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InvisibleAdden
I'm a teapot
Registered: 06/04/03
Posts: 39,201
Loc: Flag
Re: Bottom Finally In For Silver? [Re: Stonehenge]
    #21802497 - 06/13/15 01:10 PM (8 years, 8 months ago)

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...


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: Stonehenge]
    #21802511 - 06/13/15 01:16 PM (8 years, 8 months ago)

It's interesting that recently our good friends at JPM have shorted the bejeesus (yes that's a word) out of the futures market while stockpiling the heck out of physical silver month after month.  Could it be they know something?  Sure, one could view it as a form of covered call as it were, but I see them "banking" (pun intended) on the price dropping in the next few months.

Technically, the charts on all the metals seriously stink, and with any USD strength to speak of, should be getting beaten down.

This of course would bring us to a phenomenal buying opportunity on physical metals.  I'm looking at silver just because it's looking cheap particularly relative to gold which seems to have more support.  The central banksters are hoarding gold, silver is off limits except to our good friends at JPM.  In any event, palladium at hopefully around low 600s with a serious metals beatdown starts to look attractive for a number of reasons.


--------------------
Anxiety is what you make it.


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OfflinePDU
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Re: Bottom Finally In For Silver? [Re: Stonehenge]
    #21803177 - 06/13/15 05:30 PM (8 years, 8 months ago)

Quote:

Stonehenge said:
I picked up about 100 oz of silver when it was around 22, not a great move in hindsight but it will go back up..... Trying to time the market is a fools errand, buy and hold. If your long term analysis is correct, you will win.





Same - but i bought 200oz's when it was around $23.

I don't need the money immediately but would like access to it inside of 2 years. If i can break even at any point, I will. I have a mutual fund which has grown significantly. The 5k I spent on silver would be well place inside in the mutual fund.

Oh well - live and learn.


--------------------
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Invisiblememes
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Re: Bottom Finally In For Silver? [Re: PDU]
    #21803789 - 06/13/15 08:45 PM (8 years, 8 months ago)

Quote:

PDU said:
Quote:

Stonehenge said:
I picked up about 100 oz of silver when it was around 22, not a great move in hindsight but it will go back up..... Trying to time the market is a fools errand, buy and hold. If your long term analysis is correct, you will win.





Same - but i bought 200oz's when it was around $23.

I don't need the money immediately but would like access to it inside of 2 years. If i can break even at any point, I will. I have a mutual fund which has grown significantly. The 5k I spent on silver would be well place inside in the mutual fund.

Oh well - live and learn.






don't look at it as a total loss.  despite the fact that it wasn't needed, it COULD Have been used should a SHTF situation come to pass.  while it looks like it's just sitting there losing cash, really it's just a portion of your overall financial portfolio, and checks both the diversification and hedging boxes.

don't frown too much.  just sit on it.  if silver goes down more, add another 100oz or so.  you don't build a pyramid all at once, it's one brick at a time.  sure, it's underperforming now, but if you pick up 100oz here and there over the next 10, 20, 30 years; all of a sudden you're sitting on 10,000oz of silver.

do you really think the global financial mechanisms can make it decades without another precious metal spike?  i'm jealous of your 200oz, despite their shor-term unrealized loss


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: memes]
    #21805122 - 06/14/15 07:14 AM (8 years, 8 months ago)

Quote:

memes said:
Quote:

PDU said:
Quote:

Stonehenge said:
I picked up about 100 oz of silver when it was around 22, not a great move in hindsight but it will go back up..... Trying to time the market is a fools errand, buy and hold. If your long term analysis is correct, you will win.





Same - but i bought 200oz's when it was around $23.

I don't need the money immediately but would like access to it inside of 2 years. If i can break even at any point, I will. I have a mutual fund which has grown significantly. The 5k I spent on silver would be well place inside in the mutual fund.

Oh well - live and learn.






don't look at it as a total loss.  despite the fact that it wasn't needed, it COULD Have been used should a SHTF situation come to pass.  while it looks like it's just sitting there losing cash, really it's just a portion of your overall financial portfolio, and checks both the diversification and hedging boxes.

don't frown too much.  just sit on it.  if silver goes down more, add another 100oz or so.  you don't build a pyramid all at once, it's one brick at a time.  sure, it's underperforming now, but if you pick up 100oz here and there over the next 10, 20, 30 years; all of a sudden you're sitting on 10,000oz of silver.

do you really think the global financial mechanisms can make it decades without another precious metal spike?  i'm jealous of your 200oz, despite their shor-term unrealized loss




I'm so proud of your progress in the investment world, memes.  :thumbup:

It's critical we understand the role of different investments, and the role of diversification.

