"silver remains a highly volatile asset. Pullbacks of 15 percent or more can occur suddenly, even in a bull market. Investors should maintain elevated risk tolerance, while recognizing the potential for record levels as easing policy and structural deficits sustain investor demand."
No Way Out: Stimulus and Money Printing Are the Only Path Left
@Azurescens said:
If you guys told me a year ago that this price action was gonna happen, I never would have believed you.
Well, hold on to your hat! My technical analysis shows a price target of $330 and one target even higher at $600+. This goes along with a target of ~66 for the US dollar index. Long term, 3-6 year time frame.
How many of y'all will still be holding if it hits $300? How many will have sold much earlier?
I was comfortable buying 1/10 gold at 180 back in 2020. I'd be comfortable buying 1oz silver at 180.
I have no mathematical proof or really much logical reasoning behind this but I feel if people are willing to pay 800 for a PR70 key date eagle, people would be willing to pay 800 for a 1oz round when nothing is left.
At the very least, I think a PR69 key date is a solid benchmark of like $100-$110/oz. We are already basically at a PR69 regular date proof eagle per ounce now.
It's my "Coin of the Realm: Trust me Bro" magnum opus and market prediction.
"silver remains a highly volatile asset. Pullbacks of 15 percent or more can occur suddenly, even in a bull market. Investors should maintain elevated risk tolerance, while recognizing the potential for record levels as easing policy and structural deficits sustain investor demand."
laughs in degenerate gambler
The people who tank the economy every couple years and pay shills to manipulate the markets yet still have to spoof them to death are giving advice on risk tolerance. What a world.
"silver remains a highly volatile asset. Pullbacks of 15 percent or more can occur suddenly, even in a bull market. Investors should maintain elevated risk tolerance, while recognizing the potential for record levels as easing policy and structural deficits sustain investor demand."
laughs in degenerate gambler
The people who tank the economy every couple years and pay shills to manipulate the markets yet still have to spoof them to death are giving advice on risk tolerance. What a world.
Not all advice comes from shills, some of it comes from reliable sources such as UBS bank in Switzerland who provided the above quoted advice. In case you are not aware, UBS is a Swiss multinational investment bank and financial services company, known as the world's largest private bank and a leading global wealth manager. When their analysts speak, smart people listen.
No Way Out: Stimulus and Money Printing Are the Only Path Left
"silver remains a highly volatile asset. Pullbacks of 15 percent or more can occur suddenly, even in a bull market. Investors should maintain elevated risk tolerance, while recognizing the potential for record levels as easing policy and structural deficits sustain investor demand."
laughs in degenerate gambler
The people who tank the economy every couple years and pay shills to manipulate the markets yet still have to spoof them to death are giving advice on risk tolerance. What a world.
I'm not sure they said anything particularly profound. Every PM collector already knew what they said.
"silver remains a highly volatile asset. Pullbacks of 15 percent or more can occur suddenly, even in a bull market. Investors should maintain elevated risk tolerance, while recognizing the potential for record levels as easing policy and structural deficits sustain investor demand."
laughs in degenerate gambler
The people who tank the economy every couple years and pay shills to manipulate the markets yet still have to spoof them to death are giving advice on risk tolerance. What a world.
Not all advice comes from shills, some of it comes from reliable sources such as UBS bank in Switzerland who provided the above quoted advice. In case you are not aware, UBS is a Swiss multinational investment bank and financial services company, known as the world's largest private bank and a leading global wealth manager. When their analysts speak, smart people listen.
Violation Tracker Current Parent Company Summary
Current Parent Company Name: UBS
Ownership Structure: publicly traded (ticker symbol UBS)
Headquartered in: Switzerland
Major Industry: financial services
Specific Industry: banking & securities Penalty total since 2000: $32,115,514,784
Number of records: 186
@Azurescens said:
If you guys told me a year ago that this price action was gonna happen, I never would have believed you.
Well, hold on to your hat! My technical analysis shows a price target of $330 and one target even higher at $600+. This goes along with a target of ~66 for the US dollar index. Long term, 3-6 year time frame.
How many of y'all will still be holding if it hits $300? How many will have sold much earlier?
If spot is 300 and you are offered 225, will you sell?
What's the price of a like new used Toyota truck with low miles... providing I can find one for sale.
I think if silver is 300/oz we have bigger issues. One might want to stack up on other commodities or components.
@ProofCollection said:
Well, hold on to your hat! My technical analysis shows a price target of $330 and one target even higher at $600+. >This goes along with a target of ~66 for the US dollar index. Long term, 3-6 year time frame.
I know of no technical analysis that would forecast a PT of 8x higher than the present. Not even the long-term forecasting of Rhea, Elliot, Russell, or Prechter would go that far.
