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Silver takes another hit. How low will it go?

PostPosted: Thu Oct 30, 2014 6:58 pm
by mongo
Is there a logical reason other than manipulation why silver keeps going down. Im puzzled by this I would like your insights and observations. Any thoughts?

Re: Silver takes another hit. How low will it go?

PostPosted: Thu Oct 30, 2014 7:09 pm
by 68Camaro
Market is favoring the dollar which is going up relative to everything else and traders are selling other stuff to put into dollars (as ridiculous as that sounds).

Re: Silver takes another hit. How low will it go?

PostPosted: Thu Oct 30, 2014 7:32 pm
by brian0918
There's a whole big world out there. We PM nuts are only a small part of it. People will keep throwing good money after bad... until they can't any longer.

Re: Silver takes another hit. How low will it go?

PostPosted: Thu Oct 30, 2014 7:37 pm
by cupronickel
end of QE3

Re: Silver takes another hit. How low will it go?

PostPosted: Thu Oct 30, 2014 7:39 pm
by brian0918
Also - silver is not going down. Mine still weighs the same. It's the dollar that is fluctuating. If you're hoping for your PMs to increase in dollar-price, then you're really still considering the dollar as money, not gold/silver. You're planning to convert your PMs to cash, and will then consider yourself wealthier as a result. But you will have traded away the real money.

At the time when gold/silver skyrockets in dollar-price, it would be crazy to dump PMs for cash, which would likely be experiencing hyperinflation.

Re: Silver takes another hit. How low will it go?

PostPosted: Fri Oct 31, 2014 3:01 pm
by 93_Confirmed
brian0918 wrote:Also - silver is not going down. Mine still weighs the same. It's the dollar that is fluctuating. If you're hoping for your PMs to increase in dollar-price, then you're really still considering the dollar as money, not gold/silver. You're planning to convert your PMs to cash, and will then consider yourself wealthier as a result. But you will have traded away the real money.

At the time when gold/silver skyrockets in dollar-price, it would be crazy to dump PMs for cash, which would likely be experiencing hyperinflation.


Well said. These fundamentals need to driven home to all the newbie stackers - especially those with weak hands.

Re: Silver takes another hit. How low will it go?

PostPosted: Fri Oct 31, 2014 5:11 pm
by beauanderos
brian0918 wrote:Also - silver is not going down. Mine still weighs the same. It's the dollar that is fluctuating. If you're hoping for your PMs to increase in dollar-price, then you're really still considering the dollar as money, not gold/silver. You're planning to convert your PMs to cash, and will then consider yourself wealthier as a result. But you will have traded away the real money.

At the time when gold/silver skyrockets in dollar-price, it would be crazy to dump PMs for cash, which would likely be experiencing hyperinflation.

The only reason I plan on selling any more of mine (at MUCH higher prices) will be to pay off a few bills.

Re: Silver takes another hit. How low will it go?

PostPosted: Mon Nov 03, 2014 7:45 pm
by silverflake
Just placed a new order with Provident. Can't beat these prices. As far as trading our PM's for dollars, we need to keep hammering the point that these are not 'investments' like stocks. These are insurance.

Also, I do plan on trading some for land some day.

Keep stacking.

Re: Silver takes another hit. How low will it go?

PostPosted: Thu Nov 06, 2014 5:23 pm
by agnostic
Paper silver will go much lower so all the shorts can cash settle for lower.