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fb101
Administrator
USA
2856 Posts |
 Posted - 12/15/2008 : 16:35:40
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These charts are telling me that the PMs have changed direction to UP.
This silver chart shows how it was riding underneath the downslope, then moved to
the top of the downslope, then broke flat. This is becoming a base. and I'm guessing at $15 Silver by March
This gold chart ends on 12/08, however I put todays price in the green spot
showing it has broken the downtrend it was in.
This is the most interesting of the three. It shows what is called a "Head and shoulders"
formation on the dollar, which usually indicates a long term top. My guess is dollar 76
or lower by Feb 28 09
Now here's the disclaimer: I've been wrong before, DO NOT put down cash based on my recommendations. I merely wish to share some hope.
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Edited by - fb101 on 12/15/2008 16:44:17 |
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Nickelless
Administrator
USA
5580 Posts |
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fb101
Administrator
USA
2856 Posts |
Posted - 12/15/2008 : 18:58:07
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| I don't take options into account. I'm just calling a date based on the chart. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 12/15/2008 : 19:09:25
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Anyone buying lately notice premiums are coming down?
Picked up 10th oz today and paid the same today as I did when spot was 760.
Now if I could get junk silver to come down, I would be a happy man. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 12/15/2008 : 22:42:46
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| Premiums have come down slightly here too. I think people are still liquidating to come up with quick cash for bills, so the supply side has loosened up some. I was at my favorite dealer the other day and noticed their tray of common Peace/Morgan dollars was as full as I had ever seen it. They had plenty of generic 1 oz silver rounds as well, where a month ago they were begging me to sell them some of what I had. The owner also told me that they had a good supply of 1/4 and 1/2 oz gold Eagles which was a first in months. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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misteroman
Administrator
USA
2565 Posts |
Posted - 12/16/2008 : 01:03:30
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| Boy I wish it would go back over $15 so I could sell a bunch of it.I refuse to sell at these prices.Then buy on the next dip again in a yr or so |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 12/16/2008 : 01:06:43
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| People are basically buying at 15 bucks an ounce. Some have a hard time getting it at that price. |
Trolling is an art. |
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n/a
deleted
42 Posts |
Posted - 12/16/2008 : 07:22:46
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| The price on junk silver has been equalizing to the comex price lately. Ebay is about 9-10x face today. Comex translates to 8x face. With the price of silver rising again you should be able to buy junk silver without a premium during a short window. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 12/16/2008 : 17:49:29
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| Still paid 9.6 yesterday. Considering what others are paying out there, its not horrible, but its not a fantastic deal either. |
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Silver and gold have turned up
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