Official ODT Silver Thread

[3clicks_Off]

Silver is taking a pounding

 

[canoecanoe]

I smell a buying opportunity.

 

[DinkyDau]

Not yet!

 

[thebull]

$16.50 is the bottom bounce $17-$21 for the rest of the year

 

[500mag]

I smell a buying opportunity.

Definitely with debt ceiling coming up next week, and APMEX has silver Eagles at 2.29 over spot!

 

[ReloaderBen]

I have bought a few ounces as it ran down from $18.

 

[jrr888]

Fed meeting on Wednesday...I'm thinking a rate hike is already priced in.

 

[500mag]

Fed meeting on Wednesday...I'm thinking a rate hike is already priced in.

...and last time they hiked, metals rebounded nicely.

 

[canoecanoe]

Rate hike= Stronger Dollar=More buying power per dollar= Drop in PM price as fewer dollars needed per oz of PMs.

The flip side is a rise in the debt ceiling =Weaker Dollar=More dollars to buy an oz of PM's= Rise in price of PMs

At least that is how I see it.

 

[500mag]

Rate hike= Stronger Dollar=More buying power per dollar= Drop in PM price as fewer dollars needed per oz of PMs.

The flip side is a rise in the debt ceiling =Weaker Dollar=More dollars to buy an oz of PM's= Rise in price of PMs

At least that is how I see it.

That is in THEORY, not how it actually works in history. After the Dec 2015 rate hike, both metals soared.