Quote: The mines arent dry, there are more mines out there
I'm wondering if anyone knows of any good videos or links that show the mining process. I am a little curious on how they do it...it would be cool to see.
Quote: basebal21, What I mean is trying to make precious metal commodities market a even playing field for everyone involved, both big and small players. Where the price of an ounce of AG is allowed to achieve it's rightly due price without being artificially suppress by a minority for the benefit of the few. Free market at work, if at all possible. Here's hoping.
Thanks for clarifying.
I would argue that the free market is at work. Its doing what its doing in response to investors.
Investing will never be a level playing field nor should it be if you think about it. Say you were building something and you put 10k into the project you would expect to have more say in it that someone who put in 100 dollars.
Stocks and commodities are basically the same idea. If people are buying their price goes up, if people sell it goes down. The people with the huge bankrolls will have more ability to affect the price then the casual investor or buyer. The more money you have the more you can buy.
For commodities there are certain things that happen I dont agree with like with oil trading that can raise the price. I dont see that happening with regards to silver though. Some may call it manipulation but a lot of it is just its natural investment cycle. Its never been more than 50 an ounce and hit that recently then people took their profits and sold which outweighed the new buyers.
I know theres a lot of talk that should should be exploding but I personally am not a believer in that. I think it can gain in the future but I dont believe it will be to the levels that are supposedly being manipulated. In its 2000 year history its never been viewed as more valuable than gold and probably not even equally as gold. Its always been that valuable item that everyone could afford, I'm not sure what is supposed to be different in that sense now a days.
JPM and the major buyers do have an influence on price, but what are they supposed to do hold their paper shares forever and not sell when its at all time highs and starting to fall? Plus if you think about it why wouldnt they want to let it sky rocket and reap the profit then crash the price with a major sell off and do it all over again?
Im not anti silver by any means but I fully expect it to return closer to its 5 dollar level than 50 dollar level if our economy turns around. Theres definitely other reasons to own silver other than as an investment, but as an investment there are MUCH better uses for the money if you are only trying to make money
Quote: I'm wondering if anyone knows of any good videos or links that show the mining process. I am a little curious on how they do it...it would be cool to see.
One minute, PMs go higher in price and everyone complains they aren't high enough, that they are being held back.
The next minute, the price falls, and everyone complains that the price is being knocked down on purpose.
Yet, while the price of silver was at the top, it gave signs that it was running out of steam, that you could take profits. But no one listened to the markets signs and tells. No they held and wanted higher prices.
Folks, you cant have it both ways. and please stop insisting that "theres no way of telling if silver is going higher". that's one of the biggest cop outs ever by the general public.
Now, the PMs are in a downtrend. Everyone refuses to accept that lower prices could happen and could be much lower from where they are at now. They "hope" that the prices come back. Others insist that they will buy every single dip because its going to come back.
I laugh at that because the time to be buying is not when its in a downtrend, not when its range bound, but when its moving up. And buying because its "cheap". thats classic. Wish I had nickel for every time I have heard folks say "its cheap". HAHA! Ask the poor suckers that bought Eron and Lucent, and so on... because they were cheap and a great long term hold.
Finally.. there are things you can do to work both ends of the PMs, both the buy side and sell side. You can sell silver short with options, leveraged ETFs, futures, or selling short silver ETFs. You could hedge your physical positions and thats what I do. I also am waiting to sell short silver and gold itself.
Oh,, and please, lets knock off the talk about "paper traded silver and gold" whatever on gods good earth that means. LOL. Listen, there's is no such thing as "paper trading" of PMs. Futures contracts are the REAL DEAL. If you dont roll over the contract, guess what guys, you are responsible for that gold and silver.
Oh,, and please, lets knock off the talk about "paper traded silver and gold" whatever on gods good earth that means. LOL. Listen, there's is no such thing as "paper trading" of PMs. Futures contracts are the REAL DEAL. If you dont roll over the contract, guess what guys, you are responsible for that gold and silver.
If you arent physically moving the commodity every time its bought and sold its paper trading. Oil is traded on paper and in the books all day long, so are PMs.
Youre also referring to futures instead of the ETFs. Most people dont trade in futures and stick to the ETFs like the SLV who isn't delivering physical product to almost anyone
Again, there is no such thing as paper trading in the commods markets. They are called contracts, not papers. And again sorry, they are not traded solely everyday to not take delivery.
Indeed, many large companies from all over the globe everyday do indeed take delivery of these CONTRACTS. So before you state that everyday they are traded on "paper".. whatever that means. and "on the books".. whatever that means too... tells me you never seen Exxon, BP and other oil majors and Indies taking delivery !
