Silver Is Trending Down/Up....

[txflyboy]

The Aztec calendar coins are cool as school, but the premium is stiff. And they're not available everywhere right now except Apmex that I can find. Limited mint of 1500. Something to think about ...

[W.Lynn]

Very pretty, wish I could afford to think about collectibility and such factors when I make a purchase. But you're right, stiff premiums put me off.

[Silverivalist]

Originally Posted by txflyboy

The Aztec calendar coins are cool as school, but the premium is stiff. And they're not available everywhere right now except Apmex that I can find. Limited mint of 1500. Something to think about ...

Does that say 1 kilogram? If so that's a little over 32 toz. Wow!

[97guns]

property tax put a crunch on my metal buying this month but i did manage to scrape enough together for 1/2oz of gold, next month my normal buying habits will resume

[Silverivalist]

Originally Posted by 97guns

property tax put a crunch on my metal buying this month but i did manage to scrape enough together for 1/2oz of gold, next month my normal buying habits will resume

I went to my LCS and bought 33 Silver rounds the other day. To my surprise there was a 2006 $20 NORFED Liberty dollar in the mix and an old style 1984 Libertad.
Think I'll keep these two out of the lake for a while so I can admire them.

[PalmettoTree]

Originally Posted by txflyboy

Let's take a look at the analyticals.






Wyckoff says the bears still have tech advantage, but there's solid support at $27.92. The RSI and MACD are showing an uptrend with the price bouncing off the lower bollinger confirming the trend.

Usually, when the blue MACD line crosses above the red one, that signifies a bottom has been formed, and an uptrend is likely.

You are correct. There is a bounce signal. There is resistance to going lower but is there volume to take it higher?

I suspect it will flat line here for a time before going lower. A significant drop in gold will will drag silver with it and then stomp it down. There is all indications gold is headed down.

[97guns]

Originally Posted by Silverivalist

I went to my LCS and bought 33 Silver rounds the other day. To my surprise there was a 2006 $20 NORFED Liberty dollar in the mix and an old style 1984 Libertad.
Think I'll keep these two out of the lake for a while so I can admire them.

do an ebay search on that norfed, it might be pulling 4-5X what you paid

[Silverivalist]

Originally Posted by 97guns

do an ebay search on that norfed, it might be pulling 4-5X what you paid

Couldn't find one the same year, but they do seem to fetch quite a premium.

[txflyboy]

Originally Posted by PalmettoTree

You are correct. There is a bounce signal. There is resistance to going lower but is there volume to take it higher?

I suspect it will flat line here for a time before going lower. A significant drop in gold will will drag silver with it and then stomp it down. There is all indications gold is headed down.

Since I started this thread, If one wants to venture that PMs can be predicted at all, this has to be the about the most unpredictable spot we've been in to my recollection. ...

I use to could read several sites and get a handle on silvers price direction with a certain degree of accuracy, but now I'm stumped. When I think it's going up, it goes down, and vice versa.

I've all but given up predicting silver's direction and just report what I see like the news with maybe an opinion. Albeit, that opinion is biased because I like silver.


http://www.kitco.com/reports/KitcoNe...0307JW_pm.html

The most important U.S. economic report of the month, the employment situation report for February, is due out Friday morning. The key non-farm payroll number is expected to come in at up 157,000, while the unemployment rate is forecast at 7.8%. Look for more active trading in the gold and silver markets in the immediate aftermath of Friday morning’s jobs report. China issues its monthly trade data on Friday, and that data, too, will be closely monitored.

[txflyboy]

I finally recieved my last order from Provident for my snakes today. I put that order in on 2/15. This is the longest they have ever taken to ship. But I ordered gold too, so that may have done it....

Anybody running into longer delays?

[PalmettoTree]

Originally Posted by txflyboy

Since I started this thread, If one wants to venture that PMs can be predicted at all, this has to be the about the most unpredictable spot we've been in to my recollection. ...

I use to could read several sites and get a handle on silvers price direction with a certain degree of accuracy, but now I'm stumped. When I think it's going up, it goes down, and vice versa.

I've all but given up predicting silver's direction and just report what I see like the news with maybe an opinion. Albeit, that opinion is biased because I like silver.


http://www.kitco.com/reports/KitcoNe...0307JW_pm.html

That is what happens with all short term predictors of the market place. As soon as a mass of people latch on to a predictor the big boys find a way to trump the prediction.

No one can make the marketplace reverse long term trends. There are too many long term independent influences that create tops and bottoms. Gold and silver has had a good run but people with out discipline lose interest. They are either shoe boxing the little PMs they have of selling for the next video game.

[Wayson]

Let PMs dive. Let them crash into the sewer.

Stacking gives an substantial advantage over people day-trading in metals. We can dollar-cost average our purchases, and fluctuations downwards simply mean that we can get more for less. Of course, we're also tying up a lot of our wealth in a handful of commodities, but the long-term power of inflation means that the overall value of our stack will be at least the same as we paid for it.

[txflyboy]

Ahhhh, my precious. My shiny. I'm holding a ten ouncer here and oh my freakin' God! I need help ... anybody got any thorozine? ...










Little miss muffet sat on her tuffet, eating her curds and whey, along came a spider that sat down beside her, and said " hey!!!, whatcha got in the bowl bitch?!"

[alisium]

[jdode]

When you put the PM in a plastic bag, hold the bag and gently tap the PM with a metal tapper, does it ring everywhere that you tap it or does it have a dull sound in the center?

[PA_Robert]

The 10oz's are nice. Just got my first ones last week. You can hold 10 ASE's but it isn't the same as one chunk of silver.

[Silverivalist]

Did someone mention Soothsayers?

Century 8: Quatrain 28

Les simulacres d'or & argent enflez,
Qu'apres le rapt au lac furent gettez
Au desouvert estaincts tous & troublez.
Au marbre script prescript intergetez.

The copies of gold and silver inflated,
which after the theft were thrown into the lake,
at the discovery that all is exhausted and dissipated
by the debt.
All scrips and bonds will be wiped out.

~Nostradamus

[bill97222]

Originally Posted by mefunkymxw

correct... for the last poster, i think $1.50 face value is roughly equal to 1 toz of silver...

15 dimes, 6 quarters, 3 halves or any combination thereof that totals 1.50

I keep seeing .715 troy oz per $1 face value...

1 divided by .715 equals 1.40... I get $1.40 per ounce, or 5 oz per $7 face value.

Hopefully someone can confirm this because I've spent a little bit of time accumulating $140 face... all the while reckoning that I was amassing 100 oz.

[seeya]

Originally Posted by jdode

When you put the PM in a plastic bag, hold the bag and gently tap the PM with a metal tapper, does it ring everywhere that you tap it or does it have a dull sound in the center?

Think of it as a drum. depending on the shape and where you hit it it will change sounds. Sorry i cannt really answer your question.Do a magnet test if you want to be sure. thats if your talking about pure metal.

[spameggsbaconandspam]

txflyboy, I see that picture of the OPM gold bar and I can't help but think it's slightly ironic (Other People's Money) given the glacial pace of gold repatriation that is happening right now around the world.

Originally Posted by Wayson

Stacking gives an substantial advantage over people day-trading in metals.

Hey, I resemble that remark. I think I get what your saying, I know people that buy the ETFs but no physical for example. That being said, there is definitely room for one to trade and hold physical at the same time. I can short a dip and then place an order for physical with the proceeds. It's almost as good as free bullion.