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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
 Posted - 11/18/2009 : 08:52:09
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Looks like silver might hit $19 today. My Guess is between 10 and 10:30 AM
If it hits $19, where do you think it will go from there?
I believe it will pull back to $16 before it hits $20.
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You don't have to be the BEST you just have to be.......SLICK
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Edited by - slickeast on 11/18/2009 08:53:34 |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 11/18/2009 : 08:59:06
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i have been waiting a long time for that pullback.
50 day average is 16.75; 200 is about 14.37. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 11/18/2009 : 09:05:28
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| want happen today i dont think |
Inquiring minds want to know |
Edited by - daviscfad on 11/18/2009 09:27:13 |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 11/18/2009 : 09:08:49
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No pullback. This is a SILVER breakout. Once SILVER broke out of the $17-$18 trading range, it is destined to catch up rapidly with the major GOLD move that has occurred.
I saw some of the online dealer spreads (difference between market maker BID and ASK for bags) tighten dramatically over the weekend. So, these guys knew a breakout was in progress. As long as their spreads remain tight, the breakout should continue in earnest.
If the USD weakens from here, you will see $20 SILVER very quickly. Maybe not $19 today, but it should be there by Friday. We should see $20+ next week if the DXY (dollar index) goes significantly below 75. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 11/18/2009 09:29:30 |
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brian0918
Penny Collector Member
USA
315 Posts |
Posted - 11/18/2009 : 09:16:40
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| I really hope silver doesn't pull back to 16... then there will be nothing stopping me from wiping out my bank account and wiping out my local coin shop's silver stock. :D |
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
Searched: $2230 Nickels; Liberty: 1; Buffalo: 4; War: 20; 2009: 2; 2010D: 8 |
Edited by - brian0918 on 11/18/2009 09:17:06 |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 11/18/2009 : 09:46:18
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| Wasn't their an article on coinflation talking about how a lot of people are going to start pouring into silver since gold has become so expensive now? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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JobIII
1000+ Penny Miser Member
USA
1507 Posts |
Posted - 11/18/2009 : 09:50:38
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| If silver does hit 19 this week. I'm going to start off-loading some of my halves. Here's to it climbing into the $20 dollar range. |
Selling Copper cents. $0 FV available at 1.4xFV. Also interested in trading for wheat pennies and other coins Please pm me for requests or inquiries.
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 11/18/2009 : 09:52:23
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| Dont think it will go to 19 today. Maybe by the end of the month. There has to be a pullback here some time. There are profits to be had. |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
Lenin: Class-based International Socialism
Hitler: Race-based National Socialism
Obama: Class- and Race-based Post-National Socialism
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TaRget
Penny Sorter Member
USA
52 Posts |
Posted - 11/18/2009 : 11:54:25
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| I think it will be over $20 if there is a bad Christmas shopping season. |
I am an organized coin collector. |
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2old
Penny Pincher Member
188 Posts |
Posted - 11/18/2009 : 15:25:57
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| The bubble will burst! |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 11/18/2009 : 15:41:08
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quote:
Originally posted by 2old
The bubble will burst!
Which bubble? The fiat bubble money scam?
Do you mean that the great USD will once again become the currency of choice among sovereign nations as fear returns worldwide? |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 11/18/2009 15:43:29 |
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2old
Penny Pincher Member
188 Posts |
Posted - 11/19/2009 : 09:34:24
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quote:
Originally posted by Country
quote:
Originally posted by 2old
The bubble will burst!
Which bubble? The fiat bubble money scam?
Do you mean that the great USD will once again become the currency of choice among sovereign nations as fear returns worldwide?
The bubble I refer to is the current silver and gold prices.
History tells us that what goes up, must come down.
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 11/19/2009 : 10:04:15
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This is a good read:
Gold And Stocks: Are Both Dangerously High?
Both bulls and bears make strong cases
By Mark Huffman
ConsumerAffairs.com
You must be logged in to see this link.
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 11/19/2009 : 10:21:01
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quote:
Originally posted by 2old
quote:
Originally posted by Country
quote:
Originally posted by 2old
The bubble will burst!
Which bubble? The fiat bubble money scam?
Do you mean that the great USD will once again become the currency of choice among sovereign nations as fear returns worldwide?
The bubble I refer to is the current silver and gold prices.
History tells us that what goes up, must come down.
