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Thread: Hi Ho "SILVER"

  1. #1111
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    Quote Originally Posted by peat View Post
    silver gets treated as an industrial metal and isn't really seriously considered a safe haven any more is the reason why I see it as being smacked. There may also be liquidity demands being placed on it when other markets freeze up.

    its like buying a shotgun , imo, one hopes one doesnt need to use it as currency (but still worth having a goodly number of coins lying around as a safeguard imo)
    It does at times ... but really its got a much longer history as a Money metal, thousands of years aka 3000BC it was recorded to be used for trade
    long successive history of being used as a means of exchange=currency Vs Fiat currency

    Of course today we are told it's just a precious metal used for industry purposes ... but go and say that to the Bullion dealers worldwide selling millions of oz per day in bullion form..

    History shows Gold moves first but SILVER always catches and moves much higher percent wise (2008-2011 180% 1970-80 700% higher) but also on the downside ...

    this current BULL market in Gold hasn't see the same in Silver move yet ... but like clockwork when it does it will fly IMHO 2H20 we will see it finally break free

    simple fact>>>
    “Of all the elements, silver is the indispensable metal. It is the most electronically conducive, thermally conductive, and reflective. Modern life, as we know it, would not exist without silver.”
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    Quote Originally Posted by JBmurc View Post
    It does at times ... but really its got a much longer history as a Money metal, thousands of years aka 3000BC it was recorded to be used for trade
    long successive history of being used as a means of exchange=currency Vs Fiat currency

    Of course today we are told it's just a precious metal used for industry purposes ... but go and say that to the Bullion dealers worldwide selling millions of oz per day in bullion form..

    History shows Gold moves first but SILVER always catches and moves much higher percent wise (2008-2011 180% 1970-80 700% higher) but also on the downside ...

    this current BULL market in Gold hasn't see the same in Silver move yet ... but like clockwork when it does it will fly IMHO 2H20 we will see it finally break free

    simple fact>>>
    “Of all the elements, silver is the indispensable metal. It is the most electronically conducive, thermally conductive, and reflective. Modern life, as we know it, would not exist without silver.”
    JB 70-80 was an artificial market with the Bunker Hunts cornering the market .Great book the silver bubble .
    once they shut them down with futures limits etc , it got
    nasty on the downside .

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    Quote Originally Posted by stoploss View Post
    JB 70-80 was an artificial market with the Bunker Hunts cornering the market .Great book the silver bubble .
    once they shut them down with futures limits etc , it got
    nasty on the downside .
    Yes as they made it a one-way trade nil new long contracts allowed on the paper market COMEX... as they say if you beat them at their rules they just change them till it works for them .. had the Bunker Hunts just purchased the real physical metal like old buffet did they wouldn't have been shafted as easy.. as I found out many times when you play with futures your basically just gambling and have a very high chance of blowing your book

    ...but HUNTs got greedy and though the COMEX will keep it a level playing field and took the leveraged play... very dumb move
    Last edited by JBmurc; 23-03-2020 at 10:51 PM.
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    Sold my Silver ETF nice 9.5% profit for couple weeks holding>>>
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    I know I'm pretty much talking to myself here which in it's self is HUGELY BULLISH for the PMs as the masses just aren't interested ..

    Asking around few Silver Bullion sellers in NZ min. wait 4wks.. + huge 30-70%+ premiums over NZD spot .. and I don't see that getting any better anytime soon

    one isn't taking smaller than $10K orders currently

    the free-market trade me much the same pricing if not higher with nil sub 60-70% prems .... and to think I could have purchase heaps near on spot this time last year GUTTED
    Last edited by JBmurc; 26-03-2020 at 02:52 PM.
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    I know I'm pretty much talking to myself here which in it's self is HUGELY BULLISH for the PMs as the masses just aren't interested
    Not at all, JB. I read everything you write on the white metal but having been burnt by the Coeur d'Leon (spelling?) fiasco all those years ago I'm not game for another round!
    Cheers.


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    <waves hand>
    For clarity, nothing I say is advice....

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    Quote Originally Posted by macduffy View Post
    Not at all, JB. I read everything you write on the white metal but having been burnt by the Coeur d'Leon (spelling?) fiasco all those years ago I'm not game for another round!
    Cheers.

    well in a general sense LOL last Gold bull we have quite a few posters investing and interested in the sector I've had a pretty keen focus on since the mid 2000's

    Yes Macduffy the devil metal hurts many that have invested ... I watched companies that I got involved with in the early day go very sour later once in production CCU AYN etc so far I've been pretty good at timing my way out of silver companies ..gee if I stopped investing after my first ass kicking I would have giving up long ago (maybe I should have and just gone long on property only)

    yes Peat your've alway been around ...which is great .. just thought we would see a few other around here that see want I'm seeing with a Silver slingshot on the back of-

    -Histrionic movements of the PM's aka GFCx2 money printing x10 should see an even bigger move in the PM than we seen during the 2010+ BOOM
    -Investment demands pushing bullion to very high premiums over spot
    -Many producers of the Silver metal going on C&M
    -Limited new mines coming on stream
    -production deficits for the last many years
    -FEAR and distrust of central banks heading higher
    -Negative rates in the future for many more nations ?
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  9. #1119
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    [QUOTE=JBmurc]well in a general sense LOL last Gold bull we have quite a few posters investing and interested in the sector I've had a pretty keen focus on since the mid 2000's

