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Fair warning - watch for silver to drop monday

tydyetydye Posts: 3,894 ✭✭✭
in Precious Metals
Bought some silver today. Immediately after my last two purchases silver plummeted. I purchased a bag of walkers this past wednesday morning and within 2 hours silver was down $4-5. Prior to that on May 1st I purchased some silver bars and we all know what happened the week that followed.

Comments

  • DorkGirlDorkGirl Posts: 9,994 ✭✭✭
    image
    Becky
  • goingbrokegoingbroke Posts: 1,410
    image
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Thanks, man. I was going to order some Gettysburg and Glacier Pucks, but I guess I should wait a few days.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Please let us know when you start selling. 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......
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Please let us know when you start selling. MJ

    If it works, he could almost start asking for an advisory fee.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>Please let us know when you start selling. MJ >>



    image

    That is what I was thinking.
  • PerryHallPerryHall Posts: 46,112 ✭✭✭✭✭
    Now that you've predicted it to drop, it's bound to rise just to prove you wrong. image

    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

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,359 ✭✭✭✭✭
    All I need now is the precise timing of that dip. A bit of SLV ETF day trading profit would be nice.
    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
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    disagree, it's going up. I bought ZSL on Friday.

    "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

  • KUCHKUCH Posts: 1,186
    J.Sinclair, M.Armstrong, and Forum Friends are the source of my PM investment strategy. Thanks to all.

    I read, listen and alter the moves as needed. it's been said "it's over for silver and we're in a dead cat bounce", or " we want a LOW June 13/14 to keep this bull market on track, and "gold will trade at $1764 or higher."

    Therefore short term, we could see more downside, but long term it's still going up. I took 1/3rd of my silver stack yesterday and went to the B&M and traded it for gold. So, I really didn't lower my PM investment, I just allocated alittle differently.

    Now the GSR is 9:1 by value. image I just like the yellow metal.
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I took 1/3rd of my silver stack yesterday and went to the B&M and traded it for gold. So, I really didn't lower my PM investment, I just allocated alittle differently.

    Kuch, I've never done a swap like that at a B&M or anywhere else, but I am interested to know how much of a spread did you have to give up on both metals for the buy & sell?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • KUCHKUCH Posts: 1,186
    jmski52,

    I knew someone would ask, let me go get the calculator and as I governator once said, "I'll be back."image
  • KUCHKUCH Posts: 1,186
    By my calculations, I was offered $34.60/oz for the silver. It was all billion but in different weights. The gold traded for was $1,545/oz. I did pick up bullion, a Panda, and Maple in the gold, paid a premium there.

    Did I do good? image

  • SpoolySpooly Posts: 2,108 ✭✭✭
    So you're the ONE messing up the market! image


    image
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • KUCHKUCH Posts: 1,186
    image
  • bestmrbestmr Posts: 1,776 ✭✭✭
    LOL!! Looks like ur right atm! Down 51 cents
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Bought some silver today. Immediately after my last two purchases silver plummeted. I purchased a bag of walkers this past wednesday morning and within 2 hours silver was down $4-5. Prior to that on May 1st I purchased some silver bars and we all know what happened the week that followed. >>



    You ask for it .... now live with it & stop braggingimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • tydyetydye Posts: 3,894 ✭✭✭
    What did I tell you! This is almost as good as when i had some money left over after selling my last house. I put 45K in some 529s for my kids - guess the year
  • SpoolySpooly Posts: 2,108 ✭✭✭
    I knew someone on the board was doing it! I have been blaming jmski52 for the downturn! (evil grin)

    tydye.... you're off my Christmas Card list! image

    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • mikeygmikeyg Posts: 1,002 ✭





    Listen tydye I want to buy a truckload at around $27 an ounce so please buy more.image
  • goingbrokegoingbroke Posts: 1,410
    If this down trend keeps up we will soon have to pay people to take our silver off our hands! image
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    It's not wise to guestimate a bottom on a down ward trend. Better to sit back and relax and wait for the inevitable upward trend and then jump back in.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i> I took 1/3rd of my silver stack yesterday and went to the B&M and traded it for gold. So, I really didn't lower my PM investment, I just allocated alittle differently.

