From a collecting perspective, if silver hit $300 what percent of Morgan and Peace dollars get melted? I’d have to imagine at that level 99% of them would carry zero numismatic premium.
I have a price point in mind (no where near $300) when a $1,000 bag of 90% will go right out the door if I can find a dealer to buy it.
I don’t know how the futures markets work these days. And I’ll tell you how I got out of the futures markets, for once and for all. I was long one Chicago silver futures contract when Bunker Hunt tried to corner the market - and it was in the 70s not the 80s as I recall. It was a fun ride for the longs such as myself, of course. But it was deadly for the shorts. Again, I don’t know how the market works these days, but back then the limit move in either direction was ten cents per day. Now, if the market opened limit-up there were no trades, so the shorts could not get out - they were trapped. And limi-up on the opening happened, day after day after day in succession. So a lot of shorts got absolutely destroyed. I made out well, but learned my lesson: Get away from the futures markets and stay away, you could lose everything you own. Try something safe, like skydiving or free climbing.
@Billk9989 said:
I don’t know how the futures markets work these days. And I’ll tell you how I got out of the futures markets, for once and for all. I was long one Chicago silver futures contract when Bunker Hunt tried to corner the market - and it was in the 70s not the 80s as I recall. It was a fun ride for the longs such as myself, of course. But it was deadly for the shorts. Again, I don’t know how the market works these days, but back then the limit move in either direction was ten cents per day. Now, if the market opened limit-up there were no trades, so the shorts could not get out - they were trapped. And limi-up on the opening happened, day after day after day in succession. So a lot of shorts got absolutely destroyed. I made out well, but learned my lesson: Get away from the futures markets and stay away, you could lose everything you own. Try something safe, like skydiving or free climbing.
@Higashiyama said:
Monday and the coming week will undoubtably be wild. Markets open in the Far East soon.
However, things will settle down in a few weeks; this could be a great selling opportunity.
People should be thinking about selling no matter if they are still wildly optimistic (as I am). They should be thinking about getting out of low fineness, junk, and common melt based coins and moving into more interesting stuff like better date morgans that will trade at melt. I just found a 1979 Chinese 35 Y Year of the Child coin that I paid a small premium to melt for back in the mid-'90's. It probably cost me less than $5. I'll be sending it in to PCGS soon for a PR-68 grade and hoping to sell it for nearly $1000 based on its grade and the current demand.
There's always a lot of great stuff heading to the melting pot and this is especially true when prices are soaring or demand is very low. Just remember that things are always changing and high silver prices causes change in supply while macro-economic forces change huge changes in demand.
Also don't forget that silver is not only the poor man's gold but it is a bet on the ingenuity , intelligence, and resilience of the human race. We've jumped the shark and mortgaged the future but I'm still bullish on the long run. I consider the poor man to be that which makes everything work and that's never been more true than it has been for the last 40 years.
Apropos of nothing the Egyptians considered silver to be much more valuable than gold. Electrum was almost contaminated silver.
Long term holders might even consider lightening up on a spike and hoping for a lower point to buy later.
@10000lakes said:
I didn't know about this site previously. But came across it today.
Futures on the SLV ETF are trading currently between $29 and $30.
The SLV ETF closed @ around $25 on Friday.
Forward contracts always trade above the current price. There is a time premium built in. You are looking at a March option. The March option at the money had a $2.40 premium at the close. It still appears to be trading up from the $27.50 close, but I'm not sure what that site even is as global markets are largely closed until Asia opens at 6 p.m. EST tonight.
The link I posted is for the SLV ETF, not the actual price of silver.
SLV ETF closed at around $25 on Friday.
The chart confirms that, if you look back at the price at 4:00 pm on Friday, it was around $25.
It does not appear to have a premium or discount, other than when the stock market is closed.
So yeah, no guarantee that the market will open at that price.
It's just what people are betting on an off exchange product.
SLV ETF trades at about a 8% discount to the price of one oz of silver.
So they are betting silver will open around $32.40 per oz, based on this thing trading @ $30
We will soon find out, when the major metals markets open tonight and all the players are active setting the true price.
The link you posted is for the MARCH 26th option on SLV, not SLV. SLV-0326 is the expiration (03/26). That option closed at $27.50 on Friday. They are betting it closes at $30 on March 26th not tomorrow's open.
will be interesting. asia usually picks up at about 8 am their time. with the fall back we're talking 7pm here.
