Since most / all of the $14 to $20 was due to futures positions taking - it rose to decades recordhigh, and in last COT report still was double a typical peak of the last decade, one may wonder why. A big position on the futures markt can be seen as an indication that large / hedge funds / systemical / government-sided entities expect (so what is to come) speculators to become more willing to buy the product / less willing to sell it). What else than their awareness of a next crisis arrival, can explain this? It all looks like a next crisis orchestration sits already on the schedule. Alot doom and hyperinflation talk, can be expected, to drive speculators into their money losing behaviour.
If you look at the increase in bullion coins, could that not account for a decent portion of hedging. I suspect every fabricator, mint and dealer worth their salt would be hedging.
The current bullion coin sales level, ex US ASE 40 Moz, is since 2011. The average price then was double the one now. Globally, this is silverinstitutes coins&bars, in Moz: 2006 -50.7 2007 -56.1 2008 -192.3 2009 -91.6 2010 -144.4 2011 -210.4 2012 -160.5 2013 -242.1 2014 -236.1 2015 -292.3 So the double degree hedging at the moment, doesn't look like having bullion coin/bar sales figures as cause.
Prettyprettyshinyshiny...I am not convinced that the bottom is in either. I have hedged my bets of course but there is still this niggling doubt in the back of my mind.
Because i have sold a heap thinking it would go alot lower it would clearly suit me for prices to dive, BUT seeing the USD lose strength yesterday and gold and silver rise slightly i now have my doubts. Most would agree here i think????? that with a rates rise yesterday the USD and pm's did the OPPOSITE of what we would consider normal reaction. I now put this down to the federal judge in Hawaii that has again kneecapped the POTUS. It would not surprise me at all now if the US Govt is on the verge of taking up arms against these federal judges and we see some real SHTF stuff happen. I mean for a single judge to shut down the wishes of a democratically elected President is just bloody ridiculous no matter which side of the Trump fence you sit.
Some things to remind. The best sales occur on the highdays of positivity. The best buys occur on the highdays of negativity.
Or 30 ,50, 100. The USD will be around for a very very long time, but there will be plenty of highs and lows to cash in on along the way. A low may come this year if Trump and the US Judiciary come to serious bows. Keep some cash available to buy up USD just in case. It was only a few years ago and i could have gone to my bank and bought USD for $1.14 NZD each and today it will cost me $1.44 each
This is 20+ years dollar: http://finviz.com/futures_charts.ashx?t=DX&p=m1 Now 100. Has been 80 in 2008. Has been 130 in 2001. Has been a same 100 in 1994 and 2005. This is a relative value, relative to other currencies. Since both sides of a currencies equation should be equal, about the same can be said about the others. Also, what's the importance to for ex the silver price? The dollar fluctuation is -20 to +30 from that 100. That's a couple dozens %. Silvers price fluctuation is hundreds %. So I think that the dollar value was a minor silver price change element. So nothing to base longer term decisions on.
Pirocco says:" So I think that the dollar value was a minor silver price change element. So nothing to base longer term decisions on." You are joking right? All the facts and figures you throw around here i am starting to think you do not know what they actually mean. I do not mean to be disrespectful but to say the USD is a minor aspect of silver for non Americans is just bloody ludicrous. In NZ the NZD and silver price move inverse to each other in near perfect step and that is due to the USD . If i had brought USD @ $1.14 and held them until now lets say $1000 USD @ $1.14NZD + 2% id have paid $1162NZD =46.40ozt silver. That same exchange if i held it till now and cashed back to NZD for free at Kiwibank would get me =57.57ozt of silver. That is in the most basic sense i can muster on a Sunday morning. USD hast vast power of long term silver for non USD people.
I first started stacking 2013 and am asking stackers here question about 2008. When silver spot dropped in 2008 from $22 down to $14.88 AUD what price were people able to buy from dealers then at? I think I recall someone saying all dealers were still selling it at around $20 and many had run out. Is that correct? Thinking about next GFC when everything crashes including PMs like last time what price I would be able to get silver at....if I can get any?
when silver in the USD price was bottom $8.5, the ETF was born out of Wbuffet, with the option price exercise at $12 or something, were able to get metal for $20 more or less with much waiting time. should have just get the paper silver at the time.
I registered in 2011 here and have recently come back. I remember the good times when silver was booming past $40 USD per Oz. And I was getting my current daily wage sitting on it. Until it crashed lol.
