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InvisibleAhab McBathsalts
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Re: Bottom Finally In For Silver? [Re: Ahab McBathsalts]
    #21957330 - 07/17/15 06:15 PM (8 years, 6 months ago)

Na, marketwatch is a little more bias towards a higher holding / under reporting


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"Nobody exists on purpose. Nobody belongs anywhere. Everybody's going to die."


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OfflineGorlax
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Re: Bottom Finally In For Silver? [Re: Ahab McBathsalts]
    #21957920 - 07/17/15 08:36 PM (8 years, 6 months ago)

I wish we could really know where the bottom for silver would be. I love it but I swear it seems bottomless right now.


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InvisibleStonehenge
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Re: Bottom Finally In For Silver? [Re: Gorlax]
    #21959711 - 07/18/15 09:02 AM (8 years, 6 months ago)

You will wish later you had bought now. Gold will have a hard time doubling and a harder time tripling. Silver can triple with ease.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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InvisibleKauaiOrca
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Re: Bottom Finally In For Silver? [Re: Stonehenge]
    #21959728 - 07/18/15 09:06 AM (8 years, 6 months ago)

Quote:

Stonehenge said:
You will wish later you had bought now. Gold will have a hard time doubling and a harder time tripling. Silver can triple with ease.




Silver's going to hit $10 before it hits $20.  You can take that to the bank.  There is absolutely nothing on the short to medium term in terms of catalysts right now that is going to change the trajectory of those charts.  They are firmly in selloff, going down mode.


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"The universe is endless, limitless and infinite.  Any effort to define it's boundaries is an attempt to overcome ignorance.  We are physical, mental and spiritual beings ... there is no beginning and there is no end.  There is only memory.  Our repeated loss of memory experiences create the illusion of beginnings and ends.  Immortality is the ability to retain full memory through all consciousness transformations.  Loss of memory is man's greatest curse and, in very real terms, death."

-- Ancient Taoist Master


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InvisibleStonehenge
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Re: Bottom Finally In For Silver? [Re: KauaiOrca]
    #21959801 - 07/18/15 09:41 AM (8 years, 6 months ago)

Quote:

KauaiOrca said:
Quote:

Stonehenge said:
You will wish later you had bought now. Gold will have a hard time doubling and a harder time tripling. Silver can triple with ease.




Silver's going to hit $10 before it hits $20.  You can take that to the bank.  There is absolutely nothing on the short to medium term in terms of catalysts right now that is going to change the trajectory of those charts.  They are firmly in selloff, going down mode.




We shall see. I say it does not hit 10. If you are so sure why not short silver eft's?


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755


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InvisibleKauaiOrca
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Re: Bottom Finally In For Silver? [Re: Stonehenge]
    #21959817 - 07/18/15 09:46 AM (8 years, 6 months ago)

Quote:

Stonehenge said:

We shall see. I say it does not hit 10. If you are so sure why not short silver eft's?




I don't like investing in commodities that are pure momentum.  I like things that have real fundamentals, profits, earnings, dividends, etc.  Mining stocks are far more interesting to me than PM's.  But, when I want to go down that road of speculation, currencies are far, far more interesting to me than PM's and I can get the same kind of exposure with commodity oriented countries like Canada and Australia if I want to really dive into that kind of gambling.  Right now, I much prefer the DAX and Russell 2000 indexes.  They are far more predictable.


--------------------
"The universe is endless, limitless and infinite.  Any effort to define it's boundaries is an attempt to overcome ignorance.  We are physical, mental and spiritual beings ... there is no beginning and there is no end.  There is only memory.  Our repeated loss of memory experiences create the illusion of beginnings and ends.  Immortality is the ability to retain full memory through all consciousness transformations.  Loss of memory is man's greatest curse and, in very real terms, death."

-- Ancient Taoist Master


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Invisiblezorbman
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Re: Bottom Finally In For Silver? [Re: KauaiOrca]
    #21972145 - 07/20/15 06:25 PM (8 years, 6 months ago)

Quote:

Silver's going to hit $10 before it hits $20.  You can take that to the bank.  There is absolutely nothing on the short to medium term in terms of catalysts right now that is going to change the trajectory of those charts.  They are firmly in selloff, going down mode.




