It simply means the float (in ounces) is greater in silver.

Close to today's numbers in, but as he is referring to Comex they actually have 10:1 silver to gold available in the warehouse as of yesterday. The dollar amount available in the warehouse is more than 3:1 gold to silver.

Very few sovereigns hold silver, many hold mass amounts of gold a big reason why the float is so low for gold.

To be honest at many points in time more than 100% of the world's silver has been offered at the spot price through derivatives.

Freegold is not a "gold as money system."

The rarity of gold when considering the float as we just did in this thread, do you get it?

Currently available at today's price, 0.03ozs of gold for everyone, with a total of 3/4oz for everyone in the world to participate in the freegold system. Less than a gram per person actually available.

Hunt brothers are finally in the money!!!

holy swings!

Every time I refresh the page on kitco its swinging $1 each way (like every 30 seconds). From the top around 49.5 I refresh and see 48. A minute later I refresh and see over 49 again. 2 minutes later under 47.9

48.76 now.... this is insane

I know right... just making up your mind silver. people must have options or something to sell at $49 or whatever.

49.22 now, silver is risen again, allelujia!

Does this scare the **** out of anyone else? (the price of course and not the Easter joke)

The dollar is getting absolutely shellacked and there's been no demonstrable technical resistance to falling further.

scared as ****.

I don't want to be holding any dollars when they become old maids, but in my line of work (homebuilder) I sign contracts that take about ~9 months to complete then get a lump sums throughout the process. Who knows where we'll be in 9 months.

I am not really prepared for this. Remember reading an article about $ 35 silver a few month ago.

Still holding on I guess. Not in the mood to really buy. But I think it would be the right move.

I think the price parity gold/silver does not really show yet. Gold is yet to break loose.

sigh, i've been waiting a week for money to show up in one of my accounts to add additional silver to my ira. its gone from 42 to 48-49 in that time...

i'm probably going to resort to purchasing gold temporarily to see if there's a silver dip. i have no doubts silver is going to the moon, but there's something about purchasing when its at such a relative high-point that is scurry (...of course, gold is at that pt too, its just far less volatile).

looks like straddle time again.

meaning?

Boom! Locked in 50oz of physical Ag < $46oz this morning (not including premiums ldo)
Got me some of those neat Grizzly bear Canadians, some Libertards and some 10oz bars. Can't wait to rub on titties.
BTFD!!!

btw, if you want to follow a great blog for trading Au, Ag, and oil go here:
http://tfmetalsreport.blogspot.com/2....html#comments

Buying both long and short options (calls and puts) around a price. It is a play designed to benefit from high volatility but when you aren't sure of the direction.

silver fell 8% off the highs, yowsa, this is a crazy market right now.

I'm just starting to learn options. So far it makes my head hurt although I know it's really not that complicated. Opened an account and am just gonna start with long calls until I can grasp other plays. Having ok results with futures but they are ****ing crazy and can induce tilting akin to poker. (Mostly trading silver)

Luckily a good friend of mine who's a tad smarter than me is just starting too so hopefully together we can figure it out. Imo if you're really bullish on something you might as well learn to use leverage to profit off it.

Still buying physical and not planning on selling though!

I don't think we hit those highs in US markets? Still ~6.5%. Retracing now though. Crazy indeed.

I was talking about the May futures. High on overnight session was 49.82, and low was 45.645 on Monday. Getting beaten down today, currently at 45.20. That high will probably hold for some time (weeks, months, probably).

Put in an order for October $50 puts. I wanted something similar to shorting, since my purpose is to hedge against my portfolio losing value. Not really trying to profit off of swings.

If silver bobbles around for a while in the 40s, I'll probably eventually sell the options to save some of the premium.

I posted this in the dollar fish thread and probably should have asked it here instead:
Any of you considering swapping some of your silver for gold considering silvers huge gains recently?

I remember i use to regularly read(need to catch up) franklin sanders newsletter and he had been advocating for many years occasionally (once or maybe twice a year)taking advantage of silvers more profound swings by using its bigger dips as an opportunity to swap gold for silver, and it's surges (relative to gold) as an opportunity to swap silver for gold. If done properly it kind of works as a way to grow interest on your total PM holdings.

So as silver outperforms gold, the overall trend for both is up and this is what we are assuredly betting on. If only to reduce volatility, then sure, but unless you expect silver to underperform gold going forward, this is not a good idea. The reason why I am heavy silver now compared to gold is outperformance, why would I swap the beast for the puppy. There is typically a cost with "swapping" your holdings. I am curious how you think this may be a way to grow interest on your PM holdings?

I was just saying if you expected silver to have a larger pullback relative to gold before it continues its overall upward movements.

I've never actually done it, but from the theory, silver is more volatile both up and down. So if you are in gold and silver takes a big swing down relative to gold, the opportunity to move/swap some of your gold into silver might allow you to increase the total amount of gold you own in a few months when silver balances out and regains more of it's typical trading ratio with gold, and vice versa. Of course you need to own enough to mitigate the costs associated with the swap. He had charts on the yearly gold silver ratio and at what ratios it starts becoming cost effective to attempt something like this. Like i said this isn't something you try to play with every week, but he had data showing that over the last 2 decades you could usually come out pretty well doing this once a year or so taking advantage of silvers more volatile nature compared to gold. (i could probably find more details on the ratios from the old newsletters if anyone is interested in the theory).

It acts like interest in that if you are successful; for example you own 100 1oz gold coins, silver pulls back and its trading ratio relative to gold increases. You take those 100 gold coins and sell them and buy 3000oz of silver(or whatever), a month or two later and silver has recovered more relative to gold and the ratio is smaller. You sell the 3000oz of silver but this time get 105 gold coins minus swapping/trading costs, now you have 5 more oz of gold that you didn't previously have by just swapping and taking advantage of the bigger swings in silver. You grew the total amount of PM you own, kind like an interest on them.

Please poast the details.

This is not quite what you're talking about, but fwiw, I'm 100% in physical gold and silver (36% gold 64% silver; used to be 50:50 before silver surge) and want to be close to 100% in gold as the gold silver ratio converges to 16:1, or if you believe Sprott ≤9:1. Not sure how to do it though. If I wait until the blow off phase I don't think anyone will want to trade 1oz gold for ≤16oz silver. Also I will be real bummed if fofoa is right and I'm too heavy in silver.

Thoughts anyone?