Silver up another dollar

Ed62

DorkGirl

anoldgoat

The fall is gonna be hard. The question is when.

ianrussell

It's going to be a busy week ahead... especially with Central States.

- Ian

notwilight

<< <i>The fall is gonna be hard. The question is when. >>



Yep, one of these days silver will correct $5 back to $52 an ounce and the people who have been saying it was overpriced since $20 will say, "See, told ya so." --jerry

DUIGUY

<< <i>

<< <i>The fall is gonna be hard. The question is when. >>



Yep, one of these days silver will correct $5 back to $52 an ounce and the people who have been saying it was overpriced since $20 will say, "See, told ya so." --jerry >>

OnlyGoldIsMoney

<< <i>The fall is gonna be hard. The question is when. >>



Those who only start buying at $50 might see some unpleasant corrections. Others that started stacking in 2009 may have to content themselves with merely doubling their money.

PerryHall

<< <i>The fall is gonna be hard. The question is when. >>



Are you talking about silver or the dollar?

RedHerring

Get you silver under $50 while you can! When it's at $100 next year everybody will think $47 silver was dirt cheap!

morgansforever

Awesome just picked up 16 2002 WestPoint commems, about 10 minutes ago, with all the ogp.

roadrunner

Yeah, the same people that were bad-mouthing silver at $6, and $10, then $15, and $20, etc, etc. .....will continue to do so until they finally get their call "right."

The correction won't last too long though. $50 silver will seem cheap by end the year or in early 2012.

roadrunner

jmski52

I fully expect to see a day when silver falls $5.00 in one day ---------------- from $85.00 down to $80.00.

holeinone1972

UUUGGHHH I am soooooooooooooo sick.


Sold good, but not good enough.

CaptHenway

+$1

canadanz

It's crazy. I can't buy silver fast enough to keep my average purchase price down. Ugh.

keyman64

Last year and this year were clearly the years to be 'investing' in schlock and widgets made of silver!

OnlyGoldIsMoney

I have been piling it on since October 2010. Waiting for the dip is not a reliable strategy anymore.

AnkurJ

Still going....over $48 now.

BigE

I dont know why, I have a lot of silver, but these price increases actually make me sort of nervous-------BigE

cladking

<< <i>I dont know why, I have a lot of silver, but these price increases actually make me sort of nervous-------BigE >>




I don't like it either but it's starting to play out as expected. I guess what I
don't like about it is that it's going to make a mess. A lot of shenanigans are
going to be exposed among some very powerful people.

It seems gold is responding in sympathy largely because of the destabilizing
effect of silver increasing.

BigE

The dollar is actually up about .20 over what it was earlier this evening, and still the big increase!----------BigE

canadanz

$48.50 now. This is starting to get really crazy. I don't mind a run up on, but $1.85 / 4% in a couple of hours since trading opened? Makes me nervous.

RedHerring

Gather around guys and gals. We are witness to a runaway freight train with another gear to go. The silver express has left the station!

BigE

49.00-I think----------------BigE

Kaelasdad

49.17, up over 2 bucks....wow

cladking

It's a few cents a minute now.

CaptHenway

Kitco is showing a high of $49.85.

OnlyGoldIsMoney

Panic buying. Something I have never seen before. Silver is getting its day in the sun.

robkool

It won't be soon till we see the $50 threshold mark...

questor54

<< <i>Last year and this year were clearly the years to be 'investing' in schlock and widgets made of silver! >>



Thank you.

PerryHall

Now up $2.50 at $49.11.

BAJJERFAN

<< <i>Panic buying. Something I have never seen before. Silver is getting its day in the sun. >>



Who is panic buying that could affect the world price of silver?

CaptHenway

<< <i>

<< <i>Panic buying. Something I have never seen before. Silver is getting its day in the sun. >>



Who is panic buying that could affect the world price of silver? >>



Somebody trying to cover their shorts?

boucharda

<< <i>

<< <i>

<< <i>Panic buying. Something I have never seen before. Silver is getting its day in the sun. >>



Who is panic buying that could affect the world price of silver? >>



Somebody trying to cover their shorts? >>



...or someone doing something in their shorts

TwoSides2aCoin

This makes me want to go fly a kite.

InternetJunky

This has got to stop so I stop feeling so bad for selling almost all of my silver @ $29/ounce

Where's that bubble that is supposed to be popping soon that everyone is talkin' about?

greghansen

I'm selling 5% of my remaining holdings every $5 up, and have been since it crossed $30. Have made 4 sales so far ($30, $35, $40 & $45). Looks like another sale @ $50 may be close by. So far, my first sale has been my worst sale...and that's the way I like it!

Bankerbob56

<< <i>I'm selling 5% of my remaining holdings every $5 up, and have been since it crossed $30. Have made 4 sales so far ($30, $35, $40 & $45). Looks like another sale @ $50 may be close by. So far, my first sale has been my worst sale...and that's the way I like it! >>



So what are all of you "sellers" plan to do with your fiat currency known as the US$? When the Federal Reserve begins raising rates to stem inflation you may wish you had your gold and silver back in your pockets!

19Lyds

<< <i>I dont know why, I have a lot of silver, but these price increases actually make me sort of nervous-------BigE >>

Me too!

My concern is that the cost of searching raw coins has now gone through the roof! It's not just about silver anymore, it's about everyday collecting unless your into modern zincolns, nickels and post 65 dimes, quarters and halfs.

Even the lowly 40% Silver Ike Business Strikes and Proofs are gonna be tough to randomly search unless you're willing to invest hundreds of dollars into the venture.

Not only that, but what IF, the melt bucket is real?

MsMorrisine

about $3 intraday haircut in 15 minutes or less.


wild ride.


great time for shorts to hit hard. it ought to really shake the longs to lose out from $3 up to a only a couple of dimes up.

LVGT

Volumes are enormous.

ModCrewman

IMHO the real test will be to see if it can push through the $50 barrier when we get there...the first attempt today doesn't look too promising...the question is how many sellers are out there at $49.XX.

OnlyGoldIsMoney

<< <i>about $3 intraday haircut in 15 minutes or less.


wild ride.


great time for shorts to hit hard. it ought to really shake the longs to lose out from $3 up to a only a couple of dimes up. >>



I sold my SLV ETF shares at market open. Glad I did. Rinse and repeat.

keyman64

Lot of selling pressure as silver was closing in on 50. Now it is down .48. It will get probably get to 50(not today) but there is a lot of selling pressure the closer it gets.

scottgardener

It has gotten so crazy that for going to coin shows, I am now saving up silver rather than money. I buy silver each week, with the idea of cashing in shortly before the show. I just hope I don't get smacked with a big correction right before the big show in July, happening in, fittingly enough, Las Vegas.

MsMorrisine

$46 silver... gone

$1500 gold... gone


will they return?

when?

AUandAG

I'm buying on Wednesday. Stacking up!

bob

MsMorrisine

$45 silver gone.


down over $2


this may be an initiated shake out, or it may be valid profit tanking.


We'll see.


I wish I had hedged a little yesterday.