekly lines i drew a few posts up.
gold blew right through today. futures down 66 bux right now. silver down 1.442
man ..fuck. i coulda made my annual salary today if i were paying fucking attention.
instead i was squabbling with sp500 and crude. hahaha
im telling ya... 1100 gold and 21 silver.
edit: closed -88.8 down lol
Last edited by Ulic Qel-Droma; 04-12-2013 at 10:12 PM.
| |
| | |
04-13-2013, 06:50 PM
|
#204 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
dude... GLD weekly puts 12,000% gainer on Friday. Nuts.
| |
| | |
04-14-2013, 08:12 AM
|
#205 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
| Quote:
Originally Posted by strykn  dude... GLD weekly puts 12,000% gainer on Friday. Nuts. | that's a lotta new millionaires lol
| |
| | |
04-14-2013, 06:14 PM
|
#206 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
^.. all metal futures getting fucking CREAMED right now holy
| |
| | |
04-14-2013, 06:19 PM
|
#207 | | NEWBIE ACCOUNT!
Join Date: Apr 2011 Location: .
Posts: 15
Thanked 5 Times in 1 Post
Failed 0 Times in 0 Posts
|
1400 gold may not hold.
| |
| | |
04-14-2013, 11:02 PM
|
#208 | | WOAH! i think Vtec just kicked in!
Join Date: Mar 2013 Location: Y
Posts: 1,604
Thanked 1,399 Times in 396 Posts
Failed 147 Times in 59 Posts
| | |
| | |
04-14-2013, 11:08 PM
|
#209 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
Posts: 5,850
Thanked 3,511 Times in 1,156 Posts
Failed 212 Times in 81 Posts
|
BUY ALL THE SILVER NAO!
__________________ Quote: | [03-07, 03:26] Yodamaster - The feeling when you quickly insert without hitting the sides | | |
| | |
04-15-2013, 01:04 AM
|
#210 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
|
jesus, gold is down over -90 and silver over -2.7 and the day hasn't even started yet.
| |
| | |
04-15-2013, 07:53 AM
|
#211 | | RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003 Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
|
How do I delete my post where it sounds like I'm bullish silver? Obvious typo I meant sell all the silver now 
Ulic, nope I wasn't short. I had no position. Luckily i don't have a lot of money, cause I would have lost it. Ouch!
| |
| | |
04-15-2013, 08:07 AM
|
#212 | | RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003 Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
| | |
| | |
04-15-2013, 10:27 AM
|
#213 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
the margin calls on metals tanking market .. it is beautiful
| |
| | |
04-15-2013, 10:39 AM
|
#214 | | 14 dolla balla aint got nothing on me!
Join Date: Nov 2008 Location: Hong Kong
Posts: 613
Thanked 38 Times in 25 Posts
Failed 3 Times in 3 Posts
|
i am very glad i studied options these last few months... profited substantially more these last few trading days than i would have just buying the equities themselves lol
| |
| | |
04-15-2013, 02:41 PM
|
#215 | | RS has made me the bitter person i am today!
Join Date: Dec 2002 Location: YVR/TPE
Posts: 4,749
Thanked 2,838 Times in 1,218 Posts
Failed 616 Times in 193 Posts
|
Holy crap the drop in precious metals today.
My friend advised me about a potential drop a month ago... should have listened. 
__________________
Nothing for now
| |
| | |
04-15-2013, 04:21 PM
|
#216 | | RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003 Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
|
I have never seen gold trade like this before the pit opens
Ulic I'm thinking this is a massive deflation sign on the way so im just looking for something else that has dropped as heavy like NG or the grains. gonna play this like the mortgage crisis when each day I just looked for a bank that hadnt dropped yet
| |
| | |
04-15-2013, 10:41 PM
|
#217 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
|
so much for a pull back. grrr
| |
| | |
04-16-2013, 04:18 AM
|
#218 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
|
actually here comes the start of the pull back, those without enough balls can go long... but be super defensive.
| |
| | |
04-17-2013, 10:52 PM
|
#219 | | RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003 Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
|
Pretty good bet to go short again? It's not enthusiastically bouncing
| |
| | |
04-18-2013, 01:33 AM
|
#220 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
|
it is bouncing now.
patience... always try to let it play out.
can't ignore the tail on the green 2 days ago. fuck, it didn't pull back enough to hit my price and it's going up now.
lots of rumors and conspiracies that the metal fall was caused by someone selling 400-500 tons of gold that day. the conspiracy theorists say it's the fed. others... well whatever, it happened. it happened in feb 2012 too. and before that. someone's doing it every so often periodically. perhaps buying it all back over the next few days. I mean if u had a billion dollars to play around, and u knew if u sold 500 tons of gold it would kill all the stops and start a panic short sell.
then u buy it all back slowly over the next few days, and it recovers, you just made a crap load of money.
anyway i am sure it will pull back on the daily chart (at least a bit more, if not all the way back to the averages). after it does that then we can assess if it's going to go down again.
that's what i read now, it could be totally diff in a few days depending on the charts. we'll see.
