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The Barryg Early Warning System Fails

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Ed_B's Avatar
United States
4008 Posts
 Posted 10/02/2012  8:37 pm Show Profile   Bookmark this topic Add Ed_B to your friends list Get a Link to this Message Number of Subscribers


OK, guys. I haven't bought ANY silver since early July, so was feeling the itch pretty badly. Unfortunately, I kept waiting for our good friend BarryG to write in to say that he had bought some silver and that a silver price crash was imminent. But, noooo... BarryG is nowhere to be seen or heard! What the heck? This canary only has REAL value to the group WHEN he is IN the coal mine and not off sitting on a beach somewhere. lol

Anyway, I put in an order with Provident today for 75 silver Maples, thanks to their $1.99 over spot offer. No, this is not about silver prices or where I think that they are going in the short term. This is just a dollar cost average buy to help create a solid silver bullion position.
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hockingzig's Avatar
United States
1450 Posts
 Posted 10/02/2012  9:48 pm  Show Profile   Bookmark this reply Add hockingzig to your friends list Get a Link to this Reply
Interesting Ed,I was just thinking the same thing and eying a nice 10 ounce bar from Silvertowne. I just may need to scratch that itch!
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 10/02/2012  10:18 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
I read that title and had to tilt my head sideways until it registered, rof....

Please Barry buy some silver and gold to, I need a quick market crash back to the mid 20's.....
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barryg's Avatar
United States
5850 Posts
 Posted 10/02/2012  10:41 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Sorry, but after silver went above $30 I've been forbidden by the wife to make any more significant purchases until it drops below $30 again (although I did buy a couple of rolls of dimes recently from a fellow CCF'er to feed the habit a bit).

I promise you though, that if and when silver drops below $30 again I will make more large purchases. After which you can be assured that the price will drop sharply even lower...
Edited by barryg
10/02/2012 10:41 pm
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basebal21's Avatar
13014 Posts
 Posted 10/02/2012  10:48 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I promise you though, that if and when silver drops below $30 again I will make more large purchases. After which you can be assured that the price will drop sharply even lower...


Ill start saving up
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Canadian-Banknotes's Avatar
Canada
4944 Posts
 Posted 10/02/2012  10:50 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list Get a Link to this Reply
I hope we hit $40's before the fall back to below $30 an ounce.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 10/02/2012  10:52 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Here is a hypothetical conversation between Buffet and the big wigs at Wall-street that may be occurring as we type.....

"Psssst, Blue-horse-shoe LOVES Annicote steel and Barry's wife has the clamp down on his gold and silver purchases until sub 30's, so buy all you can before it shoots through the roof!"
Edited by Silverhawk74
10/02/2012 10:54 pm
Pillar of the Community
United States
648 Posts
 Posted 10/02/2012  11:19 pm  Show Profile   Bookmark this reply Add tripncoins to your friends list Get a Link to this Reply
I hope we touch $30 or lower. Until then, I'm saving as much as possible & buying in small 10-20 oz batches to feed the stacking urge. This will be very interesting to see how Silver finishes out this year and beyond...2013 is only a quick few months away.
Edited by tripncoins
10/02/2012 11:20 pm
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colu41's Avatar
United States
376 Posts
 Posted 10/03/2012  11:44 am  Show Profile   Bookmark this reply Add colu41 to your friends list Get a Link to this Reply
Im sorry I'm not in tune with this conversation but. You seriously make big enough purchases to have a noticable impact on the market?

How much do you buy at a time?!?!
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barryg's Avatar
United States
5850 Posts
 Posted 10/03/2012  11:46 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply

Quote:
You seriously make big enough purchases to have a noticable impact on the market?

No, not seriously -- it just feels that way at times. In reality, I just have bad luck and a poor sense of market timing, so I always seem to buy just before the market drops sharply.

I can, however, affect the weather by washing my car...
Edited by barryg
10/03/2012 11:48 am
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colu41's Avatar
United States
376 Posts
 Posted 10/03/2012  12:23 pm  Show Profile   Bookmark this reply Add colu41 to your friends list Get a Link to this Reply
Lol I see. I havent bought in 2 weeks and I'm already getting jittery. Like silvers going to run out or something
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IndianGoldEagle's Avatar
United States
36724 Posts
 Posted 10/03/2012  2:52 pm  Show Profile   Bookmark this reply Add IndianGoldEagle to your friends list Get a Link to this Reply
It might be wishful thinking that silver will get back under $30 any time soon.
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Ed_B's Avatar
United States
4008 Posts
 Posted 10/03/2012  9:36 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Interesting Ed,I was just thinking the same thing and eying a nice 10 ounce bar from Silvertowne. I just may need to scratch that itch!

Indeed so, Hock. I can't see sitting on a pile of fiat, just waiting for it to melt away before my eyes when I can convert it into something that does not know what the words "inflation" or "QE" mean.


Quote:
Please Barry buy some silver and gold to, I need a quick market crash back to the mid 20's.....

Right on, Hawk. I waited as long as I could but then silver fever took me and I HAD to do something about it!


Quote:
Sorry, but after silver went above $30 I've been forbidden by the wife to make any more significant purchases until it drops below $30 again (although I did buy a couple of rolls of dimes recently from a fellow CCF'er to feed the habit a bit).

Lol, Barry. But at least you did get those dimes to ward off the worst of the withdrawal symptoms.


Quote:
Here is a hypothetical conversation between Buffet and the big wigs at Wall-street that may be occurring as we type.....

Lol, Hawk. Yeah, I can just see that happening. Sometimes, those guys come up with some really unusual "metrics" by which they look at the world. Hey, this is no stranger than most!


Quote:
This will be very interesting to see how Silver finishes out this year and beyond...2013 is only a quick few months away.

Indeed it will, Trip. In fact, 2013 is shaping up to be really interesting no matter what. This all seems to be part of that old Chinese curse, "May you live in interesting times".


Quote:
I can, however, affect the weather by washing my car...

Yep, me too... and the migratory paths of various bird flocks too!


Quote:
I havent bought in 2 weeks and I'm already getting jittery.

Yep, that's definitely silver fever. I recognize the symptoms immediately.
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mkfarm's Avatar
United States
667 Posts
 Posted 10/04/2012  12:23 am  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
For the fist time in 40 years I am going to go cautious on my buying. This will be a first since I buy every week. More or less I am on hold aft6er tonight something tells me something f=good may be coming. I want to see how this goes over the course of this yer.
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tgauchsin's Avatar
United States
344 Posts
 Posted 10/04/2012  07:44 am  Show Profile   Bookmark this reply Add tgauchsin to your friends list Get a Link to this Reply
I suppose this latest jump has to do with QE3. With the elections coming up, who knows which direction prices will go.

Isn't there a usually a winter dip in prices?
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basebal21's Avatar
13014 Posts
 Posted 10/04/2012  12:32 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
Isn't there a usually a winter dip in prices?


I believe so, but with the election and the 2012 craze probably not till jan or feb this time around. Maybe after the election till 2012 fear kicks back in
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