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today is the biggest up day in silver I ever remember
kitco ^

Posted on 05/17/2024 11:30:10 AM PDT by algore

silver is up $1.75 today so far


TOPICS: Agriculture; Education; Hobbies; Society
KEYWORDS: ag; gold; illiterate; silver; silverprice
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1 posted on 05/17/2024 11:30:10 AM PDT by algore
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To: algore

That 50 Cal ammo can full of pre-’64 quarters is looking pretty strong. If I could only remember where the canoe flipped!


2 posted on 05/17/2024 11:33:25 AM PDT by pingman (It's a Clown World, and we're paying for it.)
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To: pingman

lake tippecanoe?


3 posted on 05/17/2024 11:35:44 AM PDT by algore
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To: pingman

That investment in silver at $18 per ounce for one-ounce rounds may yet pay off...


4 posted on 05/17/2024 11:39:40 AM PDT by alloysteel (Most people slog through life without ever knowing the wonders of true insanity.)
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To: algore

31 Bucks an Ounce?
.
Local buyer goes 18——yeah, Right!


5 posted on 05/17/2024 11:40:40 AM PDT by Big Red Badger (ALL Things Will be Revealed !)
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To: algore

Silver seems to do fantastic one year out of every fifteen. The rest of the time its awful

the time to buy silver is when it is absolutely hated


6 posted on 05/17/2024 11:41:51 AM PDT by PGR88
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To: algore

... in Tyler too!


7 posted on 05/17/2024 11:42:23 AM PDT by pingman (It's a Clown World, and we're paying for it.)
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To: algore

Hunt Brothers back?....................


8 posted on 05/17/2024 11:44:57 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: algore

Spot silver went to almost $50.00 oz. in the 80’s when the Hunt Brothers tried to corner the silver market...

The market went from $14.00 to $49.xxin a matter of weeks.

I was trading corn and soybean futures at the time — there was one trader who shorted 3 silver contracts and was badly behind...then the market locked ‘limit up’ for multiple days with ‘extended limits’ — his buy order (remember he had already sold silver) had been in for days. It cleared at limit up, then the next tick was limit down.

Your memory is just not long enough.

BTW the guy had to sell his rental duplex to settle up...

Commodities are not of the faint hearted.


9 posted on 05/17/2024 11:45:20 AM PDT by BBB333 (The Power Of Trump Compels You!)
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To: BBB333

My y2k buy was at $5


10 posted on 05/17/2024 11:47:49 AM PDT by George from New England (escaped CT back in 2006)
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To: algore

Gold is up up up so folks are probably turning to a more affordable precious metal.


11 posted on 05/17/2024 11:50:41 AM PDT by CaptainK ("If life's really hard, at least its short"p)
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To: BBB333

I followed Harry Browne and was able to buy a new car with the silver dimes I had purchased.


12 posted on 05/17/2024 11:51:30 AM PDT by Pirate Ragnar
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To: algore

we’ve been foretold that silver is going to $500 or more....then I’ll rejoice..


13 posted on 05/17/2024 11:52:29 AM PDT by cherry
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To: PGR88

I’ve come to believe that...


14 posted on 05/17/2024 11:53:11 AM PDT by cherry
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To: PGR88

Yeah, I filled that ammo can at about $14/oz long ago, knowing it was an insurance policy, at best, should things go sideways and unravel. And here we are today. Time to don the wetsuit and snorkel! Until now, it’s made a great lil’ mooring anchor.


15 posted on 05/17/2024 11:54:29 AM PDT by pingman (It's a Clown World, and we're paying for it.)
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To: PGR88

Didn’t buy it as an active investment, I bought it (many years ago) for when SHTF.

This price increase is making it very tempting to sell some off.


16 posted on 05/17/2024 11:55:17 AM PDT by azsportsterman
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To: algore

Mirroring Au


17 posted on 05/17/2024 12:03:53 PM PDT by Ken Regis (I concur )
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To: azsportsterman
This price increase is making it very tempting to sell some off.

Silver is in a long-term supply deficit, made worse by government mandates to promote solar energy and lack of investment in mines. Copper, which produces a lot of secondary silver, is in the same position.

Silver has just started to break out. I can only speak to my own case, but I am holding out for much higher prices ($70-$100 oz)

18 posted on 05/17/2024 12:07:01 PM PDT by PGR88
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To: BBB333

Is it correct to say that the Hunt brothers “tried” to corner the silver market? Yes, they did try, and they did, is what I’ve read. The gubbmint changed the rules though, and wiped them out.

One thing i always hear is people talking about “investing” in gold. It is speculation, not investing. Currency speculation. Gold trades on the currency desk, doesn’t it?

It’s a bet against the dollar, basically. That’s always been a tough row to hoe, until recently.


19 posted on 05/17/2024 12:17:18 PM PDT by Freedom4US
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To: caww; Cleebie Grums; CFW; CPT Clay; Diana in Wisconsin; dynachrome; EvilCapitalist; gnarledmaw; ...

If YOU would like to be on a Gold & Silver PING LIST, please pm me.

The Gold & Silver Ping List covers the following:

Everything Gold & Silver
Stock market investments in mining companies,
etc.

20 posted on 05/17/2024 12:32:50 PM PDT by aMorePerfectUnion
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