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

[Cu Penny Hoarder]

Patiently waiting for the resurgence of PMs. We will soon see ....

IMO, this is the beginning of the resurgence.

It will NOT go straight up though. There will be pullbacks. I think we are due for one soon.

[neilgin1]

About a 8% gain since the beginning of July, however short term price movements are not very important. Wasn't there a guy here who sold his entire stash at $14? - ouch.

Notice how many people have disappeared from this forum since 2011. I wonder how many are still posting since then? I'd guess around 25%. I expect a substantial increase in posts as the price goes up. Herd mentality is a interesting thing. Observe the people around you, your family, friends and co-workers... notice how rare contrary and critical thinkers are.

Penny.....hey bud, that was a great post....and true.....i havent gone away, just didnt have much to say, i was waiting for $18 punchthru, plus, i wrote in another post, where that new guy asks "where's the 90's?" (lolz)...i had another severe heart attack on 6 May, but God wants me to stay here awhile......so, recovering good, etc etc........i aint gonna ask who bailed at $14,,,,,,but, itz the way you view Ag.......Ag is NOT an investment!!!!!....its currency INSURANCE!!!! (DAG NABBIT!!!!) why would i EVER give away good Ag for paper money?....to me, that question is like asking, what do you want to dip these good hot tasty french fried taters in?......Sweet Baby Rays BBQ sauce.....or steaming pig turds?.......see what i'm getting at?..........Here's my offer to anyone, (dont laugh) i'll trade 15 one toz .9999 Canuck Ag Maples for one toz .999 Au coin.........oh man, i do want some french fried taters, much love to you all, neil

[neilgin1]

I am looking forward to offloading my $27 silver at some point in the next 5 years! I have appreciated the time (and prices) to dollar cost average since then, but it will still be nice to offload this $27 silver...lol.

Jay....my bro........no no no!!!!! in a very short while, a loaf of bread might cost "$27".......we are so so close war, either global OR civil.....and please hear me.....I PRAY i am wrong....Our macro generation in America has known only good times, even though all of us have known personal sadness.....yes......but now, i feel it's our turn to suffer....again i pray i'm wrong.....in 2004, i remember when this tragedy happened in Beslan......North Ossetia......even though they are not American's, my heart broke for them, so let me post a documentary, IF, you want to see the darkness coming.....God protect all RC'er's, neil

[youtube]https://www.youtube.com/watch?v=mtPLXPGUr3c&t=55s[/youtube]

[Cu Penny Hoarder]

About a 8% gain since the beginning of July, however short term price movements are not very important. Wasn't there a guy here who sold his entire stash at $14? - ouch.

Notice how many people have disappeared from this forum since 2011. I wonder how many are still posting since then? I'd guess around 25%. I expect a substantial increase in posts as the price goes up. Herd mentality is a interesting thing. Observe the people around you, your family, friends and co-workers... notice how rare contrary and critical thinkers are.

Penny.....hey bud, that was a great post....and true.....i havent gone away, just didnt have much to say, i was waiting for $18 punchthru, plus, i wrote in another post, where that new guy asks "where's the 90's?" (lolz)...i had another severe heart attack on 6 May, but God wants me to stay here awhile......so, recovering good, etc etc........i aint gonna ask who bailed at $14,,,,,,but, itz the way you view Ag.......Ag is NOT an investment!!!!!....its currency INSURANCE!!!! (DAG NABBIT!!!!) why would i EVER give away good Ag for paper money?....to me, that question is like asking, what do you want to dip these good hot tasty french fried taters in?......Sweet Baby Rays BBQ sauce.....or steaming pig turds?.......see what i'm getting at?..........Here's my offer to anyone, (dont laugh) i'll trade 15 one toz .9999 Canuck Ag Maples for one toz .999 Au coin.........oh man, i do want some french fried taters, much love to you all, neil

Neil, I always liked your posts... I'm very glad you're still around... and I hope you are feeling much better now!

