Here is the Gold Silver Ratio chart. My data only goes back to 2006 but this is a serious move and as I said, the target is single digits (under 10). Rotate gold to silver for maximum returns.
@ProofCollection said:
Here is the Gold Silver Ratio chart. My data only goes back to 2006 but this is a serious move and as I said, the target is single digits (under 10). Rotate gold to silver for maximum returns.
Silver at $500 would be a total market value of $30-$35 Trillion. Or more than the current value of gold.
No, but then again GME going up 20-fold in 5 weeks didn't either.
What you would have hear is tons of futures selling by miners to lock in an unbelievabley high price. That's why I asked Goldminers to chime in....if the business models assume silver at $25-$35 an ounce and you can lock in a ton at $65-plus....you'd be a moron not to do it.
This is somewhat reminiscent of the Hunt Brothers where it took a year for silver to triple and then it did it again in 6 weeks.
@ProofCollection said:
Here is the Gold Silver Ratio chart. My data only goes back to 2006 but this is a serious move and as I said, the target is single digits (under 10). Rotate gold to silver for maximum returns.
How did you arrive at a target in the single digits ?
Also, you do realize that someone doing an Excel Spreadsheet on WMTs growth from 1970-90 could say that their "target" for 2010 was a number larger than the U.S. GDP, right ? My point is that if something can't go on forever -- it won't. The Law of Large Numbers will kick in somewhere here.
If I owned a silver company, I'd be selling futures all day long to lock in my production revenues.
@ProofCollection said:
Here is the Gold Silver Ratio chart. My data only goes back to 2006 but this is a serious move and as I said, the target is single digits (under 10). Rotate gold to silver for maximum returns.
How did you arrive at a target in the single digits ?
Also, you do realize that someone doing an Excel Spreadsheet on WMTs growth from 1970-90 could say that their "target" for 2010 was a number larger than the U.S. GDP, right ? My point is that if something can't go on forever -- it won't. The Law of Large Numbers will kick in somewhere here.
If I owned a silver company, I'd be selling futures all day long to lock in my production revenues.
That's where the chart points. The chart doesn't explain why. In the early days of Covid the charts pointed to $0 oil which didn't make a lot of sense until it did.
People are hung up in historical paradigms and market patterns and fail to see what skyrocketing PM prices mean. The rising PM prices are symptoms of a global financial and debt problem approaching the brink of collapse. You know how bankruptcy happens right? Slowly at first and then all of a sudden? We're at the beginning of the "all of a sudden" part. These price increases are telling you that. And by "we" I don't necessarily mean the US but what's coming is going to affect the whole globe regardless of where it starts.
Either way you got to admit that after years of being sure silver was vastly undervalued “we were right “ . If it pulls back 10%-20% that’s a healthy thing. Let it base and then go up from a much higher level. As far as single digit GSR, Silver currently comes out of the ground at 8 to 1 ratio. Truthfully this Brings a smile to my face.
Mike
@MsMorrisine said:
-40 oil came to happen because and end of trading for a contract coincided with the delivery point's storage being full
Yes. The point is if I posted the prediction of $0 oil a month before it happened, everyone would have laughed and wanted to know how and why and I doubt anyone would be able to explain and believe that it was possible or even likely.
GSR "strong" support/resistance line at 63.0 folded up like tissue paper. 60 came right into play. And here we are at 57
aiming at the next important targets of 55 and 45. I said 2 yrs ago that one or both of those 2 levels had to be revisited. And here we are knocking on 55's door. 45-65 a couple decades ago used to be the normal trading range. The only immediate chart target I have is the result of the 2 yr expanding wedge from 2014-2016....that spun GSR up to 125 in the end. That declining trend line points to approx 45-48. The wedge if tightly drawn points to 20's to mid 30's.
On the left side of the chart is the 2002-2011 wedging action that could potentially point to single digits.
