SILvER WILL HIT $22.00
pitboss
Posts: 8,643 ✭✭✭
I expect it to happen within the next 2 weeks!
What are your feelings on this?
What are your feelings on this?
0
Comments
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
All I can do is hope.
I think your estimates are on the low side.
I think you are right maybe by as much as $2.00.
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.
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?
Not much has changed. Still paying tuition the same way , except it's almost fifty years later.
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.
I knew it would happen.
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.
The burning question, why or what will cause this event to occur?
Blow up of Deutsche Bank is gonna do the trick.
"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
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.
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.
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
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.
Seems to be several predictions for a silver rise lately.... will be fun to watch. Cheers, RickO
"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
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
And so I face the final curtain.
My friend, I'll say it clear,
I'll state my case, of which I'm certain.
"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."
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
Ten bars $2500
In terms of current spot price. (am not related to, or affiliated with the zero feedback seller)
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.
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.
"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
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)
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.
"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
100% Positive BST transactions
10 4
derryb...something we finally agree on.
10 4
derryb...something we finally agree on.
we agree on many things, you just don't realize it yet.
"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
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.
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?
Knowledge is the enemy of fear
How about $50 by mid November.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
100% Positive BST transactions
I knew it would happen.
Are we there yet?
No, and in fact I am turning this car around and we're heading back to where we came from
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.
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.
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.
Knowledge is the enemy of fear
A nice recovery and decent run.
But let's look at it for 15 years.
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.