View Full Version : Long Position on Silver and Gold?
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Great-Kazoo
04-25-2015, 21:12
Yeah I've been getting a lot lately. Picked up 40 more the other day
Any place particular besides ebay
patrick0685
04-25-2015, 21:41
Any place particular besides ebay
comparesilverprices.com check them out right now its saying silver.com has silver at a 5.77% premium for generic 1oz
Any place particular besides ebay
Just ebay lately. Takes credit card with no fees and free shipping, easily the best deal out there.
patrick0685
04-27-2015, 09:31
everything is moving up today
I've seen gold fall like that but not climb - interesting. Oil is climbing steadily too, I think we'll see $3+ per gallon by Memorial Day.
JP Morgan Chase has been buying alot of silver lately, millions of ounces. Gee I wonder why this activity hasn't been reported in the mainstream financial press.
http://www.shtfplan.com/headline-news/report-jp-morgan-chase-prepares-for-crisis-by-stockpiling-silver-an-exceptionally-large-amount_04242015
hollohas
04-27-2015, 10:06
At the same time Chase is buying silver, they are instructing customers that cash and coins will no longer be allowed to be stored in Chase safe deposit boxes. Hum.
sellersm
04-27-2015, 10:08
Good prices right now on eBay! Picked up a bit more
Who's the eBay seller that you buy from? I don't trust eBay sellers, for the most part...
sellersm
04-27-2015, 11:12
Chase is saying goodbye to this promise (click image to get bigger pic):
57649
Glad I bought some GE's on friday.
Who's the eBay seller that you buy from? I don't trust eBay sellers, for the most part...
Both Modern Coin Mart (mcm) and APMEX have been good for me.
I buy from Provident. I like the Electronic Check option, rather than mailing one in. Who uses checks anyways?
They hooked me up when the post office lost my shipment, and then again when I received the lost shipment 6 months later. (gave me my original purchase price/oz for being honest)
Wow, they made out well on that deal, probably got insurance $$ for lost shipment!
They probably did. It was signature required. The postal carrier puut a pink card on my door. I went to the post office several times and they couldn't find it. Submitted claim with provident, they shipped a new one right away. 6 months later I got my original shipment.
I didn't wanna get investigated by the insurance people (it is probably okay for postal employees to steal, but the moment someone else does it they will get hemmed up) so I called provident and offered to pay for the extra coins. I told them I already have them so no sense in sending them back.
Well I'm curious where PMs go from here. Pretty substantial jump and folks are estimating oil and PMs to continue the climb. I really like buying Eagles for under $20 each.
Very short term PMs are up this morning.
I've been watching these markets for a few years now. The only prediction that I can make is that when FedRes/FedGov start the next QE program the fiat paper markets will go up dramatically.
West Texas Intermediate is up to nearly $60 a barrel from $45 a little while back. Brent is over $66.
http://www.wsj.com/articles/saudi-arabias-king-salman-replaces-crown-prince-foreign-minister-1430278377
Other markets are essentially flat.
sellersm
04-29-2015, 11:51
FYI: Apmex has a deal today on eBay: 2015 1 oz Silver American Eagle BU (Lot of 5) - SKU #87832 for only $97.30, free shipping.
FYI: Apmex has a deal today on eBay: 2015 1 oz Silver American Eagle BU (Lot of 5) - SKU #87832 for only $97.30, free shipping.
Sweet! Thanks! I had some ebay bucks to use anyways.
PMs getting hammered again today. Oil is up. Fiat is flat.
HoneyBadger
04-30-2015, 10:51
PMs getting hammered again today. Oil is up. Fiat is flat.
Natural gas (UGAZ) jumped up 20% today!
Natural gas (UGAZ) jumped up 20% today!
Swell. http://247wallst.com/energy-economy/2015/04/30/natural-gas-price-jumps-on-smaller-storage-addition/
http://www.wallstreetdaily.com/2015/04/30/natural-gas-prices-futures/
And silver is down .53 as of now. Gold is down $23
Rooskibar03
04-30-2015, 13:03
And silver is down .53 as of now. Gold is down $23
Insert long list of obscenities here.
BlasterBob
04-30-2015, 14:34
Insert long list of obscenities here.
A lot of cussing going on here too. I traded some nice guns just a few years ago for silver but the nasty thing is that silver was at $34 at that time.
Bad timing I'd say.
A lot of cussing going on here too. I traded some nice guns just a few years ago for silver but the nasty thing is that silver was at $34 at that time.
Bad timing I'd say.
Unless you sold at $45
I bought the crap outta 2014 silver below $20 when everyone said to.
Aloha_Shooter
04-30-2015, 15:07
FYI: Apmex has a deal today on eBay: 2015 1 oz Silver American Eagle BU (Lot of 5) - SKU #87832 for only $97.30, free shipping.
Thanks for the heads up ... now down to $94.50 for lot of 5.
PMs rebounded a little bit this afternoon but they were still down, paper was down too.
Aloha_Shooter
05-01-2015, 06:55
1 oz. Gold Bar - Perth Mint - 99.99 Fine in Assayfor $1183.54 and free shipping -- that's just $10 over spot. http://www.ebay.com/itm/1-oz-Gold-Bar-Perth-Mint-99-99-Fine-in-Assay/371274281202?pt=LH_DefaultDomain_0&hash=item5671abf0f2
(http://www.ebay.com/itm/1-oz-Gold-Bar-Perth-Mint-99-99-Fine-in-Assay/371274281202?pt=LH_DefaultDomain_0&hash=item5671abf0f2)
Great-Kazoo
05-01-2015, 08:05
1 oz. Gold Bar - Perth Mint - 99.99 Fine in Assay
for $1183.54 and free shipping -- that's just $10 over spot. http://www.ebay.com/itm/1-oz-Gold-Bar-Perth-Mint-99-99-Fine-in-Assay/371274281202?pt=LH_DefaultDomain_0&hash=item5671abf0f2
(http://www.ebay.com/itm/1-oz-Gold-Bar-Perth-Mint-99-99-Fine-in-Assay/371274281202?pt=LH_DefaultDomain_0&hash=item5671abf0f2)
That's a little more than we sold ours at 40 years ago.
Aloha_Shooter
05-01-2015, 18:29
That's a little more than we sold ours at 40 years ago.
40 years ago, I could buy a comic book for 15-25 cents and going to a movie was like $2-2.50. Of course, coach airfare to Hawaii was about $2000 but coach then was like domestic first class today ... maybe better ...
kidicarus13
05-01-2015, 18:34
Looks like it's up to $1246.90 now
Natural gas (UGAZ) jumped up 20% today!
congrats!
Give u a huge props for still long on nat gas etf (or variants).
Aloha_Shooter
05-03-2015, 01:31
http://www.ebay.com/itm/SPECIAL-PRICE-2015-1-oz-Silver-American-Eagle-BU-Lot-Roll-Tube-of-20/141528111687?pt=LH_DefaultDomain_0&hash=item20f3bb9a47
SPECIAL PRICE! 2015 1 oz Silver American Eagle BU (Lot, Roll, Tube of 20) $373.40Offer is good for one more day
Great-Kazoo
05-03-2015, 08:22
40 years ago, I could buy a comic book for 15-25 cents and going to a movie was like $2-2.50. Of course, coach airfare to Hawaii was about $2000 but coach then was like domestic first class today ... maybe better ...
One could also smoke on the plane as well as carry a weapon. You could also call the airline monday morning and be in the air that evening w/out being told "Sorry you need at least 7-14 days notice to receive that fare"
But anyway. PM's will seesaw for the next few weeks before settling down. Unless.........................
WTI is over $60 a barrel :) Brent is approaching $70. PMs are up little this morning.
http://www.bloomberg.com/energy/
^ I deserve not to make decent $ on Crude. I was suppose to get in more at 46, but I snoozed. :(
I might have to do catch up with UWTI (3x) from $60 to 69.
^ I deserve not to make decent $ on Crude. I was suppose to get in more at 46, but I snoozed. :(
I might have to do catch up with UWTI (3x) from $60 to 69.
You deserve to make as much as you can, but then I'm an evil capitalist.
Do you buy oil futures?
I am seriously thinking about getting INVERSE crude oil ETF, and go LONG ETF afterward.
I seriously enjoying the gas price right now.
You deserve to make as much as you can, but then I'm an evil capitalist.
Do you buy oil futures?
I had mix of DWTI and SCO a while back to high 40s, but I put very fraction on USO afterward. I think the US oil inventory and Saudi pumpwad spooked me a little to go in (long) more. At least when I dispose the gain, I can go to Taco Bell. [LOL]
I had mix of DWTI and SCO a while back to high 40s, but I put very fraction on USO afterward. I think the US oil inventory and Saudi pumpwad spooked me a little to go in (long) more. At least when I dispose the gain, I can go to Taco Bell. [LOL]
Is this what you're talking about --> http://finance.yahoo.com/q?s=DWTI and http://finance.yahoo.com/q?s=SCO and http://finance.yahoo.com/q?s=USO - The first two are down today but that only matters if you're in short. LOL Taco Smell [Beer]
PMs are up just a touch this morning.