Certainly not in 6 years. Not unless something cataclysmic is coming.
@ProofCollection said:
Well, hold on to your hat! My technical analysis shows a price target of $330 and one target even higher at $600+. >This goes along with a target of ~66 for the US dollar index. Long term, 3-6 year time frame.
I know of no technical analysis that would forecast a PT of 8x higher than the present. Not even the long-term forecasting of Rhea, Elliot, Russell, or Prechter would go that far.
Certainly not in 6 years. Not unless something cataclysmic is coming.
in August 2025 the US classified silver as critical metal. Next step, rare earth mineral and much higher prices.
No Way Out: Stimulus and Money Printing Are the Only Path Left
The fundamentals on both AG and PT have changed and aren't going back to what they were previously. Both the AG and PT markets are pretty small, and both Comex and LBMA are losing their grip on pricing control of both metals.
It appears that the paper markets will soon be reduced to just that - paper, in confetti form. This has been talked about for years, but I think that time is getting close.
When this does happen, pay close attention to what the bullion banks are doing because their balance sheets will be taking a hit. At that point, expect more inflation and possible capital controls, including a switch to all-digital currency and elimination of cash. Don't patronize any establishments that don't accept cash.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
The fundamentals on both AG and PT have changed and aren't going back to what they were previously. Both the AG and PT markets are pretty small, and both Comex and LBMA are losing their grip on pricing control of both metals.
It appears that the paper markets will soon be reduced to just that - paper, in confetti form. This has been talked about for years, but I think that time is getting close.
When this does happen, pay close attention to what the bullion banks are doing because their balance sheets will be taking a hit. At that point, expect more inflation and possible capital controls, including a switch to all-digital currency and elimination of cash. Don't patronize any establishments that don't accept cash.
I haven't followed it but I seem to recall that Hong Kong has setup their own version of the Comex. I'd have to think that with the competition, assuming they are not in collusion, will also limit the ability to control markets and result in more honest pricing.
Thank goodness most of the gutter left the UK decades ago. I think the chart is irrelevant. That is unless we want to smear gutter cream all over our grapes until we finally one day resemble papa Smurf. NT!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@Azurescens said:
If you guys told me a year ago that this price action was gonna happen, I never would have believed you.
Well, hold on to your hat! My technical analysis shows a price target of $330 and one target even higher at $600+. This goes along with a target of ~66 for the US dollar index. Long term, 3-6 year time frame.
How many of y'all will still be holding if it hits $300? How many will have sold much earlier?
If spot is 300 and you are offered 225, will you sell?
What's the price of a like new used Toyota truck with low miles... providing I can find one for sale.
I think if silver is 300/oz we have bigger issues. One might want to stack up on other commodities or components.
Most likely if it hit 300, it would would have been 200 the day before and the day after. These parabolic spikes last but for minutes, which is why I asked if folk would take 225 if spot was 300. Because the next day they would be offered 150 with spot at 200.
That's not so. I sold some pms last year to finance a project, and I sold some recently to buy a property. I'm enjoying the ride up, and I'm planning to sell other parts of my holdings with the least tax impact for something else in the next year or so.
I will sell bits and pieces when it makes sense to do so. All it means if silver goes to 225 or 300 is that I won't be selling as much, or as often. I still buy coin or two on occasion.
Q: Are You Printing Money? Bernanke: Not Literally
I don't see anything officially over $50, but I do see backwardation, i.e., the spot price is higher than the Comex futures price at this time, by over $1.00 per ounce.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said: $50.55 officially hit this morning.
I don't see anything officially over $50, but I do see backwardation, i.e., the spot price is higher than the Comex futures price at this time, by over $1.00 per ounce.
It is Spot that is currently over $50. There's a reason that some prefer Spot, although both markets are useful in determining what's going on in the overall market.
Q: Are You Printing Money? Bernanke: Not Literally
Silver Futures are still headed down, while the spot price is still holding above $50. Someone in the paper market sure wants the price to tank, but it isn't tanking. Hmmmmmm.
The differential between Spot and Futures is now $1.92/oz.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Your chart says Comex Futures High was $49.325.
It is Spot that is currently over $50. There's a reason that some prefer Spot, although both markets are useful in determining what's going on in the overall market.
No, that's the high of the candle my cursor was on. Refer to the peak of the highest candle wick.
@jmski52 said:
The fundamentals on both AG and PT have changed and aren't going back to what they were previously. Both the AG and PT markets are pretty small, and both Comex and LBMA are losing their grip on pricing control of both metals.
It appears that the paper markets will soon be reduced to just that - paper, in confetti form. This has been talked about for years, but I think that time is getting close.
