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Thread: Here we go again and again and again

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  1. #1
    Join Date
    Nov 2017
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    Default Here we go again and again and again

    I have been following the silver market since 2001, and nothing seems to change. Ted Butler and David Morgan and others have kept telling us that there is an annual silver deficit or soon to be one. Silver will explode they say, but it never seems to happen. The price has gone from 4.50 back then to over twenty five an ounce now which isn't too bad, but we were promised so much more.


    https://www.kitco.com/news/2023-04-1...te-report.html

  2. #2

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    Quote Originally Posted by aberdeen View Post
    I have been following the silver market since 2001, and nothing seems to change. Ted Butler and David Morgan and others have kept telling us that there is an annual silver deficit or soon to be one. Silver will explode they say, but it never seems to happen. The price has gone from 4.50 back then to over twenty five an ounce now which isn't too bad, but we were promised so much more.


    https://www.kitco.com/news/2023-04-1...te-report.html
    you've been here 6 years..... patience grasshopper!

  3. #3

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    $25 is the new $50

  4. #4
    Join Date
    Jan 2010
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    13,314

    Lightbulb

    Quote Originally Posted by rwh63 View Post
    $25 is the new $50
    Actually, 25 is the old 12.50. If we cash in our Maples, for goods, I'm right back at where I bought them in purchasing power. I preserved my 2009 purchasing power but I don't feel so great about it vs if I had invested in equities.
    Who are the righteous? ....Markpti

    What value did Burisma think to gain by hiring Hunter Biden as a Board member vs ALL other choices?

    Those who cannot articulate the other argument do not fully understand their own argument.

    "Much can be done by wise legislation and by resolute enforcement of the law. But still much more must be done
    by steady training of the individual - in conscience and character...." .......T. Roosevelt

  5. #5

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    Quote Originally Posted by maxwellsilverhammer View Post
    you've been here 6 years..... patience grasshopper!
    Even a stopped clock is right twice a day. Some of those x-perts are correct less often than that.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  6. #6
    Join Date
    Nov 2017
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    391

    Default

    Quote Originally Posted by maxwellsilverhammer View Post
    you've been here 6 years..... patience grasshopper!


    I said that I have been following the silver market for twenty two years.

  7. #7

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    The shortage of Ag that the gurus seem to tout is all in their heads, IMHO. What I've seen it that production lags demand and really lags when POS is too low for mines to produce more ounces. There's "natural" cycles in production, or mining activity, based upon the stock market FOMO when POS starts to move and money pores into the production side of production. When supply is met and then some the cycle repeats. I also believe that banks and other predators pray on the silver market with massive shorting. They like to churn POS to make a killing as often as possible and eat the retail customers lunch as often as possible. Best to learn to pace yourself and go all in only when the cycle is allowed to peak once every 6-8 years.
    American Legion Preamble: https://www.legion.org/preamble

  8. #8

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    silver is a heartless temptress. expect more heartbreak. do you have another 22 years to give?

  9. #9

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    Quote Originally Posted by rwh63 View Post
    silver is a heartless temptress. expect more heartbreak. do you have another 22 years to give?
    Thankfully, no. The older I get, the more I look forward to death.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  10. #10

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    Quote Originally Posted by t00nces2 View Post
    Thankfully, no. The older I get, the more I look forward to death.
    woah there toonces2. that is a pretty startling statement to make. i know i am older than you are and we both have had a physical work background and s hit seems to get hard now and then but dang buddy. we live in the sunshine state and close to the gulf so lets keep celebrating life - what do you say?

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