Ouch

agentjim007 · February 28, 2012 11:55PM

you know

ricko · February 29, 2012 12:03AM

Yep.... Cheers, RickO

tydye · February 29, 2012 12:05AM

crap - and I was planning on dumping my odds and ends this weekend.

DrBuster · February 29, 2012 12:08AM

And guess who made his South American gold purchase this morning for the 6 continent set. Piece is $30 cheaper...

derryb · February 29, 2012 12:16AM

buy opportunity dead ahead

tydye · February 29, 2012 12:20AM

<< buy opportunity dead ahead >>

yea but you need that green paper stuff.... all I have is white and yellow metal

secondrepublic · February 29, 2012 12:21AM

yawn. we've seen this movie a million times.

derryb · February 29, 2012 12:24AM

<< 

<< buy opportunity dead ahead >>

yea but you need that green paper stuff.... all I have is white and yellow metal >>

white and yellow is good, but not so good to play the volatility. Paper is your friend on very short term ups and downs.

guitarwes · February 29, 2012 12:43AM

It's my fault again guys, I bought a good chunk Monday night and yesterday.......

DrBuster · February 29, 2012 12:49AM

<< It's my fault again guys, I bought a good chunk Monday night and yesterday.......

>>

No no, it's mine. Every time I buy foreign metal online it drops, every time, like Colt 45.

ksammut · February 29, 2012 12:50AM

Glad I sold my SLV calls yesterday. Looking to get back in but will wait until things settle down.

OPA · February 29, 2012 12:52AM

<< buy opportunity dead ahead >>

I would have preferred the $75 selling oportunity that your crystal ball had forecast by July 1

TwoSides2aCoin · February 29, 2012 12:54AM

Will a flash mob hit the U.S. Mint ?

derryb · February 29, 2012 12:55AM

<< 

<< buy opportunity dead ahead >>

I would have preferred the $75 selling oportunity that your crystal ball had forecast by July 1

>>

Crystal ball remains unchanged. I like the volatility between now and then.

mariner67 · February 29, 2012 1:03AM

Easy come, faster go!

57loaded · February 29, 2012 1:18AM

if one is playing paper and was long, yeah fer sure

i guess i should look over at the AU and AG charts for the rollercoaster pic again!

CaptHenway · February 29, 2012 1:21AM

Are we having fun yet?

OPA · February 29, 2012 2:03AM

<< Are we having fun yet? >>

Could not resist APMEX sale...Silver at $1.29 over spot on a lot of their generic silver items.

OldEastside · February 29, 2012 2:04AM

Well we were thinking about going to Six Flags Magic Mountain
this weekend but after the last few hours, I'm not sure I wanna
now.

Steve

PerryHall · February 29, 2012 2:13AM

<< 

<< It's my fault again guys, I bought a good chunk Monday night and yesterday.......

>>

No no, it's mine. Every time I buy foreign metal online it drops, every time, like Colt 45. >>

You guys weren't the only ones buying silver the past couple of days.

tnspro · February 29, 2012 2:19AM

is there a app for my laptop or a specific web site you guys use to keep updated on the prices throughout the day? I just go to Provident but I am sure there is a better place to go.

derryb · February 29, 2012 2:26AM

<< is there a app for my laptop or a specific web site you guys use to keep updated on the prices throughout the day? I just go to Provident but I am sure there is a better place to go. >>

kitco silver, be sure to refresh each time for latest quote

Spooly · February 29, 2012 2:31AM

Kitco for quotes and news. APMEX has a iphone app that gives you current price quotes.

DrBuster · February 29, 2012 2:49AM

I like the Bloomberg app on the ipad for commodities/stocks/etc etc. Agree with Kitco for the laptop/desktop.

DrBuster · February 29, 2012 2:50AM

<< 

<< 

<< It's my fault again guys, I bought a good chunk Monday night and yesterday.......

>>

No no, it's mine. Every time I buy foreign metal online it drops, every time, like Colt 45. >>

You guys weren't the only ones buying silver the past couple of days.

>>

I wish I was on silver. Gold today, right before the plunge.

Pokermandude · February 29, 2012 3:08AM

Kitco also has a free app in the apple store that is quite good.

vibr0nic · February 29, 2012 3:20AM

Ouch? Heck, I was thinking Opportunity.

Timbuk3 · February 29, 2012 3:26AM

Double "ouch" !!!

66Tbird · February 29, 2012 4:11AM

What triggered it is what I'm wondering about?

derryb · February 29, 2012 8:32AM

<< What triggered it is what I'm wondering about? >>

The markets believe Bernanke when he says he won't be creating new QE. They will soon come to their senses, stock up.

jmski52 · February 29, 2012 8:55AM

******Famous Quote, from 57loaded, just yesterday******:

the biggest banksters KNOW what will be said before and will "play" acordingly.

