This scenario was very apparent this week when Goldman and other big name firms called for a sharp pullback. This caused both gold and silver to open the week in a slump, only to bounce back to new highs. We are now in a market where the demand for these precious metals investments has gotten so large that it is becoming harder and harder for the big name firms to mess with our markets. The investors are taking over. On Friday, Goldman said:
Many successful BST transactions ajia (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes, mariner67, and Mikes coins
Need the following OBW rolls to complete my 46-64 Roosevelt roll set: 1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S. Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>Silver is poised to explode later this week. Only a few hours until opening bell. >>
The S and P downgrade of the US, the dollar hitting record lows, the Japan quake, the Mideast crisis(s), supply/demand issues and on and on, seems like its the perfect storm for silver. No one is going to listen to Goldmans claims------------BigE
I am trying to decide if I should bump my price on what I have on ebay in anticipation for the jump. They expire tomorrow and if they don't sell, I may just sit on them for a bit.
<< <i>I am trying to decide if I should bump my price on what I have on ebay in anticipation for the jump. They expire tomorrow and if they don't sell, I may just sit on them for a bit. >>
I jumped mine up to $74.95 on the 2008W ungraded silver eagles and just sold one, maybe I should have gone higher,
Silver has to go retrace and fill that sharp opening gap last night. Too bad all the action occured overseas where J6P couldn't head to his B&M and take advantage of $49+. That's ok. It will be back soon enough.
<< <i>Seeing my eagles selling at $47.95 is a shock to my system. Are people stupid or do they see something that I don't see happening for a while. >>
How many do you want to sell me at 47.95? I am ready to pay!!!
<< <i>Seeing my eagles selling at $47.95 is a shock to my system. Are people stupid or do they see something that I don't see happening for a while. >>
How many do you want to sell me at 47.95? I am ready to pay!!! >>
Corrected- one finger got ahead of the other- good thing it didn't happen on ebay!
I was that happen on ebay yesterday when a guy listed a Qty of two at $0.99 each, 7.95 shipping. Bang, they were gone before could pay (instant payment required). I bet he doesn't ship them.
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
It started climbing last night and it looks like we will continue. With the margin panic over (for now) and the weak hands selling, it should start climbing right back up to where it was before last week. We will see.
That'd be pretty neat if it heads up to it's previous high so quickly.
It was very interesting to see the wild swings of opinon once silver started to fall last week. from "The sky is falling!" to "I dont care" to "It'll be another 10 years before we see $50" etc.
At this point I don't have any idea where it is going but will flow in whatever direction it takes from just holding on to what I have or to buying more.
Well the trend is higher unless the trend breaks and crosses the XDMA in which case it may turn lower. If it drops past the support levels there it will fall more until it reaches a support level where it will rebound and lift higher. However, it may not move much until other figures released by this week show changes that bring about a mild fluctuation. Overall the trend is higher except that seasonal factors may bring it lower. Looking at the charts we find support levels at 33, 30, 27 and 25 on the downside and some resistance at 40, 43, 46, and 500. Unless of course, it rains in NY and all the traders stay home.
My newsletter is only $999, payable yearly in small unmarked bills in a brown bag.
Comments
<< <i>Spiking in the last 30 minutes! You really gotta pay close attention in this market. >>
I keep moving my coins for sale up in price but these people just keep on buying. Time to make another change I guess!
That's a fact
Silver is on fire this week!
I think I'll go for a swim..
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
Smackdowns are short and sweet, the way I like them. I guess if we didn't buy before we are not going to buy now.
<< <i>It is so hard to buy the "dip". I just brought some paper at 42.8. >>
Just sold the paper at 44.8. The market is just too crazy!
I really don't understand how paper works and can not afford to lose any money so I will just leave that up to the people that do understand it.
<< <i>
I think I'll go for a swim..
I wonder how deep this pile is?
<< <i>sell at $40! >>
And how is this working for you ? ! ? !
HH
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
<< <i>sell at $40! >>
I just got a loan, I'll take 2000 please!
Please, everyone, be careful and alert out there. Do not be tempted to give
back much of your recent gains. Of course, I could be wrong, but cautious swimmers,
rarely drown.
Camelot
Silver is poised to explode later this week. Only a few hours until opening bell.
<< <i>Silver is poised to explode later this week. Only a few hours until opening bell. >>
The S and P downgrade of the US, the dollar hitting record lows, the Japan quake, the Mideast crisis(s), supply/demand issues and on and on, seems like its the perfect storm for silver. No one is going to listen to Goldmans claims
Happy Easter everyone!
I knew it would happen.
<< <i>
<< <i>
I think I'll go for a swim..
I wonder how deep this pile is? >>
90 feet.
wow
bob
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
<< <i>I am trying to decide if I should bump my price on what I have on ebay in anticipation for the jump. They expire tomorrow and if they don't sell, I may just sit on them for a bit. >>
I jumped mine up to $74.95 on the 2008W ungraded silver eagles and just sold one, maybe I should have gone higher,
<< <i>Dropping like a rock right now! >>
Must have been a very light rock.
That's ok. It will be back soon enough.
roadrunner
<< <i>Seeing my eagles selling at $47.95 is a shock to my system. Are people stupid or do they see something that I don't see happening for a while. >>
How many do you want to sell me at 47.95? I am ready to pay!!!
<< <i>
<< <i>Seeing my eagles selling at $47.95 is a shock to my system. Are people stupid or do they see something that I don't see happening for a while. >>
How many do you want to sell me at 47.95? I am ready to pay!!! >>
Corrected- one finger got ahead of the other- good thing it didn't happen on ebay!
I was that happen on ebay yesterday when a guy listed a Qty of two at $0.99 each, 7.95 shipping. Bang, they were gone before could pay (instant payment required). I bet he doesn't ship them.
Seens to be up pretty sharply today!
Almost at $50. Wont be long today.
<< <i>$50.00 by Monday? >>
Didn't make it by Monday but should get there this morning.
Can it hold on to it's gains?
<< <i>Can it hold on to it's gains? >>
Yes. You can't keep a good thing down.IMHO
<< <i>Can it hold on to it's gains? >>
I sure hope so.
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
CU Ancient Members badge member.
Collection: https://flickr.com/photos/185200668@N06/albums
It was very interesting to see the wild swings of opinon once silver started to fall last week. from "The sky is falling!" to "I dont care" to "It'll be another 10 years before we see $50" etc.
At this point I don't have any idea where it is going but will flow in whatever direction it takes from just holding on to what I have or to buying more.
My newsletter is only $999, payable yearly in small unmarked bills in a brown bag.
The way it is going right now, we just might break $38 today
<< <i>I was just looking at Kitco. Is it normal to have a 20 cent spread between bid and sell? Seems like a big gap. >>
Not really, it was a cent or two usually.
Successful Trades: Swampboy,
Knowledge is the enemy of fear
<< <i>
<< <i>I was just looking at Kitco. Is it normal to have a 20 cent spread between bid and sell? Seems like a big gap. >>
Not really, it was a cent or two usually. >>
Generally, that is what I usually see (except for at night looking at the Asia market). Strange!
I wonder who is going to give, the buyers or the sellers?
<< <i>A dead cat bounce (currently occuring), then drifting lower over coming weeks. >>
I do agree with this statement.
I see a lower PM price in the summer months and a possible US dollar rally anywhere from 75 to 79.
However, I do like Silver's chances of regaining its $50 price tag in 6 to 12 months time.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)