Having said that, I'm going to have to say for example, that bonds can't be used to the extent that one traditionally would.  When a market is manipulated, and artificially created by the Fed buying all the "necessary" treasuries, for example, that's not really a "free" market with true price discovery.  So 30% bonds in your portfolio at this time is just asking for trouble.  Folks are already finding that out and the 10 year note is still under 2.5%!


--------------------
Anxiety is what you make it.


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: Adden]
    #21805179 - 06/14/15 07:30 AM (8 years, 8 months ago)

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.


--------------------
Anxiety is what you make it.


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InvisibleStonehenge
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
    #21805381 - 06/14/15 08:57 AM (8 years, 8 months ago)

Its like living on the side of mt Vesuvius, isn't it, LE? We feel the ground vibrating, we see little plumes of ash and smoke but we hope it won't happen while knowing it must.

If gold becomes the world currency, it will have to be revalued by a lot. Not by a percentage but by orders of magnitude, perhaps 100x what it is now. There just isn't that much gold in the world. Mining will explode and so will the price of gold, silver, platinum, etc. Mostly gold and silver since they are monetized already and have been throughout history.

Instead of groaning about how much he dumped into silver, dys will be moaning about how he sold it too cheap and could be rich right now. :wink:

Jade helm will turn out to be a training exercise to condition troops to think of the public as the enemy and to shoot to kill on orders. When benefits are cut or stopped, when pension checks no longer go out, when massive job losses occur, there may be uprisings. All that ammo and all those guns the govt has been quietly buying in recent years will turn out to be part of the big plan. You want a bullet or do you want to keep your mouth shut?

I expect bitcoins to also take off. They are fiat in a way since there are no commodities backing them up but more can not be produced, there is a limit which makes them scarce. I may say I should have sold now and put it into gold or silver or I may say I should have sold my gold and silver and put it into bitcoins.

Diversity is best, I also have real estate. Rents are rising in my area faster than national average. When I read about that I rub my hands together and cackle with glee like the evil witch in snow white. Its good to be prepared for what is likely to come.


--------------------
“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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InvisibleAdden
I'm a teapot
Registered: 06/04/03
Posts: 39,201
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Re: Bottom Finally In For Silver? [Re: Stonehenge]
    #21805411 - 06/14/15 09:08 AM (8 years, 8 months ago)

...I walked away from it with 15-20 grand and regained triple my assets. I've added to it since. There's nothing to groan about over here.


Edit: speeling and grammer


Edited by Adden (06/14/15 09:26 AM)


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InvisibleAsante
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Re: Bottom Finally In For Silver? [Re: Adden]
    #21805668 - 06/14/15 10:37 AM (8 years, 8 months ago)

Keep some silver tucked away for a rainy day. Not capital you need, but capital you can sit on for a few years. Lets say till 2020.

Doesnt have to be much. Let it be as much as you have faith in the metal.



--------------------
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OfflineDr. P. Silocybin
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Re: Bottom Finally In For Silver? [Re: Asante]
    #21816853 - 06/16/15 09:38 PM (8 years, 8 months ago)

I'm hoping for a nice price jump before my options expire next week. Maybe the fed will scare some money into precious metals, or maybe the Greek drama will escalate. I could really use some kind of financial melt down.


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: Dr. P. Silocybin]
    #21819557 - 06/17/15 03:58 PM (8 years, 8 months ago)

Quote:

Dr. P. Silocybin said:
I'm hoping for a nice price jump before my options expire next week. Maybe the fed will scare some money into precious metals, or maybe the Greek drama will escalate. I could really use some kind of financial melt down.




Honestly, buying way out of the money short term options is a "fools errand".  Hope is not an investment plan.  If the "Greek drama escalates", that's no guarantee SLV will be going up 5% in a week. 

Commissions and the premiums are just not worth it.  Why don't you just buy a little physical silver?  Maybe a few 10 oz bars, for example.  Or some 1 oz coins.  At least that way you have something instead of pissing your money away in an arena you clearly don't belong in.


