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

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



  1. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    Aw crap. Sorry guys.
     
  2. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    duh......................... dang.... now ya went & dun it
     
  3. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    Who took a shit in the dammed cake!
     
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  4. Ragnarok

    Ragnarok I'd rather be Midas Member

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    Considering this is supposed to be a period of seasonal weakness for the PMs, I would say that cake is DONE!
     
  5. luckabuck

    luckabuck Gold Member Gold Chaser

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    I've sworn off of cake because I am diabetic and especially if said cake is connected to the price of bullion.
     
  6. CrimsonGuardJay

    CrimsonGuardJay Silver Member Silver Miner

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    I regret not making far more purchases when it was 25% less.
     
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  7. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    I hear ya. I feel like a damn fool for only picking up a couple hundred ounces in the 13's and 14's.
     
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  8. andial

    andial Sir Midas Member Site Supporter ++

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    Silver has gone orbital in pre market.
     
  9. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    You can't get there from here.
    Is it time to sell that silver quarter I got in change 5 years ago yet?
     
  10. CrimsonGuardJay

    CrimsonGuardJay Silver Member Silver Miner

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    When did gold hit 1,417?? Holy hell, big advancements.

    I'm hoping for another pullback eventually so more can be added, but this is exciting.
     
  11. SilverCity

    SilverCity Gold Member Gold Chaser

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    Calling $30 by July 30...

    too bad I'm all in gold...:rats:

    SC
     
    Last edited: Jul 11, 2016
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  12. SilverBuyer

    SilverBuyer Silver Member Silver Miner

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    Probably an error I'm not seeing that elsewhere.

    [​IMG]
     
  13. gringott

    gringott Killed then Resurrected Midas Member Site Supporter

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    Silver does seem to be the star the last couple of weeks.
     
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  14. stAGgering

    stAGgering Silver Miner Seeker

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    A star in the past as futures expire Friday.
    Sincerely expect thursday early 8 - 10 am adjustment for shorts protection,
    and week closing NOT above $20.35.
    Of course I am ready to celebrate if this typical pattern does not come to pass.
    LCS had couple hundred rounds & some Eagles, I skipped 'em.
    To feel out the summer doldrums first as tourists are arriving and moorings are filling up.
    If this summer does not prove to be of denial as I expect, I'll sell my older and buy the newbies.
    They all weigh the same.
     
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  15. Ragnarok

    Ragnarok I'd rather be Midas Member

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    I vote YES.

    R.
     
  16. louky

    louky Silver Member Silver Miner

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    magic 8 ball told me there are no summer doldrums in a bull market

    either buy now or in january after the correction from SilverCity's prediction. that'll be your last shot at $20 silver


     
    Last edited: Jul 17, 2016
  17. stAGgering

    stAGgering Silver Miner Seeker

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    There is no magic in psychology, which is an investors insight to oligarchs strategy consumed by the masses and played by few.
    Tomorrow AM, if typical, another shanking of element with digital paper, masses medication.
    Extensive skepticism in regards to January being a buying opportunity... at all, considering mining output reduction.
    However, variables are limitless outside supply and demand, psychologically.
     
  18. southfork

    southfork Mother Lode Found Mother Lode

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    Looks like a 19.00 cake coming
     
  19. louky

    louky Silver Member Silver Miner

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    Magic 8 ball says this is a shake out. They want the hoard to sell, then current trend up resumes
     
  20. stAGgering

    stAGgering Silver Miner Seeker

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    Hoard of contracts.
     
  21. Zed

    Zed Size doesn't count! Midas Member

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    Someone with steel balls is in the market holding long (or several someone's) + they can't sell boat loads short because it compounds the issue of being stuck too short. This is making a shake out hard to achieve. If you chronically bash a market short this is the sort of liquidity trap that is always going to happen eventually. Low price should see low OI... unlike Silvers recent history, too much OI on too low a price is a loaded gun canon. They need summin to bust the balls of steel, they need to scare liquidity out of this market... this could be undoable BUT they are very used to being the BSD here so they will not give up easily.

    Given the setup a short squeeze is very possible and many are predicting a short and fast price move due to it BUT I differ here, @ least in the beginning. I think that because the short side is concentrated in such a small number of professional accounts they will be remarkably disciplined in the buy back. They know full well that if they panic price will sky rocket, they know that losses will be minimized if they are sure and steady in their buying, giving the market time to breath on the way up. I vote for a remarkably steady grind higher with shallow pull backs... that is until the plebs work out there is a solid bid under the market and they pile in.
     
    Last edited: Jul 19, 2016
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  22. Zed

    Zed Size doesn't count! Midas Member

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    Another push down happening in the tail end of the Honk Kong session!
     
  23. savvydon

    savvydon Gold Member Gold Chaser

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    Seems like lately that is where the selling has been, with the price rising back up in London and New York. I'm waiting for the latter to pile on and achieve a true beat down. Thus far, though I am impressed by the territory that the bulls seem to have been able to take and mark as their own. We c...
     
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  24. Zed

    Zed Size doesn't count! Midas Member

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    Looks like they have saved their fire power to the last moment to set the lowest comex open they can. Smells a little desperate.... wouldn't it be interesting if it is bought up in the comex producing a bit of a V.
     
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  25. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    Looks like another possible buying opportunity on the horizon. Metals headed down this morning
     
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  26. Zed

    Zed Size doesn't count! Midas Member

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    Yeah... they have setup a few hits to no avail. This one looks like they are getting serious.
     
  27. Zed

    Zed Size doesn't count! Midas Member

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    USD isn't doing anything impressive.
     
  28. savvydon

    savvydon Gold Member Gold Chaser

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    That is what it has been doing. I'm taking it all in and will be happy either way. Demand for bar and coin has eased a bit with the recent price run up, but if there is a beat down you can be sure buying will resume. I feel like this is a win-win for those who have stayed the course. Let the big desperate cretins do their thing, I'll try to sit back and make the most of it either way.
     
  29. Zed

    Zed Size doesn't count! Midas Member

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    Silver is oversold on the hourly chart, should rally soonish. At the least a little... that should tell us what strength is here.
     
  30. savvydon

    savvydon Gold Member Gold Chaser

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    Big juggling act. The number 100 is a bit of a marker - I'm sure the Fed and company are trying to put the brakes on any dollar break.
     
  31. Zed

    Zed Size doesn't count! Midas Member

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    Gold too... about as near term oversold as it gets, needs to at least stabilise and take breath.
     
  32. Zed

    Zed Size doesn't count! Midas Member

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    Yeah, and it is very much the target for this recent break. 100 should stop it for a little while @ least.
     
  33. Zed

    Zed Size doesn't count! Midas Member

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    Netdania silver ralling while kitco takes a dive?!
     
  34. OverOver

    OverOver Silver Member Silver Miner Site Supporter

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  35. Zed

    Zed Size doesn't count! Midas Member

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    I have a small gap now, down to 6c
     
  36. Zed

    Zed Size doesn't count! Midas Member

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    Netdania silver hourly is looking like a bottom... Comex open soon... 4min.
     
  37. savvydon

    savvydon Gold Member Gold Chaser

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    Still battling it out as I head to work. These PM markets don't seem to be the pushovers they were a short time ago.
     
  38. stAGgering

    stAGgering Silver Miner Seeker

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    Such is no longer uncommon.
     
  39. stAGgering

    stAGgering Silver Miner Seeker

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    Is it not the power of the Sterling, countering expectations of to dollar they flee.
     
  40. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Somebody bake the $18 cake
     

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