The higher they rise...
REALGATOR
Posts: 2,693 ✭✭✭✭✭
well, you know the rest.
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REALGATOR
Posts: 2,693 ✭✭✭✭✭
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Amazing day.
All comments reflect the opinion of the author, even when irrefutably accurate.
What;s the expression, the market takes the escalator up but the elevator down.
Wow, this will be talked about for a while....
The silver and gold seller crowd will be thinner on the BST.
Silver is back to mid January Yawn.
COPPER is gutter !
You should post that on every thread. Oh... wait... you did.
All comments reflect the opinion of the author, even when irrefutably accurate.
Looks like I have a new puppy dog! lolzzz
COPPER is gutter !
Silver is back to mid January Yawn.
Even after a runup to $5,5500 gold and $121 silver, these drops are a concern. Some entity has an abiding interest in damaging the silver market in particular. I can assure you that those who got their little hands chopped off in the futures market probably won't be back for a good, long time, if ever.
On the other hand, I have no doubt that the central banks will continue to buy gold, and that the silver market will remain in tight supply, regardless of price.
I see a few months of market weakness or uncertainty that still could present some buying opportunities. The market isn't dead, and when the fundamentals re-assert themselves, the trend is still up.
I knew it would happen.
This steep vertical rise was and is the biggest concern all along. We ALL know that rockets never keep going up. Fundamentals of this rise haven't changed at all. But look ... today doesn't even register on a looooong term chart. This isn't 1980 or 2011. This was a BLOWOFF. More steam in the future.
COPPER is gutter !
the rocket has run out of fuel. landing zone is in 45 range
what fundamentals
if there were such a tight supply we'd see silver go to 75 in a flash crash (didn't happen) then rally back up to near where it fell from
this goose is cooked. see you at 45
lolz good luck with that
COPPER is gutter !
120 to 74 but only back up to 85 after the futures closed at the 1:30 settlement time
if it were so constrained, why didn't it get bought back to closer to 120, like 110?
laugh all you want, but the trading session speaks worlds
Ya, good luck with that!
COPPER is gutter !
I'm taking Notes,
Many different views on the subject.
I'll try to retain some knowledge for the next run-up.
I don't know, but this definitely looks like a big player (players) knocking the price down to possibly back up to truck.
I don't know, but this definitely looks like a big player (players) knocking the price down to possibly back up to truck.
There is no doubt that big players are involved. You have to ask yourself, "why are the big players involved?"
It's all about the money.
I knew it would happen.
BST….. bored selling trinkets,
Buy Silver today !
``https://ebay.us/m/KxolR5
Be sure to post this on every thread also. We all understand exactly who you are. You don't need to prove it every day.
All comments reflect the opinion of the author, even when irrefutably accurate.
The above statement is BEYOND CREEPY. 38,000K plus posts means you have too much time on your hands. I bet you are a hoot in numismatics lolzz.
COPPER is gutter !
Buy Silver today !
There are advantages to being "slow on the draw".
I knew it would happen.
Still over $120 in Shanghai.
I thought it would go down $1000
.> @softparade said:
😘😘😘😘
All comments reflect the opinion of the author, even when irrefutably accurate.
If silver settles back to $45 there are probably going to be a lot of folks that will never look at silver (those that bought at $70 ~ $110) as a store of value ever again.
And what about the companies, like Samsung and Tesla, that got into contracts for silver at high prices? Do they back out of the contracts or take the hit? My understanding is the cost of silver with respect to their end product is very small but where the cost represents a significant percentage (solar panels) it's a big bite into their profit margin if they honor those prices.
Just like they did after the 1980 (Baby boomers) and 2011 (gen x) bust. Is this the millennials turn?
Who says they got into contracts at high prices, some guy on a precious metals chattoom?
Knowledge is the enemy of fear
I could not agree more..... Stay tuned for some new buying oportunities.... We have 2000 years of gold and silver being a safe haven in uncertain times.
And what about the companies, like Samsung and Tesla, that got into contracts for silver at high prices? Do they back out of the contracts or take the hit? My understanding is the cost of silver with respect to their end product is very small but where the cost represents a significant percentage (solar panels) it's a big bite into their profit margin if they honor those prices.?
What do you think would happen if those companies decided not to honor those contracts? Who are the contracts with - Comex? A major wholesaler? How easy would it be for those companies to procure silver if they fail to honor those contracts?
I can tell you what would probably happen. Their payment terms would be changed, and their new price quotes would include a premium for potential default. Their supply of silver would become much more tenuous. The attitude would become "we have other ready buyers, good luck".
