/biz/ - Business & Finance

Why did I fucking buy gdx calls on margin on Friday I hate myself fuck

FWTDHWAHQUD status -- {still in bed}

>>22686544
goddamn it lads these junior miners and bull etfs are crab nation

And here's the dump I kept getting flamed for calling last week.
A great buying opportunity is coming don't jump in yet.

>>22686589
My understanding is that it could be this way until next year or possibly even the year after. We are in this for the long-haul.

Does anyone here buy bullion with crypto? I have a good amount of tether/eth and was wondering what the best site would be to buy gold and silver with them?

I manage my parents retirement fund and i just bought them 1000oz of Physical allocated silver... what have i done?

Are the schools open or closed by the way

>>22686614

The COMEX paper price of metals doesn't matter any more. Let it sink. It's rapidly losing all credibility. We'll be buying directly from the miners soon. I don't even think the mining stocks will dump beyond a certain floor, they never do. Remember when we had a pan-sell-off before, Tesla dumped 20%. GDXJ and SILJ went down 6% at first, but ended positive on the day. Very few people are stupid enough to sell mining stocks at this point.

>>22686644
you did great man, unless they need that money right now you're good

>>22686644
I absolutely fucking hate you because my tetrad family won't allow me to put on fifth of our stocks and shares money into getting a 500oz monster box of Silver Brittanias. Despite the fucking fact that we have that much money, entirely because of my stock choices alone and nothing else.

>DXY up because USA is struggling to meet inflation target
>meanwhile, CPI inflation metric is horseshit and everyone knows it

What mean?

AAAAAAAAAAAAAAAAA
FUUUUUUCCCCKKKKKKKKK
SHIIIIIIITTTTTTTT

>>22686644

physical holders are fine

but today is going to hurt on a mining front

>>22686612
Based, I wanted to spend 400€ but will wait.

I'm going to ask to be a bit spoon-fed here.

I own real estate, physical and mining stocks (500k, 1000oz Ag 12oz Au, 30k). I've been diversifying a bit between majors and juniors, 50-50 and 50-50 between gold and silver producers.

In the recent couple /pmg/ threads I've understood the case for buying more speculative assets, because after all those stock are my F-u money, make it or die. My question is then : should I go all-in on the smaller market-cap miners ? How would you diversify 30k ? Buying 2-3 stocks or more like 7-8 ?

If someone would advise me it will be great, don't hesitated to provide additional info or more general guidelines so others can learn from it

>do your own research

Actually I'm a geologist so I understand a lot about those companies, I just have trouble understanding the speculative mania that could happen in a bullrun.

Bond chads win again, gold cucks lose

>>22686612
ty.
May pick up my first 2 oz of gold next week.
Really wish I had woken up years ago.
>the ICIJ reported that the files contained information about more than $2 trillion worth of transactions between 1999 and 2017, which were flagged by internal compliance departments of financial institutions as suspicious.

>>22687045
bonds are a scam. imagine living in the most politically and economically volatile period in our history and investing your capital in literal DEBT. kek

https://www.youtube.com/watch?v=TzSxElMq4gQ

WTF IS GOING ON
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
BLOOD IN THE FUCKING WATERS WE TOUCHED BELOW 26$ HOLY SHIT WHAT IS GOING TO HAPPEN NEXT

>>22686612
When entry

>>22687160
ARE WE GOING TO BREAK WEEKLY SUPPORT?!?!

>>22687133
>>22686544
wtf is up with silver the past 24 hrs?

>>22686612

The spot price could dump all the way to $0. All it represents is empty paper-trading on the COMEX, and the COMEX is rapidly losing all credibility. The spot price dumping is not going to change the price of physical beyond a certain point, nor will the miners dump beyond a certain point. People understand what's going on now.

ATTENTION
*ATTENTION*
WE HAVE BROKEN A MONTH LONG UP TREND
PREPARE FOR BLOOD ON THE STREETS
IN THE ALLY WAYS AND PARKS

>>22687130
bonds are backed by US army and the FED. Gold? lmao worthless yellow metal

>>22687302
It's just paper price. As we drop, physical demand will be there and premiums will rise further.

>>22687307

You can't field an army without money. If the world dumps the dollar, that's it, the U. S. is finished. It doesn't manufacture anything, so it can't maintain its own army. It will go the way of ancient Rome, which also collapsed once its silver coinage was debased.

>>22687307
>backed by US army
This was funny in the first month it was introduced.

>>22687036
you're already in a really comfy position. I say go for it and split the 30k between the best 3 small caps you can find.

>>22687302
lmaoooooooooooooo its fucking over for you retards , this shit is going back to 15 bux where it belongs

oh no..

>>22687036
10-15 strong stocks seems enough for me, 3 is too little for sure. 3 core position though is good.

silver down 2.6% tesla up 2% premarket

silver -10% today

is there some sort of way to use my physical silver as collateral for a usd loan?

