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  • Silver Spikes

    3% today !
    What gives?
    Mike

  • #2
    Re: Silver Spikes

    More up again!
    Mike

    Comment


    • #3
      Re: Silver Spikes

      Did you invest in silver Mike? Are you capturing some of this run up?
      I could not bring myself to pull the trigger,despite what looks like an obvious set up for a silver rally.

      Comment


      • #4
        Re: Silver Spikes

        I held silver for 10+ years, it ran from low $20 up to $45 ish as I recall................EJ BEGGED me to sell as it was bubble, I didn't because I was keen to hold non assits . It didn't just fall....it crashed!

        I wish I could buy into his firm, but I can't see away to do it from Liverpool

        Mike

        Comment


        • #5
          Re: Silver Spikes

          I posted on other threads about the historically high gold/silver ratio.
          I've been poking around trying to understand it, and decided that the ratio will never be going back to long term historical norms.
          Worldwide silver production just keeps growing relentlessly, while demand is mainly for industrial uses, and there is not much chance of a swift upturn in the global economy.
          Silver is about $16/oz as I type this. Any upside might be to a price like $20 or $25, but I can't see any reason to expect $40 again.

          Comment


          • #6
            Re: Silver Spikes

            Up to $24...........back to $18 then up to $39
            Mike

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            • #7
              Re: Silver Spikes

              Originally posted by Mega View Post
              I held silver for 10+ years, it ran from low $20 up to $45 ish as I recall................EJ BEGGED me to sell as it was bubble, I didn't because I was keen to hold non assits . It didn't just fall....it crashed!

              I wish I could buy into his firm, but I can't see away to do it from Liverpool

              Mike

              Mike, did you invest in physical silver? From the chart, silver dumped big time in 2008, dropping from $17 to $9. Were you there at that time? Was it possible to buy $9 or $10 silver?

              Comment


              • #8
                Re: Silver Spikes

                As I recall I bought in at $13 ish, but do remember the was $2.10 ish.........thus a did/doing ok.

                Mike

                Comment


                • #9
                  Re: Silver Spikes

                  Originally posted by Mega View Post
                  As I recall I bought in at $13 ish, but do remember the was $2.10 ish.........thus a did/doing ok.

                  Mike

                  Would the sterling pound rebound after brexit? I don't know much about Brexit, but in most cases, the uncertainly is worst than the actual event.

                  Comment


                  • #10
                    Re: Silver Spikes

                    Originally posted by thriftyandboringinohio View Post
                    Did you invest in silver Mike? Are you capturing some of this run up?
                    I could not bring myself to pull the trigger,despite what looks like an obvious set up for a silver rally.

                    Are you getting physical silver? If so, the low premium silver in 10 oz or smaller sizes are already in short supply. I just checked major dealers online, there is probably less than 20 or 30 million dollars worth of low premium silver that can be purchased online in the entire usa.

                    Comment


                    • #11
                      Re: Silver Spikes

                      Originally posted by touchring View Post
                      Would the sterling pound rebound after brexit? I don't know much about Brexit, but in most cases, the uncertainly is worst than the actual event.
                      The dithering over Brexit makes one wonder how these people ever ran an Empire...

                      Comment


                      • #12
                        Re: Silver Spikes

                        Not many Neo-Libs to deal with back in those days!
                        My Late Father told me of "Empire day" when we would thank the Good Lord for making us Top Dogs............

                        Comment


                        • #13
                          Re: Silver Spikes

                          Am Ok right now............Can you get me any "EJ's" ?
                          Mike

                          Comment


                          • #14
                            Re: Silver Spikes

                            Originally posted by Mega View Post
                            Not many Neo-Libs to deal with back in those days!
                            My Late Father told me of "Empire day" when we would thank the Good Lord for making us Top Dogs............
                            Britain needs a donald trump?

                            Comment


                            • #15
                              Re: Silver Spikes

                              ...Here by Thursday I believe.

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