Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. Clawcoins

    Clawcoins Well-Known Member

    The general stock market just breached 24,000
    upload_2018-12-10_11-2-48.png

    upload_2018-12-10_11-3-11.png
    upload_2018-12-10_11-3-29.png


    as all the PMs head down too, putting breaking pressure on that cup handle.
    upload_2018-12-10_11-4-41.png
     
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  3. EdThelorax

    EdThelorax Active Member

    You said the C word in a gold/silver forum and didn't get in trouble?? This is going to be fun. I promise to try to keep it metal related.
    [​IMG]
    How many oz gold it takes to buy one bitcoin.
    [​IMG]
     
  4. EdThelorax

    EdThelorax Active Member

    It is a monthly chart, the pattern has plenty of room for lower prices and lots of time, like years. But beware as the SM falls, the first things to be sold to cover margins are the most liquid. Metals and now crypto. It's my opinion that the powers that control the SM will not allow PM's or crypto to appear be a safe haven. Similar to 2001 and 2008.
    If the DOW breaks the low between the double top (blue dashed) the target of the DT pattern would be the blue dotted. The vertical blue are price change markers.
    [​IMG]
     
  5. Clawcoins

    Clawcoins Well-Known Member

    another try this morning as it tries to shoot to the moon
    upload_2018-12-12_6-12-51.png

    I went perusing around looking for US Platinum a bit and most of the major websites have NILL ... all fractional PL APEs are gone from most websites (eBay excluded, but even eBay is far fewer than in the past). Ppl have been snatching up PL like crazy I guess.
     
    Last edited: Dec 12, 2018
  6. Clawcoins

    Clawcoins Well-Known Member

    Oddly, I was reading about mortgage rates going down, even though as we know the Fed interest rates are going up. Although a flattening yield curve thus showing it's head in long term mortgages which usually at some point get packaged up and sold as long term bond security packages. So, this may prop up house buying a bit.

    So today, the US Dollar Index, one of the stronger PM reverse correlated indicators is up,
    upload_2018-12-13_10-21-38.png

    whilst, the market is up, and Silver is
    upload_2018-12-13_10-22-21.png

    Along with Gold going down ?
    upload_2018-12-13_10-22-58.png

    and my Favorite, Platinum. After breaching above $800 (it's been a while it seems), it dipped back down.
    upload_2018-12-13_10-23-49.png
     
  7. Clawcoins

    Clawcoins Well-Known Member

    Oddly, I'm really curious if the Gold Hedgers will shift some of their monies from Gold into Palladium, or will it strictly be tied to Catalytic Convertors. As when they did that from Platinum into Gold as a stable Money Holdings. So we have to wonder if Gold is gonna lose it's Shine versus Palladium such as when Platinum lost it's shine to Gold.

    upload_2018-12-13_10-34-36.png

    Silver will always shine as it's so cheap by comparison.

    If the Gold/Palladium shift occurs, expect Gold to retreat to $800ish .. of course, that's pure speculation.
     
  8. abuckmaster147

    abuckmaster147 Well-Known Member

    finally got my xmas ase's worth close to a buck a piece more than I paid already.
     
    Clawcoins likes this.
  9. Clawcoins

    Clawcoins Well-Known Member

    Spot is up about 50 cents of when my last order went in.

    Glad you finally received yours.
     
    abuckmaster147 likes this.
  10. Nicholas Molinari

    Nicholas Molinari Well-Known Member

    Are rcm 100oz bars the best way to go for getting silver bullion? I assumed so and picked some up today. I hadn’t checked silver prices in ages and was surprised it was below $15/oz.
     
  11. Clawcoins

    Clawcoins Well-Known Member

  12. -jeffB

    -jeffB Greshams LEO Supporter

    And now they're hotly denying it, but in oddly specific phrasing:

    https://www.marketwatch.com/story/j...y-powder-is-false-and-inflammatory-2018-12-14

    "...well, now it is."

    "...and, as we've noted all along, talc has always been the main ingredient of our product."

    Maybe I've just gotten too cynical, but it's hard for me to read this as a factual denial.
     
  13. CoinCorgi

    CoinCorgi Derp, derp, derp!

    Do bitcoins contain asbestos? Or is it silver bars?
     
  14. Clawcoins

    Clawcoins Well-Known Member

    dropping to $14.56 today so far
    upload_2018-12-14_14-42-40.png
     
  15. Clawcoins

    Clawcoins Well-Known Member

    Silver contain LSD laced asbestos
    Thus the reason you have to be crazy to buy it. :)

    Bitcoins is just another dimension of virtual craziness.
    how many virtual bitcoins equal 1 oz of Silver by weight ?
     
  16. Nicholas Molinari

    Nicholas Molinari Well-Known Member

  17. abuckmaster147

    abuckmaster147 Well-Known Member

    I scored 2 1943 dimes and a 45 D WLH from my daughter in law for my B day yesterday. I told my son a few weeks ago silver and AA batteries for my trail cams. Holy F bombing batteries !!!! he gave me a box of 100 amazon alkalines and when I asked what I was getting for Xmas he said more of the same, LOL
    BTW 7 trail cams X 8 AA's a peice. Maybe I should get a hold of all the lonely moms in the neighborhood!!! ;);):rolleyes::rolleyes:
     
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  18. longnine009

    longnine009 Most Exalted Excellency

    Maybe they're lacing wall street's laxative with something. They sure are busting out pucks with monotonous "regularity."
     
