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

and GSR at 70...

Years ago I bought junk a $19.20 and did not sell at $48.Nice to be even Steven.

GSR 69

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!

$19.35 this morning.

Updated the title to fuel the hysteria.

01 Jul is the beginning of many fiscal years.

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 ) while a strong component of the move is a desperate short-covering spike. imho

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.

is it time to move from silver to gold yet?

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.

Up a buck, welcome to the weekend of hysteria!

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

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.

There's $20

Country wrote: $20

Beat you by a minute, but yours looks prettier

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 ?



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20.45 now, GSR 66.22

I'm not ready to the price to go up... I need to do more buying!

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

Boom! $27.50 target... not much between

margin hikes on tuesday ?

Silver was past $21 for a little while

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.

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.