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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/21/2010 : 17:07:17
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| As mentioned, most commodities plus the stock market took a big hit today (-218 DOW). This appears to be more than a JP Morgan manipulation of poor little silver to me. Yes, one more Republican in the Senate helps restore a litte more faith in the dollar for some, but phase two of the crash of 08 is well underway and much more stimilus money will soon be on its way to the hurting and crying states. |
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Think positive. |
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kirkland
New Member
USA
0 Posts |
Posted - 01/21/2010 : 17:13:58
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Don't talk about Republicans if Bluegill is around, Ardent Listener.
I think you are absolutely right, however, and the silver market manipulation is pathetic. It really disgusts me to see that happening. Did I mention that your posts are very professional? |
Edited by - kirkland on 01/21/2010 17:26:05 |
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Dalsuh
Penny Hoarding Member
USA
757 Posts |
Posted - 01/21/2010 : 17:20:08
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Just as predicted these are volatile times. I'm surprised gold did not take a bigger hit actually. I was expecting swings of at least $50 for gold.
I have not been looking at prices of physical pm's lately but has the premiums gone up because of the sudden drop in prices? |
PACK THE FORUM EVERY MONDAY NIGHT
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Mountain 7 PM
Pacific 6 PM ( HoardCopperByTheTon Time)
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Dalsuh
Penny Hoarding Member
USA
757 Posts |
Posted - 01/21/2010 : 17:24:03
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If gold hits under $1k and silver hits $16, I will definitely be unloading all my cash. No more $ for me.
If I'm wrong, so be it. |
PACK THE FORUM EVERY MONDAY NIGHT
Eastern 9 PM
Central 8 PM ( Forum Time )
Mountain 7 PM
Pacific 6 PM ( HoardCopperByTheTon Time)
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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 01/21/2010 : 17:33:08
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quote:
Originally posted by Dalsuh
Just as predicted these are volatile times. I'm surprised gold did not take a bigger hit actually. I was expecting swings of at least $50 for gold.
I have not been looking at prices of physical pm's lately but has the premiums gone up because of the sudden drop in prices?
I just asked, hannes@tulving.com still has "some" 100 ounce silver bars he will sell at $.39 over spot (500 ounce min,) but his band name 100 ounce bars are going for $.59. Either way, that's slighly up. I expect if the drop continues premiums will go up or worse yet, dealers will stop answering their phones for a while. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/21/2010 : 17:35:36
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quote:
Originally posted by Dalsuh
If gold hits under $1k and silver hits $16, I will definitely be unloading all my cash. No more $ for me.
If I'm wrong, so be it.
Well that ought to establish a solid $16.00 floor for the rest of us.  |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 01/21/2010 : 23:30:49
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| I agree with Ardent when the market fluctuates like it has the past few days many dealers pull their inventory off the shelf and sit on it. They are very reluctant to sell on the corrections. IMO the real culprit causing the silver drop is the high Gold prices correcting and silver just getting caught in the mix. Good for buyers-tough for sellers. The fundamentals haven't changed. There is still lots of cash sitting on the sidelines confused where to go. |
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zerocd
Penny Hoarding Member
555 Posts |
Posted - 01/22/2010 : 03:50:28
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I went to local fun show yesterday. Gold and silver was in the cases but no one wanted to price any bullion coins.("um, didn't bring my chart, maybe tomorrow...")
Or "oh, bought all that a week ago"
So you could buy below last weeks spot price, even if they paid a little more. So I did and got some gold. Good buy on uncirculated tubes of Morgans as well without the pressure of high silver costs.
I also found a dealer selling the few coins I wanted at 80% of greysheet or better. Just offered less and he took it.
I bet my local dealer has pulled all his gold from the case.
0CD |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/22/2010 : 07:48:07
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| Silver still going down for the fourth day. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/22/2010 : 08:56:15
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quote:
Originally posted by Ardent Listener
quote:
Originally posted by Dalsuh
Just as predicted these are volatile times. I'm surprised gold did not take a bigger hit actually. I was expecting swings of at least $50 for gold.
I have not been looking at prices of physical pm's lately but has the premiums gone up because of the sudden drop in prices?
I just asked, hannes@tulving.com still has "some" 100 ounce silver bars he will sell at $.39 over spot (500 ounce min,) but his band name 100 ounce bars are going for $.59. Either way, that's slighly up. I expect if the drop continues premiums will go up or worse yet, dealers will stop answering their phones for a while.
i was worried about that also but i have noticed that most of his premiums have come down 10 cents or so. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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misteroman
Administrator
USA
2565 Posts |
Posted - 01/22/2010 : 22:22:05
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quote:
Originally posted by dakota1955
I am still going to wait before I order the 2010 silver eagles.
What are 10's going for these days? |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Market Harmony
1000+ Penny Miser Member
USA
1274 Posts |
Posted - 01/22/2010 : 22:38:44
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quote:
Originally posted by Ardent Listener
As mentioned, most commodities plus the stock market took a big hit today (-218 DOW). This appears to be more than a JP Morgan manipulation of poor little silver to me. Yes, one more Republican in the Senate helps restore a litte more faith in the dollar for some, but phase two of the crash of 08 is well underway and much more stimilus money will soon be on its way to the hurting and crying states.
Yup, still 2 more years to go, at least. One MA senator isn't going to make a difference anytime soon. But, this may be an early indication of the potential response to future elections of fiscal conservatives.
I've been in the stock market game long enough to see opportunities as they mature to maximum gain potential. I've also learned the hard way that I should not try to catch a falling knife. Though the long term potential of silver is compelling me to purchase more at this price, I will still wait until a clearer picture of price action develops. If I miss a few points by waiting, I'll still be ok in the long run. |
goto the new and improved realcent: http://realcent.org |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 01/23/2010 : 01:33:17
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| Silver at 17....buy this weekend or wait...hmmmmm |
Copper Penny Investing
www.portlandmint.com |
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Silverguy23
Penny Sorter Member
USA
62 Posts |
Posted - 01/23/2010 : 08:20:14
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| I am trying to buy a little on all the dips. For me "a little" is 10oz. Some may be able to afford more. then average out all the dips is seeming to be comming out to a reasonable average of accumulation cost. If it drops to $16 i will buy a little more maybe 15oz. if it jumps tomorrow i will wait for the next dip. That is the stratagy I have been using... |
Silver Bugs.... Keep Stackin'! |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 01/23/2010 : 08:36:05
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quote:
Originally posted by highroller4321
Silver at 17....buy this weekend or wait...hmmmmm
I think some type of buy is in order. If you have cash on the side waiting to buy 100oz on a dip, this is IMO a good opportunity to put 25% of that money to work. If it goes down more, well I have more bullets, if not I will leave it on the side for the next opportunity. This will be my strategy. |
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kirkland
New Member
USA
0 Posts |
Posted - 01/23/2010 : 08:39:34
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| It is possible to go down a little bit more, so any time this weekend or next week would be a good time to buy. Good luck! :-) |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 01/23/2010 : 10:17:29
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quote:
Originally posted by dakota1955
Silver still going down for the fourth day.
It's my fault, I bought some earlier in the week. Sorry. |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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Silverguy23
Penny Sorter Member
USA
62 Posts |
Posted - 01/23/2010 : 10:39:22
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| Just purchased 21oz of generic rounds. $1.10 over spot. Purchased a little more that planned but they are very nice looking rounds. Have a little Cash on the side lines will wait to see what happens next week. |
Silver Bugs.... Keep Stackin'! |
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big silver drop
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