Silver market very boring today. Just kind of holding on. There is going to be tons of it going out to buyers of the ATB coins by the end of the month. Are you a buyer of these 5 ounce beauties?
<< <i>Silver market very boring today. Just kind of holding on. There is going to be tons of it going out to buyers of the ATB coins by the end of the month. Are you a buyer of these 5 ounce beauties? >>
Not at the price the Mint is going to charge ... I'll pass & stick with the ASE's
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>According to that article in the mints blog they are talking about $9.75 over their cost. >>
That was the price for the 2010 bullion ones. The Mint's collectors version, my guess, 30% - 40% above spot. Beginning with the 2011 bullion releases, the AP's will no longer be restricted to the $9.75 over spot.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Take a look at the dollar and the dollar index. Looks like the foreign investors don't think we can avoid the shutdown tomorrow.
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.
As of 12:25 am silver hasn't touched $40.00 on any of my feeds. Close though. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
KITCO is showing an overnight market high of $40.00 even.
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.
<< <i>KITCO is showing an overnight market high of $40.00 even. >>
Kitco highs are usually the middle of the bid and ask............The feeds I use are always late trade. Regardless, silver is sizzling and $40 was sliced through like it was never even there. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Seen from $3.63-$3.74 in Baltimore today. I am paying $500 yearly more in gas than last year. I expect a drop in consumer spending. Good bye recovery. Congress did try to stop the speculation in the oil markets.Oil Speculation
Unfortunately, the rules have not been written yet. Big mistake.
They haven't been written largely because of the pushback that the CFTC has received from the traders that make massive profits from the financial oil markets and the advocacy groups and lawyers that represent them. As the CFTC has proposed new rules, they've been met by a who's who of derivative traders and their advocates arguing for the status quo and urging caution, including PIMCO, BlackRock, Goldman Sachs, JPMorgan, the Futures Industry Association (FIA) and the Securities Industry and Financial Markets Association (SIFMA) -- to name only a few. The lawyers arguing their case are predictably the best, brightest and most expensive in Washington, including attorneys from Alston & Bird, Gibson, Dunn & Crutcher, Patton Boggs, Sullivan, Cromwell and Skadden, Arps.
Under this pressure, the CFTC has buckled and thrown in the towel on much of the needed rulemaking, at least for now. To take one example, the Commission has given up trying to craft a rule on position limits in oil derivatives until at least 2012, and position limits is only one of thirty complex rulemaking areas the CFTC has acknowledged it must tackle before its mandate is complete.
I see $150 Barrel of Oil by the end of the year.
Silver may take a hit also
But it's important to remember that chasing destructive speculative activity out of a commodity market is not an impossible task. In January 1980, the Federal government and the exchange overseeing silver futures trading, the COMEX, took collaborative action: In a series of draconian but necessary measures, the exchange instituted a "liquidation-only" restriction for the market, forcing speculators to either take delivery of contracts or find massive credit for their holdings while the Federal Reserve blocked commercial lenders from extending that credit. The impact was immediate: Within three months, prices dropped 77%.
The example of silver in 1980 shows that the tools are available and that only with the combined will of the industry and our government can we restore fair prices to commodities. Whether we see such will in action to help lessen oil prices for consumers, however, remains to be seen.
<< <i>Seen from $3.63-$3.74 in Baltimore today. I am paying $500 yearly more in gas than last year. I expect a drop in consumer spending. Good buy recovery. Congress did try to stop the speculation in the oil >>
Gas is steadily climbing here in Canada too.
I sold some silver coin the other day and made an $800 'extra' profit due to the recent run-up.
I'm allocating this $800 for my yearly gas fill-ups.
Once a week fill-up (for a year) divided into $800 = an extra $15 per fill-up.
I use this weekly $15 'silver' money for my gas expenses.
Now my $50 regular fill-up is only costing me an out-of-pocket $35 expense.
Thanks Silver!!!...Gas now is getting cheap!!
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
I keeps bouncing around just under $40.50. Something needs give it a little push to get the wheels a rolling again. Bust over $40.50 and we just might see $41.00 or beyond fro the close.
<< <i>Seen from $3.63-$3.74 in Baltimore today. I am paying $500 yearly more in gas than last year. I expect a drop in consumer spending. Good buy recovery. Congress did try to stop the speculation in the oil >>
Gas is steadily climbing here in Canada too.
I sold some silver coin the other day and made an $800 'extra' profit due to the recent run-up.
I'm allocating this $800 for my yearly gas fill-ups.
Once a week fill-up (for a year) divided into $800 = an extra $15 per fill-up.
I use this weekly $15 'silver' money for my gas expenses.
Now my $50 regular fill-up is only costing me an out-of-pocket $35 expense.
Thanks Silver!!!...Gas now is getting cheap!! >>
I wish the weather would warm up here so I can stop driving my V10 1-ton and start riding my DRZ-400. 10MPG vs 70+MPG Where is that global warming when you need it!!
<< <i>I went against my rule of buying when its going up, and bought 20 ozs today. Half of that was purchased for now under melt! >>
Yeh, I said I wasn't going to buy any after it hit $40 but ended up buying some 90% way below melt and some rolls of Eagles at a buck over melt. So, here's for $45 next week and maybe $50 by the 26th (if only I could see the ney-sayer's faces).
