Discussion in 'Bullion Investing' started by yakpoo, Jun 21, 2019.
Like Lord Voldermort...It's the name that must never be uttered.
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Or at least turning on the bathroom fan.
From November 29, 2019, after I said, "I'm betting big on silver in '20."
Meh, it'll be a Friday. If there were a local show coming up, I'd be looking to sell quite a bit, and that would virtually guarantee at least a 10% drop.
Next show (that hasn't yet been canceled) is the weekend before Thanksgiving. Let's see where PMs are at that point...
I think it will increase just not that much until next week. That's when I expect $30 per ounce.
Using options is inherently difficult and probably beyond most people's comprehension.
Better to just hit the old SELL button.
Don't want to sell YOUR coins and bars but convinced silver is going down ? Short SLV or buy a non-leveraged reverse silver ETF (if there one or only leveraged vehicles; don't like those !).
We're at $29.53 on the futures, could be there tomorrow morning !
Huh, that's an interesting take on Metal Men cosplay.
The Dollar is rallying today...so PMs are falling in relation.
What happened to platinumskulls rule that silver always has the lowest increases compared to any other market ever
I clearly remember him saying that.
20-25% gain for the week with a 5-6% loss today.
...oh, dear, looks like platinum is taking an even bigger hit today than silver. Perhaps he'll take the weekend off after all.
IMO, gold closing ABOVE $2,000 for the week (and off the Friday lows) is the key technical achievement this week.
A few years down the line, we could look at the splitting of hairs of buying gold and silver at today's levels -- or 5-10% lower OR higher -- like those "suckers" who paid $120/oz. for gold in 1975 as opposed to under $100 where it had been for months once gold was allowed to float.
'Cause when gold moved to $600 and $700 and $800, nobody cared about "overpaying" by $30/oz.
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