Silver, $29 by 6 August.

Discussion in 'Markets & Economies' started by sammysilver, Jul 11, 2016.

  1. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    The next FOMC Meeting is on July 26-27 where the Fed may cut interest rates or confirm they at least won't be increasing rates. This will accelerate the upwards trending of silver despite the USD down and the AUD up.

    Meanwhile, on the first Tuesday of August, it is almost guaranteed that the RBA will cut local interest rates by .25% driving the AUD down and silver up.

    I doubt if there will be any dips between now and then.
     
  2. Junk Silver

    Junk Silver Member Silver Stacker

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    Sammy do you know what this means? $29 by 6th August with no dips........ THE END OF SIDEWAYS!!!!
     
  3. Killface

    Killface Well-Known Member Silver Stacker

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    C'mon, show some stones Sammy..

    $39!!

    Any advance?
     
  4. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

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    ..... $29 ..... I sold my last stack too cheap then :D
     
  5. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    There's a rocket in Sammy's silver pocket. :D
     
  6. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Nahh, just glad to see you.
     
  7. digitalcoinstore

    digitalcoinstore New Member

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    Interest rates are looking likely to get cut in the UK. The expectation is that the base rate will fall to 0.25%, and hopefully it will help to push silver to back over $20 again!
     
  8. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    how did I miss this prediction when you posted it.

    I am guessing soon to be another failed one however none the less
     
  9. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    still is sidewas and will be and has been like how you quoted me in your signature it has not been >$27 for 2 weeks so is still and for a long time to come <sideways>

    for all pratical purposed <sideways> I could not even sell all of my silver 5%++ under spot at the recent peak. just because the spot price moves up slightly for all of 2 seconds does not mean you will beable to unload any (or any good quantity) of your silver holdings.
     
  10. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Yes. I noticed the price detachment here on the forum during the last upswing.
    But what was conspicuous by it's absence, was the the bleating by the "price detachment" advocates. :p
     
  11. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    just posted more silver @ 5% under the current spot price


    like I said <sideways> can't even sell silver $1.345 /oz under spot currently.

    so <sideways> forever and a day.

    even if it does hit $29/oz ( which it wont ) good luck taking advantage of that price as a physical stacker.
     
  12. raven

    raven Well-Known Member Silver Stacker

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  13. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    well there ya go.

    ( this was my 2nd attempt at it )

    still not all the easy taking advantage of the short spikes up.

    I honestly believe we are heading back down into the low 20's and won't see any significant movement for a while to come so im cashing some silver out now. Might buy some more PIO.
     
  14. Pirocco

    Pirocco Well-Known Member

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    You're the first fish that swims in the stomach of a shark, gets shit out, and turns around to swim back in.
    Is it for the smell or what?
     
  15. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    The sharks are circling!
     
  16. Pirocco

    Pirocco Well-Known Member

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    And you sit there like a duck to be shot a gazillionth time!
     
  17. monopolize

    monopolize Well-Known Member Silver Stacker

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    Have you considered the type of silver you're selling? Or that maybe it's you and not the metal?

    I've seen 10oz .999 bars selling here quite well recently. There were periods when silver was around the $20 mark where sales weren't moving at slight premium over spot.
     
  18. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    There always appears to be a disconnect between spot and premiums in a rising silver market. The premium comes under pressure to compensate the rising spot. As the price stabilises at the higher price, premiums slowly creep up. Unless you've scared a true collectable, premiums rarely rise at the same percentage as spot.
     
  19. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    so basically for all practical purposes <sideways>
     
  20. Prospector Stone

    Prospector Stone Member

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