Haven't read the book, but I did purchase 3 monster boxes of silver eagles in 2015 , for about the same as what someone on the boards sold one monster box of 500 bullion coins for, in 2011.
I believe silver is now in a position for a big retreat. Recent buying frenzy makes it currently over bought. But, I've been wrong many times before. (chart goes back to 2006)
"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
"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
Originally posted by: derryb I believe silver is now in a position for a big retreat. Recent buying frenzy makes it currently over bought. But, I've been wrong many times before. (chart goes back to 2006)
Funny. This chart doesn't seem to depict the alleged short selling in 2011 that "the Fed and it's owner banks" did to crush the hopes and dreams of so many anticipating a financial apocalypse.
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
Lots more shorts being played now than in years past.
After a brief study of Kitco historical charts, it appears that when longs overwhelm shorts and the divergence between longs vs. shorts is large, the market stabilizes.
That's how it looks to me, but I'm curious about the larger number of shorts being played nowadays.
Q: Are You Printing Money? Bernanke: Not Literally
Yesterday I traded a gold 2016 Mercury Dime for 2 tenth ounce Canadian Maple Leafs and a half ounce "monkey" coin. I need to get this silver monkey off my back.
I do my shopping at Giant Food & a loaf of bread - G.F. brand - has not changed in over 1 year... still 99 cents. However, all major brands have gone up during that time.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
What a great week for silver stackers who took advantage of the lower prices. Silver was at $16.20 when I started the thread and it ended this week at $17.92. That is a 10.62% gain in 11 days
For those of you who were buying silver eagle rolls on eBay or from Govmint at $339 a roll a few weeks ago they are now going for around $425 on average on eBay. That's a 25.37% increase in just a few short weeks. Even if you can still buy them for $410 a roll at Govmint, that's still a 20.94% increase.
Anyway you slice it, it has been a fun few weeks. Hopefully the momentum can last. I am now seeing lots of predictions of $20+ silver in the short term.
Let's hear some predictions for next week and beyond. Are you a bull or a bear?
Neither a Bull nor a Bear....however, Silver has gone up to quick, it needs to rest a while and build up some more steam. Gold on the other hand should break $1300 but only if the price of crude goes up and the dollar continues to slide.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
"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 2007 and 2008 W coins are screaming off eBay right now.
For what reason? $28 or $29 doesn't sound so hot with fees. I can't remember what I paid for mine or how many I have. I did buy a colorized silver eagle for $18 at a coin club auction the other night.
Try and buy one for $28 or $29 now. Buy it now's are in the $30 to $60 range for the 07's and $40 to $70 range for the 08's and silver is just starting to rise in price. These are not your bullion coins with no mint mark that were minted by the hundreds of millions of coins.
Try and buy one for $28 or $29 now. Buy it now's are in the $30 to $60 range for the 07's and $40 to $70 range for the 08's and silver is just starting to rise in price. These are not your bullion coins with no mint mark that were minted by the hundreds of millions of coins.
$29 isn't a great deal different from the low $30s, but $4 shipping doesn't help. There seems to be plenty of 07s in the low $30s.
What a great week for silver stackers who took advantage of the lower prices. Silver was at $16.20 when I started the thread and it ended this week at $17.92. That is a 10.62% gain in 11 days
For those of you who were buying silver eagle rolls on eBay or from Govmint at $339 a roll a few weeks ago they are now going for around $425 on average on eBay. That's a 25.37% increase in just a few short weeks. Even if you can still buy them for $410 a roll at Govmint, that's still a 20.94% increase.
Anyway you slice it, it has been a fun few weeks. Hopefully the momentum can last. I am now seeing lots of predictions of $20+ silver in the short term.
Let's hear some predictions for next week and beyond. Are you a bull or a bear?
Would $410 a roll here still be considered a good price?
Originally posted by: pitboss Try and buy one for $28 or $29 now. Buy it now's are in the $30 to $60 range for the 07's and $40 to $70 range for the 08's and silver is just starting to rise in price. These are not your bullion coins with no mint mark that were minted by the hundreds of millions of coins.
The last couple of true auctions for 2008-W went for around $30 including shipping. I think the "buy it now" prices reflect the periodic eBay Bucks promotions which reduce the buyers' costs by 8 to 10 percent.
You can not get e-bucks on bullion coins. on the 07's I see 16 bids $41, 16 bids $88 1 bid 39.88, 9 bids 45, 3 bids 28.75, 6 bids 34,15 bids 54.54 on the 08's 13 bids 78, 12 bids 71, 11 bids 48, 14 bids 42, 5 bids 41, 8 bids 56, 11 bids 50
So there is movement and it will be increasing as the price rises. You can still get some 07's in the $30 range and some 08's in the high $30's but the graded ones are $40 and up.