Generally on these dips it recovers shortly after...

>>22687496

Headfake. Silver spot price is meaningless for physical, and miners won't dump below their level on the 20th of July no matter how low silver goes.

>>22687400
NOOOOOOOOOOOOO
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
IT CAN'T GO LOWER
MIKE MALONEY SAID IT WOULD TRIPLE DIGITS
PETER SCHIFF SAID 50$ EOY

>>22687516
PAWN IT LOL

>>22687534
>spot price is meaningless for physical
>all physical is now cheaper
Can we stop pretending. If the spot meant nothing physical price wouldn't move but short of the spot going to zero, physical will continue to reflect spot

$22 by Friday!!!!!!!!1!

>>22687559
>PAWN IT LOL

>>22687584
https://www.jmbullion.com/1-oz-silvertowne-lady-liberty-silver-round/

>CC price for 1-19
>31.03
well
>cheapest price
>28.89 for 500+oz and wire transfer

>>22687584
>silver Buffalo finally breaks under $29.
I'll stick to Sprott funds today if I want to buy a small amount

Isn’t this just a buying opportunity?

>>22687623
Well you asked
KEK LOL

>>22687519
It won't

.........

>>22687666
CHECKED SATAN DIGITS
WE CAN ONLY GO UP FROM HERE
MIKE MALONEY SAID $100 EOY

1 minute FUCKKKKKKKKKKKK

>>22687689
Do you really think gold and silver will continue to dip?

Are any online sellers lowering their prices much with this dip?

>>22687036
personally I would throw everything at aurcana if I was an all or nothing gambler

supposed to be a big dip this week if anon is to be believed

>>22686544
Get utterly rekt PMbugs. How does is it feel to lose every day. Good luck waiting another decade to break even

>Muh store of wealth

>>22687689
>reddit notifications
opinion disregarded

Stop worrying so much, even if this shit drops down to 24 bux (which it won't) its still up when you're looking back two or three months ...

Why is gold and silver dumping together with the stock market?
Is everyone suddenly bullish on the dollar somehow?

>>22687818
You sell metals to meet margin calls, or to buy dips.

So as usualy, morning smack down, nothing new there.

However, what we are seeing is a growing # of people realising they just experienced a dead cat bounce in stonks.

Shits going to get real this week, if you can buy cheapies, go for it, but be very careful.

prepare your anus

>>22687818

The spot price you see on websites like goldprice, Kitco, etc., is meaningless. It's based upon something called the COMEX, a futures market where 100x the actual silver supply on earth is constantly traded back and forth. There's very little physical metal left there, and people are increasingly losing all confidence in it. You can learn about it here.

https://www.youtube.com/watch?v=KyAopYlD32k&ab_channel=PalisadeRadio

https://www.youtube.com/watch?v=wIjaoRVgOk0&ab_channel=PalisadeRadio

Silver is soon going to do what Palladium did a few years ago, and soar because of a deficit of the actual physical metal.

>>22687793
I have to make a big purchase this week but dont have position in aurcana or impact silver yet, this dip would make my choice pretty easy.

Just buy the dip bro

>the only one's panicking are just the spammers
Absolutely based general.

>>22687906

Get all the shares you can from the people who don't deserve them. I'm not selling a single share of either, no matter how low the spot price of silver goes.

>>22687771
My mistake, thought this was /smg/

>>22687789
No.

>>22687798
>BTC just under - 50% from ath
>SPY just under -10% from ath
>Gold spot just under -10% from ath
This kek gotta be investing in bonds, lmao!

>>22687818
people liquidate paper "silver/gold" contracts that equate to 2x yearly supply of ACTUAL metal fairly often anon.. they are not actually selling physical metal.

They let the leveraged derivative determine the price of the asset, its bonkers and criminal once they are found out.

its just like using TQQQ to determine the price of the NASDAQ.

hi PM fags, im doing my own research on junior miners right now. Can you recommend me a platform where i can buy into some of these companies' shares without doing much KYC and giving up all privacy about my persona?
Would be great to buy them shares using crypto, but i guess that's not really an option.

This is the part where we put our heads back and go
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

DEATH
CAPITULATION WHEN?

>>22688149
Why? Unless you own paper silver.
This is a great opportunity. Wait and buy.
The total collapse of the global financial system is less than 5 years away and you're crying because precious metals are going down in value.

>>22688149
>I'm selling my less sold off iron ore miners for more silver and zinc miners

>>22687260
Yes, this is one of those wait and see days, I’ll check the dealer price in a few days to see what the actual price of gold and silver are.

>>22687510
-4% and counting

I just bought ten more ounces so it will dip further, you're welcome

>>22688226
If you're on a rollercoaster you may as well enjoy it.

