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Yet im excited...is that weird?

If we see $28.XX I am pulling the rest of my powder out and shooting it off. It's getting really hard to leave the matches in my pocket at the moment. Even if it does go down more I will be really happy with where I am in from a DCA standpoint.

Don't blink. Ask is already over $30 again. If it was to stay down below long enough to affect price, contemplating another multi monster box buy with a small private group. Frankly I don't expect it to stay down long enough to allow the trigger to get pulled. But getting ready in case...

Perhaps $2x becomes the new $3x the same way $3x became the new $4x

Cheers!

where are you going to find 2x 3x or 4x silver at that price?
are you selling?
if you are I`am buying a long time before it hits that price?

$2x, $3x, $4x = $20 something, $30 something, $40 something- for an ounce of silver...not 2x, 3x, 4x face for a few chips of junk.
I hope you can see the difference.
Cheers!

Thought I'd help you guys out some. Just bought 20 Engelhard 10 ounce bars at $30.57 a ounce - put the door for $6114. The $20's are a sure thing now.

Lower it gets, the more I'll have.

reddirtcoins wrote:Lower it gets, the more I'll have.

Something tells me you'll have plenty of chances to buy lower, then lower, then lower again.

Cheers!

I just got off the phone with a guy I deal with sometimes at APMEX. He said he has been absolutely swamped today. Although they aren't supposed to give any market advice he said one of his managers just bought 3 monsters today "before the report" and he usually knows what he is doing. May be just a sales tactic I guess.

One thing is for sure though. It will either be up or down tomorrow and that's all I can guarantee anyone!

A lot of pressure being put on paper silver. Was down below $30 on the 25th of April, a week ago Monday - for a moment in time as well.

This has been going on for several months now. After it dipped below $30, then fought back up in February and blipped past $37, it was then re-crushed. Then there was a battle for $35, then $34, then $33, then $32. Now they are battling at $31.

If it gets crushed again from this point down into the mid-to-upper 20s like it did briefly a couple times last fall, the flood-gates of physical buyers will re-open again, and take it back up into the low $30s within a few days. The major sellers all reported multiple days of record sales last fall and it will happen again. Like I said above, I'm prepping for that possibility to buy big if it does. If it doesn't, I will continue to buy smaller amounts weekly.

mbailey1234 wrote:I just got off the phone with a guy I deal with sometimes at APMEX. He said he has been absolutely swamped today. Although they aren't supposed to give any market advice he said one of his managers just bought 3 monsters today "before the report" and he usually knows what he is doing. May be just a sales tactic I guess.

One thing is for sure though. It will either be up or down tomorrow and that's all I can guarantee anyone!

i received an email alert from apmex today that they are selling sunshine mint 1 oz bars for 0.99 over spot!!! 24 hour sale!!! wish i had more $$$$$$$ to buy some.

mbailey1234 wrote:I just got off the phone with a guy I deal with sometimes at APMEX. He said he has been absolutely swamped today. Although they aren't supposed to give any market advice he said one of his managers just bought 3 monsters today "before the report" and he usually knows what he is doing. May be just a sales tactic I guess.

One thing is for sure though. It will either be up or down tomorrow and that's all I can guarantee anyone!

He pumped monster boxes because a manager bought before tomorrow's NFP report? If it smells like fish....
Ask if they were recommending that their clients sell silver just before it broke below $40. I have their marketing e-mails to prove otherwise.
If someone is in the business of selling inventory it is ALWAYS a good time to buy. Realtors, car dealers and metal salespersons are in the business of pushing product.

Sound familiar?-
"Buy now before JPM gets squeezed and silver goes straight from $40 to $100 or even $250+" or
"Buy now and take advantage of our great deals during this price dip. Everything is ON SALE!(read: for sale). Act now before you miss out on the big rally!"
Cheers!

madman326 wrote:

mbailey1234 wrote:I just got off the phone with a guy I deal with sometimes at APMEX. He said he has been absolutely swamped today. Although they aren't supposed to give any market advice he said one of his managers just bought 3 monsters today "before the report" and he usually knows what he is doing. May be just a sales tactic I guess.

One thing is for sure though. It will either be up or down tomorrow and that's all I can guarantee anyone!

i received an email alert from apmex today that they are selling sunshine mint 1 oz bars for 0.99 over spot!!! 24 hour sale!!! wish i had more $$$$$$$ to buy some.

It's such a good deal that they will offer you this tremendous favor. After all, they want to help YOU! They might even be a not-for-profit charity since there are no sharks in the PM business.
Interestingly enough, they'll offer you this same "favor" on a regular basis.

Always DYOD and never ever let emotions dictate financial decisions.

Cheers!

Good advice Jon.

68Camaro wrote:Good advice Jon.

Thanks mate. The markets have claimed more flesh from people chasing their emotions than any other reason.
Hopefully marketing material is seen as either the well or ill intended puffery that it is, rather than advice or emotional appeal.
Cheers!

It is interesting that it (silver spot) is sort or slowly floating down like a feather in "Forest Gump". If you look at the week chart it goes down a little each day.

Jonflyfish has been a good performance indicator before so I would say more downward action is probable. Under $25? Under $20? I doubt it and double doubt it. But based on the fact that the feather on "Forest Gump" eventually landed I will assume the same here as well.

always buying, always selling...........thats the roll

Doc

If we dip below $30 via trickery (ie. contract dumpage and/or margin increases), $25/oz should be right around the corner.

If $25/oz is realized... BEEP, BEEP, BEEP

Jonflyfish wrote:

madman326 wrote:

mbailey1234 wrote:I just got off the phone with a guy I deal with sometimes at APMEX. He said he has been absolutely swamped today. Although they aren't supposed to give any market advice he said one of his managers just bought 3 monsters today "before the report" and he usually knows what he is doing. May be just a sales tactic I guess.

One thing is for sure though. It will either be up or down tomorrow and that's all I can guarantee anyone!

i received an email alert from apmex today that they are selling sunshine mint 1 oz bars for 0.99 over spot!!! 24 hour sale!!! wish i had more $$$$$$$ to buy some.

It's such a good deal that they will offer you this tremendous favor. After all, they want to help YOU! They might even be a not-for-profit charity since there are no sharks in the PM business.
Interestingly enough, they'll offer you this same "favor" on a regular basis.
Always DYOD and never ever let emotions dictate financial decisions.

Cheers!

That is very funny... and very TRUE.

I sold Toyotas for a while, made a pile of money. ( Not my proudest accomplishment).. As Jon said, create an emergency in the buyer's mind.

Rodebaugh wrote:always buying, always selling...........thats the roll

Doc

+1

From 85-98 then again from 01-06 and Again from mid08-mid10 the gold to silver ratio was better than 60. We're getting close again and if that trend holds right after the election and "bam!", you wish you would have loaded up. But really, who cares about all that mumbo jumbo... Physical is all that matters and stack wisely my friends...