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Silver & Crude Are Soaring
While gold remains unchanged, silver prices are surging higher this morning as crude oil jumps supposedly on geopolitical tensions...
but technical resistance looks key...
Silver is breaking above its 100-day moving-average and Crude is pulling
away from its 50-day moving average (after being glued to it for a
month).
Charts: Bloomberg
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I thought we agreed that the words 'Soaring' and 'Plunging' were not to be used any more.
"You keep using that word. I do not think it means what you think it means."
https://youtu.be/G2y8Sx4B2Sk
As shown here ALL assets are expensive compared to what I consider the most important metric, income, except SILVER.
Silver soars? Yawwwwnzzzzzzzzzz
The water level soars, so I plunge, and plunge, and plunge again.
Rinse and repeat until satisfied,,,
;-D
Eight percent in 1.5 sessions is pretty damn impressive, how 'bout that? Now gold is taking off. Something big is going on behind the curtain, boys and girls. Say we get to $23 then they dump a Bazillion paper ounces on the "market" and smash spot back to $10 or $13. Who is going to believe that? No one! We are witnessing the death throes of paper "markets".
I hope you're right.
"I thought we agreed that the words 'Soaring' and 'Plunging' were not to be used any more." -AGAU
Which is why those who prefer a real analysis over propaganda and shilling, use numbers and charts to see what's happening. If you leverage a well-known site (http://www.oanda.com/currency/historical-rates), you will see that the words used in the headline are hyperbole. Again.
"Hey, Dr. Pavlov, why don't you ring that silver bell again?"
Run it to 9 bucks.........I dare ya scumbags
PRINT DEM SILVER.
oh wait, yellen cant freaking print them.
Paper silver is going up... hope the physical catches fire soon...
just paid $2.03 a gallon ...
wake me when silver soars to $50/oz in one day..........otherwise........STFU.
we likely won't know it because the power will be off and you'll be fighting the SNAP zombies for a can of beans.
If there were actual markets, then you could use reasoning to determine the why's,
It just does it because it does it is all you need to know right now.
These are just peaks in a pool where 30 kids are all splashing to make waves.
Peaks and troughs. Waves in a pool.
Go ahead and go broke trying to pattern it.
pods
Completely agree. Gold is closing in on 2 week highs, and Silver has rallied to 3 month highs. Pretty amazing after 4 years of steady declines.
WOW!! SOARING!!!
A bounce in a secular bear...
Sell All Rallies.
who the fuck is buying glencore??
thx japanese pensioners?
lots of stick saves lately. why the delay?
About time silver had a break and started moving to the upside.
The situation developing there is just ridiculous.
Even a blind man and his dog can see it.
There will come a day when the forces that be can no longer manipulate commodities. Is this that day? I don't know, but I haven't seen silver jump like this two consecutive days in a very long time, especially over a weekend.
-Argenta
Wait! An hour ago there was a crude carnage. Not enough news?
It's the "Gartman" effect
I think when you take information from mixed sources there is an inherent amount of conflict that needs to be sorted through.
It pays to pay less attention to what is said than to what is done.
To state the obvious, once again. Price is managed. There is no free market. Explanations are created after the fact to give cover for the manipulation.
I just hope that this doesn't last like three or four days, fizzles out, and then MaGuire says "See, I told you there'd be a short squeeze in Q4!"
S.A.R. - SELL ALL RALLIES
Don't be sucked back into the casino on good days... only to be killed a day or two later.
S.A.R. - SELL ALL RALLIES
Sell all rallies and what? What the hell are you doing in the stock market anyway? And what will you buy? Dollars?
You should have moved your wealth into silver and gold long ago, for you will wake up one morning and it will be impossible for you to find any, unless you sell your house for gold, and sell your car for silver.
Silver is everywhere and according to FOFOA- it will one day be worth 5 cents an oz. So that's what I'm gonna do, When it gets to 5 cents an ounce brother I am backing the truck up. Getting ready to short miners in 3....2....1
FOFOA is a wind bag and a plagiarist.
The funderrrmentals could be back in play (if indeed the omnipotent central bank meme is dying), definitely worth a punt early on.
Silver is worth like $5 out of the ground, has no industrial uses, and isn't considered money anymoar since Bernanke rewrote the dictionary.
;)
They wish that was the case.
Ron Paul should of rammed that 1oz silver coin down Bernake's throat when he had the chance lol.
Actually, silver has a lot of industrial uses. About 50% of annual production of silver is used industrially, compared to 12% of annual gold production.
There is a steady need for industrial silver particularly in electronics.
Another reason for price support for silver is the reduced copper mining this year because of the collapse of copper prices. Mines are reducing output to the most profitable areas of their mines, and at least one major copper mine has shut down. Why am I talking copper? Because 80% of all silver comes as a byproduct of copper, tin, lead and zinc mining.
"50% of annual production of silver is used industrially"
Like oil and other commodities, as the world economy continues to crash so will the iPhone demand and watch silver become unloved by industry. I'm a stacker and I want the price to go up but reality has a tendency to suck.
The use of silver in industry is increasing in more products (components such as touch screens and solar panels). So even if demand for fancy electronic products is down a little, more silver is still being used overall becasue it's being used in more products.
As for your oil example, you mistake PRICE for SUPPLY/DEMAND. The actual amount of oil being used is INCREASING, not decreasing. Only the price is decreasing.
As society falls apart and all utilities fail, we will use the water purification aspects of silver to keep from getting sick.
Just like to the Roman times....
Reality is that silver sucks as as a means of water disinfection (not used for "purification"). It's fine for storage of already treated, clean/pure water, but not for even slightly contaminated water, despite what all the proponents say. Sure some products promote it, but its more of a marketing gimmick than actually being effective.
That said, the way that silver WITH copper is used in water disinfection is through ACTIVE generation of silver and copper ions using electrolysis. Simply dipping silver and copper coins into water does practically nothing.
Thank you for giving me knowledge I did not have. I knew it was mo bettar for storage but not to the level that you just informed me. THX
Well, fuck me running. Soul Glow - you suck.
Can't spell, can't use big words, can't use rational arguments, can't end a post without some dunb assed fakey doo emoticon.
Million Dollar Bonus was a giant amongst trolls at least.
You sir, aren't even the sum total of what ran down his mommie's leg when he was conceived.
Go back to troll school until you get a fucking diploma, a masters, and a PHD in trolling.
Fucking wannabe.
Just got an email from a supplier I use notifying me that they put 5-oz generic rounds on sale for *only* $1.25 per oz over spot. That's almost a 10% premium "on sale".
Tuesday 8-10AM dump scheduled for ...
The more I think about this ecomic collapse the more I think it will be very inconvenient. I am getting too old to play MadMax. *note to self - buy 3/4" steel plate and welding rods.
Make sure that 3/4" plate is AR500 and not mild steel ;)
50 cal goes through 1/2" to 3/4" mild steel plate and 50 cal AP will reliably penetrate 1-1/4"