>>22688301
center of the universe detected

>>22688301
Thanks pal

DXY HAS REBOUNDED
93.50
I REPEAT
>DXY HAS REBOUNDED
FED INJECTION
QE 12.0
DEFLATION
FOLLOWED BY ASSET BUBBLE
FOLLOWED BY INFLATION
HYPER INFLATION
FINAL CAPITULATION DEATH
CHECK EM

>>22688377
CHECKED
YUGE BUYING OPPORTUNITIES HERE
JUST WAIT TILL WE BREAK THE 12 SIMPLE AND MONTHLY EMA OH BOY LOL

Giga Metals down another 25% within five minutes of trading.

>>22688468
HOLY SHIT
DO YOU SEE WHAT I SEE?
RED

>>22688489
Are you this bored anon?

>>22688468
From the little I’ve heard about that situation, it sounds criminal and should result in arrests.

>alexco dumping so hard
Right when I wanted to get rid of the few share I have on it to invest into another small cap. Sad.

>>22688249
-4.7

So how long is the silver dip going to last for this time? They can't keep getting away with it.

I cant wait to go to my LCS today, more spot silver, but now I get 4% more! I hope it stays red until 5 today

The dump was inevitable but perma bulls wouldn't listen.

>>22688645

I'll recapitulate for people who weren't here yesterday. Chairman of the company (Anthony Milewski) posts pictures of Tesla things on his website, insinuates in glossy interviews that he will get a deal with Tesla soon. Stock pumps 300%. He then exercises options and dumps $6 million in shares. Bear in mind company market cap was only $80 million. Other insiders follow in his steps. Stock dumped 30% yesterday in response, has already dumped another 30% today.

>>22688743
>technicals
Sometimes you're right, sometimes you're wrong. The huge fundamentals shift is all that matters. Keep buying and holding tight frens

Now this is a righteous dump, I'm impressed. Two more of these and i go all in.

>>22688743
its like no one on /biz/ actually ever looks at a chart or considers the fact that even in bullish markets rallies must have pull backs.

>>22688743
Kek imagine looking at this chart and thinking its bearish, love the pullbacks!

>>22686636
I got you free: Silvergoldbull, provident metals, sdbullion, apex, and jmbullion.

>>22688653

Alexco is following SILJ, which it is a sizeable component of. SILJ still down only 5% despite the colossal 5% dump in paper silver. It's still holding at that 20 July level, as I thought it would. >>22687534 We'll see if it goes much lower, but I doubt it.

HOLD ME TIGHT BROS

>>22686636
I think celticgold does it. But I'm not sure if it's a good idea. They can just tell you to go fuck yourself and keep your money no ?

>>22688863
I'm not and haven't been suggesting that. I'm bullish as fuck. But I've been waiting for the dip to buy. The dip is now.

I actually enjoy owning physical metals, since when it goes up it's nice, and when it goes down it's an opportunity to buy more

Buy Buy Buy and you'll laugh big time in 2 years

-5% in 1 day.

>Muh store of wealth

why can't i buy shit on fidelity? I keep getting some shitty message about not-settled cash balance when I have the money available to trade. WTF

>>22688944
What strike price should I go for on AG? 11?

>>22688039
Its actually not leveraged in both directions. When you increase supply the only logical outcome is that price decreases.

>>22688541
??????
LOOK AT THIS SHIT

>>22688996
zoom out. silver just did a magically 100% + in a few months.

>>22686544
rolling for silver to go back into the teens for a month

>>22688996
Anon, I held through when it went from 29 to 24.

>>22686581
thanks for putting the other posts bro

>>22689031
SO WHAT?

>>22688961
+5% buying opportunity, what holes do you faggots crawl out of?

>>22686544
FOR FUCK'S SAKE AMERICA
CAN YOU NOT DUMP METALS FOR FIVE MINUTES?!

>>22689068
buying a falling knife - 25.50 support is broken.

>>22689035
longer than a month?

>>22689035
If PMs don't moon from the next Fed liquidity injection then they simply won't. Normies will perpetually trade paper as they starve in the streets. The cognitive disconnect from the source of their misery will be complete.

>>22689072
dump is goo i wish silver goes to 5 dollars so we can buy legendary stacks

>>22686644
>allocated
you dont actually hold it do you, youre vaulting it.

>>22686636
Starting to look like a good idea to cash out that UNI and wait another week or two and scoop up some more silver. My average right now is $22 or so on my small stack. I'm definitely buying at least some when it hits that and buying all the way down

>>22688961
silver is just an industrial metal and a byproduct when mining other stuff. Just a pump and dump scam that simps fall for

>>22689129
so in other words a shitcoin

>>22689080
If you are only in PM's for the "moon mission" faggot just sell your holdings now because this is going to be a bumpy fucking ride

for anyone still freaking out for some reason
guess what your ounce is worth at the bottom...an ounce.

>>22689146
a bumpy ride for PMbugs like you.

