Is It Time For Silver?

The thread began in June 21st...and here we go!

 

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The above chart shows the time for silver has passed, but again we
Are talking about mere cents here....LOL

 

You've been hanging out with "goldcollector" too long.

A 10% increase is a 10% increase, whether it's from 10 cents to 11 cents or $10000 to $11000. Either way, if you had $1000 worth of stuff before, you've got $1100 worth now.

 

If the GSR is to return to historical norms, silver has just begun its ascent
...or gold's descent (unlikely).

This falls under my "Slinky Dog" theory of economics...

DISCLAIMER: "Past performance is no guarantee of future gains"
...but it's still fun to watch!

 

The difference is that a Slinky Dog actually has a direct physical connection between its ends!

 

Here's an interesting article out this morning...

https://www.marketwatch.com/story/t...s-commerzbank-2019-07-25?mod=mw_theo_homepage

 

How is the rise in silver like deer nuts? ...... They are both under a buck.

 

Simple buy low sell high

 

I'm almost back in the market for picking up a few 10 ouncers of silver, I'd love to get some while it's still hanging around or under $16. I feel like the last few years has just been screaming to buyers "BUY more!" and eventually it's going to do something, and it's a matter of when not what.

 

You make too much cents

 

Silver up nearly 4% so far today!

 

It'll be interesting to see if the GSR breaks 86...then 83!

 

The problem with this is "how much do you give up waiting for something to happen?" Yeah, we all agree long term PM will go up, but as an INVESTMENT will it go up as much or more than alternatives? That is the unanswered question. Right now, I am looking at some metal or commodity stocks yielding about 5.5-7% dividends, with not a lot of likelihood the dividend rate will go down in a normal recession. Ignoring stock appreciation, do we think PM will do better AFTER ACCOUNTING FOR BUY/SELL SPREADS? The spreads can KILL YOU in physical pm markets.

This is why I advocate physically buying pm for very long horizons, (to minimize spread hit), and as a contra asset to other assets, (to minimize potential subpar performance since it acts as a contra asset to the entire portfolio). Plus, to be honest, its pretty. I am only three quarters serious about advocating it as a contra asset, if it weren't pretty and me liking to Scrooge McDuck it, analytically I would never justify owning it. I would do short term bonds instead, but I like holding precious metal, sue me.

 

Most PM,S are still climbing, so from a buying perspective, probably be
Best to wait did sell some gold last week for a nice profit so that,s always
some good news

 

Silver is a trailing indicator. It follows gold directionally which is also quite strong. With prices on the rise due to a number of factors, common sense tells me we're lining up for another bull run in precious metals.

GE is shaping up to be the next Enron or AIG. $18 billion in counter party risk is about to come home to roost. Lessons in leverage were never heeded after 2008.

Trump is trying to goad the Federal Reserve into doing more QE, and it looks like wall street is expecting it. Not to mention the trade war.

Libya is shutting down airports due to instability.

Many of the big factors in the past that have caused gold to rise are all in play at once. As gold rises, silver will rise faster.

It was great to buy at $14/oz, but $18 is still a lot cheaper than $30.

 

Your not going to get rich on silver ! that,s for sure ! pennies and dimes
And i think even in the best scenario, silver will never pass $20 an OZ and
I have allot of silver...LOL

 

Forked tongues and bitter mouths will drive a man to bleed from inside out.

 

That's an awfully bold prognostication. Never is a looooong time.

 

Confucius Say :

" When it is obvious that the goals cannot be reached,
Dont adjust the goals , adjust the action steps "