Markets open in a few hours and i think we heading to the $15's by the end of the day with Macron win
Well I'll be going to GS in next couple of days to stock up on more silver. $15 silver is a buying opportunity in my books with financial doom on horizon.
No reason for the €/stocks up and PM down. France election was priced in already completly since friday close. It works like "buy the rumours sell the fact" It´s all only casino game and these games are basend on all other things than the facts. Next event is the FED rate hike in four weeks, so from now two weeks PM up and than down until rate hike decision. After that PM up again. All inversed to our "normal thinking" 2018 will start with italy election, same game we have seen in france... until a unexpected swan will pop up, it will be black and will not be a simple coin fron the PerthMint.
I don't like it, not good readily seller for junk silver 10% below spot there is not much stock when price hit the rock
PMs are a global commodity and it's spot price is relects global trends. Not local. Any show of confidence towards globalist idealogues would would IMO allude to stable PM prices. IMO the bet on LePen winning would destable PMs and cause them IMO to rise. However MY eyes are still on America. The problem is looking 5 to 10 years into the future. Not 6 months. At the moment there is massive confidence in global markets and socialist economics. (IMO)
A what sux for me is my hand is forced into selling. Everyone would prefer to sell when prices are up. But when they are down...but people need to stop thinking about turning a quick buck. Aint gunna happen.
Some people worry that we will go back to the "normal" silver price which is generally a heap less than they paid for it so sell before losing more money. I do not want anyone to think i am anti PM's because i LOVE metals , but my view on them has changed so much in the last couple of years that i consider my earlier views idiotic, naive and wishful. Just like the OP that started this thread warns i bought into the hype, WHICH IS NOT TRUE. If the SHTF happened in the likes of USA , Aust or NZ then life on THE PLANET would have changed so much that metals will hold nothing for us . Keep stacking and keep selling and along the way you can acquire FREE metal.
another crack of down on silver. 16.125 so we can expect to see lower prices and not much metal to be on sale going around again
I am looking for some junk, two days ago before I place online order, 96 coins were sold out again. so I am trying my luck here in case got seller for fiddies again. also trying on facebook getting some usa coins. 90% junk Mining CEO Explains Why Silver Could Reach Over $136 http://www.zerohedge.com/news/2017-05-08/mining-ceo-explains-why-silver-could-reach-over-136 wow such a low price target for silver, it used to be $500 good for this thread.
yeah, this is not the stocks markets, when on SALE almost all people running for cover. when we have spot -10%, then -5% and spots, (on discount ie on sale) it does not even last.... second to buzz get you away with nothing
90% of the fiat I spend on silver comes from our vintage car parts business. The profits pay the bills, but I accumulate scrap copper, aluminum, brass, and steel when I part out cars and from junk parts from large lots. The LCS is on the way home from the scrapyard. I just turn the junk metal into precious metal. I stack for the long term, and because my stack is financed by essentially "free money" I don't worry with trading in and out while trying to time the dips and peaks. Silver is cheap insurance, and I sleep better because of it.
Main reasons why I stack: - To take my "money" out of the debt based pyramid scheme. In a way a silent protest, a type of invalid vote when you go to the polls. - A way of not spending as too easy just to swipe or wave you key card. I have to think, do I really need to spend and buy something? - Insurance. Share Market is not a level playing field. The banking system is white collar crime. Can Cyprus experiment happen here? Can there be a limit on taking cash out at the ATM? Can a bank bail in happen, where all depositors take a shave? - A hobby. - Investment. It's not just about making a capital gain, but wealth preservation. - Fundamentals. Not enough precious metals to go around. Most other assets are over valued, except PM's (in my opinion). Just a few reasons listed. But like anything to do with ones "money", a prudent approach is necessary, I.e am I buying the real deal? Is it a fake (not stated weight, not correct metal, ect) or a substitute (has stated metal, but an imitation).