At what price are you selling?

Discussion in 'Silver' started by SilverDJ, Aug 5, 2020.

?

At what price will you start selling? (AUD)

  1. NOW

    8 vote(s)
    8.0%
  2. $38

    1 vote(s)
    1.0%
  3. $40

    5 vote(s)
    5.0%
  4. $42

    3 vote(s)
    3.0%
  5. $44

    3 vote(s)
    3.0%
  6. $46

    2 vote(s)
    2.0%
  7. $48

    3 vote(s)
    3.0%
  8. $50

    15 vote(s)
    15.0%
  9. Way over $50

    55 vote(s)
    55.0%
  10. NEVER

    5 vote(s)
    5.0%
  1. heartastack

    heartastack Well-Known Member Silver Stacker

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    yeah I traded enough Altcoin crypto in 2012 to know what silver and PM stocks are going to do.. our time has come. Can’t believe people are selling into this initial rise
     
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  2. SouthCoastSilver

    SouthCoastSilver Active Member

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    I'm not trying to rain on your parade at all, but I am sincerely curious about what in particular you think will make silver boom and hit a new tier of pricing as opposed to doing what happened post GFC again
     
    mmm....shiney! likes this.
  3. heartastack

    heartastack Well-Known Member Silver Stacker

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    The parades are few and only between boatloads of suffering. This will be carried mostly by stupidity and euphoria, my friend. For better or for worse I’m emotionally sensitive and it has made me a good trader. The metals are moving on fundamentals and emotion hasn’t even come into play yet (except maybe here on SS which is such a niche and 10 years in the making). With the world as depressed as it is right now. just wait until PM’s delivers the emotional ‘fix’. And I know what this probably sounds like to you but I also don’t really care.

    I will say that a miracle covid vaccine would turn me bearish. Again, because the emotional focus will shift in that scenario.
     
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  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I fully agree and have argued that the tight supply in primary silver mines will eventually cause a supply shock just like palladium. The virus exacerbated it with mine closures and social distancing measures. What we’ve seen with silver is more than just inflation.
     
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  5. alor

    alor Well-Known Member Silver Stacker

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    people could forget their own eBay silver listing, 274437901681
    sell for 300
    due to mask, it has put me off from buying f2f
    mines closure will cut all their supply for sure, included bandit silver, soil robbers (lack of target to rob) :)
    Palladium supply from Russia is more like stored away, we see from BS they are selling Russian Pt in 5kg bars, so there is a supply there, which would slow the rise in Pt, and over supply situation does not help the price increase
    a lot of small business closed down will never re-open again, all rentals down and bank profit went down 20% etc from recent reported results
    Tik Tok users will most likely hit back at Trump, young people will get their pay back for sure, 80 millions users united :) Trump will go into hiding
     
  6. shinymetal

    shinymetal Well-Known Member

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    No Tik Tok kids are going to fight back much.
    National security company owned by CCP.
     
  7. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    And as you have been told again and again primary silver mines account for a reletivly small amount of the silver production
     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Tik Tok won’t be closed, it will either be sold to M$ or replaced by Facebook’s or some other app. It is easily replaced, at least at this early stage.
     
  9. alor

    alor Well-Known Member Silver Stacker

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    the solution is easy for tik tok users, just vote against Trump, when he is not President next term, the users can have their Tik Tok back again
     
  10. alor

    alor Well-Known Member Silver Stacker

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    restored
     
  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Lol at the 3 "Never" votes. :D
     
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  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  13. alor

    alor Well-Known Member Silver Stacker

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    yes, last week got a few coins like koalas selling for 36, some maples going for less too
     
  14. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    While a huge pull back now is certainly possible. Don't think this forum represents the herd. More than 99.9% of people don't even know silver is an investment. In fact, only 3 years ago, I didn't know the existence of silver bars. And I had been buying SLV and paper silver since 2007.

    Probably about 5-10% of people are aware that gold prices has been rising. In comparison, more than 50% of people know that the stock price of Apple and Tesla is rising.
     
  15. Pirocco

    Pirocco Well-Known Member

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    Covid effected nothing, the virus killed 1 and infected 27 out of every 11000 people on the planet.
    With most of them elderly + suffering a range of medical problems.
    It wasn't like the worldwars where young people lost their lives and thus disappeared from the working floors, thus hurting economy. In my country Belgium, the population is 11,500,000. The virus officially killed 10,000 of them, and some claim inofficial just 6,000. Due to humans average age, in Belgium every year 110,000-115,000 people die REGARDLESS death reason. The virus was thus responsible for like 10%, 1 due to corona, 9 due to other reasons.
    This all to prove that governments sat behind 2020's financial markets story.

    Governments caused the huge spike down and up.
    Same trick as in 2008: scare speculators into decisions that make them loose a part of their savings.
    In 2011 I bought at $32 and didn't sell at $50.
    *** learning ***
    In 2020 I didn't sell at $12 and sold at $28.

    Good luck too. Hope you end up on the winning side. I hope everybody here.
    Just that crap governments monetary manipulation reduced our speculation range to a game of musical chairs.
    There is only so much left after governments passed, so when the music stops, some people have no free chair left.
     
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  16. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Haha, now it's 4 votes for "never". Some humorous types on this forum :p:)
     
  17. OneDay

    OneDay Active Member Silver Stacker

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    Just for clarity's sake what is the chair you are talking about in this game of musical chairs?
     
  18. Pirocco

    Pirocco Well-Known Member

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    In 2011 the Kitco forum did represent the herd.
    During the $32 (I entered the silver world) and $50 I (as user "Lorian") warned on 3 occasions that that price trend had nothing at all but stupidity/misleading backing it up, and that even that $32 was a limit based on QE spending (which itself already turned out the be a scam). I was harrassed by like the entire forum but a few.
    This forum could be different... now...?... in the past I've seen repeating stories as many times as larger silver price fluctuations.
    Which % of people know about gold/silver/Apple/Tesla price changes, is not the data set on which my conclusions are based. Because those that are not present on silvers market, are irrelevant for its price trend. What I name "herd", is not all people, but the other people in the same store. :)
     
  19. Pirocco

    Pirocco Well-Known Member

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    100 people sit on chairs.
    The music starts.
    They stand up to dance.
    Government grabs 10 chairs.
    The music stops.
    They stop dancing and want to sit again.
    10 do not find a chair.
    Replace "chairs" with "dollars".
     
  20. Pirocco

    Pirocco Well-Known Member

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    If you know their address give me a yell, I like silver for free.
     

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