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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 09/10/2008 : 11:26:19
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As you are all aware, silver dropped into the $10's today...will it go lower? No one knows (maybe the manipulators do...)
The evidence mounts that this is one of the greatest disconnects of all time--this could be the event that makes fortunes for many people...but, there is always the thought that it won't--that is what keeps many of us from taking bold action. |
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AgCollector
Penny Collector Member
USA
266 Posts |
 Posted - 09/10/2008 : 14:30:18
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legacypac, thanks very much for that explanation- it's made more sense than other times I've tried to look into the ideas.
Out of curiosity, as the price falls, is anyone here actually seeing silver sold at spot price? |
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kavajava
Penny Collector Member
USA
490 Posts |
Posted - 09/10/2008 : 14:51:44
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quote:
Originally posted by AgCollector
Out of curiosity, as the price falls, is anyone here actually seeing silver sold at spot price?
No--in fact, as spot has been declining, the premiums have been going up--meaning that physical silver has been losing much less of its value than paper silver... |
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TenBears
1000+ Penny Miser Member
USA
1021 Posts |
Posted - 09/10/2008 : 15:15:33
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quote:
Originally posted by AgCollector
legacypac, thanks very much for that explanation- it's made more sense than other times I've tried to look into the ideas.
Out of curiosity, as the price falls, is anyone here actually seeing silver sold at spot price?
I bought some junk silver quarters at close to spot on Saturday. Don't know what my dealer would do for me now. I just checked Kitco, and silver is at $10.72. Unbelievable. How low can it go? |
"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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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/10/2008 : 15:35:35
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quote:
Originally posted by AgCollector
legacypac, thanks very much for that explanation- it's made more sense than other times I've tried to look into the ideas.
Out of curiosity, as the price falls, is anyone here actually seeing silver sold at spot price?
Because the physical market we play in exists as a largely cash based, no reporting, widely dispursed market with many buyers and sellers it is really hard to tell where the actual physical market price is for small quantities. ebay is certianly part of the market and perhaps the most transparent which each sale price and terms open for all to see. Online dealers like APMEX list prices and we can see when they sell out (in some cases) but we don't really know what kind of volume they are doing. You can get an idea from offers posted here and in similar forums. Who knows about dealers - they are all over the map. The other complication is that unlike the Commodity Market for standard size silver bars - the small scale physical market includes everything from junk silver to the Easter Bunny bars, and various ASE, Maple Leafs, and "recognized" bars. Each of these variations has its lovers and haters, with various conditions, varying terms of sale and shipping costs etc, and various prices offered per ounce. While we think as though we are buying "silver" we are really buying various "silver products" and not in true commodities. A good analogy to silver products is water - tap water, dirty river water, generic bottled water and Fiji Brand water is all pretty much chemecally identical - but the value placed on each type of water by the market in various packaging, locations and times (Costco, corner store, hot outdoor sporting event, or in a place where water is not safe to drink) is vastly different.
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“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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dthelucky1
Penny Sorter Member
USA
29 Posts |
Posted - 09/10/2008 : 17:45:16
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| This will be the last down day/week for a while imo. $10.50 or so will be the bottom. Fibonacci retracement level, major resistance. Then trade between 13 and 19 for the next year. After that a major run up. This cycle repeats every 2 years. |
Always selling copper pennies @ http://shop.ebay.com/merchant/danbrks |
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Silver Dropped Again
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