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Looking good today...testing a move up
Yes! It felt like it was bottoming when I bought. Fundamentals are great. The only current caveat is the impacts from the virus. I think we’ll do well in the long haul. GL2U2!
Higher lows and lower highs have brought us to the next leg up. Break through $30 soon and then another parabolic move?
Agreed, it’ll take off soon...earnings season is on the horizon and demand has been sky high.
I added to my position at $5.88 even though there’s a chance it may continue to fall. If it plummets, I’ll buy plenty more, but I’ll keep adding slowly until then.
The bears couldn’t get it past $110. AAPL is on the rise to victory.
I’d say we’ve established solid support at this level by now, and this economy is setting up for the next run in precious metals.
I’m seeing that. It’ll probably go down a lot from here.
FSM went up today with the metals and settled back down, but still closed for a gain for the day.
I’m poised to triple my position with them over the next few weeks—watching the price action, of course. It’s a big gamble right now, really, but the upside potential over the next year is too big to not settle in for the ride. They should be doing better right now, and according to this article, they plan to double their capacity next year—if the courts don’t shut them down.
https://www.fool.com/investing/2020/09/09/energy-transfer-expects-to-start-up-an-expanded-da/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo
They keep talking about sub $30 oil coming back, but talk is cheap. I’m tempted to add at these levels, but it seems to want to go lower. It doesn’t make sense why it isn’t trading higher right now.
Yeah, really. What gives?
I think silver is the right play, but just as there are market makers in the equities, there are market makers in the PM’s. Even though silver is the sound reasoning right now, I don’t put it past the ones pulling the levers to pull the rug out from under us at some point. I understand enough to know that I don’t know every move they have at their disposal when it comes to debt fiat economic “policy”, and they mean to keep their schemes going for as long as possible. It seems like they are down to infinite QE and dollar strength manipulation, but they can’t crush the foreign markets in the wake of their attempts to keep the ship righted. At some point, it will sink, and that’s when we should see silver have its day. They also seem to be playing with the COMEX reporting. They are already ahead of the crisis on the horizon, though. If we know about it, they surely know about it. The digital dollar is their next leap forward. So, don’t count on a huge leap for silver.
It’s like George Carlin said, “It’s one big club, and you ain’t in it!” I’m just hoping to make the most of the swings and the ratios—equities and physical. If their house of cards crumbles, well, I’ll get that farmland out in the country.
Buy. The dividend alone is worth it...if they keep it up. I’m looking to add by late Friday if the price keeps going down.
If you pay attention to open interest on COMEX, the very thing that actually determines spot price, you’ll see when it will be rising. September is historically bullish...October too, but the open interest has recently dropped for September. It looks like it will spike in time for a nice Christmas present, though. I will be accumulating throughout the next two months.
Yes. They have been working on it for years now. The major banks own many blockchain patents. It costs money to transfer money through intermediary banks, and the blockchain will slash those costs and replace many jobs people currently fill.
I think we are in a very unique environment right now. There are many forces tugging on PM prices. I’m just going to hold onto what I have and add when I can. I give up trying to figure out what to expect next.
That’s a good score. I have been waiting for an order for over a week. I’m sure it’ll be another week or so before it arrives. I’m going to have to check my local jewelry stores from now on.
What form did you get? Jewelry (sterling) or .999?
I’ll be happy with that too.
I watched a few nights ago as the spot price dipped into the high $23’s. I almost bought a good chunk of physical but thought it may go down a bit more...wrong. Now I’m buying at current prices because it has nowhere to go but up. What’s a few dollars per ounce extra once it hits $60, $70, or even $90?? I have my paper SLV to play the swings and get that back, anyway. Go SLV
I’m sure we’ll get a good preview tomorrow evening.
Absolutely...but picking the selling and buying points is tricky.
Sorry, didn’t see he already replied
I would think he means SLV is a derivative and not backed by anything. It’s a digital tracker—a play on the real silver market, but you only own the idea of silver and have no claim to any physical product. There are way more shares of SLV than the physical silver it is supposed to represent, from what I have heard. There are other investments which will allow you to take delivery, but this isn’t one of them. The good thing about SLV is it’s easy in and easy out, minus the premiums. I trade the digital for profit. I stack the silver for a store of wealth.
I’m going to use my stimulus to help it go up. Who else?
I noticed junk silver is priced well on ebay. I may give that a try.
It’s over $32 at APMEX. Premiums are sky high.
I just placed an order on the Scottsdale website today. Why would I buy from them through ebay vs their site? Is it quicker? Discounted? Their prices smoke APMEX, btw. $904 for a silver kilo bar vs $1035 at APMEX.
The only thing I like about gold is that it does not corrupt like silver does. When hurricane Katrina hit the New Orleans area and flooded safe deposit boxes at local banks, the gold was unscathed, but the silver was highly corroded. Nonetheless, I still buy silver over gold for the reasons you mentioned.
I'll give it to you bar1080, you've been pretty accurate on your assessment from the beginning. Good call.
WOW! Look at that PPS! What's happening here? Typical BEIL roller coaster or crashing for good this time? It's been a while since I've peeked in on this.
Thanks for the info and links. I believe that. I also believe we're in for a bigger crash than 2008-09. So, waiting for the bottom, bad timing or not, is what I plan to do. I have been interested in the Vanguard funds for the last year. It's probably where I'll start when I get back in. When things crash, they always go lower than where they started - as expressed here.
http://www.zerohedge.com/news/2016-02-12/debts-last-rattle
I think we'll see the dollar as a good play - once it tumbles. It's coming. The world markets are on eggshells, and the power grab is in full effect. There is a commercial construction boom where I live. So, I'm going to get a piece of the action rather than put money in stocks and bonds.
Yes, market timing is improbable, but I have a new business investment this year which will yield much more than most stock investments and take up a good portion of my time. So, when I'm done with that, I'll be able to shift my focus back to the market. I'm hoping things line up well. If not, I'll evaluate and make a plan.
Without a doubt - done.
Yeah. I'm staying out of the market for most of the year. It isn't looking good unless you short stocks, lol. I'm going to start buying into no load index funds and a few solid companies when it seems things are leveling off. I think these are just the beginning tremors ahead of the big shake out.
Sold out for lower buy in...maybe. Watching this closely as it unfolds.
Ok. I just read the news. Dammit...it's a sit and wait game at this point. Are the Whelans lying, or will they be vindicated? I hope it's on the up and up, as they stated, and they aren't just blowing smoke.
Dang! I'm late to this. What's the deal with the sell off?