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Uggh Bad Day For Ebay

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Pillar of the Community
kenscott's Avatar
United States
787 Posts
 Posted 11/08/2011  11:16 pm  Show Profile   Bookmark this reply Add kenscott to your friends list Get a Link to this Reply
Actually, there are a few things in the air that will be driving the price.

1.) In my opinion, the recent move by the CTC and the limits on futures has added
some confidence back into the silver market. Many felt it was all too obvious that
it was being manipulated by the cartel.

2.) Late last month a lot of commercials covered a large portion of their short positions.
This is often taken as a sign that the commercials think a bottom has been reached.

3.) Some are thinking a European default will move a large portion of investors back towards
Treasuries, gold, and silver.

4.) Sources are now saying there is going to be a squeeze on silver and that the prices will
really start to move this month. Some are saying the upper $40s by the end of the month with
$60 to $70 by the end of the year. If so, the commercials have covered and are ready for the ride.

Finally, the fact that the price has increased and is continuing to show strength just tends to
add to these other four points whether they are actually valid or just perceived.

As for me, I was able to pick up 48 Liberty Half Dollars and 13 Kennedys (40%) for $500 today.

There are around 36 Kennedys (40%) I am hoping to pick up around $3 a piece.

Normally, I sell if the market is up after a buy like this but this time I think I am actually going
to hold and add through the end of the month.

A storm is brewing and I hope to hoist my sales for the furthest distance.

Kenscott
Pillar of the Community
timsumrall's Avatar
United States
1256 Posts
 Posted 11/09/2011  12:07 am  Show Profile   Bookmark this reply Add timsumrall to your friends list Get a Link to this Reply
All my silver was free so I looking at a nice return. $70 ? Gads! I might sell. Get me some pennies :)
Valued Member
mariospaghetti's Avatar
United States
421 Posts
 Posted 11/12/2011  1:16 pm  Show Profile   Bookmark this reply Add mariospaghetti to your friends list Get a Link to this Reply
I too amazed! Not only on e-bay but at my local bi-weekly auctions I go to. It is like cool I will bid a little lower than melt trying to score run of the mill silver coinage. Then some dude with too much money and not enough brains bids them to way over melt. I sit there with my finance and I am like well now thats going to take a good bit of time and luck to get his money back. ( Laughing under my breath).
Valued Member
yuengling101's Avatar
United States
232 Posts
 Posted 11/18/2011  09:54 am  Show Profile   Bookmark this reply Add yuengling101 to your friends list Get a Link to this Reply
Since yesterdays drop in PM's I figured I would be able to pick up some 90% at decent prices off ebay, wow I was wrong. Even with the drop people are still winning bids as if silver was at 34-35 dollars, this just makes no sense to me.
Valued Member
CowboyB's Avatar
United States
110 Posts
 Posted 11/18/2011  7:04 pm  Show Profile   Bookmark this reply Add CowboyB to your friends list Get a Link to this Reply
It has been nutso on ebay this last week but at 5AM this morning I did pick up some ASE's at a buck over melt on a bid from that "power seller". They are back up now to 3-5 over.
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