What Happens To Gold And Silver Next? Look Out Below?

Who knows? People are paying right now $28-$30 for SAE and flying off the shelves.
For sure sellers with silver inventory they paid $27, they're not going to sell under
that, to be sure. Until they restock at the new and lower price, it won't go down.

wjl and the point of that post was what to be counter productive? For someone so successful you have a lot of misunderstandings about the US economy and have basically just said you hate it here and cant wait to leave so




Agreed impossible to know for sure. The only way itll go down before a complete turn over would be enough people to not buy. I know of a couple sites that are selling in the 28 range though they dont take backorders so it goes fast. I dont think any of us are surprised though that dealers have been stubborn with prices when their inventory lost over 20% in two days.

As long as we dont get wild swings they should adjust. The worst thing that could happen would be those huge drops, a recovery huge drop roller coaster where theyll just keep everything at the highest price the whole time

The point is very simple. I'm sure many or at least some of you have been at this a while. Some may have 5 dollar silver they are sitting on. So what do you really risk by making an incremental purchase after a 4+ std deviation event? Answer is not much. Probably a lot less than this vacation costs me, and certainly less than before. But everything is relative. If you dont have risk capital then this market is not for you in the first place. Everything carries risks and sometimes their is risk in safety.

I tend to think that most of the people posting on this thread are purely Mom and Pop type investors that the brokers and the like take advantage of all the time.
They are simply trying to protect their retirement equity and not buying and selling on a daily basis.
These guys are putting their money where their mouth is by buying Physical silver and the ratbags dealing in paper silver are destroying their investments for their own advantage without actually buying the metal in the first place and reaping IMHO undeserved and unethical benefits from their pain.
On wall st the silver price is about $23 odd per oz but in reality you are struggling to buy the actual item in your hand for $30 per oz .
I got out of this game a while ago simply because I felt that the entire market is dishonest to the bone.
I do however still have a few kg's of silver that I can touch and look at but I am buggered if I will let some manipulator or whatever tell ME what my metal is worth

Exactly. Many are buying as a store of $$ not for a quick flip. I had some coins saved from the 1960s and didn't get rid of them in the 1980 rage. That's why I don't worry when PM decrease. If they decrease that should mean our whole economy is better. If they increase and increase trouble for the economy but then I habve the PM as a safety net

I will also add that if you divide 1900 by 64.3 (two kilo silver bars) you will see this is $29.54 per oz.. Now then to risk that chunk of change at nearly 30 per oz. after a huge drop and teetering on the edge of fall....

I told guy, hey in seven days when you can pay if market takes huge hit I will let you back out and toss them in the safe and if it recovers I will STILL let you have them at 1900. Who does that, not many?

He replies, oh no done deal at 1900 and if the market crashes more as I expect it will before recovery that means nothing to me as I am looking for LONG TERM investment. Not worried at all thanks again....

Now then that is the real world, real market, real trading and just ONE view or opinion on things and as we all know all our opinions vary and change like the finger prints on the tips of our fingers....

Right now, in Central Ohio, 90% goes for spot plus 20%. Eagles are averaging about $28, with a few dealers still holding strong at $32. But note that for every eagle sold at $32, ten are being sold at $28.

As a dealer, I am seeing way more people selling than buying. There are a lot of people that are positive we are seeing the bubble bursting ( in slow motion) before their eyes; and want to sell before it crashes for good. So; now I, and everyone else are buying at $21/oz. If the current pricing stays around $23 then I see eagles down to $26 by the end of the month, and 90% at 19 times face.

I think once the panic physicals die down we might see a further down range; as the physical buying is credited with driving the spot price up; even though the physical market; ie bullion and jewelry, account for only 15% of the market.

Sounds like the divergance cultural differences OH vs NJ. Anyone want to chime in from CA? TX?