Funny (actually not so funny) how somethings occur in full view but no one sees the foreshadow.
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How about that silver?
- Thread starter gladysvjubb
- Start date
Funny (actually not so funny) how somethings occur in full view but no one sees the foreshadow.
I think these are silver
Yes, those are "standing liberty" quarters, from 1916 thru 1930...
They contain 90% silver and 10% copper, by weight..
For some reason these quartets wore out a lot more than almost any other US coin...
My guess is because they were in circulation during the great depression, and changed hands a lot...
Your quarters have almost "zero" value as a coin for collecting,
however, as of right now they have a silver value of $4.89 each, and maybe a one dollar premium.
Most I'd pay you for them today is 5 bucks apiece...
..
Silver 27.76 4:59PM EDT +0.56 +2.07%
St. Phatty
Active member
do you think there's validity to Harvey Organ's observation about massive paper selling ahead of options expiry ?
he says they try to drive the silver price down, since that affects the value of the options "they" are holding.
since options expiry is towards the end of the month, it means that prices drop ahead of options expiry, and then re-bound afterwards.
what's going on now is a good example of what Harvey is talking about.
options have expired, and prices are climbing back up.
his daily write-ups are works of art if you like ALL CAPS.
he says they try to drive the silver price down, since that affects the value of the options "they" are holding.
since options expiry is towards the end of the month, it means that prices drop ahead of options expiry, and then re-bound afterwards.
what's going on now is a good example of what Harvey is talking about.
options have expired, and prices are climbing back up.
his daily write-ups are works of art if you like ALL CAPS.
do you think there's validity to Harvey Organ's observation about massive paper selling ahead of options expiry ?
he says they try to drive the silver price down, since that affects the value of the options "they" are holding.
since options expiry is towards the end of the month, it means that prices drop ahead of options expiry, and then re-bound afterwards.
what's going on now is a good example of what Harvey is talking about.
options have expired, and prices are climbing back up.
his daily write-ups are works of art if you like ALL CAPS.
I've heard that this is what "they" do so that the calls they sell expire worthless, or the puts they hold increase in value. Never heard of harvey.
I've seen it happen, but why bother getting too concerned about it? Why not just use that "manipulation" and act accordingly....sell some call options to book some cash at expiration. Banksters aren't the only people that can sell options, anyone can.
Of course, its not a sure thing, and the POS can barrel right through the strikes you sold, but that risk is what you get paid for when you sell options.
For Ebay's 25th Anniversary, they sent many of the OG members a $25 gift card, so check your inbox's!!
My first thought was to put this towards an ounce of silver, not much, but every little bit helps, yet the coupon code wasn't valid for items in the coins/bullion section. Looking for a loophole, I searched for silver in "Collectibles" and found plenty to choose from. I decided to go with a generic 1 ounce bar and after the coupon, paid $10.70
As I've always said, just squirrel away a little at a time and it really adds up!
My first thought was to put this towards an ounce of silver, not much, but every little bit helps, yet the coupon code wasn't valid for items in the coins/bullion section. Looking for a loophole, I searched for silver in "Collectibles" and found plenty to choose from. I decided to go with a generic 1 ounce bar and after the coupon, paid $10.70
As I've always said, just squirrel away a little at a time and it really adds up!
St. Phatty
Active member
well when the manipulation results in Silver being on sale for 15 minutes before they sell out, i tend to buy. so I perhaps benefit from the manipulation.
but I would like to know more about it.
We get the "macro" numbers, and the CFTC has Commitment of Traders reports that break it down a little bit.
When someone sells 1 or 6 months's worth of Silver production in a single 2 hour session, or a day - taking a much lower price instead of being patient and getting an extra $1 an ounce - I do have to wonder who is so DESPERATE to get rid of their Silver, so fast.
having a BIG LIST, of who traded what & for how much, would be educational.
Do you think it could be related to hedging contracts?
yeah, this is clearly activity that is not intended to get the highest price...I think most bugs would agree the intent is to drop the price to get a sell stop cascade going so they can cover their shorts. Wash, rinse, repeat.
what we need is a physical market that drives the price of paper, not the reverse that we currently have. It'll be a great day when the lack of backing become apparent, and the physical market takes over. I have some popcorn ready for if/when that occurs.
imo, probably not enough to substantially control market movement. More likely, imo, large naked sellers (bullion banks) who have the resources to push the price to minimize in the money expirations.
Silver 27.11 4:59PM EDT +0.24 +0.89%
St. Phatty
Active member
the online etailers were paying 50 cents above spot for Silver.
now they're only paying 10 cents above spot.
what does that mean, if anything ?
now they're only paying 10 cents above spot.
what does that mean, if anything ?
Silver looks to me to be about done in bottoming in this consolidation we've been in. It takes a while before the next little run can get its legs, but slow starts like this can lead to really nice moves in the near-term. Seems like it wants to run up to test the $29-30 zone again. If it does indeed run soon and do this, it'll be interesting to see how strongly or weakly it tackles the zone.
One the other hand, if a deeper pullback happens and we have to wait longer for the retest of 50, just gotta be a bit more patient and keep an eye out for actual metal with reasonable premiums. Given the global printing presses, 50 is inevitable, just a matter of when...and keep in mind, 50 will be n the review mirror at some point in the future.
One the other hand, if a deeper pullback happens and we have to wait longer for the retest of 50, just gotta be a bit more patient and keep an eye out for actual metal with reasonable premiums. Given the global printing presses, 50 is inevitable, just a matter of when...and keep in mind, 50 will be n the review mirror at some point in the future.
St. Phatty
Active member
50 in 1980 dollars, or 50 in 2020 dollars ?
2020 dollars, or perhaps 2021 dollars.
1980 dollars are extinct, and the official inflation rates since the 80's never really reflected true monetary expansion, so even a calculated 2020 dollar equivalent to the 1980 dollar would likely undershoot substantially.
Silver 26.92 4:59PM EDT -0.37 -1.34%
Whenever I see a Coinstar, I check the return slot for anything Pre-1965, as it gets automatically rejected.
Premiums drop when dealers don't need supply. Be glad to be getting spot, especially for a bar. Silver is a patience thing. Right now, printed money is going into stocks, while we wallow in silver.
I do not chase the market bubbles, anymore. And any metals I may have lost in my boating accident are, er I mean were, for currency collapse insurance.
Our currency collapsing is a very real possibility in the 25 years I may have left to watch this clown show of greed go down.
I do not chase the market bubbles, anymore. And any metals I may have lost in my boating accident are, er I mean were, for currency collapse insurance.
Our currency collapsing is a very real possibility in the 25 years I may have left to watch this clown show of greed go down.
so do I
got about $3 in coin silver over the last few years
plenty of foreign coins too
Ya I find a lot of foreign coins and wheat pennies.