I have had plenty of 10% days in other investments. To have had a few recently NVDA, AVGO, AMD and very recently in MU. In my opinion Silver would’ve had more 10% rallies if it wasn’t being “Controlled and manipulated. I have collected silver for 60 years and it went up but never really more than inflation. The big difference is all the new industrial uses and the knowledge that it’s a finite supply. As you know 70% of mined totals are byproduct of other metal mines and 30% are pure silver mines. New mines take about 10 years and at $28.50 an ounce nobody’s rushing out to start a new silver mines. Chinese silver slated to stop international sales next week and new silver batteries that are in testing phase use 1 kg of silver. I think 10-20% pullback is the most it pulls back unless we get a new world ending pandemic.
JMHO
Mike> @MsMorrisine said:
@Mike59 said:
. If it pulls back 10%-20% that’s a healthy thing.
it went up 10% today. 10% down could 1 day's hiccup
The rising PM prices are symptoms of a global financial and debt problem approaching the brink of collapse. You know how bankruptcy happens right? Slowly at first and then all of a sudden? We're at the beginning of the "all of a sudden" part. These price increases are telling you that.
This is exactly right. The next concern is what Bill Holter talks about - a credit collapse and it's impacts on the supply chains & the economy.
Either way you got to admit that after years of being sure silver was vastly undervalued “we were right “ . If it pulls back 10%-20% that’s a healthy thing. Let it base and then go up from a much higher level. As far as single digit GSR, Silver currently comes out of the ground at 8 to 1 ratio. Truthfully this Brings a smile to my face.
Peter Grandich mentioned that there will be one last attack on the PMs and to expect a fairly brief drop, even as soon as this weekend. The 8 to 1 ratio is mentioned by Rick Rule, who knows a few things about PM mining.
I look at potential places to put some proceeds when I eventually start selling in earnest, but at this juncture I can't think of any better options than PMs, price spikes notwithstanding.
Q: Are You Printing Money? Bernanke: Not Literally
@ProofCollection said:
That's where the chart points. The chart doesn't explain why. In the early days of Covid the charts pointed to $0 oil >which didn't make a lot of sense until it did.
That prediction of negative oil prices goes to my old PB colleague, Paul Sankey (probably the best oil analyst out there). Also, prices rebounded strongly from the negative contango.
People are hung up in historical paradigms and market patterns and fail to see what skyrocketing PM prices mean. >The rising PM prices are symptoms of a global financial and debt problem approaching the brink of collapse. You >?>know how bankruptcy happens right? Slowly at first and then all of a sudden? We're at the beginning of the "all of a >sudden" part. These price increases are telling you that. And by "we" I don't necessarily mean the US but what's >oming is going to affect the whole globe regardless of where it starts.
Silver is a thinly traded metal. This could be China playing the part of Nelson and Bunker Hunt. I don't trust the CCP.
@ProofCollection said:
That's where the chart points. The chart doesn't explain why. In the early days of Covid the charts pointed to $0 oil >which didn't make a lot of sense until it did.
That prediction of negative oil prices goes to my old PB colleague, Paul Sankey (probably the best oil analyst out there). Also, prices rebounded strongly from the negative contango.
People are hung up in historical paradigms and market patterns and fail to see what skyrocketing PM prices mean. >The rising PM prices are symptoms of a global financial and debt problem approaching the brink of collapse. You >?>know how bankruptcy happens right? Slowly at first and then all of a sudden? We're at the beginning of the "all of a >sudden" part. These price increases are telling you that. And by "we" I don't necessarily mean the US but what's >oming is going to affect the whole globe regardless of where it starts.
Silver is a thinly traded metal. This could be China playing the part of Nelson and Bunker Hunt. I don't trust the CCP.
.
I don't trust them either, but they are outside of our "jurisdiction". So they can do what they want, unlike the Hunt Brothers who were subjected to certain rules (and rules that changed).
RR, I just don't think that something from the 1970's really commands attention nowadays unless folks want to make an extreme bullish -- or bearish -- case on one of the metals.
