Silver Spikes Most Since Before Election As Dollar Nosedives | Zero Hedge
Description: After tagging its 50-DMA yesterday in an 'odd' plunge, Silver has screamed higher, pushing towards $17.50 on its best day since Nov 1st 2016. As the dollar nosedives, gold and Bitcoin are also bid...

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## DumB AND SCHuMeR...

by williambanzai7 - Jan 23, 2018 10:21 pm

Anti-Putins...

## Silver attempting 7-year breakout; Hi Yo Silver Time?

by kimblecharting - Jan 24, 2018 8:37 am

Silver and Silver ETF (SLV) has NOT been a good asset to buy & hold since the 2011 highs, as they have declined around 66% in the past 7-years.

## Cyber War Coming In 2018?

by GoldCore - Jan 24, 2018 7:56 am

Third most likely global risk in 2018 is cyber war say WEF. “Scale and sophistication of attacks is going to grow.”

# Silver Spikes Most Since Before Election As Dollar Nosedives

After tagging its 50-DMA yesterday in an 'odd' plunge, Silver has screamed higher...

Pushing towards $17.50 on its best day since Nov 1st 2016.

As the dollar nosedives, gold and Bitcoin are also bid...

Gold continues its post-Fed-hike ramp...

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## Comments

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Spifflove Jan 24, 2018 2:21 PM Permalink

Silver train is sounding louder...

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Iknowstuff Jan 24, 2018 1:54 PM Permalink

My silver stash is for retirement. The way I see it is inflation takes 2-3% (lol) of the purchasing power of my dollar every year. Let me phrase that another way. If I were to have $100.00USD and 5 OZ of silver in the same basket. in ten years my cash would be worth less in purchasing power but the silver would be higher in purchasing power. Even if I were to put my cash in a 401k or CD etc, It still would be lucky to return 2-3% per annum. I will take the silver any day of the week and I am in it for the long run.

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northern vigor Iknowstuff Jan 24, 2018 2:43 PM Permalink

I just read an article on a minimum wage law in 1964 going to $1 per hour in Ontario. The restaurant trade was worried about the price of coffee going up from the 10 cent price.
Today a 1964 dime would be worth about $1.75 at scrap price...about the same price as a cup of 2018 coffee.

In reply to My silver stash is for… by Iknowstuff

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Gobble D. Goop Iknowstuff Jan 24, 2018 2:21 PM Permalink

Me too.

8-)

Its also tax free retirement if you're as honest as the FBI / IRS / FED are.

In reply to My silver stash is for… by Iknowstuff

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Pausebreak Gobble D. Goop Jan 24, 2018 2:34 PM Permalink

American Eagles are tax free since they are US currency.

In reply to Me too… by Gobble D. Goop

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BitchesBetterR… Jan 24, 2018 1:40 PM Permalink

pfff....

let me know when Silver goes up to $40

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Theosebes Goodfellow BitchesBetterR… Jan 24, 2018 1:45 PM Permalink

~"let me know when Silver goes up to $40..."~

And $2B in notional dumped on the market in 3, 2, 1...

In reply to pfff… by BitchesBetterR…

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BullyDog Theosebes Goodfellow Jan 24, 2018 1:57 PM Permalink

Agreed. When Silver does what biticon did. aka hits $19k when piigs will fly also, pardon the pun.

Funny how, a nothing backed by nothing can do it, yet silver and gold physical can't ever seem to roll up to it's true value.

It's all a con.

In reply to ~"let me know when Silver… by Theosebes Goodfellow

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ReturnOfDaMac Jan 24, 2018 1:30 PM Permalink

Getting close to hammer time. Monkeys queued: https://www.youtube.com/watch?v=ksJ6QP8BYn0

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Ink Pusher Jan 24, 2018 1:25 PM Permalink

JPM will smash it back down before the weekend in a frantic effort to cover their shorts...