ChunkyMonkey
05-06-2015, 08:28
Gold and silver is otw down within the next few Fed Res meetings.
I haven't been in stock market close to 20 years.. But buying heavily into chevron bp etc
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Is this what you're talking about --> http://finance.yahoo.com/q?s=DWTI and http://finance.yahoo.com/q?s=SCO and http://finance.yahoo.com/q?s=USO - The first two are down today but that only matters if you're in short. LOL Taco Smell [Beer]
PMs are up just a touch this morning.
Those are it. Got out of being short when oil was around high 40s. Thinking about UWTI and USO (going long) soon.
Thinking about getting some cheap TWTR CALLs, when share price hit about 34ish.
Jumping up today.
Gold up almost 2% and over $1215, silver up over 4% and at $17.15. WTI is over $61, Brent is almost to $68.
My prediction of $3 per gallon regular gas by Memorial Day still holds.
patrick0685
05-13-2015, 11:31
already $3 plus here in Vegas
Aloha_Shooter
05-13-2015, 17:04
$4.15 / gal for 87 octane in LA.
HoneyBadger
05-13-2015, 19:46
congrats!
Give u a huge props for still long on nat gas etf (or variants).
Yeah... I'm still down just a bit on average but I doubled down 4 times (bigger each time... which is probably the worst thing I could do with my extra money right now) as it kept going down from $10, so if it gets back to $3, I'll be out of the red. Its been a rough ride, but if it gets back to $10, I'll cash out with about $20K in my pocket. :)
Metals are taking a bit of a digger this morning.
ECB announces an increase in QE...you konw....because it has worked so well....for soft asset people anyway. I'm not one of those soft asset people because I believe in hard assets like gold, silver, ammunition and rifles that use that ammunition.
http://www.ft.com/home/us
The euro came under heavy pressure and equity prices rose sharply on Tuesday after the European Central Bank pledged to increase its monetary stimulus in May and June.
The ECB QE is driving people towards the dollar so the dollar is up to 1.2058 while the Euro and British Pound are down.
http://finviz.com/forex.ashx
I could not find anything recent on Japan's QE program except that they're still running along.
Oil is down this morning, so that is good in some respects, not so good for companies that financed operations using the $100 a barrel price.
Ticking upward. :)
ETA - pretty slow day overall. We have a holiday coming up so maybe that's why.
Still waiting for petro to go down , so that I have a lower price point entry.
sellersm
05-20-2015, 17:02
Greece to default on June 5: http://theeconomiccollapseblog.com/archives/greece-says-that-it-will-default-on-june-5th-and-moodys-warns-of-a-deposit-freeze
Yah, that Greece thing is interesting. The Greek government has no intention to pay anything back, they just keep asking for more. Remind you of anyone?
sellersm
05-20-2015, 17:52
Yah, that Greece thing is interesting. The Greek government has no intention to pay anything back, they just keep asking for more. Remind you of anyone?
I believe it's called "foreshadowing"! Be prepared...
I believe it's called "foreshadowing"! Be prepared...
You got that right.
Oil is creeping down a little bit :)
I'm going to go out on a limb and reveal my shallow knowledge of the investing world but in a thread about "long" positions in a given commodity, why the ever-living-intercourse are we so concerned with the DAILY fluctuation of things?
Good question, now I have to ponder it. Thanks pal. :)
My quick answer is because I enjoy watching the ebb and flow, like the ECB statement about QE the other day, that caused some ripples, some day statements like that will cause waves and I want to watch it happen.
Good question, now I have to ponder it. Thanks pal. :)
My quick answer is because I enjoy watching the ebb and flow, like the ECB statement about QE the other day, that caused some ripples, some day statements like that will cause waves and I want to watch it happen.
I had to shift a significant (to me) amount of coin today. My focus is what might occur in the next 5-20 years and that probably won't be affected by what happens a week from this coming Thursday. I guess my wee little perspective of what is 'long' may be misguided.
Your definition of long is correct but with the advent of QE and debt being treated as an asset (mortgage based securities) your definition no longer applies.
Nowadays long would be defined as the time period between the start of QE and the end of QE, meaning you buy prior to the announced beginning of QE and you realize your profits about a month prior to the announced end of QE.
sellersm
05-21-2015, 10:29
I'd strongly suggest keeping an eye on the imminent horizon: between now and July 20 (date of supposed huge cyber-attack on banks)!! Be ready folks, something's coming and it isn't good... Mark my words. A year from now things will be different.
This story?
http://www.usatoday.com/story/money/business/2015/02/25/lawsky-goldman-sachs-banks/23995979/
Ben Lawsky, head of New York's Department of Financial Services (DFS), said he fears a large enough hack on Wall Street firms could "spill over into the broader economy" — not unlike the mortgage meltdown of 2008.
"We are concerned that within the next decade, or perhaps sooner, we will experience an Armageddon-type cyber event that causes a significant disruption in the financial system for a period of time," Lawsky said Wednesday in a speech at Columbia Law School.
I'd strongly suggest keeping an eye on the imminent horizon: between now and July 20 (date of supposed huge cyber-attack on banks)!! Be ready folks, something's coming and it isn't good... Mark my words. A year from now things will be different.
Link?
kidicarus13
05-21-2015, 12:10
This story?
http://www.usatoday.com/story/money/business/2015/02/25/lawsky-goldman-sachs-banks/23995979/
Maybe he's just drumming up business for his new venture...
It has been a grim few years for the banks that Benjamin M. Lawsky regulates. He threatened to pull their licenses, fined them hundreds of millions of dollars and forced dozens of their employees to resign.
Now, much to Wall Street’s delight, the New York State regulator will be leaving government to start his own legal and consulting firm.
http://www.nytimes.com/2015/05/21/business/dealbook/benjamin-lawsky-to-step-down-as-new-yorks-top-financial-regulator.html?_r=0
sellersm
05-21-2015, 14:58
I have no interest in this company, but have heard interviews with the founder and it's a very intriguing idea! If I still had a 401K plan, I'd be doing this...
http://www.survival401k.com/home.html
Watching the market daily is a good idea for people wanting to enter the market for the first time probably; or those looking to buy more at wise times.
kidicarus13
05-21-2015, 15:31
Watching the market daily is a good idea for people wanting to enter the market for the first time probably; or those looking to buy more at wise times.
Don't try to time the market. Dollar-cost-averaging is the way to go for long term investing (good eye roberth)
Don't try to time the market. Dollar-cost-averaging is the way to go for long term investmenting.
Exactly, if you want to get in...get in, don't screw around.
I like the new word - investmenting
http://www.zerohedge.com/news/2015-06-01/kyle-bass-was-right-texas-create-own-bullion-depository-repatriate-1-billion-gold
Kyle Bass Was Right: Texas To Create Own Bullion Depository, Repatriate $1 Billion Of Gold
Most investors have heard Kyle Bass' rather eloquent phrase, "buying gold is just buying a put against the idiocy of the political cycle. It's that simple." However, what few may remember was his warnings in 2011, suggesting the University of Texas Investment Management Co. take delivery of its gold - as opposed to trusting it in the 'safe' hands of COMEX massively levered paper warehouse. Now, as The Star Telegram reports, Texas is going one step further with State Rep. Giovanni Capriglione asking the Legislature to create a Texas Bullion Depository, where Texas could store its gold. The goal is to create a secure facility that would allow the state to bring home more than $1 billion in gold bars that are owned by UTIMCO and are now housed at HSBC in New York.
Go Texas!! Smart!
http://www.khou.com/story/news/local/texas/2015/05/31/a-gold-rush-in-texas-texas-bullion-depository-could-become-reality/28256929/
"We are not talking Fort Knox," Capriglione said. "But when I first announced this, I got so many emails and phone calls from people literally all over the world who said they want to store their gold … in a Texas depository.
Do you think there will be an amnesty period when Texas secedes from the Union, or should I sell the house now?
Great-Kazoo
06-01-2015, 22:35
Do you think there will be an amnesty period when Texas secedes from the Union, or should I sell the house now?
Tejas is the last place we'd move to. While the media plays up Tx Open carry and other R sponsored ideas. BEHIND THE SCENES the D's are getting ready to do to TX what they did to CO. ONLY There the amnesty program will give D's an overwhelming voting block. Huston, Austin, El Paso even Big D will pull more left than they already are.
Here it's dope smokers who have tilted the scales more so to the left.
sellersm
06-02-2015, 09:54
Yup, this is why Texas is on the Jade Helm 15 list as an "enemy"... Weather wars, lots of other stuff happening there, somebody in DC is very unhappy with TX right now.
sellersm
06-08-2015, 07:14
Just putting this out there, just in case... Be wary and agile.
