Home › Forums › Financial Markets/Economics › Why the jump in metal prices today?
- This topic has 11 replies, 5 voices, and was last updated 8 years, 11 months ago by
Jazzman.
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June 19, 2014 at 10:06 AM #21138June 19, 2014 at 10:16 AM #775417
scaredyclassic
Participantthere is no reason for anything that happens day to day, week to week or year to year. Sometimes, after several centuries, purposes can be dimly seen.
June 19, 2014 at 10:20 AM #775418SK in CV
ParticipantObama is going to speak on Iraq momentarily explains the now $11 jump in the last 45 minutes. The $20 before that, I got nothing.
June 19, 2014 at 10:50 AM #775420HLS
ParticipantMy guess would be that it’s because you sold yesterday 🙂
June 19, 2014 at 11:03 AM #775422Participant[quote=SK in CV]Obama is going to speak on Iraq momentarily explains the now $11 jump in the last 45 minutes. The $20 before that, I got nothing.[/quote]
no. why is oil up .5 v 3% for gold.
there is not a reason for anything that happens.
June 19, 2014 at 11:05 AM #775423
CoronitaParticipant[quote=HLS]My guess would be that it’s because you sold yesterday :-)[/quote]
Just shut up… 🙂
(No i didn’t, but I did sell some valero….Ok, so you have a point)……But still. shut up… 🙂
June 19, 2014 at 11:20 AM #775424Participant😉
Flu,
Do you trade options ?It’s a great way to generate income and when done correctly and even if you’re wrong you can still often make money.
I know that you aren’t greedy with your trades.
Embrace options,,don’t fear them!June 19, 2014 at 11:24 AM #775425Participant[quote=scaredyclassic]
no. why is oil up .5 v 3% for gold.
there is not a reason for anything that happens.[/quote]
Not for those 2. Correlation is almost non-existent. Silver is the weirder one. Up 5% and not that far from it’s 180 day high. Gold isn’t anywhere near that. And I just sold some junk silver last week.
June 19, 2014 at 11:25 AM #775426CoronitaParticipant[quote=HLS];-)
Flu,
Do you trade options ?It’s a great way to generate income and when done correctly and even if you’re wrong you can still often make money.
I know that you aren’t greedy with your trades.
Embrace options,,don’t fear them![/quote]I’ve never gotten options to work…. I’ve paid my “tuition” to learn options aren’t for me….
I use to to write covered calls on stuff that I think was “stable” and wouldn’t move. The moment I write covered calls, the stock goes through the roof…
The only type of options I would consider is buying puts to offset whatever in the money stock options I have that haven’t vested. But currently, I don’t have that problem….
June 19, 2014 at 11:43 AM #775427ParticipantWas that such a bad lesson ?
Sounds like you made money (but upset because you could have made more ??)If every covered call position spikes up, kudos to you.. You will never go broke taking profits regardless of what you could have made had you held the position longer.
You can always buy a CC back and sell the same strike further out and squeeze a little bit more.
The key with options is to not be greedy and worry about anything other than staying profitable!many other strategies too…
June 20, 2014 at 7:39 AM #775498CoronitaParticipantUp again today…
Weird is so is energy and some dividend companis that Phillip Morris…June 21, 2014 at 11:37 AM #775552Jazzman
Participant[quote=HLS]My guess would be that it’s because you sold yesterday :-)[/quote]
Hehe! -
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