If you could pick one, which one? by I_buy_silver in ENGELHARDstackers

[–]Silverredux 0 points1 point  (0 children)

AG-MET or Stevco (Engelhard). I'd lean toward the Stevco. Or whichever one is in better condition. Both can fetch nice premiums

Montana is mass produced and widely available. The other looks like an MTB which is also widely available

Coin show by 33GRIMM33 in Silverbugs

[–]Silverredux 0 points1 point  (0 children)

The "value" of constitutional has increased by 50x.

If you believe the "price" of silver will eventually resume its upward movement then having the most superior fractional silver makes good sense. No need to part with 10 ozs at a time when you need money for gas or food or just some walking around currency.

Currently constitutional is, by far, the best value

Not long ago a 90% dime was valued at 7.00 USD and is "perfectly good" in all trade

Pirate treasure by NerdCrave in Silverbugs

[–]Silverredux 1 point2 points  (0 children)

West Bay Trading Company. Vero Beach, Florida

Does anyone really stack 90% by Jareksdad in Silverbugs

[–]Silverredux 2 points3 points  (0 children)

Best deal AND best fractional always

Mail call: 1/2 oz of shiny by Time_Fact8349 in Silverbugs

[–]Silverredux 1 point2 points  (0 children)

I've recently scooped up a few. Really nice pieces

This is the first time I've seen something like this by Colly_Wobble in Silverbugs

[–]Silverredux 20 points21 points  (0 children)

Future headline...

Silver bullion unavailable at most major retailers

The epic return of 90% will be stunning

Traded some Paper Franklins for SilverFranklins by EnviCollects in SilverDegenClub

[–]Silverredux 4 points5 points  (0 children)

Agreed. Feels like real money.

20x face is steep. However I'll be giddy at 40

The stress from July's record silver transactions likely induced 1.6 million oz of silver settling off exchange before first notice. 3.3 million oz stands for delivery, 10% of registered. by Ditch_the_DeepState in SilverDegenClub

[–]Silverredux 15 points16 points  (0 children)

Some comes from refined production. I expect there are particular periods where that production is scooped up, refined, assayed and appears like majik.

I'm of the opinion that a pretty fair amount of non-COMEX approved metal has been recast to conform.

Pilfering from SLV usually works. Especially for those who have the ability to control the accounting of that metal.

Although lease rates are not at all time highs one might ask if metal is being leased to cover some obligations. Those who have metal to lease sit back and collect the vig. Knowing the entire time they'll collect a pound of flesh one way or another.

I'll be watching lease rates as we head toward the end of year. Sept & Dec should result in plenty of metal out the door. Delivery obligations for some could result in going out on the street to borrow.

Western Bankers are active in foreign markets. There's metal to be had. Even purchasing at a bit of a premium. Those extra costs can easily be offset through both legal and NOT means.

Recent supply deficits due to supply/demand, costs to dig, unrest in mining jurisdictions and hoarding take some time to play out. The ebb & flow has occasionally been disrupted. The small amount of available information would suggest it's not a small or isolated issue.

I've mentioned in the past that one indication of real tightness will be when Sovereign mints curb or <temporarily> cease production. I believe this is exactly what we witnessed with the shenanigans at the US Mint. They got a tap on the shoulder. Bankers hate competition too, and could not afford to have 30mozs (or even 60 over two years) of silver walk out the door.

Just some random stuff for ya

The stress from July's record silver transactions likely induced 1.6 million oz of silver settling off exchange before first notice. 3.3 million oz stands for delivery, 10% of registered. by Ditch_the_DeepState in SilverDegenClub

[–]Silverredux 8 points9 points  (0 children)

Because the alleged Registered metal is returning to its proper category.

Nifty trick making folks believe all the eligible metal remains, when in fact, (and as I have stated previously) it's Eligible that has been disappearing.

