Silver Is On A Tear Today

1000% good advice maybe he needs an advisor are you going to be holding classes?
For What it's worth, I don't understand how they do it either...I prefer to gamble local

 

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Shorting is always risky business, there is no limit to the amount of loss liability if a price on a commodity skyrockets. Going long is different, unless you are buying on margin or borrowed money. Worse case is just to wait it out until prices rise, or you are a dealer with money tied up in inventory. That can be a problem if overextended and need to keep the lights on and eat.

 

Don't Blame Me All I did was sort out some 90% to make room and think about investing in a different direction.

 

I was going to sell some 90% so I could buy collectables. Now it's not making any sense.

 

Wait for the...

 

Uh-Oh, Gollum is back: $72.94 @9:53am down $5.47

 

I assume someone would just "lock in" a price if they took in a huge amount of silver and didn't want the price to fall while they sell it.

 

See my posts #618 or #598
Nibble at $70
No support until $68
If you see $65, back up the truck

 

They raised Margin requirements again.

 

Just profit takers thinking it won’t get any higher.

 

And its a good dip to buy.

 

I think we need to change threads to Silver is getting Crushed Today.

 

If supply for delivery is insufficient, just raise the margins
Thumb in the dike.

 

Just us Americans trying to get rich.

 

Let's hope so...and I just sold and flipped a bunch of mixed purity silver world coins into 10 ASEs this past Saturday for $83 each.

I will wait until the new year, but will probably sell all my ASEs (purchased in the last month from ~$50/oz to $79/oz) in order to lock in the 'profits'.

I'm still way ahead overall given the buy prices on most of the mixed purity world coins I sold during this time.

Oh well...that's the game.

 

Why would people sell now when they can push the tax burden into 2027 by waiting a few days?

 

Good point!

 

and gold is down $206.60 ...

 

This is the second margin hike for silver in just two weeks. Margin hikes increase the cost of trading substantially forcing liquidation to trading accounts. The forced sales cause a domino effect like what we are all seeing now. This is how they stopped the 1980 and 2011 price increases. It levels the market to save the short sellers who are mostly Major banks keeping the price low.

This may cool the price but it doesn't solve the problem and magically create more silver lol

 

Just print more precious metals. There, problem solved