Only folks who have never even traded a futures contract call it "paper trading". Sounds very silly and shows ignorance and complete lack of knowledge of the futures contracts. Again, there is no such thing as "paper trading". What does that mean? what kind of paper? toliet paper? Newspaper? Scratch paper? give me a break. Learn how to use the proper terms or dont use them at all.
and earlier I was referring to all vehicles, futures contracts, ETNs, ETFs etc ET AL.
Again, anyone who uses the term "paper trading" has as much perception and knowledge as a walnut, ima sorry. There is no such thing as "paper trading" in the commods.
Quote: Again, there is no such thing as paper trading in the commods markets. They are called contracts, not papers. And again sorry, they are not traded solely everyday to not take delivery.
Friendly piece of advise you really should give up the high and mighty attitude my friend. Everyone knows its a contract, what are contracts printed on paper. Paper trading is nothing more than a slang term from it. When the President says Obamacare during a speech do you yell at the tv that its not Obamacare but the Affordable Healthcare Act?
So youre telling me that the first time a futures contract is sold that delivery is taken everytime. If you answer yes to that I no longer believe you do what you say you do.
Quote:
Indeed, many large companies from all over the globe everyday do indeed take delivery of these CONTRACTS. So before you state that everyday they are traded on "paper".. whatever that means. and "on the books".. whatever that means too... tells me you never seen Exxon, BP and other oil majors and Indies taking delivery !
Where did I say delivery was never taken from any futures contract?
The rest of your comment isn't worth addressing because an oil tanker proves nothing of what I was talking about and if you really dont know what I was talking about your gig is up.
Quote: Only folks who have never even traded a futures contract call it "paper trading". Sounds very silly and shows ignorance and complete lack of knowledge of the futures contracts.
Ever heard the saying that the guy who always tries to be the smartest guy in the room never is......
Quote:
Again, there is no such thing as "paper trading". What does that mean? what kind of paper? toliet paper? Newspaper? Scratch paper? give me a break. Learn how to use the proper terms or dont use them at all.
Its really not that complicated I'm sorry it went over your head.
Quote:
and earlier I was referring to all vehicles, futures contracts, ETNs, ETFs etc ET AL.
I didnt know you had no idea about ETFs I'm sorry for assuming you did. Silver ETFs dont deliver silver neither do gold. Theyre is all essence nothing more than buying a share of it to sell at a later date as a way to invest in it with easy resale.
Quote:
Again, anyone who uses the term "paper trading" has as much perception and knowledge as a walnut, ima sorry. There is no such thing as "paper trading" in the commods.
To take a page from your playbook whats a commods? Is that like a commode. I'm sorry but calling a commodity a commods sounds silly and just shows a complete lack of knowledge and understanding of commodities. Use the proper term or dont use it at all
Well my enthusiasm for stacking silver isn't flagging. JUST the US mint sold roughly 133 million ounces of ASE between 2008-2012 with a record breaking 11 million just in the first 2 months of 2013. That's not a "cycle", it's a progressive awakening to what real money is and has been for the last 6000 years. The word in French for money is silver. For me it's a collection but also a hedge against inflation which we all have noticed by now is growing. To think there's no manipulation of the silver price knowing sales are busting through the roof is ludicrous.It's normal that silver is cheaper but not this cheap. You find about 16 ounces for every 1 ounce of gold mined. That ratio always was until only recently Now it's 53 to 1...something's wrong with that. The paper silver market has nothing to do with reality.
Forget about silver returning to $5. That's not about to happen anytime soon.Why? For starters there's that pesky little 16 trillion dollar debt (and growing). Or all that money printing, which in turn buys all your own bonds. Or how about the unwillingness to reduce the empire while 47 million souls are on food stamps?(and growing)
I wish things could turn around just as much as the next guy but the writing on the wall isn't encouraging.
Quote: You find about 16 ounces for every 1 ounce of gold mined. That ratio always was until only recently Now it's 53 to 1...something's wrong with that
Thats true I would argue though thats just nothing more than demand. A lot of people are priced out or leery of gold at these prices so more people turn to silver instead of gold. Someone could save 20 dollars a week and add an ounce of silver every other week where if they used that same method it would take them almost two years to get a single ounce of gold.
I definitely agree though that silver demand is up and I enjoy all of mine
Quote: If you arent physically moving the commodity every time its bought and sold its paper trading. Oil is traded on paper and in the books all day long, so are PMs
So if the banks are shorting, who's picking up the other side?
For every short, there's a long. This idea that the shorts are manipulating the market are overblown.
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