Started By
Message

re: This could be something....Look beyond equities, Silver to be the next short squeeze

Posted on 2/1/21 at 10:06 am to
Posted by rintintin
Life is Life
Member since Nov 2008
16731 posts
Posted on 2/1/21 at 10:06 am to
It hit almost 100% gain in 4 days, did you not expect volatility?
Posted by rintintin
Life is Life
Member since Nov 2008
16731 posts
Posted on 2/1/21 at 10:13 am to
Trying to plan my next trade and would really like to hear some of the silver guru's opinions on price points if this does play out.

Let's say Silver does get to $50 or beyond. What kind of realistic timeline could we be looking at? Is this doable by the end of Summer if we break $30? Should we be looking longer term like 2022 or beyond?
Posted by misterc
St. George
Member since Sep 2014
732 posts
Posted on 2/1/21 at 10:18 am to
I think the answer to this will be what happens in the next 48 hours. If we get through this little bit of profit taking and people buy the dip then barring some form of a liquidity clearing event I say we hit 50 before summer.
Posted by High C
viewing the fall....
Member since Nov 2012
57912 posts
Posted on 2/1/21 at 10:23 am to
Does that apply to AG too, or will its momentum fade more quickly?
Posted by misterc
St. George
Member since Sep 2014
732 posts
Posted on 2/1/21 at 10:34 am to
All equal AG (most any miner) should move faster up and faster down than underlying... Key things I'm looking at on the Silver trade:

Physical premiums and lead times- (Flashing buy signal)

Buying by the SLV and PSLV trusts (I expect large buying today which will report tonight)

Outside factors that would cause risk off events (exercise caution, use appropriate position sizing and risk management)



Posted by FredsGotSlacks
Baton Rouge
Member since Mar 2008
826 posts
Posted on 2/1/21 at 10:57 am to
The beauty of the silver squeeze is that the physical market is completely empty, the prices will continue to go up as long as people keep demanding physical delivery. With the current economy/monetary policy and with this movement I think a lot of people have woken up and are going to continue to clear out the market whenever they can find it. I know I’ll keep buying my 5 oz round every 2 weeks until I can’t anymore and I’ll be holding PSLV AG CDE HL as well.
Posted by tide06
Member since Oct 2011
17193 posts
Posted on 2/1/21 at 11:07 am to
APMex is pushing physical orders out further and further.

Think there is something to this from a market supply issue standpoint.
Posted by wahoocs
Lafayette, LA
Member since Nov 2004
23670 posts
Posted on 2/1/21 at 11:10 am to
Dude, go ahead and sell for a loss if that's the way you see it

I put in overnight last week to buy at market open next day

It let me buy at highest price, then stopped trading

Today, I'm making money and holding tight

Just chill
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11241 posts
Posted on 2/1/21 at 11:33 am to
Silver coins are selling for over $45 on Ebay. It is a good buy IMO.
Posted by CE Tiger
Metairie
Member since Jan 2008
41788 posts
Posted on 2/1/21 at 11:41 am to
quote:

can't believe I let you monkeys talk me into buying AG.


It was under $14 when this thread was made
Posted by QboveTopSecret
America
Member since Feb 2018
3440 posts
Posted on 2/1/21 at 11:55 am to


Posted by eScott
Member since Oct 2008
11376 posts
Posted on 2/1/21 at 12:01 pm to
quote:

I'm buying puts on GME out of spite

I tried selling them but tda wouldn't let me.
Posted by LSU Neil
Springfield
Member since Feb 2007
3053 posts
Posted on 2/1/21 at 2:00 pm to
Started buying in 2009. Bought as low as 8/oz
Buy over 1000 each purchase so it’s tax free and considered an investment
I’d recommend buying several lbs of junk silver coinage in case SHTF
Posted by BobRoss
Member since Jun 2014
1705 posts
Posted on 2/1/21 at 2:02 pm to
I'm actually not buying puts. But I am so annoyed with WSB GME bagholders I want to.
Posted by NYNolaguy1
Member since May 2011
21474 posts
Posted on 2/1/21 at 6:47 pm to
$SLV is now 16% short and rising.

quote:

Date Volume Total Volume Short%

2021-0201 38,912,519 241,943,502 16.08
2021-0129 13,402,058 113,429,900 11.82
2021-0128 19,250,694 152,066,890 12.66
2021-0127 2,196,475 36,774,382 5.97


If you're wondering how all of that new volume didn't translate to new highs, well now you know.

LINK
Posted by rintintin
Life is Life
Member since Nov 2008
16731 posts
Posted on 2/1/21 at 8:17 pm to
Keep the pressure on these fools.
Posted by FredsGotSlacks
Baton Rouge
Member since Mar 2008
826 posts
Posted on 2/1/21 at 8:56 pm to
quote:

Keep the pressure on these fools.

if it dips I just buy more. The spot price isn’t anywhere close to retail, the COMEX is a joke and this right here should open up some eyes on what we are up against with regards to price fixing/suppression.
Posted by Odinson
Asgard
Member since Apr 2014
2819 posts
Posted on 2/1/21 at 9:01 pm to
R/wallstreetsilver is catching on since it’s not gme.
Posted by misterc
St. George
Member since Sep 2014
732 posts
Posted on 2/1/21 at 9:12 pm to
Try to tune out the noise and look at key data:

SLV NAV went up 7.91% today

Premiums on Bullion 1-2 months out are 4-7x what normal premiums should be, (Future price typically closes this gap over time)

Comex inventory went down 1.5 percent today

We're seeing a little profit taking right now, which I expected. We may see another quick push to 30 in the next day, I feel this dip gets bought.....


Posted by NYNolaguy1
Member since May 2011
21474 posts
Posted on 2/1/21 at 9:19 pm to
quote:

R/wallstreetsilver is catching on since it’s not gme


There's much better basic financial fundamentals at play here, so that helps.
Jump to page
Page First 19 20 21 22 23 ... 25
Jump to page
first pageprev pagePage 21 of 25Next pagelast page

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram