Is It Time For Silver?

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

  1. yakpoo

    yakpoo Member

    Like Lord Voldermort...It's the name that must never be uttered. :D
     
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  3. Collecting Nut

    Collecting Nut Borderline Hoarder

    But gold will set record highs while silver struggles at $20 or do we were told.
     
  4. slackaction1

    slackaction1 Supporter! Supporter

  5. Santinidollar

    Santinidollar Supporter! Supporter

    Silvidiots. ROFL
     
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Or at least turning on the bathroom fan.
     
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  7. Tuco

    Tuco Active Member

    Last year, the platinumbskull told me silver was going extinct.
     
  8. Tuco

    Tuco Active Member

    Haha

    From November 29, 2019, after I said, "I'm betting big on silver in '20."

     
  9. Tuco

    Tuco Active Member

    Monster 7%+ day lads! Correction tomorrow or $30? :D

    8.6.20.jpg
     
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  10. -jeffB

    -jeffB Greshams LEO Supporter

    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...
     
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  11. Collecting Nut

    Collecting Nut Borderline Hoarder

    I think it will increase just not that much until next week. That's when I expect $30 per ounce.
     
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  12. Tuco

    Tuco Active Member

    Always be on the lookout, I think these 2 silver rounds may be counterfeit.

    Ag.jpg
     
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  13. Bman33

    Bman33 Well-Known Member

    I see $30 silver by tomorrow morning. May dip below that again while in New York but overseas it's exploding every night.
     
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  14. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    A lot of people know when to jump in, very few for when they should jump out. Better hedge it with options. IMO, Jim
     
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  15. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Using options is inherently difficult and probably beyond most people's comprehension.

    Better to just hit the old SELL button. :D

    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 !).
     
  16. GoldFinger1969

    GoldFinger1969 Well-Known Member

    We're at $29.53 on the futures, could be there tomorrow morning !
     
  17. -jeffB

    -jeffB Greshams LEO Supporter

    Huh, that's an interesting take on Metal Men cosplay.
     
  18. yakpoo

    yakpoo Member

    The Dollar is rallying today...so PMs are falling in relation.
     
  19. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    What happened to platinumskulls rule that silver always has the lowest increases compared to any other market ever :cigar:

    I clearly remember him saying that.
     
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  20. -jeffB

    -jeffB Greshams LEO Supporter

    I'm sure he'll come around for a victory lap tonight if silver caps its 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.
     
  21. GoldFinger1969

    GoldFinger1969 Well-Known Member

    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.:D
     
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