Silver - $27 going to Zero! Call your boss..beg for job back

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Re: Silver is now $18 and climbing like a rocket.

Postby aloneibreak » Thu Jun 30, 2016 9:51 pm

68Camaro wrote:According to kitco the spot price hit 19.09 as a moment in time.


and GSR at 70...
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Re: Silver is now $18 and climbing like a rocket.

Postby henrysmedford » Thu Jun 30, 2016 11:03 pm

Years ago I bought junk a $19.20 and did not sell at $48.Nice to be even Steven.
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Re: Silver is now $18 and climbing like a rocket.

Postby cooyon » Fri Jul 01, 2016 12:37 am

GSR 69
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Re: Silver is now $18 and climbing like a rocket.

Postby 68Camaro » Fri Jul 01, 2016 9:09 am

There is a rate of rise that is satisfying, but past that it starts to get a bit alarming. I'm one of the believers that PM prices have been suppressed and will eventually rise, so it's good to see a consistent rise since the bottom at the start of the year as a confirmation of that belief, but the relatively sudden lack of suppression is concerning. Either they've run out of bullets or there is something else that has the greater attention of TPTB, and I'm of the opinion that neither can be good for society as a whole. PMs are one of several necessary forms of protection against those possibilities, but it doesn't mean I will enjoy their occurrence!
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
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Re: Silver is now $18 and climbing like a rocket.

Postby blackrabbit » Fri Jul 01, 2016 9:14 am

$19.35 this morning. :mrgreen:
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: Silver is now $19......$50 by the end of July?

Postby Rodebaugh » Fri Jul 01, 2016 10:00 am

Updated the title to fuel the hysteria. :)
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Re: Silver is now $19......$50 by the end of July?

Postby IdahoCopper » Fri Jul 01, 2016 10:03 am

01 Jul is the beginning of many fiscal years.
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Re: Silver is now $18 and climbing like a rocket.

Postby beauanderos » Fri Jul 01, 2016 11:10 am

68Camaro wrote:There is a rate of rise that is satisfying, but past that it starts to get a bit alarming. I'm one of the believers that PM prices have been suppressed and will eventually rise, so it's good to see a consistent rise since the bottom at the start of the year as a confirmation of that belief, but the relatively sudden lack of suppression is concerning. Either they've run out of bullets or there is something else that has the greater attention of TPTB, and I'm of the opinion that neither can be good for society as a whole. PMs are one of several necessary forms of protection against those possibilities, but it doesn't mean I will enjoy their occurrence!

This is the LONG overdue recoil from sustained manipulated suppression. About half the move is what might be considered natural market price discovery (finally :roll: ) while a strong component of the move is a desperate short-covering spike. imho :shifty:
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Re: Silver is now $19......$50 by the end of July?

Postby 68Camaro » Fri Jul 01, 2016 12:59 pm

Must be some silver short-covering involved (which suggests a pull-back and re-consolidation here at some point) because while gold is trending solidly up it's not at the same meteoric rate. GSR now 68.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Silver is now $19......$50 by the end of July?

Postby fasteddy » Fri Jul 01, 2016 1:32 pm

is it time to move from silver to gold yet?
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Re: Silver is now $19......$50 by the end of July?

Postby 68Camaro » Fri Jul 01, 2016 1:37 pm

There are others here who have put more thought into the gsr trade than me so I'll be interested to hear other views, but I expect the ratio to renormalize back well below 50. Maybe eventually even below 20. So if you're trading only on gsr it seems way premature.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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Re: Silver is now $19......$50 by the end of July?

Postby blackrabbit » Fri Jul 01, 2016 4:04 pm

Up a buck, welcome to the weekend of hysteria!
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
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Re: Silver is now $19......$50 by the end of July?

Postby Oakair » Fri Jul 01, 2016 5:15 pm

My futures contracts with a Jan 2017 expiry date are flying.

Im happy I had some skin to throw in a few weeks back and was prepared to lose it all...up over 100% at present and have never seen such a successful options contract in my account before haha
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Re: Silver is now $18 and climbing like a rocket.

