1. Same story, different day...........year ie more of the same fiat floods the world
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  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
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Shall we bake the $20 cake for silver???????????

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



  1. goldielox1

    goldielox1 Silver Miner Seeker

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    Metals are up pretty good on the year.
     
  2. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    How do you figure? I have gold up about 10% YTD and silver actually in negative territory for the year(-.5%). Palladium has done well, and gold has roughly matched the declines in the USDx, but I would say it's been a pretty crappy year for metals.
     
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  3. bemac

    bemac Midas Member Midas Member

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    I have silver at $15.98 on Jan 1, 2017.
     
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  4. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    Fair point. I picked $16.31 off a chart, but it looks like that was close on January 3. The same chart has $16.01 on Monday January 2. We may be in negative territory before the week is out though.
    https://www.moneymetals.com/precious-metals-charts/silver-price
     
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  5. savvydon

    savvydon Gold Member Gold Chaser

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    I think that is the idea behind this beatdown. Dealer inventories are already starting to tighten up.
     
  6. Joe King

    Joe King Gold Member Gold Chaser

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    Here's your chance to thin your wallet. I hope you still gots some dry powder.


    Fifteen Ag.PNG
     
  7. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    Right, so silver is now flat for the entire year...even while the US dollar index has dropped by 10%. Yeah, there's nothing to see there.

    I don't know what it is about this commodity that makes it seemingly so valueless...despite the fact that we use it in so many products. It just constantly drops in value vs fiat even while the US dollar melts. No other commodity looks so thoroughly suppressed.
     
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  8. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    What is the break even point for miners?
     
  9. smilershouse

    smilershouse Gold Member Gold Chaser

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    Indeed it has Solarion.

    ATM there are no fundamentals attached to PM's whatsoever. All PM bullion should be rising on the back of inept fiscal policy. Instead, when the USD goes up, Ag falls, USD goes down, PM's fall. I suspect a fixed price remaining 15-16 USD for at least another month. Trumps policy changes could see a rapid adjustment early 2018.

    We shall see.

    SH
     
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  10. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    I like it when "analysts" blame the shit action in the silver market on "poor investment demand". Like no shit dude, the frikking thing is completely rigged and people eventually get tired of watching rigged markets...with banksters quite literally admitting to rigging it and NOTHING happening to them. Eventually most people stop investing in that market.

    Hard to blame them...if I weren't so stubborn, I'd likely do the same.
     
  11. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    I don't know much, but it looks like a silver buying opportunity to me.
     
  12. stAGgering

    stAGgering Silver Miner Seeker

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    Yes, it surely does.
    Next week tune in for Round 2.
    Tuesday between 6am and Noon EST and expiration at the end of the week.

    "We're gonna party like it's $13.99!
    Don't cha want it low, $13.99
    Jus how low itsa gonna go, $13.99
    Wanna buy it's so low $13.99
    To LCS and coin shows, $13.99."

    "Never shine like a ho @ $19.99!"
    Always stay below $19.99
    JPMorgan say "Hey NO!" $19.99
    Economy stays slow $19.99
    No emergencies so no, $19.99."
    - Prince
     
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  13. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    ^ was bobbing my head a bit on that post Stager.

    I'm buying shit right now, not sure we break the low here. If we do it's manipulation/bitcoins fault and all bets are off sirs.
     
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  14. Weatherman

    Weatherman In GIM since 2006 Gold Chaser Site Supporter

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    My guess is that banksters are selling the rumors (aka front running the "known" FED interest rate increase), and that they will buy the fact before or soon after the FED announcement Wednesday. I think the low price point will happen by the end of next week, and I hope the rally after that is seasonally strong.
     