WallStreetBets talked a little silver, but they are way more obsessed with GME still. That site is ridiculous. They really think they can push GME to $10k.
will be interesting. asia usually picks up at about 8 am their time. with the fall back we're talking 7pm here.
WallStreetBets talked a little silver, but they are way more obsessed with GME still. That site is ridiculous. They really think they can push GME to $10k.
Once GameStop starts crashing, they will move into other stocks. Maybe slv!
will be interesting. asia usually picks up at about 8 am their time. with the fall back we're talking 7pm here.
WallStreetBets talked a little silver, but they are way more obsessed with GME still. That site is ridiculous. They really think they can push GME to $10k.
They need to find some bagholders for GME first. Even the guy that started that whole thing never thought the stock was worth this. He had a great prediction based on some seemingly sound research (I haven't cruised through it all), and then all of a sudden a very large group jumped on the bandwagon. A lot of the loudest voices in that room know the fix is in, and they need to cash out when they can.
I give it a 0% chance GME trades above 40 by the end of this year, and that will probably only be residual. I would put it back, but the cost is insane (I looked on Thursday and thought about it pretty hard).
I also know one thing (and maybe only one thing) ... but I know it very well (from experience even)
The market can stay irrational longer than I can stay solvent
Time to grab some popcorn. 10 minutes out, and probably within a couple hours we'll know if there are going to be any real fireworks.
My son got confirmation for 150 maples on Friday night for 30.10 each. I hope for his sake this gets interesting and that they deliver.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
will be interesting. asia usually picks up at about 8 am their time. with the fall back we're talking 7pm here.
WallStreetBets talked a little silver, but they are way more obsessed with GME still. That site is ridiculous. They really think they can push GME to $10k.
Once GameStop starts crashing, they will move into other stocks. Maybe slv!
Once Gamestop starts crashing, they won't have any money for other stocks.
One guy posted that "if we're up 100% tomorrow, I quit my restaurant job. If we're down 50%, I'm going to get a margin call and be broke for life."
I'm surprised no one has mentioned tulip bulbs yet.
Sure, there's a lot of silver in the world but most of it is owned by the 99% and there are almost no large hoards of it like there are with gold. It requires the general belief in lower prices to get owners to sell and there will be very little selling below $50 (probably).
@cladking said:
Sure, there's a lot of silver in the world but most of it is owned by the 99% and there are almost no large hoards of it like there are with gold. It requires the general belief in lower prices to get owners to sell and there will be very little selling below $50 (probably).
I don't think that's true. Big players own around 1 billion ounces
The close on Monday in NY .. more indicative of the trend.
I'm expecting a wild ride and down 80c on the day.
However, I expect stocks and bonds to BOTH be lower leading to higher gold prices Tuesday. Silver will lead and the makings of a buying panic will exist.
Looks like they just needed to see what the price was going to do.
That's what the message they had posted said. They never said they were out. They said due to demand they wouldn't sell until the market opened Sunday night. 5 minutes after the market opened, they were selling again.
@cladking said:
Sure, there's a lot of silver in the world but most of it is owned by the 99% and there are almost no large hoards of it like there are with gold. It requires the general belief in lower prices to get owners to sell and there will be very little selling below $50 (probably).
I don't think that's true. Big players own around 1 billion ounces
You're looking at this wrong. This silver is owned by many people and they aren't all wealthy. Every stakeholder and stockholder owns a littler bit of it. Most silver is in tiny little hoards of 50 to 5000 OZt controlled by little guys.
@10000lakes said:
I didn't know about this site previously. But came across it today.
Futures on the SLV ETF are trading currently between $29 and $30.
The SLV ETF closed @ around $25 on Friday.
Forward contracts always trade above the current price. There is a time premium built in. You are looking at a March option. The March option at the money had a $2.40 premium at the close. It still appears to be trading up from the $27.50 close, but I'm not sure what that site even is as global markets are largely closed until Asia opens at 6 p.m. EST tonight.
The link I posted is for the SLV ETF, not the actual price of silver.
SLV ETF closed at around $25 on Friday.
The chart confirms that, if you look back at the price at 4:00 pm on Friday, it was around $25.
It does not appear to have a premium or discount, other than when the stock market is closed.
So yeah, no guarantee that the market will open at that price.
It's just what people are betting on an off exchange product.
