Silver is dropping right in front of my eyes

Discussion in 'Silver' started by Investing for kids, Jul 28, 2020.

  1. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Thoughts....
    Yeah.
    How about a follow up on the alleged manipulation..... seems things on that front have gone conspicuously quiet. :p
     
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  2. Markco2

    Markco2 Active Member Silver Stacker

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  3. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    OK, so which is it?
    Manipulation, or no manipulation? :p
     
    leo25 likes this.
  4. Markco2

    Markco2 Active Member Silver Stacker

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    I don't really care one way or the other.
    As long as I am on the right side of the ledger.
    :D:D
     
  5. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Me too. Every current drop we see on the way up is just another buying opportunity. Take advantage
     
  6. SilverGull

    SilverGull Member

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    Manipulated or not, it seems to have stabilised around the AU$33.80 mark over the last few days (queue new massive fluctuations...)
     
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  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    In this case, I guess I don't need to sell my SLV bought on the 17th March?
     
  8. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I got some in April and it seemed way cheap back then haha. I'm holding mine for now but who really knows? I'm betting on more of a rise.
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I know silver will rise over the next couple of years, but it's really too quick so it points to paper trading.
     
  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Buy on rumor (Fed meeting), sell on news. Melt down tonite?
     
  11. Yankee101

    Yankee101 Member

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    Ah,yes the usual 3:00am dump and the price is down a buck US from the high.

    Nothing to see here folks move along.

    Don't listen to Sprott or anybody else just some poster on the blog that says there is no manipulation
     
  12. Jason1

    Jason1 Well-Known Member

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    Some of this does have todo with the aus dollar.
    USD is sucking right now compared to a month or so ago.
    A drop in silver price in USD and a rise of the AUD, its actually surprising the silver price in AUD has held this well

    Sitting over $30 is impressive really.
     
    Last edited: Jul 30, 2020
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  13. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Price was just pushed up a buck within an hour with 46,000,000 oz's of contracts being traded.
    Yep, 3 weeks of global supply in an hour. ;)

    Where are the manipulation dreamers now?
    C'mon, I'd love to hear your explanation! :p

    silverpop.jpg
     
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  14. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Honesty... I'm more excited about the Australian Dollar.

    Silver is taking a breather. Expecting much more yet.

    Australian Dollar parity ?. Happened before....

    And I'll be sure to order all those car parts I missed out on last time....lol.
     
  15. Shlomo Goldberg

    Shlomo Goldberg Member

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    What you are about to see is a triple flag, followed by a half reverse pike
     
  16. Shlomo Goldberg

    Shlomo Goldberg Member

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    Paper
     
  17. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Scissors........ Rock.
     
  18. Jason1

    Jason1 Well-Known Member

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    Back to the days when ASE's were cheaper than Roos.
     
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  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The USD sucks now because they are going for herd immunity which, as crazy as it sounds, is actually the best strategy because you want to get as many people infected as possible while it's still summer because the virulence and contagiousness will go up many folds in winter. By the time the flu season starts in Dec, many people would have already been infected and developed some antibodies.
     
  20. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    I havent heard anything about that here. The herd immunity thing.
    Half the jobs have already been destroyed and now they want herd immunity haha. Sounds about right.
    A child could have done a better job at handling this.
     
    Shlomo Goldberg likes this.

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