SILvER WILL HIT $22.00

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pitboss
pitboss Posts: 8,643 ✭✭✭
in Precious Metals
I expect it to happen within the next 2 weeks!
What are your feelings on this?
«1

Comments

  • PerryHall
    PerryHall Posts: 47,752 ✭✭✭✭✭
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    I think your estimates are on the low side.

    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

  • MorganMan94
    MorganMan94 Posts: 1,331 ✭✭✭✭✭
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    I am predicting a $2 change... the other way.
  • tneig
    tneig Posts: 1,505 ✭✭✭
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    Up is good.
    All I can do is hope.
    COA
  • pitboss
    pitboss Posts: 8,643 ✭✭✭
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    Originally posted by: PerryHall
    I think your estimates are on the low side.


    I think you are right maybe by as much as $2.00.

  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    Originally posted by: pitboss

    Originally posted by: PerryHall

    I think your estimates are on the low side.




    I think you are right maybe by as much as $2.00.







    The burning question, why or what will cause this event to occur? More nations leaving the EU? Short of that happening, I don't see another 10% in 2 weeks as predicted.

    Don't get me wrong, I hope your intuition is correct, but short of another Brexit event I don't see it it because there definitely is no shortage of product.

    I went to coin show that last month barely had any bullion being offered. Today...it was more of a bullion show than a coin show.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • BAJJERFAN
    BAJJERFAN Posts: 31,659 ✭✭✭✭✭
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    Originally posted by: piecesofme

    Originally posted by: pitboss

    Originally posted by: PerryHall

    I think your estimates are on the low side.




    I think you are right maybe by as much as $2.00.







    The burning question, why or what will cause this event to occur? More nations leaving the EU? Short of that happening, I don't see another 10% in 2 weeks as predicted.

    Don't get me wrong, I hope your intuition is correct, but short of another Brexit event I don't see it it because there definitely is no shortage of product.

    I went to coin show that last month barely had any bullion being offered. Today...it was more of a bullion show than a coin show.




    What was the reason for almost no bullion being at the show last month?
    theknowitalltroll;
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    It hit that price a long time ago. It's boring , by now. I was paying my tuition at Prep high school in the seventies , flipping Morgans for $20 to $25.
    Not much has changed. Still paying tuition the same way , except it's almost fifty years later.
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    The burning question, why or what will cause this event to occur?

    Riots at the Republican convention in Cleveland could add momentum. Any number of things, and there's enough potential problems around that there will be plenty of anxiety in the air for the forseeable future.

    I don't know about a $22.00 target within 2 weeks, but it's believable.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Seems to be several predictions for a silver rise lately.... will be fun to watch. Cheers, RickO
  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    Originally posted by: jmski52

    The burning question, why or what will cause this event to occur?



    Riots at the Republican convention in Cleveland could add momentum. Any number of things, and there's enough potential problems around that there will be plenty of anxiety in the air for the forseeable future.



    I don't know about a $22.00 target within 2 weeks, but it's believable.




    You talk about riots as if they've already happened. But I do see what you're saying.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    Originally posted by: jmski52
    The burning question, why or what will cause this event to occur?


    Blow up of Deutsche Bank is gonna do the trick.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • VanHalen
    VanHalen Posts: 4,330 ✭✭✭✭✭
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    Originally posted by: TwoSides2aCoin

    It hit that price a long time ago. It's boring , by now. I was paying my tuition at Prep high school in the seventies , flipping Morgans for $20 to $25.

    Not much has changed. Still paying tuition the same way , except it's almost fifty years later.




    Question: When in the seventies? Average circulated, generic Morgans do bring $20 to $25 these days. I remember selling 90% at 3X fv when I was a teen in '78 and Morgans were nowhere near $25 unless they were choice BU.



