SLV - Page 12 - TigerDroppings.com

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Lsut81
USA Fan
Member since Jun 2005
64193 posts

re: SLV


What the motherfricking frick.... Slv down 4% in pre-market even thought physical is up???


I woke up and checked and SLV was + and then I went to the gym and come back to this shite.


frickKKKKK






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ell_13
USA Fan
Alex Box
Member since Apr 2013
22017 posts

re: SLV


I see it as +0.04 in pre





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Lsut81
USA Fan
Member since Jun 2005
64193 posts

re: SLV


quote:

I see it as +0.04 in pre


Yeah, now up .05


WTF is going on??? Did it rebound off of the inflation news?






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80672 posts

re: SLV


quote:

I woke up and checked and SLV was + and then I went to the gym and come back to this shite.
I keep telling you people that exercise is bad for you!!







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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1377 posts

re: SLV


Miners are risky at best, especially if you can't get your head around their cost to finish the product. They always take a beating when teh metal is down.

You might wish to consider SLW. It is really a royalty play. Also Sprott does lending to miners.

It could be painful for a while, but when silver recovers, both will follow their patter. Which is to say, explosively shoot up. They generally lag the price. SLW makes money no matter what the price of silver is. Rarely do they lose. Sprott's companies are very good to watch no matter what your position in silver is. He knows. He really knows.

Take it for what it's worth.

I don't exercise, I smoke very good cigars.



This post was edited on 12/13 at 8:35 am


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LSUtoOmaha
LSU Fan
Nashville
Member since Apr 2004
21118 posts

re: SLV


I just bought 200 shares of SLW at $20.40.





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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1377 posts

re: SLV


quote:

I just bought 200 shares of SLW at $20.40.


Be patient. I think you'll end up happy. Small dividend doesn't hurt things either.

Interesting read on SLW:

LINK

Interesting read on gold and silver ETF's:

LINK /

And another interesting, especially about premium paid to take possession:

LINK /



This post was edited on 12/15 at 8:09 am


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Lsut81
USA Fan
Member since Jun 2005
64193 posts

re: SLV


Up down up down...

Back up to where I bought in. Considering cashing out and calling it a wash






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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1377 posts

re: SLV


I wouldn't.





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Lsut81
USA Fan
Member since Jun 2005
64193 posts

re: SLV


quote:

I wouldn't.


Any insight as to why not?






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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1377 posts

re: SLV


The demand for silver is huge, and the price seems disconnected to that.

Apple has indicated they are having trouble meeting their required supply for manufacturing.

The charts indicate lower is likely, but not much lower, and if you bought recently, my insight is why miss the upside? The fundamentals, mostly supply and demand, speak for themselves.

I'm a silver bull. I own silver. I just trade the paper. For me right now to take possession, I have to pay greater than a dollar over spot price. When demand is lower, I usually never pay more than a $1 over.

There is a vast amount of research in to the reasons why, and even some conspiracy theory type arguments.

SLV and options on SLV you can only see volume and open interest. The futures contracts however, you can see exactly which institutions are lines up on which side. There is a required report that comes out monthly I believe.

JP Morgan is the biggest short. There is also a relationship between JP M Chase and I shares SLV. I'm not sure if they are the custodian of the silver, but I had thought I read that somewhere.

I'm in the middle of closing out my year, or I could give you a complete laundry list why silver is a good long term hold.









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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1377 posts

re: SLV


Everything is proceeding as planned. I left today at 2, so I could smoke a nice victory cigar.

Carry on.






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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1607 posts

re: SLV


quote:

I'm in the middle of closing out my year, or I could give you a complete laundry list why silver is a good long term hold.


Do tell. Up to this point I have simply collected silver coins. For next year, I have a block of money in my savings set aside to invest, which silver could get a portion of for next year. How long are you talking about holding silver? Will you expand on your laundry list of reasons to hold silver?



This post was edited on 12/19 at 7:24 am


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Lsut81
USA Fan
Member since Jun 2005
64193 posts

re: SLV


I sold off at 19.30 and looks like pre-market its down to 18.50. Thinking of putting in a buy order if it gets down in the 18.20s


This post was edited on 12/19 at 8:23 am


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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80672 posts

re: SLV


I bought back in this morning at 18.51.





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Ole War Skule
LSU Fan
North Shore
Member since Sep 2003
901 posts

re: SLV


quote:

I'm in the middle of closing out my year, or I could give you a complete laundry list why silver is a good long term hold.



sure...I'd like to see it....I've been wanting to bet on silver going up, but haven't been following it..I've always invested only in stocks, etfs & mutual funds, but am wanting to put something into gold or silver now that they've come down...thinking of options instead of ETFs, stocks, or physical, but don't really know the ropes...

Also, do you spend time on any message boards to discuss stock trading?

* Yahoo is full of BS
* Seeking Alpha doesn't seem to follow stocks I'm interested in
* M Fool same as Seeking Alpha







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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
865 posts

re: SLV


Been in at $18.51 for weeks now. Almost escaped at $19.50 but my order was not executed. Would have reloaded today too if I had gotten out at $19.50





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Lsut81
USA Fan
Member since Jun 2005
64193 posts

re: SLV


Trying to pick a buy in point right now... I basically broke even with the last one, decided to sell off and try to reposition myself, I'm glad I did.





