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fb101
Administrator
USA
2856 Posts |
Posted - 08/11/2008 : 16:38:07
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Well, if it keep on like this, the dollar ought to be worth 2 euros by next week.
***** I could be dead wrong about this assessment but.... *****
Here's what I'm looking at; I see oil, silver and gold tumbling far more than they should based on the change in the oil, or the demand drop, or dollar. At the same time I see the nasdaq & S&P charts rising rapidly, (I don't watch the dow, it's only 30 stocks) but without any jump in volume. - The lack of increased volume indicates to me it's smaller players jumping into the stock market, because larger players cause volume increases. The Nasdaq is approaching the top of a year long trend line which is a downslope. The S&P is also approaching the top of it's similar trend line, although not as close as the nasdaq. All this in the face of rising inflation and declining employment and bank failures. Gas has come down 10% now, so I assume it' no longer an inflationary pressure.
So what is this telling me?
It's a panic rush from commodities into stocks by all those people who fear they will/might have missed the bottom. However, my belief is that this is one heck of a bear market rally in stocks, and that a lot of people will be getting their financial heads handed to them.
The next few days will tell. 100,000 barrels of oil a day come out of georgia, which the news tells me is being invaded by russia, and oil disruptions are possible, yet the oil market is ignoring that completely. GM is still all but doomed.
Something I'm sure is very out of sync here. This whole thing is wayyyy too volatile and indicates some sort of panic reaction. |
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Edited by - fb101 on 08/11/2008 16:41:34 |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
 Posted - 08/11/2008 : 17:33:25
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quote:
Originally posted by TenBears
quote:
Originally posted by legacypac
Platinum, Plalatium, Silver and Gold showing straight down charts today. Like gravity is pulling on them or something. Sell, Sell, Sell I can hear it now!
The Duke brothers are losing their ass etts, and Billy Ray and Louis are getting rich!
"A karate man bleeds on the inside!"
That's gotta be one of the funniest movies ever, right up there with Raising Arizona in my list. |
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 08/11/2008 : 17:36:47
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quote:
Originally posted by Delawhere Jack
quote:
Originally posted by TenBears
quote:
Originally posted by legacypac
Platinum, Plalatium, Silver and Gold showing straight down charts today. Like gravity is pulling on them or something. Sell, Sell, Sell I can hear it now!
The Duke brothers are losing their ass etts, and Billy Ray and Louis are getting rich!
"A karate man bleeds on the inside!"
That's gotta be one of the funniest movies ever, right up there with Raising Arizona in my list.
I'm laughing right now thinking of that jail scene and all the Bruce Lee type sounds Billy Ray was making. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/11/2008 : 18:55:03
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| Today's $14.61 silver goes into $10,000 684 times. |
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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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 08/11/2008 : 20:16:19
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quote:
Originally posted by Ardent Listener
Today's $14.61 silver goes into $10,000 684 times.
Oh no. He's brainstorming. Dangerous....
Deal
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Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/11/2008 : 20:26:33
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| Almost at 14 flat. =D |
Trolling is an art. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/11/2008 : 20:32:56
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| I know some or maybe even most of you may be a little sick to see silver at $14.00, but other than Ponce, very few of us can honestly say we have all the silver on hand that we want. So isn't $14.00 silver really better than $22.00 for most of us right now? |
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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jorhyne
Penny Pincher Member
174 Posts |
Posted - 08/11/2008 : 21:19:53
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| Well said Ardent! I'm trying to sell 5 bags of cu pennies right now so I can hop on this cheap silver train! ALL ABOARD! |
Pennies For Sale: http://tiny.cc/jorhynespennies |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 08/11/2008 : 22:40:47
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| Let the train come on down |
Inquiring minds want to know |
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n/a
deleted
51 Posts |
Posted - 08/12/2008 : 08:03:05
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SORRY folks! I need to apologize. I PERSONALLY caused Silver and Gold to go down ME! I bought in FINALLY after years of hesitation and it hasnt stopped going down since! Its always the case with me in stocks etc etc but Thats the bad news!
The good news is i usually win in the end so NOT to FEAR it will rise higher then the previous 52 week highs so sleep tight and dont worry :)
LOL |
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knibloe
1000+ Penny Miser Member
USA
1066 Posts |
Posted - 08/12/2008 : 09:01:21
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quote:
Originally posted by Ardent Listener
Today's $14.61 silver goes into $10,000 684 times.
Are you serious? How exactly would one go about moving a metric ton of nickels? That would seem like an increidble feat to dump them in time to cash in on $14 silver. Have you ever considered a plan for that if you really needed/wanted to do it? |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 08/12/2008 : 10:38:30
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quote:
Originally posted by Ardent Listener
Today's $14.61 silver goes into $10,000 684 times.
