Silver getting crushed today

$16.49 I am buying um well let's see probably something.

 

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oh look ...

 

"And five or six years ago, we were assured that a time would come when we would kick ourselves for not buying at $34 an oz. Still waiting..."



Anything below $15 an ounce or so and the mines start going out of business. It costs them around $14-15 to pull an ounce of silver out of the ground. TPTB know this so that's why they don't manipulate it below that point. They wont shoot themselves in the foot. The only thing that kept them going through the Dec. 2015 bottom was that fuel prices were especially low as well this time. I am not bashing anybody and it is good to have a dip/buy point. Lets have fun with this and see who can predict the bottom of this dip. I'm going with $16.25 ASK

 

yeah, I'm always tempted into buying ASEs
I just like that large stacks of them glistening in the bright lights, the sound of them, and the size and mass.

Much better than the equivalent priced gold AGEs which are small and teeny versus a whole roll of ASEs.

But I do like my gold too.

 

Don't look at the three day chart - look at the one year chart. This is what is happening:

 

yeah but that takes the fun out of it !!

 

When it was briefly manipulated below $10 several years ago after having been around $20 there were a lot of junior miners DID go out of business. I don't think that is enough to stop them. If they want to make money then they will and they won't care about anyone else.

 

When I look at the one year chart I see a choppy generally downward market with no sign of a significant turn of any kind. The stuff from the 25Aug line and rightward looks especially bearish to me.

 

sakata doesn't realize that cost of production is utterly irrelevant. It just doesn't matter to markets, and it never has.

Oh, and @Deadline, you need to know that too. And that this isn't a "dip", it's a generic bear market.

 

this article might interest you ==> https://www.bloomberg.com/news/articles/2017-10-27/gold-mining-gets-wired

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might like this too ==> http://www.marketwatch.com/story/how-youll-know-when-its-time-to-buy-gold-2017-10-27

 

.. oops

 

Everyone has their own number of what is cheap enough. I don't buy the whole idea that silver is way undervalued and/or manipulated. There are large mines producing profitably below $10.

 

There are very few large mines which produce only silver. Those who produce it as a byproduct of other metals may be able to make it for less than $10 but I doubt there are many small ones can.

 

I don't think mining companys will stop production due to short term moves in markets...they have sufficient funds to stockpile bullion during bearish times. If you draw the line thuu the last 5 years of charts, the markets have either remained level or slightly dropped, but are not on an upward move.

 

Depends on which mining companies you are talking about. It does not affect the big ones as much as the junior. But juniors are where a lot of the new mines start out. Juniors are where there is a lot of money to be made in the stock market if you are lucky enough to guess correctly.

 

I can't guess what may happen with junior mining companies, but as an investment, I will remain in stock markets for the long term, as most financial planners will advise.

 

Financial planners have a vested interest in keeping you in the stock market so of course they are going to advise that. If you have done your own research and still believe you should be in it then that it a different matter. But being a lemming is not usually the best option.

I also am in the stock market but monitor it very closely. I have a portfolio of high dividend stock, each of which I dump if the dividend drops or if the financials indicate a pending drop, and highly volatile junior stocks which I get in and out of quickly as circumstances demand. I am not in for the long term - only as long as I continue to see a profit.

 

I read an article not too long ago, can't seem to find it in my history, where there was a silver analyst that made a lot of interesting points. I remember him saying that $19 was the cutoff point for silver. Below it it's a bear market, above it it's on a bull run.

 

Intentionally inflammatory language.

 

Silver was over $19 a year and a few months back. Not very Bullish for long as it dove back down.