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$35 sure seems like a new ceiling for silver

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  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>As Rodney"The Pinata" King said...can't we all just get along? >>



    What gives you the impression that we don't? We all have our own lives and it's perfectly normal to disagree. For the most part, this forum is not censored. image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Kudos to Wingsrule! He called it back to back times now. Gotta give props when they're due...even if him & I don't see eye to eye sometimes (said under my breath) image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    Come on back, LA, you are forgiven for suggesting gold need only be miniscule percentage of someones portfolio! Right around $700 or $800, I believe.

    Besides that, Miles - he was predicting that gold would rise at the time! Why wouldn't he take the next step - of actually nudging people into an investment stance that protected them a little better against the Fed's dilution of the dollar's purchasing power?

    I do think that MoneyLA was taking his position of influence in the media so seriously that he simply couldn't afford to be caught making grossly bad recommendations to his audience. In so doing, I think that standing firm with a 5% portfolio precious metals component was a somewhat misguided recommendation. That of course depends on what he told his people to do with the other 95% of the portfolio.

    He probably thought we were just another bunch of investment hacks on a precious metals chat board.image I do miss trying to sway him to a more positive view toward precious metals tho.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • SpoolySpooly Posts: 2,108 ✭✭✭
    I took a couple of days off....... a lot of drama in this thread. Glad to see everything has settled down.
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    Intraday swings over $1 again in Silver
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • Friday will be the big-move day where it closes solidly over $35. The nonfarm payrolls will fail to meet forecasts...again.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Intraday swings over $1 again in Silver
    you forgot to go on to say...equals opportunity. image

    edit for spelling
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭
    Which floor are we on ?
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,365 ✭✭✭✭✭


    << <i>I do think that MoneyLA was taking his position of influence in the media so seriously that he simply couldn't afford to be caught making grossly bad recommendations to his audience. In so doing, I think that standing firm with a 5% portfolio precious metals component was a somewhat misguided recommendation. That of course depends on what he told his people to do with the other 95% of the portfolio.

    He probably thought we were just another bunch of investment hacks on a precious metals chat board.image I do miss trying to sway him to a more positive view toward precious metals tho.
    >>



    I have not thought of MoneyLA in ages. His recommendation of 5% tops in gold struck me as odd even when I was a novice stacker in 2009-2010. That was one recommendation I am glad I ignored.

  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭


    << <i>Friday will be the big-move day where it closes solidly over $35. The nonfarm payrolls will fail to meet forecasts...again. >>



    And that will make silver go up why?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    because it means there aren't more people working and the economy is not growing and the system is broke and trust gone and what matters is not growing assets, but storing them for later because they're printing more money even though more people aren't working and the economy is not growing, because the sytem is broke and trust is gone except trust in pieces of metal which represent universal value and say in god we trust right on them and have pictures of birds and great men just like the egyptions did and that's quite a track record for gold and its little space brother silver

    Liberty: Parent of Science & Industry

  • BarndogBarndog Posts: 20,492 ✭✭✭✭✭


    << <i>Friday will be the big-move day where it closes solidly over $35. The nonfarm payrolls will fail to meet forecasts...again. >>



    won't there be an executive order proclaiming that payrolls swelled well beyond expectations? image
  • WingsruleWingsrule Posts: 3,011 ✭✭✭✭
    Barndog, I thought they were saving that for next month?image
  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    because it means there aren't more people working and the economy is not growing and the system is broke and trust gone and what matters is not growing assets, but storing them for later because they're printing more money even though more people aren't working and the economy is not growing, because the sytem is broke and trust is gone except trust in pieces of metal which represent universal value and say in god we trust right on them and have pictures of birds and great men just like the egyptions did and that's quite a track record for gold and its little space brother silver

    You forgot the part about people being afraid of the massive marxist takeover of huge chunks of the economy, massive bailouts for corrupt banks, corrupt unions and crony capitalists and the general fear that there is no way to get a fair shake investing in anything unless you have intimate knowledge of the company or inside information. Other than that, the "money-printing-to-buy-toxic-debt-and-then-dump-it-on-the-taxpayers-thing" is a tad bit worrisome as well.