When this does happen, pay close attention to what the bullion banks are doing because their balance sheets will be taking a hit. At that point, expect more inflation and possible capital controls, including a switch to all-digital currency and elimination of cash. Don't patronize any establishments that don't accept cash.
Yes, it is a sad day when I cannot go to a Red Sox game and buy a hot dog with cash.......very sad
boston
"I sold some pms last year to finance a project, and I sold some recently to buy a property. I'm enjoying the ride up, and I'm planning to sell other parts of my holdings with the least tax impact for something else in the next year or so."
I say
That is a great philosophy [and mine] , buy something............sell it when you can make an after-tax profit acceptable to yourself ...........and invest it in something else that you want or need.
boston
@derryb said:
i'm experiencing pretty good demand for my silver
I've had some very good action on my mid range collectible silver. So much so that I sold some gold to buy more.
I pulled my raw bullion and brilliant unc junker slabs off ebay and thank god I did or I'd be selling below spot right now.
The higher tier stuff like rare dates and perfect coins has been a little slow but it could just be me. It happens during stagnant price action so I'm not worried.
I did begin wondering today when will it be time to pull my $150 graded bullion off ebay too. Probably soon. I'm debating just doing it today so it doesn't occupy brain space.
However, little of this certainty is currently felt in the silver market, as Bruce Ikemizu, Chief Director of the Japan Bullion Market Association (JBMA), confirmed on the evening of October 9, the implicit leasing rate for physical silver in London has risen to a breathtaking 39.2%. This applies to silver that must be returned one month after being borrowed.
The increase is not only enormous; it also signals a massive shortage of the currently available physical supply.
Comments
Came across this advice:
"silver remains a highly volatile asset. Pullbacks of 15 percent or more can occur suddenly, even in a bull market. Investors should maintain elevated risk tolerance, while recognizing the potential for record levels as easing policy and structural deficits sustain investor demand."
No Way Out: Stimulus and Money Printing Are the Only Path Left
I was comfortable buying 1/10 gold at 180 back in 2020. I'd be comfortable buying 1oz silver at 180.
I have no mathematical proof or really much logical reasoning behind this but I feel if people are willing to pay 800 for a PR70 key date eagle, people would be willing to pay 800 for a 1oz round when nothing is left.
At the very least, I think a PR69 key date is a solid benchmark of like $100-$110/oz. We are already basically at a PR69 regular date proof eagle per ounce now.
It's my "Coin of the Realm: Trust me Bro" magnum opus and market prediction.
laughs in degenerate gambler
The people who tank the economy every couple years and pay shills to manipulate the markets yet still have to spoof them to death are giving advice on risk tolerance. What a world.
Or perhaps a stick of butter and a can of beans. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Not all advice comes from shills, some of it comes from reliable sources such as UBS bank in Switzerland who provided the above quoted advice. In case you are not aware, UBS is a Swiss multinational investment bank and financial services company, known as the world's largest private bank and a leading global wealth manager. When their analysts speak, smart people listen.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I'm not sure they said anything particularly profound. Every PM collector already knew what they said.
http://ProofCollection.Net
Not sure UBS has any better reputation than the others. https://violationtracker.goodjobsfirst.org/parent/ubs
Violation Tracker Current Parent Company Summary
Current Parent Company Name: UBS
Ownership Structure: publicly traded (ticker symbol UBS)
Headquartered in: Switzerland
Major Industry: financial services
Specific Industry: banking & securities
Penalty total since 2000: $32,115,514,784
Number of records: 186
UBS traders do the violating. UBS analysts share their research.
No Way Out: Stimulus and Money Printing Are the Only Path Left
we are?
What's the price of a like new used Toyota truck with low miles... providing I can find one for sale.
I think if silver is 300/oz we have bigger issues. One might want to stack up on other commodities or components.
I know of no technical analysis that would forecast a PT of 8x higher than the present. Not even the long-term forecasting of Rhea, Elliot, Russell, or Prechter would go that far.
Certainly not in 6 years. Not unless something cataclysmic is coming.
in August 2025 the US classified silver as critical metal. Next step, rare earth mineral and much higher prices.
No Way Out: Stimulus and Money Printing Are the Only Path Left
The fundamentals on both AG and PT have changed and aren't going back to what they were previously. Both the AG and PT markets are pretty small, and both Comex and LBMA are losing their grip on pricing control of both metals.
It appears that the paper markets will soon be reduced to just that - paper, in confetti form. This has been talked about for years, but I think that time is getting close.
When this does happen, pay close attention to what the bullion banks are doing because their balance sheets will be taking a hit. At that point, expect more inflation and possible capital controls, including a switch to all-digital currency and elimination of cash. Don't patronize any establishments that don't accept cash.