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  15. madhu

    madhu Silver Member Silver Miner

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    Initially it was just a cut of a few cents between the bid and the ask. Now everything seems so manipulated all over the world. Yes there are no liquid markets. Takes weeks to settle. Rick santelli, is one of the few guys on CNBC who makes sense. When asked about the unregulated bit coins and its entry into the crimex futures, he said the foreign equity exchanges are not regulated by the Chicago futures. I can only imagine the scams in China equity market. Read about this
    https://en.wikipedia.org/wiki/Harshad_Mehta.
    From the heights of the bubble to crash, the guy had share holder certificates, bank receipts that would fill up a semi truck, Lorry

    If we have so much manipulation on the stock market. Deception to keep the ordinary people from price discovery is the goal. Then basically you are at the mercy of the market. Yes eventually people get disgusted and keep shopping only things that they need
     
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  16. smilershouse

    smilershouse Gold Member Gold Chaser

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    [QUOTE="madhu, post: If we have so much manipulation on the stock market. Deception to keep the ordinary people from price discovery is the goal. Then basically you are at the mercy of the market. Yes eventually people get disgusted and keep shopping only things that they need[/QUOTE]

    Who knows? What I find so unethical and thus, is the fact that people with bits of paper can dominate the derivative markets of which PM's are only but a few of the manipulated and tangible stocks.


    Now coming to the BTC markets is the futures too, under the guise of the CME/CBOE. The last vestige of a free market now runs the danger of being rigged like all casinos.

    Let us hope this level of futures trading is the start of the end of a very false and manipulated economy.

    We stand in hope.

    SH
     
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  17. solarion

    solarion Gold Member Gold Chaser Site Supporter

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  18. goldielox1

    goldielox1 Silver Miner Seeker

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    10% is a big year for gold. Average is something like 3% since 1933 relative to fiat. Silver has always had a little more volatility which I'm sure you know.

    Yes. :)

    Yeah I pointed out the Zero Hedge article which seemed to be a smoking gun for big boy manipulation (possibly one of the bullion banks or the Fed)
     
  19. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    These things don't occur in a vacuum. The US dollar index dropped by the same amount as gold supposedly "gained" vs the US dollar. Anyone that can do basic maths can see that 3% a year doesn't even match the real rate of inflation and your 3% number is further clouded by goobermint's fixing of the dollar/gold exchange rate.

    Silver isn't "volatile" it's despised and hopelessly suppressed. Can you tell me how this one single commodity costs $33 less(-66%) in 2017 than it did in 1980? That's not volatility...it's an anomaly.
     
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  20. smilershouse

    smilershouse Gold Member Gold Chaser

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    Absolutely an anomaly. Taking into account Ag is no longer required for photographic development since the inception of silver dependent technology and medical, just look at the anomaly. What gives? Was there a sudden deposit discovered during those 2 peaks? I doubt it. Had to hyperlink, could not embed

    https://www.pcgs.com/prices/graph.aspx?range=1970 to date&filename=sspot

    [​IMG]
    http://www.visualcapitalist.com/the-u-s-debt-ceiling-has-risen-no-matter-who-is-in-office-chart/
    [​IMG]

    And did the USD start to get stronger between 1970 to current? Not by these graphs it did not. Jump up and down in denial if need be, but the facts are the facts. Ag massively manipulated through the futures exchange. Another controlling mechanism by the big boyz.


    SH
     
  21. goldielox1

    goldielox1 Silver Miner Seeker

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    If you're expecting money to appreciate, then you don't know what money is (Like Joe King)


    Yeah it's pretty easy. A good chunk of that run up was because two guys were trying to corner the market.
     
  22. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    It's a little odd that you don't see issues with measuring the value of "money" in units of a fraudulent currency. Plus I've seen more than enough of your struggles with using common definitions of words.
    Yes, the same two guys seemingly also drove up gold & copper at the same time. Then those same two guys drove the value of silver and gold again in 2011. Man those Hunt guys are sure busy.
     
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  23. stAGgering

    stAGgering Silver Miner Seeker

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    Placed my last of 2017's PM order in for final gift list today.
    Had a feeling of upside run but...
    All done and right in front of the silver jumping .40c !
    Holy carp ! 2Da$20Moon for a EvilKnee2Balls rocket... not launch.
    Ol Fibocrotchee support level touched and contract closure in ... "Jaws" stalking sound here.
    End of week will be a large signal.
    I'm firing up the boat, gotta be quick, ice around the edges now.

