Silver crashing - is it temporary?

TwoSides2aCoin

Ordered another 1000 + oz

Meow.

OPA

.

@derryb said:
Rebound?

Could be, but only if we have 3 more days in a row of gains,

derryb

@OPA said:
.

@derryb said:
Rebound?

Could be, but only if we have 3 more days in a row of gains,

Talk of tapering is the culprit, but it's just talk. FED, regardless of what they say at the Jackson Hole Economic Policy Symposium will not taper. Once this is realized as the only outcome, metals will jump.

FED will continue to puke the taper talk in hopes of strengthening the dollar. When it comes time to crap or get off the pot they will just simply fall in. The FED cannot and will not be able to turn off the QE spigot that they have been throttling since 2008. QE is now an economic fact of life, markets cannot survive without it.

A move and hold above $24 will serve as an early warning silver buy signal.

derryb

Silver's volatility; let it be your friend

Goldminers

$24 has been failed resistance twice this month. Just hit there again. Maybe the third time is a charm.

joeykoins

Rising consistently?

I hope so.

derryb

Silver To Replace Expensive Rare-Earth Metal in Touchscreens and Other Consumer Electronics

"Other applications beyond touchscreens include antireflection coatings for mirrors and ‘smart windows’ that
become dimmer in sunlight."

jmski52

a 10 nanometer film thickness doesn't seem like too much to me. Interesting tho'.

OPA

How many nanometers equal one t oz....my guess would be in the billions. Not gonna make a significant dent in the silver stockpile.

thefinn

@OPA said:
How many nanometers equal one t oz....my guess would be in the billions. Not gonna make a significant dent in the silver stockpile.

Depends on the area. Volume = H x W x D.

derryb

@thefinn said:

@OPA said:
How many nanometers equal one t oz....my guess would be in the billions. Not gonna make a significant dent in the silver stockpile.

Depends on the area. Volume = H x W x D.

and the number of touchscreens.

OPA

@derryb said:

@OPA said:
.

@derryb said:
Rebound?

Could be, but only if we have 3 more days in a row of gains,

Talk of tapering is the culprit, but it's just talk. FED, regardless of what they say at the Jackson Hole Economic Policy Symposium will not taper. Once this is realized as the only outcome, metals will jump.

FED will continue to puke the taper talk in hopes of strengthening the dollar. When it comes time to crap or get off the pot they will just simply fall in. The FED cannot and will not be able to turn off the QE spigot that they have been throttling since 2008. QE is now an economic fact of life, markets cannot survive without it.

A move and hold above $24 will serve as an early warning silver buy signal.

Well, we moved above $24, but are having a hard time holding on to it.

derryb

@OPA said:

@derryb said:

A move and hold above $24 will serve as an early warning silver buy signal.

Well, we moved above $24, but are having a hard time holding on to it.

disagree.

OPA

@derryb said:

@OPA said:

@derryb said:

A move and hold above $24 will serve as an early warning silver buy signal.

Well, we moved above $24, but are having a hard time holding on to it.

disagree.

Really?

derryb

Holding $24 just fine so far. Hard time breaking $25.

OPA

@derryb said:
Holding $24 just fine so far. Hard time breaking $25.

Did you mean to say: hard time breaking $24 and remaining there for more than a couple of days?

derryb

We all know the volatility of silver and some of us use short term paper products to profit from it. Here is a chart that shows the silver price spikes since 1973 and how much they gained. The next spike is inevitable. Are we looking at a buying opportunity?

blitzdude

@derryb said:
We all know the volatility of silver and some of us use short term paper products to profit from it. Here is a chart that shows the silver price spikes since 1973 and how much they gained. The next spike is inevitable. Are we looking at a buying opportunity?

Paper on! Quack Quack!! lulz!!! Place used to get stranger by the hour now it gets stranger by the minute. #mindblown

derryb

@blitzdude said:

@derryb said:
We all know the volatility of silver and some of us use short term paper products to profit from it. Here is a chart that shows the silver price spikes since 1973 and how much they gained. The next spike is inevitable. Are we looking at a buying opportunity?

Paper on! Quack Quack!! lulz!!! Place used to get stranger by the hour now it gets stranger by the minute. #mindblown

Paper can be a rewarding short term profit maker.

But remember, I didn't teach you everything I know, only what you know.

OPA

Your updated chart

derryb

CoinHoarder

Silver is taking a beating today. Down $1.02 at this time. It's currently $22.91 ask.

