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Silver Ends Week With Best Run In 3 Years
Silver closes at a 4-month high as the grey metal closes green for the sixth week-in-a-row. This is the longest winning streak since the highs reached in April 2011 as safe-haven buying and CCFD unwinds are squeezing the shorts and dragging Silver +10% year-to-date (just behind gold).
Silver is +15% from the early June Qingdao China ponzi fraud discovery...
Chart: Bloomberg
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Damn it! i wish i would have bought MORE!
Are the Silver Bears returning soon?
Silver: Aaaaaaannnd its NOT gone!
>>Damn it! i wish i would have bought MORE!
Why? You can dig it out of your backyard for less than $5 Bernankio bucks.
/s
It's July. Silver manipulators are all out at the Hamptons for the month.
BBC: "Women, know your limits" (thoughts on the gold standard from a woman's perspective):
https://www.youtube.com/watch?v=LS37SNYjg8w
Two and a half minute Friday humour.... hey, I found it funny anyway!
http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx
Palladium YTD up 19.9% in London/NY and still fetching a 15% premium for physical in Shanghai ($1,003 /oz)
http://en.shmet.com/
palladium....
the crack heads out here in los angeles have been stealing catalytic converters from parked cars. more specifically- honda elements(element lol)
Kitco link above jammed.
Try tihs:
http://www.kitco.com/charts/techcharts_palladium.html
or this:
http://quotes.ino.com/charting/index.html?s=FOREX_XPDUSDO&t=f&a=2&w=1&v=dmax
What makes silver so interesting to watch is its inevitable rise to the 15-to-1 ratio with gold. It will eventually come.
>> Silver Bears
They bring those fucking bears back predicting another moon shot and I'm out.
I'm guessing you're an 'early is wrong' kinda guy.
Having said that... if I'd sold somewhere above $30 and bought back at somewhere around $20, my stack woud be looking a great deal stackier.
The price action in the miners has been very interesting this week especially, and over the past month. The normal takedowns have not stuck and the prices have re-bounded rather than continued downward.
Yesterday saw the 2PM takedown as the whole group of miners dropped sharply on new news, yet re-bounded today.
In summary, just the usual suspects trying to lure money in to rape them in the end. Easy to trade short term, you just have to book profits quickly and don't get greedy.
agreed. I cashed out on a Quick 100% on options
Still have7 left.
agreed. I cashed out on a Quick 100% on options
Still have7 left.
>> i wish i would have bought MORE!
It's all a matter of perspective. I wish I'd bought a whole bunch less.
Perspective indeed. TWTR and cash brings real happiness in 2018.
Don't worry! When* it hits $50 again you'll be laughing!
*assuming you're still alive and haven't had to sell your stack to buy food
>> assuming you're still alive
That is the big question mark.
>> haven't had to sell your stack to buy food
It doesn't appear I'll ever have to sell my "stack" for anything. But, certainly, I'd rather reap the rewards of a shrewd decision during a part of my life where I can enjoy it. Having deep pockets in a nursing home or delighted heirs isn't high on my agenda.
AFA food goes, I'm buried in food. I'm having to severely curtail my gardening/canning as I've got years of supply. My fruit orchard had it's first productive harvest this year so I'm expecting an increasing harvest for the next several years. Food, at least for now, isn't an issue.
I wish I had bought a shitload of CYNK at 20 cents, sold at 20 bucks and stuck it into metals.
In a perfect world.........
HI-HO SILVER AWAY!!!!!!!!!!!
Liar, liar, pants on fire.
Damn it I wish I could have bought more !!
Grey Metal? I"m used to the idea that a Silver Owner gets no respect, like Rodney Dangerfield; but couldn't we at least call it Silver colored? The name just seems to fit, somehow.
Those damn retard options !
30, 40, 50, ...
not a bad friday zh pals. lets hope fukeshima doesnt melt our faces off
That should be rather good for solar power.
Time to sell my wife's teeth. Now, where did I put the pliers?
Silver and gold are seriously underpriced compared to the massively overpriced stocks and houses. Even oil is a tad underpriced right now.
It's a no brainer.
Son of Loki is correct about Gold and Silver being Underpriced.. keep the faith.. only time will tell who will be standing when the smoke clears.
What else of value in this world can you buy that is selling at less than 1/2 it's 1981 price?
I bought silver at $4,5,7&9. People I know said I was a nut. I like many, wish I had bought more. However I am happy I did.
Same here...way back in the 70s and 80s. I was an idjit to ever pause my buying.
Congrats guys, now it is only down 30%+ in 2 years.
Keep up the wisdom.
Loosen your bra, you won't be so mad.
Your perspective is short sighted, in my opinion. Where do you have your wealth stored? Stocks? Bonds? Seriously.
There is too much fraud and counterparty risk out there. Me, I want the insurance that I will have something vs. nothing.
5 year silver price up 69.81%
10 year silver price up 230.33%
http://silverprice.org/silver-price-history.html
Kidz these days? smh... LOL
exactly...
gee, whats the number on the dollar over the last 10 years...?
or 20?
or how bout since 1913???
-98%..
keep up the brilliant analysis Opie...
You will look even more foolish when it goes to $10.
Buy low, SELL high. SELL.
