Somebody want to sell framed prints....
CaptHenway
Posts: 32,118 ✭✭✭✭✭
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.
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This is just nervous nellys taking profits. A smackdown would be 35 by next Monday.
I sure hope those guys I saw Saturday laying out a lot of money for whatever silver was left in shops have a strong stomach and a secure marriage this morning.
I've spent a few hours buying about $500 of silver collectable coins for about 10% below spot on average. Thats when it was at 48-49. When it fell off a cliff, I started getting nervous, even though I got about 5kg of silver bullion and at least another few kilograms of silver coins in my collection (most bought several years ago). It's amazing how emotions defy logic, my collection has gone up hundreds of dollars in the past few weeks yet i'm worry I overpaid by 50 bucks tonight because silver dropped immediately afterwards
"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
<< <i>derryb be ever watchful and nimble!! >>
Always. Up over 400% on the IRAs with silver and mining stocks. Have a bit of breathing room. Most of the gains have been with holding AGQ (most analysts recommend trading in and out on a daily basis but IRA settled funds requirements won't allow that). Greater chance for continued gains than loosing all that has been gained. I gotta go with the odds. Besides, I can get out with the push of a couple of buttons.
"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
It will have to get below $10.00 an Ounce
And probably then I will just look at it as an
opportunity to buy more, given the current
state of affairs around the world
<< <i>...of this chart?
rollercoaster >>
"CLEANUP ON AISLE SILVER!!!!"