A sharp reversal in commodities over the last hour has brought the entire sector into the red....


A sharp reversal in commodities over the last hour has brought the entire sector into the red. Gold (GLD -0.6%) - looking like it was set to challenge $1,500/oz. an hour ago - is back to $1,452/oz. Silver (SLV -2.3%). WTI crude (USO -1.2%) falls to $92.46. Copper (JJC -1.9%) dives back to $3.18/lb.
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Comments (13)
  • HAPPIESTHIHOSILVER
    , contributor
    Comments (254) | Send Message
     
    volume massive again, over 125k contracts between may and july silver. tuesday is first notice day, be long monday night when globex closes
    26 Apr 2013, 12:10 PM Reply Like
  • John Wilson
    , contributor
    Comments (2024) | Send Message
     
    Happiest-
    Do you have an idea on actual contracts that will stand for delivery, and how that will affect next Monday?
    26 Apr 2013, 01:55 PM Reply Like
  • tsajames
    , contributor
    Comments (38) | Send Message
     
    Thanks for the priceless advice.
    29 Apr 2013, 02:23 AM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Bernanke shorting commodities to tame inflation so he can keep QE going forever
    26 Apr 2013, 12:41 PM Reply Like
  • rzinno
    , contributor
    Comments (110) | Send Message
     
    What happened?
    26 Apr 2013, 12:47 PM Reply Like
  • wmateri
    , contributor
    Comments (579) | Send Message
     
    Just like last time, the demand for physical gold is about to skyrocket again. Good time to start picking up some cheap mining stocks.
    26 Apr 2013, 06:35 PM Reply Like
  • stopthe
    , contributor
    Comments (233) | Send Message
     
    I'm not sure how hourly price swings can be of interest, except to day traders.
    26 Apr 2013, 07:51 PM Reply Like
  • tsajames
    , contributor
    Comments (38) | Send Message
     
    Volume spiked like crazy. Here they go with heavy purchasing. Just wait for a made-up headline that's related to precious metals. Now is a great time to buy.
    26 Apr 2013, 08:51 PM Reply Like
  • filipo
    , contributor
    Comments (4652) | Send Message
     
    tsajames,
    JPM has sold out its gold. But HSBC and Moccatta still have full firing power. I expect them to give it a shot one of these days/weeks.
    Only when these institutions will be out of firing power (will have sold their ETF-gold holdings), will I expect a higher gold price.
    27 Apr 2013, 05:51 AM Reply Like
  • tsajames
    , contributor
    Comments (38) | Send Message
     
    Thanks for the info as well as the advice.
    29 Apr 2013, 02:21 AM Reply Like
  • jimaican
    , contributor
    Comments (2) | Send Message
     
    I am a virgin in metal terms. A lot of conflicting info out there!
    Do I jump in to physical gold and silver now on long term?
    Is silver better option than gold?
    28 Apr 2013, 08:29 AM Reply Like
  • tsajames
    , contributor
    Comments (38) | Send Message
     
    Please buy both silver and gold for the long term. Most importantly, research your questions extensively. You will understand why these precious metals are so important to own. Just because I recommend silver and gold personally, it is important for you to find out why it would be in your best interest as well.
    29 Apr 2013, 02:20 AM Reply Like
  • jimaican
    , contributor
    Comments (2) | Send Message
     
    Thanks for sound advice, namesake.
    I have read and discussed a lot.
    Gold I think is the anchor long term.
    Silver (which is relatively cheaper at moment) is not priced according to future industrial demand and scarcity, may be the sails which soar.
    How and where do I buy physical gold and silver at best price.
    How do I execute a sale when ready?
    3 May 2013, 03:57 AM Reply Like
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