Silver is Now 15.96 Dollas an Ounce

We also discovered fracking.

 

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Best post in here so far

 

I wish you would said that about my posts. Homie's joy is my joy.

 

Homie has a brilliant post about new mine-in' methods

 

Hey the cheaper silver gets, the more I will consume. C'mon 5 bucks!

 

Homie don't eat da silver you don't want to get Ebola, 'specially since a lot of these mines are in Africa

 

Yes but it is a more expensive process to use if silver drops below a specific price. Panel manufacture is less expensive, easier and more stable with silver at a price of silver less than $10 ounce than the new. More than that price and the newer process will become cheaper as new machinery is brought in, and eventually my remove any chance of silver again being used in panels except in extreme locations.

 

Most of the PV panels I've seen lately have used some silver.

They have dropped in price a lot since I bought mine. I wonder is it isn't just deflation that is dropping the price of silver?

 

Here's a great article, written back in Sept. about the $15 level:
http://blog.kimblechartingsolutions...good-buy-point/#sthash.AMMAbaYg.H50pzFU4.dpbs

 

I hope Slim is right. I mean, I'm always buying, but the lower it goes the more I get for my guap (<------ Slim Shady speak).

 

It's "its" means, not "it's means", dude!!

 

who cares how he says or spells dollar, the point is that it's dropping. I wouldn't doubt if it touches 10 dollars next year. Would not surprise me. It was 26 last year, in one year if it takes at hit like that again it will be 8-12 range.

 

Maybe the south side of town, but not the south

 

Eminem,
so advice from you is to wait a lil bit longer and maybe we will see lower than 16 prices huh? Then back up the truck?

 

Got to admit that even with dollas it;s a decent thread . Thanks M&M , JK Bro .

 

I went looking around, but the best I could get was 14x face for some "junk silver". I suppose that's better than it was, but not much better...

 

Oh, wow. Exactly what I thought would happen finally is. Gold is taking a plunge, too. EDIT: this isn't the first time I've said this either, it just never went down enough due to bargain hunting and/or day trading and/or whatever. Some people seem to hold gold as finacial religion.

It's about time. This fallout from 2008 had to end SOMETIME.

The question is... How low can it go? I think I told myself I'd start buying gold if it falls under 1k. I'm sure it could go lower but what goes down...

It looks ATM to be taking a nice speculative plunge.

Siver, whatever. I'll care when it's below 10 (if that happens).

 

This is purely a monetary phenomenon. Suddenly the Fed has created a strong dollar environment. For decades, we heard how a weak dollar was good for exports. I always thought it silly to try to have strong exports when we run a massive trade deficit. A narrow band of the economy wins on exchange rates while the rest of us pay through the nose at Walmart, the gas pump, and the grocery store.

Now that the strong dollar has arrived, commodities have fallen accordingly. Also look for your international exposure stocks to start noting earnings misses based on exchange rates, or at least negative effects from it. Grains, energy, metals, all in the toilet right now.

As soon as we jump back into the race to the bottom on currency debasement, prices will stabilize.

http://www.moneynews.com/Markets/gold-silver-dollar-precious-metal/2014/10/31/id/604531/

 

Stabilize to what?

Gold has been in a speculative bubble since the dot-com bust and '08, IMO. Silver has been following it, to a lesser extent.

The only way it could "stabilize" is by going down.

That's just my take, though. Who knows?

As far as the dollar, I'm skeptical. News articles always give reasons AFTER the fact, but never before. Gee, I wonder why ;3

The stock market is saturated, too. Everyone wants to make money investing but mathematically that can't happen. It's all just inflation at that point. That's one reason coins interest me as an investment right now, possibly art if I had the means to store it. I'm not convinced the Dow will just keep on going up and up forever, and we'll have to find new barometer for "our economy."