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

[68Camaro]

Dunno what all this means, but here's a suggestion to all the weak hands on RC - I'll do my best to accomodate buying your silver at $3 below current spot. Since it's going to zero, you'll be saving hundreds if not thousands of $$! Do it now, before the price drop!!

[neilgin1]

what i'm seeing JUST on Ebay, is a market that's pretty robust. a lot of guys throwing in the towel, but MOST of the buyers are those with multiple thousand stars..

Are sellers trying to unload before prices go LOWER? Is that what you are seeing?

no....i'm seeing guys THROW IN THE TOWEL, only to be met by "strong hand" buyers....that's what I meant by "multiple thousand stars", those stars mean individ transactions....ie. VERY serious LIQUID stackers. Most of the regular 90% roll sellers, these are e-storefront's, that will pay joe six pack stacker, MELT, turn around, put 'em on Ebay, and the cash market, takes them up to 20-28 times (even more for high numi rolls)

this kind of behavior..."throwing in the towel" from "weak hand" sellers is ALWAYS a feature of a multi-year, multi-decade bull market, and its symptomatic of looking at PM's....silver, with a wrong idea in these times. Ag is NOT an investment, its currency insurance....so you gotta buy WHAT YOU CAN HANDLE, and still "keep the lights on" with fiat. If you go batty, and buy too much, falling behind on bills, and grocery money....then?...its a sad unfortunate trip to your LCS to trade in rolls of 90's for melt....and one cant fault the LCS to maintain a bid based on the board, because these guys make their living on the basis...ie, the zone between bid, what they pay you, and offer, what they can sell it for on the cash market......and THERE IS, an increasing LARGE disconnect between the "board".....and where "cash" is trading.....like 21 times face for a $10 FV roll is $30 dollars an ounce.

in closing?...these days, imho, EVERYTHING is at a disconnect, name me ONE "institution" in these United States, you have ANY trust in....to me, they are ALL criminals, unworthy of trust or respect, liars, crooks and thieves the lot of 'em.

[neilgin1]

Dunno what all this means, but here's a suggestion to all the weak hands on RC - I'll do my best to accomodate buying your silver at $3 below current spot. Since it's going to zero, you'll be saving hundreds if not thousands of $$! Do it now, before the price drop!!

awww, gee whiz, how thoughtful of you....(heeehheeee)

[ZenOps]

Could be some retail selling pressure into Black Friday. If the price is under $19 by thursday I might actually buy some silver instead of nickel.

Truth be known, many just want to flip - The ultimate goal is the $98 HDTV at Wallymart.

[InfleXion]

Could be some retail selling pressure into Black Friday. If the price is under $19 by thursday I might actually buy some silver instead of nickel.

Truth be known, many just want to flip - The ultimate goal is the $98 HDTV at Wallymart.

Sound logic, though I can't independently verify, aside from a friend of mine who is a classic example. The thing that drives me up a wall is that he knew when I bought silver at $10, and he knows all the reasons why I stack, and he is still saying "I'm waiting for $4 silver, it's overpriced", yet he will blow $400 a weekend on booze and pull tabs until he is flat broke, which he is, but not after buying a crappy overpriced home theater system at Walmart as an impulse buy without doing any research. When he was walking around with $4000 in his wallet I told him to buy some silver, but noooooo.. people just aren't going to get their priorities straight until they absolutely have to. GRR

[beauanderos]

Could be some retail selling pressure into Black Friday. If the price is under $19 by thursday I might actually buy some silver instead of nickel.

Truth be known, many just want to flip - The ultimate goal is the $98 HDTV at Wallymart.

Sound logic, though I can't independently verify, aside from a friend of mine who is a classic example. The thing that drives me up a wall is that he knew when I bought silver at $10, and he knows all the reasons why I stack, and he is still saying "I'm waiting for $4 silver, it's overpriced", yet he will blow $400 a weekend on booze and pull tabs until he is flat broke, which he is, but not after buying a crappy overpriced home theater system at Walmart as an impulse buy without doing any research. When he was walking around with $4000 in his wallet I told him to buy some silver, but noooooo.. people just aren't going to get their priorities straight until they absolutely have to. GRR

even if your friend had bought silver... he is the classic definition of weak hands, he'd sell at the first sign of a little profit

[beauanderos]

Sold my ZSL this morning... that was a LONG hold for just $140 profit. Taking the proceeds and reinvesting in USLV if it hits $45... sixteen more cents

[beauanderos]

Sold my ZSL this morning... that was a LONG hold for just $140 profit. Taking the proceeds and reinvesting in USLV if it hits $45... sixteen more cents

FILLED

now for the reversal

[CLINT-THE-GREAT]

Sold my ZSL this morning... that was a LONG hold for just $140 profit. Taking the proceeds and reinvesting in USLV if it hits $45... sixteen more cents

I wish I knew more about this..... I konw quite a bit in comparison to the people I talk to and family and friends come to me for advice on AG/AU.... but it's like when I get on RC and see you guys talking about holding back this to trail that and such... I'm like I feel like a dummy!