I've heard much about a 'bank holiday' coming in July, but this is the first I've heard about closures in June...
http://investmentwatchblog.com/mass-bank-closures-in-the-areas-of-jade-helm-starting-june-16th-in-9-days/
sellersm
06-11-2015, 10:51
A look at the BDI & SCFI and how they're "predictors" of what's to come. Author uses these to call out the garbage & lies being spewed from the MSM about how 'good' the economy is today!
http://thedailycoin.org/?p=32314#sthash.Zoyqpot1.dpuf
BOA isn't going to close branches because of a common military exercise, all this hand-wringing over Jade Helm is unnecessary.
The market performance indicators have been pretty flat over the past few weeks even with FedRes threatening to raise interest rates. Pretty boring.
Well it is June 16, 2015. Nothing on BOA either but the day is young.
FDIC Bank closure list - https://www.fdic.gov/bank/individual/failed/banklist.html
This is why I do not put much stock in Zero Hedge or other "news" sites and their fear mongering, these people are just as bad as FedGov/CNN when it comes to lying and spreading lies.
Sometimes Zero Hedge or the others will have a gem but not too often.
Just in case you're interested - an article on West Texas Intermediate and Brent oil. Kinda geeky but here it is.
http://canaryusa.com/difference-between-wti-and-brent/
Very tempting prices going on! I wish these price dips would happen when I do my monthly buy. :-(
Firehaus
06-24-2015, 08:27
Did anyone catch the gold at$25k an ounce article?
http://www.marketwatch.com/story/avi-gilburt-doubles-down-gold-is-going-to-25000-2015-06-12
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Did anyone catch the gold at$25k an ounce article?
http://www.marketwatch.com/story/avi-gilburt-doubles-down-gold-is-going-to-25000-2015-06-12
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No, but by the time it ever got that high, I'd have exited a long time before.... If it ever gets to $10K in my life-time, I'll be surprised!
Did anyone catch the gold at$25k an ounce article?
http://www.marketwatch.com/story/avi-gilburt-doubles-down-gold-is-going-to-25000-2015-06-12
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That isn't even reporting, just wild speculation and self-promotion.
sellersm
06-24-2015, 18:09
Did anyone catch the gold at$25k an ounce article?
http://www.marketwatch.com/story/avi-gilburt-doubles-down-gold-is-going-to-25000-2015-06-12
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There are some market folks who talk about a sky-high price of gold and a high price of silver. It's not completely bunk, from a mathematical perspective or from the view of value based on history. From a real-world view, though, I'm not so sure...
Firehaus
06-24-2015, 18:23
What was gold 100 years ago? $20? Topped out at $2002.
Another 100 years I could see it happening again. Interesting to think about what it would mean for your kids.
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sellersm
06-24-2015, 20:47
Here's a look at the upcoming bear market in bonds: http://theeconomiccollapseblog.com/archives/the-liquidity-crisis-intensifies-prepare-for-a-bear-market-in-bonds
4runner freak
06-25-2015, 09:54
Silver.com is having SAEs for $2.49 over spot. ($18.45/oz when I bought, now $18.41)
http://www.silver.com/2015-1-oz-silver-american-eagles/
sellersm
06-28-2015, 17:57
Not looking good for Greece right now: http://www.dailymail.co.uk/news/article-3141480/Hundreds-queue-outside-banks-fears-Grexit-grow-ahead-MPs-vote-bailout-referendum.html
Dow Futures Open Down 300 Points, 10Y Yield Tumbles 20bps As EURUSD Plunges Over 200 Pips
Not looking good for Greece right now: http://www.dailymail.co.uk/news/article-3141480/Hundreds-queue-outside-banks-fears-Grexit-grow-ahead-MPs-vote-bailout-referendum.html
Yup.
http://finviz.com/futures.ashx
Anyone shorting the EUR/USD? Had a nice drop at market open.
59293
Pretty flat day for the American markets so far. I thought gold and silver would have risen more than they have, oil is down a little bit.
DOW down 350...ho hum
http://quotes.wsj.com/index/DJIA
All gains by gold and silver yesterday were lost overnight.
Still waiting for petro to go down , so that I have a lower price point entry.
Thinking about getting some cheap TWTR CALLs, when share price hit about 34ish.
Those are it. Got out of being short when oil was around high 40s. Thinking about UWTI and USO (going long) soon.
Glad that I didn't go LONG on oil yet. Down 6.5%ish today.
Today is the day I gotta make s decision. Iran fail can bring the oil up for a small gain.
In the 14 range for silver today wonder how low it will go?
WOW! WTI is in the $50 range and Brent down to $55, hopefully that will translate at the pumps soon.
What the hell is going on?
Great-Kazoo
07-07-2015, 09:33
WOW! WTI is in the $50 range and Brent down to $55, hopefully that will translate at the pumps soon.
What the hell is going on?
greece in the shitter, the u.s saying they'll prop them up. SSDD. See if i can dump my morgans and liberty's, hopefully in exchange for ASE's & Maple leafs.
greece in the shitter, the u.s saying they'll prop them up. SSDD. See if i can dump my morgans and liberty's, hopefully in exchange for ASE's & Maple leafs.
This globalism new world order bullshit has to stop, the US will end up propping up all the other socialist countries and then when we fail no one will be left and everyone who hasn't grifted their way into the good ol' boys club will starve to death in the gutter.
http://www.marketwatch.com/story/why-the-us-will-have-to-bail-out-greece-2015-02-18
sellersm
07-07-2015, 10:59
This globalism new world order bullshit has to stop, the US will end up propping up all the other socialist countries and then when we fail no one will be left and everyone who hasn't grifted their way into the good ol' boys club will starve to death in the gutter.
http://www.marketwatch.com/story/why-the-us-will-have-to-bail-out-greece-2015-02-18
Isn't that their plan? Way too many 'useless eaters' around...
Isn't that their plan? Way too many 'useless eaters' around...
Ahhh yes, That is the name I will be using for people like that around me.
Saw this in the sandbox. Other countries are quick and willing to take handouts; all while they are taking every opportunity to burn the United States Flag or badmouthing us or saying we need to get out of their affairs. Then when we leave their country (because they are telling us to and protesting and rioting), they complain that we left them in a state of disarray and that we should be helping them.
Went long on NUGT today at 7.04, I won't hold long if it drops but hopefully there is some quick upside back to $8 or more.
Wed, we got crude inventory.
Oil continues to go down - http://www.bloomberg.com/energy
USD/JPY is down to 120, I think it lost 4 points in the last couple of days. http://finviz.com/forex.ashx
ChunkyMonkey
07-08-2015, 14:30
Just picked up few gold coins mixed of maple and buffalo from Kim's jewelry off Alameda and federal. He sold them $60 above spot.. cash and carry. Personal collection so no tax... This is the lowest price I could get my hand on.
ChunkyMonkey
07-08-2015, 14:30
In the 14 range for silver today wonder how low it will go?
Buy buy buy!
Buy buy buy!
Picked up 40 eagles for 700 shipped
ChunkyMonkey
07-08-2015, 14:55
Picked up 40 eagles for 700 shipped
Nice!!
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Great-Kazoo
07-08-2015, 16:17
Picked up 40 eagles for 700 shipped
Anyone looking to buy on line, or local, i'm interested in splitting a buy with you.
Not_A_Llama
07-08-2015, 23:06
Glad that I didn't go LONG on oil yet. Down 6.5%ish today.
Today is the day I gotta make s decision. Iran fail can bring the oil up for a small gain.
How do you interpret contango in the forward months? Pure cost of carry spread, or fundamental mispricing/opportunity in the cash/prompt?
Looks like you're playing ETFs - the trade is pretty easy for me to see on ICE, but have you thought about playing the spread on USO/BNO?
With WTI inventories where they are, plus geopolitical risk out east...
How do you interpret contango in the forward months? Pure cost of carry spread, or fundamental mispricing/opportunity in the cash/prompt?
Looks like you're playing ETFs - the trade is pretty easy for me to see on ICE, but have you thought about playing the spread on USO/BNO?
With WTI inventories where they are, plus geopolitical risk out east...
(limited knowledge in comm/energy/ser3)
For Aug'15? I think lower? I don't know how there will be change in demand after last holiday travel season on sept. I don't see any transport/retail picking up either. (if you see, majority of large retailers didn't do good last Q).
At this moment due to faster decrease in price of USO relative to decrease in price in BNO, I am looking at USO. Maybe investors are speculating the price of oil futures at specific dates lower than current spot. I don't see diesel demand shooting really high either by looking at cross elastcity withdiesel, octane and natgas. Natgas futures being so cheap, I don't know how Nov oil futures will play out. My guess is not as good.
I think Shanghai and Hanseng falling 3 consecutive days (except today, indicies are up) and China's possible slowdown (demand side) can be more significant the Greece+Iran. That being said, I think WTI invetory glut (which we are fully aware of) is less uncertainty than how China economy will play out. With that being said, I am more focus into USO than BNO.