[pennypicker]

Neil, glad to see you back and hanging in there. Over the years I've enjoyed your posts more then anyone else here on the boards--love your knowledge, foresight and enthusiasm!!!

[Recyclersteve]

JFF claimed to have the tools that would let him see their moves and stay ahead of them

Who is JFF?

[Gamecock]

JFF claimed to have the tools that would let him see their moves and stay ahead of them

Who is JFF?

JohnFlyFish?

[henrysmedford]

4/24/2011 $3,000 FV junk got you a $100K!



100k by Karen, on Flickr

[JJM]

I am looking forward to offloading my $27 silver at some point in the next 5 years! I have appreciated the time (and prices) to dollar cost average since then, but it will still be nice to offload this $27 silver...lol.

Jay....my bro........no no no!!!!! in a very short while, a loaf of bread might cost "$27".......we are so so close war, either global OR civil.....and please hear me.....I PRAY i am wrong....Our macro generation in America has known only good times, even though all of us have known personal sadness.....yes......but now, i feel it's our turn to suffer....again i pray i'm wrong.....in 2004, i remember when this tragedy happened in Beslan......North Ossetia......even though they are not American's, my heart broke for them, so let me post a documentary, IF, you want to see the darkness coming.....God protect all RC'er's, neil

[youtube]https://www.youtube.com/watch?v=mtPLXPGUr3c&t=55s[/youtube]

hey neil, good to hear from you, hope you are bouncing back well from the "ticker" issues.... (i can relate all too well...) i probably fear domestic troubles more than international ones at this point, hard to believe it's been ~15 years since that schoolyard horror..... but it's true, the $27 silver i purchased will all get turned into FRN's. probably out of spite, it will feel good though! most (or all) of the sub $27 silver around here will get probably get turned into an easier to transport safe haven at some point once the GSRatio gets closer to it's historical norm. in the meantime, probably time for many of us, myself included, to consider a second passport in our "preps". keep the faith, john

[pennypicker]

[quote="henrysmedford"]4/24/2011 $3,000 FV junk got you a $100K!

Hey Henry, you may remember I was living in Medford back in 2011 and I was a regular standing in the long lines at Rogue Valley Coin & Jewelry. I still have many 2011 ASE"s that I bought from John, Mike and John's son Jonathon. It was so busy back in 2011 they used to have five employees at times working the counter. Maybe silver will get back in the $40's someday and I'll have the pleasure of taking a relaxing drive back up to the beautiful Rogue Valley and selling them back at a price near what I originally paid....I sure miss the old Polish dog and large drink special at the Thunderbird market and I'll make sure to stop there after I sell my ASE"s.

[henrysmedford]

4/24/2011 $3,000 FV junk got you a $100K!

Hey Henry, you may remember I was living in Medford back in 2011 and I was a regular standing in the long lines at Rogue Valley Coin & Jewelry. I still have many 2011 ASE"s that I bought from John, Mike and John's son Jonathon. It was so busy back in 2011 they used to have five employees at times working the counter. Maybe silver will get back in the $40's someday and I'll have the pleasure of taking a relaxing drive back up to the beautiful Rogue Valley and selling them back at a price near what I originally paid....I sure miss the old Polish dog and large drink special at the Thunderbird market and I'll make sure to stop there after I sell my ASE"s.

Still one of the most honest coin shops I’ve ever seen. I’ve dropped off rolls of quarters pre-64 and have had them pay for them without even crack in the rolls open. It’s nice to have a reputation and to have them trust you. If you’re ever back in Medford let me know and I’ll buy the hotdog for you.

[Cu Penny Hoarder]

[quote="henrysmedford"]4/24/2011 $3,000 FV junk got you a $100K!

Coming soon!

[pennypicker]

[/quote]Still one of the most honest coin shops I’ve ever seen. I’ve dropped off rolls of quarters pre-64 and have had them pay for them without even crack in the rolls open. It’s nice to have a reputation and to have them trust you. If you’re ever back in Medford let me know and I’ll buy the hotdog for you.[/quote]

I will take you up on that offer, Don!!

