Is $14 the Silver Low.

Dan Óg

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#1
I am intrigued here with the thought that silver has finally bottomed after touching 50 dollars some years ago. We have been watching the bursting of the bitcoin bubble on another thread which is related to this. Bitcoin and similar has greatly impacted the metals by removing them as the alternative to currencies. I believe that has lessened in the last few months. The other factor at this exact moment is the yoeld on the 10 year Treasury once again hitting 3%. It hit 3% last Spring and was rising but economic turmoil in the form of currency crisis and potential trade wars saw a good flow of money worldwide to the perceived safety of the dollar which would mean Treasury buying. However Quantitative Tightening continued in the background and is now upped to 50 billion a month from 40. This deflation would be expected to drive down the silver price but working to drive it up is fear of a financial crash. I think this is exactly where we are at now.
Silver here now is at 14.06. I would be a buyer except for the fact that I loaded up when it was less than 5 dollars, thanks to Gordon Brown.

Hi Ho Silver Away.

http://www.kitco.com/images/live/silver.gif

 

missy

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#2
Silver here now is at 14.06. I would be a buyer except for the fact that I loaded up when it was less than 5 dollars, thanks to Gordon Brown.
Good old socialist Gordon cost the UK taxpayer a pretty penny, what with dumping gold at an average of $275.

I think we have a little bit to go before the next financial crisis.
If I've learned one thing in life, it's that such crashes occur long after they should have.
It usually hits at the point where you begin to question your own sanity.
 

Tadhg Gaelach

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#3
Interesting interview with Ray Dalio. He recons the next crisis is about two years out. Of course, circumstances could change to bring that forward.

 
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Dan Óg

Dan Óg

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#4
. Bitcoin and similar has greatly impacted the metals by removing them as the alternative to currencies. The other factor at this exact moment is the yield on the 10 year Treasury hitting 3%.
Silver here now is at 14.06. I would be a buyer except for the fact that I loaded up when it was less than 5 dollars, thanks to Gordon Brown.

Hi Ho Silver Away.
It could be kicking off for real here now sure enough, the last two days suggests so. Silver is sitting at 14.27. More crucially the Treasury yield is 3.07%. It could be a real problem for the economy if it continues on up even a small amount. We shall see, it was here before and was brought down by turmoil, so absent new strife, it will drift up imho.
 

Tadhg Gaelach

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It could be kicking off for real here now sure enough, the last two days suggests so. Silver is sitting at 14.27. More crucially the Treasury yield is 3.07%. It could be a real problem for the economy if it continues on up even a small amount. We shall see, it was here before and was brought down by turmoil, so absent new strife, it will drift up imho.
Wouldn't you think silver will test 13.50 at least?
 

Tadhg Gaelach

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#8
I'd nearly think the USD will continue to strengthen a bit more over the next few weeks. A lot of uncertainly still over EM debt and the trade war.
 
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Dan Óg

Dan Óg

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#10
I would discount technical analysis entirely here as I think outside forces will determine what I hope to be a huge rise. I have a lot and mines, bur only a small 100 shares of CDE that I got on a whim a couple of weeks ago. If the market drops some and give my account some buying power I will rebuy some HL that I sold about 8 months ago.
 
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Dan Óg

Dan Óg

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#11
Cheaper in relation to gold in 20 years.
Probably a good buy on that alone.

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Indeed, an argument could be made that silver is scarse but gold really never gets used up. For everyone except the rich, no point in buyig gold when they can buy silver.
 

missy

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I would discount technical analysis entirely here as I think outside forces will determine what I hope to be a huge rise. I have a lot and mines, bur only a small 100 shares of CDE that I got on a whim a couple of weeks ago. If the market drops some and give my account some buying power I will rebuy some HL that I sold about 8 months ago.
Do you mind me asking which broker you use ?
 
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