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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by SilverEye » Fri Feb 24, 2012 12:05 pm
I was hoping it was just a blip on Greece news, but silver is acting like it has real support at $35. I've only got a tiny fraction of how much I want to own, so I still need low prices. This could be it folks, and we never see sub $35 ever again.
$35 is a huge psychological support/resistance barrier for silver because 35 was where gold was pegged before we went off the gold standard.
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SilverEye
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by Cu Penny Hoarder » Fri Feb 24, 2012 1:48 pm
Don't worry, TPTB aren't going to give up that easily... they're going to fight this thing all the way up. There is always room for more margin hikes. Just make sure you have plenty of green rectangles ready to buy when it does drop.
Time is precious, stop wasting it.
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Cu Penny Hoarder
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by lance » Fri Feb 24, 2012 3:12 pm
Still better to buy now before it goes even higher....when silver is pushin 50 and 60 a ounce we will miss these days.
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lance
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by fb101 » Fri Feb 24, 2012 6:43 pm
one trend following site I watch says a close over $36 means a significant change in trend and an upside target of 44.
If it does that trend followers will be climbing on board
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fb101
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by reddirtcoins » Fri Feb 24, 2012 7:36 pm
If it ever gets to 75 I have some 70/80 stockpile that will be paying off a house....
All I will be saying to all the na-sayers from years past is, who's laughing now.....
"Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold."- Leo Tolstoy
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reddirtcoins
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by Engineer » Fri Feb 24, 2012 7:42 pm
reddirtcoins wrote:If it ever gets to 75 I have some 70/80 stockpile that will be paying off a house....
All I will be saying to all the na-sayers from years past is, who's laughing now.....
During the housing boom people kept telling me that I was crazy for paying down my mortgage instead of putting that money in the stock market for 10% annual returns. Some even told me that they were taking out HELOCs to invest in stocks.
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Engineer
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by madman326 » Fri Feb 24, 2012 7:50 pm
of course silver hits $35, i am going to my first coin show tomorrrow! i was really hoping to get it a little cheaper, but im still going to spend what i was planning.
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madman326
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