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̶$̶2̶0̶ ̶$̶3̶0̶$̶4̶0̶ ̶$̶5̶0̶ ̶$̶4̶0̶ ̶$̶3̶0̶ ̶$̶2̶5 $33 Gutter Metal?

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  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    Today:

    Gold +0.24%

    Silver +1.03%

    Get used to it.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭

    @jmski52 said:
    Today:

    Gold +0.24%

    Silver +1.03%

    Get used to it.

    LOL guess you must have had amnesia yesterday. I'm used to another all-time high. THKS GLD!

    The whole worlds off its rocker, buy Gold™.

  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭
    edited September 24, 2024 8:44AM

    @jmski52 said:
    Today:

    Gold +0.24%

    Silver +1.03%

    Get used to it.

    LOL guess you must have had amnesia yesterday. I'm used to another all-time high.

    Au - New All-time high
    Gutter = Half its 4 decade ago high

    Get Used to it. THKS GLD!

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @cohodk said:
    Why is it always "the mother of all"?

    because it is a perfect example of a cup and handle chart? LOL

    "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

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @blitzdude said:

    @jmski52 said:
    Today:

    Gold +0.24%

    Silver +1.03%

    Get used to it.

    LOL guess you must have had amnesia yesterday. I'm used to another all-time high. THKS GLD!

    Suspect you are what is high. Sniffing aluminum 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

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    Today (Update):

    Gold +1.17%

    Silver +5.13%

    Glad I bought some more silver this morning when it was only up 1.03%.

    Get used to it.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭

    Buy High, Stack on Jim.

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @blitzdude said:
    Buy High, Stack on Jim.

    In 2009 $9 silver was considered high. . . until it hit $50 three years later.

    "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

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    @blitzdude - what's wrong? Did you panic and sell your SLV too low, again?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @jmski52 said:
    @blitzdude - what's wrong? Did you panic and sell your SLV too low, again?

    He doesn't realize he should be using AGQ to buy paper.

    "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

  • dcarrdcarr Posts: 8,469 ✭✭✭✭✭

    @jmski52 said:
    @blitzdude - what's wrong? Did you panic and sell your SLV too low, again?

    .

    I don't believe anything he writes.
    I wouldn't be surprised if he has sold short a lot of silver in recent months.

    He claims to have an engineering/science degree and work experience in that.
    But he makes up numbers to suit his narrative.
    That is exactly the OPPOSITE of what a real scientist or engineer would do.

    .

  • meluaufeetmeluaufeet Posts: 764 ✭✭✭

    I believe rising inflation for the next couple of months is being priced in... nat gas and copper is bullish.

  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭

    @dcarr said:

    @jmski52 said:
    @blitzdude - what's wrong? Did you panic and sell your SLV too low, again?

    .

    I don't believe anything he writes.
    I wouldn't be surprised if he has sold short a lot of silver in recent months.


    Sorry, down to a measly 1010.86 shares of the paper gutter. 2 IRAs and a Robinhood for fun crypto/garbage stock account. THKS!

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    Stack on Jim.

    Jim is my older brother, so it's not the slur you intended when you continue to call me Jim out of pure ignorance. It's a compliment.

    I've bought significant lots of silver 3 times in the past month, and I've had Jim add significantly to his stack twice in the past month.

    Silver is leaving gold in the dust. An all-time high in gold is somewhat irrelevant to what's happening in realtime.

    Pay attention and learn, grasshopper. :)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • dcarrdcarr Posts: 8,469 ✭✭✭✭✭

    @blitzdude said:

    @dcarr said:

    @jmski52 said:
    @blitzdude - what's wrong? Did you panic and sell your SLV too low, again?

    .

    I don't believe anything he writes.
    I wouldn't be surprised if he has sold short a lot of silver in recent months.


    Sorry, down to a measly 1010.86 shares of the paper gutter. 2 IRAs and a Robinhood for fun crypto/garbage stock account. THKS!

    .

    Ok, good for you then.

    Personally, SLV is useless for me. If I buy silver, it is usually at a coin show or local shop. I need actual silver, not a paper receipt that can't be traded in for actual silver.

    High-frequency trading is a crap-shoot. If I want to gamble, I'd rather play cards at the casino.

    .

