Dang! Silver is way down!
PerryHall
Posts: 46,098 ✭✭✭✭✭
Currently at a cent over $18. How low will it go? What's your best guess? Anyone still buying at these fire-sale prices?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
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I view this as a tremendous buying opportunity and a chance to cost avg. being into most of my non-collectible silver at roughly somewhere in the $21's. I also think this will be a revisit of 2008 and 2009 when a 10 oz bar was going for nearly a Spot + $5/oz premium. So even with a widened premium on physical, it's still a great buying opportunity. All jmho.
<< <i>Anyone still buying at these fire-sale prices? >>
Everyone's buying the new glitzy shiny BABA. The luster will wane soon.
Too many positive BST transactions with too many members to list.
<< <i>
<< <i>Anyone still buying at these fire-sale prices? >>
Everyone's buying the new glitzy shiny BABA. The luster will wane soon. >>
Yup. They're dumping gold and silver to buy something far more substantial like Alibaba stock.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Currently at a cent over $18. How low will it go? What's your best guess? Anyone still buying at these fire-sale prices? >>
Much lower soon....and I bet the PM dealers will have some great sales........................yeah right!!
<< <i>
<< <i>Currently at a cent over $18. How low will it go? What's your best guess? Anyone still buying at these fire-sale prices? >>
Much lower soon....and I bet the PM dealers will have some great sales........................yeah right!! >>
SDBullion was at $402 a roll for 2014 ASEs not a half hour ago. Not no more.
<< <i>
<< <i>Currently at a cent over $18. How low will it go? What's your best guess? Anyone still buying at these fire-sale prices? >>
Much lower soon....and I bet the PM dealers will have some great sales........................yeah right!! >>
Makes you wonder how long the mint can continue to sell silver products without incurring a loss.
"The Coming Silver Shortage" by ..............pick one:
1) Peter Schiff
2) Doug Casey
3) Jason Hommel
4) Marc Faber
5) Jimmy Rogers
I knew it would happen.
<< <i>Makes you wonder how long the mint can continue to sell silver products without incurring a loss.
"The Coming Silver Shortage" by ..............pick one:
1) Peter Schiff
2) Doug Casey
3) Jason Hommel
4) Marc Faber
5) Jimmy Rogers >>
Yeah...I can't get away from the dire predictions on some websites, and the "sky's the limit" on others. Confused...
<< <i>
<< <i>Makes you wonder how long the mint can continue to sell silver products without incurring a loss.
"The Coming Silver Shortage" by ..............pick one:
1) Peter Schiff
2) Doug Casey
3) Jason Hommel
4) Marc Faber
5) Jimmy Rogers >>
Yeah...I can't get away from the dire predictions on some websites, and the "sky's the limit" on others. Confused... >>
let history be your guide
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
then there's the history of silver prices 1982-2003.
wai... wha?
Liberty: Parent of Science & Industry
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
It usually waits until I buy 50 or more ounces before it tanks like this.
I should sell so it will go back up.
<< <i>Makes you wonder how long the mint can continue to sell silver products without incurring a loss.
"The Coming Silver Shortage" by ..............pick one:
1) Peter Schiff
2) Doug Casey
3) Jason Hommel
4) Marc Faber
5) Jimmy Rogers >>
I wasn't thinking shortage. I was thinking what is the average cost per ounce of the silver that the Mint is using now. Until this week, silver hasn't been under $18 since mid August of 2010 if I read the 5 year price history correctly.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>how soon we forget that silver went from roughly $18 to nearly $50 within 9 months. >>
I see you fixed your rose colored glasses.
Knowledge is the enemy of fear
<< <i>
<< <i>how soon we forget that silver went from roughly $18 to nearly $50 within 9 months. >>
I see you fixed your rose colored glasses.
I keep a special gold trimmed pair just for the metals.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Dang! Gold is way down! Time to buy LOTS more of that too.
type2,CCHunter.
<< <i>I'm in to deep to sell and don't need to, guess the only logical thing to do is buy more at these levels. >>
I would wait a little longer, its in the cards to at least reach $15 before it goes back up. Of course it will go and and down in the mean time, like tomorrow will probably be back at $18, only because it reached $17 and people started buying.
type2,CCHunter.
