ECON Hey Gang! Silver is Over $21!
- Thread starter Sub-Zero
- Start date
Hfcomms
EN66iq
This Is NOT 2011!
Posted August 12th, 2020 at 11:19 AM (CST) by Bill Holter & filed under Bill Holter.
We received many e-mails and phone calls yesterday re the gold and silver trashing. First, this is not 2011 in any way shape or form. Back then, we were at the end of at least 2 1/2 years of very strong action coming off the 2008 GFC lows (or 10 years off the 2001 lows). Today we are less than 6 months off the lows. While physical demand was good in 2011, physical demand today is off the charts and stronger than ANY time in memory. In fact, Miles Franklin saw almost zero sells yesterday as the already very busy phone lines exploded with new buy orders!
Add to retail demand the fact that central banks bought nearly 20 tons of gold over the last 30 days. Understand, central banks do not buy gold to trade, it is an effort to shore up their shaky foundations because they know where the current financial lunacy leads to. Also, COMEX August deliveries look to be a barn burner! First notice day saw 143 tons standing which prior to this June was simply unprecedented. As of yesterday, that number has increased to slightly over 150 tons. Until about 18 months ago, standing amounts would always leak down into final delivery day, now each and every month sees queue jumping where the amount standing for delivery increases on a daily basis each and every month. Physical demand will mathematically overwhelm the available supply that paper exchanges can deliver, we are very close to this realization.
Yesterday’s action was kicked off with what I understand was a $4 billion paper order Monday night/Tuesday morning. We also have seen (and there have been many questions over the last week) the shares trade like crap for the last 10 days. This action in past years ALWAYS preceded raids on the metal prices. In other words, yesterday’s action was pre planned as so many past raids have been.
That said, we were certainly due a pullback from such overbought levels. We have been telling subscribers during our weekly calls to expect huge volatility that would only grow larger over time, it has certainly begun. Jim mentioned to me this morning that he is encouraged to see such high volatility so early in the move. Normally volatility does not rear such a large head until later in moves…but, this is gold and silver we are talking about where “unofficial” coordinated attacks occur. If you thought silver moving 7% higher several days in a row was volatility, just wait!
Many were looking for a pullback to make purchase or further purchase. You may have gotten the full correction yesterday or possibly more to come. In any case, this is the third, final and most exciting leg of the bull market in metals! Another way to say this is; the end and final meltdown in fiat currency is in sight. And with that, our advice as it has been for the last year or more is that this is the rally in gold and silver that should not be sold until a new currency comes forth that can be trusted. To be trusted of course will mean some sort of real backing and not just a promise the check is in the mail.
Stay calm and understand “why” you bought gold or silver in the first place. If you purchased to “make a profit” then good luck to you. If you bought to get out of the system (GOTS), then stay out of the system and move further capital to safety on this pullback if able. As for volatility, the last couple of weeks and yesterday are only the beginning tremors before the total eruption which also means the meltdown of fiat and credit. Please use your common sense and your own eyes to see credit (which is now 120 days late all over the world) is broken to the point it cannot be fixed. The explosion in global demand for metal is a direct result of big money understanding the only place to hide in a credit meltdown can only be where liability does not exist. There is ONLY one financial place in the world where liability does not exist, and you witnessed a coordinated effort to scare you away from it yesterday…!
Standing watch,
Bill Holter
Holter-Sinclair collaboration
This Is NOT 2011!
Posted August 12th, 2020 at 11:19 AM (CST) by Bill Holter & filed under Bill Holter.
We received many e-mails and phone calls yesterday re the gold and silver trashing. First, this is not 2011 in any way shape or form. Back then, we were at the end of at least 2 1/2 years of very strong action coming off the 2008 GFC lows (or 10 years off the 2001 lows). Today we are less than 6 months off the lows. While physical demand was good in 2011, physical demand today is off the charts and stronger than ANY time in memory. In fact, Miles Franklin saw almost zero sells yesterday as the already very busy phone lines exploded with new buy orders!
Add to retail demand the fact that central banks bought nearly 20 tons of gold over the last 30 days. Understand, central banks do not buy gold to trade, it is an effort to shore up their shaky foundations because they know where the current financial lunacy leads to. Also, COMEX August deliveries look to be a barn burner! First notice day saw 143 tons standing which prior to this June was simply unprecedented. As of yesterday, that number has increased to slightly over 150 tons. Until about 18 months ago, standing amounts would always leak down into final delivery day, now each and every month sees queue jumping where the amount standing for delivery increases on a daily basis each and every month. Physical demand will mathematically overwhelm the available supply that paper exchanges can deliver, we are very close to this realization.
Yesterday’s action was kicked off with what I understand was a $4 billion paper order Monday night/Tuesday morning. We also have seen (and there have been many questions over the last week) the shares trade like crap for the last 10 days. This action in past years ALWAYS preceded raids on the metal prices. In other words, yesterday’s action was pre planned as so many past raids have been.
That said, we were certainly due a pullback from such overbought levels. We have been telling subscribers during our weekly calls to expect huge volatility that would only grow larger over time, it has certainly begun. Jim mentioned to me this morning that he is encouraged to see such high volatility so early in the move. Normally volatility does not rear such a large head until later in moves…but, this is gold and silver we are talking about where “unofficial” coordinated attacks occur. If you thought silver moving 7% higher several days in a row was volatility, just wait!
Many were looking for a pullback to make purchase or further purchase. You may have gotten the full correction yesterday or possibly more to come. In any case, this is the third, final and most exciting leg of the bull market in metals! Another way to say this is; the end and final meltdown in fiat currency is in sight. And with that, our advice as it has been for the last year or more is that this is the rally in gold and silver that should not be sold until a new currency comes forth that can be trusted. To be trusted of course will mean some sort of real backing and not just a promise the check is in the mail.