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LSU0358
LSU Fan
Member since Jan 2005
5131 posts

re: SLV


I think we are getting close to a PM bottom. Gold will make a new low from the 1900 top today unless it gets a big bounce.

Having said that, still waiting on my part. It can get bloody trying to catch those falling knives.



This post was edited on 12/19 at 10:52 am


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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1377 posts

re: SLV


Dollar Bears Love Silver Coins

By Jeff D. Opdyke, Editor of Profit Seeker

Dear Sovereign Investor,
All that glitters is not gold … sometimes it’s silver.

It’s clear that despite silver’s depressed prices, the metal continues to shine brightly among a large group of people who remain concerned about the state of the world’s financial system.

The U.S. Mint, the Royal Canadian Mint and Australia’s Perth Mint are all on course to set annual silver sales records this year. The reason: Demand for silver coins is surging because those who realize the fragility of the West’s debt-addled finances want some of their wealth parked in honest money.

I’m one of those buyers. And if you see the value of insurance, you should be one of those buyers, too.

Chief Investment Strategist, Louis Basenese, just "cornered" the ENTIRE tech market. It only took him 10 minutes to do it, too. The last time he found such a shockingly mispriced stock, well… tons of our readers got rich! One reader made in excess of $2 million. If you missed Louis' webcast, it's okay. You still have time to prepare. Click here for an exclusive re-airing of what happened. When the Opening Bell sounds at exactly 9:30 AM EST, it's likely going to be crazy! Click here to prepare.

Here’s what I find compelling …

Silver prices so far this year are down nearly 35%. The metal — I call it a “precious industrial metal” because of its dual role as a currency and an industrial commodity — is back under $20 an ounce. Yet demand is surging.

In the world of assets, that’s odd. Think about the stock market, or the housing market, or just about any market you can think of. Typically, when prices are tumbling, investors are fleeing! They want nothing to do with catching a falling knife … and down 35% in a year is catching a falling knife.

Why is it, then, that investors so clearly disregard silver’s recent trajectory? Why are they loading up on an asset that’s under pressure? (And they are absolutely loading up; the three mints I mentioned above have sold more than 71 million ounces of silver so far this year, the highest on record.)

Those are trick questions … to see if you’ve been paying attention to your Sovereign Investor dispatches this year.

The answer goes to what I write about all the time when it comes to gold and silver — insurance.

The global financial crisis and its myriad knock-on effects didn’t teach us that house prices in America can go down. It taught us that the great minds — and I use that very loosely — running the world’s monetary and financial systems — bankers and central bankers — are generally: A) just as stupid as the rest of us when it comes to figuring out the inner workings of a global economy with way too many moving parts to track; or B) purposefully trying to destroy the value of Western currencies to better deal with the ultimately unmanageable levels of debt that governments have amassed … or — and this is my bet — C) some combination of the above.

This risk is that those great minds fail … or succeed. It really doesn’t matter, since either option is bad for us.

If they fail, they unleash a wave of debilitating inflation that raises the cost of borrowing for debt-ridden countries like, oh, say, America, and that will ultimately undermine the currency.

And if they succeed, it means monetary authorities have undermined the currency to such a degree that their respective countries’ massive debts have become more manageable.

Either way, the common denominator is “they undermined the currency.”

The buying frenzy in silver is a clear indication that many people recognize the currency risk we face today. That’s why they’re grabbing fistfuls of silver even as the price drops. They’re buying insurance against the very real possibility that governments or central bankers kill the cash in our pockets … and the cheaper that insurance is priced — the farther the price of silver goes down — the more they buy. Take a look at this chart …

As Silver Falls in Price … Buyers Buy More



See larger image
The chart plots monthly silver sales at Australia’s Perth Mint (in blue) against monthly average silver prices (in red). The lighter-shaded lines are the trend lines, which clearly illustrate my point: As silver prices are falling, hoards of buyers are rushing in to buy insurance on the cheap.

The Best Value in Silver Today …

As I noted at the outset, I’ve been a part of this trend of snapping up silver commemorative coins minted between 1892 and 1954. They’re incredibly cheap. You can buy high-quality coins — in grades of MS65, MS66 and even some in MS67 for less than $1,000 … and some are only a few hundred dollars.

To me, they are the best value in silver today. Many of these coins were minted in quantities of just a few thousand. And at the higher grades, only a handful of coins exist. Because they’re popular among collectors — and among telemarketers when the coin market is hot —they hold the potential to soar in value as silver-bullion prices rise.

There’s also a great opportunity in Morgan silver dollars, one of the perennially popular coins because of its design, its affordability and the fact that so many still retain their first-day luster because they were never circulated. And like modern silver coins, they, too, speak to the shortage of available silver coins that exists today.

Because of what I see happening in the silver market, I’m recommending you buy any silver commemoratives you can find in MS65 or higher. Or get in touch with my friend and rare-coin dealer, Van Simmons, and grab one of a very limited number of 20-coin Morgan dollar sets he has been able to piece together. (He’s at van@davidhall.com or 1-800-759-7575.)

Until next time, stay Sovereign …

Jeff D. Opdyke
Editor, Profit Seeker






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