I agree 100 percent.

The precious metals, I believe, are now entering the capitulation phase. This is where the die hards start throwing in the towel. This is necessary to make the eventual parabolic move up. There needs to be blood in the streets. Real fear is needed to put in the final bottom. You're just starting to see that now.

I'm not selling any of mine, but I'm definitely not buying right now. When gold gets around $600 and silver is near $8-10 then I will start accumulating again.


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“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”  -- Rudiger Dornbusch


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InvisibleAdden
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Re: Bottom Finally In For Silver? [Re: zorbman]
    #21972269 - 07/20/15 06:44 PM (8 years, 6 months ago)

So the US repaid China in gold at its peak and now they're tapping out..?


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InvisibleKauaiOrca
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Re: Bottom Finally In For Silver? [Re: Adden]
    #21973727 - 07/20/15 11:50 PM (8 years, 6 months ago)

Quote:

Dys said:
So the US repaid China in gold at its peak and now they're tapping out..?




Not really.  The fear of collapse in the global economy is going down and with it, silver and gold.


--------------------
"The universe is endless, limitless and infinite.  Any effort to define it's boundaries is an attempt to overcome ignorance.  We are physical, mental and spiritual beings ... there is no beginning and there is no end.  There is only memory.  Our repeated loss of memory experiences create the illusion of beginnings and ends.  Immortality is the ability to retain full memory through all consciousness transformations.  Loss of memory is man's greatest curse and, in very real terms, death."

-- Ancient Taoist Master


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Invisiblezorbman
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Re: Bottom Finally In For Silver? [Re: KauaiOrca]
    #21973820 - 07/21/15 12:22 AM (8 years, 6 months ago)

There is an ongoing collapse in commodity prices right now. Oil has dropped under $50 for the first time in a while.

The deflationary downdraft has begun. This is going to get Ugly.

I called the last recession. Let's see if I'm right about this Depression..


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“The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought.”  -- Rudiger Dornbusch


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InvisibleKauaiOrca
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Re: Bottom Finally In For Silver? [Re: zorbman]
    #21974362 - 07/21/15 06:20 AM (8 years, 6 months ago)

Quote:

zorbman said:
There is an ongoing collapse in commodity prices right now. Oil has dropped under $50 for the first time in a while.

The deflationary downdraft has begun. This is going to get Ugly.

I called the last recession. Let's see if I'm right about this Depression..




Significant technical breakdown in Gold yesterday, probably headed down another $100-$200 and it will drag silver down with it, probably another 12-15%

Consumer spending in the US was fueled for 25 years by the steady decrease in interest rates that fueled a long cycle of increasing home prices, re-financing and then spending that equity.  That was a huge part of the inflationary cycle that led to the feeling of so much prosperity in the US.  In the meantime, jobs were being exported because of globalism and cheap labor elsewhere and baby boomers were getting older and technology was replacing jobs.  As a result, the economy is much leaner right now … corporate earnings are stronger not because of sales but because of technology and financial engineering based on ZIRP.

I don't see a depression anywhere around the corner, but I do see a political struggle that is going to continue to divide the wealthiest from everyone else and an eventual recognition, on this planet that 1% of the humans on this planet controlling 70% of the assets and spending power is NOT going to work and is unsustainable.  The transfer of power and wealth into these global legal entities (corporations, primarily) that, in effect, employ the political class will be challenged. 

There are curve balls though … environmental, disease, wars … that are hard to predict that change everything when they hit unexpectedly.  That's probably what's coming at some point that will change things in ways we simply can't predict.  Technology breakthroughs as well, especially on the nano-manufacturing side.


--------------------
"The universe is endless, limitless and infinite.  Any effort to define it's boundaries is an attempt to overcome ignorance.  We are physical, mental and spiritual beings ... there is no beginning and there is no end.  There is only memory.  Our repeated loss of memory experiences create the illusion of beginnings and ends.  Immortality is the ability to retain full memory through all consciousness transformations.  Loss of memory is man's greatest curse and, in very real terms, death."

-- Ancient Taoist Master


Edited by KauaiOrca (07/21/15 08:11 AM)


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InvisibleAdden
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Re: Bottom Finally In For Silver? [Re: KauaiOrca]
    #22080633 - 08/12/15 09:56 AM (8 years, 5 months ago)

15.6 today. Yuan deflation I assume?