  • johnny9434
    johnny9434 Posts: 34,068 ✭✭✭✭✭
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    since were specialist here i think it will stay steady.
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    Originally posted by: VanHalen
    Originally posted by: TwoSides2aCoin
    It hit that price a long time ago. It's boring , by now. I was paying my tuition at Prep high school in the seventies , flipping Morgans for $20 to $25.
    Not much has changed. Still paying tuition the same way , except it's almost fifty years later.


    Question: When in the seventies? Average circulated, generic Morgans do bring $20 to $25 these days. I remember selling 90% at 3X fv when I was a teen in '78 and Morgans were nowhere near $25 unless they were choice BU.



    Prep rears doctors and lawyers. Trust me, they were BU. image

    I was a freshman in '69, and this was between then and '73...
    I would pick up a lot of Morgans in the "$5 to $10 range" in high grades. The eyes never lie. So when I had to pay up for a coin back then that I could flip to my neighbor or possibly trade for some IHC's for what I'd initially chased after as a kid... Not that Wheaties , Mercs, and Washington quarters weren't a lot easier and fun, but the schooling was expensive and I had to pay my own in a big family. So , I found ways to try and curtail those costs.
    Coins were most fun from 1964 to about 1973 for me.... but that's a long story and we don't want to go there, today image
  • pitboss
    pitboss Posts: 8,643 ✭✭✭
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    It has been a slow and steady climb but is getting there.
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    The floor was November, me thinks. Now there's a new floor. And it's higher than I ever predicted.
  • Goldders
    Goldders Posts: 28 ✭
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    don't know what to expect now! http://kingworldnews.com/50-ye...it-new-all-time-highs/
    Never stop stacking
  • coinspacks
    coinspacks Posts: 1,230 ✭✭✭✭✭
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    I hope it hits $50 but have been disappointed before.
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    When there's a glut, there's a glut. It usually drops the prices, not increases it. The glut, that is.
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    Originally posted by: TwoSides2aCoin
    When there's a glut, there's a glut. It usually drops the prices, not increases it. The glut, that is.


    10 4. And there is a major glut in silver with a lack of willing buyers at current prices. Even sales of the American Silver Eagles are slowing down drastically. We need to get used to a $20 silver spot price for a while before it can break loose. My guess, $22 silver is not in the cards at this time, but $18 is a possibility.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • tneig
    tneig Posts: 1,505 ✭✭✭
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    What made it go up big the only other 2 times in the last 15 years?

    Originally posted by: ricko
    Seems to be several predictions for a silver rise lately.... will be fun to watch. Cheers, RickO


    COA
  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    While a couple of bucks can be made in the short term, the long haul will pay handsomely.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • OperationButter
    OperationButter Posts: 1,672 ✭✭✭
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    Sorry to be against you all, but Im hoping for much lower prices for the next few years. I still havent finished accumulating the oz target that I want. The cheaper the better. Cheers 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
  • tneig
    tneig Posts: 1,505 ✭✭✭
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    And now, the end is near;



    And so I face the final curtain.


    My friend, I'll say it clear,


    I'll state my case, of which I'm certain.
    COA
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    Per Coin update 7/18....

    "The U.S. Mint’s authorized purchasers (AP’s) bought 445,000 of last week’s 3,649,500-ounce allocation of 2016 American Eagle silver bullion coins, leaving 3,204,500 unsold. This is the most unsold Silver Eagles we’ve seen so far this year, enough that the Mint sent out a press release today stating it will no longer limit sales of the issues in weekly allocations."
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • DNADave
    DNADave Posts: 7,350 ✭✭✭✭✭
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    Originally posted by: tneig
    And now, the end is near;



    And so I face the final curtain.


    My friend, I'll say it clear,


    I'll state my case, of which I'm certain.


    Franky baby!

    I'm doing it my way
  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    I saw these bars on eBay and wondered if the mark-up is too high ?