  • Clackamas1Clackamas1 Posts: 961 ✭✭✭✭✭
    edited September 24, 2024 5:18PM

    I can see why some people don't like silver vs. gold. It is bulky in meaningful quantities, e.g. hundreds of thousands worth, a 1000oz bar is a low range new car but the performance is there in appreciation and that is why I own both.

  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭

    @dcarr said:

    @blitzdude said:

    @dcarr said:

    @jmski52 said:
    @blitzdude - what's wrong? Did you panic and sell your SLV too low, again?

    .

    I don't believe anything he writes.
    I wouldn't be surprised if he has sold short a lot of silver in recent months.


    Sorry, down to a measly 1010.86 shares of the paper gutter. 2 IRAs and a Robinhood for fun crypto/garbage stock account. THKS!

    .

    Ok, good for you then.

    Personally, SLV is useless for me. If I buy silver, it is usually at a coin show or local shop. I need actual silver, not a paper receipt that can't be traded in for actual silver.

    High-frequency trading is a crap-shoot. If I want to gamble, I'd rather play cards at the casino.

    .

    I really don't think Blitz or anyone on this forum is doing high frequency trading.

    https://seekingalpha.com/article/4449351-high-frequency-trading?gad_source=1&gclid=Cj0KCQjwxsm3BhDrARIsAMtVz6OUFMBNdNxFx6Zma0eiMNGd2UCLZ4LEdP7mTtsYR8sPmIADVxaqtOAaApSlEALw_wcB&hsa_acc=5428037747&hsa_ad=708354965403&hsa_cam=20702154181&hsa_grp=168191369496&hsa_kw=&hsa_mt=&hsa_net=adwords&hsa_src=g&hsa_tgt=dsa-2222311224946&hsa_ver=3&internal_promotion=true&utm_campaign=21731513962&utm_medium=cpc&utm_source=google&utm_term=168191369496^dsa-2222311224946^^708354965403^^^g

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭

    @jmski52 said:
    Today (Update):

    Gold +1.17%

    Silver +5.13%

    Glad I bought some more silver this morning when it was only up 1.03%.

    Get used to it.

    Morning Jim. :ROLL RGDS!

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    For the numerically-challenged

    +5.13% > 0.78%

    Learn math and you might fare a little better.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭

    @derryb said:

    @blitzdude said:
    Buy High, Stack on Jim.

    In 2009 $9 silver was considered high. . . until it hit $50 three years later.

    Silver was not considered high in 2009....as it had backed off from $20 in 2008 , when it was considered high.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭
    edited September 25, 2024 2:17PM

    @jmski52 said:
    For the numerically-challenged

    +5.13% > 0.78%

    Learn math and you might fare a little better.

    OK Jim lets try this again:

    Gold 3/1/2012 $1721.00 today $2656.70

    Gutter 3/1/2012 $34.56 today $31.77

    Damn near 13 years later and you're still in the hole. Stack on. THKS! :joy:

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    edited September 25, 2024 5:49PM

    March 1, 2012 - is THAT when you bought your silver? No wonder you can't say a nice thing about it. Maybe you should keep playing in the SLV sandbox. You really shouldn't be allowed to handle real money if that's how you manage it.

    I've added $2,000 face in recent months and my overall average cost is still only $17.23 per ounce. I may continue to add more, since the fundamentals look good to me right now.

    My gold has done better for the past few years, so what? It's called "rotation", and silver is next.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • AzurescensAzurescens Posts: 2,747 ✭✭✭✭✭

    @derryb said:

    @blitzdude said:
    Buy High, Stack on Jim.

    In 2009 $9 silver was considered high. . . until it hit $50 three years later.

    I remember wanting to sell my stack when the economy tanked but I remember thinking nah, just in case.. well, turns out I needed the money much more by the time 2012 rolled around, and was shocked silver was $50. I sold almost everything. I have no regrets at all.

    Though, I really only recently realized how this had nothing to do with foresight, skill, or careful planning. I kinda just fell into it. But, it was still great. I'm very glad to have stacked when I did and sold when I did.

  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭

    @jmski52 said:
    I've added $2,000 face in recent months and my overall average cost is still only $17.23 per ounce. I may continue to add more, since the fundamentals look good to me right now.

    That a boy Jim. Keep on buying high. It's almost 2012 again. Don't forget to sell this time. :smiley: RGDS!

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    That a boy blitzie, keep giving advice on silver. LOL

    "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

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    Today:

    Gold +0.94%

    Silver +2.50%

    Do you see a pattern here? Silver is just getting started, blitzie.

