If they had it there would already be a million Eagles sold this week. Just sayin.
Because gold and somewhat silver are direction competition to the dollar. If gold rose to its true vale that would tell the world something is wrong with the dollar/US financial system. You need short supplies in 1000 oz bars not 1 oz eagles. That's what drove silver to $50 in 2011.
I have seen that before... Sometimes prices do fall and sometimes they don#$%$ more of a #$%$ shoot. I wonder how much of their jewelry and special coins they sell as well.
LOL , So why then does the Gubment allow them to manipulate it lower ? Follow up question.. Do you believe we will see short supplies of silver like Skarry suggests ? So far I don't see any problems yet will dealers and their supplies.. I think its going to take a few more stackers to cause a major problem.... As of last year Stackers / Investors showed they were taking out 1/3 the worlds silver supplies... That is pretty massive when you break it down to how few stackers there are in the chain...
The simple fact is at todays pricing it would not take a hunt brother event to take out the supplies.. Millions of Millionaires . If 5 % of them were to hit the market it would change the game...
What are your thoughts about above questions ?
People pay attention to sales some dealers are having prior to Friday. This is likely a sign lower price are ahead as they try to move out inventory.
The ground work the last week or so. The article explains how gold and silver rocket higher in asia only to get hammered down later in the night. This continues in the US markets. People noting is in stone, physical buyers keep some powder dry if the big smash comes.
PS. You never answered my question about do you think the same people who are manipulating the price down will also do so to the upside one day ?
You are right. You said it could drop to that price but would probably be short lived... I hope I get the chance to purchase some at those levels... This is why I watch every day and even have an alert on my phone ... I want to be able to grab as much LOW HANGING FRUIT as possible. If and when it happens. Until then its still monthly purchasing.
That is not correct I said you would be hard press to buy it for less then $12. A spike low to 8-9 is very possible.
So what changed your mind ? Just yesterday you said the low will be around 12 dollar. Now you are saying single digits in 6 months. LOL Personally I sure hope so... Would love to load up on silver being that cheap... I also hope the premiums drop akin the price that much better.
See how the big short position just keeps grinding silver lower. This will likely result in a new 52-week low in SLV very soon. The question is will it be a retest then up up and away. Or the same pattern we have been in the past four years with news lows in silver every 6 months or so. I believe the later as silver will test single digits within the next six months.
US running out of room to store oil; price collapse next?
The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.
I find it funny that they say they are running out of room though. LOL Tell you what , You can store some at my house . : }
PS. This will probably help the miners as well and bring costs down... Cheaper silver is quite possibly on the way... How long will it last is a guess. Seems like people are still buying it up pretty fast and industrial usage sure isn't slowing down...
I like smart phones for texting....90 % of calls I made can be replaced with texts...no more missed calls, return calls, leave messages, wash rinse and repeat. And mapping, I travel a bit and having real time driving, mapping, locational services are very convienent, and for some entertainment...heck I have even watched movies up in the north woods on fishing trips.
but yeah....50 bucks a month for calls and a data plan
I don't use iphone, I use android based, and typically pay 100 every 4 years to upgrade.