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 Replies: 114 / Views: 16,598 |
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Pillar of the Community
United States
4333 Posts |
I'm gonna rush to wait!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
110 Posts |
You are correct leon. I've only been paying attention to the gold and silver Markets since 2012, but they do seem to take a plunge in May.
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Pillar of the Community
 United States
586 Posts |
Gold is close to 1170 now. Now you know why APMEX was selling gold at spot? |
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Valued Member
United States
110 Posts |
You were pretty instantly correct this time leon! Will they continue to offer it at spot if the price continues to drop the next few days/weeks/months?
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Pillar of the Community
United States
586 Posts |
@realmoney,
I believe gold will break the previous low of 1130. Silver will follow gold as well, below 15.
According to latest futures report, Commercial Traders are still sitting huge amount of short contracts against gold.
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Pillar of the Community
United States
586 Posts |
Hopefully this week's FOMC meeting will bring silver below $15. I believe silver will hit low $14s in the following week or two; then my $17 ASE will come true. |
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Pillar of the Community
United States
589 Posts |
Well Leon as of today you got your $ 17.00 ASE but its at spot rate not spot plus premium. |
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Bedrock of the Community
 United States
12845 Posts |
I think a lot of us were waiting for sub-$15 to pull the trigger on silver purchases. Oh well.
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Pillar of the Community
United States
1068 Posts |
Quote:
I think a lot of us were waiting for sub-$15 to pull the trigger on silver purchases. Oh well. IMO, I would be stunned if it gets below $15... Seems like when it is going to touch sub $15 it shoots up like a rocket... Kinda like gasoline, goes down 20 cents and then shoots up 30 to 50 cents... |
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Pillar of the Community
United States
586 Posts |
I only got 20 rounds when silver hit $15.32 two weeks ago. Didn't buy much; since I was waiting for $14.
Gold and Silver miner stocks were hit hard today; let's hope for some lower price ahead since miners usually lead metals.
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Valued Member
United States
56 Posts |
My magic number is $20.00. With a buying addiction like mine, I can't look at silver below $20 and pass on it. I can't see the sense in waiting days and weeks for the price to drop when every fiber in my body is yelling, "Buy, Buy, Buy !
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Pillar of the Community
United States
606 Posts |
for the amount most of us collect, the difference between spot price at $15 and spot price at $16 isn't worth worrying about.
Either both prices are great long term or both are a waste of time.
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Pillar of the Community
United States
3540 Posts |
I bought some 90% last Tuesday evening (10 days ago). :)
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Pillar of the Community
United States
589 Posts |
Quote:
I think a lot of us were waiting for sub-$15 to pull the trigger on silver purchases. Oh well. Wanted to make a nice (large) short-term purchase of bullion, buy at (including premium) <$16 per ounce, sell at >$18 per ounce. It hit the sub $16 for a while, but I foolishly thought to wait, thinking I could get <$15.50 instead of just a few cents under $16. Could have been $100+ richer right now. Ah, well. Maybe next time, right? I mean, there's gotta be another massive drop before the steady correction upwards cycle begins again, right? Right? (Hoping against all hope there'll be a couple more of massive drops and okay rises before the big rise) |
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Bedrock of the Community
United States
12845 Posts |
Quote:
Hoping against all hope there'll be a couple more of massive drops and okay rises before the big rise. I don't disagree but it doesn't really matter as long as we're sensibly buying on the uptick.  |
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Replies: 114 / Views: 16,598 |
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Posted 03/05/2015 9:44 pm