SLV ETF trades at about a 8% discount to the price of one oz of silver.
So they are betting silver will open around $32.40 per oz, based on this thing trading @ $30
We will soon find out, when the major metals markets open tonight and all the players are active setting the true price.
The link you posted is for the MARCH 26th option on SLV, not SLV. SLV-0326 is the expiration (03/26). That option closed at $27.50 on Friday. They are betting it closes at $30 on March 26th not tomorrow's open.
Hey, to be honest I'm not exactly sure, but I believe this Tokenized stock is just reflecting what people are will to pay for 1 share of SLV at the current moment. If you look at this screen shot you can see that on Friday's close @ 4:00 pm the token was trading at around $25or a little higher. That is around the same price as what SLV closed at in the US On Friday Jan 29th. There is no option premium. It's now trading around $30 based on what people think it might open at on Monday.
@jessewvu said:
Is it any better for a billionaire to tell the world they are shorting a stock??
Morally? Probably not. There is a very fuzzy line between sharing information and price manipulation. A lot of it depends on intent which is hard to assess.
But I don't think this is even close. This isn't a bunch of Gamestop lovers buying positions for the long term. They intentionally declared war on the institutional shorts. They don't care about the company. They didn't make the decision based on the strength of the company (unlike your billionaire who sensed weakness). They made the decision to intentionally create a short squeeze to manipulate the price to profit from that price manipulation.
It's kind of funny and amusing - since I'm not short GME. But after I stopped laughing, I started to realize how dangerous this behavior is and why it is criminal in the first place.
They could easily (temporarily) crash any small to mid-cap stock. And if they wanted to throw more money in, they could probably tank Apple and Microsoft also. That's why Warren Buffet called derivatives "financial weapons of mass destruction". You don't need a lot of money to trade options or futures which have built-in leverage. In this case, they were using cheap, way out of the money calls to push the price.
This is no different than betting that a team you play on will lose. Short Selling should be removed, period. Thinking and hoping that someone loses is wrong, and gives people an incentive to not do or give their best.
@cladking said:
Sure, there's a lot of silver in the world but most of it is owned by the 99% and there are almost no large hoards of it like there are with gold. It requires the general belief in lower prices to get owners to sell and there will be very little selling below $50 (probably).
I don't think that's true. Big players own around 1 billion ounces
You're looking at this wrong. This silver is owned by many people and they aren't all wealthy. Every stakeholder and stockholder owns a littler bit of it. Most silver is ion tiny little hoards of 50 to 5000 OZt controlled by little guys.
Scroll down, they talk about the institutions vs. the retail buyers.
@10000lakes said:
I didn't know about this site previously. But came across it today.
Futures on the SLV ETF are trading currently between $29 and $30.
The SLV ETF closed @ around $25 on Friday.
Forward contracts always trade above the current price. There is a time premium built in. You are looking at a March option. The March option at the money had a $2.40 premium at the close. It still appears to be trading up from the $27.50 close, but I'm not sure what that site even is as global markets are largely closed until Asia opens at 6 p.m. EST tonight.
The link I posted is for the SLV ETF, not the actual price of silver.
SLV ETF closed at around $25 on Friday.
The chart confirms that, if you look back at the price at 4:00 pm on Friday, it was around $25.
It does not appear to have a premium or discount, other than when the stock market is closed.
So yeah, no guarantee that the market will open at that price.
It's just what people are betting on an off exchange product.
SLV ETF trades at about a 8% discount to the price of one oz of silver.
So they are betting silver will open around $32.40 per oz, based on this thing trading @ $30
We will soon find out, when the major metals markets open tonight and all the players are active setting the true price.
The link you posted is for the MARCH 26th option on SLV, not SLV. SLV-0326 is the expiration (03/26). That option closed at $27.50 on Friday. They are betting it closes at $30 on March 26th not tomorrow's open.
Hey, to be honest I'm not exactly sure, but I believe this Tokenized stock is just reflecting what people are will to pay for 1 share of SLV at the current moment. If you look at this screen shot you can see that on Friday's close @ 4:00 pm the token was trading at around $25or a little higher. That is around the same price as what SLV closed at in the US On Friday Jan 29th. There is no option premium. It's now trading around $30 based on what people think it might open at on Monday.
Dude, I don't want to argue with you, but it says right on the screen plain as day. It's a futures contract expiring on 3/26. Look at what I circled. What do you think "March 2021 futures" means?
