SLV should trade under 28 here in a little while. GLD will be around 1550/oz.
I told you guys here in a post yesterday that I unloaded my SLV calls. You can check my posts to know that I am legit. Or just listen to the biased silver bulls and bears. I will post back here when I get long on SLV again.
you really think miners in Peru who pay their workers 12 dollars a day are losing money with SLV at 30? Maybe American mines, but most are in 3rd world countries.
Yea i guess you should just hoard all your money in physical silver then sell it on Ebay every week when you need money to live.
You have no clue there sport!
Look at all those big name miners that own mines in those countries!
You will see they are not making money as they are being pressed for more taxes there!
Equipment is still expensive and fuell isnt cheap either!
You know what a ball mill is?
Do you know what it costs for a medium sized one?
Do you know how often you need to replace the parts for one of those?
Do you know what a 30 ton haul truck costs?
See thats just it you have no clue!
Its ok to be stupid like you but for me I wont sell my gold or silver and my other investments can pay for my day to day or even year to year!I could not work another day and be just fine so how many people can say that?Mr troutman?
What are we 7% in about 2 weeks?
A 1% pullback isnt nothing!
As for your 28 its dream land!
Hey I guess if you want to dream might as well dream big!
China is spending our money on gold and silver and even the mines!
When the dust clears and all you have is paper well at least you will have fire starting material!
Nah I dont care about 2 years from now. Thats too far out for me. I play SLV for 2-3 months or as I see fit. There is no financial sense in shorting silver for 2 years, thats just stupid.
I would rather trade silver to the long side. Meaning, I wont be actively shorting silver, I will just move on to other trades, set my alert for SLV at 28, then when it gets to that point I will then reevaluate.
EXT4R, you have zero credibilty with me, as do you ponce. You guys are both perma bears and bulls, so your opinions are completely worthless to me. They are jaded and clearly biased. That is how people lose money, and I am in this market to win.
My commentary is NOT directed to day traders like you. My commentary is directed to those who are buying silver for a very long time. I'm NOT a perma-bear. I'm a realist who knows that silver has a VERY VERY long way to fall.
My point is that smart folks will wait for the silver fad/bubble to collapse before buying any buy-and-hold silver
You are free to day-trade all you would like, and to guess the little ups and downs on a week-by-week basis.
Maybe but with 700% profits for 10 years is nothing to sneeze at!
Waiting for next double or even tripple from here and it will happen!
Also if it works for you then its all good for ya!
Just be carefull holding paper any paper!
Well - biased or not. Over bought conditions often bring a profit taking pull-back, however if you view it weekly instead of daily it looks potentially pretty bullish for a while,
could easily go over 34. Plus volume is pretty low.
Ok, tell us the LOWEST point you believe silver will go to in the next 2 years.
I say $14 or LOWER because we are currently in a bubble, and we're swimming in tons of excess silver and most all the silver we USE is produced as a "FREE" byproduct of other mining.
Silver fell to $14 in 2010 on a minor economic bump. We fell to $8 in 2008 on a bigger bump. Silver was $4 in 2001.