| Author |
 Replies: 29 / Views: 4,165 |
|
|
|
Pillar of the Community
United States
1479 Posts |
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
4333 Posts |
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
798 Posts |
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
798 Posts |
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
21788 Posts |
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
798 Posts |
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
4333 Posts |
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
798 Posts |
Fistfulladirt,
Are you going to remain bearish right up to $50? Right now, the market disagrees with your sentiment.
|
|
Pillar of the Community
Canada
798 Posts |
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?
|
|
Pillar of the Community
United States
5832 Posts |
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.
|
|
Pillar of the Community
Canada
798 Posts |
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
789 Posts |
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
798 Posts |
Bwahahaha... Kitco servers are getting overwhelmed with quote requests. App keeps crashing.
|
|
Pillar of the Community
Canada
798 Posts |
Gold just blew through $2000 CAD, and silver just smashed through $24 CAD
|
| |
Replies: 29 / Views: 4,165 |
First Page
Posted 08/07/2019 6:52 pm
