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Todays Market Thought- Gold And Silver 12/18/12

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Pillar of the Community
United States
5862 Posts
 Posted 12/19/2012  5:17 pm  Show Profile   Bookmark this reply Add barryg to your friends list
I'm still waiting for it to go below $30 before any large purchases, but I might consider another 100-ounce bar if it hits and stays below $31 this evening...
Pillar of the Community
Canada
834 Posts
 Posted 12/19/2012  5:29 pm  Show Profile   Bookmark this reply Add swrbxxx to your friends list
well there you go barry, $30.98
let me know if you make your purchase
so I can buy tomorrow when its $29.00 lol
Pillar of the Community
United States
919 Posts
 Posted 12/19/2012  6:13 pm  Show Profile   Bookmark this reply Add tpg22 to your friends list
Well Silverhawk I hope you are right. With premiums $28 an oz would put a roll of ASE's at $600. That is better then $725 from just a few weeks ago. It would also put a roll of 5 oz ATB in play.
Pillar of the Community
United States
3789 Posts
 Posted 12/19/2012  7:01 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list
well if had to predict prices..and I hate to do so.....

but I am looking to get short silver via shorting AGQ. I was going to short gold yesterday but my book is too full right now. (btw gold triggered but was a short)

the most I can say from today,, is either we bounce soon (talking silver here)_ or we are going lower and testing lower levels.

but hey either way ima happy lol. as far as physical silver man so tempted on getting some 2013 pandas from a reputable dealer lol.. darn animals lol

and again, disclaimer- the market is and has the final say. I have no bias, EXCEPT I like collecting coins lol but I will sell short PMs, and buy them etc. I am NEITHER a gold bug/bull/bear.. I HATE those silly expressions and names. when it comes to the metals I am looking for a sustained trend that I can bank coin on.

As far as coins, I am biased as a collector and enjoy the beauty of proof and bullion coins.
Valued Member
United States
344 Posts
 Posted 12/19/2012  7:45 pm  Show Profile   Bookmark this reply Add tgauchsin to your friends list
I'm planning on making a sizable - for me - silver purchase tomorrow. If history repeats itself, it will take a nose dive on Friday.

Then again if it does I could always make another purchase next week.
Valued Member
United States
456 Posts
 Posted 12/20/2012  05:46 am  Show Profile   Bookmark this reply Add SDCrow to your friends list
I couldn't resist any longer. Today I cashed out my credit card rewards and once silver hit $31.00 I ordered a "free" roll of 2012 Cougars from Provident.
Edited by SDCrow
12/20/2012 05:47 am
Pillar of the Community
United States
919 Posts
 Posted 12/20/2012  08:46 am  Show Profile   Bookmark this reply Add tpg22 to your friends list
Silver down $0.34 to $30.67 this morning. Looking to move under $30. I'll be watching for that.
Valued Member
Canada
370 Posts
 Posted 12/20/2012  10:38 am  Show Profile   Bookmark this reply Add barriecarson to your friends list
Spot price of silver in Canada is down to $29.56.
Pillar of the Community
United States
919 Posts
 Posted 12/20/2012  10:50 am  Show Profile   Bookmark this reply Add tpg22 to your friends list
Heading to the LCS to see what is available. That's about 10% move down from my buys last week.
Pillar of the Community
United States
3789 Posts
 Posted 12/20/2012  10:54 am  Show Profile   Bookmark this reply Add yup7676 to your friends list
yea if your gonna buy, nibble a little today. because this move has been violent and nasty I think we get some more flush tomorrow so if you can be patient and wait I think you;ll get even a better price tomorrow

supports going to be hit but what happens at that point, well it can do a bunch of things.

anyways, again, best to just nibble today just so you arent beating yourself that you blow a big wad just because you thought you couldnt get it cheaper.
Pillar of the Community
United States
919 Posts
 Posted 12/20/2012  12:58 pm  Show Profile   Bookmark this reply Add tpg22 to your friends list
FYI for buyers today. Your prices are good. I'm waiting for a lower price so from past experience there is a good chance nothing lower will happen (you might even see a quick $2 move up in the next few days). I'm taking one for the team. Enjoy your new items and I will look at the pictures.
Pillar of the Community
United States
3789 Posts
 Posted 12/20/2012  1:09 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list
haha yea ima waiting for everyones pics in the coming days lol
Valued Member
United States
344 Posts
 Posted 12/20/2012  1:40 pm  Show Profile   Bookmark this reply Add tgauchsin to your friends list
I'll be headed to the LCS today after work to see if they have any left. Last time PMs took a hit like this, people were waiting for them to open and bought everything out.
Pillar of the Community
United States
919 Posts
 Posted 12/20/2012  2:07 pm  Show Profile   Bookmark this reply Add tpg22 to your friends list
Platinum was down almost $50 an oz today. Anyone active in that arena? I almost bought a 1 oz coin back when it was just under $1400 at the end of summer. We seem to be headed back there.
Pillar of the Community
United States
2764 Posts
 Posted 12/20/2012  11:41 pm  Show Profile   Bookmark this reply Add SA4H to your friends list
Asian Market currently open:
Silver is at $29.68
Gold $1642
Platinum $1555

Where's the support?
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