<< <i>I went against my rule of buying when its going up, and bought 20 ozs today. Half of that was purchased for now under melt! >>
Yeh, I said I wasn't going to buy any after it hit $40 but ended up buying some 90% way below melt and some rolls of Eagles at a buck over melt. So, here's for $45 next week and maybe $50 by the 26th (if only I could see the ney-sayer's faces). >>
The nay-sayer's are just guessing like we are. Sometimes your right ,sometimes not.
<< <i>Unfortunetly I think the US is going to feel some pain this time. The government simply cannot keep borrowing, printing and spending money like this. >>
Actually, I think it is more like this:
The government simply cannot keep borrowing, printing and spending money like this. Because they are, I unfortunetly think the US is going to feel some pain this time.
<< <i>Are we in for a big correction this afternoon when Asian markets open?
I don't think so. What happened in congress Friday night will not convince the world of anything.
What do you think? >>
I think that I don't know........
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.
Like I have said before, there may be a little pullback due to profit taking but what is put on the table for sale will be gobbled up in short order and then it will start going up. Of course, the last time I said that it was green all day. So, what do I know!
I know I have given away a lot of eagles in the past few weeks in the $40 to $45 dollar range but no more. If someone wants to buy from me they are going to pay what I want, No more 99 cent starting prices for me. Either take it or leave it.
<< <i>I know I have given away a lot of eagles in the past few weeks in the $40 to $45 dollar range but no more. If someone wants to buy from me they are going to pay what I want, No more 99 cent starting prices for me. Either take it or leave it. >>
It might be wise to reconsider this thought process after Monday's close
it could be a good indicator as to which way the market just might move.
I'm thinking big down in the morning hours with a slight up by close, mid day might show it at $36.50ish, close at 39ish
Comments
<< <i>"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. >>
exactly!!!
Silver market very boring today. Just kind of holding on. There is going to be tons of it going out to buyers of the ATB coins by the end of the month. Are you a buyer of these 5 ounce beauties?
<< <i>Silver market very boring today. Just kind of holding on. There is going to be tons of it going out to buyers of the ATB coins by the end of the month. Are you a buyer of these 5 ounce beauties? >>
Not at the price the Mint is going to charge ... I'll pass & stick with the ASE's
According to that article in the mints blog they are talking about $9.75 over their cost.
I knew it would happen.
<< <i>According to that article in the mints blog they are talking about $9.75 over their cost. >>
That was the price for the 2010 bullion ones. The Mint's collectors version, my guess, 30% - 40% above spot. Beginning with the 2011 bullion releases, the AP's will no longer be restricted to the $9.75 over spot.
We may have $40 before the market opens over here!!!
..........tonight's the nite I believe.....oh, and silver will break $40 also
How fast do we go up from here?
Looks like the foreign investors don't think we can avoid the shutdown tomorrow.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
<< <i>$40.27! 3:10 AM >>
Roger that! 4:51 CST and holding at same price.
<< <i>
<< <i>$40.27! 3:10 AM >>
Roger that! 4:51 CST and holding at same price. >>
slight correction since then
holding at 4.15 @ 6:08 EST
a wild ride up today
I think close will be at 41
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
7:21am NYTime...
GOLD 04/08/2011 07:14 1472.10 1473.10 +13.70
+0.94%
SILVER 04/08/2011 07:14 40.26 40.28 +0.62
+1.56%
PLATINUM
04/08/2011 07:12 1808.00 1816.00 +28.00
+1.57%
PALLADIUM 04/08/2011 07:11 792.00 799.00 +18.00
+2.33%
Wow!
<< <i>KITCO is showing an overnight market high of $40.00 even. >>
Kitco highs are usually the middle of the bid and ask............The feeds I use are always late trade. Regardless, silver is sizzling and $40 was sliced through like it was never even there. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
Ok NY is open, are the flood gates open?
$4.30 for the good stuff, $3.99 for the shat stuff, but the national average is $3.49, not here.
Unfortunately, the rules have not been written yet. Big mistake.
They haven't been written largely because of the pushback that the CFTC has received from the traders that make massive profits from the financial oil markets and the advocacy groups and lawyers that represent them. As the CFTC has proposed new rules, they've been met by a who's who of derivative traders and their advocates arguing for the status quo and urging caution, including PIMCO, BlackRock, Goldman Sachs, JPMorgan, the Futures Industry Association (FIA) and the Securities Industry and Financial Markets Association (SIFMA) -- to name only a few. The lawyers arguing their case are predictably the best, brightest and most expensive in Washington, including attorneys from Alston & Bird, Gibson, Dunn & Crutcher, Patton Boggs, Sullivan, Cromwell and Skadden, Arps.
Under this pressure, the CFTC has buckled and thrown in the towel on much of the needed rulemaking, at least for now. To take one example, the Commission has given up trying to craft a rule on position limits in oil derivatives until at least 2012, and position limits is only one of thirty complex rulemaking areas the CFTC has acknowledged it must tackle before its mandate is complete.
