OK - So What's Going On??

Well?? I don't look at these charts every day like I used to but this week seems to be... Well, rather dramatic.... The stacker in me likes what he sees, but the practical side of me worries what this sudden rise may be a signs of.... Whats the fuel that has driven this dramatic rise?

 

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Oh to be 40 again! $40.02/oz silver now!
And yes it’s ok to be worried.
Buy more precious metals
Don’t wait, buy more weight

 

Buy, buy buy I stack silver a couple times a week and GOLD once a month
though the price varies substantially with GOLD averaging the gains and losses
comes out in the end.

 

Keith's not blue. He love's the Blues.

 

Yeah I came to post silver crossed 40 for the first time since when???? Was it when the Hunt brothers tried to corner the market? That was eons ago.

 

Yeah.... I had pimples, hair and a waist then.

 

I think a large part of it is that silver has lagged gold trends so long that it eventually had to pop. Silver has a lot of commercial uses, not sure if mining is keeping pace either.

 

About a month ago I was considering unloading several rolls of meh Peace dollars so I could purchase some fine rarer collectable Morgan specimens. LCS offered only $23 a coin. I said thanks, but no thanks.

 

Silver mines are rare birds. Most is a byproduct of copper mines and they take a very long time to come into production. And they aren’t the best of neighbors worldwide. Accidents, labor problems, political instability, pollution and worn out refineries are some headwinds
Supply hasn’t kept up with demand for 4 years

 

Whatever the reason, I'm happy to see it rise steadily at least.

 

Back down to $39.76. SELL SELL SELL

 

It spiked above 40 twice in 2011.



The rise this time has been more gradual, and I expect it'll spend more time above $40 before coming back down, if only because of background inflation.

 

Do silver fillings count, I think I still have a few.

 

$40 now is like $20 in 2010
Think about it
And we weren’t 4 years into a deficit
Difference made up by scrap. That’s old coins. How long is that gonna last ?

 

That was a solid tune.

 

I'm old. It's got nothing to do with this thread, but I loved this one when I was a kid.