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Silver will drop BIG TIME Thursday 10-16-08

UtahCoinUtahCoin Posts: 5,346 ✭✭✭✭✭
in Precious Metals
I say that because I'm moving about $10K into silver today....image
I used to be somebody, now I'm just a coin collector.
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.

Comments

  • 57loaded57loaded Posts: 4,967 ✭✭✭
    thanks for the heads up I was gonna buy some too, but i'll waitimage
  • HonoluluDudeHonoluluDude Posts: 2,167 ✭


    << <i>I say that because I'm moving about $10K into silver today....image >>

    Paper or physical?
  • UtahCoinUtahCoin Posts: 5,346 ✭✭✭✭✭


    << <i>

    << <i>I say that because I'm moving about $10K into silver today....image >>



    Paper or physical? >>



    ALWAYS physical....
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I will wait. You are so kind to warn us.

    Ren
  • OPAOPA Posts: 17,124 ✭✭✭✭✭
    Great ... I sold all of mine recently at $7 over spot ... maybe tomorrow I can pick some up at $10 over spotimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cinman14cinman14 Posts: 2,489 ✭


    << <i>Paper or physical? >>



    Paper....image

    Some will never learn....image
  • ttownttown Posts: 4,472 ✭✭✭
    Has Russ confirmed this? Boy if he's buying were all screwed!
  • WalmannWalmann Posts: 2,806 ✭


    << <i>

    << <i>

    << <i>I say that because I'm moving about $10K into silver today....image >>



    Paper or physical? >>



    ALWAYS physical.... >>



    A Olivia Newton John fan I see.
  • fcfc Posts: 12,793 ✭✭✭
    and here i am hoping for a bump over the next 5 business days to 12ish. :-(
  • RedTigerRedTiger Posts: 5,608 ✭
    UtahCoin is ever so humble. Readers should keep in mind that he was one of the very few on the forum to announce in public a sale in quantity when silver went over $20, and platinum over $2000. He did so, like this post, when the transaction took place, not weeks later in hindsight when it was obvious it was a good move.
    Investment blog: gold, stocks and more
  • pragmaticgoatpragmaticgoat Posts: 856 ✭✭✭
    What's the premium for physical over paper this week for 90% junk silver, if you can find any?
    BST references:
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  • UtahCoinUtahCoin Posts: 5,346 ✭✭✭✭✭


    << <i>UtahCoin is ever so humble. Readers should keep in mind that he was one of the very few on the forum to announce in public a sale in quantity when silver went over $20, and platinum over $2000. He did so, like this post, when the transaction took place, not weeks later in hindsight when it was obvious it was a good move. >>



    image That was sheer luck that I hit it on the exact day it peaked. Sold a LOT of platinum that day.
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • BobkBobk Posts: 593
    Thanks for the heads up. Now ya think ya can find any. I'm headed to St Charles this friday in the hunt for some silver>
    Pecunia in arbotis non crescit.
  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭
    I bought in at 12.45
    12.05
    11.22
    and watched my money get less and less
    https://www.ebay.com/str/christyscoins
  • UtahCoinUtahCoin Posts: 5,346 ✭✭✭✭✭
    Seriously, I do think today is a "buy" day.
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • HonoluluDudeHonoluluDude Posts: 2,167 ✭


    << <i>Seriously, I do think today is a "buy" day. >>

    Just out of curiosity, what makes you think that?
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    Just curious, did you buy one of These?

    There were a lot more earlier....

    image
    imageQuid pro quo. Yes or no?
  • UtahCoinUtahCoin Posts: 5,346 ✭✭✭✭✭


    << <i>

    << <i>Seriously, I do think today is a "buy" day. >>



    Just out of curiosity, what makes you think that? >>



    My gut....
    The same gut feeling that told me to sell Gold and Plat. the day they were over $1K & $2K
    The same gut feeling that told me to buy all the silver I could that day back in about 1991 when silver was $2.65 oz.
    My gut feeling has served me well over the years in deciding clients to work with and people to trust, and people to avoid.

    I wish I could give you something more tangible, but I can't.
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • UtahCoinUtahCoin Posts: 5,346 ✭✭✭✭✭


    << <i>Just curious, did you buy one of These?