Fell 2% the other day. This might get interesting with fear based buying.

"It is very possible that we could see a 10 to 15 percent drop in the exchange rate against the U.S. dollar in the next week or two," said Duncan Innes-Ker of The Economist Intelligence Unit in a research note.

Investors saw Beijing's move as an effort to benefit its exporters but many economists rejected that view because global demand is weak.


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
    #22130905 - 08/23/15 01:19 PM (8 years, 5 months ago)

Quote:

LunarEclipse said:
Quote:

Dys said:
It sucks having metals in bulk because your goal is when stocks, housing, employment and economy tank then it's time to "cash out"... but then that cash doesn't get you far when gas is 8 bucks a gallon, you can't get a mortgage, and can't find a good job.

As morbid as it is, when I visited Florida I did my parents' will and testament stuff and did an overview of assets... I mean I thought I had a lot... if they're going to pass in the next 5-10 years, it's going to come to me, but I couldn't bring myself to get rid of it. Someone once said sentimentality when any investment is at its peak is a fools errand or some such.


That begs another question, when do you guys draw the line at personal health and medical bills, maybe sacking some for a cruise, fixing up your home?

What's everyone's end game? If silver hits 10 I'm throwing a ton of money at it and my wife can have it all when I die.

And did anyone else sell $4900 worth of metals and wait a week to unload more to stave off capital gains? I can't imagine what I'd have to pay if it was all on the books. Just +1 this post if you don't want it public, but I am curious. Also curious if this is illegal...




I don't think people really understand what's about to happen in the world.  We are on the precipice of a financial collapse due to ILLIQUIDITY created by too much liquidity that can't be repaid.  In other words, a complete reset of all currencies, and the creation of a new gold backed one world currency. 

There are no coincidences, this massive debt and derivatives build up isn't an accident.  It's all planned and won't end well unless you are a central banker.  There is a reason all the central banks are accumulating gold, and it's not because it just glitters.

This is the reason we see all these "military exercises" all going on at once this summer.  By September it will be clear.  The event that precipitates martial law is likely coming.  If the signs weren't all pointing to that, I wouldn't say it.

The water situation in CA and 6 other western states and parts of Mexico is reaching critical stages, with no real solutions.  CA just happens to be the 8th largest economy in the WORLD.  It's got about a year left before the farmers suck the aquifer literally dry.  They are running drills down to 1/2 mile now.  It's the race to the bottom.




Anybody happen to notice what's going on in China and the rest of the world stock markets?

Now pay attention.  The USD is testing 95 on the DXY and the Euro back to 1.14. IF the dollar strengthens along with another crack in oil next week, I would expect this gold rally to fail at the 1150 range, and back to 1100.  Silver back below 15, palladium back under 600 and platinum failing 1000 in a big way.

Get those greenbacks ready to buy some physical metals, if you haven't already...


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Anxiety is what you make it.


Edited by LunarEclipse (08/23/15 01:20 PM)


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: KauaiOrca]
    #22130937 - 08/23/15 01:29 PM (8 years, 5 months ago)

Quote:

KauaiOrca said:
I just pulled up a 5 year trading chart on both gold and silver and the technicals on that chart look about as bad as it can get.  It is bumping up against a low and looks like it wants to go a lot lower.  Could still  lose at least 25% of its value until some bigger buyers are motivated to jump in which might take a long time. 

Metals are going lower at least on the short term through the end of this year.  We may even get another round of panic selling to real give it a steep leg down.




This recent bounce is only the gold bugs getting their hopes up for a bounce back over 1200.  It's a lot to do with the dollar dropping recently and the flight to safety of a very lousy stock market.

The same bumbling idiots in China, India, etc. that don't have a clue about investing in stocks also hold a lot of gold.  There will be forced selling of gold on margin as it drops just like in the stock markets.  The other bad news particularly for gold is GLD which is a complete fraud and will be hurting a lot of investors thinking somehow they held physical gold when they in fact did not.


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Anxiety is what you make it.