I knew it would happen.
Shanghai prices for metals will prevail over time. Silver projected to be $150 per ounce in 3-4 months.
Who made this projection?
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
I follow the Shanghai market threads closely. As far as a specific quotes of this projection I can’t give you one. It’s just a general consensus.
As for the Shanghai price it is dictated mainly by the demand of physical silver by the southeast Asian industry that produces solar panels, ev batteries and chip producers for AI, which run 7x24x365. Demand has grown over 10 fold in the last year alone. Without this metal they would shut down or be severely impacted.
And silver is a small percentage of solar panels, it's a high percentage of silver-carbide batteries. There's less than an ounce in a solar panel but a kilogram in a silver-carbide battery.
All comments reflect the opinion of the author, even when irrefutably accurate.
lmao
Yet PV use was flat last year. How did they hide the 10x increase?
All comments reflect the opinion of the author, even when irrefutably accurate.
It was retail "hot money" -- not folks looking for a "store of value." It's the Redditt and WallStreetBets crowd.
Who says they bought high ? Again, most of that buying was retail speculators looking to make a fast buck. No business chases a parabolic move higher.
As far as percentage of cost, 30% of the cost of solar panels is silver, for silver-carbide batteries the silver content represents 5% of the cost.
There are stackers that purchased between $70 - $110 and holding believing silver is going to go much higher. You can find a ton of them in the response on YT to the post talking about $200 silver by the end of the year.
Are you saying that's not possible?
When gold and silver move together, it signals the coming end of fiat money.
No, I’m not saying $200 is not possible. But I was concerned about the meteoric rise in price over the last few weeks. While I think there are structural reasons for a the increase to $120 goes beyond just an increase fueled by physical demand. Leverage buying and then a sharp increase in margin requirements is behind a lot of the volatility versus physical silver demand.
Not remotely accurate. Even at $80, a kilogram of silver is $2400. So, you're saying that a silver carbide battery costs $48,000???
Meanwhile, a residential solar panel has $30 in silver and costs around $200.
Are you sure you didn't flip the numbers?
All comments reflect the opinion of the author, even when irrefutably accurate.
I didn’t say anything about what a solar panel or silver-carbide batteries cost. The issue I point out was the percentage of the cost silver accounts for with respect to total production cost.
Who says they bought high ? Again, most of that buying was retail speculators looking to make a fast buck. No business chases a parabolic move higher.
A small portion was retail, not "most" of the buying. The main demand is coming from industrial users in China and India. Russia and the US are ramping up as well. For someone who professes to know what's going on, you are way off on this one.
I knew it would happen.
Did you hear this directly from those industrial users in China and India? Or from some Joe on the interweb who hear it from his cousins hairdresser who's husband is a mechanic who changed out the brakes in his clients' 1980 Yugo who is an expert in International Monetary Policy?
Knowledge is the enemy of fear
Did you hear this directly from those industrial users in China and India?
It's widely reported. Didn't you hear it from your buddies in the trading room yet?
I knew it would happen.
and again the math you claim says that a silver-carbide battery has a "total production cost" of $48,000. Absolutely ludicrous.
All comments reflect the opinion of the author, even when irrefutably accurate.
Misinformation repeated 1000x is still Misinformation.
Who saw a purchase order from a Chinese company showing that they bought silver? Is this hearsay or heresay?
Knowledge is the enemy of fear
According to one article Samsung’s 100kWh silver-carbide battery cost $15,800 and uses 1 kg of silver, $800 worth of silver at $30 per ounce which is about 5% of the cost. That silver cost is an actual representation of the cost of silver over time, with the exception of the last few months.Even if you push the silver price to $80 it increases the total cost to $18621.00, the silver cost to $2,821 with silver being about 13% of the cost. That still a lower percentage of the cost of silver versus a solar panel (~30%).
Cost per unit will decrease / economies of scale.
A 600 mile range and short charging times are huge game changers.
The savings/efficiency totals a Waymo or Tesla FSD-like operation will accumulate are exponential.
The cost of a kilo of silver becomes trivial in that scenario.
That's 1 big battery. Samsung also noted the new battery will have double the life span of current batteries. When my friend's Prius battery went I think it was like $8K to replace and that was years ago.
1kg of silver at $30 per ounce is $960. But, in case you just woke up, silver is at $90 today which is $2800+. So, again, your number is erroneous.
All comments reflect the opinion of the author, even when irrefutably accurate.
Also safer than lithium based and lighter weight total composition. Considerable energy savings.