Silver getting crushed today

SLIDE ....




I really didn't think Silver would break and stay in the 13s at some point. But now I think the metal has the ability of going and staying in the 13s.

 

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NO

 

The price of pewter is starting to challenge the price of Silver ...

 

With a possible 3 more interest rate hikes next year and a lot more possible catastrophes to the financial situation, I would not be surprised at 12.50 by end of year. My son disagrees , and since he will be inheriting most of it, it will be an learning experience for us. Still think Halloween time will be revealing.

 

With a 32 cent increase in silver this morning I am sure glad I made my purchase last night!

 

Three? Where are you reading that?

No, likely one more in December.

Two expected in 2019.

 

PM pricing is driven by the relative value of the dollar. The dollar is at a higher point now then in the recent past. All is good and I'm buying more silver now than in recent years. Waiting it out for the next large market correction. Hope that's a long while away.

 

I haven't been able to get myself to buy any more silver lately.
Buying into my exploratory stocks and watching the rest shoot to the moon.

 

The odd part today, is that Silver is not moving due to the US Dollar Index, which is UP today.




But it's moving possibly due to Treasuries

 

Yes, or JP Morgan is buying again today, after they sold yesterday.

 

even if spot drops, premiums will increase from the distributors so the price isn't going to be drastically below 15 dollars to purchase physical silver and have it delivered IMO

not anytime soon at least. I dont see spot hitting and staying in the 13s either but I could be wrong

 

Lets see what happens Mon. Bet good old JP Morgan & cartel will sell. They will sell 20,000 paper contracts and watch silver dive., This goes on & on!!!!!!! I HOPE I"M WRONG

 

Most likely J.P. Morgan will sell on Monday, they are too smart to sell or buy contracts in their own name account . They make their money by collecting fees on both simultaneously. They do have an in house margin on the buy/sell ratio for contracts. Since most investors can see each public trade within seconds of bought or sold trough their broker ( such as TD Ameritrade, Schwab, Interactive Brokers, E*Trade, etc. ) is made public. Some companies have used straw accounts when they thought the commodity was going strongly , but they went under on reversal, or got penalized by the federal watchdogs. I realized the news has said that regulations on such has been or will be reduced, but the major companies will still tread carefully as a couple can not withstand more scandals such as WF.

So if there is strong demand for short contracts, the house will raise the premium to sell and reduce it to buy and if it intensifies, the premium will get larger to sell, but less to buy. So it is the stackers vs. flippers of bullion ( bullion sellers) who determine where the price goes and JPM is happy to make money in either direction.

By the way, JPM and some other houses have invested billions in AI, and web bots to seek trends so they can adjust their margins quickly. Their intention is to not LOSE any money each day, and they are pretty good at it IMO.

Options and contracts expire if not used by certain date when bought, so their value decreases. And if you buy on margin ( their money loaned to you) losses can be very expensive either way.

No trying to change anyone's mind, just wanted people to realize that their gains and losses are not the doing of JPM or any Bank, but themselves. Same for eventual gains. Follow the money of the major bullion dealers/companies ( not you local dealer). Jim

 

Thanks, you always have the right answers, but when I heard JP got a big break when it took over Bear Sterns, Deutcha bank got fined for doing crazy trading on silver, they looked the other way /w JP MORGAN. Just can't understand why the silver to gold ratio is 83.3 too 1. Silver is used in way more products than Gold and the supply may be dwindling. Would be nice if Silver finally reaches it's fair value.

 

Traditional gsr until 1900s was 1:25

By today's comparison that makes silver undervalued or gold overvalued. Means silver is still the better buy IMO

Like you said too silver has far more uses. Heck, i dont think pure gold was even a thing until the 20th century for instance

 

Well I admit like others , I thought wow, I wished I could get that bargain, and initially so did JPM, but it didn't work out like that.....and arguably JPM made little in the long run. Here is a fairly accurate account of how it occurred, and there are similar from most of the financial news service.
https://www.cnbc.com/2018/03/14/a-d...ook-at-what-jp-morgan-got-in-the-bargain.html

I had some JPM stock and it got too scary for me so I bailed rather than worrying long run rather it would work out or not. That then brought on intense regulation which limited excesses during the following decade. Jim

 

silver down just like I posted on Fri. tomorrow maybe up Depends on the Bank Cartels

 

well, what's happening this week?

US Dollar index up


Gold is coming down from it's spike up last week


Silver has done the same


I read an article how Palladium may become more expensive than Gold.
That should create a short term demand and drive that price up a bit until it cools.

I looked at ASEs and the premium was $3.74 or something like that. I could have bought ASEs cheaper with the spot was mid $15s and the premium was $2.17 at times.

 

With the Dow Jones market dropping over 500 points at one point . thought I would post Silver/Gold in relation to that. With Silver being DOWN slightly, and Gold UP slightly.








now that is in Relation to the US Dollar index going DOWN



So what's the controlling factor here ??
The Gov't Bond Market maybe ? and projected steady interest rate hikes.

Because PMs does not offer a yield, it gets dumped in relation to other even low yield investments. Even my savings accounts are getting 1.90% now.

 

earnings ratio is way out of whack, interest worries , another bubble, who knows what PM's will do?