Silver getting crushed today

Coininfo (http://www.coininfo.com) does not show that dip. It shows a low of $18.47 and currently $18.54 at 9:55 EST.

 

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Bid is at $18.52 on Kitco as I type. Weird dip, maybe a huge sell off but everyone else keeps buying? I have no clue.

 

I have not used Kitco for years but it used to be that it would show occasional spikes like that which no one else did.

 

It's interesting because across the ticker was a "gold to $1300 as global tensions push haven demand" and yet we see this in Silver ?

I see more sales then buys, weak buy demand today. I thought over the weekend due to more rocket tests, etc that PM would spike up more.

 

I was thinking along the same lines as far as political hysteria driving up prices. Looks like it was just hype.

 

Yeah, keep thinkin' that metals markets have anything to do with fundamentals and you'll spend lots of time scratchin' your noggin. Metals are as speculative as anything ever gets. Every big trader thinks they're thinking 5 moves ahead, and it all comes out as random noise. There is a lower signal to noise ratio in PM's than any other market.

 

Gee, Kurt. Did you just sell your 1oz below market to crush the market ??

 

I like it in the old days pre 1997 when the market was more predictable and globalization wasn't as prevalent. My math models worked pretty good.

Now nothing works.

 

You keep showing charts like this one and I might get positively giddy.

 

Okay, first tell me on what planet silver being anywhere NEAR as high as $18+ makes ANY fundamental sense whatsoever, and then we can talk.

 

Oh the Doomsdayers will say silver should be $100+, even stretching it to $1,000+

I like $13-17 myself.
I started buying it in back when it was $7/oz.

the silver institute is always interesting reading in regards to their skewed info/ statistics.

 

A.K.A. Marketing Propaganda

My "real world" equilibrium price is about $9-10 for silver and about $750 for gold. Anything higher is speculative fluff/froth, fueled by pure unadulterated political ideology.

 

Oh, Kurt, so easy....'55 Cancri e" once called the diamond planet but since saying more carbon ( graphite) and oxygen than diamond form, but no evidence at all of precious metals.

 

That makes sense. There should be carbon planets out there. That's as high as you get on the atomic number scale in the presence of smaller stars. Heavier elements require supernovae to create them, and they only happen to massive stars, which are kind of rare. We, as part of a solar system that contains heavy elements, are already part of Universe 2.0. We been seeded.

 

What color of kryptonite hurts Superman in Universe 1.0?

 

Well, Krypton is a noble gas. That's as opposed to CT posts, which are ordinary gas.

 

Red was the first color I remember.

 

By the way, don't you just LOVE the drawings of 55 Cancri e, complete with facets?

 

Krypton may be noble, but it can form compounds under high pressure like that to synthesize diamonds and metallic hydrogen, Kr(H2)4. Some CT members produce gas under pressure also

 

... or even without it.