Silver Broke The $30 Barrier

Dealers in my area refuse to sell when it goes too low. They were forced to restock at higher prices so they just sit on what they have. I can't blame them. Looks like Saturday will be spent at the LCS looking at high grade "junk" if I can find any.

it was told already!
wait till public rushes to the stores dumping their silver )))

here in Japan there is not so many buyers of silver: I keep tracking the auction here and know almost all big buyers, so when price drops, these buyers stop bidding and I can get metal way lower than spot. As of sellers ... well, it stays the same, no more no less ...

Silvers decline and its future price has nothing to do with numerology, that's rich lol

The pricing of silver will eventually come to stop at a point that has repeated before. Patterns and prices repeat, they always do and always will. So, numbers in terms of price are important.

What does this all mean? It means that there are price levels where sliver will turn into and find support. Does that mean that where it finally stops going down? No it does.t

This is why level by level will be important. The market will show clues and its behavior with previous price action will be key.

Now that we are seeing a downtrend, make sure you dont go head first thinking, "oh this is it, if I dont get some here I miss the dip"... because this will become an expensive proposition and you will be saying, "oh I wish I had waited".

I repeat myself again as I have many many times, what becomes cheap will become cheaper."

Yes, I guess you can never tell what will really happen. The best advice is I guess to buy when there are dips to the current prices as now. Below $30 again right now.

Denco, you ask, what is different....

I'll tell whats different. The market is ALWAYS forward looking. Right now going forward its saying loud and clear that prices are going down. The market is discounting the need for silver, which in this case I feel is more towards investment/hedging rather than industrial use.

What we know price was from the past, and while price has memory it doesn't mean that it stops at that point.

Below 30 is key, I think a slow grind to 25 is next. I also think a lot of folks are going to get murdered buying every dip and quietly they will wish they had waited before even starting to nibble/buy.

Goldmart is pushing very hard their Bison's on me, I been emailed to death by them. No way no how, I;ll buy a few for my collection but the whole roll I wont buy until there is plenty of murder in silver.

I am adding 40 ASE's to my mini hoard tonight at the local club meeting.

Here is a better one: "This is always the case, until it isn't."

Broke the $29 barrier this morning. I noticed some dealers are increasing markup to help recover from lower prices.

The next two weeks will be interesting if govt layoffs happen and automatic cuts hit. Between high gas (over $5 in California), return to old SS tax rate and furloughs we may see some lower prices yet.