Okay, is anyone really surprised about this takedown? I mean, really?

I've been stacking cash for about the past 6 months, and I may have to spend some of it now.

NumbersUsacom · February 29, 2012 9:11AM

<< ******Famous Quote, from 57loaded, just yesterday******:

the biggest banksters KNOW what will be said before and will "play" acordingly.

Okay, is anyone really surprised about this takedown? I mean, really?

I've been stacking cash for about the past 6 months, and I may have to spend some of it now. >>

No I suppose not. It's like a recurring nightmare, after the fist couple of times you realize its just another dream, and then go on about your business.

leothelyon · February 29, 2012 9:11AM

I lost out on some profit taking. I kept telling myself....sell at $37, I can always get back into it. Stayed up all night thinking about it, Benanke takes his seat and it was rising, says something and silver drops 50 cents. I tell myself, ok, sell at $36.50 but I wait, seeing it creep back up to $36.86. Ok, the heck with it, I would have made only $30. Called it a day, snoozed, wake up, silver is down to $34 something.

Coins101 · February 29, 2012 9:15AM

<< 

<< is there a app for my laptop or a specific web site you guys use to keep updated on the prices throughout the day? I just go to Provident but I am sure there is a better place to go. >>

kitco silver, be sure to refresh each time for latest quote >>

Click on the chart icon for silver. It looks rather amazing!

derryb · February 29, 2012 9:24AM

I use a free kitco download for my PC that shows current spot prices in my task bar.

Kitco taskbar download

NumbersUsacom · February 29, 2012 11:15AM

<< I use a free kitco download for my PC that shows current spot prices in my task bar.

Kitco taskbar download >>

Thanks Derrb, Installed.

TwoSides2aCoin · February 29, 2012 12:04PM

"I'd be very happy to talk to you about it "

See what talking gets us ?

NumbersUsacom · February 29, 2012 2:19PM

<< "I'd be very happy to talk to you about it "

See what talking gets us ? >>

Thanks twosides, did you also watch the accompanying Warsh interview by Ludlow, that was very interesting also. He (warsh) speaks with a not to subtle apprehension of that window of opportunity and if its not taken heed to.. what the results will be.

Pokermandude · February 29, 2012 3:44PM

I love the big swings of silver. Put up a free ad on a site similar to craigslist, and ended up moving virtually all of my undesirable junk silver for full spot price. I'm in Canada so that's the 50% silver dimes/quarters and 50-80% 1967 dimes/quarters. They're about on par with the USA 40% silver half dollars.

Even though the spot price isn't any different than it was a week ago, it's the psychological "gotta buy this deal now!" mentality that allowed me to make three separate sales tonight.

TwoSides2aCoin · February 29, 2012 8:30PM

Numbers, I did watch the subsequent interview.

derryb · February 29, 2012 9:41PM

Typical smackdown (at exactly the time BB was speaking). The future of the dollar and how our leaders deal with massive debt problems continue to be the driving forces for long term PM value. Outlook remains unchanged.

Think of it as a buying opportunity

Embry - Gold & Silver Smash Temporary, Oil to Super-Spike

jmski52 · February 29, 2012 10:32PM

Let's review. Regardless of what "the Chairman" says, if he allows rates to go up the stock market will crash and bond defaults will be accelerated. Government's record is quite poor from the perspective of bondholders, whether it is GM or the ECB. Besides that, low bond yields are a sure bet to lose ground. If you are a bondholder in this environment, I have to question why you would do that. Does "safety" now equate to a guaranteed erosion of capital?

If "the Chairman" holds rates at abnormally low levels, the only way to do it is through massive money creation. Otherwise, the bond market will demand more return for a commensurate amount of risk. Liquidity is what floats the stock market, gold and other commodities as well. So, either he keeps rates low, or he doesn't. It can't be both!

This hit on gold and silver was way disproportionate to what was happening in other markets, and I would posit that without the big banks" ability to play with paper on corrupt exchanges, the metals would barely have moved yesterday.

If we assume that the main purpose in any market manipulation is to control the wealth, it makes sense to me to step aside - to take my ball and go home. The more we do that, the less control they have over our money and our lives. Live to play another day.

And keep stackin'. It's real money.

slinc · February 29, 2012 11:32PM

No worries I bought a little tuesday which I guess if I waited til wednesday I would have got a little more. I'll buy a little next week and so on. Actually reading through some articles I saw bonds mentioned and it reminded me I bought a $200 bond early last year which I checked on and it was redeemable so I guess I'll buy a little more next week then this week.

Ouch

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