its the 4th of Oct 2011, 1300 hours, gold getting hammered down 55, but from the way the ticker's moving, there's not a whole lot of steam behind the selling of sliver at the 29.50 area...its doesnt seem that way. the day is still young, but ......
far as my "haunt" Ebay, i'm telling you all, rolls of 90's and ASE's are defintely getting sparse...oh, there's some there, but a LOT of the "roll" offerings are being listed by the "possible silver" bottom feeder crowd, and a LOT of "buy it now" fishermen dangling bait at crazy offers, and i underline "crazy". this macro period here. everything, stocks, futures, metals, both physical and futures, it seems like we're in a weird period of waiting.....like seeing a line of ugly thunderheads on the north horizon, far away, but getting closer.
its 1308 now, and i get the feeling ardent bears are throwing the kitchen sink at the board.....they're not wrong, if Europe does a nutty, and trades bad, we could get a 2009 repeat, trouble is the premium will just widen out, ie futures will be at 22, and you'll still be paying 30, 8 over the board. my 16 year old read me the riot act for paying up......i told him 'chill', lemme explain the "basis' to you, the spread between the board and physicals, and that can be a discount or a premium, and in silver, its a premium. Told him also, in a bull market, you dont think, you just buy, hit offers, load up. we're going to have another bull session on markets, i aint raising some kind of soft boy sissy, kid's a wolverine.