Nah just giving the girls a dose of reality and a little medicine that they have coming:)
They have created their own nightmare:)
True, JM Bullion and others have all the physical you could ever afford to buy, in stock, right now.
That does not mean the physical market could not tighten in the short term, however, it seems that the US Dollar is correlated to the stock market, so dollar up, stocks up, and vice versa.
The thing is, all the emerging market currencies and the Chinese currency still have entire phases of de-valuation still to go through. With FED backing off Sept rate hike and EM currencies falling to zero over the next six to twelve months, where do you think the US dollar goes? Much much higher, which means continued pressure on commodities and gold and silver. The paper silver price is bogus, we all know that, but the problem is, the cronies have been shorting it for years now and backed up by the strong dollar excuse, so why would anyone think that is going to end anytime soon? Never under-estimate the power of the manipulators to continue doing what they are doing, even if ultimately erroneous. 'Don't fight the FED', because, frankly, no one has the amount of capital needed to take control over the silver market and force prices to where they 'should' be.
Should the US Dollar be rising with all this QE (essentially 'currency debasement', thats all it is)?
But, it has been, because of, yup, you guessed it, MANIPULATION.
So the question is why can that not continue?
At some point, does the US Dollar collapse?
But, again, this is just the first few innings of a major currency crisis which will unfold over the course of a year or two, not over night, in the meantime, unfortunately, gold and silver will likely continue to fall.
I don't put much into prediction on price movements but I can say with a grain of salt that I think SLV going to $7.50 or lower before rebounding, ultimately, maybe late 2016'ish.
For now, there seems to be no such supply shortage, simply cuz spot paper price is so low, it is affordable/profitable for them to trade it around to re-supply each other.
Sentiment: Strong Sell
hey cleo....it is 2015 not 2009......living in the past? btw 1.6 billion is a rounding error with a 15 Trillion dollar economy and 3.6 Trillion dollar budget....
are you still watching 'Dallas' reruns?
larry and ideal / dennis educated? now that is FUNNY !
larry the loser claims China own all our parks and the numb nut Ideal / Dennis keeps claiming we will have a 2 Trillion dollar deficit this year.....
between the two of them their collective brains would rattle in a dwarf fleas skull !
hold the MAYO for the board clowns Larry and Ideal/dennis !
who is stupid old man drunk larry? you said you went all in at $26 a couple of years ago.....can't you remember?......are your brain cells mush from all the cigarettes and booze?
5 days until you are in the dog house!
Oooooooooopps I mean the poor house:)
Try covering your last take down with a profit:)
I will be coming out of this smelling like a rose:)
I will be the one falling off a wagon hauling dung and land in a pot of GOLD:)
I sure do thank you clueless girls though:)
You almost made me even today but by end of next week I will be rolling in the dough:)
If your going to play I am going to make you pay!
If only you girls knew who I was:)
Have you figured it out yet?lmaoaug
And on another note to you poor stupid girls hl lost money after gaining all that silver for 3.50 an ounce!
Millions upon millions of ounce but yet they still couldn't make money with it only costing them 3.50!!
Stupid people like you are to dumb to understand it:)
Man with all you brain dead little girls coming out of the woodwork trying to save all of us from buying what little silver is left you would think you would try and persuade us to buy it all since it is so rancid and all!
Your newly minted I/D isn't fooling anyone either!
You people are dumber than a box of rocks the brown moldy kind at that!lmao
I reject dot points 2 and 3. without going into details on why (I think they are silly).
but will say, preppers are a passionate bunch :)
Well Fibber needs to get up a bit earlier to be as educated as we are!
Fibber is wet behind the ears when it comes to metals and don't know anything period!
one more note for all you silver longs (babies) that think silver cost so much to mine....here is the news right from the Hecla earnings report two weeks ago:
The production cash cost for the first six months of 2015 (after by-product credits) per silver ounce of $3.30 decreased from $3.52 in the second quarter 2014
as of 2009 article "government data and finds that U.S taxpayers and the federal treasury stand to lose an estimated $1.6 billion in potential revenue over the next decade. The report links the revenue loss to outdated policies that subsidize the mining of gold, uranium and other metals on federal public lands."
not much of a subsidy in my opinion....loss of potential revenue of 160 million a year ? I didn't find any other more current articles. How much silver is mined on public lands ? And I would guess a majority of that 160 million is not related to silver at all.
how is a premium charged by a retailer....a tax ? I reject your double taxation theory ...on the grounds of not being significant :)
I think they are trying to maximize total profit on SE's. Whether that is because they have supply concerns, or because they know there is a binge of buyers who perceive the spot price to be low, or some combination.....I think it is to maximize total profit.
Would you do it any differently ?
I like your thoughts here, I am going to see if I can find anything on the net about how industrial silver is sourced.
what kind of subsidies for metal miners ? I haven't heard of that before.
Point noted. Thank you... But if ever there is a time when Investors gets shut out of the market and Industrial still has supplies for their needs , I will raise hell ... Is Industrial paying this same kind of premium ? I think not... Yet its WE TAX PAYERS who pays the buck for Subsidies and for these premiums. Not even sure why we have these MIDDLE MAN DEALERS in the first place.... The Gubment wants its hands in everything anyways so why can't we buy direct from the mints ?
I think when the price is on the "drop", the dealers compensate by raising premium. Remember they paid more having it sit in stock. As price goes up they can become more competitive. In the long run it will be a supply / demand force and won't matter what only 1 brand sold, but what will matter is overall demand.
PS, at 50 cents over spot, you are paying only 3% premium to Buy, SPOT to sell. So 3% total commission is much less than your 30-40% on day one. You might want to change your strategy.
Thank you. I like the smaller bars as well. For a few reasons. BUT I would like to see the american eagle hit new sales record . I think its absolutely Disgusting to see the price gouging going on with premiums with the silver eagles just because the massive demand...Hey if you run out of silver eagles you run out... But shouldn't be doing what they are doing... Take some of there own Bars and stamp out more coins for gods sakes ... I feel they are working with someone in Gubment in hopes to slow the sales of eagles... Records such as this tend to alert the HERD and I don't think they want the public awoke to see whats going on...