Silver Spikes Most Since Before Election As Dollar Nosedives

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

https://www.zerohedge.com/sites/default/files/inline-images/20180124_PM4.jpg

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

https://www.zerohedge.com/sites/default/files/inline-images/20180124_PM1.jpg

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

https://www.zerohedge.com/sites/default/files/inline-images/20180124_PM3.jpg

 

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

https://www.zerohedge.com/sites/default/files/inline-images/20180124_PM2.jpg

Comments

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.

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.

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?

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 by BigWillyStyle887

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 by BigJim

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 by tmosley