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

[TwoPenniesEarned]

35 Silver wont make my 34 a pop purchase on the Wolf Pack seem bad

Are those the RCM Wolves? They only made 15,000 of those and they're going to produce an animal series, so they'll end up having a nuministic value above the metal price.

Hold on to those and keep an eye out for the bear next.


- A Penny Saved is Two Pennies Earned

[uthminsta]

I even got a pic uploaded. Quick on my guns this morning.
I made a sizable (for me) purchase last week, so I have been watching Kitco closer than usual.
I think in the next 7-10 days there will be a lot more posts to this thread. Know what I mean?

[AGCoinHunter]

Will be interesting to see how it reacts tomorrow when stocks in the US open to all the turmoil going on in the ME. Could see a steep drop at open. Oil is surging ahead...

Feels like we are sitting on a powder keg with flames licking all around.

[aristobolus]

Now 41.5:1 Gold to Silver ratio! Is this a balloon or normalization?

[scrapper2010]

Since 1:15 eastern time until present the price on the kitco chart has been perfectly flat, no dips or rises at all. Is this some sort of a glitch in the system? Or did the market close early?

[68Camaro]

It's President's Day. NY market closed early.

[whatsnext]

Now 41.5:1 Gold to Silver ratio! Is this a balloon or normalization?

Hysteria is not stable, this could easily bubble and pop real good. There isnt any real treat more than has been recently. It is just the damn TV. =My Opinion

Thats what I'm going to pretend anyway, then I'll get me a better deal off the broken spirited. I hope

[aristobolus]

41.5:1 Silver to Gold!

[Roadrunner]

And...silver market is open now, and it's alive and moving to new heights!

$34.19 now.

I'm going to predict a pullback tomorrow to the $33.20-$33.60 range.

[traderchowder]

Keep dropping, keeeeeeep dropping.

[68Camaro]

Creeeeeping back up. Not a clear quantity-buy point for me.

[uthminsta]

Do I hear $35?

[beauanderos]

Do I hear $35?

I say $38 by end of March and $45 by end of April. If there is a pullback, you'll be hard-pressed to find any silver you can source at lower prices. Ebay bidders will keep bidding at the same levels, knowing that any price dip is temporary. Brick and mortar coin shops won't sell silver they bought high at a loss, they'll just tell you they're out until a more opportune time comes along for them to show a profit.

[Sheikh_yer_Bu'Tay]

Do I hear $35?

I say $38 by end of March and $45 by end of April. If there is a pullback, you'll be hard-pressed to find any silver you can source at lower prices. Ebay bidders will keep bidding at the same levels, knowing that any price dip is temporary. Brick and mortar coin shops won't sell silver they bought high at a loss, they'll just tell you they're out until a more opportune time comes along for them to show a profit.

Yeah! They are out of silver that can be sold at the dip price! In 2008 all the shops were out of silver below 13x face. Then when the price went back up... it all magically reappeared!

What was the high today? Did it reach $34.75?

[68Camaro]

Yeah it hit 34.76 and is split between bid and offer after hours at 34.70 34.78 right now

[Sheikh_yer_Bu'Tay]

Yeah it hit 34.76 and is split between bid and offer after hours at 34.70 34.78 right now

Sweet!

[aristobolus]

Almost.....

[scrapper2010]

Where do you find info on what the price is doing after hours?

[68Camaro]

Kitco.com

[Rodebaugh]

just hit the $35 mark.

[Roadrunner]

just hit the $35 mark.

Yessir! I saw that it was approaching $35, and I predicted it would hit $35 and bounce off of it to about $34.20. That prediction's looking pretty good right now.

[slickeast]

just hit the $35 mark.

The air is thin up there, silver is having a hard time breathing at that altitude. Give it some time to get use to this level and it will keep climbing the mountain.

[involuntary tentacle]

i will not be surprised to see it close above $35 tomorrow.

i will be sad however.

[DeanStockwell]

Entering a position of ZSL in the morning if prices haven't dropped in Asia too much. Looking for a 14% rise before I exit, but I'll have a 6% trailing stop.

All the vampires
walkin' through Wall Street
Movin' west to to the CME,
And all the bad boys are standing with their longs
All the good girls are holding their shorts,

Now we're free, free fallin'
Silvers free, free fallin'.

[Market Harmony]

Entering a position of ZSL in the morning if prices haven't dropped in Asia too much. Looking for a 14% rise before I exit, but I'll have a 6% trailing stop.

All the vampires
walkin' through Wall Street
Movin' west to to the CME,
And all the bad boys are standing with their longs
All the good girls are holding their shorts,

Now we're free, free fallin'
Silvers free, free fallin'.

Dean, that's a big bet into the weekend. Wouldn't you feel better about shorting AGQ? The chance of getting stopped out might be lower