Midnight to 6am - Overnight Spot Watchers Spot...

Discussion in 'Silver' started by Turk, Mar 31, 2011.

  1. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Im sitting at a hotel in Aspen for work bored as phuk so looking at Apmex with spot so low now.
    Gold seems to have come down some but Peace and Morgan dollar CULLS are still $32 and $33.
    There was a new 1 oz gold Apmex bar in the tamper resistant packaging for $1900 on sale.
    Damn that looks good but it could go lower.

    My wife says no we need a garage and i said yes, its FOR the garage. I told her we can even keep it in our cash envelope and sell it in a year or whenever (never gonna happen) if it makes her feel better.

    Im really eyeing the Mexican 50 Peso 1.20 oz gold but maybe the cheaper bar would be smarter. Ive been wanting one of those 50 Pesos for a long time now.
    Ill probably post the pic of it soon haha.

    When i let a woman tell my how to spend my money ill stop working and she can take over. "Theres always mommas house" is what i say and after 32 years shes still packing my lunches and keeping my coffee mug full and hasnt gone to mommas.

    When people ask me the secret i tell them to find a good squaw or Eskimo girl. They make great wives and mothers, they age well and they actually like men.
    Mines of the Cherokee breed with a little German mixed in for meanness hehe.
    Ok back to the peace pipe. Gnite.
     
    Last edited: May 14, 2022
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  2. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Well the silver chart looks depressing.... (I'm front running midnight to 6:00AM here in Australia so I don't have to wake up).
     
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  3. STKR

    STKR Well-Known Member Silver Stacker

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    Saving cash is depressing. I've been holding back stacking over the past two years and would love the opportunity to acquire more at a lower price. If we get to the $17USD range, I'm going to pounce on that. Many primary silver mines have a declared AISC around this range or higher. The longer we stay under $30USD per Oz, the less incentive there is for exploration and new mine developments. Mine supply alone hasn't been sufficient to meet global demand for decades. Primary silver mines have been a crucial component of global supply and byproduct mining only accounts for 50-60% of annual demand.

    So the charts only look depressing if you don't intend to acquire more at lower prices. Otherwise, the charts look great!
     
  4. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Yowzers! :eek:

    Screen Shot 2022-05-18 at 8.05.38 am.png Screen Shot 2022-05-18 at 8.05.13 am.png
     
  5. STKR

    STKR Well-Known Member Silver Stacker

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    A $30 drop in Gold and a 40c drop in the silver price isn't yowzers. That's just typical market volatility in a daily chart. Gold and silver can make those moves from the AUD/USD exchange rate alone.
     
  6. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Maybe so, but you have to admit that the price momentum is all to the downside at present, and we have not even seen a proper correction in stocks/cryptos as of yet.

    If it was not for the recent near 10% drop in the Aussie Peso, we would already be down to $2400 gold and $20s silver.

    Depressing times in the metals for sure unless you are cashed up and looking to buy.

    I think I'll join the catfish in another round of drinks, might make the price look a little more respectable;)
     
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  7. Davros10

    Davros10 Well-Known Member Silver Stacker

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    It's worth being patient. We're only in wave 3 down of 5. Lots more to drop
     
  8. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    A nice near $100 pop in the price of gold from the day's lows, let's hope this is the start of the long-awaited rally.

    Nothing like a bit of inflation fears to move things along;)

    gold_1d_o_AUD.png
     
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  9. adze67

    adze67 Well-Known Member Silver Stacker

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    A Galaxy far, far away...
    $1 and change for silver too :cool:

    Silver Chart 04.PNG
     
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  10. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    The S is HTF but metals aren't responding, has the public forgotten about metals? Not glamorous enough compared to cryptos and NFT's?
     
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  11. dragafem

    dragafem Well-Known Member Silver Stacker

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    The public is watching and buying a lot.Lot more than before....most of the trades are probably private and does not affect the charts
     
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  12. Azure

    Azure Active Member Silver Stacker

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    probably pirates? o_O
    Aaargh.... With de inflation related fears and de odder non-fiat money investments having aye difficult time, I'm surprised silver for one is still sitting so low in the ass of its 2 year channel.
    Any'a ya other stranded forsaken skurvy ridden hoarders of the lost treasures hear'n the call?
    ;)

    I fell the eyes of the kraken upon me...
    Mu ha ha ha ha haaaa...
     
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  13. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    It be a full moon tonight and silver is climbing towards it... how far will it get?
     
  14. Azure

    Azure Active Member Silver Stacker

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    Berg $31.00 AUD broken up off da portside!
    USD $21.50
    EUR $20.50

    Is is possible that we be sinking upwardz?
    Higha Low? Higha High?
    Hi Ho?
    Rum?
    Yes.
     
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  15. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    It will get about as high as a snake's arse.

    Nah Tawny for now, Rum for when the price gets higher.
     
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