Look for silver to go lower this week.
AcesCracked
Posts: 189 ✭✭
Just got an email from APMEX with silver 1 oz rounds for 79 cents over spot. It seems like they always know something's coming.....
Amazing
Tom
Amazing
Tom
0
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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
<< <i>Just got an email from APMEX with silver 1 oz rounds for 79 cents over spot. It seems like they always know something's coming.....
Amazing
Tom >>
Did you get this too?
SHUCH A DEAL, LOLOL!!
Nothing like overpaying $50 a roll.
But are we getting ready to run out of hands?????
I am trying to buy several rolls of ASE's to fill in the year gaps I need and it just still kills me to see the 500 dollar plus wanted for these older rolls. Folks it still silver and last time I looked silver was 19+ so how are they getting 25+ each........
Keep stacking
Tom
<< <i>I'd like to pick up a couple ounces of gold, but not at current prices. >>
I bet you're waiting for $1500
<< <i>
<< <i>I'd like to pick up a couple ounces of gold, but not at current prices. >>
I bet you're waiting for $1500
That's dumping territory.
"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
The precedent is they haven't with any duration as prices have plunged already ...
Edit to add, strong hands have absolutely nothing to do with premium, as stated, the market is awash in silver, and will continue to be,
I would expect premium to rise in a fast rising market which, most may not ever see, or for awhile at least...
<< <i>Just got an email from APMEX with silver 1 oz rounds for 79 cents over spot. It seems like they always know something's coming.....
Amazing
Tom[/q
Assuming that they are well hedged and have no need to sell. Just another promotion.
<< <i>I'll say premiums wont rise, there is more silver than sand out there now...
The precedent is they haven't with any duration as prices have plunged already ...
Edit to add, strong hands have absolutely nothing to do with premium, as stated, the market is awash in silver, and will continue to be,
I would expect premium to rise in a fast rising market which, most may not ever see, or for awhile at least... >>
Strong hands have everything to do with premium.
"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>
<< <i>I'll say premiums wont rise, there is more silver than sand out there now...
The precedent is they haven't with any duration as prices have plunged already ...
Edit to add, strong hands have absolutely nothing to do with premium, as stated, the market is awash in silver, and will continue to be,
I would expect premium to rise in a fast rising market which, most may not ever see, or for awhile at least... >>
Strong hands have everything to do with premium. >>
Strong hands have nothing to do with premium...
Don't know who u trying to fool besides yourself...
they were strong hands cause they didn't sell any at $39,$40,$41,$43,$44,$45,$46,$47,$48,$49,$50... So instead of securing a huge profit, their strong hands has them revaluing there position at sub $20... Do people actually read what they post???...
<< <i>Also someone posted here that they sold a 1/2 bag of silver at 35?38? Faintly remember... they were strong hands cause they didn't sell any at $39,$40,$41,$43,$44,$45,$46,$47,$48,$49,$50... So instead of securing a huge profit, their strong hands has them revaluing there position at sub $20 >>
strong hands can quickly become weak hands in a declining market. It is one of the reasons why prices decline further.
Retail 101: Premium is nothing more than markup. Pay more markup to a seller with a tigher grip on the product. Seller eager to unload product will price it at less markup. That is the difference between strong hands and weak hands. Class dismissed.
"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>
<< <i>Also someone posted here that they sold a 1/2 bag of silver at 35?38? Faintly remember... they were strong hands cause they didn't sell any at $39,$40,$41,$43,$44,$45,$46,$47,$48,$49,$50... So instead of securing a huge profit, their strong hands has them revaluing there position at sub $20 >>
strong hands can quickly become weak hands in a declining market. It is one of the reasons why prices decline further.
Retail 101: Premium is nothing more than markup. Pay more markup to a seller with a tigher grip on the product. Seller eager to unload product will price it at less markup. That is the difference between strong hands and weak hands. Class dismissed. >>
Makin money 101: never pay more to anyone...
"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
Its actually very psychological. The more silver falls, the greater the denial and disbelief in the followers. The more it drops, the more they want. Very interesting investor behavior as with other asset classes such as equities or real estate, the buyers shy away as price falls. Last time I saw similar behavior was during the tech bubble crash.
Since the peak was relatively recent and violent, the bull market is still alive in their minds. The internet has enabled the gospel to be much more widespread than in 2001. (Mis)information is easily attained and dispersed. I expect premiums to continue for quite some time, but im not paying them. Now is the time for the bullion dealers to earn their share. I see it no differently than a bank charging 22% on a credit card. If people are willing to pay it, then charge it to them.
To the OP, hopefully we are entering the final capitulation stages, so that buyers today can have a slightly better return than on bank CD's in the coming years, but not if one pays 30% premiums for "piece of mind". That, imo, is a pretty hefty price.
Knowledge is the enemy of fear
What don't they see? It's done, over with. Silver had its twice in a lifetime run already. I've said this before here but I forget exactly what age I put on it, so I'll revise what I said.
There is no one alive that is over 50 that will see $50 silver again. But yet folks still "believe", I guess they have to have a dream because they think about it so much. Sure, I'd like to see it have another run, but if it hasn't happened by now it's not going to. Things would have to get so bad to cause it that if it did you wouldn't be able to enjoy the benefit of it, you'd be more worred about just staying alive.
this was the fantasy when it $40+. to return to this range so you could stack 2-fisted.
I love it.
Loves me some shiny!
edit to add gainesville for silver eagles, now sold out!!!!!!!!!!!!!!!!!!!!! but 100 oz jm bars +.59 !!!!!!!!!!!!!!!!!!!!!!!!!!!............................
and .69 cent over for buffalo ntr rounds at provident...
Knowledge is the enemy of fear
<< <i>Sure, I'd like to see it have another run, but if it hasn't happened by now it's not going to. >>
Sure it will, once all that cash on the sideline sees asset prices reverse. Won't happen overnight. Silver will rebound as fast as it debounded, probably much faster. The bottom is not yet in but it's nearby.
"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
Liberty: Parent of Science & Industry
That's an odd thing to say
Followers, LOL. I crack up when people who are known to dislike me for whatever reason they may have, then follow me on eBay, social media, etc.. It's verification that I'm deep in their head and they can't stop thinking about me or what I may have said. When all the while, I'm being just in my actions and words. Again...see sig. line.