Stay calm and understand “why” you bought gold or silver in the first place. If you purchased to “make a profit” then good luck to you. If you bought to get out of the system (GOTS), then stay out of the system and move further capital to safety on this pullback if able. As for volatility, the last couple of weeks and yesterday are only the beginning tremors before the total eruption which also means the meltdown of fiat and credit. Please use your common sense and your own eyes to see credit (which is now 120 days late all over the world) is broken to the point it cannot be fixed. The explosion in global demand for metal is a direct result of big money understanding the only place to hide in a credit meltdown can only be where liability does not exist. There is ONLY one financial place in the world where liability does not exist, and you witnessed a coordinated effort to scare you away from it yesterday…!
Standing watch,
Bill Holter
Holter-Sinclair collaboration
This Is NOT 2011!
Can I get an Amen brothers and sisters!
Saw more silver (coins, bars) for sale on Facebook Marketplace yesterday for $33.
Suzieq
Veteran Member
Live Silver Chart
Silver Price Today | Price of Silver Per Ounce | 24 Hour Spot Chart | KITCO
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Live Gold Chart
https:/www.kitco.com/charts/livegold.html
Silver Price Today | Price of Silver Per Ounce | 24 Hour Spot Chart | KITCO
------------------------------------------------------------
Live Gold Chart
https:/www.kitco.com/charts/livegold.html
Gold down 75 FRN$ now .....
Steel Chips
Veteran Member
I don't think silver will move above $50 until the dollar index drops down into the 80's. However, I am usually wrong so, DYODD.
Oops. Typographic error. I meant down into the 70's.
Oops. Typographic error. I meant down into the 70's.
Last edited:
Normallguy
"just a human bein'"
DYODD?
Do Your Own Damn Dishes?
Steel Chips
Veteran Member
As corrected above, I meant down into the 70's in the dollar index.
Normallguy
"just a human bein'"
You lost me at "your money".
Investments have always been beyond my reach.
Food and bills paid is good for me.
With what's going down there is no long term investments, that I can see.
Want expensive metal? Look at rhodium.
West
Senior
Just do it!
But not with rent money. Do it with your play, drink, herbs, lotto or vacation monies.
rob0126
Veteran Member
So then the question is, 1oz'ers or 90%'ers?
West
Senior
Mix it up. Try to only stack fine to extra fine 64 or older silver coinage.
Get at least one nice Morgan that's made in the 1800s in fine or better condition, it's truly a iconic coin, and feels great to hold.
Of note when I said mix it up, I mean buy what ever you want. Maple leafs are usually priced right and available. A few ASEs. Etc... get what you want.
I just need mine to go up enough to cover the down payment on a little piece of land.
Loretta Van Riet
Trying to hang out with the cool kids.
Why don't you start with something like this...
Buy 90% Silver Coins $1 Face Value Avg Circ | APMEX
90% Silver Coins $1 Face Value Avg Circ | Largest selection & fast free shipping on orders $199+.
I hate that the above is referred to as "junk silver". Nothing junky about 90% silver coins!
wvstuck
Only worry about what you can control!
9-Piece Silver Starter Kit
Pre-Made Portfolios are a quick and easy way to grab the mix of gold and silver coins and rounds we most recommend.
www.moneymetals.com
Nice set from Money Metals Exchange
Sicario
The Executor
Good selection and good prices at SD Bullion: Buy 90% Junk Silver Coins I Low Price Guarantee I SD Bullion
Bps1691
Veteran Member
Just to show how fast silver has blown up...Why don't you start with something like this...
Buy 90% Silver Coins $1 Face Value Avg Circ | APMEX
90% Silver Coins $1 Face Value Avg Circ | Largest selection & fast free shipping on orders $199+.www.apmex.com
I hate that the above is referred to as "junk silver". Nothing junky about 90% silver coins!
$26.50 for the $1.00 face junk silver at Apmex now
Last Dec purchase from my normal source (not Apmex)
| 1 oz American Silver Eagle | $17.72 |
| 90% Silver Dimes | $1 Face Value | $10.88 |
| 90% Silver US Franklin Halves | $1 Face Value | .715 Troy Ounces | $12.46 |
Haven't bought a lick since the prices started jumping. Won't buy any at these prices. Never have sold any either. It's always been just another insurance policy to me.
Mary Contrary
Inactive
I sold the last of my silver a month ago and got $28 an oz.
TxGal
Day by day
It was a good buy....a little here and a little there, dollar cost averaging.
I'd love to see it go lower, just another opportunity. Hard to market time anything.
DryCreek
Veteran Member
Indeed!
Plus, while there you can take a tour of the wonderful Shiner Brewery!
Mary Contrary
Inactive
I had to sell my silver Libertys - damn they were beautiful and clean in the container. I got $28 each for them. I had some others that were half oz and i got $20 each. All gone now, but it saved my life. If i ever get my hands on my exes 401k - which i am entitled to 16 yrs worth once divorced i AM buying more. It broke my heart to sell it. I saved it for 20 yrs. I sold my silver a month or so ago.
abby normal
insert appropriate adjective here
Glad you got a decent price for them. I have some I need to sell so I can get some dental work done, trying to wait for prices to bounce back
abby normal
insert appropriate adjective here
Metals making nice gains this week. Will silver break $30?
223shootersc
Veteran Member
The shiny stuff is fun to look at, at least it was before the boat accident.
It is what it was there for. Rainy days.
