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Silver Monitoring Thread $ (USD) only


ChrisSilver
Message added by ChrisSilver

To discuss the price action of silver in £ GBP instead please see here: https://thesilverforum.com/topic/368-silver-monitoring-thread-£-gbp-only/

 

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1 minute ago, Witcher said:

No.  If I qualified for one, I would not want it.  It's not that I couldn't use it because I am far from independently wealthy. 
The reason, which I try not to speak much about, that I do not qualify is because I have removed myself from their jurisdiction. 
In other words, you have to be a "U.S. citizen" who utilizes a SSN (Social Slave/Security Number).  
I am a stranger in my own land and surrounded by enemies constantly.  
Even "patriots" claiming to be for America are unwittingly enemies of the de jure government. 
Trump said "We will never be a socialist country", yet America already is and has been.  
What we are not, though moving closer to being, is a communist country.  

The stimulus...  is nothing more than feeding the mice more poisoned cheese.  
Sure, it seems to cure the hunger for the moment, but is nothing but a death trap. 

I was saying it more in terms for silver price to pump up, aha. 

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I've been selling stacking silverforthe last couple of months and going for other silver and thankfully they didn't go the same way, I fact 9ne particular group of investments has seen a 40% to 100% rise in days if not hours in some cases..cant share right now or it might go away but its been good so far.

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Silver really ripping higher - BIS options settled at the end of last week and as predicted price in the metals has taken off.
The market is pricing in a Biden win - MASSIVE money printing and as a result the USD getting DESTROYED.
So what do you do? - swap out confetti for real money.

 

Edited by sixgun

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

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13 minutes ago, sixgun said:

Silver really ripping higher - BIS options settled at the end of last week and as predicted price in the metals has taken off.
The market is pricing in a Biden win - MASSIVE money printing and as a result the USD getting DESTROYED.
So what do you do? - swap out confetti for real money.

 

Certainly, I think the biden win will bring the stimulus checks after all him an Pelosi are boys. 

 

The Democrats. 

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4 hours ago, sixgun said:

Silver really ripping higher - BIS options settled at the end of last week and as predicted price in the metals has taken off.
The market is pricing in a Biden win - MASSIVE money printing and as a result the USD getting DESTROYED.
So what do you do? - swap out confetti for real money.

It's not money printing in the US, the government sells bonds to the private market - commercial banks etc

Fed purchase those bonds from the private market but they don't exchange it for straight dollars they credit an account held at the fed that can't be withdrawn from, it does go towards a banks reserves but they can't spend it

If Biden wins doesn't it also depend who has control of the senate? - https://www.bbc.co.uk/news/election-us-2020-54804080

Is the USD getting destroyed? the DXY is still well above where it was in 2018

dxydestroyed.thumb.png.bffe38e8c8feb10b12ca656746fe78d3.png

 

Edited by Kman

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

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$trillions are being pushed into the system. This isn't QE a la 2008, credits staying on bank balance sheets - this is going out into Main Street.

"US Senate passes 2.2 trillion dollar aid package as world fights coronavirus" By AP Reporters 26/03/2020

"Stimulus Update: White House Offer Details Emerge, $1.6 Trillion Stimulus Package With $1,200 Stimulus Checks, $400 Unemployment Benefits, $250 Billion State/Local Aid" Forbes Oct 1, 2020

i pulled these off the top of the search results - there is a lot of cash going out into the system. If is only the low money velocity that is keeping a lid on it. Irrespective of that, it is going to destroy the value of fiat - it is happening in many parts of the world. 

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

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16 hours ago, sixgun said:

The market is pricing in a Biden win - MASSIVE money printing and as a result the USD getting DESTROYED.

Not that simple. Market is pricing in gridlocked Washington, because then only stimulus is monetary (Fed QE). BUT, if Democrat Senators swing Georgia via two runoff elections, they win the senate and unlock fiscal stimulus, that will send yields up and silver down (inversely correlated).

Edited by swanky
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19 minutes ago, swanky said:

Not that simple. Market is pricing in gridlocked Washington, because then only stimulus is monetary (Fed QE). BUT, if Democrat Senators swing Georgia via two runoff elections, they win the senate and unlock fiscal stimulus, that will send yields up and silver down (inversely correlated).

Biden wants to put out 500 million of solar panels in his Green New Deal. They use 2/3 oz silver each - that would be 10 000 tonnes on that alone. i doubt it will ever happen but the threat will force others to go on the buy. Now another major bank is on the buy as well as JP Morgan. China is on the buy. 
This goose is cooked at this point whoever is in power. The Dems will sink the ship quicker with the Squad and Harris at the wheel - i see silver back to $50 next year and up from there.
Higher yields will blow up the financial system. Trillions upon trillions of debt - imagine it. Everything points to much higher precious metals.  i have ramped up my pure weight silver buying in the last few weeks - i don't say silver is going much higher for that reason - i got more silver b/c it is going much higher.

Always cast your vote - Spoil your ballot slip. Put 'Spoilt Ballot - I do not consent.' These votes are counted. If you do not do this you are consenting to the tyranny. None of them are fit for purpose. 
A tyranny relies on propaganda and force. Once the propaganda fails all that's left is force.

COVID-19 is a cover story for the collapsing economy. Green Energy isn't Green and it isn't Renewable.

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  • 1 month later...
2 hours ago, RedDragon77 said:

Attempting another Mad dash to $25!

PMs seemed be going up in anticipation of the Fed meeting 

They just released a statement that said business as usual really, same amount of QE, aim for 2% inflation etc

I guess gold and silver were hoping for something different because they're falling back a bit now 

 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

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  • 4 weeks later...

This is my current broad view silver chart

Drew in the blue line then replicated it

silverchart.thumb.jpg.1b30932b3b68338d00e88d4efe9a68b2.jpg

 

Over the past few months the highlighted area has been a good spot to buy which is about a $1 window, currently $23-24, will it stay like that no idea

silverhighlight.thumb.jpg.adb3f1b433dd055c5beb6ae7931786f7.jpg

 

And other than that these two lines have come into play

silverplay.thumb.jpg.410655776c67d3244ced4ad11ffdec99.jpg

 

Help thread for members new to silver/gold stacking/collecting

The Money Printing Myth the Fed can't and don't money print - Deflation ahead, not inflation 

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  • 2 weeks later...

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