High OL SILVER- Finally !!!

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morganman
Posts: 947
Joined: Fri Jun 29, 2018 4:02 am

High OL SILVER- Finally !!!

Post by morganman » Tue Nov 08, 2022 6:30 pm

Well finally, after a extended time, with the mkt in upper teens and going nowhere, the U S
Dollar crashes most last fri, largest daily hit in 7 yrs. Seems various reports pressured
the 20+ yr highs and today propelled silver to almost $22 oz, up from dismal $18.50
$18.80 range a week or 2 earlier.

Go;d gained $50 last fri and gains another $20 or so in mid day trade today
Platinum has gained enough to go over $1k oz, for 1st time in ages
I bought 40 oz platinum several months back at $860 -put in storage and think
it way under valued, especially with Palladium over $1,000 oz higher, which seems
un sustainable, so my platinum is a buy/hold investment.

I have bought & holding a bunch of Silver Commodity OPTIONS CALLS FUTURES
of which are finally showing some paper profit. They have about 1 1/2 yrs to expiration
so plenty of time to become worthwhile if mkt continues upward bias.
Fun to own and sit back watching volatility etc, but its a HOLD for a while.
Patience is must for my physical Silver holdings dating back to 2018 -2021
of which have been losing some money until now. Its been frustrating to see
my beloved silver losing money, but only if i sold. Now its going up i vote for $500
Silver LOL LOL

Gold back over $1700 so maybe all this is start of something bigger to come,
as David Morgan (Morgan Report) thinks metals to go higher into yr end.
I have sold bunches of Morgans & graded U S Gold coinage and put money back
into Silver, as im convinced it WAY WAY UNDERVALUED. Heres to Hoping LOL
:|

iceman
Posts: 359
Joined: Sun Jan 20, 2019 12:27 pm

Re: High OL SILVER- Finally !!!

Post by iceman » Wed Nov 09, 2022 1:16 am

Morganman !!
Perfect !! I just had to post this !!! LOL .
John
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morganman
Posts: 947
Joined: Fri Jun 29, 2018 4:02 am

Re: High OL SILVER- Finally !!!

Post by morganman » Wed Nov 09, 2022 3:40 am

Thanks for Lone Ranger & Tonto - When markets go different way than you would like,
one automatically feels like Lone Ranger. LOL
It feels like metals mkts maybe turning corner for better as quite a few indicators are positive
for metals, but negative for broader mkt, but further advancement is necessary to confirm.
The trade has sold all rallies the past few months with the U S dollar strength adding constant
pressure as well. A real positive bias does not gain much strength until Gold $1850 & Silver $25.
The gold/silver ratio was way outta wack between 90 -97:1 andnow has adjusted to around 80:1.
This leads traders to believe the ratio will continue to decline. A few trade session gains have
amounted to a whopping $10k increase per futures contract of 5,000 ounces silver, which forced
a lot of large short positions out of futures mkt, thus hitting BUY stops increasing silver $2 per oz

if silver could just hit $500 before i croak then i could afford to have dinner with Elon Musk LOL
NO PRESSURES MATES!!!!!
:|

morganman
Posts: 947
Joined: Fri Jun 29, 2018 4:02 am

Re: High OL SILVER- Finally !!!

Post by morganman » Fri Nov 11, 2022 6:38 am

US Dollar continues to falter to around $108, helping Gold climb from say below $1700
to $1770 in tonight trade. Solid $30-$50 moves recently. Silver climbs past $22 with Platinum
breaching $1,000 to $1057 as of this post. US dollars dropped about 200+ points which amts
to $2,000 per contract on commodity exchange $10 per pt.

Palladium climbs back above $2k oz, so all systems seem go as mkt Bulls feel vindicated.
Continued silver shortages continue to plague dealers, hence the high premiums per oz
of $4-$5 oz still plaque the market place. I am finally back making a very small profit on
mt physical silver holdings, making more on paper options calls, and a nice $200+ oz
on the Platinum 1 oz bars i bought.

I am sure feeling better to see silver outta the darn teens. A run to $25 by yr end would
really set the stage for further gains IMHO- for whatever thats worth LOL
As a younger investor withot the experience, i never knew how to protect my physical
bullion investments with HEDGING of Options Contracts, thus creating internal pressures
and sometimes scared money. Nowadays thats all changed and internal calmness is
key to investing large chunks of cash. Guess this is how i applied myself to learning the ropes
and was able to retire at 50. 18 yrs later im damm grateful the good lord gave me the abilities
to think OUTSIDE the box. Scott
:|

morganman
Posts: 947
Joined: Fri Jun 29, 2018 4:02 am

Re: High OL SILVER- Finally !!!

Post by morganman » Wed Dec 14, 2022 8:23 am

My guess is that my posts on metals mkt go mostly on deaf ears as few undrstand or play
the mkts. But this does all serve as a personal sounding board to check and see if my analysis
is right or wrong. Sure vindicates when im right and provides humality when wrong, and opens
door to figuring what i missed. keeps brain active

Today sees Gold pop to highest since June, solidly over $1800 & Silver jumping $2 in about 2 weeks
to around $24. Fed to announce int rarte adjustment today, estimated to add .50% to Fed Funds Rate,
so we will see what happens to metals. Mostly priced into mkt already is best guess

So im heavily invested with Silver call options- physical silver & new Crude oil call Options that
immediately began making money, as crude has jumped $5-$7 per barrel. depending which
month contract your viewing. Thats 5k-7k per commodity contract increase, with about $80 oil
or $80k value per contract. looking at $90 oil objective say within 6 mo.

