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 Replies: 100 / Views: 8,046 |
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Pillar of the Community
United States
505 Posts |
EOM
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Pillar of the Community
 United States
505 Posts |
Make that 5.00..The asians are dumping for some reason!!
Edited by Frazzle
05/01/2011 6:39 pm
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Pillar of the Community
United States
1450 Posts |
Just a correction/consolidation. Get ready to buy.
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Valued Member
United States
463 Posts |
danm, I just got home and I checked before I signed on here. Should of waited before I bought somethings yesterday, 5 dollars in one day is alot but other pms are still going strong tho
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Valued Member
United States
384 Posts |
Down 10% from NY close. That's at least a correction.
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Valued Member
United States
152 Posts |
^ I'm with bryan man I just bought a Kookaburra coin too damnnn |
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Pillar of the Community
United States
4008 Posts |
Maybe it is some Asian banks that are dumping? Hard to say this early. Will be interesting to see what happens when Europe and USA exchanges open tomorrow morning. They could follow Hong Kong's lead or they could add support to the price, bringing it back up to the $45/oz. area. There seems to be pretty decent price support in the US for $45 silver. Could be a buying opportunity tomorrow.
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Pillar of the Community
United States
505 Posts |
I agree that silver needs to take a breather..and then back up for a while
In the meantime,maybe we can get some cheaper silver..but dont count on it
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Pillar of the Community
United States
2049 Posts |
The price going down may not mean much at your local dealer. They could very well up their premiums on purchases because demand may be strong with this correction.
I'm holding on to my silver with a death grip...lol.
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Bedrock of the Community
United States
10982 Posts |
Remember last Sunday night when it went up $5 in a few hours? At the close of that day it was up about $1.
There was a lot of resistance at $50 and this week we may find out how much support there is at $40. My hunch is there will be a lot of support around the $40 mark.
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Pillar of the Community
United States
931 Posts |
I would love a big fat buying opportunity. The fundamentals haven't changed in two days. Let them sell. Let them sell it to ME.
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Pillar of the Community
United States
1450 Posts |
Don't panic guys! That is the reason you accumulate over time and hold. It doesn't matter what you pay for it as long as you can sell higher later. Cost average acquisition and a reasonable exit strategy. Don't be greedy but don't run scared either. If you try to time market dips and gains you will make yourself crazy. As I said the other day a 20% correction could take us down to $40/oz. That is okay,buy before it goes back up. Those of you new to PM investing,welcome to the white knuckle roller coaster. Enjoy,but don't panic. The fundamentals are still sound.
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Valued Member
United States
71 Posts |
Anyone jumping in to buy or maybe waiting until tomorrow to see what happens?
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Pillar of the Community
1283 Posts |
I will buy a 10 oz bar tm if this holds
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Valued Member
United States
384 Posts |
Looks like it's happening on very low volume. Many of the Asian and European Markets are closed for holiday. Could be a few people manipulating the prices on such a low volume day.
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Valued Member
United States
71 Posts |
Just went over to Northwest Territorial to check their prices and they are still selling for $51.98 for bullion rounds. Never tried to buy from them on a Sunday night...I'm guessing they must be closed which is why we don't see a change in their pricing.
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Replies: 100 / Views: 8,046 |
Posted 05/01/2011 6:55 pm