-The Great

[Country]

No reversal this time - IT'S GOING STRAIGHT TO ZERO!!

AND THEN....

[Rodebaugh]

New thread title.

Good luck Ray. My advise: Watch it like a hawk....or set a stop loss.
Be safe out there.

[beauanderos]

New thread title.

Good luck Ray. My advise: Watch it like a hawk....or set a stop loss.
Be safe out there.

I'll be satisfied with a small gain, then that will be deployed back into ZSL.

[scyther]

Getting closer and closer to a new low...

[coppertop1982]

Why is silver falling off the face of the planet ?

[silversurfer]

I'm not fazed by the recent prices, I see this as an opportunity to add to my stack.

[NHsorter]

How much longer should one wait before backing up the truck? I have been sitting here in neutral and my shocks are about to buckle under the weight of all of these accumulated FRN's, haha.

[beauanderos]

How much longer should one wait before backing up the truck? I have been sitting here in neutral and my shocks are about to buckle under the weight of all of these accumulated FRN's, haha.

this seems like a good point to me to be buying

[InfleXion]

I would simply say, where there's smoke, there's fire. I learned that the hard way when silver dropped from $28 to $25. I pulled the trigger then, and then I had to do it again at $23, $21, and $19. If these markets are as predictably jokey as I think they might be then yesterday's drop may have been a warning of further downside. Still, any significant drops will mean supply crunch so I am always happy to lock in my delivery for a slight premium on a downward move. Ultimately my gut says the powers will be happy to have any sub $20 price come year end portfolio reshuffling so it could very well hover here for a bit. And of course, all free advice is worth what was paid to receive it

[slickeast]

In a few weeks people will be paying someone to take their silver. It will be a disposal fee.

[68Camaro]

In a few weeks people will be paying someone to take their silver. It will be a disposal fee.

What're you charging? It's going to cost Ray a fortune to get rid of his. Will it be like asbestos, where they have to tape off the area and use HazMat suits?

[slickeast]

Rich,

There will be specially trained people to do the removal. Special built trucks, landfills, town meetings where people are trying to ban silver from being dumped in their towns. Illegal dumping, contaminated rivers from illegal dumping. The government will step in and impose regulations on the proper disposal of unwanted silver. Nuclear waste will be more accepted in landfills than silver.

[Rodebaugh]

Rich,

There will be specially trained people to do the removal. Special built trucks, landfills, town meetings where people are trying to ban silver from being dumped in their towns. Illegal dumping, contaminated rivers from illegal dumping. The government will step in and impose regulations on the proper disposal of unwanted silver. Nuclear waste will be more accepted in landfills than silver.

This is true Peter..... Furthermore, Under the new law no one will be forced to use a new government appointed silver disposal plan. In short; If you like your current silver removal plan you can keep that plan, and if you like your silver disposal specialist you can keep your disposal specialist.

[68Camaro]

Ah, you tease, but we all know the government will charge us more to dispose of our silver, and further will force us to pay for palladium disposal even if we have no palladium.

[Rodebaugh]

Sold my ZSL this morning... that was a LONG hold for just $140 profit. Taking the proceeds and reinvesting in USLV if it hits $45... sixteen more cents

FILLED

now for the reversal

You sir are a paper paladin......well played

[beauanderos]

Sold my ZSL this morning... that was a LONG hold for just $140 profit. Taking the proceeds and reinvesting in USLV if it hits $45... sixteen more cents

FILLED

now for the reversal

You sir are a paper paladin......well played

Well... said I'd be satisfied with a small profit. You just know they're gonna slam the market on Friday again. So I sold 57 shares of USLV for a $4.12 profit per share and will sit on the proceeds for a better entry point back into ZSL. Market may continue to climb but I'm not sophisticated enough to pick exact tops and bottoms (in other words, when I get greedy I wind up paying for it )