    Kuch, I've never done a swap like that at a B&M or anywhere else, but I am interested to know how much of a spread did you have to give up on both metals for the buy & sell? >>



    I did this very excercise back in April. I exchanged a stack of silver for gold. At the end of the day I gave up very little in the way in premium. Outside of one transaction I received spot (100 oz bars) and only had to pay a smaller premium for gold. In fairness that was when silver was at $41 and was still heading north. This was at a show. I believe Wingsrule did the very same thing that day. I work with some really good bullion guys so I think it helps. Dave Nazzaro being one of them. Can't think of anyone better. 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......
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭


    << <i>It's not wise to guestimate a bottom on a down ward trend. Better to sit back and relax and wait for the inevitable upward trend and then jump back in. >>



    image
  • tydyetydye Posts: 3,894 ✭✭✭
    I have been buying consistently since the late 90s. Not trying to guess the bottom it is just what I have always done with some of my extra dollars every paycheck. Anyway I see I am 3 for 3 now.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>I have been buying consistently since the late 90s. Not trying to guess the bottom it is just what I have always done with some of my extra dollars every paycheck. Anyway I see I am 3 for 3 now. >>



    This is what I love to hear. It gives me pm goosebumps. Well done, well done indeed..............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......
  • lightcyclerlightcycler Posts: 546 ✭


    << <i>Bought some silver today. Immediately after my last two purchases silver plummeted. I purchased a bag of walkers this past wednesday morning and within 2 hours silver was down $4-5. Prior to that on May 1st I purchased some silver bars and we all know what happened the week that followed. >>



    even a blind sow finds an acorn now and then image
  • guitarwesguitarwes Posts: 9,266 ✭✭✭

    I don't like buying cheap silver. I always wait 'till it goes up to buy.

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • MrBearMrBear Posts: 379 ✭✭✭
    After losing (twice) on AGQ, I liquidated my paper silver position, so that should help stabilize, or even raise the price.
    Occasionally successful coin collector.
  • fiveNdimefiveNdime Posts: 1,088 ✭✭
    did someone say, fair warning?

    we expect to be alerted BEFORE the next purchase! image



    << <i>Bought some silver today. Immediately after my last two purchases silver plummeted. >>


    if it was saturday, i would have bet you were the guy in the B&M, on his cell phone for 40 of my 45 min, whining & complaining that HE was the guy who lost the most $$. because he bought big on "silver friday"


    not really!!!
    this guy could not say anything serious (= coherant) regarding TPG and why in plastic(ASE) the silver has more potential value (nor could the clown he was talking to). but that was what he had to buy! but which one???
    the owners tried- 3 times. and he was rude to the owners, just short of blaming them for his investment choices.

    when i left, he was still jammering on the phone and still had not chosen anything...
    BST transactions: guitarwes; glmmcowan; coiny; nibanny; messydesk
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    Here is the really reason for the drop:

    Donald Trump Announces He Won’t Seek U.S. Presidential Nomination in 2012
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Bought some silver today. Immediately after my last two purchases silver plummeted. I purchased a bag of walkers this past wednesday morning and within 2 hours silver was down $4-5. Prior to that on May 1st I purchased some silver bars and we all know what happened the week that followed. >>



    Great call...down 4.8% for the day.image

    What ya gonna do for an encore?image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    Maybe he will sell!!!!!


    Yes, sell, that sound really good. Sell. Did you hear me, SELL!!!!
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Buy twice as much.

    "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

  • SpoolySpooly Posts: 2,108 ✭✭✭
    tydye do you work for JPM?
    image
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • pitbosspitboss Posts: 8,643 ✭✭✭

    Looks to be heading south again today on the day the release of the latest mint 5 ouncer and probably one of the most popular ones, Yellowstone.
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