Tarecq, I wouldn't take much notice that PMs are mainly paper traded, even at 100:1 to physical. The players know it's mainly paper and act accordingly. When I trade ETOs I ususlly have no intention of exercising and often couldn't afford to anyway. I can play big volumes with relatively little cash.
Having said that I noticed this in the current Kitcometals site:
http://watch.bnn.ca/#clip757705
Entitled: Fed Not Likely To Do New Large-Scale QE - Bearish for Metals" - CPM Group's Jeffrey Christian - by BNN , Sep 11 2012 4:03PM
I know little of Christian and his CPM group, but I suppose he has the same agendum as Nadler on Kitco. Bearish on Gold/Silver. I presume the reason is to keep trading in Gold/Silver active. Enough bulls on Kitco. If everyone thought gold was going to $2,000 then 3 then 4 everyone would hold and Kitco and CPM wouldn't make as much money as they would if trades are churned over.
kg
- Forums
- ASX - By Stock
- SILVER
- raid!! cartel smashes silver back under $35
raid!! cartel smashes silver back under $35, page-16
-
- There are more pages in this discussion • 23 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SILVER (COMEX) to my watchlist
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online