<< <i>I'm in to deep to sell and don't need to, guess the only logical thing to do is buy more at these levels. >>
I couldn't have summed up my own situation any better than this^
In for an oz, in for a pound!
New lows are okay with me I just got some 90% quarters off ebay for below melt I'm happy. I had a random lot of quarters on my watch list that was over priced the seller just dropped his BIN tonight by $30 .
I've seen that a few times and taken advantage. Something spooked him and he decided they had to go right now
<< <i>New lows are okay with me I just got some 90% quarters off ebay for below melt I'm happy. I had a random lot of quarters on my watch list that was over priced the seller just dropped his BIN tonight by $30 .
I've seen that a few times and taken advantage. Something spooked him and he decided they had to go right now >>
He obviously had more foresight than you.
Silver appears to be in a free fall and should drop below $17 this coming week.
My prediction of 2 weeks ago, that gold may break $1200 barrier the following week, was premature. It may do so this week.
My down side target is much lower, but premiums are so low now it has become another anomaly to consider...
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Keep you eyes on the dollar index, silver will inversely follow
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>The dollar has pushed silver down.
Keep you eyes on the dollar index, silver will inversely follow >>
Is that what pushed it down from April 2011??? Bunch a nonsense...
Fear of inflation pushed metals to new highs. Realization since then that inflation is being delayed has brought them back down to earth. Temporary dollar strength is pushing them below earth. Fundamentals are being ignored. Ignore them at your own risk, they will prove to be the ultimate decider - not your opinion or my opinion.
You continue stacking your dollars, I'll continue stacking my metals. When inflation and dollar destruction explode you won't have enough dollars. I will have more than enough metal. If you don't see price inflation or dollar devaluation in your future then the dollar camp is the place for you. History shows that currency mismanagement will result in inflation and devaluation. I don't agree that this time it is different.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
question that comes to my mind, will 19 now be a ceiling?
Liberty: Parent of Science & Industry
must be hot and the kool aid iced...
the "dollar" which i have no idea of what u r refering to derryb, maybe u dont either... the dollar basket that trades was higher in april 2010 about 85+, than it is now, and silver was $2+ higher...
just pointing out that u r spouting rhetoric...
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>19 was tested and has held a couple times before in the past year, failed this time though..
<< <i>
question that comes to my mind, will 19 now be a ceiling? >>
It will until dollar weakness (euro/pound/yen strength) returns.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>If you don't understand the dollar index and its relationship to metals you best stick with your rhetoric and with dollars. >>
i do, there isnt one, and there is no exact formula or relationship that u can produce for the forum...
there is only one when one wants there to be one to fit their agenda... hence your one year chart...
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And buying at the lows in 2008...
<< <i>Simple, what's the equation???... >>
simple, A+ = B- or A- = B+
one goes up, the other goes down. If still confused, look up the definition of "inverse relationship."
<< <i>Oh and since it's so exact, point me to your post of selling gold n silver at the highs...And buying at the lows in 2008... >>
I am constantly buying and selling PMs. I buy at all the lows and attempt to sell at all the highs. Been a good business model for many years now with no plans to change it. Volatility, and not a straight shot up, are what make metal trading profitable. I am never exact when it comes to highs or lows, but I do have a good understanding of price direction and its causes. . . do you? If not, give your mouth a break and let your ears do the work.
Leave you with a prediction: Silver (and gold) will continue down if the dollar index holds up. I don't expect it to hold up much longer, which means I am buying at these prices.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Too many positive BST transactions with too many members to list.
<< <i>Good buys are everywhere. Just like good-byes, in a way. >>
They may not end up being good buys in a couple weeks tho.
<< <i>Funny, that graph doesn't look symmetrical to me... I'll ask a couple of 4th graders later... >>
Let me know when you get there, I impatiently await your advancement and your insight.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Funny, that graph doesn't look symmetrical to me... I'll ask a couple of 4th graders later... >>
Dude...is that because they are upperclassmen to your current educational level? I'm flat tired of your viewpoints laced with vitriol and ignorance. Just because you excel in name calling and misdirection doesn't make your points of view any more/less correct. Give me some meat...I find derryb's inverse comments compelling. I have also learned to listen (read) way more than I talk.
I guess this opens me to your 3rd grade (or 2nd?) ire...fire away.