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City38
Penny Sorter Member
62 Posts |
 Posted - 02/04/2010 : 18:49:55
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hey guys whats up with the silver drop today? I checked APMEX just a few minutes ago and it was around 15.36.
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 02/04/2010 : 18:52:41
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| We have a thread about it over at the Economic and business forum. In a nutshell I believe it is tied to the drop in the stock market and a stronger dollar due to Europe's troubles. |
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Think positive. |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 02/04/2010 : 19:34:10
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| Is everyone buying AG now or waiting for it to fall further? Looks like some cheap silver is to be had but its not going to last long at the big sellers at these prices. |
"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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thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 02/04/2010 : 19:36:38
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| Bargins are good. |
Come to the new and improved realcent: http://realcent.org
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 02/04/2010 : 20:13:01
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| bargins are good if you can find them |
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Computer Jones
1000+ Penny Miser Member
USA
1112 Posts |
Posted - 02/04/2010 : 22:28:44
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Manipulation to cover shorts on the ETF market?
Nah, that couldn't happen in the U$ofA... |
There's profit if you melt things!!
8{> |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/05/2010 : 10:39:17
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| I am kind of surprised by the drop off. I guess the Euro is sinking because of the worries about Spain and Greece right? Is that playing a role? You would think though that this would be bullish for precious metals if these countries get in big trouble. |
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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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 02/05/2010 : 11:12:43
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| I'm buying! As bad as the dollar is, the Euro looks worse. Greece and Spain are close to defaulting now because they can't print their own currency. Our states are in the same position; when CA defaults the metals will be back up. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 02/05/2010 : 11:21:39
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| 14.57 lol |
Trolling is an art. |
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City38
Penny Sorter Member
62 Posts |
Posted - 02/05/2010 : 11:46:27
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| wow. I would have never thought the drop would be so bad. But its o.k. I know where we are headed. I got to pick up 40 washingtons and 100 mercs this a.m. at 10x. and bonus! there were 2 Barbers in the stack,a 1912d and a 1914. Ive never thought about the euro being in trouble. food for thought... |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 02/05/2010 : 11:53:19
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| We havent seen the bottom yet! |
Copper Penny Investing
www.portlandmint.com |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/05/2010 : 12:03:13
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| So you think silver will drop more? If the dollar is gaining strength partly because of the weakening of the Euro due to all the concerns with Greece, Spain, and Portugal, does it really mean the dollar is legitimately stronger? Not really in my view. |
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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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 02/05/2010 : 12:07:48
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| The problem is where else are you going to go if Europe is in trouble. The dollar isnt that great but the panic to drop the euro is causing it to surge. Hence PM price drops. By the time this thing settles out, you will have 2 worthless fiats and strong PM's. |
"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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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 02/05/2010 : 12:09:47
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| I agree with that statement. |
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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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 02/05/2010 : 12:17:18
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| the dollar isn't stronger it is that it's the better of two evils |
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Zyll
Penny Pincher Member
USA
214 Posts |
Posted - 02/05/2010 : 15:16:23
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Those dollar figures are against a basket of currencies, all of which are inflating at differing rates. To say the dollar is up just means its slope of descent into worthlessness is more gradual. Kitco now separates price action in these terms:
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Gold Price Change due to Strengthening of US Dollar -4.50
Gold Price Change due to Predominant Buying +5.80
Gold Price: Total Change +1.30
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That shows you where the action is. People are buying PM's, that's why the premiums are going up again. January 2010 ASE production exceed total 1996 ASE sales. The wise are securing their positions in physical assets. |
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AandEAGHOARDER
New Member
USA
8 Posts |
Posted - 02/05/2010 : 18:52:50
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Dakota,
You have the right idea ... "the better of the two evils" ... keep your silver and take this opportunity to stock up while you can, that's how I see it! |
You'll probably see me on A&E's Hoarders for silver hoarding someday. |
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Silverguy23
Penny Sorter Member
USA
62 Posts |
Posted - 02/07/2010 : 10:17:41
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| No doubt a time to buy. If it goes lower buy more. Buying on these dips, especially when they stick over the weekends, gives you the opportunity to shop around for the best deals at local dealers... |
Silver Bugs.... Keep Stackin'! |
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marine70
Penny Pincher Member
USA
150 Posts |
Posted - 02/08/2010 : 18:33:46
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| It is only temporary and a time to buy bring it on. I will not be selling till the time is right. |
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nologiks
Penny Sorter Member
83 Posts |
Posted - 02/09/2010 : 13:15:26
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| Agreed, Buy the dips and buy often. Silver maybe downward trending for a bit but, it will rebound. So keep buying the dips.. I know i am. |
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Zyll
Penny Pincher Member
USA
214 Posts |
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Silverguy23
Penny Sorter Member
USA
62 Posts |
Posted - 02/10/2010 : 11:01:54
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Zyll, cant get the link to work...
I click on it and it cant find the page. |
Silver Bugs.... Keep Stackin'! |
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silver price drop
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