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Silver - $27 going to Zero! Call your boss..beg for job back

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.
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Re: Silver Was $25 now $23....heading to $22

Postby wolvesdad » Mon Apr 15, 2013 12:14 pm

I did research on gold mart cause their price on 100oz Engelhard is Sooooo tempting, but I'm scared, read this thread: last two pages very recent:
http://www.pmbug.com/forum/f8/goldmart-268/
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Re: Silver Was $25 now $23....heading to $22

Postby Rodebaugh » Mon Apr 15, 2013 12:22 pm

wolvesdad wrote:I did research on gold mart cause their price on 100oz Engelhard is Sooooo tempting, but I'm scared, read this thread: last two pages very recent:
http://www.pmbug.com/forum/f8/goldmart-268/


Yuck, that's disappointing. Thanks for the link.
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Re: Silver Was $25 now $23....heading to $22

Postby pennypicker » Mon Apr 15, 2013 12:23 pm

NDFarmer wrote:For you chart guys where is the next level of major support? Around $20.00?

$22.80. The days of the $15 Peace dollar are getting closer once again. :thumbup:
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Re: Silver Was $25 now $23....heading to $22

Postby NDFarmer » Mon Apr 15, 2013 12:47 pm

pennypicker wrote:
NDFarmer wrote:For you chart guys where is the next level of major support? Around $20.00?

$22.80. The days of the $15 Peace dollar are getting closer once again. :thumbup:


Bring it on!! :thumbup: This dip doesn't bother me at all. (BUYING OPPORTUNITY) Although the boxes I get from Provident Metals over the next 2 -3 weeks that I purchased over the last couple of weeks won't be near as fun to open as they could have been but the silver I bought this morning will help make up for it. And if it continues to drop I will continue buying. If for some reason silver drops into the teens I will start selling my toys. I have a couple of 4-wheelers, boat, couple of classic cars that I will no longer own.
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Re: Silver Was $25 now $23....heading to $22

Postby Thogey » Mon Apr 15, 2013 1:05 pm

ASE's are still selling for $30-$35 on e-bay
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Re: Silver Was $25 now $23....heading to $22

Postby pennypicker » Mon Apr 15, 2013 1:39 pm

Thogey wrote:ASE's are still selling for $30-$35 on e-bay

Most ebayers are "sheeple" sitting behind a computer. :shh:
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Holding at $22!!!!!!!!!!!

Postby CLINT-THE-GREAT » Mon Apr 15, 2013 3:31 pm

I know it dipped down to $22 this morning and then back to $23....but it has been at $22.79ish for almost an hour now!!!!

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Re: Silver Below $25.....heading to $24

Postby Rodebaugh » Mon Apr 15, 2013 5:39 pm

beauanderos wrote:Call me crazy... but I smell another bunch of margin hikes coming on top of this drop. :shock:


Like an old wise sage. Good call mr Ray.

http://www.zerohedge.com/news/2013-04-1 ... argins-185
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Re: Silver Was $25 now $22....heading to $21?

Postby barrytrot » Mon Apr 15, 2013 5:41 pm

Meh, anything less than announcing that people now prefer Chinese counterfeit silver to real silver will have very little impact :)
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Re: Silver Below $25.....heading to $24

Postby SilverDragon72 » Mon Apr 15, 2013 6:09 pm

Thogey wrote:Hell yea!

Time to stack boys!

Bring it below 20. I'm about to have an orgasm.




*I already did* :lol: :lol:

It is time to stack! I wonder if the price will drop further by Thursday??
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Re: Silver Below $25.....heading to $24

Postby beauanderos » Mon Apr 15, 2013 6:44 pm

Rodebaugh wrote:
beauanderos wrote:Call me crazy... but I smell another bunch of margin hikes coming on top of this drop. :shock:


Like an old wise sage. Good call mr Ray.

http://www.zerohedge.com/news/2013-04-1 ... argins-185

My next call? They will outlaw leveraged ETF's in gold and silver... "for our protection," after having the opportunity to get crushed on the way down, we will not be able to "catch up" (eventually) on the way back up. :sick:
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Re: Silver Was $25 now $22....heading to $21?