Reminds me of the old "Odd Lot Theory" with stocks.
Even if we get an extreme move in silver and the GSR it's more likely to be a speculative blowoff (probably China) than a sustainable price point.
Silver is a thinly traded metal. This could be China playing the part of Nelson and Bunker Hunt. I don't trust the CCP.
China isn't the only player playing games for their own benefit. You can include India, Saudi, Russia, Britain, the US in addition to the producing countries - Mexico, Canada, Columbia, Argentina, Bolivia, Brazil.............
You'd better believe that each of these countries is playing their own hand as the importance of silver becomes more and more recognized.
Q: Are You Printing Money? Bernanke: Not Literally
@ProofCollection said:
Here is the Gold Silver Ratio chart. My data only goes back to 2006 but this is a serious move and as I said, the target is single digits (under 10). Rotate gold to silver for maximum returns.
How did you arrive at a target in the single digits ?
Also, you do realize that someone doing an Excel Spreadsheet on WMTs growth from 1970-90 could say that their "target" for 2010 was a number larger than the U.S. GDP, right ? My point is that if something can't go on forever -- it won't. The Law of Large Numbers will kick in somewhere here.
If I owned a silver company, I'd be selling futures all day long to lock in my production revenues.
Silver mining companies still have margin requirements with a 'hedge'. If silver goes to $100-$150 before they have the silver, it could bankrupt them with too many sold contracts.
@jmski52 said:
You'd better believe that each of these countries is playing their own hand as the importance of silver becomes >more and more recognized.
Most of those countries have transparent accounting of inventories and supplies....not the CCP.
You also may have rogues like Japan's infamous Mr. Copper.
@GoldFinger1969 said:
RR, I just don't think that something from the 1970's really commands attention nowadays unless folks want to make an extreme bullish -- or bearish -- case on one of the metals.
Reminds me of the old "Odd Lot Theory" with stocks.
Even if we get an extreme move in silver and the GSR it's more likely to be a speculative blowoff (probably China) than a sustainable price point.
The chart is the sum of all market knowledge. Doesn't matter to me if some trends lines are 15-20 yrs old if they have legitimacy. If we're tossing out old charts then you might as well toss out silver's cup formation from 1980 to 2011. That goes back 45 yrs. The handle took 14 yrs to play out. Once $50 was exceeded for the 3rd time, the chart exploded. Hard to find a chart with more credibility than that one.
Yup. The Monday morning PM markets in Asia opened at 6:00PM Eastern Standard Time.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Yup. The Monday morning PM markets in Asia opened at 6:00PM Eastern Standard Time.
spot and electronic futures are open and everyone can do business with asia most likey. the real players in asia come in at 8pm or 9pm our time depending upon time changes
Yup. The Monday morning PM markets in Asia opened at 6:00PM Eastern Standard Time.
spot and electronic futures are open and everyone can do business with asia most likey. the real players in asia come in at 8pm or 9pm our time depending upon time changes
The current battle between China and the west over physical silver will result in three things:
1. a restriction on silver exports in China. (done)
2. US tariffs on silver (decision to be made by Washington no later than mid January)
3. Price "management" to keep metal from leaving where it is held. Dec. 29 price action is just the beginning.
Of note is the role Venezuela plays in global silver supplies. It sits inside a broader Latin American supply web that feeds the global silver market. Over the last two months, there has been a massive inflow of silver from Latin America into the United States. Not into China. Into the U.S. Who is one clearinghouse? JPMorgan.
When gold and silver move together, it signals the coming end of fiat money.
I pulled several articles from the 2011-12 run. The arguments calling for $200+ silver then are literally the exact same arguments which are being made now, focusing on limited supply, deficit, industrial use, solar, etc.
I don’t have a crystal ball, but be careful out there. Nothing wrong with taking a nice profit.