I knew it would happen.
I haven't followed it but I seem to recall that Hong Kong has setup their own version of the Comex. I'd have to think that with the competition, assuming they are not in collusion, will also limit the ability to control markets and result in more honest pricing.
http://ProofCollection.Net
Silver shortage approaching? The green part is the available silver for delivery in London …
No Way Out: Stimulus and Money Printing Are the Only Path Left
Thank goodness most of the gutter left the UK decades ago. I think the chart is irrelevant. That is unless we want to smear gutter cream all over our grapes until we finally one day resemble papa Smurf. NT!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I knew this would happen, I told myself 25 years ago.
100% Positive BST transactions
Then you will never sell.
Knowledge is the enemy of fear
Most likely if it hit 300, it would would have been 200 the day before and the day after. These parabolic spikes last but for minutes, which is why I asked if folk would take 225 if spot was 300. Because the next day they would be offered 150 with spot at 200.
Knowledge is the enemy of fear
Then you will never sell.
That's not so. I sold some pms last year to finance a project, and I sold some recently to buy a property. I'm enjoying the ride up, and I'm planning to sell other parts of my holdings with the least tax impact for something else in the next year or so.
I will sell bits and pieces when it makes sense to do so. All it means if silver goes to 225 or 300 is that I won't be selling as much, or as often. I still buy coin or two on occasion.
I knew it would happen.
$50.55 officially hit this morning.
http://ProofCollection.Net
I saw it over 51.00!
$50.55 officially hit this morning.
I don't see anything officially over $50, but I do see backwardation, i.e., the spot price is higher than the Comex futures price at this time, by over $1.00 per ounce.
I knew it would happen.
The pawn shops around here will still sell silver and gold substantially above their melt values. RIP, the US Dollar.
Is this official enough?
http://ProofCollection.Net
Your chart says Comex Futures High was $49.325.
It is Spot that is currently over $50. There's a reason that some prefer Spot, although both markets are useful in determining what's going on in the overall market.
I knew it would happen.
Some analysts are saying that the backwardation represents a squeeze in the LBMA - which probably does portend higher prices for silver.
I knew it would happen.
Silver Futures are still headed down, while the spot price is still holding above $50. Someone in the paper market sure wants the price to tank, but it isn't tanking. Hmmmmmm.
The differential between Spot and Futures is now $1.92/oz.
I knew it would happen.
$51.24 @ 11:14 est.
No, that's the high of the candle my cursor was on. Refer to the peak of the highest candle wick.
http://ProofCollection.Net
I'm still not seeing Comex Futures over $50.
I knew it would happen.
Does this help? It happened before the markets opened.
http://ProofCollection.Net
i'm experiencing pretty good demand for my silver
No Way Out: Stimulus and Money Printing Are the Only Path Left
So, the future’s here now, or we are past it.
``https://ebay.us/m/KxolR5
the kitco charts have a "Day's Range" at the bottom left
notice kitco high was 51.27 today
Yes, it is a sad day when I cannot go to a Red Sox game and buy a hot dog with cash.......very sad
boston
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
@jmski52 said:
"I sold some pms last year to finance a project, and I sold some recently to buy a property. I'm enjoying the ride up, and I'm planning to sell other parts of my holdings with the least tax impact for something else in the next year or so."
I say
That is a great philosophy [and mine] , buy something............sell it when you can make an after-tax profit acceptable to yourself ...........and invest it in something else that you want or need.
boston
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Right back up again to 51. Lots of dip buying.
My US Mint Commemorative Medal Set
I've had some very good action on my mid range collectible silver. So much so that I sold some gold to buy more.
I pulled my raw bullion and brilliant unc junker slabs off ebay and thank god I did or I'd be selling below spot right now.
The higher tier stuff like rare dates and perfect coins has been a little slow but it could just be me. It happens during stagnant price action so I'm not worried.
I did begin wondering today when will it be time to pull my $150 graded bullion off ebay too. Probably soon. I'm debating just doing it today so it doesn't occupy brain space.
https://goldinvest.de/en/silver-price-at-record-leasing-rates-signal-physical-scarcity/
Silver Price at Record: Leasing Rates Signal Physical Scarcity
However, little of this certainty is currently felt in the silver market, as Bruce Ikemizu, Chief Director of the Japan Bullion Market Association (JBMA), confirmed on the evening of October 9, the implicit leasing rate for physical silver in London has risen to a breathtaking 39.2%. This applies to silver that must be returned one month after being borrowed.
The increase is not only enormous; it also signals a massive shortage of the currently available physical supply.
http://ProofCollection.Net
Silver at $53+
http://ProofCollection.Net
Looks like $51 here in The Commonwealth. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????