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It looks to be a wild day today....new all time (recent) highs on the horizon.

Never thought I'd be rooting for silver to fall, but my check from APMEX still isn't here and deposited... meaning the Golden State Mint one ounce rounds I hoped to order with the proceeds are becoming just that much more expensive by the day. What I could have ordered for $29 a week ago will now cost $31.50. This price jump has caused me to lose 25 ounces!

Same thing here. Just wish my check would get here from Kitco, so I can buy. Have to wonder if they hold em for just this reason?

beauanderos wrote:Never thought I'd be rooting for silver to fall, but my check from APMEX still isn't here and deposited... meaning the Golden State Mint one ounce rounds I hoped to order with the proceeds are becoming just that much more expensive by the day. What I could have ordered for $29 a week ago will now cost $31.50. This price jump has caused me to lose 25 ounces!

yeah Ray I feel your pain. I had my eye on a large purchase from Monarch while Ag was hanging in the $28 range......now I can't bring myself to buy much of anything.

It may be time to hit up the local antique shops instead. Not the shinny Ag we like but a cheap sub nontheless.

We will get another pullback under $30 I believe in the near future.

Sorry about APMEX. It's good to have a stash of fiat around when you're doing swaps. The fiat stash can be replenished later when the proceeds come in from the sale. Sometimes the usefullness of CASH is overlooked and we all get too low on our CASH.

Country wrote:Sorry about APMEX. It's good to have a stash of fiat around when you're doing swaps. The fiat stash can be replenished later when the proceeds come in from the sale. Sometimes the usefullness of CASH is overlooked and we all get too low on our CASH.

I abhor cash. I stay 100% invested in PM's, as nearly as possible. Fiat is worthless and one of these days that hen is gonna come home to roost. I use credit on the same basis as you suggest using cash. Buy bargains, slam them on plastic for a few days, pay off the debt when the check comes in. Luckily, I was able to buy some junk from forum members at reasonable prices, but still... I covet those shiny rounds. Country... your quarter is enroute.

AGCoinHunter wrote:We will get another pullback under $30 I believe in the near future.

I think silver is headed up, up, and away, dagnabbit. I think the only reason it might fall now is based on shenanigans , not fundamentals. For the time being I'm reduced to watching for the next JPMorgan induced sell-off which, studying the charts, seems to occur between 0700 and 0730 on the days they implement the maneuver.

beauanderos wrote:

AGCoinHunter wrote:We will get another pullback under $30 I believe in the near future.

I think silver is headed up, up, and away, dagnabbit. I think the only reason it might fall now is based on shenanigans , not fundamentals. For the time being I'm reduced to watching for the next JPMorgan induced sell-off which, studying the charts, seems to occur between 0700 and 0730 on the days they implement the maneuver.

Speaking of Mr. Morgan...did everyone see this!
JP Morgan Accepts Gold Bullion as Collateral – Silver Backwardation to Lead to Short Squeeze?
http://news.goldseek.com/GoldSeek/1297087200.php

I bet they accept gold and silver bullion

Warning.....Silver Is Going Nuts!

I think I sparked this by moving some items. You're welcome.

Copper Catcher wrote:

beauanderos wrote:

AGCoinHunter wrote:We will get another pullback under $30 I believe in the near future.

I think silver is headed up, up, and away, dagnabbit. I think the only reason it might fall now is based on shenanigans , not fundamentals. For the time being I'm reduced to watching for the next JPMorgan induced sell-off which, studying the charts, seems to occur between 0700 and 0730 on the days they implement the maneuver.

Speaking of Mr. Morgan...did everyone see this!
JP Morgan Accepts Gold Bullion as Collateral – Silver Backwardation to Lead to Short Squeeze?
http://news.goldseek.com/GoldSeek/1297087200.php

I bet they accept gold and silver bullion

Interesting. Yes, the pullback under $30 I see will be out of manupliation. Interesting to see the amount of 2011 ASE's the mint sold in January. Was a record amount.

The price will pull back during the last week of the month. That's when the price is usually manipulated.

CC.

Rodebaugh wrote:CC.

I suppose that's better than the alternative

.
it looks like the dollar has collapsed.

the whole stock market and all metals are in the red.

did someone sell red ink?

first time I have seen this....

China raised interest rates. Longs will fear that will slow the need for commodity metals.

68Camaro wrote:China raised interest rates. Longs will fear that will slow the need for commodity metals.

Because of INFLATIONARY pressures. INFLATION is good for PMs.

Country wrote:

68Camaro wrote:China raised interest rates. Longs will fear that will slow the need for commodity metals.

Because of INFLATIONARY pressures. INFLATION is good for PMs.

China shound not need PMs b/c they have a currency thats buying power can only go up.

We are chinas servants b/c we owe them money(who you owe to is who you serve)

Country wrote:

68Camaro wrote:China raised interest rates. Longs will fear that will slow the need for commodity metals.

Because of INFLATIONARY pressures. INFLATION is good for PMs.

I wouldn't say Inflation is "good" for PMs. PMs are money, in the most real sense. They fundamentally keep pace with inflation; they don't do well at beating inflation.

whatsnext wrote:

Country wrote:

68Camaro wrote:China raised interest rates. Longs will fear that will slow the need for commodity metals.

Because of INFLATIONARY pressures. INFLATION is good for PMs.

China shound not need PMs b/c they have a currency thats buying power can only go up.

We are chinas servants b/c we owe them money(who you owe to is who you serve)

The Chinese distrust their government more than we do. Storing wealth in PMs, as a hedge for inflation, is a tradition for the Chinese businessman who can now (recently) acquire them. Given a more prosperous China, demand for PMs will increase as not only their sovereign government is buying strategic metals (SILVER, COPPER, etc.), the general public is stepping up their purchases of GOLD and SILVER too. Based on the past history of their nation, it is naturally done; a much different approach than here in the USA as to how one protects wealth.

The Chinese distrust their government more than we do. Storing wealth in PMs, as a hedge for inflation, is a tradition for the Chinese businessman who can now (recently) acquire them. Given a more prosperous China, demand for PMs will increase as not only their sovereign government is buying strategic metals (SILVER, COPPER, etc.), the general public is stepping up their purchases of GOLD and SILVER too. Based on the past history of their nation, it is naturally done; a much different approach than here in the USA as to how one protects wealth.[/quote]

That might be true but still they are just getting into being yuppies. They have a growing middleclass, ours is shrinking. They have jobs to walk away from, our old jobs.
China is not in our pattern

Maybe I'm wronge but from what I hear its their game. Inflation is hitting them with the spike in resources, so owning silver is just as benifical for them as us.

But their buying power should increase sooner or later which is good for fiat. Fiat moves and has benifits presently.

$31 toady? you can hold your breath on this bet.

Great, with this uptick in price, I wont feel like such a fool for the 33$ maple I bought a few days ago. Rise silver, rise, then please come down when I get some money to buy you again!