Originally posted by: hchcoin What a great week for silver stackers who took advantage of the lower prices. Silver was at $16.20 when I started the thread and it ended this week at $17.92. That is a 10.62% gain in 11 days
For those of you who were buying silver eagle rolls on eBay or from Govmint at $339 a roll a few weeks ago they are now going for around $425 on average on eBay. That's a 25.37% increase in just a few short weeks. Even if you can still buy them for $410 a roll at Govmint, that's still a 20.94% increase.
Anyway you slice it, it has been a fun few weeks. Hopefully the momentum can last. I am now seeing lots of predictions of $20+ silver in the short term.
Let's hear some predictions for next week and beyond. Are you a bull or a bear?
Would $410 a roll here still be considered a good price?
It's hard to pull the trigger at $410 when I was buying them a month ago at $339. The stacker in me says keep stacking but the penny pincher says wait and see. I will probably just keep spending the same budgeted amount each month regardless of the price
Originally posted by: hchcoin This is a tough crowd
maybe just realistic?
The move up is exciting, but most likely not permanent.
Don't get me wrong, I fully share your excitement.
NUGT is at $119.07 up almost 20% in 1 day on Friday's close. Did you get back in DerryB?
Yes, but only on a daily basis and IRA trading rules limit my accounts' ability to trade often.
"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
Originally posted by: pitboss You can not get e-bucks on bullion coins. on the 07's I see 16 bids $41, 16 bids $88 1 bid 39.88, 9 bids 45, 3 bids 28.75, 6 bids 34,15 bids 54.54 on the 08's 13 bids 78, 12 bids 71, 11 bids 48, 14 bids 42, 5 bids 41, 8 bids 56, 11 bids 50
So there is movement and it will be increasing as the price rises. You can still get some 07's in the $30 range and some 08's in the high $30's but the graded ones are $40 and up.
Well considering I cant get 390 a roll delivered I dont think so......
Positive BST Deals as a seller : Wondercoin, Chumlee, Jerster, Perry Hall , DMarks, MWK, drewsef, SoCalBigMark, Lakesammman, Nurmaler
You are talking a different animal. Bullion is not the same as the mint marked coins. It is just raw silver. Not that that is bad it's just different from coin collecting.
Originally posted by: pitboss You are talking a different animal. Bullion is not the same as the mint marked coins. It is just raw silver. Not that that is bad it's just different from coin collecting.
All American Eagles are bullion coins. Some, such as proofs and burnished mint marked carry higher premiums.
"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
Originally posted by: pitboss You are talking a different animal. Bullion is not the same as the mint marked coins. It is just raw silver. Not that that is bad it's just different from coin collecting.
All American Eagles are bullion coins. Some, such as proofs and burnished mint marked carry higher premiums.
10 4. "Monetized bullion currency."
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Originally posted by: pitboss You are talking a different animal. Bullion is not the same as the mint marked coins. It is just raw silver. Not that that is bad it's just different from coin collecting.
All American Eagles are bullion coins. Some, such as proofs and burnished mint marked carry higher premiums.
10 4. "Monetized bullion currency."
But, gold is not money.
"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
Originally posted by: pitboss You are talking a different animal. Bullion is not the same as the mint marked coins. It is just raw silver. Not that that is bad it's just different from coin collecting.
All American Eagles are bullion coins. Some, such as proofs and burnished mint marked carry higher premiums.
Originally posted by: pitboss These are not something anyone would stack but it behoves someone to have a lot of them .
That would depend on the year. There is a 50% mark-up on the P mint mark coins. Anyone who purchased them in 2011,13,14,15 may still be under water for most issued ones.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
"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
Silver took a nice $(.31) hit today to close at $17.61 as expected by some posters here. Will be interesting to see how the week ends up.
MAY SILVER: It closed lower today forming a reversal top. It has reached the same level that stopped the market in January 2015. That level is around 18.000 and resistance. It is overdue for a good selloff, considering the rally it has had. But there is one difference this time. In 2015 it did not have the support of the 100 avg. under it on its weekly chart. This time it does. That tells me a selloff could be a buying opportunity. Watching closely. Closed 17.656, down .133.
What I find amazing in this candlestick chart is the increased volume for today. You can see it on the bottom of the attached chart. If anyone was wondering what happened to silver prices today it sure looks like some big boys were making some moves. What do you think?
