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Silver is back over $30

OverdateOverdate Posts: 7,314 ✭✭✭✭✭
in Precious Metals
At least for the moment. image

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    gsa1fangsa1fan Posts: 5,566 ✭✭✭

    GBGimage
    Avid collector of GSA's.
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    MeltdownMeltdown Posts: 9,246 ✭✭✭✭✭
    image
    image
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    PerryHallPerryHall Posts: 47,517 ✭✭✭✭✭
    Good news but let's see how long it lasts.

    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

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    CaptHenwayCaptHenway Posts: 33,854 ✭✭✭✭✭
    "Thar' she blows!!!!"
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,543 ✭✭✭✭✭
    It looks like a good time for me to lock in some SLV ETF profits. It wasn't pretty two weeks ago when silver was selling for about $26.50 an ounce. image
    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

    March of Time - 27 Centuries in Gold
    https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
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    roadrunnerroadrunner Posts: 28,371 ✭✭✭✭✭
    But I though she was cooked?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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    MilesWaitsMilesWaits Posts: 5,565 ✭✭✭✭✭


    << <i>"Thar' she blows!!!!" >>



    I know the metal has "really/truly" risen when the Captain spouts his meanacing moniker! Go Silver!!!!!!!


    Now riding the swell in PM's and surf.
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    PerryHallPerryHall Posts: 47,517 ✭✭✭✭✭


    << <i>"Thar' she blows!!!!" >>



    We've heard that before.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

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    pitbosspitboss Posts: 8,643 ✭✭✭

    Still holding pretty firm.
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    JamesMurrayJamesMurray Posts: 4,036 ✭
    image
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    storm888storm888 Posts: 11,701 ✭✭✭


    << <i>It looks like a good time for me to lock in some SLV ETF profits. It wasn't pretty two weeks ago when silver was selling for about $26.50 an ounce. image >>



    ////////////////////////////////

    Maybe.

    But, if you already lived thru that, you might wanna
    wait a few days. That is especially true, if you are
    likely to be enticed back in if upward mo continues.






    Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
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    pitbosspitboss Posts: 8,643 ✭✭✭

    Which is what it is likely to do.
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    DoubleEagle59DoubleEagle59 Posts: 8,431 ✭✭✭✭✭
    I've got a buddy sitting on a pile of cash waiting for silver to drop to $18, then he says he'll buy.

    "Good luck", I tell him, "You'll never see $18 again".

    Personally, I think $30 may hold.

    When silver shot through the $20's in three months, the expected usual correction that should have followed would have taken silver down to the low twenties or high teens.

    That never happened. We just had a short-lived, mild correction.

    I'm starting to think we'll be lucky to see $25 again.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
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    CaptHenwayCaptHenway Posts: 33,854 ✭✭✭✭✭
    His tough luck!
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    jmski52jmski52 Posts: 23,956 ✭✭✭✭✭
    I'm not inclined to sell a single ounce of silver at this juncture. My opinion is that I'd be nuts to do that.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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    renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I remember a thread not to long ago asking something like $25 or $35 next?
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    OverratedOverrated Posts: 454 ✭✭
    Hold silver sell gold! silver is going, going,going, gone.
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    pitbosspitboss Posts: 8,643 ✭✭✭

    I have a few on ebay now but my price is high enough that when I do sell one I really don't mind, I just buy some more at todays price.
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    OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,543 ✭✭✭✭✭


    << <i>

    << <i>It looks like a good time for me to lock in some SLV ETF profits. It wasn't pretty two weeks ago when silver was selling for about $26.50 an ounce. image >>



    ////////////////////////////////

    Maybe.

    But, if you already lived thru that, you might wanna
    wait a few days. That is especially true, if you are
    likely to be enticed back in if upward mo continues. >>



    Well, I took the profit just before the close. Maybe I'll miss a big move but I've seen too many plunges when silver gets above $31.
    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

    March of Time - 27 Centuries in Gold
    https://coins.www.collectors-society.com/WCM/CoinCustomSetView.aspx?s=36590
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    pitbosspitboss Posts: 8,643 ✭✭✭

    When you consider your fees to sell and then re-buy on such a short drop it is hardly worth the effort. I feel it is better to just sell a few things at a higher price than they are worth and re-buy at a sale that is going off at the wrong time.
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    CaptHenwayCaptHenway Posts: 33,854 ✭✭✭✭✭
    Seems to be holding.......
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    mikeygmikeyg Posts: 1,002 ✭






    before you guys get too excited,consider this.I have bought a bagful of sae s,canadian silver wolf coins,chinese panda silver and a few other foreign silver one ouncers.All in the 32-33 dollar range.so needless to say silver will hover below 30 dollars until after I sell them at a loss.
    Or is there a chance that silver will rise to 35 or 40 dollars??
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    SpoolySpooly Posts: 2,108 ✭✭✭
    mikeyg...... (evil grin) What did you have to buy and screw it up for the rest of us? I guess I should short the silver market now... (Big grin)
    Si vis pacem, para bellum

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




    I have been wrong on occasion.When it hits 50.00 I am selling
    image
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    Wolf359Wolf359 Posts: 7,666 ✭✭✭


    << <i>I have been wrong on occasion.When it hits 50.00 I am selling
    image >>



    Then you'll miss the real run. Good luck though.
    Multi-channel listings of coins and inventory management

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    pitbosspitboss Posts: 8,643 ✭✭✭

    Well, it's starting out the trading overseas down 4 cents.
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    DNADaveDNADave Posts: 7,346 ✭✭✭✭✭
    I'd like to sell my stash at just the right time and use the cash to help buy a little piece of land...50 to 100 Acres.

    Hopefully it will peak later in the year when I think I'll be ready. GO SILVER !

    worth about 5K right now.
    image
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    CaptHenwayCaptHenway Posts: 33,854 ✭✭✭✭✭


    << <i>Well, it's starting out the trading overseas down 4 cents. >>



    It's too early to tell anything....the Asian market is too busy watching Snooki on the Grammies show.........

    image
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Also won the PNG's Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
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    pitbosspitboss Posts: 8,643 ✭✭✭

    They watch all that garbage too.
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