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 Replies: 68 / Views: 8,460 |
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New Member
United States
10 Posts |
Well that $16.80 may be the effective bottom. If this heads to low $14s, look for those premiums to be 30-50% again!
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Pillar of the Community
Canada
2019 Posts |
Quote:
Well that $16.80 may be the effective bottom. If this heads to low $14s, look for those premiums to be 30-50% again!  You get nothing for free, spot may drop but buy price wont change much in the short term. |
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Pillar of the Community
 United States
586 Posts |
Silver is going to test $14 again. Time frame: one month later.
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Pillar of the Community
Canada
2019 Posts |
Quote:
Silver is going to test $14 again. Time frame: one month later. I disagree, silver is going to test $17 in the next 2 months. See how easy this is...  |
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Pillar of the Community
United States
586 Posts |
Agree, $17 in Canadian Dollar. |
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Pillar of the Community
United States
586 Posts |
Target about reached, I placed an order with Provident Metals.  |
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New Member
United States
10 Posts |
Nice! Anything other than maples?
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Pillar of the Community
United States
7390 Posts |
Haha leon. I just bought a bit of eagles from provident a half hour ago at 16.4% premium before they rise. At 18.5% now and climbing!
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Pillar of the Community
United States
586 Posts |
@blue leader,
Just maples, others are NOT deals.
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Pillar of the Community
United States
586 Posts |
Silver Weekly Futures Report: http://www.cftc.gov/files/dea/cotar...lf110315.htmSince this futures report includes data up to every Tuesday, Friday's smackdown isn't included; but will be on next report. Producer/Merchant/Processor/User hedge their physical silver; most if not all, the rest are just playing paper. It looks like until last Tuesday, Producer category's short position didn't move much; which might mean that they didn't sell much product. At least I didn't buy a single oz before Tuesday, did you? So it makes sense they continue holding the short position as hedge. Swap dealers are usually the Banksters, they didn't cover much short position either by Tuesday. Of course, they knew NFP figures before hand; why would they cover before Friday? I believe they cover a lot after NFP figures; but seems Banksters' short/long ratio will be still quite high. I guess we have to wait until Swap dealer's short/long ratio reaches parity, which might take another several weeks. However, at current price range, the movement of premium is more dominant than silver spot; if you see any special which reduces premium by a buck or two, then you might want to start stacking a bit. |
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Pillar of the Community
United States
964 Posts |
still heading downward. I'm about to pull the trigger......
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Pillar of the Community
United States
586 Posts |
My next purchase would be around Thanksgiving Day. I am expecting silver spot to be in US$13.5 area; and many holiday specials on premium reduction. ASE would be $16 each. |
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Pillar of the Community
United States
964 Posts |
ok, I'll hold off until then as well!!
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Pillar of the Community
United States
586 Posts |
Mr Click, you can still buy now; only if you can find a special price, which has a premium reduction of more than $1.
In this case, you're buying effectively at 13.5 spot.
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Pillar of the Community
United States
586 Posts |
Wow, I start to believe Northerncoins' CAD$17 silver prediction might come true. Edited by leon1998
11/10/2015 4:20 pm
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Replies: 68 / Views: 8,460 |
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Posted 11/05/2015 12:38 pm
