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

[68Camaro]

honestly 68camaro.... Im guessing you and many others have all the PMs you NEED..... not that more doesnt help. But what little I know of your investments this seems likely.

If I were you Id focus on food now....

Still buying, and looking for more diversity, etc, but have a year's nominal supply stashed now bro. Thanks tho - excellent advice!

[Rodebaugh]

Horse Feathers.....down $1.50....What Happened?

[68Camaro]

silver and gold down sharply in afternoon trading,while at the same time the dollar is moving down against most currencies...any theories whats happening?

Irrational exuberance...

"Stocks recorded their best day since March on Tuesday after strong corporate results and renewed hope for an agreement in Washington on thorny budget issues boosted investor confidence."

That's fine. Yea! Go fiat money, go, go, go! Investor confidence in this market. Wow. That's a scary thought.

[68Camaro]

honestly 68camaro.... Im guessing you and many others have all the PMs you NEED..... not that more doesnt help. But what little I know of your investments this seems likely.

If I were you Id focus on food now....

Still buying, and looking for more diversity, etc, but have a year's nominal supply stashed now bro. Thanks tho - excellent advice!

Food that is.

(Besides PMs)

[Oakair]

Took a dive!

People are easily deceived...lol at all this hope in the economy

Hopefully it dips back down to 35-34, I want to go on another buying spree

[SteelCityCopper]

Hopefully it dips back down to 35-34, I want to go on another buying spree

Agreed. But we may be off to the races here come August. I was a little surprised it rose as quickly as it did in July of all months, however, previous trending does little good (some but not much) when you've got ever changing external forces affecting price moreso than what we've seen 5-10 years ago.

[neilgin1]

Jason,
i just want to tell you i REALLY like your website, it looks like you boys got your poo poo together over there. You got stuff listed i LOVE, and at sane prices. i'd do business TODAY, but i have to divert FRN's to get my little ranchito prepped for winter, but i sure like what i see....and i am happy for you Pittsburgh lads, that the Pirates look like gamers this year....i'm rooting for them to pull one out, wouldnt that be something?...for Roberto's memory!!!

respectfully, neil

ps..i stashed the website in my 'metals' folder btw....look forward to trading.

[SteelCityCopper]

Jason,
i just want to tell you i REALLY like your website, it looks like you boys got your poo poo together over there. You got stuff listed i LOVE, and at sane prices. i'd do business TODAY, but i have to divert FRN's to get my little ranchito prepped for winter, but i sure like what i see....and i am happy for you Pittsburgh lads, that the Pirates look like gamers this year....i'm rooting for them to pull one out, wouldnt that be something?...for Roberto's memory!!!

respectfully, neil

ps..i stashed the website in my 'metals' folder btw....look forward to trading.

Thanks man. Much appreciated. The ranchito is priority so get her together. I'd always make it to at least one game a year for the love of baseball even when the Pirates were in their slump (which has been most of 2 decades lol). These are exciting times for Pittsburghers.

Take care.
J

[henrysmedford]

NEW YORK (MarketWatch) — House Speaker John Boehner wants to unveil a plan to increase the U.S. debt limit and curb federal spending by Sunday afternoon to avoid any potential havoc in Asian financial markets, media reports said.

Pre-havoc!

kitco.jpg (46.46 KiB) Viewed 1459 times

At three PM it is Kitco time. http://www.kitco.com/market/It will be fun to watch!

Joe

[slickeast]

I think that we will see a large drop before close monday. $2.50 in silver and $35 in gold

[Market Harmony]

I think that we will see a large drop before close monday. $2.50 in silver and $35 in gold

Eat fresh Wheaties... this morning's must have been stale

[henrysmedford]

NEW YORK (MarketWatch) — House Speaker John Boehner wants to unveil a plan to increase the U.S. debt limit and curb federal spending by Sunday afternoon to avoid any potential havoc in Asian financial markets, media reports said.

Pre-havoc!

The attachment kitco.jpg is no longer available

At three PM it is Kitco time. http://www.kitco.com/market/It will be fun to watch!

Joe

Post open!

Snapz Pro XScreenSnapz009.jpg (48.36 KiB) Viewed 1425 times

[neilgin1]

I think that we will see a large drop before close monday. $2.50 in silver and $35 in gold

i think.......its the other way bud. What you got?...something solid? or just a gut feeling?

gut feeling i can respect, but if you got something....share.....cmon, i love information, even if its wrong. Back in the old daze, in the pit, we'd call it, "pissing in somebodys ear"...like this:

trader 1: whadya think?

trader 2: dunno.

trader 1: i heard that Tubby's got a thousand to buy on the close.

trader 2: yeh.

trader 1: yeh.

trader 1 is the "pisser". so if your trader 2, you gotta ask yourself why the pisser just pissed in your ear? goodwill, a generous nature?...yeh right.

[theo]

. . . and we're off. Gold up $15 (an all time high) and silver up .45.

