@Metalmaus1984 said:
Hello Folks, New to the silver stacking community. kind of excited watching the price climb for the first time. Been learning from ashland recently. he sent me here. pleased to meet yall
Welcome to the forum. If you are looking to buy silver hook up with derby if he hasn't already PM'd you. He's got plenty for sale.
He doesn't sell silver and he does not contact forum members personally to sell them anything. And he certainly does not accuse fellow forumites of being unethical or of taking advantage of their customers.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
The elephant in the room is that the last time gold was this high, silver was well into the upper 30s. Everything is different than we saw historically.
Physical ownership kind of discourages flipping. If I only wanted to make maximum profit off of the market, I would just buy SLV shares.
The trading platforms all have restrictions on day trading. A few quick flips (30 days is in play) and they require you have a 10k or higher account plus treat your account like an option trader.
From what I can see, the main force behind the current price jump is the investment platforms that bailed out during the crash are buying back in to replenish their hedge ratio. Because bonds are low, and the dollar is dropping, PMs are preferred.
Hopefully silver maintains slow momentum for a few years.
No elephant in the room as the bull market start and end periods differ between gold and silver so loose correlation, better to observe GSR. Prefer pslv to slv personally. The dollar has been taking a beating lately and broke down from an intermediate timeframe wedge. Far more money playing the mining stocks though or leveraging them up through options for ridiculous gains.
"A pullback can happen at any time, including now, but the fundamentals for further advancement: monetary printing, COTs, and of course faith in central banks are firmly in place."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Comments
He doesn't sell silver and he does not contact forum members personally to sell them anything. And he certainly does not accuse fellow forumites of being unethical or of taking advantage of their customers.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
23.00 right now!
My YouTube Channel
More uppppppp
The elephant in the room is that the last time gold was this high, silver was well into the upper 30s. Everything is different than we saw historically.
Physical ownership kind of discourages flipping. If I only wanted to make maximum profit off of the market, I would just buy SLV shares.
The trading platforms all have restrictions on day trading. A few quick flips (30 days is in play) and they require you have a 10k or higher account plus treat your account like an option trader.
From what I can see, the main force behind the current price jump is the investment platforms that bailed out during the crash are buying back in to replenish their hedge ratio. Because bonds are low, and the dollar is dropping, PMs are preferred.
Hopefully silver maintains slow momentum for a few years.
No elephant in the room as the bull market start and end periods differ between gold and silver so loose correlation, better to observe GSR. Prefer pslv to slv personally. The dollar has been taking a beating lately and broke down from an intermediate timeframe wedge. Far more money playing the mining stocks though or leveraging them up through options for ridiculous gains.
Who used to say: "Fresh Meat."
Welcome.
Welcome @Metalmaus1984 and thanks to @asheland for sending you here
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
well, the mining stocks seem to be following silver instead of gold today.
Russ started that....RIP
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
There's More To Come
"A pullback can happen at any time, including now, but the fundamentals for further advancement: monetary printing, COTs, and of course faith in central banks are firmly in place."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I wondered this morning if silver would hit 25 by weeks end, but sheesh:
Live Silver Price
Silver Spot Price Today
Silver Price per Gram $0.80 £0.62 €0.68
Silver Price per Kilo $804.00 £623.00 €683.00
Silver Price per Ounce $25.01 £19.38 €21.24
27 July 2020, 18:56:33 (GMT-04:00)
It’s there!