SILVER - WAS $31-$49, WAS $33-$43, NOW $44+

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.

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby beauanderos » Mon Apr 25, 2011 8:24 am

Theo... you can quit worrying about the end of QE2. A few Fed governors jawboning to give an illusion that quantitative easing is coming to an end is all that is. The FED can do nothing else but continue, whether they call it QE3 or whatever. No one is buying treasuries. About 85% is now being monetized. Go listen to the most recent radio show over at Silverseek.com
The Hand of God moves WorldsImage
User avatar
beauanderos
Too Busy Posting to Hoard Anything Else
 
Posts: 9827
Joined: Wed Oct 14, 2009 10:00 am

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby AGCoinHunter » Mon Apr 25, 2011 8:32 am

beauanderos wrote:Theo... you can quit worrying about the end of QE2. A few Fed governors jawboning to give an illusion that quantitative easing is coming to an end is all that is. The FED can do nothing else but continue, whether they call it QE3 or whatever. No one is buying treasuries. About 85% is now being monetized. Go listen to the most recent radio show over at Silverseek.com



I just want to know what dumbasses are buying the other 15% in treasuries.
“Guard with jealous attention the public liberty. Suspect everyone who approaches that jewel. Unfortunately, nothing will preserve it but downright force. Whenever you give up that force, you are inevitably ruined.”
"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests.”
- Patrick Henry
User avatar
AGCoinHunter
1000+ Penny Miser Member
 
Posts: 1933
Joined: Mon Oct 12, 2009 10:00 am
Location: Deep South

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby shinnosuke » Mon Apr 25, 2011 8:33 am

AGCoinHunter wrote:
beauanderos wrote:Theo... you can quit worrying about the end of QE2. A few Fed governors jawboning to give an illusion that quantitative easing is coming to an end is all that is. The FED can do nothing else but continue, whether they call it QE3 or whatever. No one is buying treasuries. About 85% is now being monetized. Go listen to the most recent radio show over at Silverseek.com



I just want to know what dumbasses are buying the other 15% in treasuries.


Hilarious!...but you're right.
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
User avatar
shinnosuke
Super Post Hoarder
 
Posts: 3484
Joined: Mon Feb 14, 2011 7:10 pm
Location: Texas

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby timmus0382 » Mon Apr 25, 2011 9:08 am

Is there something wrong with me? I've been watching spot last night and this morning and have seen it at 48ish and 49ish. Now I just looked at kitco and saw it at 46.95 but it still shows it as being up 33 cents. It opened in NY around 48. Why isint kitco showing it as taking a loss? Am I missing something?
Name me one investment where you gain at least 50% the second you purchase it and never have a chance to lose the initial investment.
timmus0382
Penny Pincher Member
 
Posts: 113
Joined: Thu Mar 24, 2011 5:29 pm
Location: Maine, USA

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby AGCoinHunter » Mon Apr 25, 2011 9:13 am

timmus0382 wrote:Is there something wrong with me? I've been watching spot last night and this morning and have seen it at 48ish and 49ish. Now I just looked at kitco and saw it at 46.95 but it still shows it as being up 33 cents. It opened in NY around 48. Why isint kitco showing it as taking a loss? Am I missing something?



Think they only show change since open in NY. The prices you saw were other markets.
“Guard with jealous attention the public liberty. Suspect everyone who approaches that jewel. Unfortunately, nothing will preserve it but downright force. Whenever you give up that force, you are inevitably ruined.”
"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests.”
- Patrick Henry
User avatar
AGCoinHunter
1000+ Penny Miser Member
 
Posts: 1933
Joined: Mon Oct 12, 2009 10:00 am
Location: Deep South

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby CardsNCoins » Mon Apr 25, 2011 9:14 am

timmus0382 wrote:Is there something wrong with me? I've been watching spot last night and this morning and have seen it at 48ish and 49ish. Now I just looked at kitco and saw it at 46.95 but it still shows it as being up 33 cents. It opened in NY around 48. Why isint kitco showing it as taking a loss? Am I missing something?


