• "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Shall we bake the $20 cake for silver???????????

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
17,373
Likes
17,315
Location
Watching the Sideshow!
Is it not the power of the Sterling, countering expectations of to dollar they flee.
Sterling is about 12% of the USDX and it has been essentially flat against the USD for the last few days. So, if I understand what you are saying, I'd say no.
 

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
17,373
Likes
17,315
Location
Watching the Sideshow!
Silver's rally off the low was sad on the 1 hour chart. We are looking like we might set up a divergence between the indicators (using RSI, Full STO and ROC) and price... maybe a second shot at a near term bottom here. Buying has come out of the $19.20 recently, failing that there isn't much obvious support until the upper 17's... mebe $18 neat.
 

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
17,373
Likes
17,315
Location
Watching the Sideshow!
Silver got some traction again, it just will not roll over and play dead anymore. Mebe a chart is due over in the asylum...... later.
 

andial

((( member )))
Midas Member
Site Supporter ++
Joined
Apr 1, 2010
Messages
11,467
Likes
12,580

southfork

Mother Lode Found
Mother Lode
Site Supporter ++
Joined
Mar 31, 2010
Messages
16,457
Likes
15,678
All I know is my dam electric bill is going thru the roof , keep turning the oven on and off, wish silver would make up its fkin mind.
 

CrimsonGuardJay

Silver Member
Silver Miner
Joined
May 16, 2014
Messages
1,751
Likes
1,240
All I know is my dam electric bill is going thru the roof , keep turning the oven on and off, wish silver would make up its fkin mind.
Platinum is looking somewhat more appealing, the 2016s are presale at bullion exchange for around spot +100

Crazy thing is, platinum is way cheaper now than the last time I got some of those in mid 2014s... Like, close to 300 less.
 

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
17,373
Likes
17,315
Location
Watching the Sideshow!
Wednesdays OI number for silver was +1,381

It appears that the balls went clang again.

Waiting for Thursdays numbers.

There seems to be no juice for the short buy back lower... this means they will have to pay up for the juice.
 

stAGgering

Gold Member
Gold Chaser
Site Supporter ++
Joined
Apr 11, 2010
Messages
1,296
Likes
1,208
Sterling is about 12% of the USDX and it has been essentially flat against the USD for the last few days. So, if I understand what you are saying, I'd say no.
If a few days is the summer doldrums and flatness means action and reactions cease.
Overview continues to show minimal support and test of $17.80's or lower probable.
USD's not; many foreign currencies seeing metal record "highs" being tested.
No not medical "highs".
Typical metal today would have been opposite direction to the rest of the markets.
Sales down, price down, currencies down, metals down, prime manipulative territory of the summer doldrums.
Some things resist change when majority expects.
 

the_shootist

Trump 2020
Midas Member
Midas Supporter ++
Joined
May 31, 2015
Messages
46,079
Likes
77,096
Mel Gibson just called and said he's going to wave the $20 flag one last time for you guys.....



I'd rather he do something about the Kenyan in the White Hut
 

the_shootist

Trump 2020
Midas Member
Midas Supporter ++
Joined
May 31, 2015
Messages
46,079
Likes
77,096

southfork

Mother Lode Found
Mother Lode
Site Supporter ++
Joined
Mar 31, 2010
Messages
16,457
Likes
15,678
So whos backing up the truck?????????????, gut checks telling me we see 19s before going higher end of week.
 
Last edited:

louky

Silver Member
Silver Miner
Joined
Jun 8, 2014
Messages
9,984
Likes
6,803
Location
Bluegrass
gut checks telling me we see 19s before going higher end of week.

They just finished painting that flag I posted above on the monthly Friday so it's time to go up, but there is room to move along this channel on the hourly. That's what I'm hoping for

 
Last edited:

Hystckndle

SWEATEQUITYIS$$$
Site Mgr
Midas Supporter ++
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
7,750
Likes
9,421
Location
Central Florida
Hey there Louky,
Just curious,
Have you ever posted here under another nickname ?
Regards,
Haystackneedle
 

southfork

Mother Lode Found
Mother Lode
Site Supporter ++
Joined
Mar 31, 2010
Messages
16,457
Likes
15,678
Dang was at LCS and he offered silver at spot 20.60, picked up 3 10 0zjm bars, 4 old 10 oz kooks and 50 walker and frankin halves, couldn't pass it up
 

stAGgering

Gold Member
Gold Chaser
Site Supporter ++
Joined
Apr 11, 2010
Messages
1,296
Likes
1,208




I could calculate your math appeared as such.
Where's Barney, can not see him through smoke windows.
 

southfork

Mother Lode Found
Mother Lode
Site Supporter ++
Joined
Mar 31, 2010
Messages
16,457
Likes
15,678
Dang was at LCS and he offered silver at spot 20.60, picked up 3 10 0zjm bars, 4 old 10 oz kooks and 50 walker and frankin halves, couldn't pass it up

Stopped by again today, still at melt said no ones buying, picked up some more walker and franklin halves and roll of mercury dimes at melt.
 

andial

((( member )))
Midas Member
Site Supporter ++
Joined
Apr 1, 2010
Messages
11,467
Likes
12,580

andial

((( member )))
Midas Member
Site Supporter ++
Joined
Apr 1, 2010
Messages
11,467
Likes
12,580