$13 silver might be possible

Discussion in 'Silver' started by leon1998, Feb 14, 2015.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The S400 hasn't really been proven in combat.

    But Israel has destroyed many SA22 batteries, which is part of the S400 defense system - https://nationalinterest.org/blog/t...orce-has-been-destroying-syrias-russian-25881
     
  2. Alloy

    Alloy Member

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    As it happens, I just posted a systematic price comparison of North American dealers: https://medium.com/@ValidScience/pay-less-4b6482263c6e

    Bullion Exchanges is usually better than APMEX, but they're not the best. They did win in one of my order scenarios though: the 10 oz Royal Canadian Mint bar... See the article for all the details and winners.
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Maybe we should have backed up the truck last year?
     
  4. Alloy

    Alloy Member

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    Yeah, we should've. I didn't realize until this morning that silver was so high (relatively speaking), close to $16.

    $14 silver was an excellent buy price. $16 might be good to buy too, but I'm not sure – I don't really understand silver's long-term fundamentals.
     
  5. andrewlee10

    andrewlee10 Well-Known Member Silver Stacker

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    Lucky me which bought 1/2 kilo gold at 1150 to 1200 per oz and few kilos silver bar at 13.3 to 14.20.
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I'm not so sure about ag, but au definitely looks like sub-$1200 was the lowest. With trade war, no way the Fed can continue hiking rates like they did last year.
     
  7. alor

    alor Well-Known Member Silver Stacker

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    Ag likes this.
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Silver now looks very cheap as compared to gold.
     
  9. Krakked789

    Krakked789 Active Member

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    I have a feeling we might see it pump to over $17...
     
  10. SilverDJ

    SilverDJ Well-Known Member

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    Not as good as it was back in Dec, if you believe in the GSR that is.

    upload_2019-2-21_21-43-8.png
     
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  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    This is a good point, but somehow if you buy both at the same time, as gold rises above $1800/$1850 level, psychologically, it would appear that every percentage increase in gold is much more than the same percentage increase in the price of silver.

    I think this is because most people buy 1 oz gold coins (which is a very small coin - actually smaller than I thought an oz of gold will be before I bought my first gold coin).

    If gold goes up by 5% from $1800 to $1890, it is like a very big jump, but if silver were to rise by the same percentage from $21.42 to $22.50 (assuming GSR of 84), it is like nothing to shout about.

    Perhaps the GSR must be considered in relations to the actual price of gold. The higher the price of gold, the cheaper silver will appear to be even if the GSR does not change. So a high GSR might actually indicate that gold is cheap while a low GSR ratio indicates that gold is expensive.

     
    Last edited: Feb 21, 2019
  12. whay

    whay Well-Known Member

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    GSR is meaningless for both prices move in tandem.
     
  13. Gullintanni

    Gullintanni Well-Known Member

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    Why is it possible that when i look at the price of silver in the morning i can tell you within a couple of dollars what the price of gold is going to be before i even look?
     
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  14. JOHNLGALT

    JOHNLGALT Well-Known Member

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    Probably because you multiply the silver price by the Silver to gold Ratio, which never varies too much from day to day.
     
  15. JOHNLGALT

    JOHNLGALT Well-Known Member

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    $13 silver might be possible
    Don't think so.
    tumblr_mjlhjrw8Sd1qi6ieeo1_500.gif
     
  16. Tokyo

    Tokyo Active Member

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    Technically I am looking at super cycle wave 4 in the making for gold&silver
    or super cycle wave 3 to test old high or new high .
    Major pivot on gold 1445-1450 silver 16.70 next is very important test for gold 1550-1600 silver 18

    Study aways pays off
    Cheers
     
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  17. Tokyo

    Tokyo Active Member

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    My level is mathematically pulled out from chart reading market makers hands = key to maximize profit& minimizing risk loss
     
  18. Tokyo

    Tokyo Active Member

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    So if this is wave 4 then big drop with US dollar strength being a catalyst. I have plan A&B
     
  19. Krakked789

    Krakked789 Active Member

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    Get ready for another massive round of short selling. I'm happy to be proven wrong.
     
  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Its hardly moved.
     

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