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Will it continue?
derryb
Posts: 38,630 ✭✭✭✭✭
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
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Probably.
The "paper" price is generally volatile and over-shoots on the way up and the way down.
Physical in-hand metal prices are less volatile by way of premiums that decrease when the price spikes up, and premiums that increase when the price drops. So I expects premiums will increase somewhat from here.
ZSL ETF can be a very powerful tool for hedging silver exposure and for speculating on a decline of silver spot price.
AGQ ETF is a good tool for the opposite reason and for speculating on the rise of spot silver price.
Both are leveraged ETFs that move twice the percentage of spot price movement. Both offer opportunity (and risk) of going long or short with a paper product.
Silver is currently a revolving door. This leads to increased volatility that offers opportunity. Silver ETfs provide the easiest and quickest way to take advantage of this volatility. Yes, the long term stackers of physical silver will make money - in the long term. ETFs offer the chance to make money in the short term when the price of silver goes up AND when it goes down. The only requirement is a successful choice on spot price movement and the reversal of that movement. My choice of weapons is SLV. For a greater (or lesser) return I use the leverged ETFs. I go with AGQ for upward silver prices and ZSL for declining silver prices.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
Yup ..... I took profits today on my paper hedge as well as bought a lot of physical on the dip!!! Gonna probably long the paper now as I believe silver is over-sold as I had support on the short side pegged at $56 spot and I will just continue to buy the dips on physical. Will collar the paper as well until I see a definitive move either way. 😎
🇺🇸 Harlequin
harlequinnumismatic@gmail.com
Home of the Americana Collection of USA silver coins
It might be time to average in.
I knew it would happen.
It’s not ceased. So, yes.
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
Dips and even a CRASH are needed just like a forest fire. It's healthy for the landscape. Opportunity! Especially for the dedicated.
COPPER is gutter !
Yup, it's a no brainer. They don't call it Gutter metal for nothing. LoLz! THKS!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Who is "they"? You're the only one that calls it gutter. Lolz.
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
We can all expect that the bottom has been hit once BTC waltzes in.
COPPER is gutter !
Sez the kid who was going all in gutter at $100+ lolz. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Nope. I'm DCA'd quite nicely. lolz more crapola from you just like your coin shop "visits" hahaha you should invent a SPAM like product made from doo doo. Your raw materials would be sourced with endless no cost.
COPPER is gutter !
He will never change his tune simply because he will never recover his losses.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
Yes sir, you pegged him exactly right. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
I will say the constant bickering and personal jabs has made the precious metals board really tough for me to keep coming back to.
I expect a turnaround in pms within a couple of weeks.
I knew it would happen.
I do too. Especially going forward. How could you not? We all see the cost of everything.
COPPER is gutter !
I locked in buying a few ounces at $50 and I don't have to pay for them until the first Tuesday of next month.
Maybe someone knows something But I feel like it was a good time to get a little bit more weight.
Will know in the future if I guessed correctly...my crystal ball still in the repair shop.
It would have to get a lot lower to help my cost average.
If we're running industrial deficits for the last six years so you'd expect prices would rise, The $120 was based on speculation so I didn't expect it to hold. Someone mentioned a drop to $45 earlier this year but my thought was "no way". But now that it's broken $60 I'm not so sure breaking $50 is all that far fetched.