This time its different. Silver to $40+

President Trump said:
@Jason1 (I thought you was only ere for da bitches) you would remember the ride from 2009 to mid 2011. Huge volatility but a very clear direction. Long periods without retracement. Then as now you would be very brave to hold a short position. Then as now it was central bank liquidity and currency debasement that kicked off the rally. I love what STKR writes about this can be the narrative as the Silver story goes main stream but bigger players look to stores of value when the printing presses start. I said in the title of this thread “this time it’s different” to be provocative, but actually this time it’s the same as 2010. It’s always the same. Tonight Bloomberg has picked up the silver story but you won’t be reading about silver in your local newspaper for a while yet. Unfortunately the opportunity to buy under $18 is now gone.
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Certainly here for da bitches lol
And agree this smells of 2011, which im fine with, i made allot of money from that pump. It looks potentially tobe a good selling period not a buying period. Which is very much what 2011 was
 
Jason1 said:
Certainly here for da bitches lol
And agree this smells of 2011, which im fine with, i made allot of money from that pump. It looks potentially tobe a good selling period not a buying period. Which is very much what 2011 was
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Do you think we're now at the equivalent of 2010? The crisis isn't even over yet. The financial phase of the crisis is yet to come and if it happens will hit silver.
 
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Jason1 said:
And agree this smells of 2011, which im fine with, i made allot of money from that pump. It looks potentially to be a good selling period not a buying period. Which is very much what 2011 was
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Over what time period are you talking about? 2011 had peak to trough decline of $23 and still didn't get below $26.
It has to go up before it can come down. The fundamental pressure is up, but as of tonight I'd say the technical barriers to a rise are also gone. Usually after a big fast run I'd expect a retracement, but it might not happen now.
 
President Trump said:
Unfortunately the opportunity to buy under $18 is now gone.
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Maybe you’re referring to physical prices? For paper, as we have seen in March, any price is possible regardless of how high it goes, it just gets slammed back down, maybe it won’t be as low as in March but $15-$16 is not impossible. I’m still hanging onto my SLV for time being.

For physical, I won't be selling any physical silver unless it's triple digits. Since I won't be flipping, it doesn't make sense to chase. Might as well wait for the pullback.
 
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sgbuyer said:
Do you think we're now at the equivalent of 2010? The crisis isn't even over yet. The financial phase of the crisis is yet to come and if it happens will hit silver.
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Yes i agree about the financial smack down yet to come and will effect silver.
So yes if it goes big now, im Not sure it will be as long lived of a pump as that 2011 pump
So im keeping my self prepared to sell if i have to.

But obviously this is all speculation, this covid thing has been messing usual silver trends, has been mssing eveything up. So its a little harder to predict than usual.

But i would love a massive sharp rise then an eqaully big price smack down to buy back.
Only time will tell i guess.
Covid era market has been a weird beast to deal with so far.
 
It is certainly uncertain in terms of the markets. I was expecting another run down and if this happened yes it’d drag down silver and gold, but the effectiveness of the central bank printing (I fucking hate it don’t get me wrong) was already making me wonder if we are going straight to the Japanese model. The stock markets could grind lower or sideways without a crash that drags down inflation and disaster hedges like PM. In March traders had to meet margins but in the second phase they might just accept losses. With the strength of the move last night (and it continuing outside the familiar range) my mindset has changed. I think the swing back and forth for silver is over barring another liquidation event that is. Interested in your thoughts.
 
Wow silver really rocketed off overnight.
I had the idea that there was a target where silver would encounter resistance level at USD 21.0 to 21.50. This was the first of 3 I heard.
What is the next target sit at?
 
My wife and I were talking about grocery prices and how much things have risen recently.
She does most of our shopping and she sees it weekly.

Then we were laughing at how she used to ask me "Dont you have enough silver? Do we really need more?"
I'd just tell her again and again that it was our savings and no, we never have enough savings.
I've said before that buying gold and silver has never once given me buyers remorse and its true. I never felt bad trading my fiat for real damn money, never. I also still stand by the fact that theres nothing safer.

I was betting that this would happen years ago but I knew it could go on and it did....more time to stack and I was thankful for the time I got.
I will still buy at these prices and it wouldnt worry me, as close to spot as I could get it. (Just a habit haha)

The sub $20oz days might be forever behind us.
82 to 1 $22.75
 
JohnnyBravo300 said:
Then we were laughing at how she used to ask me "Dont you have enough silver? Do we really need more?"
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You have a supportive wife. A year ago I had to do a late evening F2F transaction for 10 oz bars at $10 over spot each, one of the rare secondary market purchases I was able to make. I had to spend 15 minutes explaining to me wifey that the deal was a good one, and it was $10 cheaper than buying from the shops.
 
sgbuyer said:
You have a supportive wife. A year ago I had to do a late evening F2F transaction for 10 oz bars at $10 over spot each, one of the rare secondary market purchases I was able to make. I had to spend 15 minutes explaining to me wifey that the deal was a good one, and it was $10 cheaper than buying from the shops.
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Sell the wife and get more silver
 
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