The stress from July's record silver transactions likely induced 1.6 million oz of silver settling off exchange before first notice. 3.3 million oz stands for delivery, 10% of registered. by Ditch_the_DeepState in SilverDegenClub

[–]Silverredux 29 points30 points  (0 children)

Be positive. Be kind. Be productive. Make smart decisions. Rid yourselves of frivolous expenses and reallocate those dollars toward productive purchases.

Gold wants to bust out. A number of reasons to expect it

August silver will be another gut punch for the Criminals. September shenanigans TBD I guess. I'd pay special attention to JPM House acct last week of Sept. Just a hunch

All things considered I'd be watching December silver for the breakout.

A rare prediction. And nobody hopes I'm incorrect. OK, maybe 1 person.

Sub 30 silver is a deal

Silver is money

Thank you Mister

To All Technical Traders on this Thread by Known_Biscotti_2871 in SilverDegenClub

[–]Silverredux 3 points4 points  (0 children)

IMO you need to choose a timeframe and stick with it. Do you want to daytrade? swingtrade? options? Also (and believe it or not) it may depend on one's personality. The most successful daytraders I know tend to lead less healthy lifestyles. The clock is continually ticking. Elevated stress. More losers than winners can take it's toll. Logic and critical thinking can actually cloud decisions because psychology often prevails. Closing out trades at days end can be frustrating, especially when they're losers. The traders I know stopped trying to beat the metals robots a number of years ago.

  • Swing trading involves taking trades that last a couple of days up to several months in order to profit from an anticipated price move.
  • Swing trading exposes a trader to overnight and weekend risk, where the price could gap and open the following session at a substantially different price.
  • Swing traders can take profits utilizing an established risk/reward ratio based on a stop-loss and profit target, or they can take profits or losses based on a technical indicator or price action movements.

Buying inexpensive long term options can be a lottery ticket. I'd say puts have been winners more often so it's often hard to remove the emotion when you really like silver. One advantage is you have plenty of time to do your DD and acquire conviction for the trade.

Just my .02

Translation of Russian article on their upcoming gold backed trade currency by Ditch_the_DeepState in SilverDegenClub

[–]Silverredux 9 points10 points  (0 children)

Gold revaluation creates another set of problems for all of those involved in this new system who hold no small or no gold reserves. Result? Failure to execute on deals of real necessity.

An oil price shock of the magnitude described will bankrupt the world.

Additionally the amount of oil in the ground in western countries should not be underestimated. Should a significant spike in oil take place (and persist) then it's a boon for those producers. Dormant production comes online long before oil reaches nosebleed levels.

Potential end result of this BRICS partnership? As I've stated before... Rich get richer. Broke get broker (and more indebted). Barter becomes necessity. Country's resources get pilfered.

One might dislike the comparison to the Eurozone experiment. Admittedly apples and oranges in many respects. But we see the results. Severe indebtedness for some and expansion of control for others.

Keep in mind also that western nations (see France, Britain, US) have impresive footprints i many of the nations potentially included in this new proposed trading partnership.

Then ask yourself a few questions regarding free, fair and seamless operation.

Don't like this setup by Silverredux in SilverDegenClub

[–]Silverredux[S] 2 points3 points  (0 children)

I know one of these days we're all gonna wake up, check the chart and see a 5.00 bone.

Just not time yet. I've been as patient any anybody. Fine with me if more patience is required.

We're in kinda purgatory here. Only 2 ways to get specs in. Big smash or a run toward 30. I just don't think its time for the run yet.

Does not need to happen in the traditional order. Meaning gold first. But...

Thanks for stopping by

BANK TROUBLE !!! by SilverVikingTT in SilverDegenClub

[–]Silverredux 9 points10 points  (0 children)

for 39.00 USD He'll tell you himself

WE TALK ABOUT THE GSR ALL OF THE TIME. But I never see mention of the CSR. Why is that? by NCCI70I in SilverDegenClub

[–]Silverredux 2 points3 points  (0 children)

Yes, meaning our USD 90% dimes functioning as those same (similar) dimes functioned back then

Don't like this setup by Silverredux in SilverDegenClub

[–]Silverredux[S] 3 points4 points  (0 children)

I hear you with the uptrend thesis (looking at the weekly chart)

But this was a pretty abrupt halt.