    Yes Macduffy the devil metal hurts many that have invested ... I watched companies that I got involved with in the early day go very sour later once in production CCU AYN etc so far I've been pretty good at timing my way out of silver companies ..gee if I stopped investing after my first ass kicking I would have giving up long ago (maybe I should have and just gone long on property only)

    yes Peat your've alway been around ...which is great .. just thought we would see a few other around here that see want I'm seeing with a Silver slingshot on the back of-

    -Histrionic movements of the PM's aka GFCx2 money printing x10 should see an even bigger move in the PM than we seen during the 2010+ BOOM
    -Investment demands pushing bullion to very high premiums over spot
    -Many producers of the Silver metal going on C&M
    -Limited new mines coming on stream
    -production deficits for the last many years
    -FEAR and distrust of central banks heading higher
    -Negative rates in the future for many more nations
    -facts of how much actual silver bullion is available per person above ground at present ... from memory it wasn't much like 1oz to 2oz per person ...
    -JP Morgan holding 500MOZ ?? never seen by a major Bullion bank to build up such a large position pre-2020
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    from another bullion dealer I've purchased from recently

    ** DUE TO PANDEMIC, no shipping will occur until after national lockdown is lifted. Silver bars are on a 12+ week backlog to production. Gold bars and ingots are on a 6+ week backlog to production. Gold and silver coins are either in-stock or available for backorder if indicated, also on a 5+ week backlog until shipment subject to lifting of pandemic lockdown.
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    The spot price of silver is now understandably irrelevant it seems. There's an insatiable demand for what little there is in the retail world. Try finding a kilo just now. Ounces of bog standard generic bullion appear to be going for $40 an ounce on Trademe (current spot price in NZD is just $24). I see 1kg bars are now being listed for 100 per cent above spot price. For premium bullion the prices are much higher.

    A monster box for Eagles now goes for over $23,000 at this retailer:

    https://www.buybullion.nz/product/1-...n-monster-box/

    I hope silver sellers and owners do really well over the next little while.

    Scott Minerd, a guy who manages $275B USD, said silver is his conviction trade just two months ago.

    https://www.youtube.com/watch?v=VB3_oOxVqdk

    I wonder if this is silver's time to shine?
    Last edited by Bobdn; 28-03-2020 at 03:13 PM.

  12. #1122
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    Default Doing their best to keep it down

    Quote Originally Posted by Bobdn View Post
    The spot price of silver is now understandably irrelevant it seems. There's an insatiable demand for what little there is in the retail world. Try finding a kilo just now. Ounces of bog standard generic bullion appear to be going for $40 an ounce on Trademe (current spot price in NZD is just $24). I see 1kg bars are now being listed for 100 per cent above spot price. For premium bullion the prices are much higher.

    A monster box for Eagles now goes for over $23,000 at this retailer:

    https://www.buybullion.nz/product/1-...n-monster-box/

    I hope silver sellers and owners do really well over the next little while.

    Scott Minerd, a guy who manages $275B USD, said silver is his conviction trade just two months ago.

    https://www.youtube.com/watch?v=VB3_oOxVqdk

    I wonder if this is silver's time to shine?
    Yes flight to safety ... will only snowball from here .. the bullion banks of course keeping the price down keeping their massive shorts in place

    And the futures market making it very high risk to go long with the large spreads on close

    A leveraged $95k USD position(req. margin $643 NZD) at the silver price of 14.532 ...the sell is 14.424 so basically your'd be down $1,192 NZD straight off ..if the trade goes against you= massive losses ...now the spread will close a touch but still miles away from what it was weeks ago

    So the paper market is Broken IMHO
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  13. #1123
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    The Silver Series: The Start of A New Gold-Silver Cycle (Part 1 of 3) also if your scroll down your get 700 year fall of interest rates chart

    https://www.visualcapitalist.com/the...-silver-cycle/
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  14. #1124
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    Yes covers silvers current issues
    https://smallcaps.com.au/silver-pric...le-gold-ratio/

    IMHO CORVID19 has caused the massive deflation affects that spur 1:124 gold / silver ratio
    this will force interest rates even lower even to Negative like we see around the world..

    -Consumer spending is nose diving like Oil and for sure interest rates will head even lower unemployment will hit double digits ..

    Silver and deflation
    https://www.kitco.com/commentaries/2...Deflation.html
    From August 1999 to now, gold has actually outperformed silver (this is very similar to the 60s and 70s deflation). The Gold/Silver ratio was around 50 in August 1999, today it is around 74. This is great news for silver's performance during the rest of this deflation. Silver relative to gold is currently better value than at the beginning of this bull market. Just like in the last year of the 60s and 70s period, silver will brutally outperform gold over the remaining period of this deflation.

    Silver is on fire-sale at present ..but its not going to last for too many more months
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    One thing that has concerned me recently with bullion is what effect the forward fixed prices locked in at today's dollars that Ausi dealers are offering will limit the peak price once these orders are met.

    I read John Ryders latest newsletter today expressing the same,

    "While gold prices are rising, investors need to recognise that gold hedging – or the forward selling of
    production at set prices – may blunt the bottom-line impact of higher prices"

    Makes me think, just maybe, consider cashing out if it gets a decent gain this year ?

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