--------------------
Anxiety is what you make it.


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OfflineDr. P. Silocybin
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
    #21820166 - 06/17/15 06:29 PM (8 years, 8 months ago)

My options aren't that far out of the money. A 2-3% jump would be enough to make me a hefty profit. This position accounts for about 1% of my total investments with the vast majority being in stock. I can afford to lose 1%. I view this position as a hedge. In the event that there's a dramatic pullback in the stock market (perhaps caused by Greece?) precious metal will soar and my out of the money options will more than make up for my losses in stock.

I'm not exactly saving for retirement here. I don't have a lot of money to invest so playing it safe and earning 8%/year isn't really worth the effort. I'm in the market to gamble, Win big or lose it all. I think silver is due for a big jump. at least 5%. Maybe not this week or the next, but soon. If these options expire worthless I'm going to buy more. I'm looking at the $17.50 July options, and the $20 October options.

Small investments with high risk and high potential reward. I could lose all of my money 9 out of ten times, but still make enough on the 10th bet to make it all worth my time.


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OfflineDr. P. Silocybin
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Re: Bottom Finally In For Silver? [Re: Dr. P. Silocybin]
    #21820211 - 06/17/15 06:41 PM (8 years, 8 months ago)

Check out the volume spike around 2:45 today. That was some big money moving in.


Edited by Dr. P. Silocybin (06/19/15 11:52 AM)


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OfflineTravelerOfSorts
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Re: Bottom Finally In For Silver? [Re: Dr. P. Silocybin]
    #21820896 - 06/17/15 09:09 PM (8 years, 8 months ago)



--------------------
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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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: Dr. P. Silocybin]
    #21823457 - 06/18/15 12:44 PM (8 years, 8 months ago)

Quote:

Dr. P. Silocybin said:
My options aren't that far out of the money. A 2-3% jump would be enough to make me a hefty profit. This position accounts for about 1% of my total investments with the vast majority being in stock. I can afford to lose 1%. I view this position as a hedge. In the event that there's a dramatic pullback in the stock market (perhaps caused by Greece?) precious metal will soar and my out of the money options will more than make up for my losses in stock.

I'm not exactly saving for retirement here. I don't have a lot of money to invest so playing it safe and earning 8%/year isn't really worth the effort. I'm in the market to gamble, Win big or lose it all. I think silver is due for a big jump. at least 5%. Maybe not this week or the next, but soon. If these options expire worthless I'm going to buy more. I'm looking at the $17.50 July options, and the $20 October options.

Small investments with high risk and high potential reward. I could lose all of my money 9 out of ten times, but still make enough on the 10th bet to make it all worth my time.




Did you sell today?  Got a nice bounce particularly earlier in the day.  Or do you just let them either be a hero or zero?


--------------------
Anxiety is what you make it.


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OfflineDr. P. Silocybin
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
    #21823854 - 06/18/15 02:20 PM (8 years, 8 months ago)

Nah I let it ride :smirk:


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: Dr. P. Silocybin]
    #21826774 - 06/19/15 05:18 AM (8 years, 8 months ago)

Quote:

Dr. P. Silocybin said:
Nah I let it ride :smirk:




Hope springs eternal.  You got your bounce, probably a doubler, but now you let it go to zero.  It's kind of sad.


--------------------
Anxiety is what you make it.


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OfflineDr. P. Silocybin
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
    #21827879 - 06/19/15 11:54 AM (8 years, 8 months ago)

Haha I've passed on two chances this week to sell for twice what I paid.


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InvisibleLunarEclipse
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Re: Bottom Finally In For Silver? [Re: Dr. P. Silocybin]
    #21828378 - 06/19/15 02:26 PM (8 years, 8 months ago)

Quote:

Dr. P. Silocybin said:
Haha I've passed on two chances this week to sell for twice what I paid.




When you state an objective, and it reaches it, and you don't take profits, then get a second chance at it, and still don't take profits, that's not very smart "investing".  At least you can laugh about it.


--------------------
Anxiety is what you make it.


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InvisibleAdden
I'm a teapot
Registered: 06/04/03
Posts: 39,201
Loc: Flag
Re: Bottom Finally In For Silver? [Re: LunarEclipse]
    #21902899 - 07/05/15 09:16 PM (8 years, 7 months ago)

$15.68 USD

Will not be surprised if we see that 10 dollar mark within a year or less.


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