-5.55% as we speak

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

LOOK AT THE FUCKING VOLUME
WE ARE ALL FUCKED

>>22689147
Never in the history of man has silver been worthless.

>>22689180
no nigger silver going down right now is good so we can build outr stacks for the real moon

>>22689196
THE SALE STARTS NOW

>>22686544
I want to buy 10 x 1/10 gold eagles but paying $2700 feels like way too much. Should i do it? Or just get a 1 oz instead?

>>22689211
checked

-6.5%

i cannot keep up with this shitcoin. this is worse than unicorn holders.

>>22689196
you don't understand what is going on - MARKETS are crashing. This is another march.
People are liqudating PMs to 'buy the dip' or meet margin calls, you're witnessing the end of western civilisation.

>>22689230
yes get the ounce 700 extra is not worth it

>>22689254
-7.5%

RED WOJACK NOW

>>22689230
Get the 1 oz unless you are a LARPer who thinks he will be trading his coins for food and ammo

>>22689254
Then why are you here nigger? Go play with your stocks and shitcoins. Oh, wait. They're down too.

omg silver is loding 2 dollars this is glorius i hope this goes intpo single digits ima buy a shit tone of silver if it does

>>22689265
Stop coping.

-7% btw

>>22689273
I want my own segment on Yahoo Finance on PM's except it's just me going AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

devil confirmed

>>22689265
suuush, i just want to pink wojack post for one last time

-10% and falling fast

This is total bullshit

>>22689265
>you're witnessing the end of western civilisation
ls explan i though in the death of our society pm would moon?\

>>22689273
no bro this is good if your strying to stack for valume

>>22689297
this

>>22689315
get out nigger lover

>>22689330
based datan

>>22689297
To make fun of your store of wealth shitcoins, which are losing -7% in 1 day.

Meanwhile my TSLA is only down 0.5%, which makes me more chilled than every, especially after competition fucks up left and right.

-7.3% btw.

SILVER IS ON SALE

>>22688743
Thank God, I've been waiting for a month for this dump

physical hodlers will be fine and we all know this

>>22689357
oh gos is this the trip fag?

>>22689322
checked n i'd pay to watch that

HERE WE GOOOOOOOOOOOO
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>22689357
>.5%
You want to check again?

>>22689352
>ls explan i though in the death of our society pm would moon?\
I explained it. The demand for dollars is high. This causes massive deflation, and the fed will print more to counter it. Expect another 5 trillion from the fed this month.
What do you think that does to western civilisation?
These are dominos, and they're falling.

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
WTF WHYYYYYYYYY WWWW

>>22688868
Thank you anon

>>22689352
The Fed will step in. They were/ARE the only thing propping up the entire market. Any intervention they take is a leveraged boon for PMs. Algorithms or idiots selling PMs right now hope to play the asset game and jump into whatever is mooning,(right now the dollar) but only some of them will catch the price action we'll see once the Fed flicks the printer button back on.

>>22689352
There was some anon awhile back who reasoned that the comex price would approach zero because people realize that they do not have the metal. Keep your eyes on the physical market. Eventually it will decouple from comex and become based on actual demand from buyers.

>>22689462
>The demand for dollars is high.

kek

>>22689357
You think your making fun of us? Majority of us are watching to BUY MOAR faggot

>>22689350
I lost almost everything I put into my slv calls towards the end of July and thought the same for a few weeks. Now I just find it hilarious and a good buying opportunity. I learned my lesson in that the market can stay irrational longer than you can stay solvent, so I dropped out of my options plays.

-8.6%

KEKW

>>22689357
MUH TSLA

Alright goys for some reason I can't pick up AUNFF without my cash balance "being settled", so I'm gonna load of on PSLV and dump it when we go green tomorrow and get aurcana then

>>22689462
>Expect another 5 trillion from the fed this month.
so this is the end

>>22688692
-8%

I wish I was wrong =(

>>22689483
>(right now the dollar)
imagine selling silver for usd

Holy fuck I need liquidity

>>22689269
>>22689290
Mostly I just wanted more then one coin. I guess I should think about what I could do with the extra 700 if I go with the 1oz.

>>22689504
so should i buy this weekend?

HERE WE GO AGAIN TESTING THE LOWS
23 IMMINENT
SCREENCAP THIS

>>22689609
>haha wobbly guy go brrrr

>>22689626
Get some silver coins with the extra 700 so you have some coins to play with

https://www.youtube.com/watch?v=oIscL-Bjsq4

calling the bottom at $22.90
and then we're in the crab shack

>>22689638

The question im asking myself currently
>is this a big enough crash to use my savings

Gold will be back over 1900 by closing bell, if not by tomorrow

>>22689693
the bottom is at zero

lmao is the market just throwing a tantrum for more BRRRR?
kek
KEK

dont worry guys it's real money, who cares what the worthless fiat equivalent is

>>22689636
Dollar cost average. In the end you won't be too upset with buying at $25 vs $27 or whatever. Just get some.