    Ten bars $2500



    In terms of current spot price. (am not related to, or affiliated with the zero feedback seller)
  • TopographicOceans
    TopographicOceans Posts: 6,535 ✭✭✭✭
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    Has anyone informed silver yet?
  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    Originally posted by: OPA

    Per Coin update 7/18....



    "The U.S. Mint’s authorized purchasers (AP’s) bought 445,000 of last week’s 3,649,500-ounce allocation of 2016 American Eagle silver bullion coins, leaving 3,204,500 unsold. This is the most unsold Silver Eagles we’ve seen so far this year, enough that the Mint sent out a press release today stating it will no longer limit sales of the issues in weekly allocations."




    I take that as dealers saying they're not even willing to pay the preimum for the most over-rated "coin" ever made.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • BAJJERFAN
    BAJJERFAN Posts: 31,659 ✭✭✭✭✭
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    Originally posted by: piecesofme

    Originally posted by: OPA

    Per Coin update 7/18....



    "The U.S. Mint’s authorized purchasers (AP’s) bought 445,000 of last week’s 3,649,500-ounce allocation of 2016 American Eagle silver bullion coins, leaving 3,204,500 unsold. This is the most unsold Silver Eagles we’ve seen so far this year, enough that the Mint sent out a press release today stating it will no longer limit sales of the issues in weekly allocations."




    I take that as dealers saying they're not even willing to pay the preimum for the most over-rated "coin" ever made.




    Or they don't want to buy what they can't sell. Maybe they can get enough inventory at $1.60 over so they don't need much from the mint. At least one AP is paying $1.60 over for MBs of 2016s and selling at $2.17 over for 2 or more MBs of 2016s.
    theknowitalltroll;
  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    slow down in retail demand equals slow down in wholesale demand. APs are pretty well stocked, for now. Sudden rise or fall in silver will change that.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    Originally posted by: pitboss
    I expect it to happen within the next 2 weeks!
    What are your feelings on this?


    Did not happen, however it appears to be going the opposite direction. I did manage to sell a bunch of $15 silver for a decent profit. (Just like playing the stock market...which I believe is now overpriced)
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    Originally posted by: piecesofme
    Originally posted by: OPA
    Per Coin update 7/18....

    "The U.S. Mint’s authorized purchasers (AP’s) bought 445,000 of last week’s 3,649,500-ounce allocation of 2016 American Eagle silver bullion coins, leaving 3,204,500 unsold. This is the most unsold Silver Eagles we’ve seen so far this year, enough that the Mint sent out a press release today stating it will no longer limit sales of the issues in weekly allocations."


    I take that as dealers saying they're not even willing to pay the preimum for the most over-rated "coin" ever made.

    AP's will always be willing to pay the premium as long as they believe they can profit. Slow down in mint sales indicates APs' belief is slowing down. Mint bullion sales to APs is a good indicator of future market price perception. Keep in mind that perception is never 100% accurate.

    Over rated? not to the millions and millions who have been buying and continue to buy them since 1986. Over rated is a term more fit for silver bars. image Over sold is more fit for ASEs.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • metalmeister
    metalmeister Posts: 4,633 ✭✭✭✭✭
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    I liked it when it was $35. I remember $50 but it was more a news item as I was still too young to be "investing"
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • OPA
    OPA Posts: 17,166 ✭✭✭✭✭
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    Over rated is a term more fit for silver bars. Over sold is more fit for ASEs.


    10 4
    derryb...something we finally agree on.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • PeacePeople
    PeacePeople Posts: 106 ✭✭
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    Some of you actually believe that retail demand has some bearing on the spot/futures price of silver? Really?
    Nevermind...
  • derryb
    derryb Posts: 38,608 ✭✭✭✭✭
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    Originally posted by: OPA
    Over rated is a term more fit for silver bars. Over sold is more fit for ASEs.


    10 4
    derryb...something we finally agree on.

    we agree on many things, you just don't realize it yet.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • oldstandard
    oldstandard Posts: 387 ✭✭✭
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    Originally posted by: pitboss

    I expect it to happen within the next 2 weeks!

