What up Silver?!? What's got you down, bro? Wanna talk about it?
Baley
Posts: 22,660 ✭✭✭✭✭
you seem sad today, what's bothering ya, man?
Liberty: Parent of Science & Industry
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I knew it would happen.
Could have dropped lower. Looks like I'll only get one monster box of ASEs for my four boxes of five sets that cost me $6K. Is that a fair trade off?
"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>Little sad.
Could have dropped lower. Looks like I'll only get one monster box of ASEs for my four boxes of five sets that cost me $6K. Is that a fair trade off? >>
I'd say that's a pretty good ounce per ounce trade!
I'm not quite going to back the truck up, did that the last time it dipped to $30. Have been getting some powder ready though just in case.
In God We Trust.... all others pay in Gold and Silver!
<< <i>Little sad.
Could have dropped lower. Looks like I'll only get one monster box of ASEs for my four boxes of five sets that cost me $6K. Is that a fair trade off? >>
Trading 100 oz for 500 oz......not bad at all.
Will have to watch over coming weeks as the 150dma crosses below the 200dma and then all 3 major averages are downward sloping.
Knowledge is the enemy of fear
<< <i>I discussed this in the trading thread a week ago. It was right up against the downward sloping 50dma. It touch the line 6 times in 7 sessions. There just were not enough buyers to push it thru and down she went.
Will have to watch over coming weeks as the 150dma crosses below the 200dma and then all 3 major averages are downward sloping. >>
Please translate to stacker terms, we only know three trading words - buy, sell and hold.
"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
okay, okay - I'll talk about it. This is the kind of market that I like for government bullion premium issues, like the 25th Anniversary Sets, or the ATBs. That is to say, I like them at the Mint's issue prices, whatever that may be.
The collector interest - whether imaginary or real - for these issues provides "cover" if the silver market keeps falling or stays weak. At the same time, it still allows for some accumulation, steady as she goes.
My longterm stash is strictly generic bullion, but my accumulation targets are all of the currently-available Gov't collector bullion at 35% over melt or so. Most of the time, I eventually sell them out a few years later at some nice profits, even if I don't bother to sell at the speculative top.
I'm just sayin'.
I knew it would happen.
you stuck in a rut, silver?
Liberty: Parent of Science & Industry
<< <i>I discussed this in the trading thread a week ago. It was right up against the downward sloping 50dma. It touch the line 6 times in 7 sessions. There just were not enough buyers to push it thru and down she went.
Will have to watch over coming weeks as the 150dma crosses below the 200dma and then all 3 major averages are downward sloping. >>
Is there a particular support level your looking at over the next few days/weeks?
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Travelog - 20in20travels.com
<< <i>Silver, baby, since you had that high fever back in April, and that bad cold in September, you been looking kinda weak
you stuck in a rut, silver? >>
The price of Silver is going to plummet once the government balances the budget and eliminates the debt!!!
It appears (to me, at least) that for the past 5 years, silver has been stuck in a rut much, much less than it was stuck in a rut the prior 5 years. Yes? No?
I knew it would happen.
Like that will ever happen.
<< <i>Expect I'll be feeling a lot lower when the boys on the hill finally cut the budget by a few trillion.
Like that will ever happen. >>
Agreed. Im guessing this is just going to be adding to the fodder for the next round of elections. That way they can continue to blame the other side...
BSTs with: Coll3ctor, gsa1fan, mkman123, ajbauman, tydye, piecesofme, pursuitofliberty
Travelog - 20in20travels.com
<< <i>
<< <i>I discussed this in the trading thread a week ago. It was right up against the downward sloping 50dma. It touch the line 6 times in 7 sessions. There just were not enough buyers to push it thru and down she went.
Will have to watch over coming weeks as the 150dma crosses below the 200dma and then all 3 major averages are downward sloping. >>
Is there a particular support level your looking at over the next few days/weeks? >>
Silver is too volatile to speculate on a support number in the next few days/weeks. Maybe the Sept lows? Greatest support is in the 15-20 range.
Knowledge is the enemy of fear
That sucks brother, keep your chin up, things will come around!
Box of 20
Silver gonna be Red in 2011?
Liberty: Parent of Science & Industry
It does look like it. Come'on Baley, tell us what your really think!
I knew it would happen.
<< <i>Well, your chance at $25 silver is coming up!
Silver gonna be Red in 2011? >>
All the metals are hurting.
The name is LEE!