RblDiver
07-13-2015, 12:58
Apparently, some people think that silver is on par with chocolate.
https://www.youtube.com/watch?v=bYhTFz_SGw0
HoneyBadger
07-13-2015, 13:19
Apparently, some people think that silver is on par with chocolate.
https://www.youtube.com/watch?v=bYhTFz_SGw0
I love the guy's reactions. People are so stupid. This reminds me of Jay Leno's "Jaw Walking" series
Holy crap those people are stupid. You could go buy a couple hundred Hersey bars by selling the silver bar.....
sellersm
07-13-2015, 14:26
Not surprised at the results as presented...
Great-Kazoo
07-13-2015, 15:42
Dropped in here this morning. Nice folks, converted unwanted / collecting dust jewelery in to Hershey bars. Silver wrapped of course.
http://eriegoldandsilver.com/
Dropped in here this morning. Nice folks, converted unwanted / collecting dust jewelery in to Hershey bars. Silver wrapped of course.
http://eriegoldandsilver.com/
Agreed, nice folks. I picked up a few Christmas rounds from them a few years ago, to give to family/friends during the holidays. I should pay them another visit, soon.
Great-Kazoo
07-13-2015, 17:15
Agreed, nice folks. I picked up a few Christmas rounds from them a few years ago, to give to family/friends during the holidays. I should pay them another visit, soon.
They're a bit of a drive for us, however i'd do business with them before places in the ft fun area.
Holy Christ people are stupid.
Aloha_Shooter
07-13-2015, 19:13
Holy Christ people are stupid.
That was pretty much a given after Barack Obama achieved reelection.
Holy Christ people are stupid.
He does a lot of other similar videos. One he was trying to give away a 1oz gold eagle and nobody would take it.
In real life, he probably lost about 7- 10oz silver bar for the first 10 people. [LOL]
In real life, he probably lost about 7- 10oz silver bar for the first 10 people. [LOL]
We all need to figure out what intersection he hangs out on...
We all need to figure out what intersection he hangs out on...
That's what I was thinking.
Next he should give away $10 on the Google Play app vs 100 acres in Williston, North Dakota.
Roger Ronas
07-13-2015, 21:31
Have a friend working in Williston, he'd take the land. He is actually looking for land.
Roger
That's what I was thinking.
Next he should give away $10 on the Google Play app vs 100 acres in Williston, North Dakota.
4runner freak
07-17-2015, 10:32
Silver is at $14.87!!!
Silver.com is the cheapest at $18.41/oz (http://www.silver.com/2015-1-oz-silver-american-eagles/) for SAEs.
Great-Kazoo
07-17-2015, 10:36
Silver is at $14.87!!!
Silver.com is the cheapest at $18.41/oz (http://www.silver.com/2015-1-oz-silver-american-eagles/) for SAEs.
$19 and change with a CC. I prefer to pay a bit more but deal locally.
Oil is headed to $50 too. Good news for the consumer, not so good for Weld County and North Dakota.
Yeah, I can't imagine all those fracking companies that probably are in so much debt right now that thought they could ride the fracking wave, can't produce oil to cover their expenses.
The silver guy at Tanner had rolls of SAE's for $366, if I recall correctly.... Pretty good IMO. Regular bullion rounds were $320 for a roll...
Yeah, I can't imagine all those fracking companies that probably are in so much debt right now that thought they could ride the fracking wave, can't produce oil to cover their expenses.
That is one of their problems, they borrowed money based on $100+ a barrel oil, of course no one at the bank raised the question "Are you sure oil will remain at $100?" It is possible both parties expect FedGov (that's us) to bail each one out and why not.
Joe Citizen bailed out the fucking bankers with TARP in 2007 - should have been allowed to fail so solid banks could pick up and manage the assets properly, GMC and Chrysler - both of which should have been allowed to fail so they could re-negotiate their crappy UAW contracts (FUCK the UAW those fucking fucks), Solyndra and all those lying, goddamn, worthless, no-load, cockbreath, money-laundering for campaign contributions to the (D) "green" companies, Fannie and Freddy for loaning money at the behest of FedGov because everyone deserves a house even if you're a crack-smoking, halfwit welfare shitstain who can't even get the scratch to buy back their cubic zirconium from their pawn broker and on it goes.
Pardon my french... :)
That is one of their problems, they borrowed money based on $100+ a barrel oil, of course no one at the bank raised the question "Are you sure oil will remain at $100?" It is possible both parties expect FedGov (that's us) to bail each one out and why not.
Joe Citizen bailed out the fucking bankers with TARP in 2007 - should have been allowed to fail so solid banks could pick up and manage the assets properly, GMC and Chrysler - both of which should have been allowed to fail so they could re-negotiate their crappy UAW contracts (FUCK the UAW those fucking fucks), Solyndra and all those lying, goddamn, worthless, no-load, cockbreath, money-laundering for campaign contributions to the (D) "green" companies, Fannie and Freddy for loaning money at the behest of FedGov because everyone deserves a house even if you're a crack-smoking, halfwit welfare shitstain who can't even get the scratch to buy back their cubic zirconium from their pawn broker and on it goes.
Pardon my french... :)
You mad bro?
:)
I'm tired of being on the hook for every financial folly that FedGov forces Joe Citizen to pay for.
Great-Kazoo
07-19-2015, 22:03
Who cares what PM's and O&G are at. My portfolio in the upsadasium mine has been strong from day 1 ;)
http://money.cnn.com/2015/07/21/investing/commodities-prices-gold-oil-copper-aluminum/
Gold in the $109x range, silver in the $14.xx range, will WTI dip under $50 this week?
WTI just dropped under $50 - come on pump price. :)
http://www.bloomberg.com/energy
Rooskibar03
07-22-2015, 13:28
WTI just dropped under $50 - come on pump price. :)
http://www.bloomberg.com/energy
Interesting as its gone up .20 in the last 10 days by my house.
Interesting as its gone up .20 in the last 10 days by my house.
Yes, I find that interesting too. We're supposed to have a glut of oil but that doesn't mean they're making gasoline, they might be doing other things with it, what we really need are a couple more refineries.
$49.21 for WTI now.
sellersm
07-22-2015, 18:11
Interesting view on how commodities always tank before a market crash: http://theeconomiccollapseblog.com/archives/commodities-collapsed-just-before-the-last-stock-market-crash-so-guess-what-is-happening-right-now
Snippet:
If we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months ahead of time. This is precisely what happened just before the great financial crisis of 2008, and we are watching the exact same thing happen again right now.
On Wednesday, commodities got absolutely pummeled, and at this point the Bloomberg Commodity Index is down a whopping 26 percent over the past twelve months.
When global economic activity slows down, demand for raw materials sinks and prices drop. So important global commodities such as copper, iron ore, aluminum, zinc, nickel, lead, tin and lumber are all considered to be key “leading indicators” that can tell us a lot about where things are heading next. And what they are telling us right now is that we are rapidly approaching a global economic meltdown (http://theeconomiccollapseblog.com/archives/the-economic-collapse-blog-has-issued-a-red-alert-for-the-last-six-months-of-2015).
If the global economy was actually healthy and expanding, the demand for commodities would be increasing and that would tend to drive prices up. But instead, prices continue to go down.
The Bloomberg Commodity Index just hit a brand new 13-year low. That means that global commodity prices are already lower than they were during the worst moments of the last financial crisis (http://www.bloomberg.com/news/articles/2015-07-22/commodity-losses-accelerate-as-miners-see-lows-of-2009-crisis)…
Gold is at $1095 and silver $14.87 right now - http://www.kitco.com/market/ Most vendors adjust their premiums upward so they don't lose money on PMs they have in stock.
I've been looking for a BIG NYSE/Nasdaq/S&P500 correction, like 30% but I think FedRes/FedGov will start QE4 to boost stock/bond/securities prices before the the correction starts or in the early going to stop the correction.
Gold is at $1095 and silver $14.87 right now - http://www.kitco.com/market/ Most vendors adjust their premiums upward so they don't lose money on PMs they have in stock.
I've been looking for a BIG NYSE/Nasdaq/S&P500 correction, like 30% but I think FedRes/FedGov will start QE4 to boost stock/bond/securities prices before the the correction starts or in the early going to stop the correction.
Think it about time to move 401k stocks around?
I don't know, I don't do paper.
If I did I'd probably start watching for an announcement of the next round of QE (hint - look for an end date of Japan/EU QE because those 2 are running right now), examine my portfolio performance from 2007 - current, figure out the individual stocks in my various mutual funds and chart their performance. Then I'd try to find a few stable mutual funds that carried most of the good performing stocks and swing my 401K into those. It will be a boatload of work and it might payoff.
OTOH, in a few years when the government changes the 401K from tax-deferred to taxable and then takes their whack immediately all your hard work researching will have been wasted, once FedGov takes the first whack they'll be back for more, just like a heroin addict, and they'll drain your accounts and you'll have nothing in the end.
http://www.usdebtclock.org/
http://www.bloombergview.com/quicktake/europes-qe-quandary - article uploaded on June 18, 2015
It’s the new conventional wisdom: When all else fails to make economies grow, create new money and buy government bonds. That’s the formula dubbed quantitative easing, or QE.