@nags said:
I pulled several articles from the 2011-12 run. The arguments calling for $200+ silver then are literally the exact same arguments which are being made now, focusing on limited supply, deficit, industrial use, solar, etc.
I don’t have a crystal ball, but be careful out there. Nothing wrong with taking a nice profit.
especially when history shows highs are temporary.
When gold and silver move together, it signals the coming end of fiat money.
The arguments calling for $200+ silver then are literally the exact same arguments which are being made now, focusing on limited supply, deficit, industrial use, solar, etc.
I'll bet that the comments sections were saying, "but things are different now". heh
And of course, things really ARE different now but nobody really knows how different things will get.
Q: Are You Printing Money? Bernanke: Not Literally
@carew4me said:
ZSL waits with open arms when the time is right
ZSL should have been bought at $75.80 silver when the market began pre-trading at 8 am this morning. The battle between east and west silver supplies is bringing some strange happenings this morning to the futures price. Where it will settle is the question.
When gold and silver move together, it signals the coming end of fiat money.
@carew4me said:
ZSL waits with open arms when the time is right
ZSL should have been bought at $75.80 silver when the market began pre-trading at 8 am this morning. The battle between east and west silver supplies is bringing some strange happenings this morning to the futures price. Where it will settle is the question.
Comex just raised paper margin requirements for the second time in 2 weeks. First $22,000 and today $25,000. Trying to help “big Banks” cover their Short positions.
JMHO,
Mike
@carew4me said:
ZSL waits with open arms when the time is right
ZSL should have been bought at $75.80 silver when the market began pre-trading at 8 am this morning. The battle between east and west silver supplies is bringing some strange happenings this morning to the futures price. Where it will settle is the question.
premature
post mortem
When gold and silver move together, it signals the coming end of fiat money.
@Mike59 said:
Comex just raised paper margin requirements for the second time in 2 weeks. First $22,000 and today $25,000. Trying to help “big Banks” cover their Short positions.
JMHO,
Mike
Isn't this done in volatile investments/securities to cover their backside if the underlaying investment/security tanks? This seems par for the course for any volatile asset. Every investment account I've ever had has had a schedule for the margin requirements for every security. The riskier the security, the less you can borrow against it... Right now, silver is high risk/high reward...
waiting for the new floor to firm up. if the physical supply is restricted then margin raise impact will be modest/transitional.
even pro's were stunned by the parabolic rise last week and were thus predicting a juicy re-entry opportunity for paper plays
@Mike59 said:
Comex just raised paper margin requirements for the second time in 2 weeks. First $22,000 and today $25,000. Trying to help “big Banks” cover their Short positions.
JMHO,
Mike
Isn't this done in volatile investments/securities to cover their backside if the underlaying investment/security tanks? This seems par for the course for any volatile asset. Every investment account I've ever had has had a schedule for the margin requirements for every security. The riskier the security, the less you can borrow against it... Right now, silver is high risk/high reward...
The increase is couched in the excuse that it's because of the risk but the understanding is that it is to reduce market activity by requiring more capital to speculate and cause people to close positions.
@Mike59 said:
Comex just raised paper margin requirements for the second time in 2 weeks. First $22,000 and today $25,000. Trying to help “big Banks” cover their Short positions.
JMHO,
Mike
Isn't this done in volatile investments/securities to cover their backside if the underlaying investment/security tanks? This seems par for the course for any volatile asset. Every investment account I've ever had has had a schedule for the margin requirements for every security. The riskier the security, the less you can borrow against it... Right now, silver is high risk/high reward...
The increase is couched in the excuse that it's because of the risk but the understanding is that it is to reduce market activity by requiring more capital to speculate and cause people to close positions.
Reduce speculation and risk, definitely, but not to force investors to close positions or drive down the price, even if it does cause a price drop. I worked for the largest B/D and besides the NYSE/FINRA margin requirements, we had our own margin schedule since we, the firm, were on the hook if our customers defaulted and couldn't settle. We had some of the biggest high price Tech stocks at > 50% margin and some at 100%. We had no positions in these stocks and there was no firm interest if the stock went up or down. We did it to control firm risk and CME does it to control the market's risks.
