They lied about an improving economy and unemployment rate to justify their stopping the QE (which I expect to resume sometime next year - safely after next Tuesday's election). Now it is true that the lying Democrat controlled federal government figures show an improving U3 unemployment rate but anyone who digs a little deeper knows that other US government employment and welfare/food stamp figures show that the labor participation rate has been decreasing for many years and the welfare/food stamp costs are exploding higher over the last 6 years. Also, the lying Democrat controlled government shows inflation is keeping low - anyone who shops for food and clothes should know this just can't be true. Oh yeah, gasoline prices have recently decreased - right before next Tuesday's elections - bet you they go back up to their highs over the next year - safely after Tuesday elections. Plus if you live in States other than the shale oil states of Texas and North Dakota (maybe couple of others) you should know from just observation that there are many people unemployed now and living off the welfare system.
If you've been waiting to jump in, this is it!!!
if you are holding...have no fear!!! No reason for this drop!! Fed already said no rate increase!!! Watch for the pop!!!
Silver production is already in decline. the producers are already cutting back. they can't make any money at these prices...
BS. They are going to start to hedge production - and prices are headed sharply lower.
Sentiment: Strong Sell
you spam too much with the same thing otto.
I wonder if today is your day off or you are paid I have some time today though so I am posting a bit as I hunt for silver bullion I want
most of the sllver mined is a by product of copper and nickel. this will still come on the market. a silver mine that cannot meet its cash cost. will not produce. its a question of selling at a loss or stopping production. I don't know the answer because how much of mining cost is fixed no matter how much is mined. it just seems it would be cheaper to stop production, saving in energy and labor and supplies would be the biggest items in a shutdown.
Their $8 cost is identified as ALL IN SUSTAINING cost. I believe TAHO.
Net earnings for the quarter amounted to $36.1 million or $0.25 per share.
Silver production amounted to 5.8 million ounces. So by that measure, they made at least $6 an ounce. Clearly NOT losing money as some claim miners needed $24 an ounce to be profitable.
I also looked at SLW. It looked like when silver was $19.80, SLW was making $8 an ounce as measured by their EPS.
There ARE miners that are profitable at $16, $15 ounce silver.
Tried to warn all my POOR sweet amateur silver/gold SUCKERS and BRAIN DEAD DUPES, again:
Girls, not only is this USELESS gold/silver bullion, plus all associated WORTHLESS gold/silver stocks, about to PANIC SELL CRASH, but the Dow/Nasdaq will set new RECORD HIGHS into the close of the year.
SLV doggie is one of THE most obscene mega-bubbles I have ever seen in all my years of expert trading, especially RELATIVE to its FATALLY WOUNDED sector, everything from the DYING Alexco penny joke to the Silver Standard stinkbomb to the Great Panther pigpoop, etc.....in fact, almost every single silver/gold JUNIOR pooper you can name is on the cusp of shutting down now
if only someone else can supply .9999 coins at a reasonable price.
sadly only maple leaves...
meh need some other choices...
and they need better designs.
if it is generic I want the designs to be at least somewhat decent. but they are all generics blanks with nothing interesting
may as well sell me a slab of silver then.
and I make it with 3d printer myself
umm not many of us buy 500 or 5000 that many of your websites want.
if we go that route we may as well go on comex and demand delivery.
we usually buy at most 100 oz or less.
sorry just the way it is.
unless you can find some cheap dealer willing to ship that amount your complaining about us complaining about prices are a moot point.
it use to be 1 dollar or less premium back in the day for 1 oz not
500 oz. or 5000 oz now
ridicioulous 5000 oz demand for lowest price and the premiums are still not so low even at that.
if at 5000 oz I would expect 1% premium at most NOT 5%
500 it should be 3% at most
1 coin should at most be 10% to cover shipping costs
in this case you could put it in with a stamp for 50 cents.
so buy 4 and it would cover the stamp cost and give a slight premium.
so when buying 4 or more they would make a profit.
25-100 coins should at most be 5%
etc etc etc.
sorry ask the USA mints and Canadian mint to lower their premiums by 50% since silver went down 50% right?
otherwise the mints themselves are the scam.
I don't need any convoluted conspiracy theories.
If US interest rates really do rise, then dollar stronger in face of other countries easing, and silver to go even lower.
I called $15 silver 2 months ago when all the crazies(guinto, bubblehead, skarie) here were, as usual, saying silver would go to $30 in 3 months.
Additionally miners like TAHO are profitable at $8 ounce all in sustaining cost.
You think TAHO is going to stop making money at $16, $15, $14, $12 ounce silver?
their metrics are a joke tell me the net earnings first and formost as that determines everything
anything else is a marketing gimmick/lie.
lets face it the silver miners have been marketing their cash costs way too low and thus like other industries have been doing marketing.
not illegal but not completely honest.