Silver An Gold Is Startin To Move Up A Little Bit....

For sure, Hawk. Sometimes I think that people tend to read way too much into such terms. For me, saying that there is a support level at XX dollars only means that the average buyer would buy at or above that price and sell below it. That's all. Nothing Earth shaking about it and nothing carved in stone. Shrug.



My guess on that would be that these guys have a lot of ups and downs in their silver supply, so when they have quite a bit they sell for less than they would if they only had a little.

The 1st guy you mentioned sounds like quite an asset to a collector. I would be doing a lot of business with him and only a little with the other guys.

That's what I'm trying to do Ed, but as I'm sure you can imagine, with charging spot whatever he gets in, doesn't stay in very long.

The shop I visit is also in NJ uses spot plus 3 percent and .715 for junk. You know exactly what you will pay. I don't think I would deal with a shop that didn't. I called Goldline prior to finding a local shop and no one could give the collation! I supposedly spoke to a manager as well! Never called them back. Don't hear much on them here so doubt many use them

Silver and gold seem to be making good moves to the upside recently. These are not the rapid but unsustainable moves that we sometimes see in the PM business. These seem more like the slower and steadier moves that create the new base needed for much higher prices to follow. Whether they will or not is an open question at this point. It will be interesting to see what silver and gold prices are in the March-April time frame.

Speaking of gold... did you guys and gals see the APMEX sale on Canadian 1/2 oz. gold Maples? They are selling random year BU 1/2 oz. Maples for $860 a pop. Not at all bad. I may well be looking at picking up some of these.