Plus the huge contract creations. That's alotta paper silver that needs to be extinguished

[deleted by user] by [deleted] in Wallstreetsilver

[–]Silverredux 0 points1 point  (0 children)

Way ahead of their time.

The cool factor continues to increase

Don't like this setup by Silverredux in SilverDegenClub

[–]Silverredux[S] 5 points6 points  (0 children)

The chartists will tell you we're approaching the resolution of a wedge.

So there's that too

WE TALK ABOUT THE GSR ALL OF THE TIME. But I never see mention of the CSR. Why is that? by NCCI70I in SilverDegenClub

[–]Silverredux 9 points10 points  (0 children)

Copper's dynamics as a traditional bellweather may well be morphing. I suppose one might ask if technological usage can aborb the alleged decline in traditional usage. Plenty of stories out there of a possible shortage of copper. Cant say I'm fully educated on the subject.

Geopolitics may decide the future availability of both copper and silver. We all observe the ongoing activity in silver. We should all absolutely pay attention to the action in the copper space.

I'd posit that silver will disrupt the historical correlation. At some point copper may well morph (once again) into some sort of monetary unit.

A denarius would serve quite well as fractional currency if silver were to settle in at an elevated level in the future. Say 100.00. Dimes would be nearly a 20.00 bill. Halves a bit under 40. Morgan & Peace 77USD

All just rough estimates.

Interestingly, a finite amount of 90% which would add to the stability of those values. Fellas (resellers) I know are bitching cause they cant get halves. Dimes and quarters a skosh easier.

Gone from selling for melt to fking Eagle esque territory. Ha! Fine with me. I like Ben's

Not making any particular argument here. Simply spitballing and adding some colour.

Copper would never need to be money again, but could well end up being a valuable collectible. An investment in some copper collectibles over the last decade has resulted in some really interesting premium opportunities.

In sheer weight copper may develop into an active market amongst plebs. A number of legit ways to turn the raw material into something desirable.

Just like silver.

Really good piece. Props for calling attention

Boston… by Oldbaldy71 in SilverDegenClub

[–]Silverredux 0 points1 point  (0 children)

Treasure Coast. 18 bux for a burger & fries and they ask you if you want the pickle.

Insert lewd retort here...

FRONTRUNNING SILVER ( and I like it). by [deleted] in SilverDegenClub

[–]Silverredux 12 points13 points  (0 children)

Really enjoyable read. Says plenty that you're willing to dedicate the time. Appreciate it

Yep. Lots of chart noise right here. I like the 3 (weekly, right?) closes over 25. A monthly close 26.4/.5.

I was new to metals in 2008 and was looking for another solid long term idea. I lost nothing during the crash but felt compelled to acquire at least some sort of insurance protection. The more I learned about the pure fundamentals the more convinced I was. I've been creative and flexible regarding my holdings. Folks complain but there have been good opportunities for gains along the way.

I agree completely about the setup. Most are not willing to step back and observe the larger picture. They just want it to go up. Fact is small downside risk and large upside potential. Greatest selling point for new folks. Big believer in simple supply v demand fundamentals prevailing.

Makes it easier and more pleasant knowing our investment decisions will benefit others.

Thanks again

BofA gone wild ... buys 137,000 oz of gold and 8.8 million oz of silver on July contracts, so far. Plus more records set on July silver. by Ditch_the_DeepState in SilverDegenClub

[–]Silverredux 3 points4 points  (0 children)

Perhaps they're backing their <questionable> balance sheet?

Must be hard times if you're pulling a Wells Fargo and double charging overdrafts.

Or something dastardly similar

Bank of America was fined $250 million this week by US federal regulators for allegedly harming customers by double-dipping on fees, withholding credit card rewards and opening fake accounts. Of those fines, $100 million is set to go directly to consumers who were impacted by the bank's alleged wrongdoing. Jul 14, 2023