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Sometimes speculators get burned
#1
OUCH


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#2
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.
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#3
just because the chart is heading down, it doesn't mean that speculators are losing money....
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#4
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?
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#5
I did fine on the drop myself and I hope to continue.
One must hedge in both directions.
It's a fsckin game.
“Art is how we decorate space.
Music is how we decorate time.”
Jean-Michel Basquiat
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#6
It's not a loss until you sell. But the wait for recovery can be a long one.
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#7
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.
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#8
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.
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#9
Copper is the new silver (according to some guy on ebay)

http://www.businessinsider.com/the-ultim...ane-2011-5
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#10
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?
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