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SMACK down Ag!!!!!!!!!!!

gsa1fangsa1fan Posts: 5,566 ✭✭✭
in Precious Metals
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Avid collector of GSA's.

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  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
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    Avid collector of GSA's.
  • notwilightnotwilight Posts: 12,864 ✭✭✭
    Wow. It's almost down to yesterday's price. image
  • chumleychumley Posts: 2,305 ✭✭✭✭
    dont we want silver to retreat a little before the mint releases the hockey pucks?
  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭
    What we call in the B&M's a "SPLUNGE!!!!!!!"
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    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,362 ✭✭✭✭✭
    Fortunately I set a SLV stop loss just before the express elevator when down. image
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    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
  • notwilightnotwilight Posts: 12,864 ✭✭✭


    << <i>Fortunately I set a SLV stop loss just before the express elevator when down. image >>



    I tried stop losses a few times when I used to trade tech stocks. My experience is that you will be crying in your beer when silver closes at $30 today or tomorrow. YMMV. --Jerry
  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
    People must be selling like mad. This was expected.
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Everyone was not selling their bullion like mad an hour ago. But no doubt someone sold a ton of paper an hour or so ago. Maybe JPM said screw it, we'll take the CTFC fine, just start naked short selling.

    Got pretty close to $30 ($29.30) before the splunge. Who would have thought that a week ago? But since it's been going up 1$ a day, a 1$ hit is not much a splunge. A higher high is still out there before Nov/Dec ends. Only question is where does silver and gold retest to? This could just be a 1 day affair as well. No guarantees. Place your bets and take your chances. I don't think it's going to back to $9 again.

    A likely place for gold to drop to is $1380 which marks the neckline of the recent cup. Silver would have to fall to $24-$25 to find its neckline. That would be enough hurt to keep a bunch of fresh faces from ever trying silver again!

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    People must be selling like mad. This was expected.

    I bet that people weren't selling any pms at all. I do think that computers were selling paper like crazy though.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • botanistbotanist Posts: 524 ✭✭✭
    Any abrupt movement like this can be due to even a single major seller unloading quickly.
  • laxmaster92laxmaster92 Posts: 777
    The dollar index is up .17
  • pmcollectourpmcollectour Posts: 1,211 ✭
    Did Silver drop $2.00 today ?
  • coinpicturescoinpictures Posts: 5,345 ✭✭✭
    Today's high: $29.34

    Today's low: $27.06 (right now)

    Update at 2:48 CT: $26.48 and falling.
    Numismotography

    1/2 Cents

    U.S. Revenue Stamps

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  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I hope no one is surprised. We knew this had to happen, right? The CME increased the spread, so guess what, speculation has been curbed and it goes down another 7-10% tomorrow. You heard it here first.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Wednesday's buy price 25.18

    "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

  • DNADaveDNADave Posts: 7,271 ✭✭✭✭✭


    << <i>People must be selling like mad. This was expected. >>




    I sold physical this past Saturday for 17X face and was THRILLED with the 11K I got.

    I was a bit disappointed with the Dollars, 142 of them which I also sold for $17each. But what the heck.
  • wpr102wpr102 Posts: 37
    If someone dumped a bunch of paper gold real fast is that good for the price of gold? I fell like more volatility will be good for gold long term. Eventually it might start trading like internet stocks in the glory days lol.
  • KonaheadKonahead Posts: 1,476 ✭✭✭


    << <i>dont we want silver to retreat a little before the mint releases the hockey pucks? >>



    I keep praying, but the mint will mark them up regardless of spot. image
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
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