>>22689693
calling the bot em as low teens or single digits

>>22689725
ok cum pack

>>22689638
$20 silver and $1500 gold here we come.

Imagine panicking right now, this is just an opportunity to buy more gold, fuck silver I got a decent bit of that but y'all are ignoring the fact that gold is dipping too

>>22689599
-10 percent

okay, silver seems hot enough to reach -15 or 20 percent.

>>22689638
>>22689712

hopping for single digit silver

>>22689772
I would coom

Oh fuck, do I grab a tube of eagles?

like butter it collapses towards fucking zero, the shitty shiny fucking rock

>>22689716
Looks like the market answered yes

>>22689804
what are u using to track?im looking at monex

>>22689546
I’m dropping out of all of it it’s completely rigged just like everything In this shit world

Yes this dip is a severe buy signal. Seriously, even if you buy before it stops dipping you're going to be solid.

>>22686644
So... i started this. sorry lads, but whatever i touch gets bogged, so strap in.

>>22689615

SELL FUCKING EVERYTHING

INTEREST RATES ARE ALREADY AT ZERO!

THERE IS NOTHING MORE THE FED CAN DO!

CONGRESS NEEDS TO PASS STIMULUS, BUT THE DEMOCRATS WANT A CRASH AND WILL NEVER PASS A WORKABLE STIMULUS.

MONEY VELOCITY HEADED TOWARD ZERO!

MARKET CIRCUIT BREAKERS WILL BE TRIPPED THIS WEEK!

SELL FUCKING EVERYTHING AND GET LIQUID ANONS!!!!!!!

FUCK!!!!!!

>>22689876
Kitco also -10

I got liquid in expectation of something like this. Anybody else waiting for the bottom to load up on miners?

Lmao this liquidation is insane. Big shit must be happening, possibly a bank getting margin called big time.

>>22689876
tradingview

The COMEX is out of control.

>>22689882
Unless you are holding purely paper, I recommend against pulling out of PMs. The macroeconomic fundamentals can only be manipulated against for so long

Its settled, im going to my LCS at lunch time! I'm getting 10% more silver for my worthless fiat, just take my damn money!!

>>22689910
They are using RGB as an excuse to not do anything but obstruct.

>>22689920
>>22689935
thanks bros

>>22689910
>MONEY VELOCITY HEADED TOWARD ZERO!
The FED can't allow that they need increased velocity
helicopter money has to happen and I can really use it so hurry the fuck up

Such a fucking cringy price action

I lose again

checkem

Do we think the massacre continues all week or do we scoop now?

Lmao, RBC investing app is fucking non-functional. Not that I intended to sell my miners anyways with Powell going to speak this week.

>>22689977
omg i can only go after work fuck me i hope it goes down like this all week to get my shit

WHAT THE FUCK IS GOING ON GOYS

already going up again from 24 dollars - is this the bottom?

>>22689963
I’m holding physical, stocks, options. I feel like just liquidating everything except a small amount of physical and buying some real estate

GOLD HAS BROKE 1900

>>22689982

FUCKING DEMOCRATS! USING COMPUTER COLOR VALUES TO OBSTRUCT!

>>22690037
Heres where I am at, I bought on friday because why the fuck not now I want to buy more

The divide is happening. What we will see in this pullback is the dealers prices will not reduce and they will buy for over spot. The beginning of the dissociation starts now. Ironic that physical silver will only moon when the price is zero.

>>22690072

https://www.youtube.com/watch?v=UNvVBL1sX9o

>.35 cent bounce
beautiful
got my price locked in for 10 minutes on 7 more oz :^)

>>22690090
Enjoy your property tax hikes

>>22690014
Based frog poster, on va devenir riche

If evens I do my monthly buy now, if odds I wait until it dips even harder.

>>22690090
I was in the same boat as you and all I did was liquidate my options. I'm sitting comfy - even though I'm red I know that the price won't stay low for long. Options take away the comfy factor because you have made time your enemy

>>22690144
My thoughts. Is this finally the comex happening? People dumping paper.

>checks stack
yep. still 340toz

Hard bounce off 23.75.

4 more days.

LADS
premiums on coins were only 1,5eur less expensive than yesterday at the low

the dealers have had enough

>>22690225
>>22690144

This time the COMEX has gone too far. >>22689948

>>22690184
Funny though whilst everything else crashes real estate doesn’t it only goes up and never goes down because of stupidly high immigration which isn’t ever going to stop

Great....its fucking bouncing hard and I can't buy silver until lunchtime, I want to kill myself bros

>>22690112
When will they learn those pixels aren't real colors? CMYK is the chad color model

>>22689072
I thought America was supposed to wake up and pump all the markets. WTF is going on?

