1. All on hold waiting for a tax plan announcement
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  2. Good Weds Am. Gold is down 1 to 1266, while Silver is down 2 to 1757 after a late collapse yesterday. Crude is down 15 to 4941. The USD is up 31 to 9896.
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  3. Week of 4/22/2017 Closing prices & Chg Over Last Wk---- Gold $1289.10-- UP 0.60 Silver $17.85-- down 66 Oil $49.62-- down 3.80 USD $99.88 -- down 58

Shall we bake the $20 cake for silver???????????

Discussion in 'Purchasing Precious Metals' started by southfork, Jun 15, 2014.



  1. southfork

    southfork Mother Lode Found Mother Lode

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    Given the current disarray in the US and the Mid East Im smelling a surge in metals this week, I would be surprised if we don't tack on 5% in both silver and gold, question is does it sustain the gain, will the shorts decide to cover?
     
  2. louky

    louky Silver Member Silver Miner

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  3. TnAndy

    TnAndy retired guy Midas Member

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    Well, heck, if we're gonna bake cakes, let's cook up a 100 buck version !
     
  4. illatease

    illatease Banned

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    Sure, and then watch it collapse when someone slams a door....
     
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  5. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    Cake goes good with ice cream.
     
  6. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    The recent surge in silver because of Iraq will probably lift it to $20 and possibly make a run to the $22 resistence level but I feel that it will fail to hold $22 (if it gets to that point) because the "Iraq" effect will "wear off" and silver will just resume its downward trend. I still see silver breaking the 2013 intra-day low of $18.14 on the downside this Summer. I am still thinking $14-$15 as the low for silver for this year.

    EDIT: As to the answer to the OP, Yeah you can bake the "$20 cake" for silver but it will have to be eaten very quickly because silver will just go back down like the DOG that it is. :)
     
    Last edited: Jun 15, 2014
  7. southfork

    southfork Mother Lode Found Mother Lode

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    20 so close I can smell it, teased us today at the close, very soonnnnnnnnnnnnnnnn
     
  8. jelly

    jelly Seeker Seeker

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    With silver closing so close to a resistance area, I think we might get a smackdown tomorrow. However, I'm hoping we continue higher. This would signal this rally is for real, and will continue on.
     
  9. southfork

    southfork Mother Lode Found Mother Lode

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    It's different this time. It really is.
     

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  10. Ahillock

    Ahillock A nobody Mother Lode

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    southfork, sometimes I can't tell when you are being serious or just messing around...
     
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  11. 917601

    917601 Mother Lode Found Mother Lode

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    The legendary Richard Russell said a few weeks ago, if silver hits and holds $19.25, which it has, it will start it's parabolic rise. I hitch my wagons to very few proven horses, he is one proven, legendary, 90 year old horse who puts his money where his mouth is. Your rocket is not applicable, this is more like it, ( I saw an Antonov take off this morning). Shemitah is fast approaching.
     

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  12. The_Head

    The_Head Seeker Seeker

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    I'm going to bake a cake and put 200 silver dimes in it.
     
  13. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    $20.01!!!!!!!!!!!!!!!!!!!!!!
     
  14. bulloncoins

    bulloncoins Silver Member Silver Miner

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    ummmmm computer says NO.

    no.png
     
  15. jelly

    jelly Seeker Seeker

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    One can argue if we will get there tomorrow or not. However, the stocks are signaling that we will get there soon!
    If you don't get in soon, you will be left behind. This train is leaving the station.

    I bought some more shares in my favorite miners today, and will be adding more
     
  16. rte

    rte Silver Member Silver Miner

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    The real reason for the slow rise is I stepped out of the balloon...Less weight = rise :36_2_36:
     
  17. Solo

    Solo Midas Member Midas Member

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    Uuummmm, some of us are still saving for our first purchase and rooting for lower prices so how 'bout a bit of balance to this thread :p:

    [​IMG]
     
  18. wanderintheland

    wanderintheland Seeker Seeker

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    Whew! Here we go!

    nysilver.gif

    Finally. Let's see if it holds.

    silver.jpg

    One more - check out MACD imminent crossover on the monthly:

    silver2.jpg
     
    Last edited: Jun 19, 2014
  19. southfork

    southfork Mother Lode Found Mother Lode

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    Lafayette, we are here”
     
  20. southfork

    southfork Mother Lode Found Mother Lode

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    Russia and China, two of the largest countries in the world have now joined in their debasement of the dollar, Houston we have ignition.
     
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  21. southfork

    southfork Mother Lode Found Mother Lode

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    Man, didn't expect all this icing on the cake.
     
  22. <===Foolsgold

    <===Foolsgold Gold Chaser Site Supporter ++ Platinum Bling

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    Better hold off on the $20 cake ....Cause $21 here we come, ready or not.
     
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  23. Solo

    Solo Midas Member Midas Member

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    Ugh :mad:


    I was delaying buying a number of items for the last two weeks as I thought spot would slide back down a bit. Clearly a world class market timer I am not :bear_laugh:.
     
  24. Silver

    Silver Gold Member Gold Chaser

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    Glad I spent all I could @19.
     
  25. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    Me feels good about using up my powder about 2 weeks ago.
     
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  26. WhyKnow

    WhyKnow Thnk Tank Gold Chaser

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    That's three of us. We can't be that lucky. $18.93. I made three dollars already.
     
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  27. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    Explain please.
     
  28. southfork

    southfork Mother Lode Found Mother Lode

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    And the dam Clearwater coin show 4th July weekend, you could have bet silver would go up
     
  29. Ahillock

    Ahillock A nobody Mother Lode

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    Can we all about gold in here? :)
     
  30. southfork

    southfork Mother Lode Found Mother Lode

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    21.03, Didn't get a chance to turn the oven on. What lit the fuse so quickly or is this a headfake.
     
  31. Ragnarok

    Ragnarok I'd rather be Midas Member

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    First it was rockets, now it's cakes?

    Yeah, but if ya gotta use it all, might as well make it purdy! :D

    image.jpg

    R.
     
  32. Ahillock

    Ahillock A nobody Mother Lode

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    Ragnarok and Shortstack like this.
  33. southfork

    southfork Mother Lode Found Mother Lode

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    Golds up, rah rah
     
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  34. earplugs

    earplugs Gold Chaser Platinum Bling

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    Just wait a few weeks, you'll be able to get in at 18.
     
  35. southfork

    southfork Mother Lode Found Mother Lode

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    Blasphemous, you are banned from GIM for 30 days.
     
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  36. WhyKnow

    WhyKnow Thnk Tank Gold Chaser

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    Silver, Mr Paradise, and I bought at the same time. Usually when someone times a buy, it's not the bottom, but at least three of us were close. We can't be that lucky so expect it to go to $18 even.

    According to my order, silver was $18.93 when I purchased.

    The small amount I could afford to buy then (all-in) has increased in value by three dollars--rah.

    It was just my attempt at cautiously sharing in the jubilation. In the end, my total silver profits won't change my life so doesn't really matter. I mainly do it for fun.
     
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  37. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    Any profit always feels good. Being a life long farmer I understand that part of things. I'm good at forgetting bad deals though.
     
  38. louky

    louky Silver Member Silver Miner

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    Nice job being able to purchase at spot, I need your hookup. Best I could do was + $1.15/oz shipped.
     
    Last edited: Jun 19, 2014
  39. WhyKnow

    WhyKnow Thnk Tank Gold Chaser

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    Oh, I wish. I paid premiums too.
     
  40. Ragnarok

    Ragnarok I'd rather be Midas Member

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    It's only profit if it's in ounces.

    R.
     
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