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Thread: $18.50 silver?

  1. #21
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    Re: $18.50 silver?

    Quote Originally Posted by Spectrism View Post
    If you are standing on flat ground in a village surrounded by a market of vegetables and meats, those merchants are looking to trade what they have an abundance of for something else. When there is abundance of other things, you can trade for them. When there is an abundance of currency, prices are higher for the things sold.

    Now, in this marketplace which happens to be in Zimbabwe, will the 10million Z-dollars you earned last year buy you more than the gram of silver you bought last year? No. The silver will hold its value better.

    Now take away the marketplace... and let the veggies and meat be scarce. Little food and little water. There is none for sale and your silver or Z-dollars don't help. Instead, a gang of bandits arrive and steal what you have at gunpoint. But you are a well-trained combatant and before they leave, you take down one and use his gun to kill the others. Now your skills were more valuable than money, food, and guns. The local tribe respects that and bring you food for their protection.

    We are on the verge of this kind of transition. War is coming and hell will soon be unleashed on earth. Silver, gold or money- all temporary stores of wealth. Be ready to use what you have for best value, looking into the distance with clear vision.
    I thanked this because it was well written. Spec, you should write a novel... I would totally buy it and read it. You gotta gif' my frien'!
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  2. #22
    Unobtanium osoab's Avatar
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    Re: $18.50 silver?

    Will get there by tomorrow? 18.65 currently
    “Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
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  3. #23
    Platinum aeondaze's Avatar
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    Re: $18.50 silver?

    Quote Originally Posted by osoab View Post
    Will get there by tomorrow? 18.65 currently
    18.46 lowest for the day, back up to 18.58, so technically we went under 18.50 today.

    Volumes are pretty high, not as high as the April 2013 smackdown, but over the previous month volume is the next highest since then. MACD is a little ambiguous, depending on what timeframe one looks at. On a longer term it could foretell the next upleg, on a shorter term it may mean another few months of sideways action or maybe a push below $18 before options expiration next week on the 20th.

    Lets see what she looks like at close of markets later today...
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  4. #24
    .999 Unobtanium Horn's Avatar
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    Re: $18.50 silver?

    The impossibility of the dollar strengthening beyond current levels should bring confidence to Russian investors.

    Anyone anywhere else is an outvestor.

  5. #25
    Moderator madfranks's Avatar
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    Re: $18.50 silver?

    Currently down $.50, almost at $18 even. What gives?
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
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  6. #26
    Unobtanium gunDriller's Avatar
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    Re: $18.50 silver?

    Quote Originally Posted by madfranks View Post
    Currently down $.50, almost at $18 even. What gives?
    Highly entertaining.

    Watch copper & oil & the USD index.

    Silver tends to track with copper and gold. When they go in different directions ...


    Oil is down. USD WAAAY up.


    Possible effect from 'Morning after' Scotland independence vote. Euro nerves boost the US $.
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  7. #27
    Iridium Spectrism's Avatar
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    Re: $18.50 silver?

    It broke the $18.17 barrier and the next is in the $17 range. Hold off on buying until it craters.
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  8. #28
    Unobtanium osoab's Avatar
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    Re: $18.50 silver?

    Quote Originally Posted by madfranks View Post
    Currently down $.50, almost at $18 even. What gives?
    Damn Scotsmen.
    “Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
    H.L. Mencken

    "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
    H. L. Mencken

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    Horn (19th September 2014)

  10. #29
    Great Value Carrots Silver Rocket Bitches!'s Avatar
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    Re: $18.50 silver?

    $17.89

    What a great time to buy.
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  11. #30
    Unobtanium mick silver's Avatar
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    Re: $18.50 silver?

    beat me to it ... dam 10 buck silver here we come
    Quote Originally Posted by Silver Rocket Bitches! View Post
    $17.89

    What a great time to buy.
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