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J Mahoney Jan 24, 2018 1:18 PM Permalink

Silver-Lithium-Musk Mega Battery-Musk Solar Investments-Solar Tariffs-New Tax Code

Call those words whatever you want--necessary evils, corporate welfare, or the future. These are not to be confused with Obama Era corporate welfare to "green energy" like: (and some grants/loans were mysteriously related to Democrat contributions)

1. Evergreen Solar ($25 million)*
2. SpectraWatt ($500,000)*
3. Solyndra ($535 million)*
4. Beacon Power ($43 million)*
5. Nevada Geothermal ($98.5 million)
6. SunPower ($1.2 billion)
7. First Solar ($1.46 billion)
8. Babcock and Brown ($178 million)
9. EnerDel’s subsidiary Ener1 ($118.5 million)*
10. Amonix ($5.9 million)
11. Fisker Automotive ($529 million)
12. Abound Solar ($400 million)*
13. A123 Systems ($279 million)*
14. Willard and Kelsey Solar Group ($700,981)*
15. Johnson Controls ($299 million)
16. Brightsource ($1.6 billion)
17. ECOtality ($126.2 million)
18. Raser Technologies ($33 million)*
19. Energy Conversion Devices ($13.3 million)*
20. Mountain Plaza, Inc. ($2 million)*
21. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
22. Range Fuels ($80 million)*
23. Thompson River Power ($6.5 million)*
24. Stirling Energy Systems ($7 million)*
25. Azure Dynamics ($5.4 million)*
26. GreenVolts ($500,000)
27. Vestas ($50 million)
28. LG Chem’s subsidiary Compact Power ($151 million)
29. Nordic Windpower ($16 million)*
30. Navistar ($39 million)
31. Satcon ($3 million)*
32. Konarka Technologies Inc. ($20 million)*
33. Mascoma Corp. ($100 million)

Trump administration will get the job done -- Wind and Solar can only become a game changers if storage can dramatically increase and Musk is the man. Maybe Silver investors see the writing on the wall for expansion of this business now that there are FAVORABLE tax laws and anti-dumping tariffs in place.

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CultiVader Jan 24, 2018 1:11 PM Permalink

How much lower will the $drop?

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1stepcloser CultiVader Jan 24, 2018 1:23 PM Permalink

eventually, all the way!

In reply to How much lower will the … by CultiVader

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ultraticum Jan 24, 2018 1:10 PM Permalink

Nice. The only chart we need to see: gold, silver, bitcoin, and the countervailing slave currency aka FRN aka USD.

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Bastiat ultraticum Jan 24, 2018 1:17 PM Permalink

Must be near time for "someone" to dump twice the annual mine production worth of paper shorts on the Comex.

In reply to Nice. The only chart we… by ultraticum

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Rex Andrus Bastiat Jan 24, 2018 2:12 PM Permalink

aka the daily correction

In reply to Must be near time for … by Bastiat

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manofthenorth Bastiat Jan 24, 2018 1:23 PM Permalink

Must be near time for "someone" to dump twice the annual mine production worth of paper shorts, in 15 minutes, on the Comex.

In reply to Must be near time for … by Bastiat

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dark pools of soros Jan 24, 2018 1:06 PM Permalink

sold 80% of my stash when it was $38ish.. haven't bought any or cared since

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oddjob dark pools of soros Jan 24, 2018 1:22 PM Permalink

I imagine you get big crowds gathering while crowing about a trade from 8 years ago.

In reply to sold 80% of my stash when it… by dark pools of soros

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Kafir Goyim dark pools of soros Jan 24, 2018 1:18 PM Permalink

Well, you were a genius, is that correct? Atta boy?

But why does the genius now believe it's not worth owning? Why would the genius not have bought back in at $14?

In reply to sold 80% of my stash when it… by dark pools of soros

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Sokhmate Kafir Goyim Jan 24, 2018 2:33 PM Permalink

He's the smarter Kafir.

In reply to Well, you were a genius, is… by Kafir Goyim

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GOSPLAN HERO Jan 24, 2018 1:01 PM Permalink

Ebay has all kinds of silver: scrap, bars, rounds, medals, and coins!

