| Author |
 Replies: 14 / Views: 1,852 |
|
|
Pillar of the Community
United States
589 Posts |
Silver is now up for the last 2 days. This might be premature but is the end of the down turn in silver prices?
|
|
|
|
Pillar of the Community
United States
8137 Posts |
I hope so. I have lots of junk silver from CRH that I would like to sell.
|
|
Pillar of the Community
United States
677 Posts |
I hope not. There's lots of silver coins I'd like to buy.  |
|
Pillar of the Community
United States
604 Posts |
Quote:
I hope not. There's lots of silver coins I'd like to buy.  |
|
Pillar of the Community
United States
824 Posts |
|
|
Pillar of the Community
United States
1796 Posts |
It's always premature to speculate upon precious metals.*Cough....* Sorry that came out a bit loud. 
|
|
Pillar of the Community
United States
1653 Posts |
Two days does not a trend make.
|
|
Pillar of the Community
 United States
589 Posts |
I agree that I want it to stay low or go lower for I just started a over a month ago stacking junk silver and ASE's. |
|
Pillar of the Community
United States
589 Posts |
A little while ago here, silver hit the $17.20's, before plunging back down to the $15.70's a couple weeks later. Silver and gold are projected to have a hard time the first half of 2015. This article ( http://www.kitco.com/news/2015-01-0...uary-06.html) explains it a little bit: "often the first move of the New Year is the wrong move," he says. He adds ... that investors should wait to determine gold true direction." |
|
Pillar of the Community
 Canada
5392 Posts |
The elevator still has a lonnnnnnnnnnnnnnnnnnngggggggggggggggg way to go to the bottom floor . Personally I think $10 silver is a very distinct possibility.
|
|
Pillar of the Community
United States
677 Posts |
Related to Hutch's comment about stacking ASE's: What is the floor on bullion ASE's? At what price point do they stop dropping with silver prices? |
|
Pillar of the Community
United States
1653 Posts |
Quote:What is the floor on bullion ASE's? At what price point do they stop dropping with silver prices? Novelty bullion is just bullion. If silver goes to $10, why should some designs be treated as anything but bullion? I expect slabbed ASEs to crash, even if they're labeled MS99 First Strike Wicked Early Release Triple Reverse Extra Deep Burnished Cameos. They're all nothing more than mass produced novelty bullion. |
|
Valued Member
Ireland
131 Posts |
Quote:
Silver is now up for the last 2 days. This might be premature but is the end of the down turn in silver prices? It's possible but also possible it's not. If it does happen to be then I'm sure we'll get all the confirmation we need - probably have to wait another six months to a year for it though :) Norm |
|
Pillar of the Community
United States
677 Posts |
Quote:
If silver goes to $10, why should some designs be treated as anything but bullion? Three reasons: 1. Because they still cost the US Mint a certain amount to produce. They aren't JUST bullion, they are coins. 2. They are coins that many people collect. So there is also a desirability premium attached to them as well. 3. No matter how far silver drops, everyone "knows" it will rebound. Add those three factors up and you get some "magic" number that the majority of collectors will be willing to pay for them regardless of silver's current spot price. Just my 2 cents. Or maybe 3 cents.  |
|
Pillar of the Community
United States
711 Posts |
Classic case of Premature Speculation.
Fortunately Pfizer is coming out with a pill for that.
|
| |
Replies: 14 / Views: 1,852 |
|
Posted 01/06/2015 11:05 am