Also notice the reversal top as mentioned in the post above. It is the red candle on May 2nd (top right). Notice the wick of this candle goes all the way up to $17.99 which was also mentioned in the article.
Comments
Time to buy/sell/trade is any time.
"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
"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 believe silver is now in a position for a big retreat. Recent buying frenzy makes it currently over bought. But, I've been wrong many times before. (chart goes back to 2006)
Funny. This chart doesn't seem to depict the alleged short selling in 2011 that "the Fed and it's owner banks" did to crush the hopes and dreams of so many anticipating a financial apocalypse.
Knowledge is the enemy of fear
$17 silver is still a bargain imo...
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
Lots more shorts being played now than in years past.
After a brief study of Kitco historical charts, it appears that when longs overwhelm shorts and the divergence between longs vs. shorts is large, the market stabilizes.
That's how it looks to me, but I'm curious about the larger number of shorts being played nowadays.
I knew it would happen.
If it goes higher, I can't buy anymore after getting it in the $14's.
It would have to go much much higher for it to affect my balance favorably. But I'm not thinking that's happening just yet.
So, I want it to swing wildly, and spark interest again. Have some fun too.
In fact, we are now hearing how the momentum in silver prices could continue for some time—a 360-degree change in opinions, as I see it.
Closed at $17.63
Gas goes up, silver goes up...fancy that.
You're forgetting .."the dollar goes down" in your summary ..."Perfect Storm" for Gold & Silver
Just wanted to wake a few people up (lol).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
That would make us all rich if there any buyers left out there for silver at that price.
The thing is, when silver hits $250 an ounce, a loaf of bread may be $25.
As a side note, I went grocery shopping at a store I hadn't gone to in about 6 months and was extremely shocked at the price of a loaf of bread.
6 months ago, all brands were selling between $2.50 to $2.90 a loaf (Canadian dollars) and now they were all selling for $4.00 to $4.80 a loaf.
Inflation is just around the corner folks!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I need to get this silver monkey off my back.
For those of you who were buying silver eagle rolls on eBay or from Govmint at $339 a roll a few weeks ago they are now going for around $425 on average on eBay. That's a 25.37% increase in just a few short weeks. Even if you can still buy them for $410 a roll at Govmint, that's still a 20.94% increase.
Anyway you slice it, it has been a fun few weeks. Hopefully the momentum can last. I am now seeing lots of predictions of $20+ silver in the short term.
Let's hear some predictions for next week and beyond. Are you a bull or a bear?
"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 2007 and 2008 W coins are screaming off eBay right now.
For what reason? $28 or $29 doesn't sound so hot with fees. I can't remember what I paid for mine or how many I have. I did buy a colorized silver eagle for $18 at a coin club auction the other night.
Try and buy one for $28 or $29 now. Buy it now's are in the $30 to $60 range for the 07's and $40 to $70 range for the 08's and silver is just starting to rise in price. These are not your bullion coins with no mint mark that were minted by the hundreds of millions of coins.
$29 isn't a great deal different from the low $30s, but $4 shipping doesn't help. There seems to be plenty of 07s in the low $30s.
What a great week for silver stackers who took advantage of the lower prices. Silver was at $16.20 when I started the thread and it ended this week at $17.92. That is a 10.62% gain in 11 days
For those of you who were buying silver eagle rolls on eBay or from Govmint at $339 a roll a few weeks ago they are now going for around $425 on average on eBay. That's a 25.37% increase in just a few short weeks. Even if you can still buy them for $410 a roll at Govmint, that's still a 20.94% increase.
Anyway you slice it, it has been a fun few weeks. Hopefully the momentum can last. I am now seeing lots of predictions of $20+ silver in the short term.
Let's hear some predictions for next week and beyond. Are you a bull or a bear?
Would $410 a roll here still be considered a good price?
Try and buy one for $28 or $29 now. Buy it now's are in the $30 to $60 range for the 07's and $40 to $70 range for the 08's and silver is just starting to rise in price. These are not your bullion coins with no mint mark that were minted by the hundreds of millions of coins.
The last couple of true auctions for 2008-W went for around $30 including shipping. I think the "buy it now" prices reflect the periodic eBay Bucks promotions which reduce the buyers' costs by 8 to 10 percent.
My Adolph A. Weinman signature
on the 07's I see 16 bids $41, 16 bids $88 1 bid 39.88, 9 bids 45, 3 bids 28.75, 6 bids 34,15 bids 54.54
on the 08's
13 bids 78, 12 bids 71, 11 bids 48, 14 bids 42, 5 bids 41, 8 bids 56, 11 bids 50
So there is movement and it will be increasing as the price rises. You can still get some 07's in the $30 range and some 08's in the high $30's but the graded ones are $40 and up.