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Justin Case GOSPLAN HERO Jan 24, 2018 1:12 PM Permalink

After over ten years of gains, global silver production is expected to drop this year, as new supply from projects won’t be sufficient to replace production losses from aging operations.

In reply to Ebay has all kinds of silver! by GOSPLAN HERO

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RAT005 Jan 24, 2018 1:00 PM Permalink

The big increases often follow "odd" sharp plunges. The manipulation has kept silver increase far behind dollar drop. Just comparing back to Nov. Silver/$US, silver should now be over $18. The "odd" plunge has prevented that.

Stacking is not about waiting for silver/gold prices to go up a little. It's about getting PM now while the price is manipulated lower in preparation for when TPTB can't manipulate the price anymore and there is no PM available to stack. Will that happen in 1 year or 10yrs, who knows. Not sure the stackers are in a hurry for that day, just marginally prepared. What about the rest of you?

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Wile-E-Coyote Jan 24, 2018 12:55 PM Permalink

Back up the truck for the 258th time........this time to the moon........Not!!

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Yellow_Snow Jan 24, 2018 12:55 PM Permalink

The second chart puts things in perspective thou...

Silver should be doing much better than this

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tmosley Yellow_Snow Jan 24, 2018 12:59 PM Permalink

Depends on mining outputs and industrial consumption.

If the falling price has been sustained this long, the silver must actually be there. Can't just fall for 7 years straight yet have coin shops fully stocked.

Savers just aren't interested in silver any more. And rightly so.

In reply to The second chart puts things… by Yellow_Snow

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BigWillyStyle887 tmosley Jan 24, 2018 1:11 PM Permalink

Why arent they interested in silver anymore?

In reply to Depends on mining outputs… by tmosley

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BigJim BigWillyStyle887 Jan 24, 2018 1:50 PM Permalink

Why arent they interested in silver anymore?

They aren't interested because TPTB have monkeyhammered spot down repeatedly and created wild volatility, thus destroying investors' belief that it is a credible safe haven.

Combine that with the fact that 500 million ounces a year are salted away for investment purposes, year after year, and you realise there is no shortage of physical silver, and won't be for a very long time, barring unforeseen demand from some technical or industrial innovation that requires use of it. But graphene looks promising as a better conductor than silver so it's quite possible that will never happen, either.

I'm hoping TPTB will encourage a melt-up like in 2011 soon, in which case I'll be dumping my silver without a backward glance.

In reply to Why arent they interested in… by BigWillyStyle887

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Scuba Steve BigJim Jan 24, 2018 2:23 PM Permalink

Why would you dump it then?

You know you hold the physical for the right reason and at a melt-up profit, why wouldn't you just hedge in options and get paid while any movement occurred? Start your basis from the melt-up price for your physical and use the paper market against the devils, hedging with options.

Everyone has an"All-in" price for their physical and they certainly know their physical inventory at the bottom of the lake.

jmo.

In reply to Why arent they interested… by BigJim

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silverserfer tmosley Jan 24, 2018 1:10 PM Permalink

you're like the Dennis Gartman of ZH.

In reply to Depends on mining outputs… by tmosley

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tmosley silverserfer Jan 24, 2018 1:53 PM Permalink

Hahaha, yeah, sure.

This is the 39th reply total to this article, talking about a "huge" move in silver.

Nobody gives a fuck about silver, except the bagholders, of which you are one.

In reply to your like the Dennis Gartman… by silverserfer

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manofthenorth tmosley Jan 24, 2018 1:09 PM Permalink

Including the 7 years down, silver has gained 289% in the last 16 years, an average of 18%.

18% savings rate is pretty good considering I get to hold the collateral the whole time as well.

Get rich quick schemers may not be interested in those rates of return but serious savers should not balk at them.

It would be foolish to confuse savings with speculation.