BushMasterBoy
07-22-2015, 20:07
I think this may be the beginning of a huge depression financially. Wiemar Republic style...
https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
sellersm
07-22-2015, 20:29
Think it about time to move 401k stocks around?
See my post #1063 for a recommendation: https://www.ar-15.co/threads/91081-Long-Position-on-Silver-and-Gold?p=1877297&viewfull=1#post1877297
If I still had a 401K or some kind of investment vehicle, this is what I'd do. You can invest in gold, silver, ammo, firearms, storage food, etc...
See my post #1063 for a recommendation: https://www.ar-15.co/threads/91081-Long-Position-on-Silver-and-Gold?p=1877297&viewfull=1#post1877297
If I still had a 401K or some kind of investment vehicle, this is what I'd do. You can invest in gold, silver, ammo, firearms, storage food, etc...
Just be aware, if you're 401K is in gold it is paper gold, not pfyzz and paper gold/silver are oversold like an overbooked airplane.
sellersm
07-22-2015, 20:53
Just be aware, if you're 401K is in gold it is paper gold, not pfyzz and paper gold/silver are oversold like an overbooked airplane.
Not necessarily. You can hold physical gold in a retirement investment. But I'm not an expert.
Sent from my fat fingers using Tapatalk
I think this may be the beginning of a huge depression financially. Wiemar Republic style...
https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
Nope, QE4 is coming and that will forestall any correction or depression.
The dollars in your hand will lose value but the fiat markets will continue to grow based on this thin air cash infusion.
Not necessarily. You can hold physical gold in a retirement investment. But I'm not an expert.
Sent from my fat fingers using Tapatalk
True, but how are you going to collect it? Are you going to drive to Chicago Mercantile Exchange and get it? LOL - you'll be DRT and your family will be SOL.
I don't think some of you get it, just because your parents are collecting theirs does not guarantee you will collect yours. The only guarentee is that FedGov will get its share, 10, 20 50 100 percent.
Look at Greece right now, the EU(Germany) is backstopping Greece. The US backstops the EU, NO ONE backstops the US...no one.
sellersm
07-22-2015, 21:01
True, but how are you going to collect it? Are you going to drive to Chicago Mercantile Exchange and get it? LOL - you'll be DRT and your family will be SOL.
Seems you're not interested in doing some research to find out the facts? You buy it, you hold it. Period. Done.
Watch this, it'll explain it:
https://www.youtube.com/watch?v=IdL3Xf-TV_Y
I am saying exactly what he is saying, without the IRA stuff.
BushMasterBoy
07-22-2015, 21:34
This company is bankrupt. They took a lot of folks money and sent no bullion!
http://www.bulliondirect.com/
If I still had a 401K or some kind of investment vehicle, this is what I'd do. You can invest in gold, silver, ammo, firearms, storage food, etc...
I was thinking about procuring 1200+ firearms, and over two tons of ammo.
Hopefully I can sell it at a profit before I die in my car.
Tejas is the last place we'd move to. While the media plays up Tx Open carry and other R sponsored ideas. BEHIND THE SCENES the D's are getting ready to do to TX what they did to CO. ONLY There the amnesty program will give D's an overwhelming voting block. Huston, Austin, El Paso even Big D will pull more left than they already are.
Here it's dope smokers who have tilted the scales more so to the left. Words of wisdom. If you think Texas is a bit liberal now, wait till all the job chasers from Kali start flocking. Too bad, I have family there and toyed with moving there.
I was thinking about procuring 1200+ firearms, and over two tons of ammo.
Hopefully I can sell it at a profit before I die in my car. That gun to ammo ratio may be off. I'd shoot for minimum Six tons.
Great-Kazoo
07-22-2015, 23:04
Words of wisdom. If you think Texas is a bit liberal now, wait till all the job chasers from Kali start flocking. Too bad, I have family there and toyed with moving there.
Unfortunately the CA migration has permeated most everything west of the Mississippi. TX being one of them, AZ, NV, OR, WA state. It's like some , not all of east coasters who moved here and TX. They moved to get away from those Damn Liberals. Yet think restrictions and outright bans on certain firearms ARE REASONABLE.
jhood001
07-23-2015, 01:48
Unfortunately the CA migration has permeated most everything west of the Mississippi. TX being one of them, AZ, NV, OR, WA state. It's like some , not all of east coasters who moved here and TX. They moved to get away from those Damn Liberals. Yet think restrictions and outright bans on certain firearms ARE REASONABLE.
How much does everyone think the migration of California's rats is going to increase now that they're thirsty and we're soaked?
Everyone talks about the fence on our countries southern border.
I would rather, in the immediate future, put one up to keep California's population out.
sellersm
07-23-2015, 09:04
How much does everyone think the migration of California's rats is going to increase now that they're thirsty and we're soaked?
Everyone talks about the fence on our countries southern border.
I would rather, in the immediate future, put one up to keep California's population out.
Yes!!
sellersm
07-23-2015, 09:07
I am saying exactly what he is saying, without the IRA stuff.
Gotcha. It is good to explain to people that many gold and silver 'investments' that are used for retirement accounts, are indeed only paper holdings.
And as we all know, if you can't stand over it, you don't own it and you can't defend it.
sellersm
07-23-2015, 09:09
I was thinking about procuring 1200+ firearms, and over two tons of ammo.
Hopefully I can sell it at a profit before I die in my car.
LOL! But as ben4372 stated, your ratio's a bit off... [Coffee]
That gun to ammo ratio may be off. I'd shoot for minimum Six tons.
LOL! But as ben4372 stated, your ratio's a bit off... [Coffee]
Just read the updates in the other thread. Guess I should up the ammo to 6+ tons....[emoji481]
Aloha_Shooter
07-23-2015, 11:34
I think this may be the beginning of a huge depression financially. Wiemar Republic style...
https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic
I never bought the line that claimed we recovered from the last recession. I think Obama-Pelosi-Reid simply prolonged the recession and it would have been called a depression if the media were honest instead of cheerleaders for Obama. They would have been talking about it hourly if 16% of American workers just stopped even trying to get a job under Bush ...
I never bought the line that claimed we recovered from the last recession. I think Obama-Pelosi-Reid simply prolonged the recession and it would have been called a depression if the media were honest instead of cheerleaders for Obama. They would have been talking about it hourly if 16% of American workers just stopped even trying to get a job under Bush ...
Yup, we haven't recovered, media is just lyin' to make barry look good.
sellersm
07-23-2015, 11:58
In case you haven't been noticing, China's been dumping TONS of US Treasuries and gold...
http://www.shtfplan.com/headline-news/shock-report-china-dumps-half-a-trillion-dollars-something-is-very-very-wrong-they-are-being-aggressively-sold_07222015
beast556
07-23-2015, 19:37
Once it hits 10$ im all in. Waiting patiently!
Yup, we haven't recovered, media is just lyin' to make barry look good.
+1
I tell dumbocrat economics turds that "This right now IS the recovery that you guys were anxiously hoping for." :(
Sadly it is just an band-aid.
Fentonite
07-27-2015, 02:15
I like goats (not that way, you jerks). Figured I'd mix it up a bit. The wife calls me an old goat anyway, might as well have my likeness on some metal.
http://i841.photobucket.com/albums/zz339/fentonite/A244E0F7-814F-4CDB-A58B-F57B02C8DFF2.jpg
http://i841.photobucket.com/albums/zz339/fentonite/51B82A3B-28D1-4A10-BBD3-BD932D628F65.jpg
WTI has dipped under $45, Brent is under $50. I'm wondering when pump price will drop.
Why am I not buying silver right now???
[panic]
Great-Kazoo
08-06-2015, 12:43
WTI has dipped under $45, Brent is under $50. I'm wondering when pump price will drop.
[ROFL3][LOL][ROFL2] Ok Goldilocks
BladesNBarrels
08-06-2015, 17:42
WTI has dipped under $45, Brent is under $50. I'm wondering when pump price will drop.
From howstuffworks.com
"So what's the difference between summer-grade fuel and winter-grade fuel? Summer-grade fuel is more expensive for two reasons -- because of the ingredients it contains and because refineries have to briefly shut down before they begin processing it. Summer-grade fuel also burns cleaner than winter-grade fuel. This just means that it produces less smog and releases less toxic air pollutants (http://science.howstuffworks.com/environmental/green-science/ozone-pollution.htm). The actual difference in cost of production varies. One estimate claims an increase of only 1 cent to 2 cents per gallon [Source: Slate (http://www.slate.com/id/2098672/)], while another states 3 cents to 15 cents per gallon [Source: Reason (http://www.reason.com/news/show/119300.html)]. No matter the difference in production costs, the increase at the pump is even greater, owing to the summer driving season, dips in supply, maintenance costs and companies' converting to production of summer blends."
With this in mind, you should start seeing the price decline when:
60181
I just wish they would cease putting corn-based ethanol in my gasoline.
