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Cny (Yuan) Crashes Past $7.00 Usd! Silver To Blast Off?

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Pillar of the Community
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United States
739 Posts
 Posted 08/07/2019  6:52 pm  Show Profile   Bookmark this reply Add luvmyCAM to your friends list Get a Link to this Reply
I saw it in 1980 saw it again in 2008 its not difficult to consider another precious metal spike in the making (China trade, Brexit, Iran, 2020 elections).
Im small fry but bought all I could afford 500 oz. when silver was $14.09 if it hits $28.18 an ounce I sell 250 oz. and leave my free 250 oz. in the banks lock box. Hope I'm completely wrong but have a gut feeling the shakeup to global markets is coming. I envision 20.00 + spot silver sooner than later.
Pillar of the Community
United States
3835 Posts
 Posted 08/07/2019  7:19 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
The first gain in '80 was manipulation of markets. Been the same ever since.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Pillar of the Community
Canada
769 Posts
 Posted 08/12/2019  9:55 pm  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
Price is roaring up again. The market has yet to take notice, but it will. See you guys at $30.
Pillar of the Community
Canada
769 Posts
 Posted 08/25/2019  8:24 pm  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
Without getting too political here, I can assure you that the United States is not interested in making a deal with China until they demilitarize and scuttle the man-made islands in the South China Sea (international waters). China is trying to wait out this administration.

With a resolution nearly impossible, the yuan will likely continue to fall and this event is VERY BULLISH for precious metals. However this resolves itself, I don't know, but in the end trade ties between East and West will be greatly disrupted. Silver $22 is not far away as there is A LOT OF MONEY in the East that needs to find a safe place to go
Bedrock of the Community
Australia
16310 Posts
 Posted 08/25/2019  9:02 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
When PM's are sensitive to the political climate, you don't get a true reflection of bullion prices.

Your bullion gamble is then predicated on the political climate, and as such, gambling in bullion is a poor strategy.

Just treat the international political climate with some political circumspection. I feel that if look at the bullion markets in this way, you will do better with your bullion investments.
Pillar of the Community
Canada
769 Posts
 Posted 08/26/2019  09:57 am  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
It hardly seems worth it to flip physical silver at this point. If you are buying at $15, and selling at $17-something ... and taking into consideration all the transactional costs, it hardly seems worth it. I will hang in there until the bullion market hits a fever pitch. There is a lot of room for PMs to run.
Pillar of the Community
United States
3835 Posts
 Posted 08/26/2019  3:31 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
If you bought at $15, you'll be lucky to sell at $15.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Pillar of the Community
Canada
769 Posts
 Posted 08/28/2019  07:14 am  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
Fistfulladirt,

Are you going to remain bearish right up to $50? Right now, the market disagrees with your sentiment.
Pillar of the Community
Canada
769 Posts
 Posted 12/29/2019  9:33 pm  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
This was a defining moment for precious metals, and the charts show that silver and platinum have broken out of their 8 year down trends in a weak, but sustained, rally. So at what price does silver get interesting again? Sales have been very weak for most dealers, but at what price will people come flooding back in? $20, $30, $50, $100?
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United States
4053 Posts
 Posted 12/29/2019  10:53 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
Looking at Kitco, price is slightly up for most precious metal. IMO Silver needs to pass $20 to get investors attention, and stay at least at that level for some time.

The Mercury Dimes Specialist!
Current project: US Dansco 7070 Album
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Pillar of the Community
Canada
769 Posts
 Posted 01/05/2020  06:27 am  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
It is very concerning that the price of precious metals began running up just PRIOR to the US embassy protests in Baghdad.
Pillar of the Community
United States
673 Posts
 Posted 01/05/2020  07:01 am  Show Profile   Bookmark this reply Add joecoin to your friends list Get a Link to this Reply

Quote:
It is very concerning that the price of precious metals began running up just PRIOR to the US embassy protests in Baghdad.



Let me fix your typo.

It is very coincidental that the price of precious metals began running up just PRIOR to the US embassy protests in Baghdad.
Pillar of the Community
Canada
769 Posts
 Posted 01/05/2020  6:12 pm  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
Bwahahaha... Kitco servers are getting overwhelmed with quote requests. App keeps crashing.
Pillar of the Community
Canada
769 Posts
 Posted 01/05/2020  8:48 pm  Show Profile   Bookmark this reply Add JGG to your friends list Get a Link to this Reply
Gold just blew through $2000 CAD, and silver just smashed through $24 CAD
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