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Silver taking elevator down, gold behind it

Discussion in 'PM Trading/Stocks/Technical Analysis' started by southfork, Apr 18, 2017.



  1. southfork

    southfork Mother Lode Found Mother Lode

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    No manipulation here right, they just decided to go south
     
  2. southfork

    southfork Mother Lode Found Mother Lode

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  3. andial

    andial Sir Midas Member Site Supporter ++

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    The people who dumped those contracts take orders from lindsey graham type people.
     
  4. D-FENZ

    D-FENZ Gold Member Gold Chaser Site Supporter ++

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    It's just noise.

    For every contract sold, there's a buyer.
     
    mispillion and skychief like this.
  5. Howdy

    Howdy Silver Member Silver Miner

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    I'm still waiting for $16 silver. Spot may get that low but I doubt silver will.
     
  6. savvydon

    savvydon Gold Member Gold Chaser

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    Premiums are pretty low these days. Sure there may be some down side right now, but I think there is more upside potential in the long run. If you are in it for the long haul I doubt it will make a huge difference whether you bought at $16 or $18. 2c
     
  7. stAGgering

    stAGgering Silver Miner Seeker

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    When they are the same entity, exchanging what does not exist ?
     
  8. stAGgering

    stAGgering Silver Miner Seeker

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    Low premium = high supply = low sales.
    Fish around, sales of physical are not increasing.
    Calm before the storm in which wind changes direction.
     
  9. Howdy

    Howdy Silver Member Silver Miner

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    Spot has been in the sixteens several times in the last couple years and each dip physical was NOT available without significant premiums. As long as spot is around where it is now, Premiums are lower. It seems physical silver is eighteen no matter what spot is. I guess it doesn't matter much but I'd still be more apt to back up the truck if I could get it at $16 than $18.
     
  10. Fjpod

    Fjpod Silver Member Silver Miner

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    Just paid 13.3 x face for 90%. Virtually the same price I was paying almost 4 months ago when silver was around $16. My lcs has tons of it.
     
  11. louky

    louky Silver Member Silver Miner

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    [​IMG]
     
    Last edited: Apr 19, 2017
  12. louky

    louky Silver Member Silver Miner

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  13. louky

    louky Silver Member Silver Miner

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  14. southfork

    southfork Mother Lode Found Mother Lode

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    Is there really? Or are they selling to themselves
     
  15. southfork

    southfork Mother Lode Found Mother Lode

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    Bought a bag of quarters Monday at 3.12 each 780.00 worth , took a bit of haggling but got it . Not sure what that beaks down to x wise was under on Monday 3.25 is melt today.
     
  16. savvydon

    savvydon Gold Member Gold Chaser

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    12.5x face. Under spot. Tough to argue with that buy.
     
  17. D-FENZ

    D-FENZ Gold Member Gold Chaser Site Supporter ++

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    They could be. But whatever the case, it's still just noise.
     
  18. stAGgering

    stAGgering Silver Miner Seeker

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    It's the Final Countdown !



    Well... halfway to 16's anyway.
    Sing it, this musically horrendous, big hair, synthesizer embossed, cocaine nightmare.
     
  19. the_shootist

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

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    Dip.....dip....dip....

    BUY IT!
     

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