Silver Is On A Tear Today

It’s headed in the right direction.

 

Log in or Sign up to hide this ad.

Hmmm, looks like it's bumping against a ceiling of sorts...

Maybe this will help

 

It's just my opinion, but a few weeks of stabilization is the best thing that could happen to stackers who want to unload a portion of their stash. You'll get better offers from the buyers, trust me on this. Sellers with inventory need a better comfort zone.

 

That's a good mindset, it might take a few months of trading sideways and at what level.

 

Good then. Sideways it is.......

 

Agreed and it will also be good for stackers' buying as the premiums can be eased.

 

Let’s hope so!

 

A slow rise in tide raises all ships, dealers and sellers. Volatility creates chaos.

 

Up down, up down. That’s the way it goes.

 

That’s a nice way to look at it.

 

Good memories with that tune.

 

Sideways it is.......

 

Howdy folks,

Long time stacker enjoying the run. My third bull market in the metals and at my age, am both grateful and playing the living shit out of this, what may be my last ride on the bull. Best advice is to ignore the noise and stick to the fundamentals. Geez, demand is off the map and supply is restricted for the near and immediate future. Works for me. I prefer physical bullion, followed by mining stocks and lastly, paper silver - if you must. For physical bullion, I prefer Sprott funds.

Good luck,

and so it goes,

peace,

rono

 

Up again today.

 

FYI - China markets are closed next week. Mr. Slammy might wreak some havoc while China sleeps. Could be a good dip buying opportunity.

 

Seems to be in a range. How long that lasts is anyone’s guess.

 

Yup, silver just dropped $4 in the last hour; gold down $130.

 

oops

 

Howdy folks,

Yeppers, the paper price is down today but WTF cares? Note that the premium on ASEs at Apmex has grown to 25%. Reminds me of when Tricky Dick imposed price controls on gasoline back in the 70's. Couldn't raise the price, so all of a sudden everyone was out of gas. Sorry. Econ 101 - this is what happens with artificial pricing - huge premiums and lack of willing sellers [read: supply].

and so it goes,

peace,

rono