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

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tpg22's Avatar
United States
919 Posts
 Posted 12/19/2012  09:44 am  Show Profile   Bookmark this reply Add tpg22 to your friends list Get a Link to this Reply
If only I hadn't thrown away all those Canadian pennies and nickels when I was a kid when they went for 70 cents on the dollar. I would have enough to buy several ounces.

I'm going to have to take a look at a Fuji Taku. I really like the size of a 5 oz puck over a regular bar.
Edited by tpg22
12/19/2012 10:59 am
Pillar of the Community
United States
3789 Posts
 Posted 12/19/2012  1:14 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
i am still a buyer of proof gold and silver coins, such as proof eagles both in silver and gold no matter where the price goes. :)
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 12/19/2012  4:46 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
The 31 dollar silver barrier is in serious jeopardy and it looks like 30 and change may be here before market close.....

The next question just like what you would ask at a limbo luau...."How low can she go?"

I think 28 per oz. is your bottom best buy window, calling it now....
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barryg's Avatar
United States
5862 Posts
 Posted 12/19/2012  5:17 pm  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
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...
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swrbxxx's Avatar
Canada
834 Posts
 Posted 12/19/2012  5:29 pm  Show Profile   Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
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
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tpg22's Avatar
United States
919 Posts
 Posted 12/19/2012  6:13 pm  Show Profile   Bookmark this reply Add tpg22 to your friends list Get a Link to this Reply
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.
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United States
3789 Posts
 Posted 12/19/2012  7:01 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
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
tgauchsin's Avatar
United States
344 Posts
 Posted 12/19/2012  7:45 pm  Show Profile   Bookmark this reply Add tgauchsin to your friends list Get a Link to this Reply
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
SDCrow's Avatar
United States
456 Posts
 Posted 12/20/2012  05:46 am  Show Profile   Bookmark this reply Add SDCrow to your friends list Get a Link to this Reply
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
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tpg22's Avatar
United States
919 Posts
 Posted 12/20/2012  08:46 am  Show Profile   Bookmark this reply Add tpg22 to your friends list Get a Link to this Reply
Silver down $0.34 to $30.67 this morning. Looking to move under $30. I'll be watching for that.
Valued Member
barriecarson's Avatar
Canada
370 Posts
 Posted 12/20/2012  10:38 am  Show Profile   Bookmark this reply Add barriecarson to your friends list Get a Link to this Reply
Spot price of silver in Canada is down to $29.56.
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tpg22's Avatar
United States
919 Posts
 Posted 12/20/2012  10:50 am  Show Profile   Bookmark this reply Add tpg22 to your friends list Get a Link to this Reply
Heading to the LCS to see what is available. That's about 10% move down from my buys last week.
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United States
3789 Posts
 Posted 12/20/2012  10:54 am  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
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.
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tpg22's Avatar
United States
919 Posts
 Posted 12/20/2012  12:58 pm  Show Profile   Bookmark this reply Add tpg22 to your friends list Get a Link to this Reply
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.
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United States
3789 Posts
 Posted 12/20/2012  1:09 pm  Show Profile   Bookmark this reply Add yup7676 to your friends list Get a Link to this Reply
haha yea ima waiting for everyones pics in the coming days lol
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