And the 5yr return looks to be close to 5%, not that I care for that worthless metal
Do tell us what you DO care for, PLEASE! I know I'd be absolutely FASCINATED to learn more!
The silence is deafening...
Here at Zerohegde we don't argue with women, we simply say "Yes Mam". This way we keep the few around who ever come around. So what was that about silver..."Yes Mam".
If Silver sells for $10/oz. then Ford Pick-up trucks will sell for $11,000; with some nice options. All these values are connected.
Why are you even posting here, troll? Go back to CNBC and promote your stawks.
you're a riot, MsCreant. I enjoy your posts. Loosen your Bra; yeah, might allow more blood to blow to the brain; which might or might not do any good. As Mark Twain famously remarked, I'm no longer worried about the return on my money, I'm worried about the return of my money. It's entirely a matter of time. If your time line to to need those savings, is five years or more, then Silver wins hands down. The devaluation of the currenciy has been going on for a hundred years, no rational person with any information at all available to them can imagine any scenario in which this will not continue; and indeed; every indication we have is that this process will accellerate. Gold is only for people who didn't do their homework, or are embarrased at the prospect of making more real return in buying power. Gold attracts the attention of Govts. and Central Banks, while Silver prices move in the same direction for the same reasons, but through a greater percentage; without the unfavorable attention.
Thanks for the kind words and wisdom on silver, I will BTFD.
Huh? I bought gold in December at $1200 and you're an idiot for not doing the same.
"Congrats guys, now it is only down 30%+ in 2 years."
I've been buying since the late 70's. It would have to go way, way down for me to break even. And many I know are in the same boat.
yes, it's an ignorant comment, from someone who doesn't understand the subject.
Remember us and our wisdom when you're scrambling to find anything to store what's left of your paper wealth.
PMs are wealth insurance . You sure don't complain when premiums fall.
Do you tell your friends how stupid they are, since their car insurance fell 30%?
Get some perspective fuck nutz!
not much to say that hasnt been said many times b4 by yours truly...
the day is almost at hand when real money in spite of the relentless war waged against the '2" will once again out SHINE worthless debt based slave currency...
especially the wretched debt coupon dollar...
the MoneyChangers know it...
and so must you...
as for the masses - "i pity the fools..."
keep stackin...
DEATH TO THE MONEYCHANGERS...
ya nice. just wait till that cock sucker jeff christian takes over in august.
This little stack of mine, I'm gonna let it shine.
This little stack of mine, I'm gonna let it shine.
This little stack of mine, I'm gonna let it shine.
Let it shine, let it shine, let it shine...
I like the term used in a gold article I read today. She said gold was hammering out a bottom. So, it seems, is silver
Hammering out a bottom. What a fitting term for the price action.
We might have one more dip going into August but then the rest of the year should turn favorable
Whaddaya mean "grey metal"? Sheesh.
+10, you beat me to it!
Keep Stackin'
Keep Packin'
I believe it's known as the white metal. cover up a silver round with a piece of toilet paper and you'll see what I mean.
Hey! It is a Silver metal, not a "gray" metal!
Bit-Chez!
Plata, Perras!
ya plata! i picked up 18 libertads today at $22.90/ea.
Silver is SOOOOO underpriced, by at least an order of magnitude, that I view the current price rise as nothing more than noise. Fiat money issuance and corresponding wealth transfer is out of control, and the Tyler's are getting excited about a blip in a virtually flatline chart? I'll start getting interested AND alarmed when it breaks out past $40, because that will signal the beginning of the end of life as we know it. There will NOT be another significant silver (or gold) rally this side of normal.
I don't know about an order of magnitude, at least at this time; but $45 is a lot closer to a realistic price than 21$.
Both gold and silver have excellent charts at the moment and are advancing off of triple bottoms. No one knows if this is a breakout, but it is beginning to smell like one. It's probably a good time to buy silver, because if this is a breakout we may never see these low prices again.
I still think we could see much lower silver and gold prices. The key word is here is could. With the degree of manipulation we are seeing, anything is possible. I would not be shocked to see $16 or $17 dollar silver, but at the same time that is about as low as it can go in my opinion - without some type of economic miracle.
Buying at $21 with a downside risk of perhaps 25% is pretty good, when the upside potential is more than 1000%. And the downside risk is in the near term, and it will only be paper losses that won't last very long - if it even happens.
So, what is the best way to buy silver? By far the best way is to buy Franklin Half Dollars. Today you can get them for low premiums and once they are gone (no longer available on the Internet) you will be able to sell them for 50%+ premiums. When silver is at $100, you will be able to sell them for $150 for the silver content. The premiums will explode once they are all gone. And trust me, if we have a move to $100 silver, these coins will not last long.
I personally prefer to get them at Apmex.com because they have a big inventory and have good service. But shop around for the best prices if you want.
www.goldsilverdata.com
Yes, I down voted you because of APMEX. You must enjoy paying significant premiums for your silver.
Silver/Gold ratio is 63 to 1, well above the historic 16 to 1. My math says silver should be around $83 an oz at current gold prices.
That chart, of silver, looks like shit.
Not if you are looking to buy some.
We just made a 50% cash offer on a small condo in PR....if that doesn't go through I just might be backing the truck up one more time....
The only problem with silver....shit gets heavy....