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08-10-2020 , 10:09 AM

#3776

turtletom

old hand

Join Date: Aug 2015 Posts: 1,749

Quote

08-10-2020 , 05:30 PM

#3777

pokeraz

Pooh-Bah

Join Date: Sep 2003 Posts: 4,076

Good news for silver fans. I sold my entire silver position today. Should rocket to $50 very soon now.

Quote

08-10-2020 , 07:21 PM

#3778

Montrealcorp

Carpal \'Tunnel

Join Date: May 2007 Posts: 16,749

Lol ...
But why would U sell today if not too personal ?

Quote

08-10-2020 , 07:25 PM

#3779

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

Yeah, sorry, but that just seems like a bad decision. Guessing the top is generally not a good idea. Sure, it's not straight parabolic anymore and there's been some pullback, but most indications are it will continue to go up. I would have waited for more definitive evidence of a reversal before selling personally.

Quote

08-10-2020 , 08:13 PM

#3780

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Quote:

Originally Posted by pokeraz

Good news for silver fans. I sold my entire silver position today. Should rocket to $50 very soon now.

thanks i appreciate the support for silver, lets keep the bull going
i think silver is gonna get to 37-41 by end of year.
i added some physical silver today at 44$ an oz Canadian.

Quote

08-10-2020 , 08:22 PM

#3781

pokeraz

Pooh-Bah

Join Date: Sep 2003 Posts: 4,076

Needed to free up cash. I’m certain I will regret it.

Quote

08-10-2020 , 09:51 PM

#3782

snowie963

banned

Join Date: Sep 2019 Posts: 1,484

Quote:

Originally Posted by karamazonk

It's not really guessing the top, just selling a position

Quote

08-10-2020 , 11:24 PM

#3783

turtletom

old hand

Join Date: Aug 2015 Posts: 1,749

Aren't you always "guessing" a top when you sell an asset? Unless you know something for certain, it's always just a guess based on probabilities.

Even the best traders having losing trades. They even sell bottoms and buy tops.

Quote

08-10-2020 , 11:48 PM

#3784

snowie963

banned

Join Date: Sep 2019 Posts: 1,484

If I have less risk in a stock I will be guessing that top is much higher than I would in an overextended option that expires in 4 days

I don’t understand people giving him a hard time for selling as if it’s guaranteed silver hits $35 before going back to $22 for a few weeks or months

Quote

08-11-2020 , 12:11 AM

#3785

Montrealcorp

Carpal \'Tunnel

Join Date: May 2007 Posts: 16,749

Quote:

Originally Posted by jfound

thanks i appreciate the support for silver, lets keep the bull going
i think silver is gonna get to 37-41 by end of year.
i added some physical silver today at 44$ an oz Canadian.

If not too personal , where u bought your physical silver ?
banks ? Mint ?

I might buy some but the physical I’m totally clueless .
Thx

Ps: Hopefully, something that would be possible to trade easily , so no bars , thx

Quote

08-11-2020 , 12:42 AM

#3786

jefkve

old hand

Join Date: Mar 2009 Posts: 1,482

Quote:

Originally Posted by Montrealcorp

Having collected coins for quite a few years, I would say find a good, reputable dealer near you and see what they can do for you. Some are much better than others to deal with and will call you if they happen to get what you want in...That said, they also tend to hoard some of the good stuff for themselves, so good luck there. When silver was $15/oz, they were selling coins at $20/oz and could not keep it in stock. I haven't checked in with my guys recently, but I assume they are still out of stock on ANYTHING that you might want (dimes, quarters, halves, dollars), and are still charging steep premiums: https://www.apmex.com/product/23331/...bu-random-year Even 1oz bullions rounds are over $30/oz....

Quote

08-11-2020 , 01:08 AM

#3787

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Quote:

Originally Posted by Montrealcorp

I buy at a vbce.ca in canada

Quote

08-11-2020 , 05:27 AM

#3788

Montrealcorp

Carpal \'Tunnel

Join Date: May 2007 Posts: 16,749

Thx both of you !

Quote

08-11-2020 , 08:41 AM

#3789

rand

Pooh-Bah

Join Date: Feb 2007 Posts: 4,154

Quote:

Originally Posted by mrbaseball

It's still above Wednesday close. These things tend to fluctuate

Actually a little pullback is more healthy than just up up up.

And this is true. But there is something special about the precious metals. You are ignoring a great deal of history to just lump them in with other commodities.

They have been money for much of recorded history. And while it is clearly speculative, there is a good fundamental argument for them returning to that role.

In this case there is also a strong argument that the fiat experiment has fundamentally mispriced these “commodities.”

And rehypothecation, and other surprising schemes like GLD are quite real...

Quote

08-11-2020 , 08:43 AM

#3790

rand

Pooh-Bah

Join Date: Feb 2007 Posts: 4,154

In fact, replacing them as money by definition zapped some of their utility. So if they were to return...there should theoretically be a transferrence of value...

Quote

08-11-2020 , 09:29 AM

#3791

Kelhus100

banned

Join Date: Mar 2020 Posts: 2,504

Looks like SLV went down ~7% in premarket this morning. This seems non-ideal.

Quote

08-11-2020 , 10:26 AM

#3792

jfound

banned

Join Date: Apr 2012 Posts: 2,388

It’s okay I’m in it 4 da long run

Quote

08-11-2020 , 10:27 AM

#3793

NajdorfDefense

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 17,676

Quote:

Originally Posted by pokeraz

Good news for silver fans. I sold my entire silver position today. Should rocket to $50 very soon now.

Good sale!

Quote

08-11-2020 , 10:31 AM

#3794

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Buy silver on hyperinflation thesis
Inflation ticks up slightly
Silver crashes 7%

Quote

08-11-2020 , 10:34 AM

#3795

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Quote:

Originally Posted by NajdorfDefense

Good sale!

Short term variance ah, only good if he re enters

Quote

08-11-2020 , 10:41 AM

#3796

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Quote:

Originally Posted by ToothSayer

Buy silver on hyperinflation thesis
Inflation ticks up slightly
Silver crashes 7%

Inflation slowly? Have u check food prices, ain’t slowly where I’m from

Quote

08-11-2020 , 10:47 AM

#3797

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

I mean official measures, which came out today and sparked this dumping. Some prices are up due to supply chain disruptions, not real inflation.

Quote

08-11-2020 , 10:56 AM

#3798

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Lol @ believing their stats. No manipulation though

Quote

08-11-2020 , 10:59 AM

#3799

NajdorfDefense

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 17,676

Lol you're a moron. Nobody has to 'believe' stats, you can just check prices yourself.

Quote

08-11-2020 , 11:03 AM

#3800

jfound

banned

Join Date: Apr 2012 Posts: 2,388

Lol so I’m a moron for not trusting their stats, I go grocery shopping and there isn’t a little inflation like the numbers says. Keep sheeping
There is a lot of inflation due to money printing like no tomorrow, supply chain disruption too.

Quote

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