Sounds like some bank in town is about to get $10,000 in nickels, and Ardent will have 684 new ounces of silver. |
"Rich," the Old Man said dreamily, "is not baying after what you can't have. Rich is having the time to do what you want to do. Rich is a little whiskey to drink and some food to eat and a roof over your head and a fish pole and a boat and a gun and a dollar for a box of shells. Rich is not owing any money to anybody, and not spending what you haven't got." Robert Ruark
there are too wild Indians...
there are too wild Indians...
there are too wild Indians...-----still taunted
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 08/12/2008 : 14:02:10
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| If anyone feels over burdened by having too much silver i.e. 1 oz or 10 oz name brand bars, let me know and I'll be happy to lock in a price today with ya and take some off your hands! |
Edited by - Copper Catcher on 08/12/2008 14:03:56 |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/12/2008 : 15:23:28
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It's interesting how a lot of us are trying to scare up cash to add to our silver hoards. It will also be interesting this weekend when I go to a coin show to see just how much the spreads have increased as the price goes down. 
Now I don't feel so bad about that stack of Silver Eagles I sold a couple of weeks ago for $19 each. Interesting thing.. like russell I can usually singlehandedly change the market. If I buy it goes down.. it I sell it goes up. In this case the market should have gone up. The market is behaving irrationally.
Hope there are some panicked sellers at coin club tonight or tomorrow night so I can add some more silver to my hoard. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 08/12/2008 : 16:49:15
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| this may sound dumb. But as the price of silver has come down has apmex went up on there ASE's per ounce above spot?. I mean as low as 2.49 over spot if you buy a 100.. does this sound right. I thought like last week it was only a dollar some over spot? I dunno can i be enlightened please |
Inquiring minds want to know |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/12/2008 : 16:57:35
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quote:
Originally posted by knibloe
quote:
Originally posted by Ardent Listener
Today's $14.61 silver goes into $10,000 684 times.
Are you serious? How exactly would one go about moving a metric ton of nickels? That would seem like an increidble feat to dump them in time to cash in on $14 silver. Have you ever considered a plan for that if you really needed/wanted to do it?
The plan is that I would borrow the cash from my wife and use the nickels as collateral. |
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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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/12/2008 : 17:19:24
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| I dunno, I sold 3 T-shirts and made 220bucks for the coin show. =/ Now I just need to find a way to find some extra cash to spend. HCBTT Hopefully he won't buy the place out before I get the chance to walk inside. =/ |
Trolling is an art. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 08/12/2008 : 21:09:02
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quote:
Originally posted by Neckro
I dunno, I sold 3 T-shirts and made 220bucks for the coin show. =/ Now I just need to find a way to find some extra cash to spend. HCBTT Hopefully he won't buy the place out before I get the chance to walk inside. =/
How much did you pay for the shirts? Amazing thats a profit of $73/ea!
I really need to buy more silver. I guess I'm just too lazy . |
"99% of all lawyers give the rest of them a bad name"
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AgCollector
Penny Collector Member
USA
266 Posts |
Posted - 08/13/2008 : 07:00:31
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quote:
Originally posted by Ardent Listener
The plan is that I would borrow the cash from my wife and use the nickels as collateral.
Hmm, wonder if my wife would go for that, and what interest rate she would give me! |
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scooter
Penny Pincher Member
240 Posts |
Posted - 08/15/2008 : 19:43:13
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| this thread should no be re-named IS SILVER GOING UNDER 10$ heehheehehehe, hang in there folks there manipulating and its going to work out well for most of us. buy!!!!! |
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Nickelless
Administrator
USA
5580 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 08/15/2008 : 20:28:14
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quote:
Originally posted by scooter
this thread should no be re-named IS SILVER GOING UNDER 10$ heehheehehehe, hang in there folks there manipulating and its going to work out well for most of us. buy!!!!!
I liked $10.00 silver......it was easy to do the math as to how much silver my money would buy. |
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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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 08/15/2008 : 20:57:28
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quote:
Originally posted by Neckro
I dunno, I sold 3 T-shirts and made 220bucks for the coin show. =/ Now I just need to find a way to find some extra cash to spend. HCBTT Hopefully he won't buy the place out before I get the chance to walk inside. =/
I wanna see one of these T-shirts! Don't worry about me buying the place out. I think it is going to be hard to find sellers at the current price. Should be really interesting.
Hmmmm.. should I bring the BIG cart or the small cart? |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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daviscfad
1000+ Penny Miser Member
USA
1664 Posts |
Posted - 08/15/2008 : 21:02:00
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dont look like apmex is selling 1 oz silver coins.. where else can you buy close to spot price
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Inquiring minds want to know |
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Topic |
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Is silver going to drop below $15 next week?
Forum Locked