Gold is down $37.00, but that is another topic.

pcgscacgold

I could have guessed this would happen. Intaglio emailed with many things on my want list. Bought them yesterday. Oh well. It's only money. Many are already out of stock so there is that bit of good news.

OPA

@derryb said:

Mmmm. Really?

derryb

Think "transitory." LOL

BTFD.

OPA

@derryb said:
Think "transitory." LOL

BTFD.

Which one? Silver or stocks?
BTW. You guessed correctly in a previous post. "silver will go down to $22 before it gets back up to $30."

derryb

@OPA said:

@derryb said:
Think "transitory." LOL

BTFD.

Which one? Silver or stocks?

The one who's fundamentals say "BTFD."

OPA

@derryb said:

@OPA said:

@derryb said:
Think "transitory." LOL

BTFD.

Which one? Silver or stocks?

The one who's fundamentals say "BTFD."

Must be coffee

derryb

@OPA said:

@derryb said:

@OPA said:

@derryb said:
Think "transitory." LOL

BTFD.

Which one? Silver or stocks?

The one who's fundamentals say "BTFD."

Must be coffee

there are a number of suitable commodity candidates.

RedneckHB

@derryb said:
buy the crash dip.

Down 30% in 100 days. Thats one heck of a dip.

derryb

@cohodk said:

@derryb said:
buy the crash dip.

Down 30% in 100 days. Thats one heck of a dip.

So was 2008.

RedneckHB

@derryb said:

@cohodk said:

@derryb said:
buy the crash dip.

Down 30% in 100 days. Thats one heck of a dip.

So was 2008.

And its dang near the same price as in 2008. At least its got one thing going for it......its held its value.....while everything else has gone up. Haha!! Insurance!!!

derryb

silver could be had for less than $10 in 2008. Quit spewing falsehoods.

OPA

@derryb said:
silver could be had for less than $10 in 2008. Quit spewing falsehoods.

Yup and got up to almost $50 i...10 years ago.

The only way to have made any money in silver over the last 20+ years, is to have your buying & selling times, timed to co-ordinate with the lows & highs. Performance for a long term investment is marginal at best. I'll stick with the S&P.

derryb

volatility can be your friend.

RedneckHB

@derryb said:
silver could be had for less than $10 in 2008. Quit spewing falsehoods.

One could have also paid 20 in 2008. So dont accuse others of spewing falsehoods just so you can attempt to save face. Purveyor of falsehoods is a moniker reserved for you.

RedneckHB

@derryb said:
volatility can be your friend.

So you advocate going without insurance?

Lol.

derryb

I advocate using metal ETFs to profit from volatility. With ETFs it's the push of a button; no finding a buyer, waiting for payment or shipping delays. Much of my physical holdings were funded with these short term paper profits. ONe only need look as short term silver charts to bear witness to the profits provided by the volatility. There are ETFs that allow you to profit when silver goes down as well as when it goes up.

If you can't chew bubble gum and walk at the same time then do not attempt to play metals in more than one way. Short term paper plays do not remove the need to also have long term physical PM holdings to protect from dollar destruction.

If you believe your dollars will buy more in the future then by all means keep your long term savings in dollars.

blitzdude

Are you "rich" yet? Lolz

derryb

nunya

TwoSides2aCoin

Ordered , received, shipped out another 2500 ounces this past week. Sure wish I could get out of the gutter but customers know ( or seem to know) when to buy.

blitzdude

Buy hi sell lo just like derby, good for you there's another sucker born every minute. The price of everything is exploding, gutter metal is still right in the gutter. lol

TwoSides2aCoin

Three days. 1$ per ounce x 2500.

A few customers are "insured."
Timing is critical, and volatility ( for me) is not stress relief. Although capitalizing is the name of the game. There're 2 sides to that coin.

blitzdude

Certainly profitable to be a peddler. Your "insured" customers will wait a decade or so to recoup even just the premium (minus inflation) if they're lucky.

jmski52

our "insured" customers will wait a decade or so to recoup even just the premium (minus inflation) if they're lucky.

Then, perhaps I'm not understanding why you yourself were offering to buy silver, just the other day.............wierd, eh?

derryb

@blitzdude said:
Certainly profitable to be a peddler.

before one can peddle one must accumulate.

Appears you may be learning something after all.

OPA

"Silver crashing - is it temporary?"

You be the judge. down over $3.00 per oz since this question was asked in June.

coinpalice

if your young enough don't worry about it, just hold and wait for the cycle

fc

This thread is brutal.