What a great week for silver stackers who took advantage of the lower prices. Silver was at $16.20 when I started the thread and it ended this week at $17.92. That is a 10.62% gain in 11 days
For those of you who were buying silver eagle rolls on eBay or from Govmint at $339 a roll a few weeks ago they are now going for around $425 on average on eBay. That's a 25.37% increase in just a few short weeks. Even if you can still buy them for $410 a roll at Govmint, that's still a 20.94% increase.
Anyway you slice it, it has been a fun few weeks. Hopefully the momentum can last. I am now seeing lots of predictions of $20+ silver in the short term.
Let's hear some predictions for next week and beyond. Are you a bull or a bear?
Would $410 a roll here still be considered a good price?
It's hard to pull the trigger at $410 when I was buying them a month ago at $339. The stacker in me says keep stacking but the penny pincher says wait and see. I will probably just keep spending the same budgeted amount each month regardless of the price
This is a tough crowd
maybe just realistic?
The move up is exciting, but most likely not permanent.
Don't get me wrong, I fully share your excitement.
Edited to add:
And out @ 90.
NUGT is at $119.07 up almost 20% in 1 day on Friday's close. Did you get back in DerryB?
This is a tough crowd
maybe just realistic?
The move up is exciting, but most likely not permanent.
Don't get me wrong, I fully share your excitement.
NUGT is at $119.07 up almost 20% in 1 day on Friday's close. Did you get back in DerryB?
Yes, but only on a daily basis and IRA trading rules limit my accounts' ability to trade often.
"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
You can not get e-bucks on bullion coins.
on the 07's I see 16 bids $41, 16 bids $88 1 bid 39.88, 9 bids 45, 3 bids 28.75, 6 bids 34,15 bids 54.54
on the 08's
13 bids 78, 12 bids 71, 11 bids 48, 14 bids 42, 5 bids 41, 8 bids 56, 11 bids 50
So there is movement and it will be increasing as the price rises. You can still get some 07's in the $30 range and some 08's in the high $30's but the graded ones are $40 and up.
Well considering I cant get 390 a roll delivered I dont think so......
You are talking a different animal. Bullion is not the same as the mint marked coins. It is just raw silver. Not that that is bad it's just different from coin collecting.
All American Eagles are bullion coins. Some, such as proofs and burnished mint marked carry higher premiums.
"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
You are talking a different animal. Bullion is not the same as the mint marked coins. It is just raw silver. Not that that is bad it's just different from coin collecting.
All American Eagles are bullion coins. Some, such as proofs and burnished mint marked carry higher premiums.
10 4. "Monetized bullion currency."
You are talking a different animal. Bullion is not the same as the mint marked coins. It is just raw silver. Not that that is bad it's just different from coin collecting.
All American Eagles are bullion coins. Some, such as proofs and burnished mint marked carry higher premiums.
10 4. "Monetized bullion currency."
But, gold is not money.
"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
You are talking a different animal. Bullion is not the same as the mint marked coins. It is just raw silver. Not that that is bad it's just different from coin collecting.
All American Eagles are bullion coins. Some, such as proofs and burnished mint marked carry higher premiums.
10 4. "Monetized bullion currency."
But, gold is not money.
It is no more money than a unit of labor.
Knowledge is the enemy of fear
You can call them whatever but the premiums are much higher than the plain old silver ones.
Are these something one would "stack", or just own an example for a collection?
Knowledge is the enemy of fear
These are not something anyone would stack but it behoves someone to have a lot of them .
That would depend on the year. There is a 50% mark-up on the P mint mark coins. Anyone who purchased them in 2011,13,14,15 may still be under water for most issued ones.
I am talking about the 06,07, and 08 W minted coins. They are very low mintage coins with 07 being the highest mintage.
2012 and 2013 have a much lower mintage
"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
MAY SILVER: It closed lower today forming a reversal top. It has reached the same level that stopped the market in January 2015. That level is around 18.000 and resistance. It is overdue for a good selloff, considering the rally it has had. But there is one difference this time. In 2015 it did not have the support of the 100 avg. under it on its weekly chart. This time it does. That tells me a selloff could be a buying opportunity. Watching closely. Closed 17.656, down .133.
Market review
Also notice the reversal top as mentioned in the post above. It is the red candle on May 2nd (top right). Notice the wick of this candle goes all the way up to $17.99 which was also mentioned in the article.
Source: barchart.com