Silver to the moon

only when after the Lunar New Year is over, then the selling pressure will be gone again
 
I nearly wanted to place an order for 190 PSLV as a token support for the “squeeze” but decided not to last moment. Unlike physical, there’s no fun buying paper. I think I’ll buy stocks instead. I’ve been buying stocks on a 8 to 1 ratio versus pm since March last year. There’s still a lot of pandemic hit stocks not yet recovered.
 
alor said:
only when after the Lunar New Year is over, then the selling pressure will be gone again
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I don't know about that.

When you are the cartel and have virtually unlimited paper silver any excuse will do for a selling frenzy.

Although I must admit I am pleasantly surprised at silvers resilience, thought they might have been able to crash it down a further 10%.
The physical shortages must be having an impact on how far down they can push spot now.

Glad I am quite heavily into silver and not just gold, otherwise I would be feeling quite miserable now if I only had a gold stack.;)
 
hardyakkagold said:
I don't know about that.

When you are the cartel and have virtually unlimited paper silver any excuse will do for a selling frenzy.

Although I must admit I am pleasantly surprised at silvers resilience, thought they might have been able to crash it down a further 10%.
The physical shortages must be having an impact on how far down they can push spot now.

Glad I am quite heavily into silver and not just gold, otherwise I would be feeling quite miserable now if I only had a gold stack.;)
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back in 2008/09 the gold buffalo was selling for 1650, when spot was 850 about 100 % premium
I had no choice but to spent $26 on a copy buffalo clad, got people who could not understand why people would want to buy a clad.
when the premium is back to normal again, can spent the same amount for 2 gold coins :) it was a small price to pay to wait

gold is boring, just sit back, silver is jumping around and get self tired out and one day it open 10% up back to life again lol

only buy the corrections, then you win every time you buy, all those savings can get more ounces
 
So are you going to buy platinum on corrections? So far the buy on dip isn’t working too well for me, at least for gold and silver over the last 2 years. It’s better for me to just buy all the gold and all the silver I want to buy 2 years ago and forget about it.
 
with the premiums, it is costly to swap Pd to ride on Pt
its just a switch Pd direct to Ag for ounces, but my Pd is hedging my silver
so I got to earn more fiat to buy Pt then
 
Pt will pull back, but I don't think $800-$900 is still possible. Maybe $1000?
 
sgbuyer said:
Pt will pull back, but I don't think $800-$900 is still possible. Maybe $1000?
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10 years ago when watching MM video at 6:41 Oil heading to $10 then April 2020 Oil below $10, now oil $60
it will depend on how long the time frame be


SAfrica can increase Pt production together with Russia to drive out competitors
 
Competitors? SAfrica produces 80% of platinum. Russia is only a minor producer at around only 10% of market and falling since 2015.

https://www.statista.com/statistics/273645/global-mine-production-of-platinum/

But for pd, Russia is largest producer last year and rising production. Russia got lots of pd, very little pt. Of course, unlike SA that mines as much pt as possible, Russia controls and limit pd supply to ensure there’s a shortage and keep price high.

As for oil, only 2 years ago I say oil will go to zero, no need 10 years. What is valuable is not oil but NG and coal. There’s no real shortage of oil. It’s only a cartel.
 
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