Anything can happen.
XAU/USD & XAG/USD - Gold & Silver Traders Thread
- #12,301
- Oct 20, 2011 10:03am Oct 20, 2011 10:03am
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
- #12,303
- Oct 20, 2011 10:12am Oct 20, 2011 10:12am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
holy cow !
so much gold !! she must have spent millions on that !
No yellow metal = No wedding, there has to be some! but among the poor Silver still holds value
Another above average volume push down.
Looks like the bears are determined.
I'm hedged and patient.
I don't mind being hedged and obviously now would have no problem if the market moves significantly below my sell position.
I may risk de-hedging at some stage, but would love (absolutely love) to do so at 1400.
Amazing how the market can so quickly reverse my best case scenario.
Still watching and waiting. If this breaks below 1608, I will be paying closer attention.
- #12,307
- Oct 20, 2011 10:23am Oct 20, 2011 10:23am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
- #12,308
- Oct 20, 2011 10:24am Oct 20, 2011 10:24am
well she is a daughter of some big shot, but believe me every Indian wants to see their daughter leave like that, its a matter of Honour for them !
No yellow metal = No wedding, there has to be some! but among the poor Silver still holds value
Even if the nominal price falls, I will be able to use it for a business venture fabricating something down the road.
It's so curious that analysts argue silver's price should not rise because investors are not clear whether it is an industrial or investment asset.
Seems that versatility ought to work in silver's favour.
Here is a question:
Does anyone know whether silver's scarcity forecasted by the USGS is a pile of manure or whether this report is true?
I decided to buy silver quite a while back before I read this story, but have always thought it smelled a bit fishy.
- #12,310
- Oct 20, 2011 10:36am Oct 20, 2011 10:36am
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
Anything can happen.
- #12,311
- Oct 20, 2011 10:38am Oct 20, 2011 10:38am
- | Joined Feb 2010 | Status: Make Them Pay | 1,103 Posts
Anything can happen.
- #12,314
- Edited 12:11pm Oct 20, 2011 11:07am | Edited 12:11pm
- | Joined Oct 2011 | Status: Trader | 112 Posts
I'm young enough that I will be holding on to my physical silver.
Even if the nominal price falls, I will be able to use it for a business venture fabricating something down the road.
It's so curious that analysts argue silver's price should not rise because investors are not clear whether it is an industrial or investment asset.
Seems that versatility ought to work in silver's favour.
Here is a question:
Does anyone know whether silver's scarcity forecasted by the USGS is a pile of manure or whether this report is true?
I decided to...
I know this does not answer your question in relation to how accurate or trustworthy the US Geological forecast for Silver is, but regardless of how close or past Hubberts peak in Silver we are at present, there is another side to the coin, that being the exponetial population growth of the human race, along with an exponential growth of technology and in the use of Silver in said tech, these two exponentially growing factors will lead to an exponentially growing demand for silver, which will lead to an exponential increase in the rate of which we take it from the ground (the use of the word exponential seems to be growing exponentially in this reply)
It will be interesting to see how and when we reach a point when it is cheaper to harvest and recycle silver back out of the tech it is used in (I know this is being done atm on varying scales) than to mine it, but that being said as most silver is a "free" by-product from Copper mining, this may be quite far off..
Eitherway the faster the population and users and uses of Silver grows, what with Silver being a finite resource and all, it will disapear at an alarming rate....in fact at an accelerating rate. So say for arguments sake if we have already taken half the Silver from the ground you could say that the bottle is half full of bacteria and it is one minute to 12.00
I feel this part of the equation is more predictable and knowable than how much is left underground.
How young are you? how long have you got?
Of course the population growth rate is not a steady rate but
The world's current growth rate is about 1.2% atm which is a doubling time of 72 divided by 1.2 =60 years so at that rate we can "expect" the world's population of about 6.9 billion roughly to double into 13.8 billion by 2071 "if" the current rate of growth continues. (world's growth rate peaked in the 1960s at 2% and a doubling time of 36 years )
So eitherway there probably will be 3 billion or so more people on this planet in about 30-35 years time.. (barring acts of nature, or some sort of economic collapse that changes the face of the earth, I wonder which is more likely?) Out of them 3(ish) billion people, a fair few of them I would say will be end users (in varying forms of tech) or buyers of Silver... that is a lot more people to provide with gizmos.. so the race is on... how much economically viable Silver is there down there compared with the demand, compared with, when it simply becomes cheaper to use something not quite as good as Silver (but who knows in the future they may make some fractalised copper amazement which is just as effective or more than silver is today..)
Ramble over , I am going to oggle some charts
Wheels, Silver is true form of money and holds value of 1/7th of gold, if paper/plastic money is doomed, consider Silver going up to 1/7th of gold for sure.
But again its Industrial use won't let it go down too much, about half of silver produced is consumed by industries, so its here to stay
But again its Industrial use won't let it go down too much, about half of silver produced is consumed by industries, so its here to stay
- #12,319
- Oct 20, 2011 11:57am Oct 20, 2011 11:57am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
Or down.
But no one ever wants to think about that there are two directions price can travel.
i am learning here every day that is why i love this forum!