    Get used to it.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭

    I see a pattern alright, Au painting all-time highs and your gutter stuck in the hole half wat it was worth 4 decades ago. Stack on Jim. THKS!

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    edited September 26, 2024 7:40AM

    @blitzdude said:
    I see a pattern alright, Au painting all-time highs and your gutter stuck in the hole half wat it was worth 4 decades ago. Stack on Jim. THKS!

    you apparently don't see the profit in volatility. While gold maintains dollar value and nothing more, silver provides investment opportunity. Done properly a stack through reinvestment grows at no cost. So while you're casting stones at others by assuming they paid out of pocket for all the silver they hold they are laughing all the way to the cash out.

    "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: 19,127 ✭✭✭✭✭

    More mental gymnastics.

    Everything has a cost. You may account for it anyway you see fit, bit it still has a cost.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    More mental gymnastics.

    I see a pattern alright, Au painting all-time highs and your gutter stuck in the hole half wat it was worth 4 decades ago. Stack on Jim. THKS!

    The only gymnastics that blitzie is capable of is the sandbox. Only derision and trolling.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    @jmski52 said:
    More mental gymnastics.

    I see a pattern alright, Au painting all-time highs and your gutter stuck in the hole half wat it was worth 4 decades ago. Stack on Jim. THKS!

    The only gymnastics that blitzie is capable of is the sandbox. Only derision and trolling.

    but coho always has his back. two peas in a pod.

    "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

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭
    edited September 26, 2024 10:15AM

    blitzie can't stand it because someone is making money in silver by knowing when and how to buy. Simple as that.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭

    @derryb said:

    @blitzdude said:
    I see a pattern alright, Au painting all-time highs and your gutter stuck in the hole half wat it was worth 4 decades ago. Stack on Jim. THKS!

    you apparently don't see the profit in volatility. While gold maintains dollar value and nothing more, silver provides investment opportunity. Done properly a stack through reinvestment grows at no cost. So while you're casting stones at others by assuming they paid out of pocket for all the silver they hold they are laughing all the way to the cash out.

    Yeah I profit in volatility with the SLV, click, click while you and Jim be fumbling around with tubes of trinkets. You don't know anything other than what Bulguaria Hedge tells you. Keep praying for the end of days and stay hunkered down in the ole bunker there skippy. THKS!

    The whole worlds off its rocker, buy Gold™.

  • dcarrdcarr Posts: 8,469 ✭✭✭✭✭

    @blitzdude said:

    @derryb said:

    @blitzdude said:
    I see a pattern alright, Au painting all-time highs and your gutter stuck in the hole half wat it was worth 4 decades ago. Stack on Jim. THKS!

    you apparently don't see the profit in volatility. While gold maintains dollar value and nothing more, silver provides investment opportunity. Done properly a stack through reinvestment grows at no cost. So while you're casting stones at others by assuming they paid out of pocket for all the silver they hold they are laughing all the way to the cash out.

    Yeah I profit in volatility with the SLV, click, click while you and Jim be fumbling around with tubes of trinkets. You don't know anything other than what Bulguaria Hedge tells you. Keep praying for the end of days and stay hunkered down in the ole bunker there skippy. THKS!

    .

    I think blitzeddude is actually a closet bunker dweller.

    By that I mean, his "bunker" is literally a closet ;)

    Here is a blitzeddude quote from a few years ago in another thread:

    .

    @blitzdude said:
    Now I will many times throw a slabbed collectable coin in the stack provided it's gold or silver and it can be purchased for melt value or less. I love pre-33 US gold for this very reason, I get to stack real money while some out there also believe them to have an additional collectable value. Somewhat of a hedge against the pure bullion play I guess. So long as we don't become some 3rd world country that drifts into total chaos at which time it could be reasonably assumed that all collectable value would totally vanish. But then I still have the Au.

  • blitzdudeblitzdude Posts: 5,894 ✭✭✭✭✭

    @dcarr said:

    @blitzdude said:

    @derryb said:

    @blitzdude said:
    I see a pattern alright, Au painting all-time highs and your gutter stuck in the hole half wat it was worth 4 decades ago. Stack on Jim. THKS!

    you apparently don't see the profit in volatility. While gold maintains dollar value and nothing more, silver provides investment opportunity. Done properly a stack through reinvestment grows at no cost. So while you're casting stones at others by assuming they paid out of pocket for all the silver they hold they are laughing all the way to the cash out.

