Gold and Silver on the Cusp of a Major Move Higher!

Discussion in 'Bullion Investing' started by fretboard, May 17, 2021.

  1. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    what do you think Iam some kind of influencer...LOL ? people have a mind of
    there own, they don’t need me telling them
    what to do, as far as pumping up anything
    Platinum is only one of several investments
    that I have and I personally like it, just
    because you don’t that doesn’t mean it’s
    not a good investment, to each his own.
     
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  3. FryDaddyJr

    FryDaddyJr Junior Member


    why, you think all your goodies will be burnt up and they won't be able to pick out some items? beats sieges and firefights. plus they can just pick you off when you flee the fire
     
    Last edited by a moderator: May 23, 2021
  4. Santinidollar

    Santinidollar Supporter! Supporter

    942A6F68-F1EB-4B22-8601-6A0708A8CDDB.jpeg
     
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  5. masterswimmer

    masterswimmer A Caretaker, can't take it with me

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  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Copper is a buy on any weakness.
     
  7. slackaction1

    slackaction1 Supporter! Supporter

    There’s been opportunities to trade ASE’s to people for their gold coins, but each time one doesn’t think the deal was good. What’s a fair deal to both sides?
    Every time I see people are haggling over a deal, I always wonder why they don’t use current market value in dollar amount. AGE $2000 vs ASE $37 (I just picked 2 estimates off the top of my head) would equal 54:1. G/S ratio kinda goes out the window. I MIGHT trade ASEs for generic gain roughly 7 ozt on 100 then trade the generics at ratio for gold
    Or trade your ASE 2/3 for generics and then trade the generics for the gold, that will take the premium out of the equation. dont lose the premium that exist on those ASE'S... talk myself out of it now.. ty
     
    GoldFinger1969 likes this.
  8. slackaction1

    slackaction1 Supporter! Supporter

    Realistically, no intelligent person on these forums is spend $38 on an ASE because that’s what APMEX wants. They are trading for $34 on the forums, and AGEs are $1950ish. So 57 to 1 for an AGE trade. Maybe I might be overthinking this.
     
  9. FryDaddyJr

    FryDaddyJr Junior Member


    what an awful idea for a gold holder.
     
  10. slackaction1

    slackaction1 Supporter! Supporter

    see thats what you get there.... what is a fair deal then FD
     
  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Apples to apples , it’s hard to trade up unless your dealing with the uniformed but
    again there are plenty on this site...LOL
     
    JCKTJK likes this.
  12. fretboard

    fretboard Defender of Old Coinage!

    Names please? j/k 112.gif
     
  13. FryDaddyJr

    FryDaddyJr Junior Member


    the smart play would be to hold on to that gold
     
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  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    -jeffB and fretboard like this.
  15. GoldFinger1969

    GoldFinger1969 Well-Known Member

    In the May 14th BARRON'S.....Tom McClellan notes that the ETN's (arent' they ETFs ??) GLD and IAU have NOT seen any asset surge even as gold has moved up $100.

    He says that is very bullish.

    Bearish would be prices stalling and assets continuing to build at the Gold ETFs/ETNs.
     
  16. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I don't think they know which bank to burn down.

    As for burning down my house . . . I don't think they'll be the ones doing the picking off.
     
  17. Eric the Red

    Eric the Red Well-Known Member

    Silver @$28.30 /spot at time of post.
    It will be interesting to see what happens when it breaks and holds above $30 :)
     
  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    It will have gone up $1.70....LOL
     
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  19. Eric the Red

    Eric the Red Well-Known Member

    Looks like last level of Resistance is at 28.69
    It should Rip when it passes $30. Here's hoping:)

    Screenshot_20210526-105319_Chrome.jpg
     
    mpcusa likes this.
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    I think for us silver guys that’s a good thing
    however it will have to go well above $30
    to recover the high premiums.
     
    Eric the Red and fretboard like this.
  21. Eric the Red

    Eric the Red Well-Known Member

    I will go out on limb and say once it breaks 30 it will move to 50 real quick. Anything beyond 50 is uncharted territory :)
     
    mpcusa likes this.
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