    What could possibly go wrong?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    left a little meat on the bone of the explanation image you're welcome image

    Liberty: Parent of Science & Industry

  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    I was just warming up.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    corrupt unions

    that's all you really needed to say image
    I think I've made my position known on unions. I'll leave it at that.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    Good work tonight guys. Very humorous.

    HAHAHAHA
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>because it means there aren't more people working and the economy is not growing and the system is broke and trust gone and what matters is not growing assets, but storing them for later because they're printing more money even though more people aren't working and the economy is not growing, because the sytem is broke and trust is gone except trust in pieces of metal which represent universal value and say in god we trust right on them and have pictures of birds and great men just like the egyptions did and that's quite a track record for gold and its little space brother silver >>



    I agree with this but I have to say, this is one long run on sentence image
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • AmigoAmigo Posts: 966

    After the disappointing job numbers come out, and right after Silver begins climbing is when they'll do the first of 3 margin increases
  • mikeygmikeyg Posts: 1,002





    Hey wait did old east side say he got $100 for 3 ounces??hmmm xxxx ounces divided by 3 x $100=oh man I better sell right now.But wait....provident is selling maples for $37.65? Crap everytime I am going to get out,they suck me back in again.I'm buying.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>Hey wait did old east side say he got $100 for 3 ounces??hmmm xxxx ounces divided by 3 x $100=oh man I better sell right now.But wait....provident is selling maples for $37.65? Crap everytime I am going to get out,they suck me back in again.I'm buying. >>



    2012 .. got me a roll for $36.71 per coin. $917.75 + $11.95 s&h
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>But wait....provident is selling maples for $37.65? Crap everytime I am going to get out,they suck me back in again.I'm buying. >>



    Thanks for pointing out the sale. Just got a roll!
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>Kudos to Wingsrule! He called it back to back times now. Gotta give props when they're due...even if him & I don't see eye to eye sometimes (said under my breath) image >>



    I must have missed it. What did he call correctly? All I know, he refuses to vacate my # 20 position. I'm going to have do something about that. image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>

    << <i>Kudos to Wingsrule! He called it back to back times now. Gotta give props when they're due...even if him & I don't see eye to eye sometimes (said under my breath) image >>



    I must have missed it. What did he call correctly? All I know, he refuses to vacate my # 20 position. I'm going to have do something about that. image >>


    I've been catching a lot of flack for a long time with my long standing mega bull outlook on silver. How about some credit before the bottom falls out. . . again.

    "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 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Kudos to Wingsrule! He called it back to back times now. Gotta give props when they're due...even if him & I don't see eye to eye sometimes (said under my breath) image >>



    I must have missed it. What did he call correctly? All I know, he refuses to vacate my # 20 position. I'm going to have do something about that. image >>


    I've been catching a lot of flack for a long time with my long standing mega bull outlook on silver. How about some credit before the bottom falls out. . . again. >>



    If it makes you feel better, I'll give you credit for some of your most recent insane silver forecasts.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>I've been catching a lot of flack for a long time with my long standing mega bull outlook on silver. How about some credit before the bottom falls out. . . again. >>




    << <i>If it makes you feel better, I'll give you credit for some of your most recent insane silver forecasts. >>


    Like the $50 one last year well before it hit $49 and dropped back (the one I lost the bet on with you by $1)?

    Like Bill Gross, I'm premature (or the FED's slower than I give them credit for). I have no doubt we will see $100 silver in the next two years.

    "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 ✭✭✭✭✭
    I believe, silver hitting $75 this year, was also one of your "masterpieces" ... I may be wrong, it could have been projected by someone else with a broken crystal ball.image

    Yes, you were close last year, but I don't believe anyone forecast the nose dive that it took afterwards.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭


    << <i>I believe, silver hitting $75 this year, was also one of your "masterpieces" ... I may be wrong, it could have been projected by someone else with a broken crystal ball.image

    Yes, you were close last year, but I don't believe anyone forecast the nose dive that it took afterwards. >>



    I do believe there was some discussion on how parabolic bubbles have a tendency to correct by at least 50%. image

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    If you and Baley will quit shorting it maybe we can see $75. image