Flip your chart upside down. Gold and silver are not "up" per se, the dollar is in the toilet. By your logic, "what goes down must come up"? Not so sure about that one... |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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2old
Penny Pincher Member
188 Posts |
Posted - 11/19/2009 : 10:58:12
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quote:
Originally posted by Nickelmeister
quote:
Originally posted by 2old
quote:
Originally posted by Country
quote:
Originally posted by 2old
The bubble will burst!
Which bubble? The fiat bubble money scam?
Do you mean that the great USD will once again become the currency of choice among sovereign nations as fear returns worldwide?
The bubble I refer to is the current silver and gold prices.
History tells us that what goes up, must come down.
Flip your chart upside down. Gold and silver are not "up" per se, the dollar is in the toilet. By your logic, "what goes down must come up"? Not so sure about that one...
Place your bets. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 11/19/2009 : 11:32:32
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$18 SILVER holds today. $19 here we come.  |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 11/19/2009 : 11:46:24
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2old - While you may prefer to hold 100% CASH, other investors are willing to take some risk. Gambling and making bets are for the casinos who always have the odds based so that they always win. Putting your money in CASH is always a looser over longer term periods.
With the spending habits of sovereign nations in recent years, is it any wonder that some have awoken and are buying GOLD to stabilize their nation and economies? The strength in GOLD and other rare metals in recent years is a direct result of the profligate spending and printing of unbacked paper fiat that has become a flood of money. Inflation is caused by too much CASH chasing too view goods to spend it upon. Monitized inflation is showing up everywhere - stocks, GOLD, SILVER, COPPER; even your groceries at the supermarket.
The PM inflationary burst is a direct result of the monitary worldwide flood of paper money that is out of control. I suggest that you get your GOLD, SILVER, and COPPER now while you still can. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 11/19/2009 11:47:46 |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 11/19/2009 : 12:02:39
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I was watching CNBC and they had an expert on there saying that the dollar has lost 95% of its buying power compared to the early 1900's. They were also saying to be able to balance the budget at the current deficit, the government would have to move the effective tax rate to the 80 to 90% range (I think this was a study done by an independent group in Washington DC).
With all those factors, I do not think investing in silver or gold are bets; I think investing in the dollar would be the equivalent of taking your money and flushing it down the toilet. |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 11/19/2009 : 12:09:45
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quote:
Originally posted by Country
2old - While you may prefer to hold 100% CASH, other investors are willing to take some risk. Gambling and making bets are for the casinos who always have the odds based so that they always win. Putting your money in CASH is always a looser over longer term periods.
With the spending habits of sovereign nations in recent years, is it any wonder that some have awoken and are buying GOLD to stabilize their nation and economies? The strength in GOLD and other rare metals in recent years is a direct result of the profligate spending and printing of unbacked paper fiat that has become a flood of money. Inflation is caused by too much CASH chasing too view goods to spend it upon. Monitized inflation is showing up everywhere - stocks, GOLD, SILVER, COPPER; even your groceries at the supermarket.
The PM inflationary burst is a direct result of the monitary worldwide flood of paper money that is out of control. I suggest that you get your GOLD, SILVER, and COPPER now while you still can.
I believe that holding too much cash right now IS the risk. |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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brian0918
Penny Collector Member
USA
315 Posts |
Posted - 11/19/2009 : 12:14:25
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| I consider it obscenely risky to hold 100% cash in a fiat currency that recently had a huge injection of money. It would be like holding on to your gold after an alchemist found a way to create gold out of anything. |
"The man who speaks to you of sacrifice, speaks of slaves and masters. And intends to be the master." -- Ayn Rand
Searched: $2230 Nickels; Liberty: 1; Buffalo: 4; War: 20; 2009: 2; 2010D: 8 |
Edited by - brian0918 on 11/19/2009 12:21:53 |
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strom
New Member
13 Posts |
Posted - 11/19/2009 : 13:35:53
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quote:
Originally posted by brian0918
I consider it obscenely risky to hold 100% cash in a fiat currency that recently had a huge injection of money. It would be like holding on to your gold after an alchemist found a way to create gold out of anything.
That, my friend, is one of the best analogies I have heard regarding fiat v. pm. |
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2old
Penny Pincher Member
188 Posts |
Posted - 11/19/2009 : 14:14:33
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quote:
Originally posted by Country
2old - While you may prefer to hold 100% CASH, other investors are willing to take some risk. Gambling and making bets are for the casinos who always have the odds based so that they always win. Putting your money in CASH is always a looser over longer term periods.