>>22686684
open

>>22690216
Kek has spoken

>>22690301
blackpill alert

SILJ bounces exactly where I thought it would.

>>22686695
>>22688884
>>22687534

Not yet

>>22690339
theres multiple factors but people are under impression a new supreme court seat vacancy is gonna cause issues

if even I buy PSLV and sell tomorrow for other stocks
if odds I buy physical
I've got 500 to burn today, but fidelity isn't letting me trade small caps wiht it until its settled

>>22689930

Yo, although the miners are holding up better than I thought. I guess the algos are not as dumb as I hoped... they've got a price feed including physical premium, or else waiting to see if the dip sticks.

>>22690301
Maybe I should get into real estate just for this fact alone

>>22690419
Why is the Supreme Court so important? I thought the USA had a Constitution and a Congress to make laws and shit. What do the judges do?

>>22690197
ben non, on est ruinés

>>22690423
Can't go wrong with physical.

Do I get the libertads for 3 over spot from my lcs or the 2020 eagles for 30 bucks on jmb ahhhhhh

>>22690450
the supreme court legalized gay marriage even though the majority of the population didn't want it, so, they've got a decent amount of power

>>22690390
I’m losing so much money it’s hard not to be blackpilled right now cheer me up please

>>22690450
They allow the left to bypass the people and get bullshit made legal

>>22690037
scoop now. Because of this I'm expecting fed money imminently, Trump can't let it fall too hard since muh stock market is pretty much all he has left

>Bought 10 oz bar on Saturday
>Look up prices this morning
>Could of bought the same bar for $30 cheaper if l waited until today

>>22690435

The miners won't dump far below that 20 July floor. They didn't on 11 August, they won't do it again. We have had 60 days of consolidation, and Q3 earnings are imminent. Only a fool would be selling his miners now; that's why they always get bought up.

>>22690450
they dont do alot, but they do set precedent and can determine how the constitution is applied to an extent. one of the biggest names everyone knew for being a jew was RBG, and shes lighting stogies on brimstone right now.

>>22690450
Interpret the law as they wish.

>>22690514
I am here to help you fren
Here is what KEK has prophecied:
>Markets will crash
>Central banks will provide stimulus
>Asset prices will go to all time highs
>Inflation
>Hyper inflation
>Final capitulation DEATH of USD
>Precious metals finally reign supreme
KEK HAS SPOKEN

>>22690451
Stocks minière et bonne fondation physique c'est gg, juste une question de temps, je te paierais un verre à l'occasion

>>22690487
libertads bro

Was getting dumped part of your plan?

>>22690540
>sunshine rounds still over 28 dollars unless I buy 100oz
This is bullshit.

>>22690560
Keep stacking fren, I did the same and still bought 20 more today

>>22690642
ta mere suce des ours dans la foret , set buy order for blue lagoon ressources french frog

>>22689196
NOOOOOOOOOOOOOOOOOOOO they are going to sell all that paper "silver/gold"

AHHHHHHHHHHHH

obviously the physical product deriving its value from a derivative makes sense!

silver will close at atleast 25 bux
checkem

ITS OVER
DUMPING EVERYTHING, IT'S BEEN A FUN RIDE LADS

>>22690339

The USD is the first bubble to burst.

There are two ways a global fiat currency can fail, either inflation or deflation. Inflation will make it so even a wheelbarrow of hundreds wont buy a packet of ramen. Deflation makes the money velocity go to nothing. What happens in destructive deflation is congress will begin stimulus causing the above mentioned inflation.

However, let's perform a thought experiment and pretend that congress never did a stimulus during the deflationary crash. The money velocity would stay at zero. As debts were defaulted on money would be burned out of the system. Business would shut down everywhere. People would go into mad max mode and barter would take over. (PM's still a great investment even in the impossible scenerio)

>>22690745
The dry powder I have is reserved for aurcana and impact, dont have a solid position yet.

this is max comfy bros
get some coacoa

>>22686544
Bought 100oz kangeroos, 60oz maple and 40oz Philharmoniker - locked in at below 24eur / oz in average

>>22690745
ca c'est au mois un putain de quebecois

>>22689504
>>22690749

>>22690668
It was always a foregone conclusion that the paper price would approach zero as a COMEX default nears because nobody will want to hold a worthless paper contract. Whether or not that is happening or if this is just regular panic liquidation from big banks getting margin calls remains to be seen.

who here /sold his miners last week/?

>>22690784
EVERYTHING closes .01% green

Gold went up in price on Egay

DAVY HUNTER WAS RIGHT
THIS IS THE PULLBACK
SELL YOUR DOG'S KIDNEY
THEN SELL YOUR DOG
GET LIQUID BROS
THIS IS IT

DAMN IT I MISSED THE BOTTOM

>>22690450
roe v wade

I have 10k emergency money. Is buying this dip an emergency... i wonder.

nice got a discount on my silver and rebought into aurcana


>>22690673
This is the market saying "nah... I dont think derivatives setting the price of assets is gonna fly bruh"

>>22690900
what bottom? that shit is permanently collapsing

>>22690451
J'ai acheté des napoleon en 2008, bien m'en a pris.