Postby Rosco » Mon Apr 15, 2013 8:08 pm

I was quoted a $4.00 Premium on ASE $26.73 when spot was $22.77 Will see what happens Tuesday
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Re: Silver Was $25 now $22....heading to $21?

Postby natsb88 » Mon Apr 15, 2013 8:15 pm

I know everybody's eyes are glued to the ticker, but don't forget about the KSAs ending tonight :wave:

viewforum.php?f=34
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Re: Silver Was $25 now $22....heading to $21?

Postby angel2004 » Mon Apr 15, 2013 8:21 pm

Yes, silver and gold still crashing. I hope they will still be available for sale as spot decreases. I know supply is getting tight and premiums are up.
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Re: Silver Was $25 now $22....heading to $21?

Postby deacon » Mon Apr 15, 2013 8:25 pm

angel2004 wrote:Yes, silver and gold still crashing. I hope they will still be available for sale as spot decreases. I know supply is getting tight and premiums are up.


I've been watching online retailers, and premiums went up heavily last night. They have gradually been dropping today. People must be selling en mass.
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Re: Silver Was $25 now $22....heading to $21?

Postby Engineer » Mon Apr 15, 2013 8:32 pm

deacon wrote:I've been watching online retailers, and premiums went up heavily last night. They have gradually been dropping today. People must be selling en mass.


APMEX was out of generic 90% (at least the bigger bags) earlier today, but now they seem to be well stocked.
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Re: Silver Was $25 now $22....heading to $21?

Postby inflationhawk » Mon Apr 15, 2013 8:36 pm

As the price goes down, Goldmart's markup on ASEs has gone up and up. They're now 4.49 over spot!!! They were like 2.79 over spot on Friday and 3.29 over this morning.
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Re: Silver Was $25 now $22....heading to $21?

Postby Jonflyfish » Mon Apr 15, 2013 8:51 pm

Need good hedge governance and strategy to avoid all the negative equity.
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Re: Silver Was $25 now $22....heading to $21?

Postby Country » Mon Apr 15, 2013 9:31 pm

Looks like $22 has held. Was as low as $21.99, now bouncing up to $22.63. $21.xx was the old high before that massive drop to $8.63. Bounce tomorrow? :thumbup:

LET 'ER RIP!! :clap:
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Re: Silver Was $25 now $22....heading to $21?

Postby barrytrot » Mon Apr 15, 2013 9:40 pm

Silver only down 2 cents on the day now!
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Re: Silver Was $25 now $22....heading to $21?

Postby NDFarmer » Mon Apr 15, 2013 9:42 pm

inflationhawk wrote:As the price goes down, Goldmart's markup on ASEs has gone up and up. They're now 4.49 over spot!!! They were like 2.79 over spot on Friday and 3.29 over this morning.


Provident Metals are doing the same thing. Their ASE'S are also $4.49 over spot.
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Re: Silver Was $25 now $22....heading to $21?

Postby barrytrot » Mon Apr 15, 2013 9:48 pm

Say what you will about "fake silver" (paper) but there is no premium over spot at least :)
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Re: Silver Was $25 now $22....heading to $21?

Postby Rodebaugh » Mon Apr 15, 2013 9:53 pm

barrytrot wrote:Say what you will about "fake silver" (paper) but there is no premium over spot at least :)


true, but it doesn't melt well in my furnace. :shifty:

Edit to Add....How high can JPM bounce a cat? Wait and see. ;)
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Re: Silver Was $25 now $22....heading to $21?

Postby barrytrot » Mon Apr 15, 2013 9:58 pm

Gold Green silver a little red :)
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Re: Silver Was $25 now $22....heading to $21?

Postby Jonflyfish » Mon Apr 15, 2013 10:08 pm

Image
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