Silver getting crushed today

Sorry @abuckmaster147
I was in such a hurry I forgot to strap down the cargo and latch the rear door tightly.
You may have to go find your assets back in mother russia. I was in a hurry to get out of there before anyone found out ... https://twitter.com/i/moments/974243713823203338

Plane carrying $368 million of gold loses cargo after door breaks
World news 49 minutes ago
A plane with ten tons of gold, platinum and diamonds lost some of its cargo after taking off from an airport in Russia, according to The Siberian Times and other sources. The incident took place in the far east city of Yakutsk. Police have sealed off the runway and a search is underway.

LOL

 

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Buy the tickets to siberia and lets go detecting.

 

Yea its weird ampex , Ebay, and another wanted the 138.00 for the same coin. So I used the code and went for it. My Grandkids will probably be happy someday.

 

After three nor'easters, Upstate New York can't catch a break
March started off with a monster coastal storm that dumped up to 40 inches of snow in Upstate New York, snapped limbs off thousands of trees and knocked out power to tens of thousands of customers. Two more nor'easters followed, and it's not over yet: Long-term forecasts predict a colder-than-normal second half of the month, and computer models are hinting at perhaps three to four more storms before April begins.

 

Golden showers just got better.

https://www.zerohedge.com/news/2018-03-15/russian-plane-loses-tons-gold-and-precious-metals-takeoff

 

What took you so long? Look 4 posts up ^^^^

 

Is there a penalty? ^^^^

 

Yes, the penalty is $368 million in Gold Bullion. Ship it to @abuckmaster147 . He'll bury it in his back yard.

Just send it by truck or rail. Not by airplane.

 

We will dig up a mil a piece for ten years and then have a big party when statute of limitations is up!!

 

oh I forgot better bring you winter coat and warm boot!

 

This also fell out of the back of my airplane ...

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I guess an ounce of gold and an ounce of silver both fall from the sky at the same rate.

 

No it is because I bought that coin yesterday HAPPENS EVERY TIME.

 

I'll just sit here and smile at the Priority Mail box containing five 2-ounce rounds that I sold on eBay yesterday.

And try not to think too much about the rest of the rounds.

 

Late breaking news from Yakutsk:

 

Hey Jeff I do not own a 2 ounce round , If you want to keep that in mind?

 

I own ONE, 1 ounce round of the Lunar Moon Landing (a german design apparently)
Everything else is US coinage stuff, US 5oz ATB, ASEs, etc.

 

Looks like silver should break out this year ==> https://www.marketwatch.com/story/silvers-poised-to-outpace-gold-this-year-2018-03-05

 

Or gold will tank???

 

Yeah but they are predicting Silver to go to $18 or higher.
I cannot imagine <sarcasm > what $18 silver looks like ... except for last year.

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Of course, we have their last paragraph too ...

"That said, he also warns of a possible dip to the mid-$15 range, particularly if the 10-year Treasury yield hits 3%. “Breaking that benchmark would likely lead to short-term havoc in risk assets, leading investors to sell the metals to meet margin calls,” Lundin says."

The other irony, is they talk about demand with Solar Panels. From what little research I've done ... a few years ago they started using an alternative to Silver in solar panels as it's much cheaper and still as good. So I see Silver demand for solar dropping. But I haven't looked into it any time recently.

oh yeah ... here's one of the articles I read ==> https://www.printedelectronicsworld.com/articles/8333/solar-cell-that-eliminates-use-of-silver

with an interesting statistic
"Roughly 1.5 million ounces of silver are currently required to generate 1 GW of solar power. That demand translated into roughly 60 million ounces of silver in 2014, or about 6% of the total demand for the metal. Before Natcore's achievement, that demand was projected to rise to 15% of the total market in 2018."

@abuckmaster147

 

Provident ASEs any year has a high premium right now though is the cheapest ASE.
$19.54 for up to 19 with spot at $16.45. That's over a $3 premium.

I've seen this many times before where spot goes down, and they increase premium. And many ppl who see spot go down go and buy, buy buy but don't notice the prices haven't changed.

The 2017s are over $20 at $20.12 .. their prices seem to be going up too.