Silver Spike...

Discussion in 'Silver' started by SilverSale, Jun 14, 2019.

  1. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    hehe - was going to post the same but was waiting for it to get to $17.50 first :p
     
  2. Fugue

    Fugue New Member

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    I am starting to get antsy about getting my foot in the door. I was looking at silver last year, but I bought a house, so I didn't have much capital work with.

    Now, even with AUD down and the current spike, I have a sudden urge to empty my redraw account for silver. Just gotta get the wife on board which is a lot harder than it should be.
     
  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Its easiest if you teach them about money and how the fiat cheats you. Until then they think it's a risk or a speculation. Once my wife educated herself it was a no brainer for her. Shes all in ever since. Good luck.
     
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  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    What are your thoughts on USLV?
     
  5. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Can't say I've used it, but I believe it is more an intra-day trading tool. If considering it, make sure you look into the fees very closely.
     
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  6. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Kitco's AUD Silver live price chart appears to be out of whack by AUD1.00. Time line below which relates to US is out as too TradingView.

    Bid/Ask is right but chart whacked.

    Image from Kitco page just now.

    [​IMG]
     
  7. bretto

    bretto Active Member

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    GO you good thing!
     
  8. SilverDJ

    SilverDJ Well-Known Member

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    Mike Maloney says he measures his personal silver holding in tons (17:50)

     
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  9. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    What a beautiful spike we've had.

    There is some tough resistance here at US$1,525 gold.. a critical level.

    Tonight will give a good indication, but there is a 'CHANCE' this MAY be a short term top for the metals. A wait and see game :)

    Deutsche Bank looks like it wants to create lower lows however so interesting times.
     
    Last edited: Aug 15, 2019
  10. Fugue

    Fugue New Member

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    This economic crisis fear-mongering the MSM seems to be pushing is making me worried about the price before I get to buy into silver. Especially since gold keeps moving up.

    Still, I am hoping for another decent dip before the AUD tanks again or the shtf globally.
     
  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Avi Gilburt just posted that he expects a pullback in gold.
     
  12. alor

    alor Well-Known Member Silver Stacker

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    there will be 4 x $100 to reach $1900 :)
    in 4 weeks ?
    in 4 months ?
    in 40 weeks ???
     
  13. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Deutsche Bank created a new low overnight... :eek:
     
  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Just read a Bloomberg article on Deutsche Bank an others. Refer link. Commerzbank also at record lows sub EUR6.00 a share and other Italian and Spanish banks trading just as poorly. The article makes the statement :

    "There’s the unfinished project for a European banking union that would make consolidation easier and cut the doom loop between governments and banks. And there’s another one for a capital markets union that’s also far from being done."

    Makes me wonder if the EU / ECB having driven such a situation to enable justification for one mega bank for the EU, thus more control etc???

    https://www.bloomberg.com/news/arti...sh-low-underscores-european-banking-s-decline
     
  15. leo25

    leo25 Well-Known Member Silver Stacker

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    You can be 100% sure this is the case. I would imagine the same thing is happening in China and America. This upcoming crash will be the justification to implement this. It's the next logical step for them.
     
  16. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Could we be in for another decent drop in pm's? I have some dry powder on the sideline so I'm very much hoping so....
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Have been waiting for this decent drop to $1350+ since $1400-$1420 level. Scooped some at $1400 but not exactly backing the truck. Looks like it was mistake. Unless there’s a sudden change in China’s stance on the trade war, I can’t see it falling back to $1400 again?

    Oops just realise this is about silver! But may not matter as silver now follows gold.
     
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  18. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Today looks like a bit of a dip. Not sure if I'd bank on a decent drop though. Probably hover around 1500 and 17 USD for a bit before the next jump.
     
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  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    With bad news coming out every week now I sure wouldnt wait for a dip. Yield curves going crazy, bond market crumbling, Dow set up to lose 2000 or more in a single day, wouldnt surprise me at all. Today may have been the only dip we will see, never know.
    Could be $1600 sooner rather than later. Is the loss of fiat purchasing power worth taking that chance?
     
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  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Logically speaking, but there's still a chance it could correct big time. Perhaps Xi will agree to a "deal" with Trump, only to break it in Aug 2020 just in time for the election. But Trump may not fall for it. If I were him, I will want trade war now than next year. The HK protests may also subside once the summer holidays is over?
     

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