Is It Time For Silver?

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

  1. Bman33

    Bman33 Well-Known Member

    I buy and sell here and there. Right now I am selling a little because I am in the black on it but most of my stash will be around for awhile. If silver gets to $28 I will dump it all though.
     
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  3. slackaction1

    slackaction1 Well-Known Member

    I do remember those bashing silver and not that long ago. I kept my mouth shut being new a new hire 7 yrs ago on the forum. I am a good loser but I am a very bad winner..... I too bought some at 26..
     
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  4. yakpoo

    yakpoo Member

    Here we go again! :woot:

    [​IMG]

    [​IMG]
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    If it's got a chart, it can be technically analyzed. It makes exactly as much sense as any other form of technical analysis. ;)

    (To be fair, if there were enough people trading based on technical-analysis principles on that particular ratio, I suppose they could reach the critical mass necessary for self-fulfilling prophecy...)
     
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  6. yakpoo

    yakpoo Member

    Dad always said..."If everyone bought low and sold high, the highs would become the lows and the lows would become the highs."
     
  7. yakpoo

    yakpoo Member

    Yes there can! ...if they have a consistent value relationship to the denominated currency.

    When you speak of Gold, you speak of its price in some currency (in this case, the U.S. Dollar). When you speak of Silver, you speak of its price in some currency, also.

    Although there are different supply/demand dynamics between Gold and Silver, they both are constant to any fiat currency, at any moment in time. Therefore, it would stand to reason that, if both Gold and Silver were fairly valued, the difference in their respective supply/demand dynamic would be 100% reflected in their respective prices. Under that scenario, I would agree with you 100%.

    HOWEVER, the price of each commodity is also subject to the whimsy of speculators' anticipation of what events lie ahead.

    Although the mean may fluctuation by some small degree, the ratio of the two commodities oscillates within a range...each extreme representing (statistically), an imbalance of intrinsic value...of one or the other (unknown which).

    From what I've read, opposing Gold/Silver options (put/call) can be used to benefit from speculative distortion in the GSR. It's not about the price of Gold or the price of Silver...it's about their relationship. With opposing options, you make money when the GSR moves in your chosen direction, regardless of whether either commodity goes up or down.

    Technical analysis is really nothing more than trying to discover recurring patterns of human behavior...so it should lend itself well to the GSR. Don't think of it as a Gold/Silver relationship...think of it as a Gold/Silver/Dollar "Manage a Trois". :D
     
    Last edited: Aug 28, 2019
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  8. Kevin wu

    Kevin wu Well-Known Member

    Just purchase another 4 100 oz silver bars today at 18.68 per oz . Keep stack up before it shooting to moon .
     
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  9. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    That,s a lofty prediction, iam going to right that one down, all the data in the
    World doesnt make that so, however owning allot of silver i am wishing on a star
    LOL
     
  10. slackaction1

    slackaction1 Well-Known Member

    hope its a bright one..
     
  11. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    The 7 largest comex traders are short 350 million ounces. They have to buy that much just to cover the contracts they have already sold. That means there was 350 mil. oz extra "supply" in the past and an extra 350 mil. oz. demand in the future.

    Do your own due diligence. Don't take anyone on the internet's word for it.

    If you read the Exchange's rules, this is not true at all!!! Yes the author is correct about doing own diligence, as this idea above has been around for a long time.


    First, if you buy a contract for DELIVERY , you have to pay up front cash when you deal with the purchase and the cost of the gold ( as it has to be in blocks, either 100 oz. gold bars or 5,000 ounces of silver ~ No less in units), plus armed delivery ( not free) and any storage costs until you actually pick it up.

    Also the exchange doesn't have to have the gold physically in their vaults to issue the paper trades as they have covering deals with almost every major gold source in the world and lastly, they aren't dumb , there is a clause in the agreement, one most verify as acknowledged to deal in the market, that says if the exchange wishes they can pay the value in cash rather than metal unless the fees for delivery on a date were paid.

    Anyone buying metals to work such a proposal ends up claiming they were cheated by the exchange, JPMorgan,etc. when it was their lack of reading the paperwork.

    Here is one article, for general reading . best to read the perspectives. Here is a starting place, but few will read as it is over a 100 pages.
    https://www.cmegroup.com/clearing/r...nancial-market-infrastructures-disclosure.pdf

    IMO, Jim
     
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  12. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Define thru the roof ??
     
  13. Kevin wu

    Kevin wu Well-Known Member

    Silver is on bull market now for next 5 years , sure it will thru roof .
     
  14. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Iam taking about dollars and cents...LOL
     
  15. Kevin wu

    Kevin wu Well-Known Member

    Lol
     
  16. masterswimmer

    masterswimmer Well-Known Member


    @Kevin wu I'm pretty sure @mpcusa is asking you what your definition of through the roof is, in dollars and cents. Not your prediction what the PM market is going to do in a five year stretch.
     
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  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Yes, that,s exactly right @masterswimmer , first let me say that i hope this
    Prediction comes true :) like i have already said i have allot of silver so this
    Would be a great thing for me as well, but you do have to be realistic, even
    though the trend is up that could change at any moment.
     
  18. FryDaddyJr

    FryDaddyJr Junior Member

    is silver goes up, other things are bad. stupid wishes for stupid people
     
  19. -jeffB

    -jeffB Greshams LEO Supporter

    Lovable as always. :rolleyes:
     
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    You cant have it both ways....LOL
     
  21. FryDaddyJr

    FryDaddyJr Junior Member


    I'll take cheap ass silver and a good economy.
     
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