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Day 1 After The Fall Pm's Strong

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Author Previous TopicReplies: 7 / Views: 996Next Topic  
Pillar of the Community
mkfarm's Avatar
United States
667 Posts
 Posted 08/07/2011  10:08 pm Show Profile   Bookmark this topic Add mkfarm to your friends list Get a Link to this Message Number of Subscribers
It has only been the start of the day but the main PM's are doing well. Gold is up $45.50 and Silver is up $2.03. I expected that gold would have a nice jump and if it can hold that it will make many people happy today.

I can't say I expected Silver to move as much but it is early.

I was actually hoping Silver would do a JOE because I have been working on buying a large hoard of junk off of a friend. We might make the deal tomorrow if I can get him to sell. He was going to take it to a coin dealer but I offered him spot price on the silver which is more than the coin dealer will offer.

There is still time for a JOE on the Silver. This is one metal I think in the end will surprise everyone though it certainly will have some ups and down getting to my magic number.

JOE - My new name for any drop in the price of Silver.


Edited by mkfarm
08/07/2011 10:09 pm
Valued Member
United States
59 Posts
 Posted 08/07/2011  10:16 pm  Show Profile   Bookmark this reply Add 97guns to your friends list Get a Link to this Reply
i took a huge JOE this morning
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 08/07/2011  10:17 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
Good stuff, lol. I got nothin against ol Joe or anyone here, even though I enjoy razzin him a bit as well. Hey, he doesn't agree on silver being a good investment, that's just more for us that do in the end. The world is full of things to believe in, if it is not silver for you, that is your loss in the long run IMO....

I too would not mind a "Joe" in silver, so as to get some more, as I would like to get to at least 100 oz. before the year ends....
Edited by Silverhawk74
08/07/2011 10:31 pm
Valued Member
numismaniac's Avatar
United States
361 Posts
 Posted 08/07/2011  10:22 pm  Show Profile   Bookmark this reply Add numismaniac to your friends list Get a Link to this Reply
I would not be surprised if silver gets back to 40 in the next 2 or 3 days. If the market tanks due to the drop in credit rating of US I believe it could be at 43 or 44 by weeks end. Just my opinion, Bob
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throwbackid's Avatar
1283 Posts
 Posted 08/07/2011  10:26 pm  Show Profile   Bookmark this reply Add throwbackid to your friends list Get a Link to this Reply
I just crossed the triple digits last week so I hope silver takes a reverse Joe. I would probably dump it all at $50 an oz then pick it back up at $30 on its way down.
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mkfarm's Avatar
United States
667 Posts
 Posted 08/07/2011  10:42 pm  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
Isn't it funny how we all think. So let it take a JOE in price first then we can wait for the bump and sell.

The one thing about silver is that a $1.00 change in price can be very big depending on how much you have. I would suspect most small investors have far more silver than gold.





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allranger's Avatar
United States
1391 Posts
 Posted 08/08/2011  09:52 am  Show Profile   Bookmark this reply Add allranger to your friends list Get a Link to this Reply


Now that is just what a Monday morning needed!
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/08/2011  7:30 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
i took a huge JOE this morning - 97guns

I laughed at this until the tears just streamed!
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