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Pillar of the Community
United States
1042 Posts |
The only thing I'll predict is that I've ordered 2 boxes of halves...and that I've got a buyer that's paying 14X face.  I've honestly no clue where it's going. At the moment, I've got an extra $1,000 that I'm able to "play with". 2 boxes of halves next week, and a couple of boxes of dimes if I'm not too lazy. |
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Bedrock of the Community
Australia
21786 Posts |
I think it is just a gamble to hope that the bullion prices will just continue to rise, although the USD seems to be depreciating, hopefully in at least a partially controlled manner. As we all know, the silver price is quoted in USD per ounce. I wonder if the real bullion price of silver is actually rising. Maybe you are just gambling against a depreciating USD.
There has been some successful negotiations to partially float the Yuan, but the U.S. Treasury has been publically disappointed about the resultant poor appreciation of the Yuan, which would give U.S. export goods a fairer go.
It might be helpful to chart the Australian Dollar against the USD.. The reason for this is that Australia has a fairly stable and long term growth export market to China for a wide range of mineral commodities. The main influences on the value of the AUD are mineral prices, with international contracts termed in USD, Oz. bank stocks, and the ratio of the USD to the AUD.
The unemployment rate in Oz. has remained stable at about 5% over about the last 5 years and throughout the Global Financial Crisis.
It might also be helpful to chart the silver price against say a 200 day moving average, or longer period. If you wish to sell silver, a 50 day or less moving average could be considered.
Having said all of that, I don't care really what the silver price is, because my interest in numismatics extends over decades, not months or years.
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Pillar of the Community
United States
602 Posts |
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Pillar of the Community
United States
672 Posts |
Silver will hit $50 an ounce exactly one week after I sell all mine for $20... I think that sounds about right
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Pillar of the Community
United States
1659 Posts |
Quote:
Silver will hit $50 an ounce exactly one week after I sell all mine for $20... I think that sounds about right
 I thought I was the only one with luck like that! |
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Valued Member
Israel
423 Posts |
Quote:
Silver will hit $50 an ounce exactly one week after I sell all mine for $20... I think that sounds about right Please let me know when you sell |
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Pillar of the Community
United States
3294 Posts |
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Valued Member
United States
83 Posts |
Ah but should we not forget, silver traded over $20 back in the 1st qtr of 2008 and also back in 1990.
I hope it does break the "barrier" and climb higher, but if history repeats itself, then it looks like the down hill slide will start and then it will hover around $18.
BUT, then again, who really knows.
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Bedrock of the Community
United States
10284 Posts |
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Pillar of the Community
 United States
2448 Posts |
Stephen, Dude!! This about you 4th or 5th post on silver futures. Just curious, are you a commodities broker looking for a grass roots consensus to justify a position?
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Valued Member
 United States
206 Posts |
carmykle and all
I buy silver BU OBR for grading and then sell the BU coins at a loss/ I guess you would say I am a broke commodities trader.
I do pay attention to the market and sold most of my BU rolls inventory of silver last week. Then I bought more OBR. The price does not affect me since I buy and sell on short term holdings. This post I created from a post two weeks ago" when will silver hit $20" Which I predicted every day last week. last Sunday.
Following the post daily, the last post was "there should a post as to when will silver hit $21" I embellished it by doing a poll at $22. and invited comments
Like when will the ice go out on the lake contests when have here in New England. I'm sure our group will not influence the price of silver nor do I have any left to sell.
From are informative reply's. I feel I have learned some things such as the China issue, as well as all that read this post and for that matter all posts here..
We have no coin clubs anywhere near my home so I feel this is my coin club with out driving.
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Pillar of the Community
United States
511 Posts |
October 19, closing price $22.07.
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Valued Member
United States
52 Posts |
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Valued Member
United States
206 Posts |
Silver hit $22 this morning at 3:00 AM on the Hong Kong market. I was off by 5 days
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Pillar of the Community
United States
2424 Posts |
sowhat factors would affect the prices? I have ben told speculation is one of themain driving forces behind the gold/silver run up.. take those guys back in the 80's, the hunt bros. (now own Kan City Cheifs) I feel like the upswing will level itself out and get back down to around 15/oz...
i say this based on one tidbit of info, that the real cost of mining silver is overinflated. also, have they mined all the silver yet? I would love to see some hard facts and articles to back up some of this info and even the rumors I have been told. I feel like buying silver for investment purposes would be silly now. like someone said before, it will hit 18 beefore it hits 23.. wait till next quarter or the 1st Q of next year and we will see it drop back down, possibly to a level of inflation of 15 or 16/oz. but even that, I feel is over what it 'should be' given how much it is to really mine this stuff...
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Posted 09/17/2010 11:34 pm
