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So Anyone Else Thinking Of Stocking Up This Weekend.

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Namachieli's Avatar
United States
2120 Posts
 Posted 07/02/2010  1:08 pm Show Profile   Bookmark this topic Add Namachieli to your friends list Get a Link to this Message Number of Subscribers
Silver peaked at $19.19/oz this week.

If the trends of the last few days continue we may have a decent low point compared to the last few months in Silver prices. Right now silver is sitting at $17.77/oz. a small increase from yesterdays closing of $17.76/oz. Now chances are it will peak at just over $18/oz for closing today, but with only 4 hours to go its hard to know.

If it closes anywhere south of $17.50/oz you can bet I'm gonna be buying some silver bars and hoping for a quick jump and turn around.

Either way though... this is definitely a time to "hold em" not "fold em."
Edited by Namachieli
07/02/2010 1:10 pm
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Kabiye_Lady's Avatar
United States
581 Posts
 Posted 07/02/2010  1:37 pm  Show Profile   Bookmark this reply Add Kabiye_Lady to your friends list Get a Link to this Reply
This is a potential opportunity. Not sure though about making any kind of real money by buying at %17.xx and selling at say, $19. Too many fees, headaches, fees and uncertainity to make it worthwhile unless you're talking about hundreds of ounces.
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Namachieli's Avatar
United States
2120 Posts
 Posted 07/02/2010  2:07 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
could be. Either way, its a weekend to buy imo.
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nod2003's Avatar
United States
3294 Posts
 Posted 07/02/2010  2:12 pm  Show Profile   Bookmark this reply Add nod2003 to your friends list Get a Link to this Reply
I am definitely going to the coin store to grab some 90% coins while it is low.
Valued Member
Curio Bill's Avatar
United States
52 Posts
 Posted 07/02/2010  2:25 pm  Show Profile   Bookmark this reply Add Curio Bill to your friends list Get a Link to this Reply
There is only one way for it to go (and I'll tell you which way on the following Monday)
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Namachieli's Avatar
United States
2120 Posts
 Posted 07/02/2010  5:57 pm  Show Profile   Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
Haha yea. But my guess it will be headed up, cause EVERYONE will buy buying this weekend. Might even spike over $20 by tuesday. Unlikely... but possible.
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stacksilver79's Avatar
United States
60 Posts
 Posted 07/02/2010  6:22 pm  Show Profile   Bookmark this reply Add stacksilver79 to your friends list Get a Link to this Reply
$20 by this Tuesday is very doubtful IMO. There seems to be strong resistance at $19. But due to silver's volatile nature, heck you never know!

I would be a big buyer at anything less than $18 spot. It's a steal!
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