I knew about S3051 being bearish on silver for years, but now it seems everyone is... why?
perhaps because they have seen that this call was right :-)
sorry, couldn't resist bragging
Topic: Gold collapsing. Bitcoin UP. - page 1276. (Read 2032274 times)
perhaps because they have seen that this call was right :-)
sorry, couldn't resist bragging
I knew about S3051 being bearish on silver for years, but now it seems everyone is... why?
i've alway been bearish on PMs i was thinking about getting some at the 1500$ in the bubble, 3-6 weeks later gold line calls me and says its 1900$ LOL
gold line called em a few times after that...
PM is just no good right now, it hasn't been good for a year and it probably won't be good for a couple more...
PMs is not where you want to be right now thats for sure
bitcoin, because economies around the world just got an good fiat money fix, this is good for bitcoin! Bitcoin is becoming more and more big biz. so ya... i believe a valuation of 1000$ will sooner or later, be necessary! 10K bitcoins seems like a pipe dream today, but tomorrow...
bitcoin, because economies around the world just got an good fiat money fix, this is good for bitcoin! Bitcoin is becoming more and more big biz. so ya... i believe a valuation of 1000$ will sooner or later, be necessary! 10K bitcoins seems like a pipe dream today, but tomorrow...
I knew about S3051 being bearish on silver for years, but now it seems everyone is... why?
nice one
and yes, single digits for Silver to come
and yes, single digits for Silver to come
i think sub 15 is good price tho, i can see 5-9$ silver but not for more then a year... price should even out in the high teens in the next few years. just cuz of the currency wars, inflation everywhere...
yes, prices sub 10 $ will probably not exist for a very long time
nice one
and yes, single digits for Silver to come
and yes, single digits for Silver to come
i think sub 15 is good price tho, i can see 5-9$ silver but not for more then a year... price should even out in the high teens in the next few years. just cuz of the currency wars, inflation everywhere...
nice one
and yes, single digits for Silver to come
and yes, single digits for Silver to come
Would love to see silver that cheap again, but the fundamentals? Even with the rising bond rates I don't see the dollar getting that much stronger in the near term. Despite all of the new taxes, the spending is still outpacing it. For the dollar to be that strong, it would take some serious fiscal discipline among those making the decisions with what used to be the money of the American people. Continued dollar devaluation seems more likely than not, as debt ceiling is poised to rise next month yet again.
That said, precious metals are heavily manipulated, so anything could happen. The ETF naked short game brought the prices down, physical buying reached binge levels. When the big guys have loaded up their trucks, they may just want to reverse it back up.
Some are hinting that this will be sooner than later.
http://www.zerohedge.com/news/2013-08-16/jpm-advises-buy-gold
Or... they could go for another round of shorting the paper to see if they can grab some more?
http://www.marketwatch.com/story/gold-extends-losses-though-some-still-bullish-2013-09-12
Its their game, we are just barnacles on the underside of the cargo ship trying to guess which way the captain will steer.
That said, precious metals are heavily manipulated, so anything could happen. The ETF naked short game brought the prices down, physical buying reached binge levels. When the big guys have loaded up their trucks, they may just want to reverse it back up.
Some are hinting that this will be sooner than later.
http://www.zerohedge.com/news/2013-08-16/jpm-advises-buy-gold
Or... they could go for another round of shorting the paper to see if they can grab some more?
http://www.marketwatch.com/story/gold-extends-losses-though-some-still-bullish-2013-09-12
Its their game, we are just barnacles on the underside of the cargo ship trying to guess which way the captain will steer.
Well based upon how much digital dollars exist, deflation could get very turbulent. This presumes the credit expansion collapses even more than it has in the past 3-4 years. So silver $ price can go pretty low depending upon this.
But this is just one really extreme scenario that I think would be short-lived as the FED's policy is more for inflation than deflation.
High teens? Hmm, I think there is massive support at 18ish and that if we break under that we could hit 12-13 before new solid resistance is found. Under that? Not sure.
From 2003-2005, a foundation of ~$7 was established. In 2008, silver was knocked down through the 18 level to sub-$10, right around $7 again.
During 2009, a grind up from $10-20 took place, followed by over half of 2010 spent breaking through $18 for the third time.
With the 2011 spike and subsequent two-year grind down to test $18, the same pattern of 2003-2008 is happening at a greater scale.
Trends are still the same, including fiat debasement. Fiat is also the most significant wildcard. Your perspective on buying declines is a long-term one that is well suited to this situation, even when working with paper prices.
Its their game, we are just barnacles on the underside of the cargo ship trying to guess which way the captain will steer.
