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Did silver really go up 2 cents today ?

TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
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  • OPAOPA Posts: 17,104 ✭✭✭✭✭
    Originally posted by: TwoSides2aCoin
    No comment


    Yup..sure did, after dropping 40+ cents yesterday...very impressive move.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • carew4mecarew4me Posts: 3,462 ✭✭✭✭
    “The long-term outlook for silver’s use in industry is exciting. There are numerous new applications for the metal that have the capacity to make a big difference to demand – in time,” said Scotia Mocatta. “Many of these new applications are using nano-technology in which tiny amounts of silver are used per application, but they have potential to be used extensively.”



    spot shmot....lower the better

    for those of us in the physical acquisition stage.....

    Loves me some shiny!
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    The silver market is strange... really low right now, with a good potential for an upside

    swing.... not only is it being used in electronics, but also in clothing as an anti-bacterial

    agent....good time to buy.... Cheers, RickO
  • johnny9434johnny9434 Posts: 27,412 ✭✭✭✭✭
    thats something ill never figure with them guys
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    If it doesn't make image… it doesn't make $
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    paper promises for silver did in fact go up 2 cents today. However, I don't buy promises, I buy delivery. One in the hand is worth more than none in the bush.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    In light of the cost, I'm waiting longer for delivery than usual.
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    Nice correlation today.


    Silver is up $.37
    Gold is up $30.70
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    Originally posted by: TwoSides2aCoin
    Nice correlation today.


    Silver is up $.37
    Gold is up $30.70

    and NUGT up 33.31%, go figure.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Unusual and significant jump for a Friday.... looks like people protecting against something that will become obvious next week.... Cheers, RickO
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    You guys know Fireworks will be up , next month about this time. image
  • cohodkcohodk Posts: 18,554 ✭✭✭✭✭
    Originally posted by: ricko
    Unusual and significant jump for a Friday.... looks like people protecting against something that will become obvious next week.... Cheers, RickO


    Actually the move was in response to domestic and international news released on Friday.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • OPAOPA Posts: 17,104 ✭✭✭✭✭
    Originally posted by: cohodk
    Originally posted by: ricko
    Unusual and significant jump for a Friday.... looks like people protecting against something that will become obvious next week.... Cheers, RickO


    Actually the move was in response to domestic and international news released on Friday.



    That's a big 10 4...once digested over the weekend, reality will prevail this coming week with more of the same swings that we've been accustomed to over the past 6 month's.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    Originally posted by: ricko
    Unusual and significant jump for a Friday.... looks like people protecting against something that will become obvious next week.... Cheers, RickO

    Horrible May jobs report, strong yen, weakening odds of a June rate hike, and bond yields down took their toll on the good ole US greenback. Confidence in the dollar declined, safehaven sought elswhere. Funny money down, reliable money up. Affect of an employment report on the dollar shows just how fragile the currency is becoming.

    Peter Schiff best sums up what more and more people are beginning to realize: ""The [jobs] report provides more proof the recovery is just an illusion. We don't have a real recovery, because we have too much cheap money."

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,554 ✭✭✭✭✭
    There is no lack of confidence in the dollar, except by those consumed by fear caused by lack of confidence in themselves.

    The hyperbole surrounding precious metals investing is its biggest "fundamental".
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    I am confident that you are trapped in your box.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,554 ✭✭✭✭✭
    Originally posted by: derryb
    I am confident that you are trapped in your box.



    Im sure you are. I guess it's just the size of the box that matters. image

    So which direction is the next 10% move in silver?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    Originally posted by: cohodk
    Originally posted by: derryb
    I am confident that you are trapped in your box.



    Im sure you are. I guess it's just the size of the box that matters. image

    So which direction is the next 10% move in silver?


    Wall thickness is equally important. image

    PM correction in the near term, the percentage will validate a longer term view.



    The decline from democracy to tyranny is both a natural and inevitable one.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    Could I go out on a limb and predict the next 10% move will be to the upside ? Don't take it as investment advice, please image And don't hold me to it, ladies and gents. It could go down to $14, or lower. I'm not a prognosticator and the data today doesn't give me much to go on. It's like looking at old photographs when my skin wasn't wrinkled.
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    $17 ? I thought the floor was $15. image That's 2 bucks off, and why I just buy/sell/trade in the market at the going price. Who's buying ?
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    Originally posted by: TwoSides2aCoin
    Who's buying ?

    I buy with every bonus ebay buck offer.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • pitbosspitboss Posts: 8,643 ✭✭✭
    I tried that and eBay would not qualify it.
  • BaleyBaley Posts: 22,658 ✭✭✭✭✭
    golly, $17 the ounce for silver again.



    it would be nice if the price tripled.

    Liberty: Parent of Science & Industry

  • OPAOPA Posts: 17,104 ✭✭✭✭✭
    Originally posted by: pitboss
    I tried that and eBay would not qualify it.


    You need to look for it in the NON BULLION COIN CATEGORY. Silvertowne & APMEX usually have some "mislisted." image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • pitbosspitboss Posts: 8,643 ✭✭✭
    Too late now, I spent $3000 before I found out.
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    Originally posted by: pitboss
    Too late now, I spent $3000 before I found out.