They are going by their last close of $46.61 which was either Thurs. or Fri.
User avatar
CardsNCoins
1000+ Penny Miser Member
 
Posts: 1715
Joined: Sun Nov 28, 2010 8:03 pm

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby frugi » Mon Apr 25, 2011 9:20 am

just before open this morning at 6:30 CST it was up 5%. Now it is up only 0.33%. Silver is dropping today. I think this is manipulation in some form. I am most pissed off about the currency exchange websites are all missing, or giving wrong information. Sites I have been visiting 5 times a day are gone, or no longer offering data on the US dollar exchange rates. WTF!, and now this. Silver was shy of $50.00, and now at $46.00. Fine, but why can't I view the declining dollar rates anymore, and I doubt this is Easter related. As of last friday the exchange rate for the US dollar in Canada was $0.9480, but the only sites I can find it on now, showed it at $0.9530 before it would have changed. Something isn't right, and I am not sure I can trust anything on the internet anymore.
https://pre82.com/
SELLING CENTS ^^
User avatar
frugi
Post Hoarder
 
Posts: 2269
Joined: Wed Sep 27, 2006 3:00 pm

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby Rodebaugh » Mon Apr 25, 2011 9:44 am

Haircut anyone?
This space for rent. :)
User avatar
Rodebaugh
Realcent Moderator
 
Posts: 7959
Joined: Fri Aug 14, 2009 3:00 pm

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby Country » Mon Apr 25, 2011 10:04 am

We're gonna have to ignore the wild thinly traded SILVER of the past few hours. The LME isn't even open for business today. Other worldwide exchanges are on Easter holiday too.

From Friday's close until now SILVER is down 27c. Hope no one got caught trading the whipsaw. I'd suggest maintaining a focus on the upward trend of SILVER, which really does need a pause, but not necessarily a correction to lower prices.
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
User avatar
Country
Realcent Moderator
 
Posts: 7695
Joined: Mon Mar 23, 2009 3:00 pm
Location: Virginia, USA

Re: SILVER - WAS $31-$35, WAS $36-$40, WAS $41-$45, NOW $46+

Postby Lemon Thrower » Mon Apr 25, 2011 10:15 am

Lemon Thrower wrote:even if those figures are correct they are not very reliable. its sort of like the after hours trading in a stock. sure, those trades really happen at wierd prices, but they have little predictive value for what happens when the regular market opens again..
Lets Go Brandon!
User avatar
Lemon Thrower
Super Post Hoarder
 
Posts: 3719
Joined: Fri Jun 13, 2008 10:00 am

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby shinnosuke » Mon Apr 25, 2011 10:21 am

Chill, everyone. Just pretend it is still Sunday. Keep buying silver because it is only going up. Some info for you:
April Bank holidays
Dates England & Wales Scotland Northern Ireland
Good Friday Yes Yes Yes 22 April 2011

Dates England & Wales Scotland Northern Ireland
Easter Monday Yes No Yes 25 April 2011
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
User avatar
shinnosuke
Super Post Hoarder
 
Posts: 3484
Joined: Mon Feb 14, 2011 7:10 pm
Location: Texas

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby Lemon Thrower » Mon Apr 25, 2011 10:48 am

shinnosuke wrote:Chill, everyone. Just pretend it is still Sunday. Keep buying silver because it is only going up.


agreed.

some good information about "shake-out" declines a few days prior to option expiration here:

http://tfmetalsreport.blogspot.com/
Lets Go Brandon!
User avatar
Lemon Thrower
Super Post Hoarder
 
Posts: 3719
Joined: Fri Jun 13, 2008 10:00 am

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby beauanderos » Mon Apr 25, 2011 11:15 am

Maybe the London market LME being closed is a good reason the price kept climbing before it got to NY? No suppression team over there on duty to assist in manipulations. You can see what silver WANTS to do when no one is around to kill the rise.
The Hand of God moves WorldsImage
User avatar
beauanderos
Too Busy Posting to Hoard Anything Else
 
Posts: 9827
Joined: Wed Oct 14, 2009 10:00 am

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby Country » Mon Apr 25, 2011 11:25 am

If you are nimble, you could have made some nice trades in SILVER today. Started off going to $49.85, and then fell as low as $45.66. As of now, SILVER is up $1.00 at $47.61. Quite a wild day, BUT THE TREND IS YOUR FRIEND. Be vigilant, but STAY RESOLUTE, SILVER IS GOING MUCH HIGHER!!! :mrgreen:
Humankind has not woven the web of life. We are but one thread within it. Whatever we do to the web, we do to ourselves. All things are bound together. All things connect. ~Chief Seattle, 1855
User avatar
Country
Realcent Moderator
 
Posts: 7695
Joined: Mon Mar 23, 2009 3:00 pm
Location: Virginia, USA

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby 68Camaro » Mon Apr 25, 2011 11:34 am

Watching market on phone in airport. Serious volatility. But thats all it is so far. Desperate coverage of shorts combined with desperate new shorting in an attempt to cap the market. Quite a ride.
Very remarkable.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
User avatar
68Camaro
Too Busy Posting to Hoard Anything Else
 
Posts: 8255
Joined: Thu Dec 30, 2010 6:12 am
Location: Disney World

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby Rodebaugh » Mon Apr 25, 2011 11:56 am

whats 25 pages long, has 615 posts, and has over 10 thousand views?

