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+--- Thread: Sometimes speculators get burned (/showthread.php?tid=116668)
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Sometimes speculators get burned - freeradical - 05-08-2011
OUCH
Re: Sometimes speculators get burned - rankandfile - 05-09-2011
That can hurt, especially if you're long futures.
It isn't anywhere as bad as the silver crash of 1980 when silver dropped from 50 to 21. That crash took the Hunt brothers down.
Re: Sometimes speculators get burned - hal - 05-09-2011
just because the chart is heading down, it doesn't mean that speculators are losing money....
Re: Sometimes speculators get burned - AllGold - 05-09-2011
rankandfile wrote:
That can hurt, especially if you're long futures.
It isn't anywhere as bad as the silver crash of 1980 when silver dropped from 50 to 21. That crash took the Hunt brothers down.
Wasn't it because of the Hunt brothers that silver was that high in the first place?
Re: Sometimes speculators get burned - Fritz - 05-09-2011
I did fine on the drop myself and I hope to continue.
One must hedge in both directions.
It's a fsckin game.
Re: Sometimes speculators get burned - Acer - 05-09-2011
It's not a loss until you sell. But the wait for recovery can be a long one.
Re: Sometimes speculators get burned - freeradical - 05-09-2011
Acer wrote:
It's not a loss until you sell. But the wait for recovery can be a long one.
False
Positions on futures are settled on a daily basis.
Re: Sometimes speculators get burned - Acer - 05-09-2011
freeradical wrote:
[quote=Acer]
It's not a loss until you sell. But the wait for recovery can be a long one.
False
Positions on futures are settled on a daily basis.
Ah. Nevermind, then.
Re: Sometimes speculators get burned - GGD - 05-09-2011
Copper is the new silver (according to some guy on ebay)
http://www.businessinsider.com/the-ultimate-proof-that-silver-and-gold-mania-has-gone-insane-2011-5
Re: Sometimes speculators get burned - Mac1337 - 05-09-2011
Acer wrote:
[quote=freeradical]
[quote=Acer]
It's not a loss until you sell. But the wait for recovery can be a long one.
False
Positions on futures are settled on a daily basis.
Ah. Nevermind, then.
Never mind? What if I believed you and used it in an argument?