I see $150 Barrel of Oil by the end of the year.
Silver may take a hit also
But it's important to remember that chasing destructive speculative activity out of a commodity market is not an impossible task. In January 1980, the Federal government and the exchange overseeing silver futures trading, the COMEX, took collaborative action: In a series of draconian but necessary measures, the exchange instituted a "liquidation-only" restriction for the market, forcing speculators to either take delivery of contracts or find massive credit for their holdings while the Federal Reserve blocked commercial lenders from extending that credit. The impact was immediate: Within three months, prices dropped 77%.
The example of silver in 1980 shows that the tools are available and that only with the combined will of the industry and our government can we restore fair prices to commodities. Whether we see such will in action to help lessen oil prices for consumers, however, remains to be seen.
Box of 20
Could very well hit $41 today , it certainly smoked $40.
<< <i>Seen from $3.63-$3.74 in Baltimore today. I am paying $500 yearly more in gas than last year. I expect a drop in consumer spending. Good buy recovery. Congress did try to stop the speculation in the oil >>
Gas is steadily climbing here in Canada too.
I sold some silver coin the other day and made an $800 'extra' profit due to the recent run-up.
I'm allocating this $800 for my yearly gas fill-ups.
Once a week fill-up (for a year) divided into $800 = an extra $15 per fill-up.
I use this weekly $15 'silver' money for my gas expenses.
Now my $50 regular fill-up is only costing me an out-of-pocket $35 expense.
Thanks Silver!!!...Gas now is getting cheap!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>
<< <i>Seen from $3.63-$3.74 in Baltimore today. I am paying $500 yearly more in gas than last year. I expect a drop in consumer spending. Good buy recovery. Congress did try to stop the speculation in the oil >>
Gas is steadily climbing here in Canada too.
I sold some silver coin the other day and made an $800 'extra' profit due to the recent run-up.
I'm allocating this $800 for my yearly gas fill-ups.
Once a week fill-up (for a year) divided into $800 = an extra $15 per fill-up.
I use this weekly $15 'silver' money for my gas expenses.
Now my $50 regular fill-up is only costing me an out-of-pocket $35 expense.
Thanks Silver!!!...Gas now is getting cheap!! >>
I wish the weather would warm up here so I can stop driving my V10 1-ton and start riding my DRZ-400. 10MPG vs 70+MPG
Proud recipient of two "You Suck" awards
silver. Are people going to continue to buy as the prices keep going higher?
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
That's the way to do it. Should be a winner in the long run.
<< <i>I went against my rule of buying when its going up, and bought 20 ozs today. Half of that was purchased for now under melt!
Yeh, I said I wasn't going to buy any after it hit $40 but ended up buying some 90% way below melt and some rolls of Eagles at a buck over melt. So, here's for $45 next week and maybe $50 by the 26th (if only I could see the ney-sayer's faces).
<< <i>
<< <i>I went against my rule of buying when its going up, and bought 20 ozs today. Half of that was purchased for now under melt!
Yeh, I said I wasn't going to buy any after it hit $40 but ended up buying some 90% way below melt and some rolls of Eagles at a buck over melt. So, here's for $45 next week and maybe $50 by the 26th (if only I could see the ney-sayer's faces). >>
The nay-sayer's are just guessing like we are. Sometimes your right ,sometimes not.
If silver can go up this high this fast, what about other items.
Gas, bread, corn, etc.
Silver and other commodities that have increased so fast are a red light indicating there is going to be trouble ahead.
Unfortunetly I think the US is going to feel some pain this time.
The government simply cannot keep borrowing, printing and spending money like this.
<< <i>Unfortunetly I think the US is going to feel some pain this time.
The government simply cannot keep borrowing, printing and spending money like this. >>
Actually, I think it is more like this:
The government simply cannot keep borrowing, printing and spending money like this. Because they are, I unfortunetly think the US is going to feel some pain this time.
Ireland...Greece...now Portugal.
Next up with the begging bowls: Italy, then Spain...followed by Belgium. And, yes, Japan is toast too!
I don't think so. What happened in congress Friday night will not convince the world of anything.
What do you think?
"The Show Bizness Kids, making movies of themselves - you know they don't give a **** about anybody else......."
I knew it would happen.
<< <i>Are we in for a big correction this afternoon when Asian markets open?
I don't think so. What happened in congress Friday night will not convince the world of anything.
What do you think? >>
I think that I don't know........
If you don't know, then you are in the same boat as we are.
I know I have given away a lot of eagles in the past few weeks in the $40 to $45 dollar range but no more. If someone wants to buy from me they are going to pay what I want, No more 99 cent starting prices for me. Either take it or leave it.
<< <i>I know I have given away a lot of eagles in the past few weeks in the $40 to $45 dollar range but no more. If someone wants to buy from me they are going to pay what I want, No more 99 cent starting prices for me. Either take it or leave it. >>
It might be wise to reconsider this thought process after Monday's close
it could be a good indicator as to which way the market just might move.
I'm thinking big down in the morning hours with a slight up by close, mid day might show it at $36.50ish, close at 39ish