Anyone Bold Enough to Short GLD or SLV?

FISMA · 31-07-2011 07:25PM #1

Is there anyone bold enough to try and short the GLD or SLV in the very short term?

One would think that when there's a debt limit in the States, the stock market will break the recent week's down trend and recover whereas the GLD and SLV will slide.

That's the theory. I don't know if I'll put it in practice.

I don't like shorting. I think if I am correct and get the pullback expected, I'll get back into SLV.

Anyone out there playing the metals? "Paper" metals or physical.

mono627 · 31-07-2011 09:51PM

Depends on what your definition of "very short term" is. On an intra-day basis any asset can (and more than likely should) be shorted at some stage.

FISMA · 01-08-2011 02:31AM

mono627 wrote: »

Depends on what your definition of "very short term" is. On an intra-day basis any asset can (and more than likely should) be shorted at some stage.

mono627,
I wasn't sure how to put short term, given the world of micro trading and all.

I was thinking for a day or two, maybe even intraday.

Basically, a play that the longer a debt deal takes to reach -> the more stocks slip -> the more precious metals go up.

I figure once the debt deal is reached, money will flow back to stocks, and out of the GLD and SLV, at least initially.

Just wondering if anyone is willing to make that move?

It seems so logical, so obvious, what could possibly go wrong!:D

Look like this author is on to the same logic.
http://etfdailynews.com/2011/08/01/how-the-debt-ceiling-debacle-will-spark-a-short-term-drop-in-gold-prices-gld-gdx-iau-dzz-gll/

TiGeR KiNgS · 01-08-2011 07:04PM

FISMA wrote: »

mono627,
I wasn't sure how to put short term, given the world of micro trading and all.

I was thinking for a day or two, maybe even intraday.

Basically, a play that the longer a debt deal takes to reach -> the more stocks slip -> the more precious metals go up.

I figure once the debt deal is reached, money will flow back to stocks, and out of the GLD and SLV, at least initially.

Just wondering if anyone is willing to make that move?

It seems so logical, so obvious, what could possibly go wrong!:D

Look like this author is on to the same logic.
http://etfdailynews.com/2011/08/01/how-the-debt-ceiling-debacle-will-spark-a-short-term-drop-in-gold-prices-gld-gdx-iau-dzz-gll/

the following day

andrew · 02-08-2011 09:09PM

Moved to investments & Markets

gizmo555 · 02-08-2011 09:46PM

Hmmm . . .

Obama signed the debt deal into law today and what happens? The S&P is down 2.56% on the day and gold is up 2.56%. What symmetry!

colsku · 02-08-2011 10:25PM

Fisma, plenty of info out there to help you out now.

www.welfare.ie

Gold and Silver blast through the bullsh1t from DC to reach new highs.

FISMA · 03-08-2011 04:31AM

colsku wrote: »

Fisma, plenty of info out there to help you out now.
www.welfare.ie
Gold and Silver blast through the bullsh1t from DC to reach new highs.

Ha, ha!:D

N'ah, I don't short, not these days, not precious metals.

I would have thought that the market had futured in enough downside that a pullback in precious metals was warranted - I'm waiting to buy. SLV should test its high soon.

But short them, nope. At least if you own a stock you can only lose a 100%!

I am waiting to get back into SLV and I am one of those that do believe in $2500 gold.

Have a look at what happened the days after TARP was passed.:mad:

Then have a look at what happened in the months - cliff!:eek:

irishh_bob · 03-08-2011 08:52AM

FISMA wrote: »

Is there anyone bold enough to try and short the GLD or SLV in the very short term?

One would think that when there's a debt limit in the States, the stock market will break the recent week's down trend and recover whereas the GLD and SLV will slide.

That's the theory. I don't know if I'll put it in practice.

I don't like shorting. I think if I am correct and get the pullback expected, I'll get back into SLV.

Anyone out there playing the metals? "Paper" metals or physical.

the stock market didnt tank yesterday due to anything ( much ) to do with the debt ceiling negotiations , it tanked because of horrible news on the american economy ,

LightningBolt · 03-08-2011 11:59PM

Wouldn't short gold myself for the moment. I'm sure there's opportunity in the very short term but I don't like the idea of shorting commodities when equities are falling.

Quick read on the price targets for gold here - basically gold will hit $1950 by the end of the year as a result of increase in debt limit.

irishh_bob · 04-08-2011 08:43AM

LightningBolt wrote: »

Wouldn't short gold myself for the moment. I'm sure there's opportunity in the very short term but I don't like the idea of shorting commodities when equities are falling.

