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4th of July sales

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.

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4th of July sales

Postby AdamsSamoa » Fri Jun 29, 2018 2:50 pm

Any good 4th of July sales on Silver out there?
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Re: 4th of July sales

Postby Cu Penny Hoarder » Sat Jun 30, 2018 7:53 pm

Around July 7-9 of 2017, there was a flash crash from $16.20 down to about $14.50. It only lasted for 1-2 minutes. I think it happened on a Sunday night. It was so quick that most charts out there do not show it. Now that was a sale! Unfortunately, I missed it. :x
Time is precious, stop wasting it.
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Re: 4th of July sales

Postby Recyclersteve » Tue Jul 03, 2018 1:04 am

One way to potentially take advantage of this would be to open a brokerage or futures account whereby you can trade 24 hours a day. Then, each day, you could place a day only order to buy silver at, say, 10% below the most recent closing price. I'd guess you'd need to do this a few hundred times before an order would be filled. That is too much work for most people. I must admit- I've thought about it myself.
Former stock broker w/ ~20 yrs. at one company. Spoke with 100k+ people and traded a lot (long, short, options, margin, extended hours, etc.).

NOTE: ANY stocks I discuss, no matter how compelling, carry risk- often
substantial. If not prepared to buy it multiple times in modest amounts without going overboard (assuming nothing really wrong with the company), you need to learn more about the market and managing risk. Also, please research covered calls (options) and selling short as well.
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