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ProShares Ultra Dow30 Message Board

scottbwest2000 2 posts  |  Last Activity: Sep 24, 2014 12:04 PM Member since: Aug 21, 2006
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  • Reply to

    New APEX sell signal on silver again today

    by sjsrhs Sep 23, 2014 2:58 PM
    scottbwest2000 scottbwest2000 Sep 24, 2014 12:04 PM Flag

    sjsrhs, different philosophies on PM here. Longer term buy-hold works, so does short term trade. Just like real estate, some hold for retirement, others make a living off the moves. Both are correct. I sold some of my $8 silver at $38.60, but kept most. Am buying again, not concerned about short term moves. Hopefully, the $ continues to suppress pricing into the lower teens.
    If trading isn't what you do for a living, it's prudent to buy and wait for the next move in X number of years.

  • Reply to

    America's Ponzi Scheme

    by mredlark Sep 22, 2014 10:57 AM
    scottbwest2000 scottbwest2000 Sep 22, 2014 12:06 PM Flag

    If the cost of a primary mine's ops is running at a loss for a protracted period, it gets shut in.

    If Ag is recovered from other metals mined as a by-product, as long as the primary ore is still viable (coupled with by-product ores recovered), then new Ag is refined regardless.

    Cost of primary mining is only one part of the equation. Inflation and industrial/consumer consumption is the driver on short term pricing. Lead time to start production of primary mines is the supply cap, based upon price.

    It is inevitable that as long as our currency is being devalued, long-term trend for PM will be up. In the interim, traders (of which I am not) are making money betting short. But nothing moves in a straight line. There are price floors and ceilings.

DDM
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