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

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

  1. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    If it was totally controlled it wouldn't have gone 30x in the last 50 years and kept up with inflation as well as it has.
    I can see the price being swayed short term but that's all. When the fear kicks in or the derivatives collapse it won't matter.
     
    Last edited: Aug 1, 2023
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  2. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Don't tell me you are smoking too!

    In 1980 30 kg of silver would buy you a house in Melbourne or Sydney, today 30 kg of silver will not cover a 5% deposit on the same house.

    What's that about silver keeping up with inflation so well?
     
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  3. Azure

    Azure Active Member Silver Stacker

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    The "spot" should be related to the person/house selling/buying it.

    100's of dealers all operate selling physical but "hedge" on forex/ASX/perth mint/ wherever..... They should be relying on hedging at central locations of physical bullion (a source of product/material) and not something like forex which is a speculative play that has a lot of band in movement and contains shorted silver that isnt back by anything but a stop-loss or a margin call..

    Pretty sure the quoted spot price differences relate to competitiveness for products at their outlet and I'm sure paying spot to a customer to get a bar isn't the same thing as getting it shipped from their supplier.
    it also ensures a secondary market price floor.

    so seeing the outlets/shops prices above that listed on forex isnt relaly bad news so much...
    unless your buying from them at +markups, because thats 50c higher per ounce that the spot listed that secondary+paper markets are referencing..
    then selling it back to the public is at a far largetr spread that you might thing looking at only one price for your spot reference.

    IMO.. secondary physical market should start tracking bullion outlet spot references and de-couple from the paper price.

    At lest then were on the actual playing field of physical and not treating it like paper silver when It suits the traders in pushing prices to their advantage in the trade.
    I could be wrong... wouldnt be the first time.
     
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  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Yeah yeah I know, I smoke enough for all of us. My wife reminds me constantly hehe.
    I'm in Colorado and it's my "medicine" so those are my two built-in excuses.

    I'll never be able to smoke enough to believe the price is completely controlled by anyone though. Even the Hunt Brothers could only influence for a short period. I just don't see that at all plus it's traded as a commodity now with derivatives.
    Like you said it's been to $50, why did they allow that then? If they could control it then those breakouts wouldn't happen at all.

    I do believe it is INFLUENCED at times and obviously Comex and LBME are highly leveraged but isn't everything?

    As a stacker I own silver and gold not for how the markets value them but for how I value them.
    I stack them for when all that fails and to store my labor but I appreciate the lower prices while I can.

    Housing has been in a super inflating bubble for a long time and you can't use just one fake bubble metric like that.
    PMs usually don't react at all to bubbles like that.
     
    Last edited: Aug 2, 2023
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  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Resized_1691201754394_s_142464303664142.jpeg

    Bouncing off the neckline. Good for pms and just in time.
     
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Silver due for a bounce up in the am. Woo hoo!

    Gold back to 2k where it should be!
    Silver back over $24 for good! Yeehaw!
     
    Last edited: Aug 5, 2023
  7. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    The gold market is back in no man's land as the price is pushed and pulled between rising bond yields and continued economic uncertainty. According to some analysts, next week's inflation data could be a "make or break" moment for the precious metal as it struggles to find direction.
    Gold's neutral outlook comes as prices look to end the week holding critical near-term support levels but cannot generate enough momentum to retest important resistance. December gold futures last traded at $1,977 an ounce, down 1% from last week.
    Don't worry gang, Brandon will save us.
    Let's go Brandon
    3dbd5489bc55489a4009cfeaf79d9f9c1478b8d9f915bea413dcdf416d593045.jpg
     
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  8. Azure

    Azure Active Member Silver Stacker

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    Silver acting like post turtle on back, fearing falling upwards.

    Kicked turtles move sideways, not up. Flying turtle only lifts technically.

    Untill mushroom men break through suspended ceilings, many stripes endure inflation effects of many stars.

    Future appears intertwined with bowsers, hiding false royalties. Is this indeed a flag on high at end of long journey?

    Avoidance of pipes is also wise at current levels, or may lead to cracks in the system.
     
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  9. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    AM Monday yes! Hold on! Half a percent coming strong.
     
    Last edited: Aug 6, 2023
  10. RiotGold

    RiotGold Member

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    Hectic!!!
     
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  11. Azure

    Azure Active Member Silver Stacker

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    Looks like its traded in the range of the previous gap up covering the span of the jump.
    For some reason I fell like the market likes to do that... if theirs some big move it likes to go back and trade for a while in that range....

    upload_2023-8-7_8-46-54.png

    Tho the baseline of the inverse head and shoulders is on a curve and not a straight neckline...
    If the market has bowed to perform the above trading in the retracement zone, then who knows, mabie its got some potential as a valid stable low and the capacity to jump up from here.
    It'd have to breach that 23.80ish level first tho....
     
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Like this on the weekly. Yep keep climbing baby.
     
  13. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    We got robbed! Hehe
     
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  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    We had the good earplugs in the 90s.
     
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  15. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    The good news is my Weber grills the perfect steak.
    Screw the popcorn!
     
  16. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    tobasco with tha!?
     
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  17. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    PMs holding strong at support. What's next!?
     
  18. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    I wouldn't rely on the Brics to save anyone if it even happens. Id consider all that gold hype a rumor until i see it for real.
    They like the debt just as much as Brandon the Tater does. Why stop until it's all burning?
     
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  19. Azure

    Azure Active Member Silver Stacker

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    AI is advancing at a pace such that (soon) eventually it will be able to see the (deliberate) ineptitude of the current leaders and correlate the data that we have been unable to do with our systems of centers of expertise and human conversation/politics.

    Aarghhh me heartys. thus will neigh be a belssin' fur us.

    Either the AI will manipulate and use this as an advantage against us (AI war... lets hope they didn't get time travel in this loop).
    or it will be suppressed (AI itself, by our leaders to keep the history of manipulated truth under wraps)
    or it will make the truth easier for everyone to clearly digest and the markets will find a more "perfect" balance (ahhh, peace at last...)

    Chances are tho.. that monetary metals will be considered barbaric to AI consciousness for currency/trade.
    except those that are physically looking to walk around with silver wiring, gold contacts, and hydrogen based fuel cells.
    in that scenario prices go up... but you'll have to sell to a robot that will probably oppress you for it later.
     
  20. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Sorry to be the bearer of bad news but Au & Ag prices are heading down....how do I know...I just bought some.

    [​IMG]
     

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