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 Replies: 2,808 / Views: 90,548 |
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Pillar of the Community
United States
2492 Posts |
Quote:
Should we consider $200, $500, $1,000 /oz silver in the near future? yes. Quote:
Consider? Yes. Expect? yes. if it weren't for banker interference we should have seen $100 by xmas/new years. i had to work today, so I completely missed all the action. |
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Pillar of the Community
Australia
9472 Posts |
I wonder what price silver needs to get to, before it becomes worthwhile to recycle from electronic equipment and batteries.
The high in AUD hit $150.10, I'm loving the ride.
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Bedrock of the Community
 United States
10601 Posts |
This is crazy - I was going to sell a bunch of silver when it hit $100 but it doesn't seem to be slowing down - guess I'll sit back and wait some more...........
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Pillar of the Community
 United States
5192 Posts |
"Why sell today, if you can sell for more tomorrow..."
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Pillar of the Community
United States
1130 Posts |
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All I am doing is striking out the "melt" part. I meant fix the price to the new higher price of $32.68  At this rate you'll have to adjust the price every hour. Heck, just do what the U.S. Mint did and double it, just because they might actually already know where it's headed.   .  |
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Pillar of the Community
United States
676 Posts |
@ triggersmob, it is quite worthwhile to recycle electronic equipment like computers and other electronic devices, and has been for years at this point. You just need to find good volume, process/sort it properly and find the right place to sell it. Thousands can be made from it without excessive effort if done correctly.  |
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Pillar of the Community
United States
1130 Posts |
I watched the action today every chance I could get. And at no point did selling enter mind. At no point did it look like it was at the peak. For all I know there may have been a flurry of selling happening, but the action proved that the buying outpaced the selling.
Silver has, at least for the moment, broken free from the boot on it's neck that's been holding it down for years. Those of you that have followed silver since the 80's and 90's know exactly what I mean.
I regrettably sold a small amount of my gold and silver when it hit around $2000 and $26 an ounce respectively. Why? Because I was conditioned for year's to seeing it get smacked right back down to the floor, every single time it went up. Thought I would buy it back at a lower price, like all the other times, but I was wrong.
Silver (and gold) isn't in a bubble, it isn't in a bull run, it's in a price correction. Price is being corrected to where it should righfully be right now if everything had been adjusted properly and it had been allowed to keep up.
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Pillar of the Community
United States
2492 Posts |
examining the charts, they look like they just wanted to keep on going up. maybe they will, but I would think that a sell-off/profit-taking may be coming next week.
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Pillar of the Community
United States
1130 Posts |
I agree, it looks like it wasn't going to stop, my chart looks the same. It kept climbing all the way through the close of trading. On a Friday. No selloff / profit taking going into weekend. That's a sign of confidence. I could only speculate on what's going to happen next week: but a strong close like we had today could lead to a gap up when we open on Monday morning and that would be an oportune moment for some profit taking. Maybe let it come down and chop around for a few days to retest the $100 support.  |
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Bedrock of the Community
United States
10601 Posts |
Well it was a fun week - See ya Sunday night when the world market opens. Hopefully the US market will open on time Monday morning with the predicted snowstorm.......
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Pillar of the Community
United States
1130 Posts |
Something I saw in my news feed that gave me a little chuckle, and kind of made me feel warm and fuzzy inside  A direct quote from David Bateman on X.. In case you don't know, he's the guy that allegedly bought a billion dollars worth of silver before the run up. Quote:
Congrats everyone on $100 silver. Couldn't have happened to a better group of degenerate mildly autistic misfits Enjoy, and have a great weekend  Edited by Harry213
01/24/2026 12:13 pm
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Pillar of the Community
United States
5192 Posts |
Mr. Bateman should speak for himself.
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Pillar of the Community
United States
1130 Posts |
I'm not sure if Mr. Bateman is the same billionaire that recently gifted each one of his kids, or grandkids, a 100 ounce bar of silver  But all I can see in my mind is some kid looking at it like okay what exactly am I supposed to do with this?  Edited by Harry213
01/24/2026 12:28 pm
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Bedrock of the Community
United States
11914 Posts |
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But all I can see in my mind is some kid looking at it like okay what exactly am I supposed to do with this? Probably what kids with too much money, time and too little parental supervision do - buy drugs and alcohol with it. Rich people never learn. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
2869 Posts |
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examining the charts, they look like they just wanted to keep on going up. maybe they will, but I would think that a sell-off/profit-taking may be coming next week. Considering the tremendous run silver has been on, it's inevitable there will be a pullback (Correction) and a retest of major support levels. A -25% (or more) shakeout wouldn't surprise me one bit. |
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Replies: 2,808 / Views: 90,548 |
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Posted 01/23/2026 5:13 pm
