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Old 11-07-2019, 11:08 AM
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Ag Ask $17.28 Down $0.42 Gadzooks!
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Old 11-07-2019, 11:12 AM
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Ag Ask $17.28 Down $0.42 Gadzooks!


Just a reaction to money being drawn into equities which are hot right now.
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Old 11-07-2019, 11:30 AM
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I am looking for a buying opportunity
Do not know where the bottom is, but don't sleep on this opportunity
The cost to produce an ounce of silver is not far from market now
That will cause a disruption in supply which is already disrupted

Gold miners are pocketing $400 to $500, or more

The markets will fix this in spite of all the dirty and powerful influencers
Silver is a buy
Don't be duped into sleeping on whatever opportunity you see
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Old 11-07-2019, 02:22 PM
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I'm sure Jack's right. I'm going to stop watching though and go buy a fish tank with goldfish and watch that.
Wake me up when Ag's $25.
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Old 11-07-2019, 04:27 PM
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Originally Posted by Jack Swilling View Post

The cost to produce an ounce of silver is not far from market now.

Silver production cost is reported between 8 and 10 US dollars per oz.
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Old 11-07-2019, 05:12 PM
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Let's deal in fact

"Entering the new year, the world’s top silver companies averaged $10.56 in production costs per ounce of silver. But that could change. According to the Silver Institute, global silver production declined in 2016 and should again in 2017. For years now, investment experts and silver bugs warned the public that silver costs too much to mine and that the lack of mining profitability would mean much higher future prices.

The logic seems clear enough: silver mines operating profitably at $20 per ounce might not survive a drop in price to $15 or an increase in mining costs to $25 per ounce. When all of the easy silver gets mined or when demand for silver fluctuates, many mines may close and the world will face a shortage of silver producers. Rising prices follow."
https://www.americanbullion.com/what...-silver-today/

We need to get way into the 20s to make this thing work
At $17/18 it is too week to sustain
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Old 11-07-2019, 05:34 PM
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Originally Posted by Jack Swilling View Post
Let's deal in fact

"Entering the new year, the world’s top silver companies averaged $10.56 in production costs per ounce of silver. But that could change. According to the Silver Institute, global silver production declined in 2016 and should again in 2017. For years now, investment experts and silver bugs warned the public that silver costs too much to mine and that the lack of mining profitability would mean much higher future prices.

The logic seems clear enough: silver mines operating profitably at $20 per ounce might not survive a drop in price to $15 or an increase in mining costs to $25 per ounce. When all of the easy silver gets mined or when demand for silver fluctuates, many mines may close and the world will face a shortage of silver producers. Rising prices follow."
https://www.americanbullion.com/what...-silver-today/

We need to get way into the 20s to make this thing work
At $17/18 it is too week to sustain
From the same article above:

"A relatively small percentage of silver originates from traditional silver mines (approximately 25-33%, depending on the year). Nowadays, most of the world’s new silver comes from mines that focus on other metals. For example a zinc mine in Mexico may pull out 65% zinc, 25% silver, and 10% lead. Since this mine would categorize as a “zinc mine,” the silver production is referred to as “byproduct metal.” Most new silver is byproduct."

Where silver is a byproduct, there is the flexibility to allocate all production costs to the principal product and none to silver or to use some other method of allocation, GAAP does not address this. That is why most quotations of silver production costs give a range like $8 - $10 per oz. Regardless, in these price ranges the cost to produce silver has little effect on the price of silver which is governed by demand (since, as the price increases more silver flows into the market from large existing stocks).
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Old 11-08-2019, 01:01 PM
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At $18 plus I was going to hold until it hit $20 plus
Now,
I want it to go lower
Much lower
I want to buy
So I am looking for a bottom
No one knows what the bottom is
But keep tanking silver
I want more
This is an opportunity for me
$16.90 and sinking
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Old 11-08-2019, 01:05 PM
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Quote:
Originally Posted by Jack Swilling View Post
At $18 plus I was going to hold until it hit $20 plus
Now,
I want it to go lower
Much lower
I want to buy
So I am looking for a bottom
No one knows what the bottom is
But keep tanking silver
I want more
This is an opportunity for me
$16.90
I plan on buying at $10 if the premiums are reasonable.
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Old 11-08-2019, 01:10 PM
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I will be right there with you
I would be 100% all in at $10
Good luck with that
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Old 11-09-2019, 09:09 AM
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$16.40 appears to be the current low resistance expected before it takes to it's next leg up.

We will just have to see as the volatility continues in a downward fashion right now.
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Old 11-09-2019, 01:02 PM
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My guess is buyers have already purchased their industrial supply to meet needs for the rest of the year. Jan and Feb are always slow manufacturing months. I doubt we see a price bump until March. Just guessing in past general manufacturing experience which did not include PMs.
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Old 11-09-2019, 09:04 PM
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I think they’re investing in hemp.
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Old 11-10-2019, 09:45 AM
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Quote:
Originally Posted by sierra skier View Post
$16.40 appears to be the current low resistance expected before it takes to it's next leg up.
Yes, there seems to be some support there but it doesn't look like very much. If the stocks continue making new highs, silver could go through that support and there isn't any more significant support until the 15's.
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Old 11-12-2019, 02:06 PM
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We'll Have to Wait and See! ^^^
November 17, 2019 Newsletter
http://poleshift.ning.com/profiles/b...vember-17-2019

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Old 11-12-2019, 03:29 PM
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I could be wrong but I think the Fed sees that going to zero was a mistake.
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Old 11-14-2019, 02:11 PM
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This was an interesting and informative interview, though I may disagree on a couple of the points stated, he did provide a lot of "insider" perspective topics to think about!
Interview https://youtu.be/a5YrQH3Tk7U
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Old 11-14-2019, 04:01 PM
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Quote:
Originally Posted by MCVet View Post
This was an interesting and informative interview, though I may disagree on a couple of the points stated, he did provide a lot of "insider" perspective topics to think about!
Interview https://youtu.be/a5YrQH3Tk7U
If this guy is smart why isn't he rich?
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Old 11-15-2019, 07:50 AM
PalmettoTree PalmettoTree is offline
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Quote:
Originally Posted by MCVet View Post
This was an interesting and informative interview, though I may disagree on a couple of the points stated, he did provide a lot of "insider" perspective topics to think about!
Interview https://youtu.be/a5YrQH3Tk7U
I do not have 90 minutes to waste.
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Old 11-15-2019, 09:59 AM
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Originally Posted by PalmettoTree View Post
I do not have 90 minutes to waste.
Not much different then time spent on SB!
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