Someone bought far out of the money calls,they are very cheep. Those options don't need to hit the strick price to make money. They go up in value when the price rises.
How far out? A year or ten years. I think the price will bounce upwards within the next year, but once it hits it's high I think it will flatline for a while.
I actually thought gold and silver would rise when the market was crashing due to the war in Iran. I "assumed" that real, valuable commodities would be worth more due to everything else being worth less.
The dollar is being short squeezed. Oil is traded in dollars. All the countries buying oil need dollars to pay for it. Everything gets caught up in a market crash because everybody is selling assets for liquidity. Metals aren't done falling yet. Stay out of paper. I think there's going to be a bigger pull back still. I haven't bought physical in years but if gold drops to $4k and silver $60 I'm in. Miners are also a play and probably will have a better RIO than physical. Still, I'd hold a bit longer until the market makes it's mind up. I'm 90% in treasury bonds right now. SICADFU. Sit in cash and don't F up.
Have girls started liking jewellery made out of bitcoin numbers yet?
They are "avant garde Romantic", those Ladies.
I don't know what that means.
a·vant-garde /ˌäˌvänˈɡärd/ noun noun: avant-garde
adjective adjective: avant-garde
Thanks. Isn't it French not Russian though?
Oui C'est Francais.
Ah. Strange the definition used Russia as an example. This is why foreigners say our language is confusing.
The expression has been around forever. What Decade were you born in?
Mining stocks are an option if you don't want to buy gold itself.
NAK?? Got any love for that mine in Bristol Bay, Alaska?
Someone bought far out of the money calls,they are very cheep. Those options don't need to hit the strick price to make money. They go up in value when the price rises.
How far out? A year or ten years. I think the price will bounce upwards within the next year, but once it hits it's high I think it will flatline for a while.
They bought calls for December. The more time you buy the more they cost.
Hold..... HOLD.... HOLD!!
I actually thought gold and silver would rise when the market was crashing due to the war in Iran. I "assumed" that real, valuable commodities would be worth more due to everything else being worth less.
They both FELL. What did I miss?
You missed the fact that commodities that are traded in paper and real metal do not align to commodities just traded in reality
The dollar is being short squeezed. Oil is traded in dollars. All the countries buying oil need dollars to pay for it. Everything gets caught up in a market crash because everybody is selling assets for liquidity. Metals aren't done falling yet. Stay out of paper. I think there's going to be a bigger pull back still. I haven't bought physical in years but if gold drops to $4k and silver $60 I'm in. Miners are also a play and probably will have a better RIO than physical. Still, I'd hold a bit longer until the market makes it's mind up. I'm 90% in treasury bonds right now. SICADFU. Sit in cash and don't F up.
The smart money knows that this war is controlled
My 615 silver friends are hoping to skirt tail
pslv is down to around 22 a share. Opportunity?
I would start doller coast averaging in, it's very hard to pick the bottom.