[slickeast]

I think that we will see a large drop before close monday. $2.50 in silver and $35 in gold

i think.......its the other way bud. What you got?...something solid? or just a gut feeling?

gut feeling i can respect, but if you got something....share.....cmon, i love information, even if its wrong. Back in the old daze, in the pit, we'd call it, "pissing in somebodys

Just a gut feeling. Seems like every time it gets going up it gets pushed down hard.

That, plus everyone thinking that it will go up. Just being a naysayer

[neilgin1]

I think that we will see a large drop before close monday. $2.50 in silver and $35 in gold

i think.......its the other way bud. What you got?...something solid? or just a gut feeling?

gut feeling i can respect, but if you got something....share.....cmon, i love information, even if its wrong. Back in the old daze, in the pit, we'd call it, "pissing in somebodys

Just a gut feeling. Seems like every time it gets going up it gets pushed down hard.

That, plus everyone thinking that it will go up. Just being a naysayer

the better word is "contrarian", and its very valid. If you get a 85% bullish or bearish poll among traders, you could very well be correct in going the other way, a 'naysayer' so to speak, profits can be made in such a stance, however there are two factors here, we might keep in mind. First, i would assume a majority of forum participants hold physical silver, rather than trading in futures, where contrarianism is a potent position. Secondly, this market is unusual in the fact, that we face an unprecedented global financial crisis, that i know you're aware of. Debt markets in tatters, an unpriceable derivative "market" that could total in the hundreds of trillions, and terrified central bankers doing things they KNOW they should not do, like hyper printing paper fiat.

its the perfect storm and in rare cases a market can maintain a high bullish consensus, and continue its up move.if we fail to pierce 50, and trend towards 33, and then band up another 6 months, this would be very very good.......the third wave up will be crazy, AND....participants ...here ...can accumulate even more physical silver.
i dont view silver as an investment vehicle, i look upon it as currency insurance.

you might be right, but i still maintain we trend higher Monday....

[franklin]

I've been waiting for Panther to weigh back in as he called the drop in late April. However, he hasn't posted since early May.

[Oakair]

if we fail to pierce 50, and trend towards 33, and then band up another 6 months, this would be very very good.......the third wave up will be crazy, AND....participants ...here ...can accumulate even more physical silver.

My sentiments exactly...I want more at bargain prices!

[theo]

I'm not big on charts, but the fact that silver broke $40 (twice) after more than 10 weeks in the $34 - $39 range seems bullish for the short/intermediate term at least. The fact that gold is in record territory is also significant. I don't believe the debt ceiling debate will be resolved in a way that gives any real support for the dollar. I think silver will challenge $50 later this year with a few moderate pullbacks along the way. When $50 is breached convincingly the general public will begin to take notice in ever larger numbers. And that, guys and gals, is when the real action will commence.

Those with physical PMs may want consider reviewing their security arrangements.

[neilgin1]

I'm not big on charts, but the fact that silver broke $40 (twice) after more than 10 weeks in the $34 - $39 range seems bullish for the short/intermediate term at least. The fact that gold is in record territory is also significant. I don't believe the debt ceiling debate will be resolved in a way that gives any real support for the dollar. I think silver will challenge $50 later this year with a few moderate pullbacks along the way. When $50 is breached convincingly the general public will begin to take notice in ever larger numbers. And that, guys and gals, is when the real action will commence.

Those with physical PMs may want consider reviewing their security arrangements.

But no posters here own physical PM's....right?........RIGHT?

we just like to TALK about them, and only on this forum and NOT in the public square....right?

yes...thats right.

But yes, its wise to review security arrangements, so nobody makes off with our couch, or our lawnmowers....household implements, loved ones, etc.

wise words indeed.

[henrysmedford]

Why is it up? I thought it would be down.

Snapz Pro XScreenSnapz013.jpg (70.73 KiB) Viewed 1274 times

[Oakair]

Why is it up? I thought it would be down.

Snapz Pro XScreenSnapz013.jpg

Tea Party withholding their votes?

The actual deal containing no revenue?

Putin spreading the news about the 'parasite' that is america?

This is out of the Government's hands now that the weakness has shown itself...

[68Camaro]

I'm guessin' there has been a sudden (and probably temporary) burst of sanity in a slightly larger population of people; those who have just realized that "resolving" the debt crisis meant that the US debt in 10 years - versus our current 14 Trillion - will be "reduced" from 28 Trillion to 26 Trillion. If you heard a sudden wind in the air that sounded like a mass "oh sheeeet", that was probably when the light bulb went off for a few.

[scrapper2010]

Rising significantly in the last hour.

[Know Common Cents]

I haven't forgotten the path back to $50/oz. I'd be content to revisit that for a couple of days (on our way up to $65/oz.

With gold at $1650/oz, it's getting beyond the affordability factor for many of us. Many ex-gold buyers now look toward silver instead.

Personally, I don't know what my silver price threshold is. At what price do I (you) hunker down?