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InvisibleAsante
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
    #22191471 - 09/05/15 05:45 AM (8 years, 4 months ago)

Here's an ARTICLE written yesterday that pays attention to the now extremely wide gold/silver ration of 72, which is way way out of whack.

They argue that since you have to move 12.5 tons of dirt for an ounce of silver and 250 tons for an ounce of gold, a more reasonable gold/sliver ratio would be 20.

The article concludes with that silver is undervalued and is probably closer to the mark at $60/ounce.

Based on historic balances, which only once peaked at a gold silver ratio of 80, now might be a wise time to sell gold to buy silver, as its expected that soon silver will gain on gold.


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: Asante]
    #22191506 - 09/05/15 06:10 AM (8 years, 4 months ago)

It's probably a wise time to wait until gold bottoms, then buy some silver.  The gold chart looked promising for a little while recently, but not now.  People will buy it under 1000, because they are psychologically programmed to think that 995 is a much better price than 1000.

I like the gold platinum spread at anything over 150+ for gold it looks like a steal.  Normally platinum is more expensive than gold as it is much rarer...


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Anxiety is what you make it.


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InvisibleAsante
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
    #22195794 - 09/06/15 05:38 AM (8 years, 4 months ago)

Here in Holland they solve that by making obscene profit margins on platinum and adding 21% sales tax, effectively KILLING platinum and palladium investments.


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: Asante]
    #22195849 - 09/06/15 06:26 AM (8 years, 4 months ago)

Quote:

Asante said:
Here in Holland they solve that by making obscene profit margins on platinum and adding 21% sales tax, effectively KILLING platinum and palladium investments.




Could you just buy a platinum futures contract then sell a gold futures contract and wait?  Where does the 21% tax get collected, and by whom?  If you find someone with palladium on the street and they sell you a Maple or two, are they at risk of jail time if they don't collect the tax?

21%, that's outrageous.  The other problem with getting platinum physical is that the normal con dealer spread is about 10%.  So 31% taxes, that may take a while before platinum goes from 1000 to 1310.  Then they probably pay under stinking spot when you sell. 

There is probably still a deeply buried section of Obamacare where they can tax precious metals by requiring the dealers to record each and every transaction over I think it was all of $600.

Perhaps that's one reason PMs have lagged in addition to this massive slowdown, there's probably a lurking tax scheme to screw everyone trying to sell or buy metals after it gets enacted...


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Anxiety is what you make it.


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OfflineTravelerOfSorts
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
    #22207351 - 09/08/15 01:40 PM (8 years, 4 months ago)

will that mean jewelry costs more with tax even though the metal itself is down in market?

What about titanium?
I have some gold mining tools, so I'd just mine that gold to save the tax.
Someone wrote somewhere that National parks are staked out and secret mineral reserves.

I basically would buy a house or a property I found gold on, rather then buy metal. Take the time to mine it myself.

Listening to randal, sacred geometry(graham hancock too) hes basically said that all of science majorly skipped over actual geo-history and that minerals could be deposited in new spots previously inconceivable. I think sort of long term in a sense looking at more like you said tons of dirt per ounce, but what if the prospect of mining other planets happens faster then we expected and those long term investments of precious metals get deflated?

I would say rhetorically: the market would probably be in trillions instead of billions per company. Sort of a one world order shift in order for those types of things to happen.
Could you not make a business of making jewelry to acquire tax breaks?


--------------------
a soul of solitude
but a master of ecstacy
in waiting for my rebirth cycle i have hopes that when mushrooms find me it will occur then and i can go about the world as a medicine man
walking staff in one hand spaceship in the other
a journeyman of nature soon to be stepping up to novice hopefully i will have time to become an expert, and i believe only in death will i become a master


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InvisibleAdden
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Re: Bottom Finally In For Silver? [Re: TravelerOfSorts]
    #22413307 - 10/21/15 11:16 AM (8 years, 3 months ago)

I don't know how many times I have to unsubscribe to APMEX to stop getting spam. Every day when I wake up (pacific), I'll have 3-5 emails if silver +/-'d ten cents.

It's probably going to do 10/800 is still my guess before it gets better.

Now I'm hearing nagging from the wife that 7% of our holdings are in metals. I'm willing to risk 7%. :shrug:

How you guys holding up? Even my coin collection is collecting dust, but dust eventually means money.


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