• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

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

solarion

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Metals are up pretty good on the year.
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.
 

solarion

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Joe King

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solarion

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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.
 

Thecrensh

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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.
What is the break even point for miners?
 

smilershouse

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At least we don't see a bunch of so called analysts claiming the metals are down due to the "strong dollar". It's been melting all year long.
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
 

solarion

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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 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.
 

stAGgering

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

Weatherman

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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.
 

madhu

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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.
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
 

smilershouse

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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
 

solarion

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goldielox1

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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.
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.

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

Thing is though there really isn't 426 bil in this market. 1 person paying 10k or 20k does not make all 21 million BTC worth 10 or 20k.
It's kinda like any stock in the stock market. 1 trade goes through at a high price and the whole companies stock is valued on that one price, up or down.

In my humble opinion, I don't think this is joe blow driving this market. 9 out of 10 Americans don't have 2k in savings so no way this is just a few people in the US driving this. It smells like the big hedgies.
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)
 

solarion

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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.
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.
 

smilershouse

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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.
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


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


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
 

goldielox1

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


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

solarion

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If you're expecting money to appreciate, then you don't know what money is (Like Joe King)
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.
Yeah it's pretty easy. A good chunk of that run up was because two guys were trying to corner the market.
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.
 

stAGgering

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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.
 

goldielox1

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

solarion

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

goldielox1

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

stonedywankanobe

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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
 

stAGgering

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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
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.
 

FunnyMoney

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What is the break even point for miners?
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.
 

stAGgering

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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
 

CrimsonGuardJay

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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
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....
 

Someone_else

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

Silver Buck

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My boat sank and shiny gone away....
At these prices, it's not worth the effort or money to try and recover the slag.

...

Perhaps Irons would fish for them with his wand, just for slags and giggles.
 

platinumdude

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Everything went down today, except bonds and such. Stocks down, PMs down, cryptos crash. We will see what Monday brings.
 

smilershouse

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There will be war with NK soon, that will notch the prices up, and if Russia and China get involved, .........................................TO DA MOON

It's a crazy world.

SH
 

stAGgering

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$20 in our lifetime.... bwahhh haaa haaaa !!
If Ag & Au are taking a hit now...
$20 will be a speed bump.