Silver - Page 153 - Business, Finances and Investing Forum

Did you faithfully record before and after prices for a basket of goods, and calculate a percentage difference? Just to be clear: it's your claim that they're lying about the prices in an easily checkable/verifiable prices of a basket of goods?

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08-11-2020 , 11:23 AM

#3802

jfound

banned

Join Date: Apr 2012 Posts: 2,389

My family runs a grocery business and I know the prices first hand. Dad keeps saying prices keep increasing. You believe what u want and I’ll believe what I want. You do u, I’ll do me

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08-11-2020 , 11:33 AM

#3803

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

Quote:

Originally Posted by jfound

My family runs a grocery business and I know the prices first hand. Dad keeps saying prices keep increasing. You believe what u want and I’ll believe what I want. You do u, I’ll do me

Except this is an objectively verifiable thing. It's not a question of "believing" or opinion. We can measure this easily, and lots of groups do, from the government to private institutions.

Your dad saying "prices keep increasing" isn't a quantified statement. "Prices keep increasing" is exactly consistent with the inflation numbers we say today.

Did they increase 1% for your family? 5%? In meat or across a broad range? Is their little neck of the woods (delivery bottlenecks?) indicative of broader USA?

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08-11-2020 , 11:42 AM

#3804

jfound

banned

Join Date: Apr 2012 Posts: 2,389

Let just say it increased more than the government is reporting. Does the government ever give u accurate numbers. Like employment and other stats. I don’t think so, so I take their numbers with some cautions.

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08-11-2020 , 11:44 AM

#3805

A_C_Slater

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Join Date: Oct 2004 Posts: 8,343

Doesn't the government admit that they no longer track commodities in their CPI because they too short term volatile?

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08-11-2020 , 01:23 PM

#3806

pokeraz

Pooh-Bah

Join Date: Sep 2003 Posts: 3,873

Will we see any support at 24? 9% drop today. I've got to dump it all back in, right?

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08-11-2020 , 02:00 PM

#3807

Kelhus100

banned

Join Date: Mar 2020 Posts: 2,504

Quote:

Originally Posted by pokeraz

Will we see any support at 24? 9% drop today. I've got to dump it all back in, right?

It would appear not. So my options have lost about 65% of their value in a couple hours. Good stuff.

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08-11-2020 , 02:01 PM

#3808

jfound

banned

Join Date: Apr 2012 Posts: 2,389

Free falling today on them data’s but it’s okay. I’m just a stacker till it’s at least 200 per oz

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08-11-2020 , 02:24 PM

#3809

mrbaseball

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 13,093

Quote:

Originally Posted by jfound

Free falling today on them data’s but it’s okay. I’m just a stacker till it’s at least 200 per oz

Have you ever used the screen names mrmusicrecorder or silverman2? Just wondering

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08-11-2020 , 02:37 PM

#3810

jfound

banned

Join Date: Apr 2012 Posts: 2,389

Nope lol how come?

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08-11-2020 , 02:40 PM

#3811

mrbaseball

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 13,093

Quote:

Originally Posted by jfound

Nope lol how come?

Read this thread from the beginning

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08-11-2020 , 04:13 PM

#3812

jfound

banned

Join Date: Apr 2012 Posts: 2,389

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.

Gonna have to make an adjustment I think 34-38 end of year now is better range

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08-11-2020 , 04:15 PM

#3813

AllInNTheDark

veteran

Join Date: Jun 2011 Posts: 3,256

Quote:

Originally Posted by pokeraz

Will we see any support at 24? 9% drop today. I've got to dump it all back in, right?

I think there's substantial further downside, but no guarantees.

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08-11-2020 , 04:23 PM

#3814

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

My opinion is that gold and silver have dropped too much and are victims of panic selling from people not used to seeing red. Could the panic selling continue? Absolutely. Could GLD find support at 180 and SLV in the 22-23 area and then climb as uncertainty settles in again? Absolutely. I don't have any recommendations, am in wait and see / hold mode myself. I have a bunch of 8/14 calls that are drawing slim, so that sucks.

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08-11-2020 , 05:38 PM

#3815

coordi

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Join Date: May 2007 Posts: 22,844

The way things are looking we could easily lose another 5% or more off of gold and silver tomorrow. It's just straight down, no relief in sight

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08-11-2020 , 06:08 PM

#3816

NajdorfDefense

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Join Date: Feb 2003 Posts: 17,563

Quote:

Originally Posted by jfound

Does the government ever give u accurate numbers. Like employment and other stats. I don’t think so,

I guarantee everyone on this board you have no idea how the Feds calculate the unemployment data.

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08-11-2020 , 06:53 PM

#3817

GentlemanJack

adept

Join Date: Sep 2015 Posts: 949

Quote:

Originally Posted by karamazonk

My opinion is that gold and silver have dropped too much and are victims of panic selling from people not used to seeing red.

+1

It's shocking to me that people don't realize that anything happening in the economy right now is just the appetizer, we still have many months to go for the main dish. People buying now and selling in a panic tomorrow just have no idea how bad it's going to get. If you're not buying and holding right now - and don't have at least a 2-3 year timeframe in mind - then just get out of the market and put your money into good padlocks and guns.

Quote:

Originally Posted by coordi

The way things are looking we could easily lose another 5% or more off of gold and silver tomorrow. It's just straight down, no relief in sight

Investing is not for you.

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08-11-2020 , 07:12 PM

#3818

coordi

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Join Date: May 2007 Posts: 22,844

Because I think metals could go down tomorrow?

What a strange conclusion to make

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08-11-2020 , 07:30 PM

#3819

pokeraz

Pooh-Bah

Join Date: Sep 2003 Posts: 3,873

lol. When I wandered into this thread yesterday I had no idea it contained such comedy gold. I've spent quite a bit of time reading through it. Marvelous.

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08-11-2020 , 07:40 PM

#3820

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

Quote:

Originally Posted by pokeraz

lol. When I wandered into this thread yesterday I had no idea it contained such comedy silver. I've spent quite a bit of time reading through it. Marvelous.

FYP.

Spoiler:

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08-11-2020 , 07:45 PM

#3821

jfound

banned

Join Date: Apr 2012 Posts: 2,389

Quote:

Originally Posted by NajdorfDefense

I guarantee everyone on this board you have no idea how the Feds calculate the unemployment data.

Do u know? How many here would know but I know bits and pieces of it, if you have 3 part time jobs u count as 3 ppl

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08-12-2020 , 12:46 AM

#3822

GentlemanJack

adept

Join Date: Sep 2015 Posts: 949

Quote:

Originally Posted by coordi

Because I think metals could go down tomorrow?

What a strange conclusion to make

Investing is not for you.

Quote

08-12-2020 , 07:29 AM

#3823

turtletom

old hand

Join Date: Aug 2015 Posts: 1,749

Quote:

Originally Posted by GentlemanJack

Investing is not for you.

You're right! Guys like Mrmusicrecorder are the real "investors"! Hi-ho! Lets stack some silver!

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08-13-2020 , 01:25 PM

#3824

karamazonk

Pooh-Bah

Join Date: Apr 2009 Posts: 4,626

The wild ride continues, hell of a comeback so far today. No clue what happens next but I've been holding the bulk of my position in each GLD and SLV, took some profits but still pretty optimistic. <popcorn>