    "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

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    $35 guys. $35 might as well be an unpenetrable wall of kevlar. To even think about anything higher than breaking thru this barrier is getting way ahead of oneself.
    Calling a $ value by a certain time isn't worthwhile, it's what it's doing now...where it's at in its current move, the barriers it has to overcome before going to the next leg, either direction, is all that matters to me.
    Maybe that's micro-managing it, but it's what works for me. I just can't buy into looking out any longer than 3 months these days. Historical charting and values and the way it re-acted to certain events is all good to know, but I feel the moves Silver has done, i'll even say in the last 4 years, has been uncharacteristic of what it did 4 years before that. So why should the next 4 years be characteristic of these past 4 years? The only thing I am sure of, is that it wont be.
    Everything has changed, except for some people minds. Until your approach is based on the assumption that similar factors will not make the value react the same way, some will suffer blindly and ask why did it do that.
    We can only be reactionary, because I'll go out on a limb and say that, no one here can or will control enough of the market to know for sure what will happen next, hence, all we can do is react rather than be proactive. Being too proactive can burn the hell out of you if you are not very careful and mindful of what is at stake.
    I don't know if that makes any sense to all here, but it's the best I guess I can explain it because once again, it's all jmho.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    $35 is peanuts. image

    "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

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    No, $35 is what it's currently having a very hard time getting past, and then building upon.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>

    << <i>I believe, silver hitting $75 this year, was also one of your "masterpieces" ... I may be wrong, it could have been projected by someone else with a broken crystal ball.image

    Yes, you were close last year, but I don't believe anyone forecast the nose dive that it took afterwards. >>



    I do believe there was some discussion on how parabolic bubbles have a tendency to correct by at least 50%. image >>



    True, but those discussions occurred after the silver bubble burst.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    $70 sure seems like a new ceiling for PCYC image

    Liberty: Parent of Science & Industry

  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>$70 sure seems like a new ceiling for PCYC image >>



    If only PM's could do 1/4 as well in a 12 month time frame....
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • ClosedLoopClosedLoop Posts: 1,077 ✭✭✭
    $35image
    figglehorn
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>$35image >>



    Seen this numerous times before....what counts is the closing price. "The fat lady hasn't sung yet."
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    $35 image

    Yeah, I get it, but now follow thru on it. I think $35.50 has been attained in this recent run and basically $35 has been fell back from going on 6 times now I think on this current run. If it can't break thru to the next leg at this point, I feel it's headed back down to who knows where...$30-31 seemed to be a solid floor.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • tneigtneig Posts: 1,505 ✭✭✭
    Yup Peices! It will go higher and I'm waiting for that hole (likely after the election) for adding to both pots.
    Gomer to Andy: Buy Andy, Buy, Buy, Buy, Buyyyyy....
    COA
  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    It keeps testing that $35 mark. Very interesting to watch
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭


    << <i>It keeps testing that $35 mark. Very interesting to watch >>



    Surely. Its gonna suck in a bunch of stackers on its run to $38, then collapse back down to $30 creating more disillusionment.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>

    << <i>It keeps testing that $35 mark. Very interesting to watch >>



    Surely. Its gonna suck in a bunch of stackers on its run to $38, then collapse back down to $30 creating more disillusionment. >>


    could create profits for those paying attention.

    "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: 19,143 ✭✭✭✭✭
    Orders already placed.image

    But I do feel for J6P who spends 2 hours of his time buying a little chunck of silver.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>Orders already placed.image

    But I do feel for J6P who spends 2 hours of his time buying a little chunck of silver. >>


    Amen, but paper orders only for me.

    "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

  • Are we getting Bearish?

    Are Tops appearing in your chart dreams ? Or are hedgies getting itchy trigger fingers?


    Is the need for a quick Bear Raid profit about to cause a decision !


    It took me 45 minutes to buy my 4 little chunks of Silverimage
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • The big Silver bam moment is upon us, the teeth are clinched, the heart rate is up, the need to relax is apparent but unlikely to happen while the suspense hangs in the air so thick.

    Facing the screen flipping from chart to chart, reaching, searching quickly for the ultimate clincher that tells me I'm right....
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    close, but no cigars today. Maybe tomorrow
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>Friday will be the big-move day where it closes solidly over $35. The nonfarm payrolls will fail to meet forecasts...again. >>



    I need to learn to act and not react at some of the wild remarks made on this forum. Payroll figures came in much better than expected, and initially dragged down PM prices, which at this time have recovered most of their losses.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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