This thread. Nice work country.
This space for rent. :)
User avatar
Rodebaugh
Realcent Moderator
 
Posts: 7959
Joined: Fri Aug 14, 2009 3:00 pm

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby oober » Mon Apr 25, 2011 6:25 pm

Might be a good time to buy tomorrow or Wedneday, CME raising margins again (about 10%).
oober
1000+ Penny Miser Member
 
Posts: 1448
Joined: Fri Oct 17, 2008 10:00 am

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby Corsair » Mon Apr 25, 2011 8:33 pm

Image

$45.96. "And here, we, go."
"Now watch what you say or they'll be calling you a radical, a liberal, fanatical, criminal. Won't you sign up your name, we'd like to feel you're acceptable, respectable, presentable, a vegetable."
User avatar
Corsair
Post Hoarder
 
Posts: 2392
Joined: Mon Dec 29, 2008 3:00 pm
Location: Columbus, Ohio

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby Rodebaugh » Mon Apr 25, 2011 10:35 pm

Image

:o

still buying ;)
This space for rent. :)
User avatar
Rodebaugh
Realcent Moderator
 
Posts: 7959
Joined: Fri Aug 14, 2009 3:00 pm

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby justj2k78 » Mon Apr 25, 2011 10:41 pm

Image



:lol:
User avatar
justj2k78
Penny Hoarding Member
 
Posts: 899
Joined: Sun Feb 20, 2011 6:54 pm
Location: Way Upstate, NY

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby Thogey » Mon Apr 25, 2011 10:50 pm

I hope the bottom falls out.

30-40.00 silver still seems ridiculous.

It takes a lot of self-control to not sell, and right now selling would change my lifestyle a little bit.
If I have the gift of prophesy, and know all mysteries and all knowledge, and if I have all faith, so as to move mountains but do not have love I am nothing. And if I give all my possessions to feed the poor, and if I surrender my body to be burned but do not have love it profits me nothing.
User avatar
Thogey
Too Busy Posting to Hoard Anything Else
 
Posts: 8505
Joined: Sun Dec 06, 2009 3:00 pm

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby blackrabbit » Mon Apr 25, 2011 11:00 pm

This is one fun ride! I am both still buying and selling small amounts.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered....The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson
User avatar
blackrabbit
Post Hoarder
 
Posts: 2360
Joined: Tue Aug 17, 2010 3:00 pm
Location: Colorado

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby shinnosuke » Mon Apr 25, 2011 11:31 pm

$44.82...These are the times that try men's souls. The summer soldier and the sunshine patriot will, in this crisis, shrink from the service of their country; but he that stands by it now, deserves the love and thanks of man and woman. Thomas Paine 23Dec1776.

I know there will be many who panic at the lower price. I don't want anyone to get hurt, but if the price drops now I am happy. I will buy more. The price will bounce back. Hold tight.
When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them... (Thomas Jefferson)
User avatar
shinnosuke
Super Post Hoarder
 
Posts: 3484
Joined: Mon Feb 14, 2011 7:10 pm
Location: Texas

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby 68Camaro » Tue Apr 26, 2011 5:32 am

As I drink my morning coffee it's back to the $46 range. Hardly changed from last week's close, so you have to let go of the emotion. It has experienced at 10% swing due to manipulation. This was expected. We can expect the thugs in London/NY to try to knock it down again this morning, so don't be surprised at a temporary drop back to the 42-43 range. Expected, and again, if you look at long-term behavior, just a blip, and still above where we were just a couple weeks ago.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
User avatar
68Camaro
Too Busy Posting to Hoard Anything Else
 
Posts: 8255
Joined: Thu Dec 30, 2010 6:12 am
Location: Disney World

Re: SILVER - WAS $31-$39, WAS $40-$47, NOW $48+

Postby Rodebaugh » Tue Apr 26, 2011 6:33 am

Image

Image
Ray at the at the commodities market yesterday?
This space for rent. :)
User avatar
Rodebaugh
Realcent Moderator
 
Posts: 7959
Joined: Fri Aug 14, 2009 3:00 pm

PreviousNext

Return to Silver Bullion, Gold, & other Bullion Metals

Who is online

Users browsing this forum: No registered users and 3 guests