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 Replies: 114 / Views: 16,611 |
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Valued Member
United States
170 Posts |
I like the new prices as I been trying to buy back in to silver.. from a buyers stand point it looks good but as a seller (depending price of buy in) not so good ..
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Pillar of the Community
United States
602 Posts |
Spot at 3/28/15, 8:15pm CT
Silver: $16.98
Gold: $1198.30
The more silver you have/want to buy, the more what spot is at the time matters.
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Valued Member
United States
170 Posts |
AMPEX was offering $1.29 over spot on 10oz bar with free shipping which was $182 .. Scottsdale was $181 on a 10oz bar with free shipping..
I bought the Scottsdale bar..
Edited by Gold4Ever
03/28/2015 10:32 pm
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Pillar of the Community
United States
6478 Posts |
Strange. Silver is still $17.   |
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Pillar of the Community
United States
606 Posts |
Silver seems to be meeting expectations of companies that projected 2015 prices. In the past, some have been very accurate.
I am hoping it stays under the 100 year moving average (around $18 based on my calculations) as I don't buy over the moving average.
Where do you see silver going over the next 9 months?
It's realize it's kinda like the weather, the weather decides. However, it is fun to make projections/forecasts.
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Pillar of the Community
 United States
586 Posts |
@MontanaCMR,
After studying last weekly COT report, I feel that the short-squeeze might last for a while; which means gold will be above 1200 for two or three weeks.
It takes some time for Commercials to rebuild their short position; since their shorts are a little low right now. This explains why online dealers are promoting specials hard, because without enough short position, they lost the hedge to their inventories. So maybe two or three weeks later, gold will resume downtrend; and this one will last for several MONTHS! Look below 1100 by Thanksgiving. Take a look at last year's gold price action between June and Nov, you will understand my prediction better.
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Pillar of the Community
United States
606 Posts |
@Leon,
Thanks for the thoughtful response.
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Pillar of the Community
Canada
2019 Posts |
I don't see $14 silver ? Whats going on. Where are all the experts?  |
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Pillar of the Community
United States
586 Posts |
April Fool turned out to be a pop-and-drop.
I am waiting for 1,085 in the coming months.
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Pillar of the Community
United States
4333 Posts |
Quote:
pril Fool turned out to be a pop-and-drop.
I am waiting for 1,085 in the coming months. Hey I'd be happy with $25! When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
586 Posts |
Latest weekly gold COT report showed Commercials have been increasing short contracts and reducing long contracts, both aggressively. My experience tells that Commercials are setting up a prolonged price slump for gold and silver.
It takes time for Commercials to build up their short positions. In the following weeks, gold will consolidate above 1200; which will serve two purposes: one is for Commercials to keep shorting gold at a good price; the other is to buy some time for bullion dealers to reduce their physical inventories before the price slump starts.
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Bedrock of the Community
 United States
12851 Posts |
So... what would you call the past 3 years? If not a slump then what's a slump going to be? $10 silver that languishes there for a few years?
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Pillar of the Community
United States
586 Posts |
Past weekly COT report showed Large and Small speculators added some short position against gold. Since the report only included data before Tuesday, the rest of last week we immediately saw gold price popping above 1,200. It is very easy to understand the price movement. Commercials WANT to short gold; but they DON'T WANT anyone else to follow them.
The week after next will be the scheduled FOMC meeting. Commercials might knock the gold price down before the meeting; not giving any chance for Speculators to short the gold.
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Pillar of the Community
United States
586 Posts |
Commercials hit the gold and silver hard today; as expected.
The first target of smackdown for gold, is about 1180; let's see.
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Pillar of the Community
United States
8137 Posts |
It looks like $14 silver may be closer than we think. Silver is at the $15.90 level at the time I am writing this.
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Replies: 114 / Views: 16,611 |
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Posted 03/28/2015 8:34 pm
