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 Replies: 743 / Views: 51,993 |
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Pillar of the Community
United States
808 Posts |
Yeah, several of our regular posters have been absent lately. We're getting into the prime summer travel season for the northern hemisphere. Maybe folks are just getting away for a few days.
Edited by coinwatch
06/18/2012 12:01 pm
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Pillar of the Community
United States
2168 Posts |
Yes I was thinking maybe a vacation. I just hope all is well!
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Pillar of the Community
United States
808 Posts |
A quick check of the major online dealers appears to show commissions are rising despite the silver spot slowly dropping near $28. Goldmart seems to have some of the best silver deals right now on ASE's and SML's. Unfortunately, their cash payment processing time is slow as molasses. |
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Pillar of the Community
United States
593 Posts |
I was previously convinced we were in a free-fall to below $20, but now it seems the market wants to bounce around $28-$29 for a bit so I'm now buying. I was going to wait for sub-$25 but I no longer believe that will happen. Price has been flat for too long to maintain that belief, in my opinion. When will it go back up? Hopefully not soon. I have a few 90% items I want to purchase first!
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Pillar of the Community
United States
808 Posts |
Wow! Everything started dropping right around 11:30 AM CDT. Au is back in the high 1500s, Ag the high 27s, Pt and Pd too heading downward.
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Valued Member
United States
458 Posts |
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Pillar of the Community
United States
808 Posts |
Bloomberg just posted "Fed Expands Operation Twist By $267 Billion Through Year End."
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Pillar of the Community
United States
808 Posts |
Again, the PM market is not responding like you would think to such announcements. It's just so weird seeing buying opportunities when presented with bad news.  |
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Bedrock of the Community
United States
36841 Posts |
Gold below 1600 and silver under 28 this morning. But they both are fighting their way back up right now. Seems like a lot of support at $28 silver, $1600 gold. But with everything going on in the world right now, you would expect these metals to be twice what they are.
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Pillar of the Community
United States
2168 Posts |
I think a lot is due to manipulation. Good for those that want to buy real PM!
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Bedrock of the Community
United States
36841 Posts |
Current prices are a gift from the manipulators. I just keep buying and cost averaging.
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Pillar of the Community
United States
2168 Posts |
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Pillar of the Community
United States
593 Posts |
Woo Hoo! Picked up a Barber Half for my Type collection last night for 49 cents over melt! I like buying silver AND filling in holes!
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Pillar of the Community
1283 Posts |
Yep I am on vacation to but still buying. Bought 100 silver quarters the day before yesterday and a bunch of RCM last night. I am closing in on 2,500 oz but wish I was closing in on 5k at these prices. |
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Pillar of the Community
 United States
1454 Posts |
I figured it out. Every time Barry makes a big purchase, silver drops like a rock. Keep buying, Barry. With your help, we should be able to get down to $20 by late July.  |
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Replies: 743 / Views: 51,993 |
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Posted 06/18/2012 11:45 am