    You guys can take your bickering elsewhere, although elsewhere is tired of it as well.
    But he said she said you do not understand what I did not say I said you said that she said the other day after the time before the time after.
     
  24. goldielox1

    goldielox1 Silver Miner Seeker

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    Yawn: another ignorant JoeKing/Salarion asinine comment that barely merits a response.
     
  25. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    Yes, you're the only one here capable of rationale thought. It must be such a burden to be surrounded by such imbeciles. Please let me know if you need a hand hopping up on that cross there...genius.
     
  26. goldielox1

    goldielox1 Silver Miner Seeker

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    "ration ale"? Is that the stuff you only get one swig of at the pub?
     
  27. stAGgering

    stAGgering Silver Miner Seeker

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    Cut it out you two.
    You are both discrediting anything you have posted... anywhere.
    I am skipping your comments due to the waste of time.
    Holidaze are here, go bicker with your family like you are supposed to !
    ha!
     
  28. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    Nice lucidity Stager and i couldn't agree moar.
    Twenty Dollar Silver Thread just ain't the place.

    This is a serious thread about serious shit guys and should rest till we hit 17 dollar per oz (Troy) IMHO
     
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  29. stAGgering

    stAGgering Silver Miner Seeker

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    Wait till silver...... $17.00 USD ?!?
    You are a merciless !!
    I could be like 100 yrs old by then and I am not even halfway.
    Jeez, that just sounded like... silver.
     
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  30. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    That depends on which miners. To make matters worse, most silver comes as a by-product from the mining of copper and other base metals; for those it's hard to calculate the silver extraction cost because it is a very small portion of their operations compared to the amount of base metals they extract.

    From what I have read, it seems most pure silver miners have all in costs of around $10 to $15 per ounce. But my guess is they are low balling those numbers to make their stocks look more attractive.

    From all angles, silver fundamentals don't match up with the silver price. Most silver is used up in industry whereas nearly all gold purchased is stored (not lost to industry uses) especially if you include jewelry as still being gold simply stored. The ratio of silver in the ground to gold is about 10 to 1, but the ratio is now near 80 in terms of price. Surface silver, mining silver off the surface of the land instead of having to dig deep underneath the ground, is supposedly running out: certainly you won't be able to mine it for under $20 when that happens. There is more to this, but essentially the fundamentals point to much higher silver prices. However, markets are not rational, they are not fair and honest and with silver's 5000 year history as money, TPTB want it to remain off the radar and appear as a risky and highly volatile asset.
     
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  31. stAGgering

    stAGgering Silver Miner Seeker

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    Tuesday Tuesday bah dah.....
    Oh how I hurl that day bah dah....
    Tuesday Tuesday bah dah....
    Downward the only way bah dah....
    Now Tuesday morning not Tuesday afternoon....
    Oh Tuesday morning between eight and just past noon.

    Tuesday Tuesday bah dah....
    Time to kneel and pray bah dah....
    Tuesday Tuesday bah dah....
    Back truck up and shovel away bah dah....
    My boat sank and shiny gone away....
    Oh Tuesday evening futures over and price ok.


    - The Metals and the Papers
     
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  32. CrimsonGuardJay

    CrimsonGuardJay Silver Member Silver Miner

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    I knew it was a mommas and papas reference on the first line. We played California dreamin in a drum corps I marched back in 2007....
     
  33. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    Since any mention of silver price going up is a jinx, I'm going to use some reverse psychology.

    I predict the price of silver will drop to $3 per ounce, and gold to $450. There....let's see how that works.
     
  34. savvydon

    savvydon Gold Member Gold Chaser

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    Maybe it will do that and we will all get to back up the truck.:D
     
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  35. Someone_else

    Someone_else Gold Member Gold Chaser

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    Even when I was a kid, the LCS had silver at $5 or more for the art bars. But with gold at $80, I could buy a 4-Ducat coin and admire it for a while. Damn, that was pretty.
     

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