In the silver market, Commerzbank thinks it's time to see movement befitting an industrial metal...


In the silver market, Commerzbank thinks it's time to see movement befitting an industrial metal and less like the currency metal it has traded in recent weeks. The equivalent of 3,700 tons of silver was sold in the futures market during the past five weeks, or ~40% of 2011's total investment demand; "in the past, we often saw marked counter-movements after such pronounced developments." (earlier)
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Comments (10)
  • HAPPIESTHIHOSILVER
    , contributor
    Comments (245) | Send Message
     
    all i know is bags at nwt mint are almost 3.00 over spot, creating an arbitrage trade for me. sell bags, take delivery from comex. the longer silver remains under 30.00 an ounce the more tonnage that goes into strong hands not to be sold for some time. tax is 28%, so price appreciation mandatory, likely a double from here before selling is considered.
    21 Mar 2013, 03:58 PM Reply Like
  • Denny_Chasteen
    , contributor
    Comments (688) | Send Message
     
    Add your state tax and you are talking a 35% tax. That is robbery!!!!
    21 Mar 2013, 04:18 PM Reply Like
  • kerstner
    , contributor
    Comments (3) | Send Message
     
    Silver is going up... go long or get some long gamma with options:

     

    Buy to open 1 SLV May13 28.0 Call (O:SLV3E188.0) for $0.85
    Buy to open 1 SLV May13 28.0 Put (O:SLV3Q188.0) for $1.00
    21 Mar 2013, 05:38 PM Reply Like
  • bbob68
    , contributor
    Comments (123) | Send Message
     
    if bullish why bother with the put.
    21 Mar 2013, 10:38 PM Reply Like
  • Denny_Chasteen
    , contributor
    Comments (688) | Send Message
     
    I agree with bbob68 100% and half with kerstner. Spending $1 against the least probable downfall below $27 to even be "in the money." Not worth $1. Most probable is silver remains range bound and sir kerstner loses his entire $1.85. I am okay with the .85 call. RIsk to reward seems good.
    25 Mar 2013, 10:00 AM Reply Like
  • Denny_Chasteen
    , contributor
    Comments (688) | Send Message
     
    Kerstner looks like a genius now. Congratulations!!
    25 Apr 2013, 03:58 PM Reply Like
  • writeinfosetup
    , contributor
    Comments (9) | Send Message
     
    Let them sell, I'm buying...Hopefully the global economy tanks before winter, so Commerzbank employees don't have to freeze standing in the bread lines.
    21 Mar 2013, 10:26 PM Reply Like
  • boblacy
    , contributor
    Comment (1) | Send Message
     
    Sail on Silver Girl
    21 Mar 2013, 10:26 PM Reply Like
  • 8101741
    , contributor
    Comments (5) | Send Message
     
    Buy in lots of physical bullion under $10K from out of state dealers. You'll pay 10-15% over spot, but if you sell via ebay you'll get it back and more. Tax =$0.
    21 Mar 2013, 10:28 PM Reply Like
  • flatturf
    , contributor
    Comments (4) | Send Message
     
    I'm 74 years old and learned how to invest when I retired 16 years ago. I bought gold & silver starting in 1998 & done very well on it rather than having that money in savings & bonds. I also paid more attention to my 401k investments & also learned how to buy/sell relative to technical aspects that my broker taught me. AND, I ONLY BUY THINGS THAT I CAN PAY CASH FOR - NOT MORE CHARGING & DEBT.

     

    Reading & lessoning to comments like these in "Seeking Alpha" are ways to learn.
    24 Mar 2013, 10:24 PM Reply Like
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