Could this week be the start of Silver really taking off?

Discussion in 'Bullion Investing' started by Tuco, May 17, 2020.

  1. Tuco

    Tuco Active Member

    Monday 5/18 looks to be another big day after Friday's 5% gain. Only 4 hours into the Euro/Asia markets opening and it's another silver buying frenzy. I think this could be the week we finally see spot hit and pass the $20 mark.

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  3. furryfrog02

    furryfrog02 Well-Known Member

    Up until it goes down.....then back up again...before going back down.
    ToughCOINS, Kentucky and Tuco like this.
  4. fretboard

    fretboard Defender of Old Coinage!

    "Tuco?" From Breaking Bad! j/k :D The $20 silver is on it's way for sure, I don't know about this week but very soon! ;)
  5. goldcollector

    goldcollector Member

    The weekend is over. Time to sober up bud.
    LA_Geezer, wxcoin and Tuco like this.
  6. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    I have to be delicate with how I say this...
    I think the deciding factor for the markets coming into the summer is how governments respond to politically, what changes in foreign policy and domestic will be in place, and how the markets will respond to the new tide post COVID. Either way, good or bad, I think we are in for a bumpy ride.
    Tuco likes this.
  7. Tuco

    Tuco Active Member

    Still going! :D

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    Last edited: May 18, 2020
  8. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    Geez, you young guys. It's Tuco from The Good, The Bad, and the Ugly (look at the avatar). Great role played by Eli Wallach.
    xCoin-Hoarder'92x, Tuco and LA_Geezer like this.
  9. wxcoin

    wxcoin Getting no respect for 64 years

    Just watched that movie last week. Time to watch Fistfull of Dollars! Maybe I should change my name to Angel Eyes. My bad!
    Tuco and Oldhoopster like this.
  10. chascat

    chascat Well-Known Member

    Slowly returning to normal prices, whatever normal is?
  11. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    Normal being whatever is the average and recurring price range in a selected time?
    juris klavins likes this.
  12. LA_Geezer

    LA_Geezer Well-Known Member

    One of my favorite movies. My wife and I, jokingly, call our neighbor across the street Tuco because he behaves much like Eli Wallach's character.
  13. juris klavins

    juris klavins Well-Known Member

    Next chart covers the last major bullion bull market before this 21st Century Gold Rush began in the early 2000s.

    The next price peaks of all 4 major precious metal prices occurred within months of one another in the first half of 1980 (gold and silver, followed by platinum and palladium respectively).

    Hawkish Federal Reserve policies of near 20% interest rates were possible at the time given the respective lower levels of debt throughout the economy at the time.

    Today our global record debt levels and fundamental economic factors are profoundly different than they were in 1980.

    In the ongoing silver bullion vs. US dollar value war, we are now more and more likely to see even steeper negative real interest rates and further fiat currency debasement as the primary mechanisms in future debt defaults and debt supercycle restructuring.

    Many industry experts expect the 2020s to be great years for both gold and silver values respectively. Even going so far as to say new nominal record prices will ensue from 2022 to 2024 with another global financial crisis being the catalyst.

    The following is a potential roadmap under such a scenario. Time will, of course, tell if the road ahead for silver possibly plays out like so.


    The entire article can be found here :
    Tuco likes this.
  14. Dow Jones

    Dow Jones New Member

    Oldhoopster and Tuco like this.
  15. goldcollector

    goldcollector Member

    We'll look at that, it didn't happen. Shocking.

    Hmmm maybe next week will be the week it gets even with where it was 10 years ago. But don't count on it.
  16. fretboard

    fretboard Defender of Old Coinage!

    Once you see gold at $1750 everyday for two weeks straight, you should see big movement on silver! :D
    Tuco likes this.
  17. Oldhoopster

    Oldhoopster It seemed like a good idea at the time.

    You've done such a great job of predicting platinum recently, I have no doubt you're correct :banghead: :hungover:

    Did you ever pay back the coin talk member you ripped off? I can't believe you think members will take your posts seriously after you were exposed as a cheat in past threads.
  18. Tuco

    Tuco Active Member

    Not a bad week, still a net gain over .50 an ounce. Thankfully, I purchased silver in '19 and if I sold today would be up about $2,500 per monster box. Tentatively, set a target sell date of Jan '21 when I bought in. If there are guys who purchased in '10 I'd say hang in there, high silver prices are within sight! :)
    LA_Geezer likes this.
  19. Collecting Nut

    Collecting Nut Borderline Hoarder

    If you attached a string to a silver round you'd have a yo-yo. That's the price of silver. It goes up, it goes down, over and over and over.
  20. FryDaddyJr

    FryDaddyJr Junior Member

    how many monster boxes do you have, and who buys them from you?
  21. goldcollector

    goldcollector Member

    You must be talking about selling those monster boxes to a silvidiot willing to pay these ridiculous premiums because silver sure hasn't gone up $5 an ounce even from the lowest point in 2019. With premiums even at the lowest spot price in 2019 you were paying more than what silver is currently worth. Good luck finding a silvidiot willing to pay $8-$10 premium. Even the dealers are asking lower now.
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