With the spending habits of sovereign nations in recent years, is it any wonder that some have awoken and are buying GOLD to stabilize their nation and economies? The strength in GOLD and other rare metals in recent years is a direct result of the profligate spending and printing of unbacked paper fiat that has become a flood of money. Inflation is caused by too much CASH chasing too view goods to spend it upon. Monetized inflation is showing up everywhere - stocks, GOLD, SILVER, COPPER; even your groceries at the supermarket.
The PM inflationary burst is a direct result of the monetary worldwide flood of paper money that is out of control. I suggest that you get your GOLD, SILVER, and COPPER now while you still can.
I am not sure what made you think I was an advocate of holding FRN's???
That really is not true, I have bought and sold heavy metals since about 1976. I think gold and silver are both bad plays right now. The best bet I know of is buying copper pennies @ $1.46 per pound. (By sorting.) Copper has outperformed both gold and silver the last 12 months and should continue to. However, the big boys will stop the rot on the dollar soon and gold and silver will take big hits. Of the three choices of investment being gold, silver and copper. I choose copper. Like belly buttons, we each have our opinions. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 11/19/2009 : 14:43:23
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2old - My apologies for thinking you were a fiat aficionado. Like you say, we all have our metal preferences.  |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 11/20/2009 : 09:40:35
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quote:
Originally posted by 2old
quote:
Originally posted by Country
2old - While you may prefer to hold 100% CASH, other investors are willing to take some risk. Gambling and making bets are for the casinos who always have the odds based so that they always win. Putting your money in CASH is always a looser over longer term periods.
With the spending habits of sovereign nations in recent years, is it any wonder that some have awoken and are buying GOLD to stabilize their nation and economies? The strength in GOLD and other rare metals in recent years is a direct result of the profligate spending and printing of unbacked paper fiat that has become a flood of money. Inflation is caused by too much CASH chasing too view goods to spend it upon. Monetized inflation is showing up everywhere - stocks, GOLD, SILVER, COPPER; even your groceries at the supermarket.
The PM inflationary burst is a direct result of the monetary worldwide flood of paper money that is out of control. I suggest that you get your GOLD, SILVER, and COPPER now while you still can.
I am not sure what made you think I was an advocate of holding FRN's???
That really is not true, I have bought and sold heavy metals since about 1976. I think gold and silver are both bad plays right now. The best bet I know of is buying copper pennies @ $1.46 per pound. (By sorting.) Copper has outperformed both gold and silver the last 12 months and should continue to. However, the big boys will stop the rot on the dollar soon and gold and silver will take big hits. Of the three choices of investment being gold, silver and copper. I choose copper. Like belly buttons, we each have our opinions.
"Belly up to the bar, boys... the Copper Bar!"  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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2old
Penny Pincher Member
188 Posts |
Posted - 11/20/2009 : 14:48:36
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COPPER FUTURE (USd/lb.) 314.400 3.800 1.22% 15:24
Precious Metals
PRICE CHANGE %CHANGE TIME
GOLD 100 OZ FUTR (USD/t oz.) 1150.200 8.300 0.73% 15:29
SILVER FUTURE (USD/t oz.) 18.490 0.035 0.19% 15:29
Copper leads the way again! Up 1.22% for the day.
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 11/21/2009 : 09:18:12
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That really is not true, I have bought and sold heavy metals since about 1976. I think gold and silver are both bad plays right now. The best bet I know of is buying copper pennies @ $1.46 per pound. (By sorting.) Copper has outperformed both gold and silver the last 12 months and should continue to. However, the big boys will stop the rot on the dollar soon and gold and silver will take big hits. Of the three choices of investment being gold, silver and copper. I choose copper. Like belly buttons, we each have our opinions.
[/quote]
Your confidence in the Fed's and the Government's ability to support the dollar is a little unrealistic. I'm sure you remember that it took double digit interest rates to head off inflation 30 years ago and our current fiscal situation is far more dire than it was in the 70s. I also believe the dollar's recovery was further aided by Reagan's supply-side tax cuts.
I don't believe that our current leaders have the courage or even the will to do what must be done to save our currency. With a $12 trillion debt a tight monetary and fiscal policy would likely cause a default. I basically agree with Peter Schiff's view that to truly recover we must embrace savings and investment to grow wealth.
Anyway, I search pennies as well and I view copper as a pretty safe, but since I'm a big believer in diversification I also invest in gold, silver, oil and natural gas.
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Silver to $19 TODAY??
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