Epic analogy!
Would love to see silver that cheap again, but the fundamentals? Even with the rising bond rates I don't see the dollar getting that much stronger in the near term. Despite all of the new taxes, the spending is still outpacing it. For the dollar to be that strong, it would take some serious fiscal discipline among those making the decisions with what used to be the money of the American people. Continued dollar devaluation seems more likely than not, as debt ceiling is poised to rise next month yet again.
That said, precious metals are heavily manipulated, so anything could happen. The ETF naked short game brought the prices down, physical buying reached binge levels. When the big guys have loaded up their trucks, they may just want to reverse it back up.
Some are hinting that this will be sooner than later.
http://www.zerohedge.com/news/2013-08-16/jpm-advises-buy-gold
Or... they could go for another round of shorting the paper to see if they can grab some more?
http://www.marketwatch.com/story/gold-extends-losses-though-some-still-bullish-2013-09-12
Its their game, we are just barnacles on the underside of the cargo ship trying to guess which way the captain will steer.
That said, precious metals are heavily manipulated, so anything could happen. The ETF naked short game brought the prices down, physical buying reached binge levels. When the big guys have loaded up their trucks, they may just want to reverse it back up.
Some are hinting that this will be sooner than later.
http://www.zerohedge.com/news/2013-08-16/jpm-advises-buy-gold
Or... they could go for another round of shorting the paper to see if they can grab some more?
http://www.marketwatch.com/story/gold-extends-losses-though-some-still-bullish-2013-09-12
Its their game, we are just barnacles on the underside of the cargo ship trying to guess which way the captain will steer.
Me too, but the question is, how low can we go? 
Paper can go negative.
Physical can hit a discount to face value, most likely if the seller is ignorant of the market - many westerners.
Realistically, small sales not going through established dealers are a crapshoot at this point. I'd say high teens.
Jim Rogers claims the bottom in PM hasn't been form, I'm waiting for lower prices to buy more
Not that I disagree that silver could go as low as $5-$10 but exactly what price are we talking about?
Paper silver price?
Physical silver price?
If we have massive deflation in the USD then anything on the downside of both is possible.
Paper silver price?
Physical silver price?
If we have massive deflation in the USD then anything on the downside of both is possible.
In this thread we are talking about the paper price unless other wise noted.
There is no way anyone could know the physical price all over the world at one time.
Yeah that's (bold) pretty obvious.
In a moving market when you go to sell your silver generally you don't sell at the paper price (if you are smart). Most local bullion dealers/shops mark their bullion up.
Correct me if I'm wrong, but hasn't their been much talk about BUYING and SELLING physical silver in this thread? If so, I would think that would account for the physical price you could get when buying or selling to include not just the paper price, but the physical as well.
Not that I disagree that silver could go as low as $5-$10 but exactly what price are we talking about?
Paper silver price?
Physical silver price?
If we have massive deflation in the USD then anything on the downside of both is possible.
Paper silver price?
Physical silver price?
If we have massive deflation in the USD then anything on the downside of both is possible.
CypherDoc is calling for $4 silver I think. I think that is a bit too far but I would not be shocked if we hit single numberz again.
It was Sxxxx #1 who called $4 silver. ... but maybe I'm wrong will CypherDoc confirm $4 ?
$4 silver? thats crazy!
silver hasn't been that low since, since, well 2002....
oh shit here we go 4$ silver!
why the F did silver shoot up as much as it did anyway?
CypherDoc is calling for $4 silver I think. I think that is a bit too far but I would not be shocked if we hit single numberz again.
It was Sxxxx #1 who called $4 silver. ... but maybe I'm wrong will CypherDoc confirm $4 ?
I bit the bullet and bought some silver a few weeks ago. I didnt really want to but it broke the downtrend and I didnt own any silver so I went ahead and bought. I am hoping for a chance to buy more at lower prices.
You'll get a chance, i think the month long rally is a bull trap, and is about to reverse. I'm not buying into PM's as an investment unless its goes below 16. PM is becoming less and less relevant in todays digital world ( read: bitcoin is the future ). the only reason i would consider investing would be if its grossly undervalued, no other reason.
gold/silver futures lurching lower...
Yeah but silver is still over key support at 18.
Next time we test it will we go under of not is the only realy question i have right now.
Yeah but don't forget; the further it goes below 18 the richer you'll become.
Only if im smart enough to load up at a good level.
I will be looking for near 12 for the first big buy.
That would be epic. An ounce of silver would be a bitcoin dime! Gut feel; seems too awesome honestly -- at least at these btc prices.
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