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What do resistance and trillions upon trillion possibly quadrillions have in common? Nothing, that line shouldn’t even exist.
its a chart….the line exists because of millions of traders creating the chart pattern
The price is not what YOU think it SHOULD be
It is the amount the asset is trading for at the moment.
This site is all about TA not opinion.
The TA says there is resistance here.
There are lots of sites where people want to group think thier opinion
This is not one of them.
And another thing….the Fed is creating Quadrillions Because Quadrillions are being destroyed.
They are “trying” to keep up with the mass default and mass liquidation
For every dollar they create there may be 2 dollars evaporating .
It is not as simple as you think it should be.
Yes Fully, I know. And I am on record here at the tent praying that 1 oz rounds are given away in my happy meal. So…
And the price is not what YOU say it is trading for at the moment. If you get an ounce for the price of silver tonight show me the receipt and I will buy it for you. You have my word. Are we done here?
The paper gold price is what it says on this chart
1000s more people pay the “paper price” than play in the physical market
The physical market may be the “real” market for little guys who buy an ounce or two or even 100 ounces
Right now the coin dealers are playing a huge spread
maybe the are selling silver at 100% premiums BUT try to sell them some and they still pay less than spot !
I know because I did ask my dealer and that was his offer.
IF you buy silver at a 100% premium…trust me You will Never sell it at anywhere near that price for decades.
And just for good measure:
https://www.kitco.com/news/2020-03-23/Physical-silver-supply-squeeze-about-to-get-worse-warns-Keith-Neumeyer.html
I try to use emoticons as often as possible so as not to trigger anybody. Text is a crude form of communication 🙂 I should have “smiled” in my first reply.
My point is Aurum you are wasting energy bitching and moaning about the price of gold and Silver
YOU do not control it.
You are talking your book
At what price would you sell anyhow ?
I happen to think its dropping further and would like to unload
Tell You what…and this is a real offer
I will sell YOU 2,000 Silver Maple Leafs ( Mint condition)
for $20 US an ounce.
Where do you live…if its not too far I can drive them to you.
Seriously are you a buyer ?
Fully my local coins shop, quite decent size sells and buys at spot. I mentioned the other day that the other half of the business sells guns and clothing. I respect that they have always operated this way. I realize they mostly don’t and can’t.
Spot ?
So why are you not buying ALL of the silver they have
You can sell it for Double on ebay
or can you ?
Sometimes I think we should all hop on a conference call 🙂
Maybe someday in the near future when stocks put you where you want to be and covid19 is gone we could all have a meet up. I vote to visit the smallest pineapple plantation on Kauai. Here we come JS!
Kauai would be nice
We have a small Inn up here in Canada…where I have hosted Goldbug parties …circa 2004 to 2006.
It was a blast and I would like to do it again when we are all filthy stinking “rich”
http://tasteoffreedominn.com/
I would come there for a visit, in the summertime of coarse, anyone who wants to come visit me is welcome.
I would def road trip to Canada. I very much enjoyed the folks in Vancouver this past Summer when I attended the Sprott show.
I guess the line didn’t hold.
Hot knife, meet butter.