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 Replies: 114 / Views: 16,589 |
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Pillar of the Community
United States
5832 Posts |
The premium to buying and selling stocks is much lower then buying PM, there's no per ounce premium attach unlike PM. But I'm a sucker to those shiny metal myself, it pretty addictive.  |
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Valued Member
292 Posts |
I personally think that the silver market is being heavily manipulated (conspiracy theory). I think that someone is able to jack the price up to create a false sense of urgency among buyers who basically go "oh shoot we better get it before it goes too high" and then the price comes back down to actual levels.
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Pillar of the Community
Canada
2019 Posts |
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I've seen stocks that people have recommended saying "This is the BIG one" and the company goes bankrupt. Sounds like the same "People" from the movie "The Wolf of Wall Street" |
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Pillar of the Community
United States
1068 Posts |
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Is it likely that it will go down to $14 soon? Me personally, I wouldn't hold my breath for that to happen... When silver gets to the low to mid $15's, it always shoots back up... |
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Pillar of the Community
 United States
586 Posts |
As I mentioned last Friday, things have taken an ugly turn. I said a counter-trend rally might happen as early as this week; and it did. However, I believe the manipulation is far from over; after this short-squeezing is done (I am afraid it will last several weeks, not only to squeeze shorts; but also to lure some longs), then deja vu price will head back down again. For myself, I am not buying any physical until Thanksgiving.  Edited by leon1998
05/14/2015 10:46 am
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Pillar of the Community
Canada
2019 Posts |
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For myself, I am not buying any physical until Thanksgiving. So your going to buy at above $20 oz? |
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Pillar of the Community
United States
586 Posts |
Last weekly gold COT report showed Commercials increased their short position by more than 50K contracts. How massive was that? It is equivalent of 69% of current COMEX holdings including bullion banks and their customers.
The downtrend of gold and silver prices probably has begun.
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Pillar of the Community
United States
6478 Posts |
I predict it to be 16.80 when I post this.
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Valued Member
292 Posts |
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Pillar of the Community
United States
2168 Posts |
sure is. I guess if it stays here, premiums will surely rise.
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Bedrock of the Community
United States
11951 Posts |
Wonder ..what it will do ....back over $15 now.
While it was in the $14's .... Locked in a monster box for my Dad ...
I hope it does not drop lower .. At least until he get's the box.
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Edit .. had to edit that .. was at work on Ipad ..
not even sure what I was saying ..
Is anyone else buying Eagles .. little curious what prices
others are paying
Sort of hoping it does not drop lower .. I am buying for myself also.
Edited by GR58
07/07/2015 6:26 pm
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Pillar of the Community
United States
586 Posts |
Took five months to see $14's, LOL
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Valued Member
United States
61 Posts |
$14.96 now.... it's dropped over $.50 today
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Pillar of the Community
United States
3644 Posts |
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Valued Member
57 Posts |
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The current gold/silver price ratio is over 70; which is absurd considering silver's annual production is only 15 times of gold in weight. In many ways, I believe the downside for silver is limited Leon1998 Think there is something to that |
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Replies: 114 / Views: 16,589 |
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Posted 05/14/2015 12:06 am
