1. Metals try to capitalize in market weakness with dollar weakness ie choppy
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  2. Good Thur Morning! Gold is down 1.3 to 1248. Silver is flat at 1757. Crude +16 to 4820. The USD is up 17 to 9964.
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  3. Week of 3/18/2017 Closing prices & Chg Over Last Wk---- Gold $1230.20-- UP 28.8 Silver $17.41-- UP 49 Oil $49.31-- UP 82 TICS USD $100.11 -- DOWN 100 tics Based on near term futures contract--- At JMB Current price AGE 2017 $1299.09 (1), SAE $20.54 (20)

Silver flying high while gold losing streak continues

Discussion in 'PM Trading/Stocks/Technical Analysis' started by andial, Jun 30, 2016.



  1. andial

    andial Sir Midas Member Site Supporter

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    Silver has been very strong lately while gold has been in a funk what gives? Anybody know?
     
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  2. <===Foolsgold

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

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    My guess is it's the Chinese people.
     
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  3. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    Found 2 moar silver rings in the lake today. Peeps should stop littering like that.
     
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  4. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Silver is just catching up to what gold did previously.
     
  5. andial

    andial Sir Midas Member Site Supporter

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    Is exactly why silver will be Moar rare in the future compared to gold. Silver has been discarded while gold had been coveted and saved and accounted for.
     
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  6. andial

    andial Sir Midas Member Site Supporter

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    Plat? Gold was 1,300 in March silver 15.00. Today gold 1,300 and silver near 19.00
     
  7. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Never mind. Maybe it's on it's way to the 1:12 ratio.
     
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  8. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    They were giving out silver eagles with a car wash today! :)

    /
     
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  9. smooth

    smooth Gold Member Gold Chaser

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    [​IMG]
     
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  10. JayDubya

    JayDubya Gold Chaser Platinum Bling

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    Andial, are you a Cubs fan? Just curious....
     
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  11. andial

    andial Sir Midas Member Site Supporter

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    Don't follow baseball much, I have been a life long Buffalo bills fan though, don't know how that helps this thread along but there it is.
     
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  12. andial

    andial Sir Midas Member Site Supporter

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    Yeah right!
     
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  13. andial

    andial Sir Midas Member Site Supporter

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    Silver hitting inter-continental highs right now over 19.00
     
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  14. JayDubya

    JayDubya Gold Chaser Platinum Bling

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    Are you busy getting yours all shined up ready to sell?
     
  15. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    Maybe I'll get the chance to trade this bitch they call silver sometime soon.
     
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  16. savvydon

    savvydon Gold Member Gold Chaser

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    Well the GSR is knocking on 70, down from nearly 85. That is about halfway to where I would consider starting to trade the bitch out. From there everytime it went down another 5 I would look for another trade. Still just wishful thinking at this point as we have a long, long way to go, but it has also been a long, long time since I have seen silver trade the way it has over the last several days.
     
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  17. savvydon

    savvydon Gold Member Gold Chaser

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    GSR 69.99 just now.
     
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  18. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    Yep still a long way off. If I see the silver to platinum ratio hit the 40's I'll be dipping my toe in that water too.
     
  19. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Selling all the silver tonight. Both mercury dimes.
     
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  20. <===Foolsgold

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

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    Inter-continental just like a missle. It's good to see Dial smile. It's been awhile.

    download.jpg
     
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  21. savvydon

    savvydon Gold Member Gold Chaser

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    Yes indeed, running like a scalded cat now. Up over .50 tonight and over $1.50 in the past 48 hours. Knocking on $20/oz prior to the long 4th o' July weekend? Fireworks, indeed.
     
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  22. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    now at 68.92
     
  23. platinumdude

    platinumdude Gold Chaser Platinum Bling

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    Where is Silver Art? I wonder if he still has that sick feeling in his stomach about silver going to $8
     
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  24. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    $20 is a tough mountain to cross for silver........gonna be interesting the next few days to see if this has some legs
    .....sure looks like a good berry for the profit takers to eat next wk
     
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  25. SilverCity

    SilverCity Gold Member Gold Chaser

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    Silver's up cuz I sold some 90% recently. That's why....

    SC
     
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  26. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    I'm trying that reverse psy-thingy on silver (don't tell Andial).
    I have enough scrap to get a half Sovereign or Ducat but hey, it's silver so every 50 cents helps! . . . :2 thumbs up:


    .
     
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  27. andial

    andial Sir Midas Member Site Supporter

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    I never talk to that guy, your psy-thingy is safe with me.
     
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  28. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    I will try to post a picture of that glorious pile of flaky blackened sterling before I send it off to furnace heaven.

    .
     
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  29. smooth

    smooth Gold Member Gold Chaser

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    Agree, and I can see a big ole' fly swatter in the near future. But if $20 comes and goes we could likely see a fun run.
     
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  30. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    When panic hits the markets....(be very aware, we're fast approaching that time) people will buy anything to preserve their wealth
     
  31. southfork

    southfork Mother Lode Found Mother Lode

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    Im going to refrain from any irrational exuberance with regards to the price of silver and just vatch and vait, Ive been body slammed too many times by the powers that be with regards to the metals, cant rightly say if theyre losing their hold, thought that before.
     
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  32. JayDubya

    JayDubya Gold Chaser Platinum Bling

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    When asked for a quote about the recent rise in silver Andial had this to say:


    ""
     
  33. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    Things don't look right at all. Silver and gold are on the up....and so is the stock market. Seems awfully counter-intuitive to me. What's going on?
     
  34. bemac

    bemac Midas Member Midas Member

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    Money moving into US from Europe. Just MHO.
     
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  35. solarion

    solarion Gold Member Gold Chaser

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    Welp, 10yr treasury yields just hit 1.44%...which is the lowest rate in US history. This despite the insufferable gasbag yellen claiming we'd see rising rates all year...and last and the year before that...etc.
     
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  36. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    Yep, were the cleanest stall in the truck stop bathroom.
     
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  37. Unca Walt

    Unca Walt Midas Member Midas Member

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    You have TWO???
     
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  38. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    That can't be right man. All of the college educated experts on teevee assured us the world was melting down for good this time because those cheeky bastards in Blighty voted to leave the EU. awow.gif

    .
     
  39. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    The stock markets are pulling back now. It appears there a great disturbance in the force. Metals are still runnin' hot
     
  40. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    Bank of England. ......announced their form of QE........on top of pound getting weak...I would be going to metal if I were them
     
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