Silver slaming up 81.54,up 2.50 in half an hour.
(www.bullionvault.com)
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Moon! If I had a bunch of extra cash I’d buy some more!
It's a lot of fun after holding holding for years,
Yes, finally.
I got another bar when it dipped to $70oz on Jan 1st. It’s not much, but anything to put another thorn in the elites side.
Every bit counts.
82.60 still banging strait up.
Every 5000oz short contract is now over $17,000 more in the negative
$83.58!!! Almost to the Christmas high
I'm guessing at this point they are pumping it.
We usually get a slam on monday,but we keep stepping higher and higher.
I wonder how long it can keep going vertical like this. I don't like to chase performance so I've stopped buying, I'll buy stocks instead because they're now super cheap measured in ounces.
That's what I'm buying.
https://www.bullionvault.com/silver-price-chart.do
TD bank shorted silver @ $40 not to long ago. The lowest it could go based on charting is around $60. If it goes above $81 and holds like it just did it breaks a trend line and rockets higher. It's bumped its head at 77,78, and 81.
Also based on the price, silver miners are undervalued. SIL is just now at the level as 2011 when silver topped at $38.
I'm buying miners,they are very undervalued.
They were undervalued a year ago. My miners went up 138% last year, it's anyone's guess if they're still undervalued.
Their mining costs are around 20 dollers, so they have about 60 per ounce profit.
That's 3x increase. Compared with the profit per share of other companies,they are still way undervalued. IMAO.
If someone had a 1k oz stack it would be worth $2500 more dollars in 30 minutes! Not too shabby
I played with my calculator,while it was going up....
I almost never do that.