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Silver and gold are off to the races today

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  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    How much will smack down be?
    Avid collector of GSA's.
  • pitbosspitboss Posts: 8,643 ✭✭✭


    << <i>How much will smack down be? >>





    No sign of a smackdown yet. People are buying like crazy from what I can see.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Daily charts show around 9-10am~usually.
    Avid collector of GSA's.
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    I agree with NO smackdown today boys.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    I like dem schmack downs
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • slipgateslipgate Posts: 2,301 ✭✭


    << <i>I'm gonna unload some more 90% after it recovers from the morning dip that JPM usually gives us.

    Buying more .40 cal & .223 with some of the procedes. image

    image >>



    ..had to comment - I was shooting both .40 cal (XD 40 V10) and .223 (RRA AR15) this weekend. image
    My Registry Sets! PCGS Registry
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>

    << <i>How much will smack down be? >>





    No sign of a smackdown yet. People are buying like crazy from what I can see. >>



    Ebay was nuts last night. People were paying way over spot on 90% and .999 all night long.
  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    I don't get it...Why the buying frenzy last night and today? Were these Ebay transactions out of the norm?
    What happened with ETF volumes.

    Just trying to pinpoint this latest trigger.

    Seems something sparked the buying frenzy at these new highs, why would people wait for highs to induce buying.

    CU Ancient Members badge member.

    Collection: https://flickr.com/photos/185200668@N06/albums

  • Coins101Coins101 Posts: 2,602 ✭✭✭
    I don't know other than the eBay Bucks Cert's came out.

    Who knows, maybe the Fed's ordered another printing press - a super high volumn one this time!!!
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I don't get it...Why the buying frenzy last night and today? Were these Ebay transactions out of the norm?
    What happened with ETF volumes.

    Just trying to pinpoint this latest trigger.


    There's alot to choose from - take your pick.

    Daily Pfennig - Chuck Butler
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.


  • << <i>

    << <i>I'm gonna unload some more 90% after it recovers from the morning dip that JPM usually gives us.

    Buying more .40 cal & .223 with some of the procedes. image

    image >>



    ..had to comment - I was shooting both .40 cal (XD 40 V10) and .223 (RRA AR15) this weekend. image >>



    ----------------------------------------------------------------------

    Me too, slipgate!

    Me and my son were shooting this Browning Pro-40 (which is the Browning version of the FNP 40, as FNP owns Browning) + a Springfield Armory .40 cal XDm w/ 3.8" Barrel (not the new compact) + a Smith and Wesson M&P AR15 5.56mm (.223) w/ S&W factory installed Adams Arms Piston System.

    I am actually only buying brass-cased NATO spec 5.56mm ammo not the .223 ;> While the NATO spec 5.56mm costs a bit more Silver coin, the steel-cased .223 crap fails to extract in each of my 3 piston rifiles(!) about every 4-5 rounds.

    Ended up selling some 90% at $38.48 today.
  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    Ditch the AR15 and get something more reliable image
    image



    << <i>

    << <i>

    << <i>I am actually only buying brass-cased NATO spec 5.56mm ammo not the .223 ;> While the NATO spec 5.56mm costs a bit more Silver coin, the steel-cased .223 crap fails to extract in each of my 3 piston rifiles(!) about every 4-5 rounds.

    Ended up selling some 90% at $38.48 today. >>

    CU Ancient Members badge member.

    Collection: https://flickr.com/photos/185200668@N06/albums

  • pitbosspitboss Posts: 8,643 ✭✭✭
    will it make it today on it's way to $40?
  • SwampboySwampboy Posts: 12,987 ✭✭✭✭✭
    $39.00!

    image

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭


    << <i>Ditch the AR15 and get something more reliable image
    image



    << <i>

    << <i>

    << <i>I am actually only buying brass-cased NATO spec 5.56mm ammo not the .223 ;> While the NATO spec 5.56mm costs a bit more Silver coin, the steel-cased .223 crap fails to extract in each of my 3 piston rifiles(!) about every 4-5 rounds.

    Ended up selling some 90% at $38.48 today. >>

    >>



    Precious Metals do come in all Forms

    Steve
    Promote the Hobby
  • 19Lyds19Lyds Posts: 26,490 ✭✭✭✭
    Incredible.

    I never thought I'd see the day!





    Say wait a minute.......................it broke $39 an ounce in 1980!
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    That $50oz by April 26 looking not so far fetchedimage

    Avid collector of GSA's.
  • 19Lyds19Lyds Posts: 26,490 ✭✭✭✭


    << <i>That $50oz by April 26 looking not so far fetchedimage >>

    It took 3 months to jump $10 so $50 by the end of April is a bit presumptuous.
    I decided to change calling the bathroom the John and renamed it the Jim. I feel so much better saying I went to the Jim this morning.



    The name is LEE!
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Well I thought silver was cooked @ $31.50 around mid February. There is a thread about April 26 $50oz silver some where.
    Avid collector of GSA's.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    $50 Ag pollimage Here ya go Ernestimage
    Avid collector of GSA's.
  • rpwrpw Posts: 235 ✭✭


    << <i>Ditch the AR15 and get something more reliable >>



    I did. Then I got bored and Bubba came over for a visit.
    image
    imageimage Small Size National Bank Note Type Set $5-$100
  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    Why would you do all that to an AK? image

    CU Ancient Members badge member.

