Precious Metals New Thread 2.0

I'm still stacking and have some coming today. I normally don't buy SLV but I want to be part of the digital fight.
I'll ride out my SLV to see what happens there is a big fight for silver, think some big dogs are in the fight..
Last weekend had to be around 3-4 billion thrown at both physical and digital silver....
Shorts come due in a a week or so.
Silver will either go up or just stay around the same, don't see any big dips in the near future. But, these guys could do anything...

I think we are close to the first leg up, $50 - $100 range that will shake out some week hands. But will be great for digital trading...

 

I think my cost average is $21-23 so my physical position is awesome right now, the days when tubes of eagles were in the 350 range........

I'm in good spots for my miners, so I'm covered for my SLV position and I'm holding..

If silver dips, I'll buy physical...

 

Ag recovered a bit today. Dragged my latest batch into the green.

 

Now the boring part of silver, the flat line and wait to see what happens.

We are really close to a break out, their back is against the wall with both physical and digital. Billions of dollars has gone into silver and silver stocks.

They can always print unlimited shorts but, they are running out of physical to back it up...

Keep buying physical and wait till the end of the month on digital trades to see what's happening...

If the price is holding we are winning, if it drops off they may have survived this time...

 

I would buy physical, but just cannot get past $35-$40 ounce. Where are you buying?

I current do have some physical, bought some time ago. Sold a little when it first spiked near $30, happy with that decision regardless.

Plus I hold SLV, PSLV and SIVR in various accounts.

 

I've been stacking a long time, so I have a low cost average so this price doesn't bother me as much,but the premiums are high so I look for the best value. G go on apmex so I can compare the different prices of different coins, eagles, maples, perth and generic and buy what i feel is the best value and stock at the time...

The thing about silver is once it breaks free the price will never com back down...

So it's a gamble, is this the time it breaks free or will we have cheep silver in 6 months....
This time I would plan for $30 silver or higher so $35-$45 dollar coins.... but who knows...

 

Like I keep saying their back is against the wall...

https://seekingalpha.com/article/44...ggest-are-only-months-away-from-higher-silver

 

Because of the squeeze SLV has to change their trading rules.
They may not be able to add additional shares.
Price could change.
Short holders have no guaranteed price to buy shares.
https://www.youtube.com/watch?v=AHjW-lYaBbs

 

I may think about moving some money from SLV to PSLV, the Sprott fund is safer and more legitimate than SLV.
But, I like the pressuring SLV... But SLV is taking your money and shorting the comex silver price...

Ultimately also keep buying physical.

Next week the comex shorts come due...

 

APMEX almost out of gold Eagles. Either not in stock or presale only on almost all gold eagles.
Silver eagles back in stock but, almost out of all other silver....
Crazy times.

 

Ag up nicely. SLV up. SIVR up.

Why is PSLV DOWN?????

 

Question for someone more experienced than myself. This stock to the right GOLD Barrick Gold Corp, any input why is hasn't returned to the $50 range as gold prices have gone up to their 2012 peak?

Trying to decide if this is something that's headed up but lagging the gold price'

It follows the gold price pretty close then deviates in the last year

 

Are you saying silver took one in the nuts today?

 

No I’m curious about the above question

 

I didn't fully analyze Barrick, but I think their recent lag may have a bit to do with Newmont acquiring Goldcorp in 2019, and making Barrick an underdog when it used to be the largest. That said, they are the same as before, and I assume there was no underlying corporate changes. Need to know how current costs of recovery are, and how they are with future prospects.

 

Also this:

https://seekingalpha.com/article/44...-are-buying-gold-miners-hand-over-fist-part-2

 

I think a lot of mining is still lagging behind PMs. I would say let it fall a little bit and start buying the dip...
Or get a miners ETF.

FNV is tanking slowly also. I'm going to watch it and most likely buy back in.
When miners finally take off it will be ridiculous.

Are we months or years ahead of the curve that's the real question....

I'll be taking my SLV and moving to PSLV and looking for other opportunities.
Silver is suppose to have a lot of deliveries this month. It sounds like commodities are taking off so PMs "should" follow...

 

And still ordering more physical.

 

Think it's better to go for SLV, physical silver, or put some money into these mining companies with Biden's new plans? Seems like they're going to spike, just not sure when.