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Silver, Discussion
mullokintyre
post Posted: Mar 19 2020, 07:29 AM
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Silver still falling like everything else (except the USD).
Below USD12. though still holding above AUD20.
This despite the fact that there is a huge shortage of physical silver to be bought.
Physical silver is 4 to 8 bucks higher than the spot price (read paper derivative price).
In the US, you can pay for silver eagles at the 8 bucks premium, but you wont get them delivered for a few months yet as there is a lack of physical silver to meet the demand.
From Roco report
QUOTE
In the past week, the U.S. Mint sold another 792,500 Silver Eagles. What's interesting is that several precious metals dealers stated that the U.S. Mint had suspended sales last week. Well, it looks like they continued to sell more these past few days. It will be interesting to see if the U.S. Mint can ramp up production to 4-5 million a month as they were doing back in 2015-2016. But what happens if there are more lockdowns? There are a lot of unknowns moving forward.

Regardless, the U.S. Mint sold more Silver Eagles in March, that we have to go back to 2016 to find monthly sales 3-4 million.

So, here's what's really fascinating about the retail SILVER BULLION MARKET. The Buy-Sell spread on Silver Eagles in four various large online dealers averages about $9.00 a coin!!! This means, if you want to sell your Silver Eagles to one of these Dealers, you are going to get $9 less than what they are selling them currently.


Mick



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mullokintyre
post Posted: Mar 17 2020, 06:38 AM
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And now silver is really hitting the skids.
Below 13 bucks.
From the Feb 24 high of 18.50 odd, its has fallen by 22%.
Gold in AUD has fallen from a high of 28 to a tad over 20.
Don't really know why its fallen so much, but given the level of trades on the paper derivitive market, I have my suspicions.
Mick



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mullokintyre
post Posted: Mar 14 2020, 07:46 AM
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Silver down to 14.6
This is despite the US mint running out of physical silver to print silver dollars. (see lack of coins )
The general public is rushing to by the physical at the same time the commercials are using paper derivatives to smash its price.
The gold /silver ratio well above 100 now after spending 10 years hovering between 60 and 80.
Not that there is an intrinsic "correct" value to the ratio, its just an artificial construct that shows what historically happens.
The more things change, the more they stay the same.
Mick



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mullokintyre
post Posted: Jan 29 2020, 05:39 AM
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In Reply To: mullokintyre's post @ Jan 27 2020, 12:03 PM

Well, I hope no one took any notice of my predictions.
Got it hopelessly wrong.
Although Silver stayed above 18 yesterday, it got crunched in overnight markets.
Down 90 cents.

Mick



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mullokintyre
post Posted: Jan 27 2020, 12:03 PM
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In Reply To: mullokintyre's post @ Dec 30 2019, 11:57 AM

Silver up strongly over the weekend to 18.30 USD
In AUD terms, its 26.81.
The critical level will be the september 2019 high of 27.50, levels not reached since back in 2010.
Silver miners and explorers should benefit upon opening tomorrow.
Mick



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mullokintyre
post Posted: Dec 30 2019, 11:57 AM
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Silver approaching USD$18 again.
$25.58 in AUD terms.
Will it now pass the most recent high of $28.75 ,
Prior to this the last time it was around 29 was back in 2016 and prior to that 2014.
Then you have to back to the 2011 period when it hit $44.
The absolute highest was $59 back in those heady days of 1980 when the Bunker Hunt brothers tried to corner the market..

Mick



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joules mm1
post Posted: Nov 21 2019, 03:42 PM
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nearterm, offers have a better look than bids,

the bigger picture has not revealed a burning uptrend, tends to fill a picture of more consolidation if a new uptrend is to kick off
the down arrow=STO with stop just above

Attached Image





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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Nov 19 2019, 03:39 PM
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In Reply To: joules mm1's post @ Nov 19 2019, 12:07 AM

and another kick up in the arvo Asian session
pattern is very clean since yesterdays take-off ....bids have a very good look

silver confirms gold move, little lag and only a few hours adrift



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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
joules mm1
post Posted: Nov 19 2019, 12:07 AM
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both $xauusd and $silver caught decent rotation bids (clean structure), likely we're headed to at least halfway back up the current downchannels

..or better





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. . . . . . . . everything has an art.....in the instance of the auction process, the only thing, needed to be listened to; price
 
nipper
post Posted: Nov 14 2019, 03:43 PM
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In Reply To: joules mm1's post @ Nov 14 2019, 11:26 AM

QUOTE
quando
....try "when"



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne

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