This time its different. Silver to $40+

Discussion in 'Silver' started by President Trump, Jun 23, 2020.

  1. Tokyo

    Tokyo Active Member

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    Right market opens just for slv
     
  2. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    too much playing of no rest cryptos. One thing good about stocks, it’s only open for couple hours.
     
  3. Tokyo

    Tokyo Active Member

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    3 types of market not just a regular hour in USA ( pre-market & after-market play huge roll )
    —regular between 9:30 am to 4:00 pm (6.5hour)
    —pre-market 4:00 am to 9:30 am ( 5.5hour before open)
    —after hour 4:00 pm to 8:00 pm ( 4 hour after market close)

    often new release happen on holiday, pre-market or after-market . This mean select of people can buy up or dump before regular-hour open
     
    Last edited: Jan 30, 2021
  4. President Trump

    President Trump Well-Known Member Silver Stacker

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    How do you choose to risk manage this?
     
  5. President Trump

    President Trump Well-Known Member Silver Stacker

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    Reddit WSBs appear to have caused a spike in Google search terms about silver.
     
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  6. Tokyo

    Tokyo Active Member

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    <Option> is designed for insurance purposes in the first place to protect your gains. but you know now days all run by derivative. ( not free but average joe can also play in after or pre market ) you can look it up all free information online
     
  7. Tokyo

    Tokyo Active Member

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    Make sure people understand
    - selling call option vs buying puts & - selling puts vs buying calls isn’t the same risk.
    If you’re selling insurance = potential loss is unlimited.
     
  8. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Allegedly a plan is being discussed to buy some futures with an exp date of 16th April and ask for physical delivery.
    Anyone able to see if a load of those dates futures starting to get bought? @wrcmad @Ipv6Ready ?

    Best platform in aus to get in on the futures?

    If it is correct exactly what impact would be expected?
     
    Last edited: Jan 31, 2021
  9. jultorsk

    jultorsk Well-Known Member Silver Stacker

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  10. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Well Im prepared to roll the dice for a few K - whats best platform for aussies to get on on this action?
     
  11. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    It says “why not squeeze SLV to real physical price”. I thought SLV is tagged to real physical price? Could SLV detach from silver price due to short covering?
     
  12. President Trump

    President Trump Well-Known Member Silver Stacker

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    Millennial Engineer likes this.
  13. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    The report don't factor in 80milion ounce of silver (2500 tons) released to the market every month. Of course a Vast majority goes to industry as dore via refinery and only fraction to bullion market but why dont the report look at the clause on how long ETF have to aquaire the silver, if they think it is instant lol waste of electrity to have report on the web.

    ie if a whale bought 1 million ounces, does etf or SLV need to aquaire 1 million the split second later lol or in reverse if whale sells 1 million ounces, does the etf have to offload physical silver in a split second, or is it more likely they buy/sell on the market and await delivery.

    the fineprint without even looking at it, would have a rebalacing timeline clause and likely only occur once or twice a month and only the NET difference is added or removed. ie if one whale sells 1 ton and other buys 1.2 tons only 200kg is bought.

    It is not like silver is a limited resource and have run out.
     
    Last edited: Feb 14, 2021
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  14. alor

    alor Well-Known Member Silver Stacker

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    market conditions would play a part, when there is a whale buyer, there is a seller as big = net zero then, no need to go out and buy bullion
    when there is a surge in buyers volume, and the price is disoriented, then after issuing more cert in paper, they go out get more silver to keep in the vault
    there must be paper and bullions bars and balancing act
    custodian would be the one taking care of this after getting their money
    member banks can use ETF silver to settle their bullion debt, since they can get the metal out of their custodian as per prospectus
    maybe this would work until they stop working
     
  15. President Trump

    President Trump Well-Known Member Silver Stacker

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    God bless America. Not guilty, sorry, not sorry.
     
  16. TreasureHunter

    TreasureHunter Well-Known Member

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    Some dealers are already selling silver at 32.85-33 $ (US) per ounce. The lowest prices I've seen so far.

    Why would some people fool themselves and buy at 44-45 $?

    Yes, intrinsic value... true, it has potential... "this is real money"... "I don't care about the cost, I just stack"... >>> mad man's "non-strategy" strategy

    I still see a downside possibility. I think we might see 21-22 $ silver soon, but 17-18 $ could be a great buying opportunity (it was down there more than a year ago - if anyone checks the stats, silver want up above 20 $ around mid-summer 2020, then it stayed on a "plateau"... with slumps since then, rather than spikes).

    If you want to grab a good buying opportunity, then don't go with the crowd now. Rabid dealers have fat premiums. This is like the post-gold collapse in 2013, 2014.

    If gold sinks to 1,700 $, which I believe it will, I think silver will follow.
     
  17. alor

    alor Well-Known Member Silver Stacker

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    ^ always present themselves with great opportunities
    lucky is to buy them on the cheap again and again
     
  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Maybe SLV. Physical will be all out of stock before the price falls below $22. People are using their bitcoin and GME profits to buy silver. It's free money anyway.
     
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  19. TreasureHunter

    TreasureHunter Well-Known Member

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    You made a strong point (I don't know if you realized): "it's free money anyway".

    Indeed: Bitcoin was an invented fake currency and people have blown it all up. Doesn't even have the petrodollar behind it.

    Now that people inflated it, indeed: it's good to buy various things. Like you said.

    But one day people will keep getting rid of Bitcoin in order to buy things. That's when the cascade collapse will occur. It's like hyperinflation.
    And when the big holders start buying hard assets with it... (you can imagine)
     
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  20. TreasureHunter

    TreasureHunter Well-Known Member

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    ^
    What I meant to say that until demand for Bitcoin was huge, it kept gaining "perceived dollar value".
    Once it can be used (and provided that there will be enough thirst to-) for buying hard assets (like PM's), then there will be a lot more sellers than today. I expect it to go down.

    Interestingly there is indeed an inverse correlation between Bitcoin's price and gold's price.

    But gold IS MONEY. While Bitcoin are casino chips.

    Once you play in the casino, you do cash your chips out for banknotes, right?

    That is what people will do with Bitcoin.
     
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