Quick read on the price targets for gold here - basically gold will hit $1950 by the end of the year as a result of increase in debt limit.

gold has been predicted to hit 2000 an ounce since early 2010 , im not saying your wrong but would,nt put the house on it , id place a larger bet on gold reaching 1500 in euro , the euro is seriously overvalued against the dollar

big_show · 04-08-2011 06:56PM

Could of been a nice short on Silver today, dropped $3.50 in 4 hours

irishh_bob · 04-08-2011 07:51PM

big_show wrote: »

Could of been a nice short on Silver today, dropped $3.50 in 4 hours

silver isnt really a storer of wealth to the degree gold is , it depends on industrial use and that is sure to wean if were into another rescession , silver hasnt gone up that much this past two weeks

FISMA · 08-08-2011 09:09PM

I'll have to check to see if the SLV or GLD is heavily shorted.

A lot of volume today, not unexpected on GLD, given the stock market scare.

I would expect some are taking up shorts and others waiting to short.

Then again, with the 80's price adjusted for inflation, physical gold would be at $2400.

I'm still not willing to short.

big_show · 20-08-2011 08:50AM

Massive rally on silver on Friday before closing, I expect some profit taking on Monday which will pull the price back. Any one thinking on shorting?

FISMA · 20-08-2011 10:06PM

big_show wrote: »

Massive rally on silver on Friday before closing, I expect some profit taking on Monday which will pull the price back. Any one thinking on shorting?

Not a chance, but I do see your logic. Those that sold stocks for the weekend will probably want to get back in to something on Monday.

Silver has legs to run. It still has some catching up to do, historically speaking.

I am looking for a re-entry position.

If you are going to short, you better be at screen all day and have your stop losses set.

Good luck.

waken · 15-09-2011 02:51PM

I shorted silver today and made a few euros. Looks like gold and silver are retracing at the moment but for how long ??

waken · 26-09-2011 11:48AM

Perhaps we should now re name this thread "Anyone bold enough to go long on silver"

MrMatisse · 27-09-2011 06:26AM

OR Gold....

Reckon people need cash to cover margin calls, must be big losses on the Swiss franc out there.

pirelli · 27-09-2011 04:59PM

Fisma you would have been loaded had you gone short on silver with something like ZSL. All about timing and unfortunately Chicago controls silver margin so it's guess work.

I discovered a silver mine called silvercorp (SVM) got run down in a massive short attack, I did some research and found the allegations were false .When it appeared SVM had hit the bottom I bought it at $6 in mid september days before silver fell of a cliff as a long hedge against a fall in silver.

To my surprise Silver plummeted 25% along with every other silver miner but i kept my cool and never sold and SVM is already nibbling at 24% profit from where i bought it. I was a little worried with the margin restriction but SVM should be a reliable rock in this turmoil with a great trading range.

If you want to short silver SVM is a good hedge if you can get it in the $6 dollar area.

Watching JKS solar... While solar has been decimated JKS (until earning's with high debt: Under sec investigation) and TSL ( low debt) are on my watch list...

ACH ( aluminium Corp) bought heavily into the rare earths market in China recently, it's (i think) a brilliant play and and not well known play on rare earths. It is incredibly cheap right now. I think if we ever rally again this will give an easy 100% upside. China squeeze on the rare earth market has forced many companies to find alternatives to rare earth's which along with inflated prices makes rare prices unpredictable.

pirelli · 06-10-2011 06:33PM

pirelli wrote: »

Fisma you would have been loaded had you gone short on silver with something like ZSL. All about timing and unfortunately Chicago controls silver margin so it's guess work.

I discovered a silver mine called silvercorp (SVM) got run down in a massive short attack, I did some research and found the allegations were false .When it appeared SVM had hit the bottom I bought it at $6 in mid september days before silver fell of a cliff as a long hedge against a fall in silver.

To my surprise Silver plummeted 25% along with every other silver miner but i kept my cool and never sold and SVM is already nibbling at 24% profit from where i bought it. I was a little worried with the margin restriction but SVM should be a reliable rock in this turmoil with a great trading range.

If you want to short silver SVM is a good hedge if you can get it in the $6 dollar area.

Watching JKS solar... While solar has been decimated JKS (until earning's with high debt: Under sec investigation) and TSL ( low debt) are on my watch list...

ACH ( aluminium Corp) bought heavily into the rare earths market in China recently, it's (i think) a brilliant play and and not well known play on rare earths. It is incredibly cheap right now. I think if we ever rally again this will give an easy 100% upside. China squeeze on the rare earth market has forced many companies to find alternatives to rare earth's which along with inflated prices makes rare prices unpredictable.

SVM has reaped some serious good returns during that silver crash. Earnings review tomorrow and KPMG report ahead so it is high and vulnerable to silver price fluctuations but there might be $9.50 in 7 trading days.

I went long silver today, I watched JKS and TSL for an entry as i said i would and missed JKS due to business meetings so I went with SOL. What a boring day and a half and finally we got lift off today.There was about 60% gains from JKS well worth watching,

Sold my solar today and went long silver and i am actually thinking the Bank of Ireland ADR looks cheap right now 0.95 and is off balance to the irish share price, an easy 12%- 17% , might look at it tomorrow.

China is all about timing.. yes they are wild but you can time them.

Anyone Bold Enough to Short GLD or SLV?

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