Investing General Discussion

Mahes

Mahes

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Silver hit 117 and then dropped back down to 105. Jim Cramer making that statement, makes me think Silver will hit 200 pretty soon. As far as Silver being a bubble, I honestly do not think so this time. The American Dollar has lost a lot of value and foreign countries want something tangible now. Silver will go up and down, like it did today but I do not see it sinking way back down.
 
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Arden

Arden

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As an aside- gold is now rough double the price of platinum.

Made me wonder why plat in EQ is 10x gold so I looked it up. When EQ was released platinum was worth significantly more than gold was in 98/99.
 
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Haus

Haus

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Mahes said:
Silver hit 117 and then dropped back down to 105. Jim Cramer making that statement, makes me think Silver will hit 200 pretty soon. As far as Silver being a bubble, I honestly do not think so this time. The American Dollar has lost a lot of value and foreign countries want something tangible now. Silver will go up and down, like it did today but I do not see it sinking way back down.
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Borzak

Borzak

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Yeah more refiners are only taking .999 and such not sterling or junk. Less work to come out with what they want in the end. I don't know how many refiners there are but a number of shop owners post online and videos that dealing with them is a pain in the ass. TIL >$100 silver is a cube smaller than a small lego.
 
F

Flight

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As Haus alluded to there are a lot of people going to be wiped out on Silver short contracts in the next few weeks if they can't get silver to drop so they keep trying to bring it down. The market is real though IMO. Back to 119.5 now.

I like Silver producers/miners. Gold also. They're still priced with silver at 35 an ounce so there's big upside even if silver drops some. Q4 earnings calls are due in the next week or so. I don't know how much rising prices will affect that being Oct-Dec and them being tied into contracts in all probability. Big upside in the coming months though, if folks do their homework and are selective.

The people who are really going to get hit the worst have their contracts due towards the end of February and early March. The suits are trying to manipulate the price the way they have in the past but this time the buyers are Central Banks and some of the big finance firms. As an aside and counter point though there's expected to see some drops around Chinese New Year (17 Feb) as they try to lock in some profits. I'm trying to give both sides here so apologies if I'm a little confusing.

Whatever. I've gone deep on producers/miners and I'm looking to hold for years, as is my want. There's definitely profit there in the short to medium term though.
 
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Haus

Haus

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I do find it interesting as much as people are saying that silver going parabolic is because of new technology which will require it (batteries) that doesn't explain the near parallel move in gold, and it certainly doesn't explain how the most unsexy of all ETFs is also moving this month...
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That's HDV, also known as the High Dividend Value ETF, aka your grandma's ETF....
 
Furry

Furry

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Haus said:
I do find it interesting as much as people are saying that silver going parabolic is because of new technology which will require it (batteries) that doesn't explain the near parallel move in gold, and it certainly doesn't explain how the most unsexy of all ETFs is also moving this month...
View attachment 616996

That's HDV, also known as the High Dividend Value ETF, aka your grandma's ETF....
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The silver batteries are as of yet fake, but even if they were real they would consume all the silver produced in all of human history in less than a year if they replaced regular tech. For some reason I doubt that's sustainable.
 
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Haus

Haus

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Furry said:
The silver batteries are as of yet fake, but even if they were real they would consume all the silver produced in all of human history in less than a year if they replaced regular tech. For some reason I doubt that's sustainable.
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This is why I think we're seeing an overall flight of money into "harder assets" (gold, silver, even Uranium ETFs are up), and ETFs that focus on less bubbly, more traditional staples (like HDV). When thought of through a lens of risk aversion it makes sense with the growing sentiment that "this house of cards can only be built so tall" and all the "we're overdue for a big correction" talk I'm hearing.

Normally treasuries and such would be a staple of this movement, but are they playing that role this time around? If not, then why wouldn't they?
 
Fogel

Fogel

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Ibit at the Nov low just under 48. Luckily I closed my 48 puts on Tuesday and have some 42 puts expiring next week.
 
Fogel

Fogel

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It briefly touched 75k back in the april tariff scare, before that its got support in the 65-70 range so if it closes below this it has a lot of room to move down.
 
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