    See if seller will cancel sale. Most usually do because they fear you will return it anyway, causing them more headache. Don't be surprised if you end up on their blocked bidder list.

    Before committing to a purchase always verify ebay buck eligibility by a statement from ebay in the listing that says "you will earn XX ebay bucks with this purchase." No statement, no bucks.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    got the flash bonus offer 2 hours after it ended. image

    The decline from democracy to tyranny is both a natural and inevitable one.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    Cheap today. Tomorrow it could be to the moon. And if the FED raises rates, that's a good thing.

    Because money should never be cheap. It's made of the time, and the labor we put in for it. Correct me if I'm seeing this wrong.
  • cohodkcohodk Posts: 18,554 ✭✭✭✭✭
    Originally posted by: derryb
    Originally posted by: cohodk
    Originally posted by: derryb
    I am confident that you are trapped in your box.



    Im sure you are. I guess it's just the size of the box that matters. image

    So which direction is the next 10% move in silver?


    Wall thickness is equally important. image

    PM correction in the near term, the percentage will validate a longer term view.







    Sorry to have set you up like that. Sometimes it's just too easy. image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    I don't mind corrections. They serve to make us better at what we do best : Analyze.
  • jmski52jmski52 Posts: 22,306 ✭✭✭✭✭
    Silver is subject to emotional swings. I like silver, always have.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    Originally posted by: jmski52
    Silver is subject to emotional swings. I like silver, always have.image


    I liked silver at $10. I like it at $40.
    Some silver is worth more than gold. Some bars , some bells, some whistles...

    I have a silver dollar that I wouldn't trade for an ounce of gold.
    But that's for BST forum.

    I think we think along the same lines, there.
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    Word is that price is being driven up by surge in demand from Chinese individual hoarding.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,554 ✭✭✭✭✭
    Originally posted by: derryb
    Word is that price is being driven up by surge in demand from Chinese individual hoarding.



    I'm another thread it was said JPM was buying all the ASEs.

    Speculation sure is fun.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    Originally posted by: cohodk
    Originally posted by: derryb
    Word is that price is being driven up by surge in demand from Chinese individual hoarding.



    I'm another thread it was said JPM was buying all the ASEs.

    Speculation sure is fun.


    Make that three. Derry's buying ASEs as well.

    The decline from democracy to tyranny is both a natural and inevitable one.

  • cohodkcohodk Posts: 18,554 ✭✭✭✭✭
    Originally posted by: derryb
    Originally posted by: cohodk
    Originally posted by: derryb
    Word is that price is being driven up by surge in demand from Chinese individual hoarding.



    I'm another thread it was said JPM was buying all the ASEs.

    Speculation sure is fun.


    Make that three. Derry's buying ASEs as well.



    But Derry's been buying all along....means nothing. imageimage

    My thought is just that why does there always have to be some "reason" (mostly nefarious) for metals to move one way or the other. Why can't it just be a function of simple relative valuation ---like it really always is?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    Ive been a buyer of silver since it was roughly $8. All the way up, all the way down. I loaded up around $14.5-15 early this year. I am not buying right now for the first time in a long time. We had a nice run up, looking for a small pull back to add to the stack.
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • ShadyDaveShadyDave Posts: 2,186 ✭✭✭✭✭
    Originally posted by: derryb

    Word is that price is being driven up by surge in demand from Chinese individual hoarding.







    Chinese nationals have been using their yuan to buy up any assets that are out of the reach of the Chinese gov't to hedge (not 100% sure against what).



    Chinese nationals have been propping up real estate in the US and Canada (LA, Seattle and Vancouver). They are also doing whatever they can to get into sheltered financial products as well...and many companies are catering to them as it is "easy" money.
  • derrybderryb Posts: 36,118 ✭✭✭✭✭
    Originally posted by: cohodk
    Originally posted by: derryb
    Originally posted by: cohodk
    Originally posted by: derryb
    Word is that price is being driven up by surge in demand from Chinese individual hoarding.



    I'm another thread it was said JPM was buying all the ASEs.

    Speculation sure is fun.


    Make that three. Derry's buying ASEs as well.



    But Derry's been buying all along....means nothing. imageimage

    My thought is just that why does there always have to be some "reason" (mostly nefarious) for metals to move one way or the other. Why can't it just be a function of simple relative valuation ---like it really always is?


    All asset transactions are a matter of simple relative valuation. Valuation, regardless of the asset, is determined by all those reasons you wish to either ignore or pretend that they do not exist.

    How do you determine valuation without "reason?"

    The decline from democracy to tyranny is both a natural and inevitable one.

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    What's a couple of cents ? Where will this roller coaster take us ?
  • TwoSides2aCoinTwoSides2aCoin Posts: 43,796 ✭✭✭✭✭
    That 2016 Silver Liberty medal sold out before I could get my password reset at the usmint.gov site the night before, just to get in an order, yesterday. Thankfully , with this drop in silver today, my eBay friends are eating up the stuff in the secondary market at home, without getting out of their pajamas. image
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