Comments
Here is the Gold Silver Ratio chart. My data only goes back to 2006 but this is a serious move and as I said, the target is single digits (under 10). Rotate gold to silver for maximum returns.
Silver at $500 would be a total market value of $30-$35 Trillion. Or more than the current value of gold.
Would that make sense?
Knowledge is the enemy of fear
No, but then again GME going up 20-fold in 5 weeks didn't either.
What you would have hear is tons of futures selling by miners to lock in an unbelievabley high price. That's why I asked Goldminers to chime in....if the business models assume silver at $25-$35 an ounce and you can lock in a ton at $65-plus....you'd be a moron not to do it.
This is somewhat reminiscent of the Hunt Brothers where it took a year for silver to triple and then it did it again in 6 weeks.
How did you arrive at a target in the single digits ?
Also, you do realize that someone doing an Excel Spreadsheet on WMTs growth from 1970-90 could say that their "target" for 2010 was a number larger than the U.S. GDP, right ? My point is that if something can't go on forever -- it won't. The Law of Large Numbers will kick in somewhere here.
If I owned a silver company, I'd be selling futures all day long to lock in my production revenues.
That's where the chart points. The chart doesn't explain why. In the early days of Covid the charts pointed to $0 oil which didn't make a lot of sense until it did.
People are hung up in historical paradigms and market patterns and fail to see what skyrocketing PM prices mean. The rising PM prices are symptoms of a global financial and debt problem approaching the brink of collapse. You know how bankruptcy happens right? Slowly at first and then all of a sudden? We're at the beginning of the "all of a sudden" part. These price increases are telling you that. And by "we" I don't necessarily mean the US but what's coming is going to affect the whole globe regardless of where it starts.
-40 oil came to happen because and end of trading for a contract coincided with the delivery point's storage being full
Either way you got to admit that after years of being sure silver was vastly undervalued “we were right “ . If it pulls back 10%-20% that’s a healthy thing. Let it base and then go up from a much higher level. As far as single digit GSR, Silver currently comes out of the ground at 8 to 1 ratio. Truthfully this Brings a smile to my face.
Mike
MIKE B.
Yes. The point is if I posted the prediction of $0 oil a month before it happened, everyone would have laughed and wanted to know how and why and I doubt anyone would be able to explain and believe that it was possible or even likely.
it went up 10% today. 10% down could 1 day's hiccup
GSR "strong" support/resistance line at 63.0 folded up like tissue paper. 60 came right into play. And here we are at 57
aiming at the next important targets of 55 and 45. I said 2 yrs ago that one or both of those 2 levels had to be revisited. And here we are knocking on 55's door. 45-65 a couple decades ago used to be the normal trading range. The only immediate chart target I have is the result of the 2 yr expanding wedge from 2014-2016....that spun GSR up to 125 in the end. That declining trend line points to approx 45-48. The wedge if tightly drawn points to 20's to mid 30's.
On the left side of the chart is the 2002-2011 wedging action that could potentially point to single digits.
I have had plenty of 10% days in other investments. To have had a few recently NVDA, AVGO, AMD and very recently in MU. In my opinion Silver would’ve had more 10% rallies if it wasn’t being “Controlled and manipulated. I have collected silver for 60 years and it went up but never really more than inflation. The big difference is all the new industrial uses and the knowledge that it’s a finite supply. As you know 70% of mined totals are byproduct of other metal mines and 30% are pure silver mines. New mines take about 10 years and at $28.50 an ounce nobody’s rushing out to start a new silver mines. Chinese silver slated to stop international sales next week and new silver batteries that are in testing phase use 1 kg of silver. I think 10-20% pullback is the most it pulls back unless we get a new world ending pandemic.
JMHO
Mike> @MsMorrisine said:
MIKE B.