So all my STOPS are in place, as shuld be, so nows time to relax and roll with mkts and hope
im in right direction with it all LOL
:|

keilg1
Posts: 482
Joined: Fri Feb 08, 2019 4:36 pm
Location: Nottingham, UK

Re: High OL SILVER- Finally !!!

Post by keilg1 » Wed Dec 14, 2022 9:18 am

Please don't stop posting these - not all ears are deaf. I love learning. Still fell ignorant on the topics but am definitely interested in learning more, and more. Anything that will help support my need to purchase is appreciated!

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Kurt28
Posts: 367
Joined: Sat Jun 02, 2018 4:00 pm

Re: High OL SILVER- Finally !!!

Post by Kurt28 » Wed Dec 14, 2022 12:30 pm

That I do not comment in a timely fashion should not be construed as a lack of interest. Always interested. Not a big player, but a small stacker. As I have indicated in the past, I place my faith in real money and not in the purveyors of paper.

morganman
Posts: 947
Joined: Fri Jun 29, 2018 4:02 am

Re: High OL SILVER- Finally !!!

Post by morganman » Thu Dec 22, 2022 4:20 am

Wed 12-21 Pre Holliday Trade as usual, Mostly pretty quiet with low volumne
trade in both Stocks & Commodities.
This Christmas looks very encouraging as i hold Options in both
silver & Crude Oil, betting both to go higher, with handsome profits
showing on both.

For 1st time in about 2 yrs Palladium has taken a huge $600 oz hit
the last few months to trade below Gold around $1700+
I have been amazed at how a $400 oz metal climbed to $2300+
surpassing Gold easily, in un sustainable fashion. Now Platinum
rolls a bit past $1,000 as car manufacturers start turning to a much
less costly alternative. I bought physical platinum at $850, so just
storing it waiting for additional price advancements.
So Gold is strong at about $1825 whils Palladium falters quickly to
about $1725, $100 or so less than gold, which IMHO palladium should
be less than platinum pricing.

Silver reached up to $24.40 recently as Gold got well past $1800 on
dollar weakness and a few other issues. All this looks to make a truly
MERRY HO HO at my house, as i sit back and watch my Equity grow
on my Silver & Crude oil options. Im riding this pony until exhausted LOL
Very cool to just monitor my positions within confines of warm house
in rainy cold season, having several inches of snow this past week
at ranch, 2,000 ft above sea level. Salmon running creek so tonight
is freash salmon steaks, asparagus & mashed potatoes.

Wishing everybody a Merry Christmas & Happy New year !!!
playing with new pup= Holly named for christmas- A rescue beauty
:|

morganman
Posts: 947
Joined: Fri Jun 29, 2018 4:02 am

Re: High OL SILVER- Finally !!!

Post by morganman » Tue Dec 27, 2022 4:41 am

So in Lone Ranger fashion, Silver & Crude oil Futures are gaining value in thin Holliday trade,
never the less adding dollars to my Options positions, especially the newer crude options
Very fortunate to be in right direction on both and silver equity is very large indeed

Making tons of cash on silver options this yr has really been nothing short of amazing
Short positions originally, took profits and reversed positions betting for mkt to gain, and now
$5.50 oz higher than when trade initiated, which options have really gained in value, so now
i protect equity with profit stops. Silver hovering around $24

I bought 300 oz of Platinum a few months back with some of my silver options profits, so
will sit on it longer term as i feel it under valued.

Happy Freakin New yrs to All !!!!!!!!!!!!!!!!!!!!!!!!!!!
:|

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Longstrider
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Location: Mojave High Desert

Re: High OL SILVER- Finally !!!

Post by Longstrider » Tue Dec 27, 2022 3:50 pm

Happy New Year back at you. Thanks for you explanations. Good luck.🐍

morganman
Posts: 947
Joined: Fri Jun 29, 2018 4:02 am

Re: High OL SILVER- Finally !!!

Post by morganman » Wed Dec 28, 2022 3:13 am

Small upate to crazy thin holliday trading volume and crazy options values
Tue 12-27 So crude advanced again and my options gained almost 100k in equity
of which floored my ass. Yrs ago i would have jumped to bail out and take profits but
have learned that when this happens something much bigger is coming, so i simply
set up my profit stops to secure todays gain, thus keeping me in game if more gains come forth
:|

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Longstrider
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Location: Mojave High Desert

Re: High OL SILVER- Finally !!!

Post by Longstrider » Wed Dec 28, 2022 3:42 pm

Older and wiser?🐍

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Kurt28
Posts: 367
Joined: Sat Jun 02, 2018 4:00 pm

Re: High OL SILVER- Finally !!!

Post by Kurt28 » Sun Jan 01, 2023 12:50 am

Am I mistaken (and frequently am,) or are the metals markets closed with greater frequency than in the past?

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