Is It Time For Silver?

Discussion in 'Bullion Investing' started by yakpoo, Jun 21, 2019.

  1. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    The volatility of the last day is pretty amazing, but something that just proves my ideas about silver....at least to me it does.
     
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  3. yakpoo

    yakpoo Member

    Of course there will be corrections...but when? ...and by how much?
    Predicting the future is much more difficult than predicting the past. :D
     
    -jeffB and Collecting Nut like this.
  4. Collecting Nut

    Collecting Nut Borderline Hoarder

    If I knew the answers to those questions I'd have more money than Donald Trump. Lol
     
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  5. yakpoo

    yakpoo Member

    That's OK...I think it's fun to make predictions. I don't speculate in PMs so it doesn't cost me anything to take a WAG.

    Back in 2011, I had a thread called "This Is Why No $50 Silver". Everyone thought Silver was going much higher...until it peaked at $49.85! :cool:

    I get lucky once in a while. :D
     
  6. slackaction1

    slackaction1 Well-Known Member

    Okay......Reset............ after October..
     
    Last edited: Jul 28, 2020
  7. yakpoo

    yakpoo Member

    The Dollar Index is dropping below 93. We should get another nice bump in Gold to end the week. :D
     
    GoldFinger1969 likes this.
  8. yakpoo

    yakpoo Member

    As PMs head higher, we should see more and more articles like this...

    https://www.marketwatch.com/story/silver-poor-mans-gold-no-more-2020-07-30?mod=home-page

    Please keep in mind that, when PM prices are low, mines become unproductive and are "idled". As PM prices show a sustainable recovery, unprofitable (idle) mines are once again profitable and slowly brought back online.

    This, along with regulatory margin controls, keeps PM prices from going to the moon. So...when Silver increases by 25% in a month (as it has this month), that doesn't necessarily mean that Silver will increase 25% every month into the future.

    I know this little axiom sounds obvious now, but when PM fever really kicks in, folks seem to forget/ignore it.

    Also, Silver is a by-product of many other types of mines (e.g. Gold mines). The reason Silver hasn't appreciated as much as other PMs is because secondary silver production consistently exceeds industrial demand.

    Only as speculative demand increases will we see a significant run-up in prices.
     
    Collecting Nut likes this.
  9. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Silver prices are more tied to the economy. There's a supply deficit right now and into the future, by-product supply or not.

    We don't need OR want "speculative demand" for silver. You want STRONG HANDS which means folks who want to buy silver at $25 or $30/oz and hold it for years. You want industrial buyers to be buying at those and higher levels.

    Speculative buyers are weak hands which can drive it up 50% in a few weeks or months....and then take it down just as fast.
     
    Last edited: Jul 31, 2020
  10. yakpoo

    yakpoo Member

    These "strong hands" of which you speak become weaker as prices rise. ;)
    That's the universal truth of PMs.
     
  11. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Maybe.....but they won't sell on weakness.

    If buyers at $25 say they will sell at $50, what does that imply about strength in the 30's ?
     
  12. -jeffB

    -jeffB Greshams LEO Supporter

    So "strong hands" are the ones who are happy to buy high, but refuse to sell high? I'm not sure I want to be one (pair) of those...
     
    yakpoo likes this.
  13. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Strong hands are looking to HOLD. They won't get shaken out during a correction or even a big downdraft. They are looking to accumulate something over a long period of time.

    If something is LOWER you should want MORE of it. However, with PM's and financial assets, sometimes lower prices scare people and higher prices entice them.
     
  14. Collecting Nut

    Collecting Nut Borderline Hoarder

    Let us also remember that silver lost a large market when things went from film to digital.
     
    GoldFinger1969 likes this.
  15. Jeffjay

    Jeffjay Well-Known Member

    His liabilities may outweigh his assets.
     
  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    They don't, but regardless, he'll be fine.
     
  17. Tuco

    Tuco Active Member

    Another strong week for silver, up $1.77 for the week. Mon-Fri:

    SILVER_7_27_7_31_20.jpg
     
    yakpoo, fretboard and GoldFinger1969 like this.
  18. yakpoo

    yakpoo Member

    Anyone who began stacking Silver when this thread began is looking good! :cigar:

    [​IMG]
     
    slackaction1, GoldFinger1969 and Tuco like this.
  19. yakpoo

    yakpoo Member

    Amazing! ...up $4 in three (3) days! :D

    [​IMG]
     
    GoldFinger1969 likes this.
  20. Jeffjay

    Jeffjay Well-Known Member

    Funny how all of those people that were critical of those stacking silver have gone silent.
     
  21. Santinidollar

    Santinidollar Supporter! Supporter

    One I can think of in particular. Like a breath of refreshing cool air.
     
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