>>22690441
>figure out the sprawl patterns of your local city
>find undeveloped lots where you think the sprawl will go in the near future
>cross your fingers that the value spikes before the carry costs start to hurt

>>22690944
exactly, at today's low my (cheap) dealer lowered the price by something shy of 1,5 eur

>>22690944
I know. Found some below 28 on silvergold bull. Added another 10oz.

>>22690835
>price plummets
>can buy more and lower my overall cost/oz
>price goes up
>stack is worth more
Go wherever you want, price. I'm good either way.

PLEASE DIP FOR A FEW MORE DAYS MY PAYCHECK HASN'T COME IN YET

>>22689948
Looks like the behavior when they know there's no metal backing the contracts anymore.

>>22690514
does it help knowing that you'll probably have to take a life before all is said and done?

Ah man why'd the dump stop, I was looking for a chance to go all in.

my miners are already being bidded up... FUCK YOU BROKER I PUT AN EXTRA GRAND IN WHY YOU NO CLEAR YET!

got in close to bottom and things like aurcana are already bidded up to .95

>>22690228
Based

>>22690357
Well I guess the screencap was one of those "talk some shit and hope it happens" guesswork

ooooooooo stackiessss-----

Looks like your PATHETIC little silver rock is crashing back to $11 where it belongs. Have fun holding those literal bags stackies----

>>22691062
fucking retard

>>22691002
>>22691007
Yeah i went through all my physical dealers to find who had not updated premiums, got 20oz poured silver for cheaper then I was gonna buy it... missed the bottom tho.. coulda saved 20$ but oh well.

>>22691049
Things won’t get that bad, they will just continue to rig everything and take all of our money

I shall order 20 more ounces!!! Please dow go down -1000 so I can get cheap silver!!!

>>22691132
I'll take your bag off your hands for 11/oz

almost everything dumping

I bought because there was blood in the mines (my own), so now the dump can proceed again

>>22691022
Feeling pretty comfy RN

SMG still thinks this is a dip and cannot fathom that it is in any way similar to march.

>>22691132
If you are going to have an anime girl bully me make it nico
she is perfection

>>22691007
Does anyone know a good price for the leafs? Can't find one under 29.

>>22691132
>anime poster
>he thinks he is relevant

>>22691132
>Silver goes to $11/oz
Holy shit yes please, I'd be able to fucking PLUMMET my overall cost/oz.

>>22691216
Just wait a bit longer. The fast crash is followed by a slow crash

>>22691103
AG is below 11 if you're interested.

>>22691141
That's not very frenly

>>22686798
Do it anyway under the guise of diversification. You're playing on house money, but don't go bust and lose it all when stonks go to 0.

YOUD BEST BE BELIEVIN IN DOLLAR MILKSHAKES

Seriously though what is happening? Aren’t the markets and commodities/PMs supposed to be going up while the dollar goes down, not the other way around?

Is BRRR not working? Is that why line go down?

Silver is a industrial metal and is going to suffer greatly as global industrial output collapses.

deluded retards holding a literal rock thinking it will protect them.

>>22691208
>>22691132
Don't make it Nico, she is busy with the link marines, but you will need a girl with more art if you intend to antagonize the dragons here. I suggest Malty/Myne since it would be easy enough to just screencap smug bitch expressions right out of the anime.

>2 krakens
>3 asahi 1 oz
>2 10 oz asahi bars
comfy monday bois

>>22691270
no more powder... was sitting on it waiting for aurcanna to go back down... ill have 1k clearing hopefully today... also into aurcanna though

I got my first magestic position locked down a while ago though, def a good company to have. WIsh I had enough shares for the 50 cent discount sometimes tho.

>>22691313
Commodities are crashing across the board though

>>22691305
Dollar milkshake involves dollar pomp before dump.

LETS ALL LAUGH AT THE SILVERKEKS LMAOOOOOOOOOOOOOO

Just checked my miners, haven't lost a cent. Is this it? The fabled Comex default I've heard so much about?

>>22691365

>>22691305
Whales are dumping, moving cash around mostly.

If you look at commodities like copper right now, its basically unchanged, because copper price determines derivative prices.

Right now paper markets are dumping, and gold/silver prices are determined by their derivatives.

CUT MY LIFE INTO PIECES

>>22690852
I still think this could happen, but all we've seen today is spot dropping and premiums staying at about 10%.

On a serious note if the comex seriously defaulted then wouldn't the 'price' of paper silver go to zero? People would rush to get out of these paper products into USD and the entire market would implode for months Miners would have to set prices for silver

>>22691305
There are trends and resistance to trends. This dump was a long time coming and is necessary for another move up in PMs

>>22691462
When is the suggested all in from the lines?

