I believe, I heard, today was options expiration? And with silver settling right at 28.99, they wanted it there for a reason. Burn the Calls below $29? Burn the Puts above $29. From what I gather, they look for the biggest chunk of money on the table, and guide the price to the point where the option is worthless.
Anyone know more about their Burning Game? I tried to bring up the CME futures page for silver and look at the money sitting in each trade, but never got the page to build. I have Verizon and my 3G NEVER gets over a 1M download speed. In fact I’m lucky if I get over 375K, mostly around 80K-120K. Piece of Chit Verizon. Slowest in the country.
The issue of ” burning” only really matters in a ” fire sale” You only lose if you HAVE to sell.
Anyone who is playing the Physical game should be a long to medium term timeline. 2-5 year ideally.
Look at the interest rate you would get on your money in the bank..and look at the growth opportunity for silver and gold.
Can’t get burned with physical, so the fiat price changed today…
Mary B I got a note from Wideners, a guns and ammo reloading site. They do sell small pistol primers but are out now. You can put yourself on a notification email basis in order to be notified when they get their supply back. I’ll scout around for primers. On wideners.com the prices were $30 per 1,000 I’ll check with my BOB to see if anyone has these primers.
Yeah I have alert me notices all over, found a dealer in MN 160 mile round trip…. $40/1k so a bit high