The rising PM prices are symptoms of a global financial and debt problem approaching the brink of collapse. You know how bankruptcy happens right? Slowly at first and then all of a sudden? We're at the beginning of the "all of a sudden" part. These price increases are telling you that.
This is exactly right. The next concern is what Bill Holter talks about - a credit collapse and it's impacts on the supply chains & the economy.
Either way you got to admit that after years of being sure silver was vastly undervalued “we were right “ . If it pulls back 10%-20% that’s a healthy thing. Let it base and then go up from a much higher level. As far as single digit GSR, Silver currently comes out of the ground at 8 to 1 ratio. Truthfully this Brings a smile to my face.
Peter Grandich mentioned that there will be one last attack on the PMs and to expect a fairly brief drop, even as soon as this weekend. The 8 to 1 ratio is mentioned by Rick Rule, who knows a few things about PM mining.
I look at potential places to put some proceeds when I eventually start selling in earnest, but at this juncture I can't think of any better options than PMs, price spikes notwithstanding.
I knew it would happen.
That prediction of negative oil prices goes to my old PB colleague, Paul Sankey (probably the best oil analyst out there). Also, prices rebounded strongly from the negative contango.
Silver is a thinly traded metal. This could be China playing the part of Nelson and Bunker Hunt. I don't trust the CCP.
.
I don't trust them either, but they are outside of our "jurisdiction". So they can do what they want, unlike the Hunt Brothers who were subjected to certain rules (and rules that changed).
.
RR, I just don't think that something from the 1970's really commands attention nowadays unless folks want to make an extreme bullish -- or bearish -- case on one of the metals.
Reminds me of the old "Odd Lot Theory" with stocks.
Even if we get an extreme move in silver and the GSR it's more likely to be a speculative blowoff (probably China) than a sustainable price point.
Silver is a thinly traded metal. This could be China playing the part of Nelson and Bunker Hunt. I don't trust the CCP.
China isn't the only player playing games for their own benefit. You can include India, Saudi, Russia, Britain, the US in addition to the producing countries - Mexico, Canada, Columbia, Argentina, Bolivia, Brazil.............
You'd better believe that each of these countries is playing their own hand as the importance of silver becomes more and more recognized.
I knew it would happen.
AGQ went 19.05% today.
When gold and silver move together, it signals the coming end of fiat money.
Silver mining companies still have margin requirements with a 'hedge'. If silver goes to $100-$150 before they have the silver, it could bankrupt them with too many sold contracts.
Most of those countries have transparent accounting of inventories and supplies....not the CCP.
You also may have rogues like Japan's infamous Mr. Copper.
The chart is the sum of all market knowledge. Doesn't matter to me if some trends lines are 15-20 yrs old if they have legitimacy. If we're tossing out old charts then you might as well toss out silver's cup formation from 1980 to 2011. That goes back 45 yrs. The handle took 14 yrs to play out. Once $50 was exceeded for the 3rd time, the chart exploded. Hard to find a chart with more credibility than that one.
Edited duplicate post.
Futures opening at $82+!
Tomorrow is gonna be a wild ride
Indeed,,,,$90 perhaps by week's end.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
March of Time - 27 Centuries in Gold
https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
@USMarine6 said: “Tomorrow is gonna be a wild ride”
Agree, though today is tomorrow in Asia. 🤣
Yup. The Monday morning PM markets in Asia opened at 6:00PM Eastern Standard Time.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
and bloomberg is showing reruns
spot and electronic futures are open and everyone can do business with asia most likey. the real players in asia come in at 8pm or 9pm our time depending upon time changes
Dropped $6 in an hour.
Knowledge is the enemy of fear
considering the volatility, it may be 90 at 8am
The chart looks impressive. They didn't shake off the buying, yet.
I knew it would happen.
12/28 21:00 est @ $76.83.
