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Silver Is Breaking Out

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Author Previous TopicReplies: 14 / Views: 1,391Next Topic  
Pillar of the Community
GoThunder's Avatar
United States
830 Posts
 Posted 08/03/2011  10:06 am Show Profile   Bookmark this topic Add GoThunder to your friends list Get a Link to this Message Number of Subscribers
It just surged up above the July high, highest its been since early May. $41.63/oz last I saw.

Valued Member
numismaniac's Avatar
United States
361 Posts
 Posted 08/03/2011  10:14 am  Show Profile   Bookmark this reply Add numismaniac to your friends list Get a Link to this Reply
Wonder if it will make a run at $50 or settle back somewhere in the low 30s.
Pillar of the Community
GoThunder's Avatar
United States
830 Posts
 Posted 08/03/2011  10:47 am  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
My money is on higher, much higher.
Pillar of the Community
macmercury's Avatar
United States
5837 Posts
 Posted 08/03/2011  10:51 am  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I was thinking that it will hit in the low $41 by end of the week. It just to show you that you can't predict what the market does, and glad that my SLV has gone above 25% profit.
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GoThunder's Avatar
United States
830 Posts
 Posted 08/03/2011  12:28 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
$41.93/oz last I saw
Pillar of the Community
United States
1026 Posts
 Posted 08/03/2011  12:33 pm  Show Profile   Bookmark this reply Add Brucec to your friends list Get a Link to this Reply
CRAP wanted it to go back into 30 something to get more may have to pay in the $40 now but I think it may have another fall before it takes off again but then I have been thinking that and it has not moved back much who knows.
Pillar of the Community
GoThunder's Avatar
United States
830 Posts
 Posted 08/03/2011  12:37 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
$42 now
Valued Member
United States
59 Posts
 Posted 08/03/2011  12:44 pm  Show Profile   Bookmark this reply Add 97guns to your friends list Get a Link to this Reply
i wish I had more
Pillar of the Community
GoThunder's Avatar
United States
830 Posts
 Posted 08/03/2011  12:50 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
Guns you have your fair share.
Valued Member
United States
59 Posts
 Posted 08/03/2011  12:53 pm  Show Profile   Bookmark this reply Add 97guns to your friends list Get a Link to this Reply
im greedy
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 08/03/2011  6:49 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
97guns may have more gold an silver than some small country's, lol....
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/03/2011  8:14 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Wonder if it will make a run at $50 or settle back somewhere in the low 30s.

The short answer would be, "Yes". It is possible that it will do both... challenge the $50 mark and then fall back to a lower price. No one knows, of course, so we all have to struggle with what we will do. I plan to continue buying silver here and there as I can. Picking up even 5-10 ozs. each month adds up over time. Price up? Price down? Not really a concern for me. I just want to build my stash over the next couple of years. Hopefully, I will be able to do that at somewhat reasonable prices.
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GoThunder's Avatar
United States
830 Posts
 Posted 08/03/2011  9:14 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply
I added a little down side protection near the high today. I bought 5 contracts of SLV Aug 20 expiration puts at the 38 strike for 45 cents. Total at risk for the trade is $225.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 10/15/2011  6:26 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
How did your slv pan out?
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Ed_B's Avatar
United States
4008 Posts
 Posted 10/16/2011  8:18 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
How did your slv pan out?

Yes, I would like to know about that as well.
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