Silver - Page 27 - Business, Finances and Investing Forum

Ok ty. When will we know that it has flattened out and would be a better hold than USD? I know nothing is a guarantee but what should i look for as a spot or number to get in?

Last edited by BiggieKid; 05-05-2011 at 01:52 PM. Reason: spelling skills of 2nd grader

Quote

05-05-2011 , 02:13 PM

#653

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

Quote:

Originally Posted by BiggieKid

Ok ty. When will we know that it has flattened out and would be a better hold than USD? I know nothing is a guarantee but what should i look for as a spot or number to get in?

I dont buy into technicals (except on a few psychological macro levels) so if you want the answerr you seem to be looking for you should probably wait for someone else to respond.

Quote

05-05-2011 , 02:24 PM

#654

Yowserrrs

Pooh-Bah

Join Date: Nov 2007 Posts: 5,347

Quote:

Originally Posted by Mrmusicrecorder

If we corrected to $37ish from here over the next couple months, it would be very healthy for the rally (this however is unlikely). Your drivel is painful and yet I am entertained, and I thank you for that.

Quote:

Originally Posted by GuvnorJimmy

I think we will just carry on making money and you can carry on losing money.

Thats all.

These are my 2 favorites though there were many to choose from - most of which were me saying 'its a bubble' and morons saying 'no Asia is buying' and 'QE2'

Keep up the good work guys.

Btw if u actually believe in sustainably higher silver which I do not, you can buy the Jan 45 / 53 SLV call spread for less than $1 and it pays 8:1. Meaning SLV is above $53 by January this year and u collect $8 vs $1 of risk. Its prob worth a shot in my opinion.

Quote

05-05-2011 , 02:35 PM

#655

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

unlike yowsers I do believe that silver sustain higher prices, in fact much higher. I forsee more than $100/oz in the future. I just think the time where its value is that high is lifetimes away barring a U.S. default and in the latter situation you would be better off invested in other fiat currencies.

Quote

05-05-2011 , 02:43 PM

#656

Yowserrrs

Pooh-Bah

Join Date: Nov 2007 Posts: 5,347

Quote:

Originally Posted by CalledDownLight

is this a real post? did u actually think this through then post it?

when i said i didnt believe in sustainably higher prices for silver, i wasn't referring to anytime in the next 2 centuries.

glad to see youre thinking big picture with your awesome calls though.

Last edited by Yowserrrs; 05-05-2011 at 02:50 PM.

Quote

05-05-2011 , 02:59 PM

#657

mrbaseball

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 13,093

Quote:

Originally Posted by goomba

Screwed? c'mon man, grow a pair! I feel very good about the purchase, as of now. Welcome to the silver rollercoaster. I live for these dips!

Then you must be overjoyed now!

Quote

05-05-2011 , 03:06 PM

#658

hobokes

Carpal \'Tunnel

Join Date: May 2008 Posts: 6,344

Quote:

Originally Posted by Green Plastic

I understand the options I have if I'm looking to go long >100k of silver. What i am curious about is if anyone in this thread is long >100k and what specifically they chose.

Quote:

Originally Posted by hobokes

That's pretty baller. I'm guessing some type of futures contract would be the easiest / most cost-efficient way. Although I am not entirely sure.

But I guess buying 2,500 shares of SLV wouldn't be that difficult either.

I totally misread your OP here, GP.

Quote

05-05-2011 , 03:21 PM

#659

Hielko

old hand

Join Date: Nov 2005 Posts: 1,798

Quote:

Originally Posted by DcifrThs

what NoD is saying is that SLV is not true exposure. check the correlation of performance w/ spot prices. then compare that to the performance of spot silver + spread (transaction fees/storage, b/a etc.) and see if to you, that difference is worth the premium paid for physical purchase/storage. if it is, buy silver, if not, buy SLV.

SLV is cheaper, easier to use, and takes less time/work to obtain. But it does diverge from performance markedly and i think more so when moves are extreme, i.e. when you most want it to track closely (haven't checked this statistically in a while).

totally depends on your profile as an investor.

I'm pretty sure SLV is almost certainly the best way to own silver. Pretty sure they can store the silver cheaper/safer than other options, and it should track the spot price almost perfectly since differences can and will be arbitraged away.

Quote

05-05-2011 , 03:41 PM

#660

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

Quote:

Originally Posted by Yowserrrs

It was a sarcastic post to the bulls that thought it was going to infinity. I called the top at 48.50 (not bad imo) to my boss last week after about 2 weeks of discussion about how high it was going to go.

Quote

05-05-2011 , 03:49 PM

#661

BiggieKid

banned

Join Date: Sep 2010 Posts: 453

Well how about calling a low Mr. Visionary.

I need to get this Stars money in action before the wife tries to spend it. My plan is 30 or below and SHIP ALL! Advice welcome....

Quote

05-05-2011 , 03:54 PM

#662

CalledDownLight

Toonces the Posting Bot

Join Date: Jan 2007 Posts: 88,413

Quote:

Originally Posted by BiggieKid

Well how about calling a low Mr. Visionary.

I need to get this Stars money in action before the wife tries to spend it. My plan is 30 or below and SHIP ALL! Advice welcome....

I'd just be guessing (like the high), but I think it keeps selling off tomorrow at least.

Quote

05-05-2011 , 03:57 PM

#663

ThePreacherJesse

banned

Join Date: Apr 2011 Posts: 1,076

So the silverbugs have now only made 13% YTD and 70% last year. Tough life. The bears have really owned them hard.