Last edited by Ulic Qel-Droma; 04-18-2013 at 01:38 AM.
| |
| | |
05-19-2013, 02:21 PM
|
#221 | | I *heart* Revscene.net very Muchie
Join Date: Dec 2007 Location: vancouver
Posts: 3,556
Thanked 4,012 Times in 988 Posts
Failed 210 Times in 55 Posts
|
8% haircut on SLV during Asian session.. holy fuck?
| |
| | |
05-30-2013, 01:53 PM
|
#222 | | Even when im right, revscene.net is still right!
Join Date: Oct 2007
Posts: 1,337
Thanked 554 Times in 193 Posts
Failed 146 Times in 41 Posts
|
-----
Last edited by AAnthony; 11-13-2014 at 10:36 AM.
| |
| | |
06-20-2013, 12:55 AM
|
#223 | | RS.net, where our google ads make absolutely no sense!
Join Date: Oct 2003 Location: VAncouver
Posts: 993
Thanked 864 Times in 179 Posts
Failed 98 Times in 44 Posts
| Quote:
Originally Posted by AAnthony Wow, silver took a shit, i'll be buying some tomorrow
edit. After further research I realized I'm interested in trading Silver futures as opposed to buying physical silver. I want to be able to follow the markets and trade instantaneously from my phone or a computer. Physical silver costs more too; Silver futures closed today at $22.90 Maples coins are $26.99 /oz, and 100 oz bars are roughly $25 oz. Plus there's a huge variance between the buy and sell price at VBE, Border Gold, First Majestic and I plan to buy and sell often. I have experience in trading stocks, but that was on a TD Warehouse account and they took far too high of a commission. Told me they would lower it if it put $100,000 in the account, fuck that! Setting one up now with Questrade
Posted via RS Mobile | No silver futures with Questrade tho. Interactive does and is even cheaper than Quest. the banks and their "discount" brokerages are a rip off even with their best rates.
Silver just dipped below $20
| |
| | |
06-20-2013, 12:34 PM
|
#224 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
|
golds going to 1000 man.
silver is going 9-12 bux.
feel sorry for all the ppl that keep buying lol
| |
| | |
06-20-2013, 12:36 PM
|
#225 | | I keep RS good
Join Date: May 2001 Location: Cosmos
Posts: 28,700
Thanked 5,567 Times in 1,511 Posts
Failed 853 Times in 284 Posts
| Quote:
Originally Posted by AAnthony Wow, silver took a shit, i'll be buying some tomorrow
edit. After further research I realized I'm interested in trading Silver futures as opposed to buying physical silver. I want to be able to follow the markets and trade instantaneously from my phone or a computer. Physical silver costs more too; Silver futures closed today at $22.90 Maples coins are $26.99 /oz, and 100 oz bars are roughly $25 oz. Plus there's a huge variance between the buy and sell price at VBE, Border Gold, First Majestic and I plan to buy and sell often. I have experience in trading stocks, but that was on a TD Warehouse account and they took far too high of a commission. Told me they would lower it if it put $100,000 in the account, fuck that! Setting one up now with Questrade
Posted via RS Mobile | you better learn how the margins work for futures dude.
yes it is "cheaper" but its leveraged. you cant just buy and hold.
if it goes lower you're gonna get margin calls and shit. you will lose more than ever put in if u just buy and hold. unless u don't leverage it and put in like full amount calculated so you can hold the waves. don't forget about delivery months too. the contracts expire.
for example
silver margin is around 12500 dollars per contract.
you buy 1 silver contract at... say 19.50. say you buy one many months out so u can hold.
the maintenance margin is 6000 dollars. so of that 12.5k, your money cannot drop below 6k or else you have to "refill" it to 12.5k.
if silver drops to 18.50, you lost 5grand. every dollar silver drops you lose 5 grand.
how many dollars can you afford? if silver drops $1.20, you'll be on margin call and you'll have to refill your account 6grand.
i say silver is gonna go down another 8-10 dollars. thats a 45,000 dollar loss if you entered today. can you handle that?
or like i said, u can "unleverage" it and calculate... put in like 60grand or 70grand or whatever it is for 1 contract and u can ride it up and down and with hold all the swings.
Last edited by Ulic Qel-Droma; 06-20-2013 at 12:47 PM.
| |
| | | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 12:21 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
