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Old 09-22-2020, 04:09 PM   #3901
Trolly McTrollson
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Re: Silver

Is this the part where we start complaining about JP Morgan manipulating the price of silver? I don’t remember exactly when that happened last time.
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Old 09-22-2020, 04:52 PM   #3902
NajdorfDefense
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Re: Silver

Is it me?

No, no, it's the *warehouse owners* that are manipulating the market.
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Old 09-22-2020, 06:04 PM   #3903
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Re: Silver

Maybe they raised margins
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Old 09-23-2020, 03:58 PM   #3904
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Re: Silver

Brought some more silver today and an oz of gold. Psychical. BuY the dip
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Old 09-23-2020, 05:37 PM   #3905
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Re: Silver

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Brought some more silver today and an oz of gold. Psychical. BuY the dip
While I like the sentiment, my fear is that what we're seeing is a recognition that inflation may not be kicking in any time soon. In addition, the congress does not appear to be making any headway on additional stimulus. All this leads me to believe there is more downside coming before (if?) we get back to upward trajectory.
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Old 09-24-2020, 10:56 AM   #3906
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Re: Silver

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Getting richer off of silver!
Getting more richer off of silver!! Shorting SLV money machine goes Brrrr brrr brrrrr.
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Old 09-24-2020, 01:02 PM   #3907
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Re: Silver

This week has hurt. However, techically both metals still look okay, still up a lot this year. Would have been nice to see gold hold 1920 and silver 26, but 1800 and 21 are also key levels. Let's see what happens.
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Old 09-24-2020, 03:25 PM   #3908
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Re: Silver

It's lighting money on fire to buy anything when the government gives the money printer a rest. Democrats are going to pass a $2.4 trillion stimulus bill in the House next week. Republicans can't even pass a $1.5 trillion stimulus in the Senate. Eventually, the market will throw a tantrum and systemic stuff will "stop functioning". Then the Fed, acting as liaison for Wall St., will come back with their hat in hand and ask Congress for a couple trillion to bailout the financial markets again.

Wouldn't surprise me at all if both parties wind up panic reacting and pass a much higher stimulus than even the $3 trillion the Democrats passed a few months ago.
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Old 09-24-2020, 03:48 PM   #3909
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Re: Silver

^ I don't disagree. I have a good friend who dumped half his metal on this same logic.

Imho, trying to time the metals market with that political overlay thesis is a fool's errand. The metals will bounce around (if they go down, people will point to lack of fed/fiscal - if they go up, people will say the markets are forward looking). I think the risk of being out of the metals market is too great and would hate to have to pay up for a later. Ultimately, I still think gold is cheap, it's only 80% above the bear market low of 1050, so even if the fundamentals are a little unclear, I'm confident holding/adding on dips.

When the fundamentals are crystal clear, everyone knows it, and usually the price has already escalated.
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Old 09-27-2020, 03:05 AM   #3910
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Re: Silver

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Originally Posted by jefkve View Post
While I like the sentiment, my fear is that what we're seeing is a recognition that inflation may not be kicking in any time soon. In addition, the congress does not appear to be making any headway on additional stimulus. All this leads me to believe there is more downside coming before (if?) we get back to upward trajectory.
Imo It doesn’t really matter if inflation isn’t coming .
you might see again 1600 gold short term but it won’t stay long at that level , not in those kind of times .


Stock overprice
Bonds dead
Overseas they all have same problems .

Gold isn’t overpriced now I think.
Silver just following gold
At those price gold /silver seem cheap.
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Old 09-27-2020, 10:23 AM   #3911
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Re: Silver

The real driver of gold price is the risk of sovereign default. That risk is continuing to grow throughout the world. Hence, the bid in gold for the last 4 years. As the market begins to comprehend that the "west" cannot grow itself out of it's debt, people/ countries are going to look for a "safe" place to store their money.

With all that said, the sector is likely to be dead money for at least another 6 months to a year because of all the rampant speculation. Why trade it right now?
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Old 09-27-2020, 06:11 PM   #3912
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Re: Silver

How does gold protect against sovereign default? The economic system is too advanced these days for gold to mean much in that regard. Its long term value is ultimately limited by its value proposition for electronics and the purchasing power of second and third world gold lovers.

Ownership of companies, brands, real estate and taxing power is where wealth and trust in wealth lies, not gold or silver. It will always be a sliver of the value out there which means it hasn't got that far to grow (there's no moon scenario).
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Old 09-27-2020, 09:46 PM   #3913
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Re: Silver

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How does gold protect against sovereign default? The economic system is too advanced these days for gold to mean much in that regard. Its long term value is ultimately limited by its value proposition for electronics and the purchasing power of second and third world gold lovers.

Ownership of companies, brands, real estate and taxing power is where wealth and trust in wealth lies, not gold or silver. It will always be a sliver of the value out there which means it hasn't got that far to grow (there's no moon scenario).
If a sovereign debt default occur, almost a guarantee that a devaluation of currency occur.
You will be glad to have some gold.

companies can bankrupt for multiple reasons while gold canít .
Ownership can be risky and ultimately all companies disappeared.

Wealth lies under different form , gold included.

I donít understand how u consider a brand to have great wealth value while you donít with bitcoin ......
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Old Yesterday, 06:01 AM   #3914
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Re: Silver

Defaults have occurred many times throughout history. We didn't get global hyperinflation and hypergold. We got localized inflation and the money flowed to the winners. The history of gold over 2000 years through war, revolution, societal collapse, plagues, crop failures, empires, sovereign debt defaults by the dozens, is that it has roughly kept up with normal low level inflation.

A brand has great value because it allows you to sell things at a profit, enabling exponential growth from reliable return on capital. Bitcoin doesn't sell anything and has no profit mechanism (in fact, there are massive costs just to keep it running).
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