The March future contract is the current spot price. The spot market is open and silver is at $29.23 as I write this which is what that contract is showing. The SLV is always lower than spot because of the decay in the fund and the duration of the option.
I'm waiting for GME to do a dutch auction to benefit the company. I wonder what a fairly large stock offering will do to it's balance sheet if the can receive a price greater than say $20/share
@jkrk said:
I'm waiting for GME to do a dutch auction to benefit the company. I wonder what a fairly large stock offering will do to it's balance sheet if the can receive a price greater than say $20/share
It's already benefited GME. $600 million 2.95% convertible senior 2026 notes were converted into Class A common shares last week. That's a lot of debt wiped off the books.
@jessewvu said:
Is it any better for a billionaire to tell the world they are shorting a stock??
Morally? Probably not. There is a very fuzzy line between sharing information and price manipulation. A lot of it depends on intent which is hard to assess.
But I don't think this is even close. This isn't a bunch of Gamestop lovers buying positions for the long term. They intentionally declared war on the institutional shorts. They don't care about the company. They didn't make the decision based on the strength of the company (unlike your billionaire who sensed weakness). They made the decision to intentionally create a short squeeze to manipulate the price to profit from that price manipulation.
It's kind of funny and amusing - since I'm not short GME. But after I stopped laughing, I started to realize how dangerous this behavior is and why it is criminal in the first place.
They could easily (temporarily) crash any small to mid-cap stock. And if they wanted to throw more money in, they could probably tank Apple and Microsoft also. That's why Warren Buffet called derivatives "financial weapons of mass destruction". You don't need a lot of money to trade options or futures which have built-in leverage. In this case, they were using cheap, way out of the money calls to push the price.
This is no different than betting that a team you play on will lose. Short Selling should be removed, period. Thinking and hoping that someone loses is wrong, and gives people an incentive to not do or give their best.
Short selling plays an important role in the financial markets.
"Dude, I don't want to argue with you, but it says right on the screen plain as day. It's a futures contract expiring on 3/26."
I suggest you read up on the difference between futures and options and get back to me on what premium means between the two products. Futures trade closer to the underlying spot price because people can use one to hedge the other to bring them back in sync in most normal markets.
In any case the Tokenized stock is more like people betting what SLV will trade at.
The actual market for the SLV etf will open at 8:00pm EST in nightly trading, so we will have a clearer picture then.
edit to add - When SLV opens for trading tonight, that token price should sync up to that price, since there would then an offsetting market to hedge in.
@10000lakes said:
"Dude, I don't want to argue with you, but it says right on the screen plain as day. It's a futures contract expiring on 3/26."
I suggest you read up on the difference between futures and options and get back to me on what premium means between the two products. Futures trade closer to the underlying spot price because people can use one to hedge the other to bring them back in sync in most normal markets.
In any case the Tokenized stock is more like people betting what SLV will trade at.
The actual market for the SLV etf will open at 8:00pm EST in nightly trading, so we will have a clearer picture then.
Futures contracts trade for a premium based on duration - as I indicated. The June future trades higher than the March future.
I'm not sure what we're waiting for. The silver market is open now. SLV is always back of the actual silver price and the current silver price is $28.11 while your "tokenized ETF future" is at $30. There's no way SLV opens at $30.
@opportunity said:
I would say not to underestimate WSB, but there's a big thread on there right now saying to stay away, it's a trap, etc.
It started being a trap a week ago. The current "pump" on there is telling everyone to HOLD HOLD HOLD! Why? Because as soon as anyone starts trying to take profits, the Ponzi scheme collapses.
I do like the "diamond hands". LOL.
Remarkably, the entire float of the company traded on Friday.
Comments
Just took a quick look at APMEX, no silver bullion is for sale.
Check their available items, there are lots of silver items available, although the lowest I saw was $59.99 per ounce.
I’m thinking silver should be pushed to at least 50 an ounce this week
From a collecting perspective, if silver hit $300 what percent of Morgan and Peace dollars get melted? I’d have to imagine at that level 99% of them would carry zero numismatic premium.
I have a price point in mind (no where near $300) when a $1,000 bag of 90% will go right out the door if I can find a dealer to buy it.
Member ANA, SPMC, SCNA, FUN, CONECA
I would consider that “collectible”. And I use the term loosely.