  19. Clawcoins

    Clawcoins Well-Known Member

    Are those batteries Silver-Oxide batteries ??
     
  20. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Safes and vaults from the 50-60s often used asbestos for fire prevention. Diebold safe manufacturer's workers have sued for long disease.
     
  21. Clawcoins

    Clawcoins Well-Known Member

    In the last few days Silver has whipsawed (of course it's happening all the time). You can see the direct correlation to the US Dollar Index whipsawing PMs. I've shown numerous USD Index charts in the recent past if you want to check history.
    upload_2018-12-20_8-11-57.png

    upload_2018-12-20_8-12-15.png

    As the US Dollar Index has more of a direct impact, there's a long term manipulator out there that saps away PM valuation.

    Many want to identify "one" thing as an anti-PM .. the stock market, or this or that. But there many items that affect PM prices in varying impact percentages where some become more impactful in certain situations than others. One in the news lately is Interest Rates.

    SDBullion.com has a writeup recently of it, where they disregard interest rates although then state "Gold prices do react to real interest rate increases. Typically rising real interest rates are found in economies with sound economic policies, low debt levels, strong property rights / law systems, low taxes, good demographics, and a rising tide of production capacity to attract capital"

    okay, so name a country that has have low debt levels, strong property rights etc. Oh, they must be talking about either Canada, Mexico or Venezuela .. or somewhere in between.

    Of course if you look it up I think Afghanistan and Libya are very low in debt to GDP (excluding islands and small states) but I wouldn't think they rank high with property and law systems, taxes, demographics and a "rising tide of production capacity" nor are driving towards that any time soon.

    So no details in the SDB article .. just hyperbole. Conspiracy types, don't like detail and prefer hyperbole anyways so it's a perfect read for some. This isn't a perfect world, and the calculations should not create 100% direct correlation especially "all the time".

    That SDBullion article though is a good read .. albeit you have to shovel out the junk they spew directed towards ppl that feed on "PMs are it" mentality. https://sdbullion.com/blog/gold-vs-interest-rates/

    So in contrast to everything they're spewing I'll use their Chart of Interest Rates vs PM prices ...
    upload_2018-12-20_8-26-11.png
    you can clearly "see" some type of a correlation here of just Interest Rates vs PM Price. Although, as mentioned, one should not try to correlate only ONE THING to gold prices. It is a combination of a lot of things that their impact varies over time.

    After all, look what happens to the market nowadays with just a Twitter tweet.

    But why are interest rates important. I was thinking about this again this morning when I looked at my Recast account. In this entire thread we talk about Mortgage Recasts so you'll have to look back. But my one account that I build my recast $$ in has a little over $3k in it. And the interest this month was $6.02.
    upload_2018-12-20_8-28-38.png

    That is $6.02 of a known yield. Of course PM has no yield at all. So on a low balance I can get a guarantee $72 a year if I do nothing with $3k. That is not guaranteed with PMs.

    Think of it. Would you like $72 in your pocket at the end of the year for doing nothing? If PM was some form of security it would have positive and negative interest rates/yields. How would you like to pay someone $72 at the end of the year becz Gold prices dropped?

    I have another security from 1991 that has a fixed minimum of 5.5% APY. that acct pulls in more but I'm not allowed to increase my deposits. I can't change a thing otherwise the security gets reset to current everything so I just leave it alone. I'm sure it peeves the company as this package was only available for 6 short months back in 1991 before they realized it was a losing security and they pulled it. Ha, suckers !!
    upload_2018-12-20_8-40-41.png


    But anyways, Savings, money market etc are sapping away ppl with spare $$ into investing into PMs with we're talking nominal interest rates or interest rates after inflation.

    I'm curious how that affects ppl here in PM purchases. I assume it has low impact as PM buyers are always PM buyers.

    I want to keep buying PMs because it's pretty and it makes this neat "cling" sound and it's in my hand and I can look at it. But the other half of my brain likes the guarantee of net worth numbers increasing in the virtual world.

    But of course this does not take into account other impact items such as Supply and Demand. Remember in 2011 when everyone was taking their jewelry to the local Gold "We Buy Gold by the gram" Buyer ? Higher prices can increase supply dramatically during speculative spread buying.

    So here's the lat 5 years of Fed Interest Rates
    upload_2018-12-20_9-17-57.png

    and the last 5 years of Gold. Oops, no real strong, direct visual correlation there.
    upload_2018-12-20_9-21-29.png

    With this chart you'd think there's more correlation to Oil (Black Line) than the US Dollar (green line), and stock market (orange line)
    upload_2018-12-20_9-23-41.png


    But anyways, there's not one person in the world who's advice they follow. Everything varies and everyone has varying investment ideologies.

    Interest rates can put cash in your pocket without losing anything and it affects some ppls decisions. Maybe not the entirety of their decision, after all I only put some monies into Savings and not all.

    And it shows, there not "one answer" to what drives PM prices.
    Is there manipulation .. sure I'm sure ppl play the speculative spreads which creates volatility. Ppl who are short term, long term .. buy it because it looks pretty. Are secondary buyers in jewelry, etc.

    But today Silver is UP
    upload_2018-12-20_9-28-4.png


    FYI .. if you go back a few pages, you'll see when I said to BUY Gold and Silver as I thought it would start to rebound when gold was under $1200 ... another good, lucky timing buy. :)

    @abuckmaster147 @LA_Geezer
     
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