Missed the boat on 15 dollar silver

Gonna give an example to illustrate the point I'm gonna make.
There is a big supermarket in my country (amongst other countries).
One of the biggest of all.
In 2014, it realized a loss instead of a profit.
But wait, it didn't.
Because the company (few people knew) was also active in the heavily state sponsored renewable energy sector (notably windmills).
And there, it made a profit, that undid its supermarket divisions loss.
Well, that big supermarket sold in 2014 below its "production cost". That's what a loss is: in less than out, prices didn't suffice.
The same applies to silver miners / recyclers, and even stockpilers / funds.
It's possible that they can cope with a loss, due to compensation elsewhere / in other ways, and it wouldn't surprise me that institutionales, like big banks, like bullion banks, have no problem to compensate (read: sponsor) selected ones.

But again, what's the importance of production cost, when most of the price trend was/is due to stockpiling / destockpiling, and / or the futures markets bogus (they don't even need to relabel ownership of ounces, all they do is putting and cancelling orders) version of it ?
We talk here about silver. Why: because we buy it. And, sell it.
 
What happened after he was injected by gravity into the slide tube???? The video finished too early!! :P

That was a really interesting way of starting the slide. Looked like something from the Thunderbirds.

kutylin said:
Just post a funny video on this topic. Think it will amuse you a little lol

[youtube]http://www.youtube.com/watch?v=CAZS0lTYjCM[/youtube]
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Skyrocket said:
Golden ChipMunk said:
Three Blind Mice with Skyrocket to da Moon
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All here are welcome to come with me on my trip to da moon :)
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j313Bxf.gif
 
Silver_Dealar said:
Silver bullitt said:
That boat I just missed wasn't called RMS Titanic was it?
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Oh sh*t don't jinx us man! Fortunately I'm in first class so I've got a lifeboat :)
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I just spotted some nice silver I want to get, so another big dip would be fine by me :)
 
Pirocco said:
Gonna give an example to illustrate the point I'm gonna make.
There is a big supermarket in my country (amongst other countries).
One of the biggest of all.
In 2014, it realized a loss instead of a profit.
But wait, it didn't.
Because the company (few people knew) was also active in the heavily state sponsored renewable energy sector (notably windmills).
And there, it made a profit, that undid its supermarket divisions loss.
Well, that big supermarket sold in 2014 below its "production cost". That's what a loss is: in less than out, prices didn't suffice.
The same applies to silver miners / recyclers, and even stockpilers / funds.
It's possible that they can cope with a loss, due to compensation elsewhere / in other ways, and it wouldn't surprise me that institutionales, like big banks, like bullion banks, have no problem to compensate (read: sponsor) selected ones.

But again, what's the importance of production cost, when most of the price trend was/is due to stockpiling / destockpiling, and / or the futures markets bogus (they don't even need to relabel ownership of ounces, all they do is putting and cancelling orders) version of it ?
We talk here about silver. Why: because we buy it. And, sell it.
Click to expand...


Your post sounded believable until you got to the "it wouldn't surprise me" part. Can you show where any private mining companies are receiving money from the "bullion banks"? If true, where do the bullion banks get that extra cash to keep mines going? If these are public companies we are talking about where are they hiding these payments on their books or do you opine that they get suitcases of cash from the "bullion banks"?

What doesn't get reported on the PM pumper blogs/sites is all the mining companies laying off workers and moth balling operations that went on for the past couple of years. If you go on strictly mining news sites you will see much more of what is going on in the real mining world vs. the PM blogs where everything is a conspiracy and silver is going to be worth a million per ounce yet the mines can get if for $3 per ounce out of the ground, or the mines are being propped up by the nefarious "bullion banks", etc.

Just my opinion.

Jim
 
Jim4silver said:
Pirocco said:
Gonna give an example to illustrate the point I'm gonna make.
There is a big supermarket in my country (amongst other countries).
One of the biggest of all.
In 2014, it realized a loss instead of a profit.
But wait, it didn't.
Because the company (few people knew) was also active in the heavily state sponsored renewable energy sector (notably windmills).
And there, it made a profit, that undid its supermarket divisions loss.
Well, that big supermarket sold in 2014 below its "production cost". That's what a loss is: in less than out, prices didn't suffice.
The same applies to silver miners / recyclers, and even stockpilers / funds.
It's possible that they can cope with a loss, due to compensation elsewhere / in other ways, and it wouldn't surprise me that institutionales, like big banks, like bullion banks, have no problem to compensate (read: sponsor) selected ones.

But again, what's the importance of production cost, when most of the price trend was/is due to stockpiling / destockpiling, and / or the futures markets bogus (they don't even need to relabel ownership of ounces, all they do is putting and cancelling orders) version of it ?
We talk here about silver. Why: because we buy it. And, sell it.
Click to expand...


Your post sounded believable until you got to the "it wouldn't surprise me" part. Can you show where any private mining companies are receiving money from the "bullion banks"? If true, where do the bullion banks get that extra cash to keep mines going? If these are public companies we are talking about where are they hiding these payments on their books or do you opine that they get suitcases of cash from the "bullion banks"?

What doesn't get reported on the PM pumper blogs/sites is all the mining companies laying off workers and moth balling operations that went on for the past couple of years. If you go on strictly mining news sites you will see much more of what is going on in the real mining world vs. the PM blogs where everything is a conspiracy and silver is going to be worth a million per ounce yet the mines can get if for $3 per ounce out of the ground, or the mines are being propped up by the nefarious "bullion banks", etc.

Just my opinion.

Jim
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Hiding payments?
Suitcases of cash?
Heh no.
Just loans.
Price of your product got too low so you make a loss? No problem, here, another loan.
Where do bullion banks get money? Ehm, remember that the bullion banks also are worlds biggest fiatmoney banks?
Hell, they manage to keep dozens governments in "business", piling up over decades trillions of debt, why wouldn't they be able to keep miners into business during some months / years product price down period?
 
SpacePete said:
Pirocco said:
SpacePete said:
If you get paid in USD!
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The silver price change % is much higher than the USD price change so the changing factor doesn't sit at the fiatcurrency side.
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Says the guy who doesn't earn AUD.
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As said: the currency share of the silver price change was alot less than its own market share, and the dollar value is a relative against a basket of other currencies alike AUD, one can't go up without other(s) going down, so this is just mirror talk.
The AUD has now the same value it had at its 0.7 peak mid 2008, after which it tumbled to 0.4, after which it again rose to its decades high of 0.95. At that peak in 2008, golds price was the same as start this$1050, year.
So there was and is a next boat, to not be missed, in USD and AUD.
 
And that next boat is when the comex hedge gets dumped to a bottom, so a stackers goal is to stack BEFORE they replenish, and hedge, again.
To then, when the breakout and moon talk again fills the day, start accumulating the dry powder again for a next.
 
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