    There were a lot more earlier....

    image >>



    Those make great door stops! I try to stay with 100 oz bars...
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • CalGoldCalGold Posts: 2,608 ✭✭
    I still can't figure out why it isn't at $7.50 right now.

    CG
  • 08HALA2008HALA20 Posts: 3,066 ✭✭✭


    << <i>

    << <i>Just curious, did you buy one of These?

    There were a lot more earlier....

    image >>



    Those make great door stops! I try to stay with 100 oz bars... >>




    Who is selling 100 oz. bars?

    Joe
    EBAY AUCTIONS
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>I say that because I'm moving about $10K into silver today....image >>


    What is this...a self fulfilling prophecy? image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • TrustNo1TrustNo1 Posts: 1,359 ✭
    Just dipped under $10
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Maybe it will be $7.50 again! I'd toss my guess out and say whatever we see today or Friday will be the cycle low.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • fcfc Posts: 12,793 ✭✭✭


    << <i>Just dipped under $10 >>



    it has been there before for a few minutes/hours in the last week or so.
    it quickly rebounds back above 10 bucks.

    i think below 9 is a big time drop. lets wait and see ;-)
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    utahcoin, do you know inside info that we don't?
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • holeinone1972holeinone1972 Posts: 5,348 ✭✭✭
    LOL !!!!!!!!!!!!!!!!!!!!!
    image
  • UtahCoinUtahCoin Posts: 5,346 ✭✭✭✭✭


    << <i>utahcoin, do you know inside info that we don't? >>



    image

    I may buy some more today, for some dollar cost averaging. See what happens tomorrow..... If it drops again, we may see a run up Monday.
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭


    << <i>

    << <i>utahcoin, do you know inside info that we don't? >>



    image

    I may buy some more today, for some dollar cost averaging. See what happens tomorrow..... If it drops again, we may see a run up Monday. >>



    I bought some at 9.71 I'll never learn
    https://www.ebay.com/str/christyscoins
  • MikensayMikensay Posts: 52


    << <i>I still can't figure out why it isn't at $7.50 right now.

    CG >>



    Looking for education: Why do you think it should be down at $7.50? I've been watching and waiting to buy and was going to a few days ago....glad I didn't.

  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    Please add me to your PM list to notify me when you buy and sell PM's in the future. image
    imageQuid pro quo. Yes or no?
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>Please add me to your PM list to notify me when you buy and sell PM's in the future. image >>




    i agree image

    image
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    congratulations grasshopper

    $12.40 on teletradedirect
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>congratulations grasshopper

    $12.40 on teletradedirect >>



    30% over spot .... no thanks .... this is not the time to be chasing PM's ....
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • guitarwesguitarwes Posts: 9,266 ✭✭✭

    It's $9.19 right now......scary to think that Utah might have an inside scoop.....image

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • ziggy29ziggy29 Posts: 18,668 ✭✭✭
    For those of you reporting "buying" under $10, I assume you're talking about "paper silver"? Other than 1,000 ounce bars, I don't know anyone selling for less than $12...
  • UtahCoinUtahCoin Posts: 5,346 ✭✭✭✭✭
    No matter what happens today, I think it will start back up Monday....
    Just a gut feeling.
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • UtahCoinUtahCoin Posts: 5,346 ✭✭✭✭✭
    And by the way, buying paper silver, scares me to death. I want it in my hot little hand...
    I used to be somebody, now I'm just a coin collector.
    Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
  • SilverBaronSilverBaron Posts: 767 ✭
    "....And by the way, buying paper silver, scares me to death. I want it in my hot little hand... "


    We must be distant kin...... no paper...... just the real stuff!!

    Hope your "gut" is right!!



    Keep on stack'n!!

    Silver Baron
    ********************
    Silver is the mortar that binds the bricks of loyalty.
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>No matter what happens today, I think it will start back up Monday....
    Just a gut feeling. >>



    It's time for you to have your gut examined by an experienced specialist.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • KipKip Posts: 852
    Price may fall by half but I guarantee the sell price will rise the same or more image
    UCSB Electrical Engineering....... USCG and NASA
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