From howstuffworks.com
"So what's the difference between summer-grade fuel and winter-grade fuel? Summer-grade fuel is more expensive for two reasons -- because of the ingredients it contains and because refineries have to briefly shut down before they begin processing it. Summer-grade fuel also burns cleaner than winter-grade fuel. This just means that it produces less smog and releases less toxic air pollutants (http://science.howstuffworks.com/environmental/green-science/ozone-pollution.htm). The actual difference in cost of production varies. One estimate claims an increase of only 1 cent to 2 cents per gallon [Source: Slate (http://www.slate.com/id/2098672/)], while another states 3 cents to 15 cents per gallon [Source: Reason (http://www.reason.com/news/show/119300.html)]. No matter the difference in production costs, the increase at the pump is even greater, owing to the summer driving season, dips in supply, maintenance costs and companies' converting to production of summer blends."
With this in mind, you should start seeing the price decline when:
60181
Thank you! :)
I just wish they would cease putting corn-based ethanol in my gasoline.
Yes, ethanol is another scam.
sellersm
08-06-2015, 19:09
If you're a believer in learning from history, take a look at this article: "The Dow Has Already Fallen Nearly 900 Points From The Peak Of The Market"
http://theeconomiccollapseblog.com/archives/the-dow-has-already-fallen-nearly-900-points-from-the-peak-of-the-market
sellersm
08-11-2015, 10:52
Hmmm, HSBC and Goldman Sachs are going long on gold, gee, go figure... They're buying 7.1 tons of physical gold, for themselves!
http://seekingalpha.com/article/3421396-the-big-long-goldman-sachs-and-hsbc-buy-7_1-tons-of-physical-gold
Roger Ronas
08-15-2015, 10:01
Just bought this. Is it worth it? Hope I get it.
http://www.ebay.com/itm/171888106399?_trksid=p2057872.m2749.l2649&ssPageName=STRK%3AMEBIDX%3AIT
What's your opinion?
Roger
BushMasterBoy
08-15-2015, 12:27
The 5 0z Panda is a fake. real panda photo in ebay item #201129905243
sellersm
08-15-2015, 13:06
Pandas are one of the coins that I just avoid altogether... One of the top counterfeited coins.
Fentonite
08-15-2015, 13:16
I wouldn't trust a bullion purchase that's significantly below spot price. Just doesn't pass the sniff test.
Roger Ronas
08-15-2015, 17:16
Well at this point I have purchased it. Will see what/if I get anything. Paid with Paypal so getting a refund shouldn't be to hard if it's not worth it.
What if it is silver but still a fake"
Is there a test for purity and if silver?
I know silver is not magnetic.
If I get it, I'll take it to Hallenbacks and see what they say.
L:ive and learn,
Roger
Fentonite
08-15-2015, 17:31
I hope it works out that you scored a great deal! I'm just a skeptical old goat.
Pump price rises while oil price continues to fall.
http://www.marketwatch.com/story/why-gas-prices-are-rising-as-oil-falls-to-6-year-lows-2015-08-15
Much of the blame has been put on an outage at a BP PLC BP, -0.92% (http://www.marketwatch.com/investing/stock/bp?mod=MW_story_quote) BP., -0.29% (http://www.marketwatch.com/investing/stock/bp.?countrycode=uk&mod=MW_story_quote) refinery in Whiting, Ind.
The problems in Whiting have contributed to a backup of Canadian crude oil, which at one point this week traded at around half the U.S. benchmark, noted Tom Kloza, global head of energy analysis at Oil Price Information Service, in a phone interview.
Also, for the first time in several years, the U.S. is witnessing a summer driving season. Gasoline demand has risen significantly this summer as drivers took advantage of the earlier fall in gasoline prices.
I've noticed pump prices have gone from 2.70 to 3.33,seemingly over night.
I paid 2.81 for regular on Friday, yesterday it was 2.87...Shell gas.
hollohas
08-17-2015, 13:17
Yet crude is down. What a sham.
The 5 0z Panda is a fake. real panda photo in ebay item #201129905243
I'm pretty sure the characters on the back say, "F U Roundeye"
https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcSg2hqEWbaBPkEgt5YnvGS0FCX64EElb fBTZtY01ZaeMIqNAGE1YQ
The new shell v power nitro is 80 cents more than regular. Not impressed
Great-Kazoo
08-17-2015, 20:30
I'm pretty sure the characters on the back say, "F U Roundeye"
https://encrypted-tbn2.gstatic.com/images?q=tbn:ANd9GcSg2hqEWbaBPkEgt5YnvGS0FCX64EElb fBTZtY01ZaeMIqNAGE1YQ
Only if you hold it ----------------- this way. r eminds me of this "woman" back in P.I some years agoooooo...........................
Gold up
Silver up
Oil down
http://finance.yahoo.com/news/citigroup-crude-oil-prices-might-125958312.html (http://finance.yahoo.com/news/citigroup-crude-oil-prices-might-125958312.html)
Citigroup: Crude Oil Prices Might Hit $32 per Barrel
By Gordon Kristopher
6 hours ago
Will Crude Oil Prices Hit $33 per Barrel?
(Continued from Prior Part (http://marketrealist.com/2015/08/long-will-us-dollar-influence-crude-oil-prices/?utm_source=yahoo&utm_medium=feed&utm_content=read-prev-a&utm_campaign=citigroup-crude-oil-prices-might-hit-32-per-barrel))
Downtrend channel
September WTI (West Texas Intermediate) crude oil futures contracts broke below the key psychological mark of $42 per barrel on August 19, 2015. Prices are trading close to the new support of $40 per barrel as of August 19, 2015. The unexpected rise in crude oil inventories led to the collateral damage in crude oil prices in yesterday’s trade.
DOW broke under 17K today, Nasdaq under 5K. Interesting times.
Great-Kazoo
08-20-2015, 14:58
Gold up
Silver up
Oil down
http://finance.yahoo.com/news/citigroup-crude-oil-prices-might-125958312.html (http://finance.yahoo.com/news/citigroup-crude-oil-prices-might-125958312.html)
DOW broke under 17K today, Nasdaq under 5K. Interesting times.
IMO all this is done to break the U.S. Oil market.
Hell this fuked deal with Iran. The Iranians are going to be their own Nuclear Facility inspectors. [pileoshit]
Aloha_Shooter
08-20-2015, 15:08
IMO all this is done to break the U.S. Oil market.
Yep, along with the EPA's attempt to hit fracking with "methane control" regulations and recent investments in coal from a certain world financier ...
Question: is Obama more like Peter Pettigrew or Lucius Malfoy to our current He Who Shall Not Be Named? [ROFL2]
Great-Kazoo
08-20-2015, 15:18
Yep, along with the EPA's attempt to hit fracking with "methane control" regulations and recent investments in coal from a certain world financier ...
Question: is Obama more like Peter Pettigrew or Lucius Malfoy to our current He Who Shall Not Be Named? [ROFL2]
I'm "shocked" a good percentage of Our Country has absolutely no problem with this administration and it's on going destruction of what America once was and stood for.
Oh yeah IBTL and " independent voter" who selected D not once but 2X. you know who you are
hollohas
08-20-2015, 15:29
IMO all this is done to break the U.S. Oil market.
Hell this fuked deal with Iran. The Iranians are going to be their own Nuclear Facility inspectors. [pileoshit]
No doubt. And the admin just gave Royal Dutch Shell the permits to drill in the arctic, something they haven't been able to do for decades.
So, supply is way up, bringing crude prices so low that oil companies are pretty much losing their asses...what a great time to approve long denied permits that will increase future supply even more, huh?
Now, in theory I have no problem with increasing supply. However, I don't think it's actually very good for our economy right now since much of it hinges on the energy markets. What strikes me with this news is how it is so far outside the typical BO agenda, there must be a motive behind it. Lower prices will destroy the oil companies. He hates oil companies...so, seems like the motive to me.
George Soros investing in coal?
http://www.foxnews.com/us/2015/08/19/billionaire-george-soros-warms-up-to-coal-as-stock-prices-hit-bottom/
Lordy.
George Soros investing in coal?
http://www.foxnews.com/us/2015/08/19/billionaire-george-soros-warms-up-to-coal-as-stock-prices-hit-bottom/
Lordy.
Now we know part of the reason for the attack on coal. This isn't conspiracy theory baloney, it is right there in the pixels, being reported in a multitude of places.
And he also pulled a bit of a greenmail of a different sort - trying to bolster the stock price by letting everyone know he invested.
Let top 3 OPEC try to break us. Demand in Crude will be still strong in US.
Drove CIvic Hybrid 1yr before to end of demand shock. $4/gal @ 140/barrel was painful.
I am driving heavy heavy gas guzzler since yr before supply glut times. (I envy f150/1500/Ram1500 gas efficiency).
I know I know. :D
And he also pulled a bit of a greenmail of a different sort - trying to bolster the stock price by letting everyone know he invested.
but that's ok for him to make money (illicit or above board) because he bats for the communists (D).
DOW down 300 as I type.
