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Why I'm calling $18 Silver

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.
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Re: Why I'm calling $18 Silver

Postby Rodebaugh » Wed Jun 26, 2013 9:45 am

blackrabbit wrote:So is this the bottom? It sure seems like it can fall more. What do the tea stained teeth say?


I wish it was. I agree. What do they say?
This space for rent. :)
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Re: Why I'm calling $18 Silver

Postby alpacafarmer » Wed Jun 26, 2013 9:57 am

I can say this is not the bottom. I assured it not being the bottom by placing a large order today. :)
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Re: Why I'm calling $18 Silver

Postby SoFa » Wed Jun 26, 2013 10:24 am

I wouldn't be surprised if this is the bottom.
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Re: Why I'm calling $18 Silver

Postby Jonflyfish » Wed Jun 26, 2013 11:24 am

No need to predict the bottom after each new low then lower. The silver selling websites do that daily. Once can follow the price. Trends are trends. It is that simple.

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Re: Why I'm calling $18 Silver

Postby InfleXion » Wed Jun 26, 2013 11:38 am

Nice call Doc! Now let's just hope it holds...
Silver: the Rodney Dangerfield of precious metals.

If it's printed on a piece of paper it's worth the paper it's printed on.
If it's a digital asset it's worth the electrons in cyberspace.
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Re: Why I'm calling $18 Silver

Postby Jonflyfish » Wed Jun 26, 2013 11:43 am

InfleXion wrote:Nice call Doc! Now let's just hope it holds...


Why would it hold?
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Re: Why I'm calling $18 Silver

Postby Jonflyfish » Wed Jun 26, 2013 11:46 am

Some folks have wanted to believe that lower prices is only a reflection of the "paper" markets. However, as usual, there is no free arbitrage. Paper and physical have been moving (lower) in tandem.

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Re: Why I'm calling $18 Silver

Postby InfleXion » Wed Jun 26, 2013 11:59 am

Jonflyfish wrote:
InfleXion wrote:Nice call Doc! Now let's just hope it holds...


Why would it hold?
Cheers!

Why wouldn't it?

Prost!
Silver: the Rodney Dangerfield of precious metals.

If it's printed on a piece of paper it's worth the paper it's printed on.
If it's a digital asset it's worth the electrons in cyberspace.
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Re: Why I'm calling $18 Silver

Postby Jonflyfish » Wed Jun 26, 2013 12:15 pm

InfleXion wrote:Why wouldn't it?

Prost!


True. Anything is possible, including the "capitulation" bottoms that have happened every few bucks all the way down. Serially dependent price persistence.

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Re: Why I'm calling $18 Silver

Postby Country » Wed Jun 26, 2013 1:12 pm

So, I take it you're not backing up the truck at $18. :lol: $18 SILVER should provide STRONG support and be a level from which SILVER rebounds. If $18 breaks, we've got to look at $14 SILVER. If not that, then $9 SILVER - the bottom of the 2009 swoon! Times like these test your "metal" to know whether you be a long term stacker. :thumbdown:

I believe the supply of SILVER will soon dry up, as SILVER production is a by-product of COPPER. However, in the short term, the effects of diminishing supply will have little effect. At this point, some announcement of sovereign BUYING (why should they announce it when they'd like a lower price to buy?) is needed to stem the downturn.
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: Why I'm calling $18 Silver

Postby Morsecode » Fri Sep 20, 2013 9:49 pm

90 days later, and Doc's position is coming into clearer focus.

And 90 days from now...? :thumbdown: :thumbup:
From hence ye beauties undeceived, know one false step is ne'er retrieved
and be with caution bold.
Not all that tempts your wandering eyes and heedless hearts is lawful prize,
nor all that glistens gold.
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Re: Why I'm calling $18 Silver

Postby Rosco » Fri Sep 20, 2013 10:12 pm

I think we are looking at 120 days now from May 20 :wave:
Rarely Hand Sorts ....Hope that the Hoard goes to the Boys
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Re: Why I'm calling $18 Silver

Postby Morsecode » Fri Sep 20, 2013 10:43 pm

Yep.

I was going by Country's post date, June 26
From hence ye beauties undeceived, know one false step is ne'er retrieved
and be with caution bold.
Not all that tempts your wandering eyes and heedless hearts is lawful prize,
nor all that glistens gold.
- Thomas Gray, 1747
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Re: Why I'm calling $18 Silver

Postby bigbubbano23 » Mon Sep 23, 2013 11:35 pm

I hope it goes down, but im a buyer right now, not a seller.
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