Guys, I owe you an apology. I was planning to buy some silver today after going to scrapyard. I should have told you all yesterday because anytime I decide to buy silver, it's bound to move up. Call it the silverflake spike. Relatively speaking though, it's still mighty cheap in my opinion. Will still buy.
By the way, holy cow did the prices on my scrap go down from last time I went in there. I will have to post in the scrap threads but what a disappointment.
silverflake wrote:Guys, I owe you an apology. I was planning to buy some silver today after going to scrapyard. I should have told you all yesterday because anytime I decide to buy silver, it's bound to move up. Call it the silverflake spike. Relatively speaking though, it's still mighty cheap in my opinion. Will still buy.
Usually the opposite happens for most of people.
Ag has make some impressive gains over the last couple days. I did not expect we'd see a $16 handle again so quickly. It was odd how Au would move up, but Ag would lag a take a day or two to make it's move.
Bo Plony and Cliff High have been predicting big spikes in PMs, especially Ag. Right now it appears they were correct.
I'm not optimistic these recent gains will hold for long, but I hope I'm wrong. The $1280 area on gold has been serious resistance.
Re: Silver is now $15 and climbing
Posted: Thu Mar 17, 2016 2:05 pm
by pennypicker
Yesterday the Fed appeared to take near term rate hikes off the table and this continuation of more cheap money has sent the dollar downward and thus pushing gold, silver and oil upward. $16 resistance level for silver seems to be holding for now.
Re: Silver is now $15 and climbing
Posted: Fri Mar 18, 2016 3:32 pm
by AGgressive Metal
At 2014 Silver Summit Bo Plony was calling for silver spike, so I'm calling broken clock on that one, haha
Granted, most of us are long term bullish as well or we would not be stacking unless we were masochistic and/or gamblers
Re: Silver is now $15 and climbing
Posted: Fri Mar 18, 2016 3:57 pm
by johnbrickner
Well, that it's up means my wallet gets a bit tighter, especially now that govmint has raised it's deal for ASEs another buck. Will have to wait for another down turn or look harder for better value deals. Once it hits $20 I'll seriously start thinking about possibly decreasing my lower quality pieces for higher quality. Or maybe not.
Re: Silver is now $15 and climbing
Posted: Fri Mar 18, 2016 8:51 pm
by silverflake
I keep waiting for a pullback. Am i going to be caught flatfooted? That gold:silver ratio has me salivating. Guess I should take my own advice and just buy when the price goes up. And if it goes down, buy some more.
By the way, read my own previous post on this thread from a couple weeks ago. I typed it wrong, I MEANT to imply that whenever I buy silver IT GOES DOWN. So all you folks have to do is wait for me to announce I have bought silver, wait a little while, then buy on the silverflake dip.
Just clarifying.
PLEASE keep stacking
Re: Silver is now $15 and climbing
Posted: Tue Apr 19, 2016 7:28 am
by henrysmedford
Big jump today!
Re: Silver is now $15 and climbing
Posted: Tue Apr 19, 2016 7:36 am
by NHsorter
I did not want to purchase silver for fear of depleting my reserves and not having the funds to pay my tax bill. Now that that pain has passed, AND I WAS ACTUALLY ABLE TO KEEP SOME OF MY PROFIT THIS YEAR FINALLY!!! I am now able to buy a bit of metal. But dang it, look at that jump. I guess the plan now is to wait for a dip. Here's to hoping for a quick dip!! Wish I had done this 2 weeks ago.
Re: Silver is now $17 and trending higher.
Posted: Tue Apr 19, 2016 9:24 pm
by silverstacker
$17.23 at 9:24 cst wow
Re: Silver is now $15 and climbing
Posted: Tue Apr 19, 2016 9:33 pm
by Copper_Baron
NHsorter wrote:I did not want to purchase silver for fear of depleting my reserves and not having the funds to pay my tax bill. Now that that pain has passed, AND I WAS ACTUALLY ABLE TO KEEP SOME OF MY PROFIT THIS YEAR FINALLY!!! I am now able to buy a bit of metal. But dang it, look at that jump. I guess the plan now is to wait for a dip. Here's to hoping for a quick dip!! Wish I had done this 2 weeks ago.
Cmon NH. Get in. Don't want to see a sad post when we start sniffing $20
Re: Silver is now $17 and trending higher.
