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Started By
Message
Anyone buying SLV?
Posted on 5/8/14 at 12:31 pm
Posted on 5/8/14 at 12:31 pm
Down to 18.41. Anyone here making any moves yet?
I didn't realize the old thread was anchored until today. LINK
I didn't realize the old thread was anchored until today. LINK
8
Posted on 5/8/14 at 12:38 pm to kennypowers816
I keep watch on it. I'm thinking about getting in on it again.
Posted on 5/8/14 at 12:38 pm to kennypowers816
It was the title that got the anchor...
Posted on 5/8/14 at 12:46 pm to ell_13
Yeah that's what I figured. 
Posted on 5/8/14 at 1:45 pm to kennypowers816
Edited because DERP!
This post was edited on 5/8/14 at 1:46 pm
Posted on 5/8/14 at 2:52 pm to kennypowers816
I just bought 100 1 gram silver bars. Kinda neat. I'm playing with them now
Posted on 5/8/14 at 3:49 pm to kennypowers816
I bought a little today.
Posted on 5/9/14 at 10:24 am to kennypowers816
Still in from last week. I'm a pig and didn't take profits last Friday or early in the week. I'm hanging in there. Downside still appears less likely than upside. Giddy Up!
Posted on 5/9/14 at 4:34 pm to ynlvr
Posted on 5/9/14 at 6:44 pm to Iowa Golfer
But what does it mean?
Posted on 5/9/14 at 7:30 pm to LSURussian
Same question. Why is silver priced so low when physical sales are at "record" highs. Sounds like everything you know is wrong. Kinda like stocks rising over the last couple years on bad economic news because that was a signal for the fed to keep the spigot open. Strange days, but what's new?
Posted on 5/9/14 at 8:43 pm to ynlvr
One guys take. One guy that manages some sort of fund.
The physical silver demand for investment has always been strong, and that seems to change nothing. Having said that, it is about as inexpensive to take physical possession as it has ever been, and my experience is when the price is this low, the spread is usually much higher.
The disconnect for me is industrial demand, and the low interest rate environment not propping up prices more.
I don't believe $19 silver is sustainable, but I also doubt we're going to see a run to $50 any time soon.
So what it means to me is to buy as much silver at this price level as possible. Because it isn't the popular thing to do given the futures prices, and because I do ok when I do the exact opposite as almost everyone else.
The physical silver demand for investment has always been strong, and that seems to change nothing. Having said that, it is about as inexpensive to take physical possession as it has ever been, and my experience is when the price is this low, the spread is usually much higher.
The disconnect for me is industrial demand, and the low interest rate environment not propping up prices more.
I don't believe $19 silver is sustainable, but I also doubt we're going to see a run to $50 any time soon.
So what it means to me is to buy as much silver at this price level as possible. Because it isn't the popular thing to do given the futures prices, and because I do ok when I do the exact opposite as almost everyone else.
This post was edited on 5/9/14 at 8:49 pm
Posted on 5/9/14 at 9:46 pm to Iowa Golfer
$50!?! I just want it to hit $22! 
Posted on 5/9/14 at 10:15 pm to LSURussian
quote:
$50!?! I just want it to hit $22!
Ditto! Load, Unload. Thank You Very Much.
Posted on 5/10/14 at 12:07 pm to ynlvr
And this is the difference in slv and owning physical silver. You will make exactly nothing and lose money buying actual silver at @19.25 + commision and selling at 22 - fees. Good luck with your slv. 
Posted on 5/10/14 at 12:17 pm to Iowa Golfer
Golfer you are probably correct but for some reason I still think we are a ways off bottom here. I don't think that there is much upside untill this bear stops roaring, who knows. To the poster who asked why so much buying at such low prices. I believe mining capacity was ramped up in the last few years as the price of silver made mining more economically feasable, now that some of the big money is heading out of metals it has created spare capacity or overstock and is on sale to use simple terms I can understand. Either way it can't hold, either the buying slows down or the price rises or some combination of both.
Posted on 5/12/14 at 5:55 am to cave canem
quote:
I believe mining capacity was ramped up in the last few years as the price of silver made mining more economically feasable, now that some of the big money is heading out of metals it has created spare capacity or overstock and is on sale to use simple terms I can understand. Either way it can't hold, either the buying slows down or the price rises or some combination of both.
Interesting. That's good to know if true. Sounds like Nat Gas over the past couple of years. Has to go up eventually. Just a matter of time.
ETA: haven't bought any yet, but seriously thinking about it this week
This post was edited on 5/12/14 at 5:56 am
Posted on 5/12/14 at 6:40 am to kennypowers816
Mining capacity goes up and down all the time. It's really mine specific and about their all in cost per oz. Also, a lot of times silver is a by product of other mines.
I actually think the smart money is back in PM's per the COT reports and COMEX withdrawals. Why is the question. Someone pick up the phone and call JPM, they're known to tell the truth.
I actually think the smart money is back in PM's per the COT reports and COMEX withdrawals. Why is the question. Someone pick up the phone and call JPM, they're known to tell the truth.
This post was edited on 5/12/14 at 6:42 am
Posted on 5/12/14 at 1:30 pm to Iowa Golfer
Perhaps you are right about the smart money. I won't try to fool anybody with predictions based on any knowledge but there is only one reason for this to happen and I hope you are wrong. The smart money may be headed that way but it is not there yet in my opinion. We shall see but I don't think the silver bear is leaving anytime soon. I do wonder how many times jpmorgan can sell the same silver bar before everyone catches on to what slv really is.
Posted on 5/15/14 at 3:42 pm to cave canem
I bought 2600 oz today. Generics and silver eagles. The eagles were $22.50, and the $20.
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