    Collection: https://flickr.com/photos/185200668@N06/albums

  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>Why would you do all that to an AK? image >>



    Just to spray bullets. That is the only way you can hit anything with one! image
  • ProofCollectionProofCollection Posts: 6,115 ✭✭✭✭✭
    What is a hurtle?
  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭


    << <i>What is a hurtle? >>



    It's like an owwie!

    image
    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.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>What is a hurtle? >>



    yeah if you're gonna edit your post check yer spellin'image

    i DO want to thank you for keeping the same post going rather than starting a new one. KUDOS to you!
    imageimage
  • pitbosspitboss Posts: 8,643 ✭✭✭
    I know how to spell mark !
  • ksammutksammut Posts: 1,074 ✭✭✭
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page

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    ANA Life Member & Volunteer District Representative

    2019 ANA Young Numismatist of the Year

    Doing my best to introduce Young Numismatists and Young Adults into the hobby.

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>Silver and Gold: Sprott Sees 20%-40% Gains Still Ahead This Year >>



    Thanks for posting! I like way this Sprott talks!image
    Avid collector of GSA's.
  • fivecentsfivecents Posts: 11,207 ✭✭✭✭✭
    Looks like fellow forum member Jester has been right about silver the whole time.image
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    $20 was the only real "hurtle" along the way. $30 went down pretty easy. $40 apparently is going down just as easy but there will be at least a brief struggle there.
    Next real "absolute" resistance point is the all time high from January 1980. That will probably prove to be almost as stubborn as the $20 level. We shall see.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • gecko109gecko109 Posts: 8,231


    << <i>$20 was the only real "hurtle" along the way. $30 went down pretty easy. $40 apparently is going down just as easy but there will be at least a brief struggle there.
    Next real "absolute" resistance point is the all time high from January 1980. That will probably prove to be almost as stubborn as the $20 level. We shall see.

    roadrunner >>





    I was just discussing this with fellow coworkers this morning. I predict a steady climb to near $50 by early summer.....then a "correction" down to $42-$44 shortly after.....followed by a lull at that level for remainder of summer, then a steady climb past $50 in early-mid fall. Im calling a 2011 top at $55.....and a 2011 close right in that neighborhood.
  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭


    << <i>

    << <i>$20 was the only real "hurtle" along the way. $30 went down pretty easy. $40 apparently is going down just as easy but there will be at least a brief struggle there.
    Next real "absolute" resistance point is the all time high from January 1980. That will probably prove to be almost as stubborn as the $20 level. We shall see.

    roadrunner >>





    I was just discussing this with fellow coworkers this morning. I predict a steady climb to near $50 by early summer.....then a "correction" down to $42-$44 shortly after.....followed by a lull at that level for remainder of summer, then a steady climb past $50 in early-mid fall. Im calling a 2011 top at $55.....and a 2011 close right in that neighborhood. >>



    That sounds perfectly reasonable. There will be corrections along the way, with a big one at the great psychological massif of $50, but I am not selling.

    TD
    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.
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    So, it anyone here still accumulating at these levels?
  • pitbosspitboss Posts: 8,643 ✭✭✭
    I sold some of my eagles off and replaced them with 5 ounce ATB's so I am still at the same level of ounces but with 125 ounces of ATM's

    instead of all eagles. I took some profit and own the ATB's at way less than melt.



    Sometimes my fingers get in the way of my brain its not atm's its atb's.
  • SanctionIISanctionII Posts: 12,104 ✭✭✭✭✭
    Why is $40.00 "magic"?

    Will $50.00 also be "magic"?

    How about $100.00?
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>Why is $40.00 "magic"?

    Will $50.00 also be "magic"?

    How about $100.00? >>



    Any nice round number is considered magic by some PM investors.

    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

  • pitbosspitboss Posts: 8,643 ✭✭✭


    << <i>Why is $40.00 "magic"?

    Will $50.00 also be "magic"?

    How about $100.00? >>




    $100 would be ok by me !!!
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>Why is $40.00 "magic"?

    Will $50.00 also be "magic"?

    How about $100.00? >>




    Yes, to all the aboveimage
    Avid collector of GSA's.
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>How about $100.00? >>



    I don't know about you but $100 oz would be magic in my book!!!

    Why do vendors sell thing for $199.99 rather than $200.00, or 99 cents rather than a buck?
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>SILVER just about to break the magic $40.00 mark >>



    Not today, but perhaps tomorrow?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • pitbosspitboss Posts: 8,643 ✭✭✭
    Looks like today could be the day, maybe!
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Europe's raised interest rates upswing?
    Avid collector of GSA's.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Looks like today could be the day, maybe! >>



    Appearance are deceiving...probably not today either.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • pitbosspitboss Posts: 8,643 ✭✭✭


    << <i>

    << <i>Looks like today could be the day, maybe! >>



    Appearance are deceiving...probably not today either. >>




    Gh well, nice thought. I can wait.
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>Europe's raised interest rates upswing? >>



    i think most of that has been factored in.

    and there's still some uncertainty about what's happening on Capitol Hill.

  • pitbosspitboss Posts: 8,643 ✭✭✭


    << <i>

    << <i>Europe's raised interest rates upswing? >>



    i think most of that has been factored in.

    and there's still some uncertainty about what's happening on Capitol Hill. >>



    Ya really think there is some uncertainty on capitol hill. Surely you jest!
  • a watched pot never boils
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>

    << <i>Europe's raised interest rates upswing? >>



    i think most of that has been factored in.

    and there's still some uncertainty about what's happening on Capitol Hill. >>



    Uncertainty! Cutting 33 billion outta 1.4 trillion! Oops, I stumped my toe let's shut down Washingtonimage
    Avid collector of GSA's.
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    "and there's still some uncertainty about what's happening on Capitol Hill."

    Donald Trump is going to run for President and he was trashing Obama this morning.
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