Pm Is On The Rise, Are You Buying, What's Your Price Target?

i wish I bought when it dipped all the way to 28. Unfortunately I was fresh out of powder.

My DCA after prems and shipping is roughly around 38ish, not including some high priced numis coins.

Although not looking for a price target, I am looking for a GSR target of 25:1 to trade in some silver for gold.

Today was an interesting day in the markets. Not only were the European and US stock markets significantly higher today but PMs were up as well. On most days, PMs and stocks do not move in tandem like this. Not sure what this means... lower dollar? Heard a lot of comments about people looking to short the Euro, thinking that it is getting ahead of itself. Yes, they are making some progress on their Greek debt and bank refinancing but they still have quite a way to go before they are completely out of the woods.

I bought 100 Canadian Maple leaf coins about 10 days ago. Paid for them with a good-as-gold check but haven't received them yet... might get them in another 4-5 days. Bank account shows the check as cashed, though, so the process is in motion. Silver is up significantly compared to the price of these coins, which is nice.

I was in at 30 and out at 34.xx. Only bought/sold a small amount - $15 face value. But, this paid for some nice later date wheat cents that arrived today.

Because banks all around the world have "relationships" with other banks. It isn't just the European banks who are on the hook for the massive debt of the PIIGS. US banks will also bear some of those costs, although it probably varies widely by bank.

Also, no one knew what the losses would be for the Greek debt. If you don't know what your losses will be, the tendency is to expect the worst of a bad situation. That would be a 100% loss in the value of any Greek debt they were holding. Apparently, they are now settling for something in the area of 50% loss. That's pretty bad but at least it is now known and is not as bad as it could have been. This is what the US should have done with their banks in 2008 and not back-stopped them at 100 cents on the dollar. It was the banks who caused a lot of the financial problems with which we are still struggling. They should bear most, if not all, of the loss of capital that their incompetent operations caused.