My favorite has to be the one gram silver “bars” for $13.
Monday and the coming week will undoubtably be wild. Markets open in the Far East soon.
However, things will settle down in a few weeks; this could be a great selling opportunity.
I don’t know how the futures markets work these days. And I’ll tell you how I got out of the futures markets, for once and for all. I was long one Chicago silver futures contract when Bunker Hunt tried to corner the market - and it was in the 70s not the 80s as I recall. It was a fun ride for the longs such as myself, of course. But it was deadly for the shorts. Again, I don’t know how the market works these days, but back then the limit move in either direction was ten cents per day. Now, if the market opened limit-up there were no trades, so the shorts could not get out - they were trapped. And limi-up on the opening happened, day after day after day in succession. So a lot of shorts got absolutely destroyed. I made out well, but learned my lesson: Get away from the futures markets and stay away, you could lose everything you own. Try something safe, like skydiving or free climbing.
I love your last sentence!
People should be thinking about selling no matter if they are still wildly optimistic (as I am). They should be thinking about getting out of low fineness, junk, and common melt based coins and moving into more interesting stuff like better date morgans that will trade at melt. I just found a 1979 Chinese 35 Y Year of the Child coin that I paid a small premium to melt for back in the mid-'90's. It probably cost me less than $5. I'll be sending it in to PCGS soon for a PR-68 grade and hoping to sell it for nearly $1000 based on its grade and the current demand.
There's always a lot of great stuff heading to the melting pot and this is especially true when prices are soaring or demand is very low. Just remember that things are always changing and high silver prices causes change in supply while macro-economic forces change huge changes in demand.
Also don't forget that silver is not only the poor man's gold but it is a bet on the ingenuity , intelligence, and resilience of the human race. We've jumped the shark and mortgaged the future but I'm still bullish on the long run. I consider the poor man to be that which makes everything work and that's never been more true than it has been for the last 40 years.
Apropos of nothing the Egyptians considered silver to be much more valuable than gold. Electrum was almost contaminated silver.
Long term holders might even consider lightening up on a spike and hoping for a lower point to buy later.
I agree. I’ll sell my common date Morgan’s then I’ll buy uncirculated ones!
The link you posted is for the MARCH 26th option on SLV, not SLV. SLV-0326 is the expiration (03/26). That option closed at $27.50 on Friday. They are betting it closes at $30 on March 26th not tomorrow's open.
36 minutes
will be interesting. asia usually picks up at about 8 am their time. with the fall back we're talking 7pm here.
WallStreetBets talked a little silver, but they are way more obsessed with GME still. That site is ridiculous. They really think they can push GME to $10k.
Once GameStop starts crashing, they will move into other stocks. Maybe slv!
I heard my entire life silver was on the verge of going to the moon. I believed it for awhile.
They need to find some bagholders for GME first. Even the guy that started that whole thing never thought the stock was worth this. He had a great prediction based on some seemingly sound research (I haven't cruised through it all), and then all of a sudden a very large group jumped on the bandwagon. A lot of the loudest voices in that room know the fix is in, and they need to cash out when they can.
I give it a 0% chance GME trades above 40 by the end of this year, and that will probably only be residual. I would put it back, but the cost is insane (I looked on Thursday and thought about it pretty hard).
I also know one thing (and maybe only one thing) ... but I know it very well (from experience even)
The market can stay irrational longer than I can stay solvent
Time to grab some popcorn. 10 minutes out, and probably within a couple hours we'll know if there are going to be any real fireworks.
My son got confirmation for 150 maples on Friday night for 30.10 each. I hope for his sake this gets interesting and that they deliver.
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
Once Gamestop starts crashing, they won't have any money for other stocks.
One guy posted that "if we're up 100% tomorrow, I quit my restaurant job. If we're down 50%, I'm going to get a margin call and be broke for life."
I'm surprised no one has mentioned tulip bulbs yet.
Isn't anyone going to say it?
Silver gapped higher.
Gapped higher? Easiest call.
The close on Monday in NY .. more indicative of the trend.
Well, we expected that. LOL.
Sure, there's a lot of silver in the world but most of it is owned by the 99% and there are almost no large hoards of it like there are with gold. It requires the general belief in lower prices to get owners to sell and there will be very little selling below $50 (probably).
