Silver Surges To Key Technical Level
While Gold has been grabbing the "safe haven" headlines in recent days, this morning it is Silver's turn. Having rallied 2.5%, Silver just broke its 50-day moving average for the first time in 2 months...
Silver touches key technical level...
For the first time in 2 months...
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long dong silver bitchez!
A "Sliver of Hope"....
As long as you got it in your posession, that is...
Speaking of gold...
Donald Trump should promise to open up Fort Knox for inspection as soon as he’s sworn in.
What do they store in there now, chocolate coins and Hershey’s Kisses? ;-)
Looney
TO THE MOON, BITCHEZ!!!
(just for old time's sake)
Later. The monkey with the hammer has just been sighted in the hallway...
To a monkey with a hammer, EVERYTHING looks like the price of (paper) silver.
I like stacking as much as the next guy, but ultimately, Who's gonna buy my stack?
The reason the press doesn't report on COMEX naked shorts is not complex. Most peeps neither know nor care about the silver (or any metal) market. It may seem like everybodys's stacking because we read & post here, but the truth is...nobody else cares.
Press wants to sell papers or get eyeballs. Silver don't get those. Gun control gets those. Bruce Gender gets those. NFL scores gets those.
And if 95% of peeps don't care about AG now, what is going to convince them when the interwebs goes dark or the FRNs collapse?
I honestly don't know. I've brought this up with younglings and all I get is a dull stare. Like an old cow at a new gate.
I seriously wonder how important the AG market really is.
AG is a store of value.
Period.
It is both a long term store, for the grandchildren (and my eldest male grandchild inherits all of mine, and he is beginning to understand 'real' money and store of value concepts') AND
real money if the total shit comes down. A real fucking silver dollar will be an 'exchange of trade' kind of real money, and it can be cut in half, or even - eights, i.e. 'pieces of eight'. I think more valuable for local barter/trade if TSHTF than gold, although gold will be OK too. ;-)
wake me up when silver gets back to 50
zzzzzzzz.........
value is what someone will pay. Period.
seashells and beads were money with a store of value once. Someon wanted them. Now they don't.
My question as to who will value AG, stands. You might be surprised what your grandchildren value. or Dont.
Perhaps in our lifetimes, our robot masters will consider AG as we consider seashells now.
seashells dont have all the properties that have made silver money for thousands of years.
and neither does paper, stocks, bonds, derivatives etc. People will start to remember why gold and silver always were precious.
Thats who will buy your stack
Sounds like a desert island dream to me!
zuuma,
SELL ! SELL ! SELL !
Gold is one of the biggest global commodity markets, so pretty important. They're brothers, always have been.
+100. THAT was funny!
Doesn't mean anything. It means the zombies are worried about equities so they're buying a piece of paper promising them silver that the seller doesn't own. Shut that shit down!
What do they store in there now...
VX nerve gas last I heard.
"Speaking of gold...
Donald Trump should promise to open up Fort Knox for inspection as soon as he’s sworn in.
What do they store in there now, chocolate coins and Hershey’s Kisses? ;-)
Looney"
An IOU with Richard Nixon's signature on it.
Holy shit, silver is breathing again.
You know it's getting bad when Silver wakes up.
<== higher pleez!
<== lower pleez!
FU. I've got my stack...
Which, alas, was lost in a tragic boating accident.
and 'enter the invisible hand' in 3, 2, 1...
Nah, it's usually the day after...
The crooks will wait until the afternoon Globex session when no one is trading.
Oh, just give it a few minutes to be pounded back to $13.97.
Why does it keep going back to that magic number anyways?
u know the answer to that question....
EXCHANGE STABALIZATION FUND....
FEDERAL RESERVE.....
exactly...
still cheap....
still stacking...
and nothing chsnging that fact...
until its tripple digits VALUED in debt coupon dollars
stay the fucking course....
DEATH TO THE MONEYCAHNGERS.
why death to the moneychangers, what's wrong with changing one type of currency for another?
arent you a money changer if you change dollars for silver?
as long as the exchange is voluntary, i have no problem with it.
Yep.
- Watch for half the worlds silver production to be sold in 10 seconds when all the New York traders are still in bed.
- Watch for the regulators to announce they don't see "anything unlawful" happening.
- Watch for the legacy media to not be remotely curious about these events.
- Dream of the day PM prices are reset higher due to default and the legacy press informs you that everyone always knew this day was coming but also that there need to be special anti-speculator punishments for the longs becuase no one could have seen it comingand its not fair.
This will come back down hard when the rate is cut again and QE57 starts.
While I do appreciate the increase in "price" for all my ounces.
This is still a PAPER "market" with no real connection to reality.
Moral hazard is a real motherfucker like that.
Instead of buying and holding silver, I just buy stock in companies that buy silver. It's the same thing.
[/sarc]
I know I'm beating a dead horse here but I can't help myself.
I only buy stocks that can be bought with silver. :thud:
My SLW holding is doing pretty bad - after 4 months, when I bought it - it is still down.
This is /sarc/ - right?
You don't buy paper silver as an 'investment' to 'profit' from.
Buy the metal as a storage of [long term] value. Period.
Or GTFOut and 'invest' in some great company like Amazon, with a 342 PE (more or less).
The connection to reality happens if it gets even a tiny additional fraction of people excited enough to start grabbing some physical.
LoP> What part of "sell your paper profits" and buy the "real stuff" don't you understand?
But how long will it last? This is the market game and actually getting the metal is a different thing. The fun will start when people actually demand fulfillment of contract instead of a cash placebo......
I've seen this mentioned here a few times, but I don't understand the logic. As far as I understand it, they are under no obligation at all to to settle in physical. Not ever. Am I wrong?
Not quite, it's a contract for delivery, but the orders can take a cash payout at close of contract instead of taking possession. A lot of the futures market is like that, but the contract CAN be enforced......
So can a nail to the back of the head. No one in these paper markets would go against TPTB.
Comex paper. Color me bored.
Iove the fact that people hate silver. Keeps it sooooooo cheap!
Barbaric relic for us barbarians!
"Silver Surges To Key Technical Level"
Throw out the "Technical" 20th century jargon. When it hits $50, then we're talking "Key" level.
I have more silver this year than I did last year. That means I am more wealthy.
I'll feel good when silver breaks $50.
Shoot, if silver breaks $50, I'll be even more retired than I already am. That's between a 3 and a 4-bagger from here.
I just bought more a week ago. I'm holding for now. May buy more on any pullback. Thinking $15-16 is still a very reasonable level.
I just bought 900 bucks in silver yesterday. I will keep buying, and gold too, until this shit show collapses.
(which is feeling sooner rather than later ...)
You are my kind of guy, Sully.