In reply to Depends on mining outputs… by tmosley

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silverserfer manofthenorth Jan 24, 2018 1:55 PM Permalink

well tmosley thinks silver was invented in 2009 so...

In reply to Including the 7 years down,… by manofthenorth

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BigJim manofthenorth Jan 24, 2018 1:52 PM Permalink

Look, any cherry-picked set of dates can make a financial asset look great. But what was the capital return on the Dow during that 16-year period? Or USTs? Or, if you demand no counterparty risk, gold/platinum/palladium?

In reply to Including the 7 years down,… by manofthenorth

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HungryPorkChop manofthenorth Jan 24, 2018 1:51 PM Permalink

Silver is about the same price today as it was in 2008. Ten years ago! Go look it up on historical charts and anyone that entered the market late 2010 through mid 2013 are in a serious world of hurt if they needed to cash out today. They would easily lose 30% to 60% of their initial investment. :-(

In reply to Including the 7 years down,… by manofthenorth

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topspinslicer HungryPorkChop Jan 24, 2018 2:49 PM Permalink

If only bitcoin were the same price as a week ago -- for the bag holders of course

In reply to Silver is about the same… by HungryPorkChop

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Scuba Steve manofthenorth Jan 24, 2018 1:31 PM Permalink

"18% savings rate is pretty good considering I get to hold the collateral the whole time as well"

No matter how its spinned, it always comes back to that to me as well.

In reply to Including the 7 years down,… by manofthenorth

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silverserfer manofthenorth Jan 24, 2018 1:15 PM Permalink

don't bother to try and reason with its. Tmosley is locked into "buy high sell low" speculation mode. forever.

In reply to Including the 7 years down,… by manofthenorth

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NIRP Diggler Jan 24, 2018 12:53 PM Permalink

Let me know when it gets to $25.

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Appreciated Ch… Jan 24, 2018 12:52 PM Permalink

50 CENTS? ARE YOU KIDDING ME????!!!!!!!!!! #Crypto

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BigJim Jan 24, 2018 12:50 PM Permalink

Wake me up when the GSR is below 75 again.

Silver. What a fucking dog.

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Raffie Jan 24, 2018 12:49 PM Permalink

THE END OF THE WORLD IS HERE!

The $0.35 surge is the trigger to it all.......GAME OVER MAN.....

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shizzledizzle Raffie Jan 24, 2018 12:54 PM Permalink

Certainly an interesting day. Watching to see if the VIX gets slammed before close. Today is a options expiration day.

In reply to THE END OF THE WORLD IS HERE by Raffie

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Mr.Sono Raffie Jan 24, 2018 12:51 PM Permalink

popcorn any one wants popcorn......

In reply to THE END OF THE WORLD IS HERE by Raffie

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Ink Pusher Mr.Sono Jan 24, 2018 1:26 PM Permalink

I want so much butter on mine that'll I'll be able to hear my arteries clogging !

In reply to popcorn any one wants… by Mr.Sono

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Raffie Mr.Sono Jan 24, 2018 1:21 PM Permalink

I use organic popcorn in air popper, then spray it with avocado oil and top with Himalayan salt.

Tasty and healthy.

In reply to popcorn any one wants… by Mr.Sono

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Mr.Sono Mr.Sono Jan 24, 2018 12:53 PM Permalink

if gold brakes 1400, its on like a donkey kong.. or not.....

In reply to popcorn any one wants… by Mr.Sono

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BigJim Mr.Sono Jan 24, 2018 1:54 PM Permalink

Ah, I can see you're a technicals expert.

"If gold breaks 1400, it may go up, in which case it may go up some more before going down. Of course, if gold doesn't break 1400, then it may go down some more. Before going up."

I love those guys.

In reply to if gold brakes 1400, its on… by Mr.Sono

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BigJim Raffie Jan 24, 2018 12:51 PM Permalink

Yup, it's "screamed' higher.

Hyperbole much, Durden?

In reply to THE END OF THE WORLD IS HERE by Raffie

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