Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
14% upside move today? Congrats to all who were buying in the mid 2's!!!!
I agree, but it just doesn't seem to effect the price much if any.
Last week someone told me their were lines outside a coin dealership waiting to get in to buy silver.
funny thing the price was going down. And went down further the next day. As I've stated in a number of posts, our Gov't won't
let the price of silver raise in an election year.
The demand for chips is growing. this company is in the lead. I expect the pps to go higher, just not at the previous break neck speed that it had a year ago.
If i understand this crazy system contracts can just develop. July could be an extremely busy month for all metals. Remember, this administration can't let inflation run. Not good in an election year.
You're bones are correct. Something is in the wind, but maybe not what you think it is. Just keep watching the political news.
I'll add a little something to what you're getting at. How about this administrations attempt to reduce inflation??
I mean, if they were to let silver float with no manipulation then who knows how high it could go. But the inflation reduction act is
what is keeping the manipulators in force. I can't imagine any metals being able to be free range. that would not be good for this administration
in an election year.
All you metal bulls, THINK ABOUT IT!!!! One never hears about that angle.
I don't know about you but I am getting many e-mails to buy silver. One e-mail has a 10 oz bar for free when purchasing a mini silver dollar box.
Just thought I'd let you know how bad they want to sell physical.
always interesting, and fun at the same time
LATER!!
Totally honest answer to the silver push that is going on at the moment.
I be;ieve many see the stock market as fully priced. No real buys out there at the moment. This gives credence to the metal bulls.
Why not push metals. when uncertainty is at its height then push metals.
Just my opinion,
Wow!! Another silver bull big time! Maybe, everyone needs to look at the disclaimer saying past results do not guarantee future results
I have my doubts. I just always go back to what products / items will cost if silver does go that high.
BTW, that seeking Alpha article on supply and demand is also somebodies opinion.
I think there is something many of you missed in Rob Kientz report he put out on May 22. It would be worth for many of you to go back and re-listen to his words.
He uses words like, he thinks, could have, could breakout, could be, he believes. In other words it's just his opinion, imo. He also believes this is in the early stages of a breakout. With questions like Who's protecting the upside. Gold will go first. How long can silver stay above the 100 dollar mark.
These are all key words, which he backs up with charts and other reasoning.
The key word to me is VOLATILE!!! That is what we are in at this moment. Will silver go below 29? IMO, YES!!! Why, because if it would breakout inflation would go wild and the powers to be aren't going to allow that to happen.
I'm more interested in the why and how? If all these contracts were created last year the price had to be in the mid 20's at best. That means the banks
are going to take a huge loss if these prices remain at this level.
If it is supply and demand, which some think, then this upward move won't last long. Higher low and higher highs are only temporary conditions brought on by over zealous buyers.
FYI, dealers have already limited some buying!! If you own silver start to cash in now, according to a friend of mine who has family in this business. Not my opinion, his. dealers are limiting their inventories.
There is something we can't forget. If the price of silver does get to and exceed $50 an oz, what will the products that require silver do?
Yup, you got it, another round of higher, super inflated products
I sure hope you've had a chance to see Cavoto's interview with Jared on Fox. Jared was asked why the President insists that when he took office inflation
was at 9%. Neil points out and showed clips what the real inflation number was and Jared would not answer the question. As you say, stammer, avoided,
and down right mislead. Down right lied.
Why can't the truth be told by these people? I hope everyone realizes that if they lie on something as simple as inflation then they lie on everything else!!
Anyone who is paying attention can see this commodity is being manipulated. Dollar is at or near an all time high. The big banks have entire departments dedicated to controlling this paper. So these downward moves should not be a surprise,right!!
Thanks Red. That is just what I was thinking. Means May will be a so,so month. June, will be another repeat of April. I'm sticking with my price target and still feel it could be a bit lower come June. 100 million of real silver,
They seem to move these contracts around. Pushing them back then bringing them forward. Or, do they just put in contracts to push the price down.
whatever the situation I think the price of silver will continue to slide down to meet the price. Seems 24.50 would be about right. Your thoughts?
Wouldn't think much higher but could be lower for sure.
My opinion, silver needs to drop about $2 more. Demand hasn't been near as strong since the Ev reality has set in.
we could be 3 years out for real demand to pressure supply.
I seem to recall a movie where they were sayings; IT"S COMPLICATED!!
From what I gathered you suggest the CME might just produce paper without having the actual silver. That would seem to go against the rules.
These silver manipulators have moved, smashed if you will, the contracts before their due date. So the question to me seems what will May bring us in the form
of these contracts. The price should go down I would think.
later
I wonder how much control they actually have this go around? The last two days this month could be very exciting!!