Posted: Tue Apr 19, 2016 11:09 pm
by Chief
11 months since we've seen $17. Will it stick and go higher?
Re: Silver is now $17 and trending higher.
Posted: Wed Apr 20, 2016 5:50 am
by Cu Penny Hoarder
There will probably be a pullback today or tomorrow.
Re: Silver is now $17 and trending higher.
Posted: Wed Apr 20, 2016 3:24 pm
by beauanderos
Cu Penny Hoarder wrote:There will probably be a pullback today or tomorrow.
well... that didn't take long
Re: Silver is now $17 and trending higher.
Posted: Wed Apr 20, 2016 7:47 pm
by pennypicker
beauanderos wrote:
Cu Penny Hoarder wrote:There will probably be a pullback today or tomorrow.
well... that didn't take long
I like pullbacks, smack downs and blondes.....they make life worth living
Re: Silver is now $17 and trending higher.
Posted: Thu Apr 21, 2016 4:15 am
by neilgin1
Chief wrote:11 months since we've seen $17. Will it stick and go higher?
Chief, didja notice, the "waiting for the pullback" setting?.....as it's a "given"?
when we do a weekly close over 19?...standby, make a ready deck! $50 will be a speed bump and nothing more.
the lamp is lit, smoke 'em if ya got 'em
Re: Silver is now $17 and trending higher.
Posted: Fri Apr 22, 2016 4:46 am
by neilgin1
Friday 22 April 2016
July Ag 17.22 up 8 cent....they just cant push it down!
oh sure, there will be back and fills, we going to $19. once that happens, tired and weary stackers will be selling, and that selling will just be overwhelmed.....don't do it! think of your kids and grandkids, its headed for $250 a toz...("oh there he goes again!")
just watch.....you don't ramp up M3 from 2 trillion to 4 trillion in paper and electronic fiat in the last 8 years, without someday trashing the currency....its like trying to defeat gravity....a fool's errand.
and ya'll aint fools...my evidence for that statement of fact?....this forum.
Re: Silver is now $17 and trending higher.
Posted: Fri Apr 22, 2016 8:14 am
by Cu Penny Hoarder
neilgin1 wrote:
Chief wrote:11 months since we've seen $17. Will it stick and go higher?
Chief, didja notice, the "waiting for the pullback" setting?.....as it's a "given"?
when we do a weekly close over 19?...standby, make a ready deck! $50 will be a speed bump and nothing more.
the lamp is lit, smoke 'em if ya got 'em
Interesting how they dumped $3 billion dollars in PM contracts and it barely affected the prices. If they had done that in 2011/12 PM prices would've been smashed into oblivion.
IMO, $50 will be significant resistance. Many will sell at that level. TPTB will do absolutely everything in their power to keep it down.
Tough roller-coaster ride ahead. Extreme patience will be required.
Re: Silver is now $17 and trending higher.
Posted: Sun Apr 24, 2016 12:25 pm
by smalltimeopn
There is an excellent interview on Greg Hunter's YouTube channel of Bill Holter. It was posted 4/23. I won't link it here but very easy to find by searching for Greg Hunter USA Watchdog.
Re: Silver is now $17 and trending higher.
Posted: Sun Apr 24, 2016 7:58 pm
by Cu Penny Hoarder
smalltimeopn wrote:There is an excellent interview on Greg Hunter's YouTube channel of Bill Holter. It was posted 4/23. I won't link it here but very easy to find by searching for Greg Hunter USA Watchdog.
smalltimeopn wrote:There is an excellent interview on Greg Hunter's YouTube channel of Bill Holter. It was posted 4/23. I won't link it here but very easy to find by searching for Greg Hunter USA Watchdog.
oh my!!! what can one say?....I watched that...its very coherent, stat based, and i'm so bullish $250 a toz Ag is "conservative" to me.....but watch, we hit crazy levels?.....gummit gonna slap a 50% "windfall tax" on all silver sales, at least those that are done in the white market.
Re: Silver is now $17 and trending higher.
Posted: Tue Apr 26, 2016 5:56 pm
by smalltimeopn
Bill Holter seems to make a lot of sense to me. The question remains how much longer they keep the fraud going even when it is exposed and in the open. It will be interesting to sit back and watch the fireworks all the while adding to one's position.
Re: Silver is now $17 and trending higher.
Posted: Tue Apr 26, 2016 7:32 pm
by Thogey
Silver is going up fast. Kitco needs to re-scale the chart.