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Poll - Sunday silver open: Up or Down? Too late, market opened

derrybderryb Posts: 36,995 ✭✭✭✭✭
in Precious Metals
Lots of fortune tellers here among us. When the market opens on Sunday will silver start up or down based on the weekend's developments? I'm goin with down, just on a hunch that there will be a flight to cash.

Poll closed. Silver opened at 35.40 from Friday's close of 35.28 per kitco's 6 pm New York quote. Congrates to the "up" crowd.

The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

Comments

  • cladkingcladking Posts: 28,689 ✭✭✭✭✭
    Can someone tell me where Silver Seek gets their numbers?

    They're already showing silver up 22c and it's been going up and down for
    hours now. My understanding is no markets are open until Japan opens at
    5:00 PM central on Sunday. (ten minutes)
    Tempus fugit.
  • WingsruleWingsrule Posts: 3,020 ✭✭✭✭
    Silver will hit $37/oz this week.
  • derrybderryb Posts: 36,995 ✭✭✭✭✭
    For purposes of the poll I'm working with the kitco New York open Sunday evening. Don't know where Silver Seek is getting their quotes unless they have their own 24/7 trading platform.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cladkingcladking Posts: 28,689 ✭✭✭✭✭
    SilverSeek is spiking higher.
    Tempus fugit.
  • derrybderryb Posts: 36,995 ✭✭✭✭✭
    Market open. the "up" crowd wins with a .12 opening uptick.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • cladkingcladking Posts: 28,689 ✭✭✭✭✭
    It's really only 5:03

    SS +52c
    Asia +37c
    Tempus fugit.
  • derrybderryb Posts: 36,995 ✭✭✭✭✭
    looks like a flight to real money!

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • 1Mike11Mike1 Posts: 4,416 ✭✭✭✭✭
    The dollar is dogging and the oil supply is threatened - I will guess it's going up this week.
    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • CaptHenwayCaptHenway Posts: 32,274 ✭✭✭✭✭


    << <i>Can someone tell me where Silver Seek gets their numbers?

    They're already showing silver up 22c and it's been going up and down for
    hours now. My understanding is no markets are open until Japan opens at
    5:00 PM central on Sunday. (ten minutes) >>



    I suspect that they are basing their change in the market basis the Friday afternoon "close," and not the Friday afternoon aftermarket, which was up.
    Just a guess. Never heard of them before.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    yeah, in basketball it's called a head fake. I'm gonna go out on a limb and say for the upcoming week it ends up being down for here. Am I playing a Put on the SLV...NO!!!! So I guess it's all speculation, just like everyone else. Don't hate me just because I will never be a victim of conformity. lol
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • OPAOPA Posts: 17,126 ✭✭✭✭✭
    Less than a 3% move is a NON EVENT. A move of over 5% is an EVENT
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • WingsruleWingsrule Posts: 3,020 ✭✭✭✭
    Silver up 1.02% right nowimage
  • CaptHenwayCaptHenway Posts: 32,274 ✭✭✭✭✭
    All things considered, I would call this a pretty normal Sunday afternoon bump. Nice, but nothing special.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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