Silver's $10 dollar haircut in two days

[Rodebaugh]

I mean come on. A 10 buck sell off in two days.

I had some fantastic buys last weekend that now just seem like OK buys.

I guess they figured out the debt thing, everyone has a job now, and they got social security fixed for good......not sure why my paper is buying more today?

[neilgin1]

"Last week, there were 97% bullish consensus amongst silver futures traders for many days in a row. That sets an all time record for excessive bullishness, and usually this is a precursor to a market top"

http://govtslaves.info/2011/05/02/are-w ... etals-top/

[Cu Penny Hoarder]

G&S were bound to correct, I just didn't think they would correct this far, this fast. The Ag market is much more volitile than Au. I thought those 4-5 margin increases (in one week) were suppose to address that? It's all one big paper game.

Today is another buying opp. Cost average in a little at a time. It seems scary to buy on huge dips like yesterday and today, but what else is there? Food, water, guns?

[Hades12]

I would bet now is the bottom and monday will be up big. But you never know, So my thought is to pawn what I have and use the cash to buy. Hard part is I bet there will not be anything local to buy, LCS will be upside down in all of they current stuff, the normal guy I buy from will be upside down and my backup guy will also. APMEX has bars and rounds at 35 right now, anywhere else have anything close to spot. Yours thoughts on this?

[franklin]

Apmex had 100 oz J-M bars at around a buck over spot.

[barrytrot]

I normally don't drink as much of the purple cool aid as others on this site, but I see silver right now as very strong buy.

[Hades12]

Wife just ok'ed $500

thinking I might use it here.
http://www.gainesvillecoins.com/product ... value.aspx

[Rodebaugh]

$22.40 x face per www.coinflation.com (collectors universe owned and operated website)

[Hades12]

So Rodebaugh do you think the gainesville Mixed bag would be a good way to go? Looks like the market closed up today. Most of my Div stocks were up a little, so my average downs on them yesterday was a good bet. Makes me think everyone will come in monday and say " Dang Silver is a at a good buy price this morning"

[mflugher]

Provident financial was slightly lower on 90% silver bags $1000 face... don't know about the smaller lots you are looking at but hsould check them out before you pull trigger.

[Hades12]

Looks like about the same price. differs by .10

[Rodebaugh]

So Rodebaugh do you think the gainesville Mixed bag would be a good way to go? Looks like the market closed up today. Most of my Div stocks were up a little, so my average downs on them yesterday was a good bet. Makes me think everyone will come in monday and say " Dang Silver is a at a good buy price this morning"

It's a tough call. If your in the market for pre 65 coin I'd say yes (gainsville is solid).......but I would also advise anyone buying or "buying with both hands" not to over extend oneself at any one given price point.

[Hades12]

So Rodebaugh do you think the gainesville Mixed bag would be a good way to go? Looks like the market closed up today. Most of my Div stocks were up a little, so my average downs on them yesterday was a good bet. Makes me think everyone will come in monday and say " Dang Silver is a at a good buy price this morning"

It's a tough call. If your in the market for pre 65 coin I'd say yes (gainsville is solid).......but I would also advise anyone buying or "buying with both hands" not to over extend oneself at any one given price point.

Thanks

Pulled the trigger on some half's I have the cash to cover them without hurting so why not.