Silver has officially hit rock bottom

Discussion in 'Silver' started by SilverDJ, Mar 14, 2020.

  1. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Yes only suitable for Perth based stackers.
     
  2. SteelHand

    SteelHand Well-Known Member Silver Stacker

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    Much easier for us Perthites :D, we have a dearth of bullion dealers here......
     
    Last edited: Mar 18, 2020
  3. slavaja

    slavaja Well-Known Member Silver Stacker

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    Well if your in Perth and can pick up I wouldn't go anywhere else for unallocated.
     
  4. SilverDJ

    SilverDJ Well-Known Member

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    Very true. But in most cases you are going to keep the metal there under their lock and key anyway. Much safer and easier to sell if circumstances change.
     
  5. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Silver below $12 again. AUDUSD 0.58 :eek:

    Screen Shot 2020-03-18 at 5.21.10 pm.png Screen Shot 2020-03-18 at 5.22.31 pm.png Screen Shot 2020-03-18 at 5.23.50 pm.png
     
  6. sterling-nz

    sterling-nz Well-Known Member

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    There is ZERO comparison to made to this chart as the fundamentals are far far apart.
    I could be wrong of course ,and if i am i would love to know what the rise in the 80s due to someone cornering the market and a world pandemic have in common.
     
  7. Slimey

    Slimey Well-Known Member

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    All roads lead to Rome. The high road (inflation) and low road (deflation). What may seem unrelated can produce the same results because our actions are dictated by our perceptions. The Hunt brothers were only a small part of a much larger game. Oil crisis, stagflation etc. The current economic situation appears at polar opposites to the 70’s, but as I always said, nothing is a straight line. It is all a circle. Just like art. There is no good or bad because sometimes the bad is so bad that it is actually good. The tail meets the head.
     
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  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I looked at your chart again. Do you mean we're now at 1977? How do you know we're not at 1973?

    But even if it's 3 years away to the next peak, buying must begin now as prices are starting to rise sharply by 1978.

    Anyway, 3 years is a short period of time. I sold 3/4 of my stocks in 2018 and the market still went further up for another near 18 months.

    [​IMG]
     
  9. Slimey

    Slimey Well-Known Member

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    I see us at mid to late 1976, just after the 2nd drop. We have had a larger drop, but a drop all the same. Here it is in Aussie dollars. Keep in mind it is just an observation.

    upload_2020-3-19_14-56-14.png
     
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  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  11. alor

    alor Well-Known Member Silver Stacker

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    great, I would be selling my $1,000 silver collectible bars
    :)
     
  12. Slimey

    Slimey Well-Known Member

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    That chart of silver price in the 70’s does not show the peak of $50. In today’s money about $500. That’s my line in the sand. Offload before this price.
     
  13. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    So we are saying trump is the same as nixon then. I totally agree. Both sell out shills.
    The charts will be alot alike.
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    This is possible but I try to be conservative here since many have a different view. :)
     
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  15. Slimey

    Slimey Well-Known Member

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    I agree. Conservative is good
     
  16. alor

    alor Well-Known Member Silver Stacker

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    looks like the first bottom is Pd, now Ag is forming as well. gold is steady
    and eh where are your heading on your own Pt ???
     
  17. alor

    alor Well-Known Member Silver Stacker

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    ok, all can see rocks and 4 bottoms, Pd Ag Au and Pt
     
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  18. alor

    alor Well-Known Member Silver Stacker

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    The question was really about silver breaking $14 after all.
    the real option excersise price was $12 back to SLV days
    and the price hold there.

    $13 was just a diversion created on forum

    recalibrating and adjusting our addictions price to heart

    hiho to silver
    be better prepared next time
     
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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I bought only 200 SLV at $11.97. Only made $200.
     
  20. SilverDJ

    SilverDJ Well-Known Member

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    When I started this thread there was physical silver 10oz bars available in the $220 range from dealers, looks like that bottom lasted a day or two, now they are $300 and you have to back order.
     
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