In case you're not paying attention 😜
Successful BST:here and ATS, bumanchu, wdrob, hashtag, KeeNoooo, mikej61, Yonico, Meltdown, BAJJERFAN, Excaliber, lordmarcovan, cucamongacoin, robkool, bradyc, tonedcointrader, mumu, Windycity, astrotrain, tizofthe, overdate, rwyarmch, mkman123, Timbuk3,GBurger717, airplanenut, coinkid855 ,illini420, michaeldixon, Weiss, Morpheus, Deepcoin, Collectorcoins, AUandAG, D.Schwager, blu62vette,
Love the V!
COPPER is gutter !
The current battle between China and the west over physical silver will result in three things:
1. a restriction on silver exports in China. (done)
2. US tariffs on silver (decision to be made by Washington no later than mid January)
3. Price "management" to keep metal from leaving where it is held. Dec. 29 price action is just the beginning.
Of note is the role Venezuela plays in global silver supplies. It sits inside a broader Latin American supply web that feeds the global silver market. Over the last two months, there has been a massive inflow of silver from Latin America into the United States. Not into China. Into the U.S. Who is one clearinghouse? JPMorgan.
When gold and silver move together, it signals the coming end of fiat money.
I pulled several articles from the 2011-12 run. The arguments calling for $200+ silver then are literally the exact same arguments which are being made now, focusing on limited supply, deficit, industrial use, solar, etc.
I don’t have a crystal ball, but be careful out there. Nothing wrong with taking a nice profit.
especially when history shows highs are temporary.
When gold and silver move together, it signals the coming end of fiat money.
The arguments calling for $200+ silver then are literally the exact same arguments which are being made now, focusing on limited supply, deficit, industrial use, solar, etc.
I'll bet that the comments sections were saying, "but things are different now". heh
And of course, things really ARE different now but nobody really knows how different things will get.
I knew it would happen.
when is this temporary high going to hit. i'd like to marvel at the slide
Imagine all the eBay returns today!
You're late to the party.
When gold and silver move together, it signals the coming end of fiat money.
ZSL waits with open arms when the time is right
Loves me some shiny!
“Often wrong, but never in doubt.”
ZSL should have been bought at $75.80 silver when the market began pre-trading at 8 am this morning. The battle between east and west silver supplies is bringing some strange happenings this morning to the futures price. Where it will settle is the question.
When gold and silver move together, it signals the coming end of fiat money.
premature
Loves me some shiny!
“Often wrong, but never in doubt.”
Comex just raised paper margin requirements for the second time in 2 weeks. First $22,000 and today $25,000. Trying to help “big Banks” cover their Short positions.
JMHO,
Mike
MIKE B.
post mortem
When gold and silver move together, it signals the coming end of fiat money.
I bought Friday @ $5.00. Fell .35¢ after I bought and the open last night was painful.
Isn't this done in volatile investments/securities to cover their backside if the underlaying investment/security tanks? This seems par for the course for any volatile asset. Every investment account I've ever had has had a schedule for the margin requirements for every security. The riskier the security, the less you can borrow against it... Right now, silver is high risk/high reward...
waiting for the new floor to firm up. if the physical supply is restricted then margin raise impact will be modest/transitional.
even pro's were stunned by the parabolic rise last week and were thus predicting a juicy re-entry opportunity for paper plays
Loves me some shiny!
“Often wrong, but never in doubt.”
The increase is couched in the excuse that it's because of the risk but the understanding is that it is to reduce market activity by requiring more capital to speculate and cause people to close positions.
Reduce speculation and risk, definitely, but not to force investors to close positions or drive down the price, even if it does cause a price drop. I worked for the largest B/D and besides the NYSE/FINRA margin requirements, we had our own margin schedule since we, the firm, were on the hook if our customers defaulted and couldn't settle. We had some of the biggest high price Tech stocks at > 50% margin and some at 100%. We had no positions in these stocks and there was no firm interest if the stock went up or down. We did it to control firm risk and CME does it to control the market's risks.