Marc faber says in highly volatile times EVERYTHING can fluctuate up or down 20% short term - but he's in gold for long term investment and not worried by a short term drop.
Wow, $13. This happened so fast.... I thought I'd have at least another week. I don't have my cash together to buy right now, damnit.
Went to my bank (Royal Bank of Canada) today to ask about silver. Took them 10 minutes to find the "silver lady" (nobody else knows how to do it). She told me silver is a bad investment and gave me brochures for GICs and so forth. As for price, you get it at spot, but it's paper silver and there's a $5 per ounce fee, and they register you with the govt. Um, NO.
Funny how the banks are telling you what bad investments are... lol... tell her to shut the hell up and invest ur tax money into something REAL for once
I was thinking about you when she was going on about how silver was going to be hit hard by the economy, I thought, how did you bankers get to be in charge, you're so DUMB. They want my money but they have even less clue than myself and I've only been really into this for a couple months. And yes it's just over spot, but you pay fees, delivery, and then RBC takes a flat fee on top. Bottom line, you can't get silver cheap. Back to eBay I go.
But you get a better deal from the royal when buying physical silver. The shipping and transaction fees at TD kill you, and Scotia is just to high. I agree $5/ounce is stupid.
Wow, that's another painful looking chart. I really wish I hadn't been spending the last month buying with extra spare dollar. Then again, as they say, if it's going to $300 who cares what it's at...... buy physical.
It's tough to find anyone selling right now, despite those numbers. Weird.
John, I have a little positive theory to cheer up all of us physical holders.
Apart from the obvious highs and lows that form part of any market this slightly worrying drop in spot may be telling us something else. Perhaps people are starting to ditch the paper and buy physical. This "could" be the begining of the end for the Comex. It could be wishfull thinking I know but every angle should be looked at. If I'm right then this is actualy a good omen or us all.
i am sure there are people who really want those metals down.
It is stupid, everybody wants to buy, and then the price should drop?
Try to find gold here, good luck.
I always found it hard to understand that the price is determined by trading relative small amounts of gold. Most gold is just hanging around in banks, or are in the sheds of people just doing nothing. But that price is determined by paper gold on the internet. Strange.
well concept...you once said a while back that the banks might GO ONE BIG BLOW before they let go of the manipulation and right noiw i think they are doing just that..silver hit 14.5 and was about to go OFF like a rocket and BAM they came and smashed it down, u said this might happen with the comex manips and maybe its happening now and if this is true then, this is a good thing because that means its about to take off and the real supply and demand will shine..they are giving it one last push
And further to that - my (novice) instinct is that can't be free market - it's manipulation. And if so - is that actually a good long term sign (ie. they are manipulating it for short term objectives, after which natural laws will restore its rightful price.)
[I dunno - i'm talking out of my ass too - like drutter! LOL (but not so many lols - this is serious!)]
Good vid man! And best of luck on that buy, I hope you do really well.
Have you heard that VV is trying to get a bulk discount for his channel through apmex? Comments?
I was shocked when silver freefell almost again today. Was that fourty cent drop in one hour the result of a big selling off, in your opinion? Or a series of moderate selloffs perhaps.... I dunno, I'm talking from my ass.
I'll check out tradergee1 now, thanks for the recommendation.
Dont panic guys
Marc faber says in highly volatile times EVERYTHING can fluctuate up or down 20% short term - but he's in gold for long term investment and not worried by a short term drop.
watch?v=5J-kNTKuy9s
mallamoozoo 3 years ago
Wow, $13. This happened so fast.... I thought I'd have at least another week. I don't have my cash together to buy right now, damnit.
Went to my bank (Royal Bank of Canada) today to ask about silver. Took them 10 minutes to find the "silver lady" (nobody else knows how to do it). She told me silver is a bad investment and gave me brochures for GICs and so forth. As for price, you get it at spot, but it's paper silver and there's a $5 per ounce fee, and they register you with the govt. Um, NO.
drutter 3 years ago
$5 per ounce fee??? So you pay spot plus $5?
Funny how the banks are telling you what bad investments are... lol... tell her to shut the hell up and invest ur tax money into something REAL for once
stellaconcepts 3 years ago
Grrrrr, my reply didn't go thru. Again:
I was thinking about you when she was going on about how silver was going to be hit hard by the economy, I thought, how did you bankers get to be in charge, you're so DUMB. They want my money but they have even less clue than myself and I've only been really into this for a couple months. And yes it's just over spot, but you pay fees, delivery, and then RBC takes a flat fee on top. Bottom line, you can't get silver cheap. Back to eBay I go.
drutter 3 years ago
But you get a better deal from the royal when buying physical silver. The shipping and transaction fees at TD kill you, and Scotia is just to high. I agree $5/ounce is stupid.
Zancett 3 years ago
sry but what a stupid bitch, a 'bad investment', for fricken 4 months now perth mint has been sold out of silver
fox20012 3 years ago
Thanks for sending me to tradergee1! Great info.
