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View Full Version : Today (physical?) silver spot seems to be following the ETF price.



silverheartbone
7th December 2010, 11:37
Trailing by a significant time lag.

How can that be?

valerb
7th December 2010, 11:45
Trailing by a significant time lag.

How can that be?

The charts look pretty close to me in time.

silverheartbone
7th December 2010, 16:00
The charts look pretty close to me in time.
Yeah right.

This SLV selling is probably real as many in the know actually want to get out of paper silver and into the real thing.
Why the price of physical has to follow, beats the hell out of me, but it's a good thing for the buyers!

I got to the coin shop during the first 50 drop during lunch, and took that small lick as I made my first ever silver sale back to the dealer. Missed $30 silver but I have to pay those property taxes.

Now getting back home after a quick stop (to pick up a tool for my Craigslist encounters (http://www.officedepot.com/a/products/548754/Dri-Mark-Dual-Test-Counterfeit-Detection/;jsessionid=0000VB2GRfuX3RfToI2i_JOd1Xc:13ddq0t8b? cm_mmc=Mercent-_-Jellyfish-_-Pens_Pencils_and_Markers-_-548754)), I see it could have been much worse. Yikes.

Still it felt really nice selling $1000 (February 2010) worth of silver for $1800 cash.

silverheartbone
8th December 2010, 09:57
Tighter lag today, but still the SLV ETF moves are leading KITCO spot (http://www.kitco.com/images/live/nysilver.gif) by at least a minute.

http://www.marketwatch.com/investing/fund/SLV
http://finance.yahoo.com/q/ecn?s=SLV

Matthew Shelley
8th December 2010, 10:08
Tighter lag today, but still the SLV ETF moves are leading KITCO spot (http://www.kitco.com/images/live/nysilver.gif) by at least a minute.
http://www.marketwatch.com/investing/fund/SLV
http://finance.yahoo.com/q/ecn?s=SLV

I would recommend watching some realtime exchange quotes such as London, New York, or Hong Kong if you want to see the lead of the Silver market. That's where the arbitrageurs react in milliseconds to any market changes.

Matthew C. Shelley
Commodity Broker

As always: Trading in futures and options is very high risk investing. You can lose all or more of the money you invest. Only risk capital should be used.

silverheartbone
8th December 2010, 10:33
I would recommend watching some realtime exchange quotes such as London, New York, or Hong Kong if you want to see the lead of the Silver market. That's where the arbitrageurs react in milliseconds to any market changes.

arbitrageurs ?

Is that even legal?

Matthew Shelley
8th December 2010, 11:01
arbitrageurs ?
Is that even legal?

I am surprised that I would need to detail how the market works to a senior member. Yes, arbitrage is not only legal, but it is vital in providing liquidity to the market. I am sure you would hate to see a one or two dollar bid/offer spread(or worse) in the secondary markets you deal with.

Matthew C. Shelley
Commodity Broker

As always: Trading in futures and options is very high risk investing. You can lose all or more of the money you invest. Only risk capital should be used.

silverheartbone
9th December 2010, 10:22
When things like this start happening regularly, the scheme must be close to a breakup.

valerb
9th December 2010, 11:43
When things like this start happening regularly, the scheme must be close to a breakup.

I don't see the problem. Traders on SLV should be following or anticipating what is happening on the COMEX. SLV is supposed to reflect the difference in value between the two products.

Are you suggesting that they are both being manipulated or something? I can see SLV live streaming live and it's jumping up and down like a jack rabbit. Of course they do not show these individual movements as it would be one hell of a long chart daily.

Just As Kitco only plots the price movement at certain intervals, so does SLV.

I own SLV shares, but I never watch the movement as it really doesn't interest me. I do watch the Kitco spot price as that is where the real action is at in my world and I would assume the vast majority of our forum members as well.

Watching the SLV trades live and the Kitco spot on my task bar, are two different worlds.

I'm not doubting your theory, I just don't understand what your getting at.

silverheartbone
10th December 2010, 10:26
I don't see the problem.
It's still happening today.


Traders on SLV should be following or anticipating what is happening on the COMEX.
And....??????


SLV is supposed to reflect the difference in value between the two products.
True.
But your implication about traders is wrong. Traders should not have much effect on the price if it were actually a reflection of physical. However you and I both grok it's the other way around. Now to prove the deceit is a bit more complicated.


Are you suggesting that they are both being manipulated or something?
Well duuuhh.


I can see SLV live streaming live and it's jumping up and down like a jack rabbit. Of course they do not show these individual movements as it would be one hell of a long chart daily.Of course they show them. If they don't show them then how could we see them?


Just As Kitco only plots the price movement at certain intervals, so does SLV.
OK, how does that apply here?


I own SLV shares, but I never watch the movement as it really doesn't interest me.
Ahh!!! To be like you and have too much money.


I do watch the Kitco spot price as that is where the real action is at in my world and I would assume the vast majority of our forum members as well.
Watching the SLV trades live and the Kitco spot on my task bar, are two different worlds.
The Nile is in Egypt.


I'm not doubting your theory, I just don't understand what your getting at.
Then just don't worry about it. http://forums.silverseek.com/images/smilies/icon_smile.gif
After all, you really aren't interested about the movement of some 700 shares of SLV. http://forums.silverseek.com/images/smilies/icon_razz.gif

silverheartbone
14th December 2010, 12:12
The ETF price moves are at least two minutes ahead of the physical 'spot' moves as reported by "kitco".