[silverflake]

I haven't posted much lately but a post from Neil will get me on. Hello Neilgin1! Get well brother.

I may have stated this before in another thread but I AM actually sitting on a load of ASE's I bought at about $32-33 back in late 2011...maybe early 2012, can't remember date exactly. If I viewed it as an investment I would be disappointed by like Neil said (and many others here), silver is NOT an investment. It is REAL money. If you need to slap a label on it, then call it a hedge against the dollar or inflation.

But besides that ASE purchase I have been purchasing basically every other month since 1993. So, yeah I have some ASE's at $7 too. It all balances.

Just know....

KEEP STACKING

[InfleXion]

It's good to hear from you Neil. I hope you are faring well. Grapes and hot peppers will do wonders for your circulatory system. The latest pepper I've tried is called Bulgarian Carrot, and it's a real zapper! 12x hotter than jalapenos, perfect for those who love spice but only want it hot on the way in

I'm somewhat surprised that silver has continued climbing, yet gold seems to have levelled off. GSR being a shade under 83 makes me think there's still plenty of room to move.

[Cu Penny Hoarder]

I'm somewhat surprised that silver has continued climbing, yet gold seems to have levelled off. GSR being a shade under 83 makes me think there's still plenty of room to move.

When gold started climbing, silver lagged. Silver is merely playing catch-up.

IMO, a consolidation/pullback is due... it would be healthy.

[Cu Penny Hoarder]

$19.13 as I type this.

[68Camaro]

Looking for silver >$20 and gold >1600, for multiple weeks. Getting close to the numbers; then it needs to stay there (or higher).

[scyther]

It's pretty exciting to see higher prices again, but I'm not not taking it too seriously unless it breaks through the 2016 high.

[Cu Penny Hoarder]

It's pretty exciting to see higher prices again, but I'm not not taking it too seriously unless it breaks through the 2016 high.

We have to get through $21 first, then large resistance at the $26 area. After that, $50... after that?

[InfleXion]

It's pretty exciting to see higher prices again, but I'm not not taking it too seriously unless it breaks through the 2016 high.

We have to get through $21 first, then large resistance at the $26 area. After that, $50... after that?

I remember thinking that $75 was the next number in the fibonacci sequence after $50 which I had long been eyeing as my first profit taking point.

Don't forget that the higher the price goes, the more of an indicator it is that currency is losing faith. You don't want to sell if $100/oz silver comes along with $20 loaves of bread, where in a hyperinflation the cash you had yesterday is worth less with every passing day.

[InfleXion]

Dug up this ugly chart from 2017 which I'm still using as a guide. For as long as we are still in a bull market and aren't breaking below the modest longterm uptrend, the ceiling looks very high.

[Cu Penny Hoarder]

It's pretty exciting to see higher prices again, but I'm not not taking it too seriously unless it breaks through the 2016 high.

We have to get through $21 first, then large resistance at the $26 area. After that, $50... after that?

I remember thinking that $75 was the next number in the fibonacci sequence after $50 which I had long been eyeing as my first profit taking point.

Don't forget that the higher the price goes, the more of an indicator it is that currency is losing faith. You don't want to sell if $100/oz silver comes along with $20 loaves of bread, where in a hyperinflation the cash you had yesterday is worth less with every passing day.

$50-$75 silver will come long before $20 bread. Metals (especially Ag) are grossly underpriced because of all the previous price manipulation and must play catch-up. Most of that price action should happen before the big hyperinflation hits.

[Cu Penny Hoarder]

Ag had a -4% loss today. Possibly the beginning of the pullback I expected. The PM charts are very overbought from a technical perspective.

Support at the $17.50 and $16.50 areas. $16.50 would be a very nice buying opp.

[neilgin1]

I'm somewhat surprised that silver has continued climbing, yet gold seems to have levelled off. GSR being a shade under 83 makes me think there's still plenty of room to move.

When gold started climbing, silver lagged. Silver is merely playing catch-up.

IMO, a consolidation/pullback is due... it would be healthy.

Yeah.....big time "healthy"!!!!