Home Precious Metals

Silver crashing - is it temporary?

2»

Comments

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,288 ✭✭✭✭✭

    Ordered another 1000 + oz

    Meow.

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    .

    @derryb said:
    Rebound?

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

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭
    edited August 24, 2021 11:55AM

    @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.

    "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

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    "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

  • GoldminersGoldminers Posts: 3,984 ✭✭✭✭✭

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

  • joeykoinsjoeykoins Posts: 15,939 ✭✭✭✭✭

    Rising consistently?

    I hope so. :)

    "Jesus died for you and for me, Thank you,Jesus"!!!

    --- If it should happen I die and leave this world and you want to remember me. Please only remember my opening Sig Line.
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    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."

    "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

  • jmski52jmski52 Posts: 22,847 ✭✭✭✭✭
    edited August 28, 2021 3:51PM

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

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭

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

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • thefinnthefinn Posts: 2,656 ✭✭✭✭✭

    @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.

    thefinn
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @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.

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @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.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @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.

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @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? ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

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

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @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? ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭
    edited September 10, 2021 2:38PM

    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?

    "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

  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭

    @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

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @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.

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    Your updated chart

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    "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

  • CoinHoarderCoinHoarder Posts: 2,585 ✭✭✭✭✭

    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.

  • pcgscacgoldpcgscacgold Posts: 2,856 ✭✭✭✭✭

    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.

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @derryb said:

    Mmmm. Really?

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    Think "transitory." LOL

    BTFD.

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    edited September 16, 2021 10:34AM

    @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."

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @OPA said:

    @derryb said:
    Think "transitory." LOL

    BTFD.

    Which one? Silver or stocks?

    The one who's fundamentals say "BTFD."

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @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

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @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.

    "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

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @derryb said:
    buy the crash dip.

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

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @cohodk said:

    @derryb said:
    buy the crash dip.

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

    So was 2008. B)

    "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

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @derryb said:

    @cohodk said:

    @derryb said:
    buy the crash dip.

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

    So was 2008. B)

    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!!!

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

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

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    edited September 30, 2021 5:37AM

    @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.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    volatility can be your friend.

    "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

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @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.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,122 ✭✭✭✭✭

    @derryb said:
    volatility can be your friend.

    So you advocate going without insurance?

    Lol.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,818 ✭✭✭✭✭
    edited September 30, 2021 1:35PM

    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. B)

    "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

  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭

    Are you "rich" yet? Lolz

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    nunya

    "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

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,288 ✭✭✭✭✭
    edited October 1, 2021 12:24PM

    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.

  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭

    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

    The whole worlds off its rocker, buy Gold™.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,288 ✭✭✭✭✭

    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.

  • blitzdudeblitzdude Posts: 5,891 ✭✭✭✭✭

    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.

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,847 ✭✭✭✭✭

    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?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,818 ✭✭✭✭✭

    @blitzdude said:
    Certainly profitable to be a peddler.

    before one can peddle one must accumulate. B)

    Appears you may be learning something after all.

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    "Silver crashing - is it temporary?"

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

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • coinpalicecoinpalice Posts: 2,453 ✭✭✭✭✭

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

  • fcfc Posts: 12,793 ✭✭✭

    This thread is brutal.

Sign In or Register to comment.