    Yeah I profit in volatility with the SLV, click, click while you and Jim be fumbling around with tubes of trinkets. You don't know anything other than what Bulguaria Hedge tells you. Keep praying for the end of days and stay hunkered down in the ole bunker there skippy. THKS!

    .

    I think blitzeddude is actually a closet bunker dweller.

    By that I mean, his "bunker" is literally a closet ;)

    Here is a blitzeddude quote from a few years ago in another thread:

    .

    @blitzdude said:
    Now I will many times throw a slabbed collectable coin in the stack provided it's gold or silver and it can be purchased for melt value or less. I love pre-33 US gold for this very reason, I get to stack real money while some out there also believe them to have an additional collectable value. Somewhat of a hedge against the pure bullion play I guess. So long as we don't become some 3rd world country that drifts into total chaos at which time it could be reasonably assumed that all collectable value would totally vanish. But then I still have the Au.

    That slabbed gutter is long gone. Most of the slabbed Pre-33 still resides with me. That was certainly a good play. Thanks for digging that up. Hope you were listening there Cars. Education ultimately brought me back out in the sun and it's a beautiful place out here. Absolutely BOOMIN. RGDS!

    The whole worlds off its rocker, buy Gold™.

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    Today:

    Gold -0.25%

    Silver +0.05%

    Silver is still outperforming gold. The market fluctuates, but that's what's happening now.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • GoldminersGoldminers Posts: 3,992 ✭✭✭✭✭

    Silver is up more than 34% YTD and now at a 12-year high, beating the YTD returns of both gold and the SP500.

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    Silver remains the most volatile of the three, so don't be shocked if your numbers quickly change.

    "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: 19,127 ✭✭✭✭✭

    @derryb said:

    @jmski52 said:
    @blitzdude - what's wrong? Did you panic and sell your SLV too low, again?

    He doesn't realize he should be using AGQ to buy paper.

    But that's a derivative and you've stated numerous times those are bad.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,823 ✭✭✭✭✭
    edited September 30, 2024 7:21AM

    @cohodk said:

    @derryb said:

    @jmski52 said:
    @blitzdude - what's wrong? Did you panic and sell your SLV too low, again?

    He doesn't realize he should be using AGQ to buy paper.

    But that's a derivative and you've stated numerous times those are bad.

    Because of their increased risk I 've state numerous times that the trillion$ held by banks in derivatives is bad, especially interest rate derivatives. Because they stand to much to lose in derivatives, their failure would require bailout at the expense of the taxpayer and the users of the currency. Derivatives must be monitored and traded accordingly and should not be traded with other people's money.

    "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: 19,127 ✭✭✭✭✭

    Hypocritical drivel.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarrdcarr Posts: 8,469 ✭✭✭✭✭
    edited September 30, 2024 10:16AM

    @cohodk said:
    Hypocritical drivel.

    .

    Are you a derivatives salesman ?

    .

  • dcarrdcarr Posts: 8,469 ✭✭✭✭✭
    edited September 30, 2024 10:19AM

    .

    Derivatives make the dominoes top-heavy.

    .

  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭

    @dcarr said:

    @cohodk said:
    Hypocritical drivel.

    .

    Are you a derivatives salesman ?

    Derivatives make the dominoes taller.

    .

    That's not what your interweb says....

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • dcarrdcarr Posts: 8,469 ✭✭✭✭✭
    edited September 30, 2024 10:24AM

    @cohodk said:

    @dcarr said:

    @cohodk said:
    Hypocritical drivel.

    .

    Are you a derivatives salesman ?

    Derivatives make the dominoes taller.

    .

    That's not what your interweb says....

    .

    So you are in the business of selling derivatives.
    What sorts of derivatives do you sell to your clients ?

    .

  • cohodkcohodk Posts: 19,127 ✭✭✭✭✭

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • BLUEJAYWAYBLUEJAYWAY Posts: 9,123 ✭✭✭✭✭

    Paper silver and gold. Sounds like fiat currency with all that paper.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • BLUEJAYWAYBLUEJAYWAY Posts: 9,123 ✭✭✭✭✭

    Assembled a modest hill @12. I'm losing my shirt!😆

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
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