The DOW and S&P500 are both down 4.5% this week. Nasdaq is down 5.5%
The DOW and S&P500 are both down 4.5% this week. Nasdaq is down 5.5%
Yeah, the hot air is being let out of the balloon. How long before the next QE starts to artificially pump up these fiat markets?
sellersm
08-21-2015, 09:57
We've already seen the first 1300 points of the market crash of this year, according to this article: http://theeconomiccollapseblog.com/archives/we-have-already-witnessed-the-first-1300-points-of-the-stock-market-crash-of-2015
All will do well to take notice of all that's happening right now. Ignore these "signs" to your own detriment...
HoneyBadger
08-21-2015, 10:12
We've already seen the first 1300 points of the market crash of this year, according to this article: http://theeconomiccollapseblog.com/archives/we-have-already-witnessed-the-first-1300-points-of-the-stock-market-crash-of-2015
All will do well to take notice of all that's happening right now. Ignore these "signs" to your own detriment...
Economic collapse blog is just a fear-mongering Alex Jonesy blog. Fear gets you to click their link, which makes them money. I really don't think the whole blog exists to warn people of an economic collapse that may or may not be coming.
Aside from that, I do think that we have started a downward slide that is going to get significantly more pronounced and probably bring the DOW down below 10k. But I'm not a professional, so don't take any investing advice from me.
Specifically on topic, I stopped buying silver a while ago and have lost faith in it as an investment for anything but the end of the world... which I am not willing to bet thousands of dollars on happening in the next few years. I know there are a lot of scary indicators out there, but I don't yet think we're just going to fall apart suddenly - those in power would do anything to keep that from happening because they would lose the most. I have a few $k in silver and I'll just hold on to it until I need it or it's recovered from the $22/oz buy-in price.
sellersm
08-21-2015, 10:17
Economic collapse blog is just a fear-mongering Alex Jonesy blog. Fear gets you to click their link, which makes them money. I really don't think the whole blog exists to warn people of an economic collapse that may or may not be coming.
Thank you for comparing Michael Snyder to Alex Jones... Apparently you know nothing about Michael.
Would you say the same thing about your Doctor when he tells you that all the test he performed seem to indicate that you have pancreatic cancer?
Would you decry a guy trying to pay for his expenses by allowing ads on his site?
I stand by my comments: ignore these things to your own peril.
HoneyBadger
08-21-2015, 10:27
Haha! Okay. In all seriousness, he's been prophetically declaring the end of economic times since he started his site - which is his primary source of income. In his own bio on the site, he doesn't list any economic credentials... just that he is a professional blogger - which means he gets paid to write. If more people read his stuff, he gets paid more. If you deny that he is running the site to make money, then either I am really missing a lot of information, or you're being logically inconsistent. [Dunno]
But like I said, don't take investing advice from me - I don't have a background in economics either.
What I find weird about today is that silver is down along with fiat.
DOW down 430 now, S&P 500 under 2k.
sellersm
08-21-2015, 14:13
Haha! Okay. In all seriousness, he's been prophetically declaring the end of economic times since he started his site - which is his primary source of income. In his own bio on the site, he doesn't list any economic credentials... just that he is a professional blogger - which means he gets paid to write. If more people read his stuff, he gets paid more. If you deny that he is running the site to make money, then either I am really missing a lot of information, or you're being logically inconsistent. [Dunno]
But like I said, don't take investing advice from me - I don't have a background in economics either.
Fair enough. I'm not denying that at all. I just find it odd that so many like to criticize the content of a site that has ads on it. If he needs to sell stuff to live, what's wrong with that? Heck, isn't that what Magpul and Primary Arms and all the other places do? Gotta love capitalism!!
Anyways, I've found that most of the people, like Michael, who do *not* have 'economics' backgrounds, to be far more accurate in their predictions.
And I'm saying that there's more to Michael than just this blog. I'd suggest you read his book and other things he's written...
Bottom line, DOW is now down 529 points. Something's going on and it's *NOT* "just" a correction: that term is a disinformation term.
I'm trying to encourage folks to be prepared, the bottom's dropping and things will begin to happen. That is all. Carry on.
Right now it is a correction
http://www.investopedia.com/terms/c/correction.asp
DEFINITION of 'Correction'
A reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset. A correction has a shorter duration than a bear market or a recession, but it can be a precursor to either.
The coming weeks will tell us if it temporary or not.
I believe we've been in degrees of recession since the first TARP program. This recession has affected the lower and middle classes, the upper class hasn't been touched yet, if there is a new QE program the upper class will remain untouched and the lower and middle classes will suffer even more degradation of their purchasing power. I'm fairly certain they'll do a new QE, my only question is when.
We're hearing alot about rate hikes too, I don't think FedRes is going to raise the interest rates, at least not while Dear Leader is running this country into the ground.
Nice. Today just wiped out all gains I had in my 401k in the last 8 months.
sellersm
08-21-2015, 20:39
Those invested in an inverse ETF are pleased!
Sent from my fat fingers using Tapatalk
I need to know if crude will go down to 38 or 32 now!
I was out of inverse ETF/ETN since aprl ish. I wanted to go long , but still waiting.
Missed out on Sprint again! (2nd time in a row missing out on S).
HoneyBadger
08-22-2015, 09:15
I need to know if crude will go down to 38 or 32 now!
I was out of inverse ETF/ETN since aprl ish. I wanted to go long , but still waiting.
Missed out on Sprint again! (2nd time in a row missing out on S).
I rode sprint up from 3.48 after I saw it bottom out. Planning on selling on Monday. First good investment I've made in a while... [facepalm]
I need to know if crude will go down to 38 or 32 now!
I was out of inverse ETF/ETN since aprl ish. I wanted to go long , but still waiting.
Missed out on Sprint again! (2nd time in a row missing out on S).
Let me know when you figure out the price of crude, I'm waiting to go long on SM. :)
I rode sprint up from 3.48 after I saw it bottom out. Planning on selling on Monday. First good investment I've made in a while... [facepalm]
Congrats! I hope you made tons and tons of $$ on this deal. It only took 2-3weeks to go from 2.70ish to 4.70s. lol
I snoozed (woulda coulda shoulda) and lost out.
I wanted to buy at 2.80-90s. I wrote on other forum that Masayoshi Son and Softbank will not abandon Sprint this year. I miss that ~70% ride on Stock, and about 1500% on some CALLs?
stupid stupid stupid of me.
Let me know when you figure out the price of crude, I'm waiting to go long on SM. :)
I thought it would go down to 38. I think it is easily possible.
Some are saying 32 is bottom.
I see where some analysts got the 32.
I am currently looking at the shale/frack activities (supply) based on season to determine the future supply. etc etc.
I think strong demand in diesel during winter can bump the demand in crude by few %, but I don't think it will be coming from transportation side.
worst case, i will do 33% @38, and 67% at 32.
hollohas
08-22-2015, 16:07
I not sure I believe that the demand in crude is down. I know crude is used for countless different industries, but just looking at gasoline, Americans drove more miles last year than any other year in history, by a long shot. Yeah, I know fuel efficiency is better, but it's not that much better.
I just don't believe supply and demand has all that much to do with commodity pricing.
Take copper for example. It's way down too. But supply has been down and demand is up. Doesn't compute.
Gasoline price is still up even though crude is way down. Supposedly all because a refinery or two is down for maintenance. I call BS. They are meeting demand just fine even with a couple refineries being down.
Commodity pricing is all a game and I'm not sure anyone can accurately predict future movement.
HoneyBadger
08-22-2015, 17:00
Congrats! I hope you made tons and tons of $$ on this deal. It only took 2-3weeks to go from 2.70ish to 4.70s. lol
I didn't make tons because I didn't have tons to put into it. :(
I not sure I believe that the demand in crude is down. I know crude is used for countless different industries, but just looking at gasoline, Americans drove more miles last year than any other year in history, by a long shot. Yeah, I know fuel efficiency is better, but it's not that much better.
I just don't believe supply and demand has all that much to do with commodity pricing.
Take copper for example. It's way down too. But supply has been down and demand is up. Doesn't compute.
Gasoline price is still up even though crude is way down. Supposedly all because a refinery or two is down for maintenance. I call BS. They are meeting demand just fine even with a couple refineries being down.
Commodity pricing is all a game and I'm not sure anyone can accurately predict future movement.
Yup. S&D does have part, but there are lots of other factors to drive the price up and down.
I didn't make tons because I didn't have tons to put into it. :(
[Beer]
I think we will probably see the dip of S again. (and rise again later)
Marcelo's old trade in program, and selling that to refurb company is a great idea, but it will take a while to see significant $ and maybe new subscriber #.
We shall see. :)
sellersm
08-26-2015, 10:08
Saw a couple of interesting items in an article I read today, related to rising prices, lower wages and true purchasing power of gold. Also, a very clever quote!
“Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars worth of groceries. Today, a five-year old can do it.” — Henny Youngman
Currently, much points to a steady erosion of living standards. By measuring prices and salaries in gold terms, we can contrast these rather intuitive perceptions with actual data and are indeed able to reveal an illusion of nominal values. According to Keith Weiner, the wage of unskilled workers in the US in 1965 stood at 71 ounces of gold per year. In 2011, the salary of an employee in a supervisory capacity stood at the equivalent of 63 ounces of gold.