>>22691382
First Majestic is the first only miner I own that dumped hard, bought another 500 shares.

>>22691405
noooooo not the heckin soibeans

>>22691378
Dollar milkshake says that the dollar will only ever pump in global crisis because it is the world reserve currency. Whether or not the dollar milkshake theory will hold true in the future is up to debate, but saying that the dollar milkshake theory involves a dollar dump is blatantly untrue

>>22691459
They would still have to settle in cash so I doubt it would go to zero.

>>22690909
emergency money is for emergencies. It's designed to be quick liquidity. PMs are the opposite of what you want.
Spend non-emergency money only.

>>22691288
no shit fucking cunt. the only purpose of me being alive is to eat alive anyone being alive at the same time as me

>>22691459

Yes. Which is why you won't see SILJ dump beyond a certain point any more. If people really believed in this silver sell off, it would have gone down a lot more than it did. It simply won't go below that 11 August or 20 July price and stay there.

>>22691536
:(

holy fuck am I glad I threw that shit back into aurcanna... already went from being down 10% to only 3%

Also even more pissed that it takes so long for cash to clear to my broker... but alleviated by cheapness of silver.
LOL at all the SMG losers who always flood this thread whenever their market crashes.

Comfy
Dragons

>>22689910
Trump can and will rule by decree

>>22691560
I hope everyone captured some profit to have cash to throw at this dip, it's a real shame to miss out on buying these days.

>>22691560
Based image

>>22691459
It would go to a price where people would be comfortable risking being defaulted on for a potential really good deal on silver. Then it will steadily decrease from there id imagine.

>>22691559
lol

>1oz of gold is still over 1960
>my fucking korean Phoenix is at 1975
>it actually went up
Face it lads, just buy. Waiting for a dip on physical is a God damn meme.

pour yourselves a drink boys, everything is going according to plan
>>22691560
based

>>22687244
$7 lossis what I woke up to

>>22691459
The interesting part is that the paper contracts still force them to pay you the cash value of the silver that can't be delivered. So if comex implodes and non-manipulated actors (miners, minters, dealers) get to set the price, those paper contracts could still end up being worth a lot. However, there is always the risk of an actual full default and the voiding of the contracts. This could be done under the pretense of shutting down the exchanges and funds due to the very fraud we're all clamoring about.

As the comex dies, expect a frenzy before the final death throes.

NOOO NOT THE PLATININOS

>>22691685
but my hillbilly wine is not done fermenting

past the bump limit on this thread btw

if silver goes below $20 I will seriously be tempted to go all in on it.

>>22691676
Pretty much, price drops 3+ mapleopoly money and you might save 1 per oz if you are lucky. Bullion dealers are sick of the manipulation. I mean surely they know their fucking business by now

next: >>22691757

>tfw sovvies at €384 and no liquidity
REEEEEEE

>>22691735
>goes down to 20
>still 27 an ounce

awesome store of value.

>such solidity

much lurkers, many oldfags

>>22691488
I don't know enough to say but look at this
also checkd

>>22691676
I checked the site I bought off of... they already adjusted premiums...

The LCS store I buy gold off of actually raised their prices...

>>22691794
But keep in mind during the period of May23-June09 2020 the DXY dumped sharp from 99-96 while gold continued to move sideways

I'm just hoping we drop to pre-covid numbers for a comfy amount of time so I can farm the rest of the 'buy at spot' promotions websites offer. Only managed to hit JM at $17/oz before they shut that shit down.

Okay lads, simple question. Do I invest in gold or silver? Why do you invest in one or the other, or even both.

>>22691942
Ideally a healthy mix of both, but if you're looking to 'turn some kind of profit' off precious metals of all things, I'd say Silver. Though remember these aren't intended to be what you may think they are.

>>22691942
Cant go wrong with both, consult the Gold/silver ratio. Its about 72 at the moment, which is considered high by historical standards.

>>22692041
I just wanna keep my wealth in something which I know one day I can sell without too much loss, heck maybe even a profit.

>>22692041
yeah people still look at it as an investment.

You are literally buying money, with fiat currency, and yes the value of that money may rise/fall when valued in fiat.

Yes you may enjoy a huge increase in purchasing power due to people being behind the curve on the whole "every single FIAT goes to zero" rule.

The "checked my stack, still ____ OZ" attitude is still the best one.

>>22691942
F

>>22691768
>>22691768
>>22691768
>>22691768
>>22691768
migrate

>>22692118
The people that aren't trying to sit on these stacks for a LONG time are the retarded ones. Everyone that's willing to wait for years and years and treat it as essentially a 'rainy day fund' are relaxing. I don't plan on selling my stack unless I REALLY need the money right now, or unless there's some outlandish moon.