SLV got up to almost $28 and back down now a couple of dollars.

quote:

When your Grandmother, hairdresser, bartender starts giving investment advice it's time to exit.

^^^^^^^^^^^^^^^^^^
My index is the pool guy. I saw a statistic that stated the average age of the Robinhood member is 31.

My regular dealer has an online buy/sell sheet. As of this morning they changed all metals to quote only. Now they are back to showing pricing. One of the odd things is that for anything under 100 oz, they're offering a premium over spot whereas they're typically at or just under spot.

Curious. What's appreciated faster over the past 10 years, ammo or silver?

The last time I bought some silver it was up. Maybe I should buy more now!

Been play money - paper trading on the Thinkorswim app. It rejects a lot of buy orders other than small lots at market prices.

quote:

Originally posted by Aeteocles:
Curious. What's appreciated faster over the past 10 years, ammo or silver?

2004 I bought two cases of PMC .45acp (the red box) from a LGS (Turner's to be exact) @ $4.50 per 50 rd box.

quote:

Originally posted by Aeteocles:
Curious. What's appreciated faster over the past 10 years, ammo or silver?

I don't believe shorting either would be wise

Managed to grab some bars yesterday before it was shut off. I decided to grab some more today...and they were all gone everywhere. I pre-ordered a bunch of 1oz silver maples. I'm not really looking for any short positions, I think we'll be using precious metals to pay for stuff before long. My plan has always been to use brass...but silver and gold are a bit easier to move. A lot of places in Alaska accept gold and silver, and it is common for private sale transactions.

^^^ If we get to the point of buying goods with Ag or Au then you're going to wish you had brass instead.

^^^^^^^
My sentiments exactly!

quote:

Originally posted by Skins2881:
^^^ If we get to the point of buying goods with Ag or Au then you're going to wish you had brass instead.

Haha. That's good.

Rough day in GME today.

Enjoying the AMC ride. Hoping she makes one more peak this week. I've got some fun money in it.

quote:

Originally posted by Skins2881:
^^^ If we get to the point of buying goods with Ag or Au then you're going to wish you had brass instead.

Totally agree. I have a quite significant supply of brass, and much of it is already loaded and ready to go. I've been buying for decades.

I've contemplated selling some of it recently, but I believe value will continue to rise.

Paper trading GME on Thinkorswim seems to be inactive. Orders won’t go through. I guess I won’t make any more pretend money.

GME AMC SLV squeeze game over. Lot of redditors are bagholders now

^^^^^^^^^^^^^
No surprise here. I think their best best is to make a movie about this, and perhaps recoup some of their gambling money.

Even if this is the death throes of GME, there's still quite a bit of scrambling to go before anyone's left holding the bag (well, except for those latecomers that first bought in a few days ago in the $200s/$300s).

Even at $150, it's still up $100 over 1 week ago, and up $133 over 1 month ago. So there's still plenty of room for the WSB folks who got in before ~6 days ago to grab some profits and run. The real bagholders will be the "regular" non-investor folks who saw it on the evening news ~3 days ago, immediately thought "I'll cash out my retirement savings to become an overnight millionaire!", and went all in at $300+


Still, for sheer entertainment value, and social psychology value, and "holy shit, this is a scary new avenue for social media to manipulate the markets with lots of unknown ripple effects" eye-opening value, it's been interesting.

Most of them bought in after the mania hit. The early ones missed a once in a lifetime chance to make some really serious coin. But they subscribed to this "diamond hands hold the line" nonsense.

If you are trading a short squeeze you are either quick or you are dead.

Looks like shorted bios are the next play.

This is an area where the playing around gets dangerous. Yes, JP Morgan’s slap on the wrist for metal price manipulation, and lack of consequences for the individuals responsible, was BS.

But, lots of real companies need silver as an industrial supply. The Hunt Bros? Tried this years ago.

I suppose it’s no different than what a hedge fund does, but I also think the market should have a speed limit on it, and cook for a living, so...