Quote

05-05-2011 , 04:06 PM

#664

stinkypete

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 15,783

Quote:

Originally Posted by ThePreacherJesse

So the silverbugs have now only made 13% YTD and 70% last year. Tough life. The bears have really owned them hard.

that might be true if they weren't buying more and more on the way up

Quote

05-05-2011 , 04:06 PM

#665

ThePreacherJesse

banned

Join Date: Apr 2011 Posts: 1,076

Quote:

Originally Posted by BiggieKid

What has changed to make silver take a dive? Seems rigged IMO. Every dog has it's day i suppose, USD.

well everything is diving today not just silver.

silver was up 70% last year and was up 66% this year in the first quarter (lol)

Quote

05-05-2011 , 04:12 PM

#666

Noah.

banned

Join Date: Jun 2005 Posts: 20,057

Quote:

Originally Posted by NajdorfDefense

http://www.bloomberg.com/news/2011-0...costs-84-.html

Prices may drop another 12 percent to $34 an ounce by the end of next week, according to the average forecast in a Bloomberg News survey of six analysts.'

Quote:

Originally Posted by Noah.

$34 by end of next week? Might be $34 by noon.

Quote

05-05-2011 , 04:13 PM

#667

Yowserrrs

Pooh-Bah

Join Date: Nov 2007 Posts: 5,347

Quote:

Originally Posted by stinkypete

that might be true if they weren't buying more and more on the way up

was literally going to type this exact message.

also how silver basically did nothing during the 20 year bull market.

all depends on your reference points right.

Quote

05-05-2011 , 04:22 PM

#668

ThePreacherJesse

banned

Join Date: Apr 2011 Posts: 1,076

20 year ponzi scheme imo.

Quote

05-05-2011 , 04:57 PM

#669

NajdorfDefense

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 17,563

Quote:

Originally Posted by BiggieKid

What has changed to make silver take a dive? Seems rigged IMO. Every dog has it's day i suppose, USD.

Re-read posts 1-652 and you tell me.

Quote

05-05-2011 , 05:01 PM

#670

NajdorfDefense

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 17,563

Quote:

Originally Posted by Yowserrrs

These are my 2 favorites though there were many to choose from - most of which were me saying 'its a bubble' and morons saying 'no Asia is buying' and 'QE2'

Keep up the good work guys.

C'mon, 'QE2' is the clear winner AINEC!

I wonder if these guys have ever heard of this little thing called 'the bond market' where the Fed and Treasury intervene on a daily basis to actively direct prices and supply and aggregate demand, on the scale of $tens of Billions daily/weekly....for like 50+ years.

And sometimes they call some banks and not others!

Don't even get me started on USD/JPY/EUR which are all subject to interventionist gov't buying/selling on a very regular basis - esp JPY.

Quote

05-05-2011 , 05:05 PM

#671

ThePreacherJesse

banned

Join Date: Apr 2011 Posts: 1,076

so from 10-35 wasnt a bubble but 35-50 was a bubble?

Quote

05-05-2011 , 05:05 PM

#672

NajdorfDefense

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 17,563

Quote:

Originally Posted by Hielko

it should track the spot price almost perfectly ...

But it won't. Even if it should. At the times of biggest stress it will diverge the most. These are known facts.

Also, have you read the entire SLV prospectus? You're making at least 2-3 major assumptions that it is a perfect substitute for spot silver *especially* if something goes wrong with SLV operations. [and I'm not even thinking of fraud.]

Quote

05-05-2011 , 05:07 PM

#673

NajdorfDefense

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 17,563

Quote:

Originally Posted by Noah.

$34 by end of next week? Might be $34 by noon.

By noon is by end of next week.

[I was quoting, I thought it would drop more this week also]

Quote

05-05-2011 , 05:09 PM

#674

nuclear500

Carpal \'Tunnel

Join Date: Aug 2004 Posts: 10,516

Quote:

Originally Posted by ThePreacherJesse

so from 10-35 wasnt a bubble but 35-50 was a bubble?

Its about the rate of change - not the change itself. $18 - $26(after a 13%ish drop) in 5 months and $26 to $48 in 3 months.

Quote

05-05-2011 , 05:13 PM

#675

NajdorfDefense

Carpal \'Tunnel

Join Date: Feb 2003 Posts: 17,563

Quote:

Originally Posted by Yowserrrs

was literally going to type this exact message.

also how silver basically did nothing during the 20 year bull market.

all depends on your reference points right.

C'mon now, it's only down 33% + loss on inflation, costs of storage, and insurance since 1980.

Clearly precious metals are a better long-term bet than long USTs or intermediate AAA Munis or SPYs or G-7 sov debt.....IT'S BECAUSE OF THE BERNANKE AND INFLATIONS WHAT'S WRONG WITH YOU DON'T YOU GET IT FIAT CURRENCIES ARE GOING TO ZERO WHAT PART OF PRECIOUS METALS ARE GOING TO INFINITY +2 BY NEXT MONTH DON'T YOU UNDERSTAND FOOL?!?!?

Quote

Page 27 of 161

First

7 17 22 23 24 25 26 27 28 29 30 31 32 37 47 77 127

Last

Post Reply Subscribe

...

Page 27 of 161

First

7 17 22 23 24 25 26 27 28 29 30 31 32 37 47 77 127

Last