Posted on 01/31/2021 10:38:48 AM PST by blam
The must think copper flys out of their butt.
Proceed at your own peril.
Too funny. Just found an 1888 UNC Silver Dollar I forgot completely about. Probably only worth about $25 bucks but the timing was funny!
Overnight markets open at 6pm EST-—just three and a half hours from now.
It will be interesting to see if MONEY TALKS or BS WALKS.
Here is a link to the markets to see what happens in a few hours.
I think this should be our new national anthem. It reflects the values of half the population and nearly every single person in "public service".
It certainly will be played over and over during every fake election show going forward.
It should be played anytime the house or the senate is called to order. As well as prior to any statement by the illegitimate fake president biden and his commie co conspirator.
if you were to buy copper, what would it be?
Silver is at the core of solar panels. The green new deal as implemented by the Biden clown parade will increase the cost of electricity and the demand for solar panels. The demand for silver and its price will increase even after the non precious metal afficiono, frenzied speculators move into something else. IMHO gold rises 10-15% in the next four months. Both silver and gold are an important part of the response to the Biden clown parade.
“””Makes sense since the electric car crowd is also against mining. The must think copper flys out of their butt.”””
Oh but you forget the enormous value of ‘virtue signalling’ as they drive their electric powered car while wearing two N-95 Face Masks.
The good news is the environmental movement and government regulation pretty much closed down the copper mining industry in the US. Guess who controls most mining production of copper? It's not the good old USA where we will be mandated to electric vehicles.
Someone queue the YacketySax song again.
I just bought a dozen American Silver Eagles 1 oz 2021.
Ebay....
I don't know. I haven't thought it through. At 77, I'm probably to old.
Three years ago, my best friend died at age 70 and had 44 pounds of gold in his house that he bought at yard sales for 40 years. He left it all to his Iraqi War injured (disabled) grandson in Texas.
Just a note of caution: Someone I know who is a (very) successful senior trader sent me this in reply to the “Reddit ready to short squeeze silver” story. My question to him was: “Is this article legit?” His answer:
“NO. JP Morgan has 6m oz. of physical in the vault and a massive short position offsetting it, they will let these “youngsters” run a little, then turn around and crush them. There seems to be no silver coins offered today ex some @ $80. Remember Morgan IS the FED they can print all the paper shorts they want to offset these green horns. Gary Gensler, a former Obama goon, is in charge of SEC, they can raise margin requirements to 100% to buy silver or just shut down Reddit if they want to. They can get away with this on some stocks, but never silver, the FED won’t allow it. Remember when the Hunt brothers tried to corner the silver market in 1980? ….. they got crushed. Also Warren Buffet tried in 2011 and the big boys told him to sell if he wanted to stay in the club. If you want you could take a small position in SLV or PSLV, but don’t get greedy, hold til silver is around $50, then sell it. I’ve seen this movie too many times before. I did the same paper play in 2011, made $200k and got out at $48, before they crushed silver back to $10. The crooks can’t and will not let gold and silver rise as they are the ultimate inflation barometers, they are also gonna go after SHIT-COIN and try and shut it down, then they can issue their own digital currency and we are are screwed. I will keep all my physical, but I might go short SLV once it runs up to $60-$80 while the longs eat it. Remember Matt, these are “virtual” markets, and have nothing to do with price discovery. Morgan accumulated those 6m ounces for this very reason, worst case is they have to sell some, then they short it and buy it back even cheaper. None of these kids understand the silver market, they will get crushed. Well, at least these kids understand who their true enemy is, in order to take them down they need sovereign like China, China is playing for time and doesn’t want to crush the dollar yet.”
Just posting this for your thoughts.
wow. very generous of your friend; sad to hear of his death.
Thanks for the charts.
It looks like copper is up 15% since Nov 3 2020 and silver is up 10% since Nov 3 2020
EVERYONE!
EVERY SINGLE PERSON THEY TALK TO!
ALL OF THEM!
waiting to cash in a bunch of scrap metal. prices were pretty low during President Trump. Probably will skyrocket under Chairman Joseph Stolen.
copper scrap.
Easier said than done however because copper is the "gold" of scrap dealers and trust me they know what they are doing.
You make some very good points. Prices are going up in many sectors. Here are the changes since Nov 4 2020 to Jan 29 2021 for the Grains—
https://quotes.ino.com/exchanges/category.html?c=grains
Corn 414 to 548
Wheat 570 to 638
Soybeans 1091 to 1368
Biden voters this is your prize for fraudulently electing the Biden Crime Family. Enjoy your Wheaties.
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