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Valued Member
United States
450 Posts |
At my age, 2004 seems recent, LOL.
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Moderator
 United States
187446 Posts |
1970 still feels like thirty years ago.  |
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Valued Member
United States
450 Posts |
The saddest part is that we had more than 20 years to buy silver for less than $10, premium included. I bought some, but holy moly, I could've bought sooo much more. It just seemed boring with no real movement.
I also note as I have previously, that after each of the two big previous peaks (1980 and 2011) spot took years to settle down a long downward slide.
I ain't saying we're on that road from this peak, things are different now. But, I wouldn't rule out a few years.
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Moderator
United States
187446 Posts |
I am glad that all the silver coins for my main collection are already in my collection.  The only thing this run-up hurts is my current US Mint purchases—silver proof sets, commemorative dollars, medals, etc.  |
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Pillar of the Community
United States
1049 Posts |
Quote:Quote:
Quote:
This is, after all, the longest stretch of time we've seen so far where Silver has remained "range bound", stuck,
I guess the two decades beginning in 1984 don't count? I'll say this again, let me remind everyone to Please keep things in proper context... Vector Ze perhaps you should take a little time to read what I write more carefully... Not snip part of my sentence while leaving of the important part. Below is what I actually wrote. Quote:
This is, after all, the longest stretch of time we've seen so far where Silver has remained "range bound", stuck, in the mid $70's.
Vector Ze Perhaps you could explain to the class when exactly since 1984 did silver remain range bound in the $70's   |
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Valued Member
United States
450 Posts |
Oh my, I've angered the gawds.  |
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Pillar of the Community
United States
1049 Posts |
Quote:
The saddest part is that we had more than 20 years to buy silver for less than $10, premium included. I bought some, but holy moly, I could've bought sooo much more. It just seemed boring with no real movement. Yup, many of us here are in that boat. I first became "aware' of Silver bullion when Silver was around $4 an ounce. I was a young lad but somehow I knew it was a great investment... But of course as you said it seemed boring, and the thought of stacking it and socking it away seemed even boring. But here we are again, no movement, seems boring. Is it possible you'll be sad in a few years for not buying at $74? Quote:
I also note as I have previously, that after each of the two big previous peaks (1980 and 2011) spot took years to settle down a long downward slide.
I ain't saying we're on that road from this peak, things are different now. But, I wouldn't rule out a few years. Care to share your thoughts or opinion on what this "years to settle down a long downward slide" could look like for the current 2026 "peak"... Like how many years will it take? And what price should it settle at? |
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Pillar of the Community
United States
1049 Posts |
Quote:Oh my, I've angered the gawds. My other pet peeve is litter bugs... You know, those people that toss their trash on the ground...  |
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Moderator
United States
187446 Posts |
Meanwhile. Silver had a dip last night. Living in the ~$74 zone this morning.  |
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Moderator
United States
187446 Posts |
Now we are running in the ~$73 zone.  |
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Pillar of the Community
United States
1049 Posts |
Finally something different. It took 3 back to back Doji's for Silver to decide. I guess the 3rd try was the charm. Big Red candle go Down. But then also every other market index has a big red candle today. So..  What to look for next? For Bull's to push it back up before the close and make a 4th Doji of indecision. Or, someone sends out a tweet, or an article on Axios (after they make their stock trades of course), and tomorrow we get a big "Green candle go back up" and the crowds cheer. Worst case scenario, the tweets don't work and Silver makes a lower Big Red candle tomorrow, and the next day, and we buy the dip.  |
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Moderator
United States
187446 Posts |
Quote:
But then also every other market index has a big red candle today. So.. Quote:
tomorrow we get a big "Green candle go back up" and the crowds cheer.  Quote:
Worst case scenario, the tweets don't work and Silver makes a lower Big Red candle tomorrow, and the next day, and we buy the dip.  |
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Moderator
United States
187446 Posts |
And now we end the day in the ~$72 level.  Overnight crew, do what you do. |
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Valued Member
United States
450 Posts |
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Overnight crew, do what you do. Just that a general downward drift over the next few years would be normal, given the recent anomalous peak. Certainly not cast in stone, the dynamics have changed over the decades, and clearly the floor is higher now. But, don't bet the house on an imminent resumption of upward prices. The odds of coming close to the recent spike are remote in the near future. "To the Moon", is a silly thought that has been expressed by silver bugs for decades. Well, we did that a few months ago. If you wanted to liquidate then and didn't, hoping for $250 spot, you missed the boat. I didn't sell in 2011, or in 2026. But it seems likely that holding onto the "to the Moon" stuff is pretty fanciful. Micro managing and analyzing short term charts is not based in reality. Edited by Vector Ze
Today 3H 19M ago
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Bedrock of the Community
United States
24872 Posts |
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Micro managing and analyzing short term charts is not based in reality. Agreed, Vector Ze. "Silver" is a commodity - not a living entity with a mind of its own battling against nefarious conspiracies for the entertainment of internet belly-button examiners. The recent exponential rise and fall was another typical balloon driven by speculators and FOMO investors. Supply has not changed drastically, nor has demand suddenly spiked and fallen. I see silver sliding back to the neighborhood of $50-$55 / ozt and then crawling up for a few years. No, I don't have any multicolor graphs with arrows and acronyms all over it - just the experience of having lived through this several times. I made great profits in the past and will again in the future. Inordinately fascinated by bits of metal with strange markings and figures
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Posted Yesterday 4:37 pm
