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Thread: Gold is getting smacked and silver isn't far behind...

  1. #1

    Default Gold is getting smacked and silver isn't far behind...

    I'm sure it's Bush's fault.
    Plata O Plomo

  2. #2

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    Since silver isn't getting smacked as bad as gold, does that mean that maybe silver has found a bottom?

  3. #3

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    Silver is nowhere near a bottom. Plenty of downside to come

  4. #4

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    Smacked you say?
    "Compulsory altruism is none too altruistic." - me

    "All of us necessarily hold many casual opinions that are ludicrously wrong simply because life is far too short for us to think through even a small fraction of the topics that we come across." -- Julian Simon

  5. #5

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    Quote Originally Posted by Kingsilver View Post
    Since silver isn't getting smacked as bad as gold, does that mean that maybe silver has found a bottom?
    No, it means that the $2.7 Billion (yes billion) worth of futures contracts that were dumped into the market originated on Gold Futures. Silver just tagged along for the ride...as did platinum.

  6. #6

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    It's amazing how so little can control so much.
    Plata O Plomo

  7. #7
    Join Date
    Sep 2012
    Posts
    7,257

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    Quote Originally Posted by Atlas Shrugged View Post
    No, it means that the $2.7 Billion (yes billion) worth of futures contracts that were dumped into the market originated on Gold Futures. Silver just tagged along for the ride...as did platinum.
    Yea, no signs of desperation here ..
    All's normal Alice ... in the Land of Wonderland, that is.

  8. #8
    Join Date
    Jul 2015
    Posts
    8

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    Quote Originally Posted by KILOFINAL7 View Post
    Silver is nowhere near a bottom. Plenty of downside to come
    On another thread I saw that someone said the mining cost of silver was around $12/oz. If that is true how can it go much lower than that?

  9. #9

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    Quote Originally Posted by JoJoBlazini View Post
    On another thread I saw that someone said the mining cost of silver was around $12/oz. If that is true how can it go much lower than that?
    production cost has nothing to do with the price of paper... or electrons.
    Last edited by windweaver77; 07-19-2015 at 10:27 PM.
    "Compulsory altruism is none too altruistic." - me

    "All of us necessarily hold many casual opinions that are ludicrously wrong simply because life is far too short for us to think through even a small fraction of the topics that we come across." -- Julian Simon

  10. #10

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    Quote Originally Posted by JoJoBlazini View Post
    On another thread I saw that someone said the mining cost of silver was around $12/oz. If that is true how can it go much lower than that?
    lol...Waterworld...paper, it's paper!!!

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