Measured in gold terms, a clear decline in purchasing power could thus be observed. In January 2001, the average purchasing power was at the same level as in 1970. On average one was able to purchase 120 ounces of gold with one’s annual income. Since then, the purchasing power of average incomes is in a downtrend, and currently stands at 38 ounces per year.
Measured in gold terms, it can thus be shown that both prices are rising and wages are declining.
HoneyBadger
08-26-2015, 10:40
Saw a couple of interesting items in an article I read today, related to rising prices, lower wages and true purchasing power of gold. Also, a very clever quote!
No question about it - Our currency (as with most world currencies) is being devalued at a steady and alarming rate. This is a sure way to force all but the richest into poverty.
Saw a couple of interesting items in an article I read today, related to rising prices, lower wages and true purchasing power of gold. Also, a very clever quote!
Wow, really strikes you when you see it put out that way in terms of how much gold we can buy.
hard to imagine how folks could live on one salary and have one car and still have a house and support a family, now that is rare and its two incomes, or multiple jobs trying to get by. But I also wonder if it is the cost of what people buy. Cell phones, TV, Internet, other subscriptions, fast food instead of eating at home and taking lunch to work, high dollar vehicles, high dollar shopping habits, two or more vehicles, buying $5 coffees everyday or multiple times a day. It all really adds up
Great-Kazoo
08-26-2015, 15:21
No question about it - Our currency (as with most world currencies) is being devalued at a steady and alarming rate. This is a sure way to force all but the richest into poverty.
Actually (IMO) it's when one goes to finance something. They get told Oh your credit score's very good. You could afford to upgrade to item X for another $50-100. With out fail the gullible snag that bait hook, line & sinker.
hollohas
08-26-2015, 15:32
^ Agreed.
The major issue is our addiction to debt. Hell, you need a credit check for anything anymore. The radio is constantly advertising what good credit will get you. Guess what, the way you get good credit is by going into DEBT first. Hell, the fact that anyone even has a credit score is proof they purchased something they didn't have enough money for.
Debt-based transactions are the preferred method to do business.
Heaven forbid we SAVE until we can pay cash for anything anymore.
It's a messed up system.
sellersm
08-26-2015, 15:33
Debt? Read my signature...
Great-Kazoo
08-26-2015, 15:40
Debt? Read my signature...
It's you east coasters fault ;)
Provident 10oz silver bars $153.26, free shipping. I've got an EFT setup with them.
I think even though Silver may go lower that 14~ it's at now, the premiums will continue to rise as physical (try gettign ASE right now) gets tighter.
I think I'm going to order 10oz today help lower my DCA, anyone want in? (note, there are shipping delays due to demand)
HoneyBadger
08-26-2015, 15:56
Provident 10oz silver bars $153.26, free shipping. I've got an EFT setup with them.
I think even though Silver may go lower that 14~ it's at now, the premiums will continue to rise as physical (try gettign ASE right now) gets tighter.
I think I'm going to order 10oz today help lower my DCA, anyone want in? (note, there are shipping delays due to demand)
Like a group buy?? [LOL]
HoneyBadger
08-26-2015, 15:59
Actually (IMO) it's when one goes to finance something. They get told Oh your credit score's very good. You could afford to upgrade to item X for another $50-100. With out fail the gullible snag that bait hook, line & sinker.
^ Agreed.
The major issue is our addiction to debt. Hell, you need a credit check for anything anymore. The radio is constantly advertising what good credit will get you. Guess what, the way you get good credit is by going into DEBT first. Hell, the fact that anyone even has a credit score is proof they purchased something they didn't have enough money for.
Debt-based transactions are the preferred method to do business.
Heaven forbid we SAVE until we can pay cash for anything anymore.
It's a messed up system.
Very true. I think most of us have fallen for this at one time or another. Sad that we are expected to be in debt and you're "weird" if you're not. Dave Ramsey talks about this a lot: that it's GREAT to be "weird" and make responsible purchasing decisions with money that you have.
Crazy ideas, right? That Dave Ramsey guy is an extremist! [Sarcasm2]
Use the credit card to get cool stuff like guns. Then hope the system crashes and you have the items without using cash. #Murica. ;)
HoneyBadger
08-26-2015, 16:09
Use the credit card to get cool stuff like guns. Then hope the system crashes and you have the items without using cash. #Murica. ;)
That may have been a factor in buying an expensive house that I won't be in for more than a few years.... At the current rate, the mortgage will just inflate away, right? [dig]
Like a group buy?? [LOL]
You trying to get this thread shut down son? [dig]
HoneyBadger
08-26-2015, 16:11
You trying to get this thread shut down son? [dig]
Maybe... I'm on a roll today! ;)
Great-Kazoo
08-26-2015, 16:26
Maybe... I'm on a roll today! ;)
Try a chair, easier to sit on. AND more comfortable. Unless it's a baguette . You have embraced that CA "lifestyle"
Got in at $153.42/10 oz x 10. Not too shabby and will help lower my dca.
sellersm
08-26-2015, 18:34
Interesting quote from SilverDoctors.com (bold underline added by me):
its turning into a mad dash for any type of any type of physical anyone can get their hands on (wholesalers, retailers, and investors)…
Seen quite a jump in the past 24-48 hours on premiums on everything. Silver Eagles have jumped .60-.75/oz, and maples about the same.
I still think we’re looking at the potential for 2008 style premiums if we get any further price weakness below $14. There's just no supply out there. New orders for sunshine products are now shipping end October/early November!
Great-Kazoo
08-26-2015, 19:41
Interesting quote from SilverDoctors.com (bold underline added by me):
I called Erie G& S . They told me 5 weeks out , minimum.
Provident is showing 10 business days delay on their own 10 oz bars.
Silver.com ASEs are pre-order shipping 10 September on orders today.
Stevensje
08-26-2015, 21:59
What is a realistic price point for ASEs? Or what premium should I expect? 25%
What is a realistic price point for ASEs? Or what premium should I expect? 25%
Online, premiums for ASE ar running 30-40%.
https://comparesilverprices.com/
Great-Kazoo
08-26-2015, 23:13
Provident is showing 10 business days delay on their own 10 oz bars.
Good thing i got in on a deal.
Provident 10oz silver bars $153.26, free shipping. I've got an EFT setup with them.
I think even though Silver may go lower that 14~ it's at now, the premiums will continue to rise as physical (try gettign ASE right now) gets tighter.
I think I'm going to order 10oz today help lower my DCA, anyone want in? (note, there are shipping delays due to demand)
Good thing i got in on a deal.
I'm down $1,800 on my silver stack but will keep buying all the way to the bottom assuming I can get physical delivered. Then it's to da moon! [LOL]
I'm down $1,800 on my silver stack but will keep buying all the way to the bottom assuming I can get physical delivered. Then it's to da moon! [LOL]
I'm ramping up my purchasing again too, a little at a time, making a dent in my average cost per ounce... It's still just discretionary spending money, not "investment" level amounts, but it is still a very nice insurance policy that I'll liquidate someday, or give to my loved ones when I die.
I'm ramping up my purchasing again too, a little at a time, making a dent in my average cost per ounce... It's still just discretionary spending money, not "investment" level amounts, but it is still a very nice insurance policy that I'll liquidate someday, or give to my loved ones when I die.
PM's are not an investment for me, they're a hedge against inflation and TEOTWAWKI. That said, I should have been stacking cash the last two years instead of buying more silver. But if you're gonna go long, ya gotta stick with it.
PMs are flat, oil is certainly rebounding - WTI is over 47 and Brent is over 52.
http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/09/20150911_breach1_0.jpg
BushMasterBoy
09-11-2015, 19:47
I have been buying Philharmonics around $360 for a tube of 20. ASE's have been running about 400 bucks for a tube of 20. Too much premium for Eagles!
Batteriesnare
09-16-2015, 10:46
Silver is up 3.5%. Did we find the bottom?
Nah, we're just seeing volatility in all markets.
Ad supply is down so premiums are extremely high.
BushMasterBoy
09-16-2015, 12:17
Maybe a sign of a rise in the prime rate.
Great-Kazoo
09-16-2015, 12:43
I have been buying Philharmonics around $360 for a tube of 20. ASE's have been running about 400 bucks for a tube of 20. Too much premium for Eagles!
$20 per in bulk?? you're paying $1-3 too much, easy. Even when it was up to $18 i never paid more than $1.50 over spot, locally.
sellersm
09-16-2015, 14:00
FWIW, I do believe we'll see a rise in the interest rate, if not tomorrow then probably next month (they can do it at any time they want). Also, all I've read & heard indicates that silver's bottom is at $14.50 and is being tested right now...
No matter what, keep stacking!
4runner freak
09-16-2015, 15:39
$20 per in bulk?? you're paying $1-3 too much, easy. Even when it was up to $18 i never paid more than $1.50 over spot, locally.
Where are you buying them for so cheap?
I'd love to find them for $2 over.
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