    What are your feelings on this?




    the main driver of metals is people not for just a brexit safe haven. we will see $14 silver again might not be this year. We are just at the start of what will make 2007 and 2008 look like candy this will be a new way of life here in the USA. When as always people get off the phones, Facebook, teewterdidledumb to late to realize it is here the ultimate run in metal will happen. I remember in late 2008 standing line to buy metals when silver hit $9.69, at first when it hits metals will fall also before stating the run. If you bought at $14 $15 $16 $20 it will not matter in the long run but for now the bull market has not began. 2018 people start to realize it 2020 they will know the new life in the USA has just began.

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    Originally posted by: oldstandard
    Originally posted by: pitboss
    I expect it to happen within the next 2 weeks!
    What are your feelings on this?


    the main driver of metals is people not for just a brexit safe haven. we will see $14 silver again might not be this year. We are just at the start of what will make 2007 and 2008 look like candy this will be a new way of life here in the USA. When as always people get off the phones, Facebook, teewterdidledumb to late to realize it is here the ultimate run in metal will happen. I remember in late 2008 standing line to buy metals when silver hit $9.69, at first when it hits metals will fall also before stating the run. If you bought at $14 $15 $16 $20 it will not matter in the long run but for now the bull market has not began. 2018 people start to realize it 2020 they will know it!!!!


    So 2 weeks has become 4 years?

    What's going to happen to the thumb twiddlers?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    $40 by mid November ? Let's go out on a limb now.
  • DoubleEagle59
    DoubleEagle59 Posts: 8,433 ✭✭✭✭✭
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    Out on a limb??

    How about $50 by mid November.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • MilesWaits
    MilesWaits Posts: 5,597 ✭✭✭✭✭
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    GOOOO Platinum!
    Now riding the swell in PM's and surf.
  • metalmeister
    metalmeister Posts: 4,633 ✭✭✭✭✭
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    Metals are getting "frisky" again
    email: ccacollectibles@yahoo.com

    100% Positive BST transactions
  • ricko
    ricko Posts: 98,724 ✭✭✭✭✭
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    Well... no telling what silver will be by years end..... my predictions have almost never come true...however, let me try once again.... Silver = 24.50/November. Cheers, RickO

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    I have much to say, but I'm better off not saying it. It's why I type here. image
  • jmski52
    jmski52 Posts: 24,011 ✭✭✭✭✭
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    Are we there yet?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    Originally posted by: jmski52

    Are we there yet?




    No, and in fact I am turning this car around and we're heading back to where we came from image

    Goes to show just how bad things would have to get, at least in the eyes of people who don't pay attention to how bad it already is.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • oldstandard
    oldstandard Posts: 387 ✭✭✭
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    Originally posted by: piecesofme

    Originally posted by: jmski52

    Are we there yet?






    Goes to show just how bad things would have to get, at least in the eyes of people who don't pay attention to how bad it already is.




    So true and the time is coming and their eyes will never shut again with their new change of life. then we will give the clowns the latest phone and they will be happy and dumber again.

  • RedneckHB
    RedneckHB Posts: 20,236 ✭✭✭✭✭
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    Originally posted by: oldstandard
    Originally posted by: piecesofme
    Originally posted by: jmski52
    Are we there yet?



    Goes to show just how bad things would have to get, at least in the eyes of people who don't pay attention to how bad it already is.


    So true and the time is coming and there eyes will never shut again with their new change of life. then we will give the clowns the latest phone and they will be happy and dumber again.



    I love this place.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TwoSides2aCoin
    TwoSides2aCoin Posts: 45,217 ✭✭✭✭✭
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    Here is the chart for the year, to date.



    image





    A nice recovery and decent run.



    But let's look at it for 15 years.



    image



    It's the most contentious and contemptuous political race and divide I can remember, in my days (this year), but there're a lot of good things happening.

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