Where's that $30 an oz silver?? Or for that matter the $50 dollar many said was going to happen!! All the posts with links that said $30 was a given and look where we're at. One poster was even saying the price was $30
an oz when it wasn't!! Or we're they speaking in the distant future? Maybe, because it's sitting just over $27.
Isn't that just the way it is. Sure it's different, but that doesn't mean we're going the see the huge changes like they think. The biggest banks in the world
hold physical and manipulate these contracts. I don't see them willing to loss BILLIONS!!!!! Which is why we've seen the huge smash yesterday!!
And to think we still got 12 trading days to go in April. We'll see what happens in these next twelve days, but I haven't changed my position.
At some point, barring any serious world event, we'll see huge dumping to fulfill these contracts which will lower the pps.
Yes, that is the link that was referenced. Sure looks like we're all in for some huge moves the likes which we haven't seen in many years.
Thought you might know? I heard BOA has lost over 4.8 billion on silver contracts just this week. The article said this information was on this site
https://www.occ.gov/publications-and-resources/tools/occ-financial-institution-search/index-occ-financial-institution-search.html
I've looked all over this site and haven't found anything? Maybe a wild goose chase, or is there something to it.
I also remember reading awhile back that for every dollar silver went down one of the big banks who trade futures made a billion dollars?
Just think its only the 12th of April
Just read your last post. With losses that huge it stands to reason these banks are going to knock
the price down
Why are these prices inaccurate? They haven't been right for about three days. Does anyone know why?
Precious Metals
Silver
Futures and Options
GLOBEX CODE
SIK4
LAST
27.320
CHANGE
+1.397 (+5.39%)
VOLUME
134,805
Last Updated 05 Apr 2024 11:59:18 AM CT.Market data is delayed by at least 10 minutes
Patience and time, EXACTLY!!! Throw in a bit of timing and you'll do well.
Still trying to figure out what the CME is telling me? This month has been somewhat of a surprise so far. I'm averaging in.
later
WOW!!, Seems our money system is so overwhelming many just can't understand how it works. Or is it that they are so invested in 1000 oz silver that that has altered their thinking. I'm over 70 and you have taught me the how's and whys of something I always knew was manipulated. So it just goes to prove you can teach an old dog new tricks, lol.
Over the last 2 and half years my trades have all been positive. Thanks.
you're reading my mind again!! I bought some yesterday, got one buy at 13.91. I think I'll put in another order around that price.
We got 25 days to go. Manipulators are working the market now. As we talked about come May!!
I believe we might have hit a wall so to speak. But, it is only the 4th of April.
time for a carefully place limit order, imo.
Have you all noticed the price of silver today? It is bouncing around like I've never seen. From 27.32 to down .03 in a matter of minutes. Then
right back to 27.32.
What is this all about?
Based on how silver has shot up since the first of this month I would say we have a very good chance of going higher. $28 / 30 seems obtainable.
It is only the 3rd of April and we have already reached $27+
Not done yet!!! Here comes $30.00
So true Red. Who in the world will buy silver at 1000 an oz? Dealers will only deal with their most biggest customers. In other words the average stacker will
be screwed!! And just think what items containing silver will cost! OMG, beyond 99% of the population.
I hope everyone realizes we are in a recession. Yes right now. No one is talking about it. But we are in one. Oil prices higher, housing slowing to a crawl,
interest rate still high. Come May the $hit is going to hit the fan, imo. Markets will adjust and go down. Current administration will panic and the fed will step in to lower rates.
Having said that, I see silver moving higher for the next 20 some days. Let's see if this works out. Buy high sell higher? Maybe! Or let it all play out!!
Once again silver today is moving up!!! $27 oz by week end, or today?
That is just a given with this stock. The manipulators move in to put lid on it. Or as we say SMASH it down.
Question I have, why is silver making these huge upside moves?
Dollar didn't move much at all yesterday and the first half hour of trading was much higher? That was a mystery to me.
Again today , pre market it was higher than now. I sold into that market. Will it move higher, sure looks like it will to me, but
will it do it without the dollar going down? Free Range silver. What will make it go higher?
Red may know or have an idea. Maybe something as simple as nothing to hold it back and many buyers. The MANIPULATORS
No change in the fundamentals!! Demand outstrips supply. UP WE GO
One heck of a post Red. I personally don't think it would run up to those amounts. If silver even got to $100 an oz you'd see 1000 sellers and maybe one buyer.
My former boss used to expand situations just like this to help understand a particular problem/ situation and add clarity. I sometimes do the same. It puts things in prospective. Like you said "where does the cash come from to handle that insanity? I'll add, who would buy at those levels? TRUE LEVEL would be much lower or the economy would come to a stand still.
Huge down last week in contracts, CME
I've never heard of demand like this before. Jensen, CEO, is saying as much. Wouldn't be at all surprised to see this stock hit $1200 by May / June.