Postby Cu Penny Hoarder » Fri Jul 01, 2016 5:49 pm

68Camaro wrote:There is a rate of rise that is satisfying, but past that it starts to get a bit alarming. I'm one of the believers that PM prices have been suppressed and will eventually rise, so it's good to see a consistent rise since the bottom at the start of the year as a confirmation of that belief, but the relatively sudden lack of suppression is concerning. Either they've run out of bullets or there is something else that has the greater attention of TPTB, and I'm of the opinion that neither can be good for society as a whole. PMs are one of several necessary forms of protection against those possibilities, but it doesn't mean I will enjoy their occurrence!


I have the same exact concerns. When you see the price flying upwards unabated, you really have to wonder. Short covering, or panic buying? Are TPTB losing control? I guess we will find out soon enough.
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Re: Silver is now $19......$50 by the end of July?

Postby bankmining » Sun Jul 03, 2016 7:23 pm

There's $20
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Re: Silver is now $19......$50 by the end of July?

Postby Country » Sun Jul 03, 2016 7:24 pm

Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
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Re: Silver is now $19......$50 by the end of July?

Postby bankmining » Sun Jul 03, 2016 7:29 pm

Country wrote: $20


Beat you by a minute, but yours looks prettier :clap:
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Re: Silver is now $19......$50 by the end of July?

Postby Country » Sun Jul 03, 2016 8:33 pm

OK.. SILVER IS NOW AT $20.40 !!

Now, what's going on here? Probably thin holiday trading, but COULD IT BE A MASSIVE SHORT SQUEEZE ?

:mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen: :mrgreen:

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Re: Silver is now $19......$50 by the end of July?

Postby cooyon » Sun Jul 03, 2016 8:38 pm

20.45 now, GSR 66.22
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Re: Silver is now $19......$50 by the end of July?

Postby AlexTG » Sun Jul 03, 2016 8:41 pm

I'm not ready to the price to go up... I need to do more buying!
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Re: Silver is now $18 and climbing like a rocket.

Postby Market Harmony » Sun Jul 03, 2016 9:05 pm

Market Harmony wrote:Unfortunately (or fortunately, depending on perspective) $20 is not far away on the timeline


Boom! $27.50 target... not much between
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Re: Silver is now $19......$50 by the end of July?

Postby aloneibreak » Sun Jul 03, 2016 9:30 pm

margin hikes on tuesday ?
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Re: Silver is now $19......$50 by the end of July?

Postby slickeast » Sun Jul 03, 2016 10:23 pm

Silver was past $21 for a little while
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Re: Silver is now $19......$50 by the end of July?

Postby johnbrickner » Sun Jul 03, 2016 11:33 pm

viewtopic.php?f=9&t=36688&hilit=gold+silver+ratio

This was a great discussion started by MH at the start of the year. Lots of good info about the GSR here. As far as trading silver for gold goes, I'd easily swap out 1/3 of my silver for gold at 45, 1/3 again at 30, the rest at 15. Then sit back and wait for the ride back to 80.

I'd also consider the circumstances at the time and give my self wiggle room to increase or decrease at any number between, higher or lower. For example, like this year/now: If we just shot past 45 like we shot past 70 last March/April or even the way we just did again in the last two months, I'd be inclined to wait a little while and see what happens.

I may even be so inclined to trade it all at 45. We'll see.

Revisited my Jan 10 post from above and found a slight error, corrected regarding Apr. 2011 trade.
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Re: Silver is now $20...Somebody call Barrytrot!

Postby Rastatodd » Mon Jul 04, 2016 2:46 am

I did a GSR trade back when we were at the 80:1 ratio. I traded my 1/4 AGE for two 10 NTR bars. Wish I had more gold at the time to trade, but I convent my gold. But with this silver boom here the trade looks like a a deal that worked to my favor. That doesn't happen all the time. I'm with AlexTG. I need more time to buy 5ouncers at $77 and 10ers at $164. I just can't see myself paying over a $100 for five ounces of silver. I just can't pull the trigger right now in a silver purchase. Must be a issue of enjoying a five year bear market in precious metals.
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