Your videos ROCK - Keep'em coming. Thank you.
ConradWard 3 years ago
Wow, that's another painful looking chart. I really wish I hadn't been spending the last month buying with extra spare dollar. Then again, as they say, if it's going to $300 who cares what it's at...... buy physical.
It's tough to find anyone selling right now, despite those numbers. Weird.
drutter 3 years ago
OOUUUUCH.
We're through $13.50.
Next stop might be 12!
stellaconcepts 3 years ago
If that turns out to be true then we should see that as an unexpected buying opportunity!.
ShillBasher 3 years ago
you mean 12.00 or 12.99 ?
mallamoozoo 3 years ago
12.00
stellaconcepts 3 years ago
We are at $13.12 for ask now! :(
surefirefan 3 years ago
John, I have a little positive theory to cheer up all of us physical holders.
Apart from the obvious highs and lows that form part of any market this slightly worrying drop in spot may be telling us something else. Perhaps people are starting to ditch the paper and buy physical. This "could" be the begining of the end for the Comex. It could be wishfull thinking I know but every angle should be looked at. If I'm right then this is actualy a good omen or us all.
What do you think?.
ShillBasher 3 years ago
i am sure there are people who really want those metals down.
It is stupid, everybody wants to buy, and then the price should drop?
Try to find gold here, good luck.
I always found it hard to understand that the price is determined by trading relative small amounts of gold. Most gold is just hanging around in banks, or are in the sheds of people just doing nothing. But that price is determined by paper gold on the internet. Strange.
dontblamethemessenge 3 years ago
one kookaborra in the hand is worth two in the bush
silverjunky999 3 years ago
well concept...you once said a while back that the banks might GO ONE BIG BLOW before they let go of the manipulation and right noiw i think they are doing just that..silver hit 14.5 and was about to go OFF like a rocket and BAM they came and smashed it down, u said this might happen with the comex manips and maybe its happening now and if this is true then, this is a good thing because that means its about to take off and the real supply and demand will shine..they are giving it one last push
Daniyoyo 3 years ago
Wait for the pull back to $10......Then buy
charlesfuchs 3 years ago
ouch! big drop
ragratt 3 years ago
The silver ETF (SLV) has broken below it's 18 day and 200 day moving averages... next stop 45. $11.99
volksrecht 3 years ago
Ouch! I think your stop loss level was just passed. Keep us updated!
Eraser7622 3 years ago
And further to that - my (novice) instinct is that can't be free market - it's manipulation. And if so - is that actually a good long term sign (ie. they are manipulating it for short term objectives, after which natural laws will restore its rightful price.)
[I dunno - i'm talking out of my ass too - like drutter! LOL (but not so many lols - this is serious!)]
Brainman94 3 years ago
I actually think its behaving rather OK. its not the same violence I am seeing with silver at the moment... despite it going down. It looks healthy.
it can't go up in a straight line... we've had a 4.25 gain from lows... now we've given 1.20 back so far. thats normal trading if you ask me.
if it fails it current levels though and moves below $13, I'd start getting concerned (and will probably buy more silver!)
stellaconcepts 3 years ago
i have a technical question mate - in 1 or 2 days its lost 50% of hard earned gains over 6 weeks. Does that indicate something?
Brainman94 3 years ago
eh? not according to my chart... 6 weeks ago its lows were 10.35.
its highs this week was 14.60
Thats a move of 4.25
Its down 1.20 from its highs... a little over 25%
Technically thats a healthy retracement.
I think 30% retracement is expected and not out of the question.
stellaconcepts 3 years ago
how do you long and short silver in australia?
4rcane 3 years ago
Good luck, John! You know you have some heavy competition from the bungers who are aggressively shorting PMs.
By the way, nice deal you're offering your website members on silver Koalas (another really good reason to join!). =^[.]^=
Raycheetah 3 years ago
Good vid man! And best of luck on that buy, I hope you do really well.
Have you heard that VV is trying to get a bulk discount for his channel through apmex? Comments?
I was shocked when silver freefell almost again today. Was that fourty cent drop in one hour the result of a big selling off, in your opinion? Or a series of moderate selloffs perhaps.... I dunno, I'm talking from my ass.
I'll check out tradergee1 now, thanks for the recommendation.
drutter 3 years ago
I think the sell off is a lot of profit takers (longs closing positions - i.e. selling back into the market)
Plus gold has a lot to do with it... its failed attempt at 1000 doesnt make silver shine.
with that - speculators are shorting it.
Keep an eye on gold.. silver will follow... its playing the bitch in the relationship (and I mean that colloquially)
stellaconcepts 3 years ago
Yeah I have been watching his videos as well and he's very good. I like his calm and relaxed manner as well. Peace.
CelticReject 3 years ago
yes, tragergee1 is also good in this business.
dontblamethemessenge 3 years ago
Nice call I think ;-)
linux23dragon2008 3 years ago
so far so good. forming a confident base at its pivot
stellaconcepts 3 years ago