26 Comments
User's avatar
Richard Seager's avatar

This is the best write-up of silver that I've seen so far;

https://substack.com/home/post/p-182649463

Silver is up about 10% on its previous close. $8 or so in 24 hours. Now hovering around $79.00. It's going to go to $90 easily by January sometime, the question is when does it stop. The retreat could be just as violent.

Gas Axe's avatar

Silver is $120 on some streets ATM.

Richard Seager's avatar

I am trying to work out what is happening. I should have bought some physical silver yesterday and sold my ETPMAG but I suspect that I can still do that next week.

Gas Axe's avatar

Go to flea markets and salvation army stores. You might be able to find .925 at a good price in gawdy jewelry form.

Richard Seager's avatar

TBH I have quite a lot of .925 already. Having dealt in amber jewellery.

Gas Axe's avatar

Good to hear this Richard.

I was a Gold Smith once apon a time.

kitten seeking answers's avatar

the Hunt brothers silver bubble & what popped it,

https://vblgoldfix.substack.com/p/how-the-silver-rally-might-end

Richard Seager's avatar

This is 'his' channel, apparently he is AI generated.

https://www.youtube.com/@CurrencyArchive

The consensus though might be that is info is still good (i.e. the AI face is there to spread real research by humans)

kitten seeking answers's avatar

I was thinking his voice didn’t match/ sync with his lip movements

Stephen Simac's avatar

Merry Christmas and Happy New Year to you too. You guys are a day ahead of us, so party hearty. The New Year's Eve I flew back to the states from Bali-doubled up on me. Still didn't get kiss from the beautiful lady on the flight back, just conversation. We did get some complimentary champagne from the air stewards, because so few were awake.

Richard Seager's avatar

The same to you and yours, Stephen.

Tarn - mutual eye-rolling's avatar

Merry Christmas to you both, and the other friends on this substack.

Richard Seager's avatar

Same to you Tarn. Mine is a lonely one and may have some conflict involved in a few hours.

Tarn - mutual eye-rolling's avatar

Hoping for some resolution for you.

Richard Seager's avatar

It needs the removal of a sister from the split.

Amaterasu Solar's avatar

That is an insane article title! I would not read it, either. Joyous generic December holiday!

Lynn's avatar

What is the downside of Silver?

Greg C's avatar

I have taken the deep dive. You have waited too long to make huge profits, but there is still time to get in before it goes to over $100 next year. Or higher. Beginners should just grab "junk silver" ( pre-1965 dimes, quarters, and halfs) as a first step in getting real silver in your Hands. Zero Leverage is a must.

Lynn's avatar

The deep dive has been taken here, too. So, you think Silver will hit $100 next year.

No Silver certificates taken here.

Richard Seager's avatar

I have some ETPMAG (basically JP Morgan) in fact it's the main part of my investment right now. The reason is that my living arrangements are not set in stone but I might look at storage.

Greg C's avatar

Yes I do. I am well positioned. Still adding a bit even at these prices.

Richard Seager's avatar

That maybe there's a lot more silver around than most of the narrative makers on it let you know of. That the current price looks like it could possibly be driven by social media pumping. I have not done a deep dive into it though so don't take this as gospel.

Lynn's avatar

Thanks for the information. When you have time, can you take a deep dive into

Silver?

Kathleen Devanney. A human.'s avatar

On the vaccines, same logic as take a vaccine and save granny I guess. Wonder who believes this anymore. On silver - come on $120! There's always 'silver' linings during times of undoing.

Merry Christmas!

Richard Seager's avatar

There are a few people around here as we come into summer wearing masks. But only a few.