Silver Will Not Top $20 Again Homies

I'm going to invest my home skillet
with some Checker's Homie Fries.

 

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Doubtlessly given that a 'reason' is always the closest one of convenience - flavor of the day style. In that mix, some short cover buying is part of today's fuel. Something about short smacking makes me smile.

 

I'll be satisfied when silver is triple digits, this however is a good start.

 

Ah, yes, there's my stack up ahead. I didn't check Kitco. Hope we're still good
to gloat.

 

Now that's funny!

 

Very quiet in here today...if it drops next week I'm sure we'll see the paper pushers telling us how dumb we are for buying bullion. That's how it works, they see metals dropping and tell us how smart they are, but they're as quiet as church mice when it's rising, quite the predictable crowd...

 

I hope those church mice choke on the darn cheese.

 

That is inaccurate, myself, Hotpocket and Jim all have chimed in. In addition, Jim added some great info on how this was a paper rally. To add some details, 117,000 Silver contracts traded yesterday, which is over twice the average.

 

Wake me up when you tell us you're going to buy some actual metal...I read 18 and then 16, so it reads that you still own a grand total of 0 ounces...

 

Why so hostile? Do you think NOT buying at 48, 45, 40, 35, 30, 27, 23 makes me a bad metal investor? My theory on metal is simple, and I have said it many times, Since metal just sits there like a lump, and does not grow, pay interest, or dividends, I am only interested in buying when it is cheap. Why is that such a bad Plan?

Oh BTW, I never called you dumb for buying metal AFTER it went down, that would be pointless. I told you is was a stupid move BEFORE it went down. See the difference

 

Why so defensive, you a little embarrassed? I didn't buy above 40, but I did buy in the 30's, and the 20's and the teens...but unlike you, I don't believe it has to just sit there...your imagination is your only limitation of what it can do for you.

You, the non-metal buyer coming on here and calling me dumb is rich...haha.. too rich

 

Hmm, you really seem hung up the fact I don't have a current position in metal, like that somehow makes me unworthy to discuss silver. I used to have both Silver and Gold, but I sold most of it, that is what investors do. I also posted when I took my short position on Silver and Gold, then posted when I closed them out. Shorting is also something investors do. Another thing investors do, is wait for their entry point, and as you correctly stated, mine is between 16-18. So what is the deal, only people who lost money in Bullion should be able to post????

 

You're now saying I lost money in bullion? You're wrong...100% wrong...

So you admit to being a Monday morning QB in bullion, good for you.

 

What are you talking about? "Monday morning QB". If anything you know that is not true.

 

You can tell anybody anything, but you know the truth...

 

You bought in the high 40's and you know it. That is why your so hostile and defensive. You made a bad investment, that doesnt mean the rest of us have to buy high as well. Silver is to high right now, this recent gain is just a little hiccup, it will be back down fairly soon. If you want to recoup your losses wait for it to be in the mid teens before buying more.

 

Let us ask ourselves, what is silver used in? Most first thoughts are coins, jewelry and as a superconductor, possibly something electrical. But in fact it is used in a lot of different things such as pharmaceuticals(medical field in general), nanotechnology, solar energy, printed circuitry and water purification. Hundreds of millions of ounces of silver are used and literally thrown in the trash each year because it would cost more to re-refine the silver than to just get new. With all of these industries growing at the dramatic rate they are, I do not see how sliver is going to be able to stay around they $20 mark in the long run.

 

You don't know what you're talking about, but carry on with your little fantasy. It seems to be serving you well.

Just because you came here in 2011 during the run up doesn't mean all of us did.

 

That argument has been around for a while, the fact is for the last 10 years or so, the demand for Silver has been almost flat.


https://www.silverinstitute.org/site/supply-demand/