Some bouncing ahead, but will hit $14 usd eventually

Discussion in 'Silver' started by leon1998, Jul 7, 2015.

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  1. leon1998

    leon1998 Member

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    Maybe bounce up to 15.5 area; then head back down, again.

    Depending on how heavy the short position will be, for Commercial traders, even $13 is possible.

    :p
     
    leon1998, Jul 7, 2015
    #1
  2. Altima

    Altima Well-Known Member Silver Stacker

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    Ah damn, I will hate it if you're right!
     
    Altima, Jul 7, 2015
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  3. leon1998

    leon1998 Member

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    Just a little bit technical bounce, we will be there $14 soon.

    Hopefully everybody still have their trucks ready by then :p

     
    leon1998, Jul 7, 2015
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  4. Altima

    Altima Well-Known Member Silver Stacker

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    Sorry no car/truck/bus. Public transportation for me :p

    But seriously, just cautiously buying some for now.
     
    Altima, Jul 7, 2015
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  5. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Found a 10oz bar for $160 USD shipped free. Yes please! :)
     
    -j-p-shmorgan, Jul 7, 2015
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  6. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Get the Wheel Barrows ready
     
    Golden ChipMunk, Jul 8, 2015
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  7. volrathy

    volrathy Active Member

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    Ive got a van if anyone wants to borrow it.
     
    volrathy, Jul 8, 2015
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  8. The Crow

    The Crow Member Silver Stacker

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    But will price of silver fall faster than the Aussie dollar .....?
     
    The Crow, Jul 8, 2015
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  9. serial

    serial Well-Known Member Silver Stacker

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    how many new threads are you going to start calling for $14 silver?
    you talk BS and spam with new threads but don't actually add value to the forum.
    and for your information the silver price isn't dropping, the USD is just getting stronger in response to the Greek issues.
    try looking at silver/gold charts in values other than USD then you might see that other currencies have a similar graph pattern of value where as in USD silver/gold is getting weaker
    This indicates a move towards perceived "safe money" by investors, but what happens if the USD gets shaken? eg China calls its debts in?
     
    serial, Jul 8, 2015
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  10. mmissinglink

    mmissinglink Active Member

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    Agreed....I was calling USD $14 silver 3 years ago...that'll be the point I back up the truck.



    .
     
    mmissinglink, Jul 8, 2015
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  11. The Crow

    The Crow Member Silver Stacker

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    The Crow, Jul 8, 2015
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  12. SilverDJ

    SilverDJ Well-Known Member

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    Average wheelbarrow can hold say 120kg. That's 3850 oz, or about US$54k worth of silver @ 14 bucks.
    Let's round to US$50k a barrow.
     
    SilverDJ, Jul 8, 2015
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  13. silvertracker

    silvertracker New Member

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    Ha, totally agree. He does this on a US forum I belong to as well.
     
    silvertracker, Jul 8, 2015
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  14. leon1998

    leon1998 Member

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    Bouncing up as expected.

    Watch Out Below :p
     
    leon1998, Jul 8, 2015
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  15. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Aint that the truth!

    But $9.80 is the bottom. :p :)
     
    Holdfast, Jul 8, 2015
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  16. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    Who say using one wheelbarrow???? Are these enough?? These are heavy duty
    The men are ready
    [​IMG]
     
    Golden ChipMunk, Jul 8, 2015
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  17. Pirocco

    Pirocco Well-Known Member

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    The amount hedged along futures was on 07 juli, $15.61, 15057 x 5000 = 75.3 Moz.
    Even a net neutral (a hedge of zero) would bring the spot price down to still $14.5.
    The entities that trade along the swap dealers, nearly were neutral on 7 juli (260 x 5000 = a mere 1.3 Moz short).
    The total net position is now far down the 62485 we saw in may at $17.4. A difference of 47428 or the price effect of 237 Moz, being about $3.4. $17.4 - $14.5 = $2.9 so the futures market was again the by far biggest price driver over this period (and actually since mid 2011).
    I'm now very tempted to buy again some coins, but I see a good chance on a stronger euro / weaker dollar so I keep what is at the moment weak: the euro.
    Also because there aren't any big silver buyers out there anymore, since the major price driver of the bull market period 2009-2010 appears dead since: ETF's. Dead, but with a big silver stockpile (500-600 Moz), which will surely get sold again. Chance on better moments to buy coins. More coins.
     
    Pirocco, Jul 11, 2015
    #17
  18. leon1998

    leon1998 Member

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    Anyone ready with the wheelbarrows?

    :p
     
    leon1998, Jul 15, 2015
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  19. -j-p-shmorgan

    -j-p-shmorgan New Member

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    The time is soon.... still waiting to see some strong support before the wheelbarrow gets aired up. :D
     
    -j-p-shmorgan, Jul 15, 2015
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  20. alor

    alor Well-Known Member Silver Stacker

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    who care about the price now, can get much more silver now....

    back up the trucks and open a new whale house :lol:
     
    alor, Jul 15, 2015
    #20
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