I don't think that's true. Big players own around 1 billion ounces
https://www.jmbullion.com/investing-guide/pricing-payments/who-owns-most-silver-bullion-today/
Also Dow futures are down! That is good news for younger people like me I can buy the dip!
I'm expecting a wild ride and down 80c on the day.
However, I expect stocks and bonds to BOTH be lower leading to higher gold prices Tuesday. Silver will lead and the makings of a buying panic will exist.
Apmex selling again.
NO.
Looks like they just needed to see what the price was going to do.
Go get em’!
That's what the message they had posted said. They never said they were out. They said due to demand they wouldn't sell until the market opened Sunday night. 5 minutes after the market opened, they were selling again.
2021 SAE for $41 - pass.
You're looking at this wrong. This silver is owned by many people and they aren't all wealthy. Every stakeholder and stockholder owns a littler bit of it. Most silver is in tiny little hoards of 50 to 5000 OZt controlled by little guys.
as low as ~$10 over? hard pass
Hey, to be honest I'm not exactly sure, but I believe this Tokenized stock is just reflecting what people are will to pay for 1 share of SLV at the current moment. If you look at this screen shot you can see that on Friday's close @ 4:00 pm the token was trading at around $25or a little higher. That is around the same price as what SLV closed at in the US On Friday Jan 29th. There is no option premium. It's now trading around $30 based on what people think it might open at on Monday.
This is no different than betting that a team you play on will lose. Short Selling should be removed, period. Thinking and hoping that someone loses is wrong, and gives people an incentive to not do or give their best.
On Thursday I picked up 30 dollars face of 90%. Looks like good timing. That was from J&M, they have nothing in stock today.
Scroll down, they talk about the institutions vs. the retail buyers.
Also
https://www.statista.com/statistics/273649/silver-reserves-of-countries/
Let's see......
People want silver eagles
Palladium eagles
But I'm holding platinum eagles. The story of my life. I wonder if the kids will want it?
Earlier years are cheaper. Always a higher premium for the new issue.
The funny thing is, silver was only barely mentioned at all on the wallstreetbets reddit.
Dude, I don't want to argue with you, but it says right on the screen plain as day. It's a futures contract expiring on 3/26. Look at what I circled. What do you think "March 2021 futures" means?
The March future contract is the current spot price. The spot market is open and silver is at $29.23 as I write this which is what that contract is showing. The SLV is always lower than spot because of the decay in the fund and the duration of the option.
I'm waiting for GME to do a dutch auction to benefit the company. I wonder what a fairly large stock offering will do to it's balance sheet if the can receive a price greater than say $20/share
It's already benefited GME. $600 million 2.95% convertible senior 2026 notes were converted into Class A common shares last week. That's a lot of debt wiped off the books.
I haven't had this much fun on the forum since the Omega coin thread went nuclear. > @thefinn said:
Short selling plays an important role in the financial markets.
Culls / damaged as low as $7.99 over spot 😂
"Dude, I don't want to argue with you, but it says right on the screen plain as day. It's a futures contract expiring on 3/26."
I suggest you read up on the difference between futures and options and get back to me on what premium means between the two products. Futures trade closer to the underlying spot price because people can use one to hedge the other to bring them back in sync in most normal markets.
In any case the Tokenized stock is more like people betting what SLV will trade at.
The actual market for the SLV etf will open at 8:00pm EST in nightly trading, so we will have a clearer picture then.
edit to add - When SLV opens for trading tonight, that token price should sync up to that price, since there would then an offsetting market to hedge in.
I would say not to underestimate WSB, but there's a big thread on there right now saying to stay away, it's a trap, etc.
Early American Copper, Bust and Seated.
Futures contracts trade for a premium based on duration - as I indicated. The June future trades higher than the March future.
I'm not sure what we're waiting for. The silver market is open now. SLV is always back of the actual silver price and the current silver price is $28.11 while your "tokenized ETF future" is at $30. There's no way SLV opens at $30.
I think coin shops are going to be super busy tomorrow.
Owner/Founder GreatCollections
GreatCollections Coin Auctions - Certified Coin Auctions Every Week - Rare Coins & Coin Values
It started being a trap a week ago. The current "pump" on there is telling everyone to HOLD HOLD HOLD! Why? Because as soon as anyone starts trying to take profits, the Ponzi scheme collapses.
I do like the "diamond hands". LOL.
Remarkably, the entire float of the company traded on Friday.