SILVER decision time

gold main apr future lc opened and recovered 3% but no such movement in goldm march fut. arbitrage opporunity?

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GoldM all contracts out of LC for now…

Petals is still in LC. Petals is 999 Gold instead of 995… so usually trades at a premium.

Naked?

goldm march still now lc. dont know why

Always. Cash secured.

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silver main also opened

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goldm 3 contracts bought at 139333 at lc, sold at 140800. 45k profit in minutes

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now waiting for silverm or silvermic to opened. silver main opened and 4000+ points

Back to LC though…

No import duty hike :cry:

Official rate today post budget.

MCX Gold/Silver trading near or below physical price with zero or negative premium.

swift recovery in gold. all variants, gold main, goldm, gold petal, goldten open lcs

Still trading below physical ibjarates though.

but surprised to see no lc extension in all the silver contracts

Back to LC. I think brokers are selling at any rate due to margin calls.

Liar :angry:

Don’t know if this is in jest.

We can never depend on any external view, even from good sources, for your own trading. We need to already have a tested plan imo. So you should already know when to exit before you enter.

Doesnt help you now, and circuits might have made execution tough too. I have no idea what silver will do. Pretty volatile and selling on small rallies for now. Hopefully you will get buying near previous lows, but not happening so far.

Hopefully you did not put too much money in this. Good luck.

I didnt say which Monday :sweat_smile:
Still holding Long?

@SpacemanSpiff Na, its in jest (hopefully) :slight_smile:

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Exited just now. Had to sell holdings to cover the loss😵. Even my holdings are mostly silver and gold. Maybe it’ll revert because I exited😔

It was too much if you consider the full value of the contract. My margin when entering was very less. But I lost more than the margin.

I didn’t say I depended on it though. It was indeed my fault for overleveraging. Just said that it’s a lie from a liar😞 Then again, if it goes back to $90 today(because I exited), he might not be a liar.

For me its best (less stressful) to enter as per Algo, although I see the Sensibull pnl topper is a major Silver/Gold player who trades discretionarily :slight_smile: