SILVER

[Pixel8r]

My holdings;

 

40% Silver

20% Gold

40% PM stocks (60% silver miners 40& gold miners)

[G0ldfinger]

Percentages ... $$ or ounces? The wonders of fiat ...

[romans holiday]

point of fact, I actually agree with you that a sell-off to $16 is possible (though how likely that is now I am unsure). However, the difference between us is that I did not sell my core silver holdings, hence if we don't get back to $16 (or below) and go on from here to take out the previous high and then make new highs, is it fair to say you might rue the day you sold up on your silver stockpile?

 

time will tell and if you feel that being heavy gold and usd and light silver is your best strategy, then good luck with your decision.

Whether or not silver does sell off doesn't really affect me that much as I swapped most my silver for mostly gold... so I won't really rue the day.

 

The only difference in my strategy to others is I perceive silver to be riskier than gold.

 

I'm actually quite bullish silver, but more bullish gold.

 

I think there may be some confusion here. I'm NOT looking to re-establish a core position in silver [my core bullion is in gold]. Because I think the dollar could do the unthinkable, I will look to trade silver against dollar in order to accumulate dollars. This is a hedge and a quite unorthodox approach, and reflects my views on deflation.

 

Gold 50%

Silver 10%

Dollars 40%

 

DA's PM holdings:

 

gold 25% silver 55% pd and pt 20%

Just PM holding, or your liquid holding [no cash?]?

[romans holiday]

From my journal:

 

http://www.greenenergyinvestors.com/index....st&p=161244

All that's shiny is not gold, and exited my silver trade at 17.90. I find it an easy trade to make - psychologically speaking - as am also bullish on the dollar, for the next couple of years anyway. And silver I think will remain super volatile against the dollar. Also making this trade easier, is that I can consider it a hedge [dollar proxy] against my rather large buy and hold approach to gold.

 

If I get this speculative trade wrong and silver does break out to the next level, the chances are that it will still remain volatile and likely dip at some point to where I exited, thus enabling me to get back on board. I think this is quite unlikely though, and think silver will remain in the range seen this year. Being both a gold and dollar bull gives you quite a different perspective on silver. ... though I'm also long term bullish silver.

 

Though the profit on trading unleveraged silver/dollar may not be huge, it is still significant when you consider it doesn't involve buying a risky asset or losing your "liquidity preference".

 

Yet to buy VXX, but am now thinking of buying with less at a later and lower price if it comes.

 

As this post shows [when I sold 6 months ago], I fully recognized this trade is speculative and nothing to do with certainty, and neither with one's "core position". But more than a speculation, for me it is also a hedge. It doesn't really matter if I get it wrong and silver breaks to the upside, because I haven't sold my core postion in gold. It is also more likely than not that I'll be able to regain my "trading position" [at 17.90] due to silver's super volatility.

 

It helps if a couple of distinctions are kept in mind:

 

1] the obvious one that silver is silver, and gold gold.

2] the difference between a speculative trade and a core position.

 

Does anyone think it is a better idea to leave this thread to "silver bugs", and that if speculative positions on silver must be discussed it would be better to do this on a separate thread?

 

 

 

 

Just another spike, or can it make a convincing break to the upside?

[dietcolaaddict]

Like a polar bear before winter, this time of year I intentionally get as overweight as I dare to on PMs. It's the best practice IMHO to take advantage of the seasonality trends. Paycheques for the rest of the year are to restore some cash savings and to pay for the festive season, which is always expensive for me. I can then build a new savings pot from the new year onwards, either for more PMs in the autumn or for stocks should there be a nice crash to make them cheap again. I'd like to diversify more into some boring, safe blue chip stocks, but will only do so following a stock market crash, which I think may be a real possibility In my (non-expert) opinion. .

 

My holdings:

75% Gold

5% Silver

5% Platinum

15% GBP-based assets (I do want more equities here, but only post-crash)

 

I prefer holding gold through the doldrums season (less downside), so may swap my Pt and Ag for Au next year, as I have done in previous years. I don't consider a once-a-year swap of metals as trading, I see it more as a PM equivalent of "switching fiat money from one bank account to another", something people do to improve potential returns, or indeed to reduce risks or to improve access/liquidity of savings.

[duckwomanloulou]

My holdings

40% Gold

10% Silver

50% Sterling

[nicejim]

It's always good to have your assumptions and opinions challenged. This video may shake up some of the silver investors here and make you rethink your approaches.

From:

 

I've only got one Zimbabwe note but since it's over 2 years past its "on or before" date it's probably quite valuable now.

[Crashman begins]

 

A lot of what he says makes no sense, like cash is Green and smells, but Silver has no smell

 

but... could he be right in the long run ?

 

http://www.newzimbabwe.com/business-3169-S...r/business.aspx

 

Still, the coalition government appears divided over the issue with members of President Robert Mugabe’s Zanu PF insisting on re-introducing the Zimbabwe dollar while the other coalition partners argue that the country’s economy has not recovered sufficiently.

 

 

[electroweak]

It's always good to have your assumptions and opinions challenged. This video may shake up some of the silver investors here and make you rethink your approaches.

 

I've only got one Zimbabwe note but since it's over 2 years past its "on or before" date it's probably quite valuable now.

Jesus christ, what a fool. I have some 100Tr Zim$ notes for a reminder to me of where paper can go. This guy has invested his savings in 'green banknotes' because 'everyone knows money is green' ... what? Jeez, there is one born every day!

What a prize plonker.

[G0ldfinger]

You guys are telling me that this is not a spoof?

[Carlton]

You guys are telling me that this is not a spoof?

Ding, ding.

 

I thought it was superbly done; I would have busted out laughing if I had tried to record that.

[jerpy]

I don't consider a once-a-year swap of metals as trading, I see it more as a PM equivalent of "switching fiat money from one bank account to another", something people do to improve potential returns, or indeed to reduce risks or to improve access/liquidity of savings.

 

Thats a good way of looking at it in my also untechnical eyes; another way is considering it as shopping around for insurance, kind of gives you a warm feel when you think you have a good deal switching providers every now and then.

 

Just wonder if the premiums are going to rise this year? Moving up again.

[electroweak]

Does it feel like some big short has taken advantage of the selling after the Jobs numbers, or what!?

 

PS: CID having a special offer tomorrow.

As of early Saturday morning,?September 4th?2010, we will be offering a fantastic silver

coin at a very special price!

 

We have made sure to have sufficient stock but as always the offer is only valid whilst

stocks last!?Visit our website www.coininvestdirect.com?on Saturday?to find out more!

[grumpy-old-man]

saved before it drops back down next week:

 

 

nearly there now.......

[Perishabull]

You guys are telling me that this is not a spoof?

 

Are you telling me that these guys didn't see a spoof when it came along, bit them on the arse, drew blood, pulled the red hot poker out the fire, and shoved it up their [redacted]?

 

 

 

PS Forget Zimbabwe dollars, go for US ones

[azazel]

Does it feel like some big short has taken advantage of the selling after the Jobs numbers, or what!?

 

PS: CID having a special offer tomorrow.

 

Its just a 1kg Libertad for £512.49......

 

Shame its not BOGOF......

[nicejim]

Interesting...CID is now selling US junk silver

 

http://coininvestdirect.com/en/silver_coin...ngton_type.html

http://coininvestdirect.com/en/silver_coin...evelt_type.html

[Pixel8r]

[drbubb]

... from DrB's Diary ...

1/

The gold/silver ratio has, broadly speaking, been trading within a channel recently, when the ratio has turned it has corresponded with turns in equity markets on quite a number of occasions. At 62.8, the ratio will have now broken out to the downside of the channel (not shown on chart).

Indeed, it has broken a trendline.

Thanks for the chart and comment. Did you look closely at mine?

In a position like this, it is not uncommon for a Ratio to make a brief "false break", and then move to the opposite side.

This week will be interesting.

 

2/

You have had years to accumulate a position in gold and gold shares at much lower prices than any correction could bring now. This quote by Richard Russell seems apt to the traders on here;

And so I did, and made a 7-figure profit when I sold it!

Much of that profit is now sitting in cash awaiting a better investment opportunity

 

3/

If you are wanting to see Silver up, then you'd better hope that Bonds/TLT will drop below the gap it filled on Friday

 

All the best rallies in Silver happened when TLT was going sideways or down.

So if TLT jumps, Silver may have trouble making any upside.

 

Friday's SLV volume was decent, but less than the last high.

[Jake]

Its just a 1kg Libertad for £512.49......

 

Shame its not BOGOF......

Or 466 pounds in Europe...

[aardvark]

Interesting...CID is now selling US junk silver

 

http://coininvestdirect.com/en/silver_coin...ngton_type.html

http://coininvestdirect.com/en/silver_coin...evelt_type.html

 

 

and yet they also add vat - i thought 2nd hand silver doesn't have to pay vat?

[azazel]

Silver looks good to take out $20 and make a big move up. Does anyone else see cup with handle in USD silver chart? The bottom of the cup is at $10 and the top at $20 which implies a powerful move up to $30.

[nicejim]

and yet they also add vat - i thought 2nd hand silver doesn't have to pay vat?

I'm not sure about that, but I did find this

 

http://petitions.number10.gov.uk/SilverVAT/

"We the undersigned petition the Prime Minister to Abolish VAT on Silver Coins and Bullion to bring equality with the No-VAT position on Gold"

Deadline to sign up by: 03 June 2010 – Signatures: 27

 

 

Boy, has silver NOT gone mainstream!

[dietcolaaddict]

I'm not sure about that, but I did find this

 

http://petitions.number10.gov.uk/SilverVAT/

"We the undersigned petition the Prime Minister to Abolish VAT on Silver Coins and Bullion to bring equality with the No-VAT position on Gold"

Deadline to sign up by: 03 June 2010 – Signatures: 27

 

 

Boy, has silver NOT gone mainstream!

 

I agree, silver is not mainstream. Neither is gold until people are buying, rather than selling, at 'Del Boy's gold bullion stall' at the local marketplace or until Moneysavingexpert/ThisIsMoney/WakeuptoMoney are championing it as a buy-and-hold investment.

 

However, that petition is a trap. How many PM holders are going to give their name and address? Especially Silver holders given the bulk of holding a decent monetary amount - you can't keep that bulk in a safety deposit box, and since you want VAT removed, you have presumably taken delivery. Its a list of people who have silver stored at home, surely........

[Pixel8r]

Silver looks good to take out $20 and make a big move up. Does anyone else see cup with handle in USD silver chart? The bottom of the cup is at $10 and the top at $20 which implies a powerful move up to $30.

Yes I have been thinking for a while that we are on our way to around $30. I also see the GSR dropping back to below 50.

 

Here's a graphic to illustrate your point;