Silver Is Trending Down/Up....

petergunn said:

my shopping list;

1 of these

http://www.apmex.com/Product/65235/MintDirect®_2012_1_oz_Gold_American_Eagles_20_Coin_Tube.aspx

2 of these

http://www.apmex.com/Category/1206/Silver_American_Eagles_Sealed_Monster_Boxes.aspx

and 1 of these

http://www.gunsamerica.com/907735464/Guns/Rifles/Class-3-Rifles/Class-3-Subguns/1921_Thompso.htm

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I like the way you think. I'd perhaps substitute the Thompson (while very cool) with a short barrel select fire M4-clone of some type.

txflyboy said:

If gold or silver go anywhere near your projections, there won't be any for you to buy because I will buy it all. :thumb:

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Which is why I don't think it will get to that level. IMO there is a bunch of pent up demand for physical at those prices, so we may never see them before we see the "out of stock" notices.

DirtD4er said:

I got 20 ASE at $29.20...hoping it goes down to $25 or so so I can order some more

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Where? Under $30 out the door/shipped for ASEs is my target.

So Banker X, from the same mold as the rest of the bankers we all love to hate, who are out to seemingly pillage the middle class and drive the country to collapse, is suddenly the oracle of the future and everyone is buying this?

No offense txflyboy, but I think he was bull****ting you. Or he was Porter Stansberry in disguise.

I'm still looking for $30 ASEs shipped (or out the door). If spot would just eke down a little I'll add another 40oz or so. Too bad it jumped back up on Friday. Unfortunately I've been getting hit with medical and home expenses left and right this year or I'd have added more already.

Sooooo close to my $30/coin cutoff... APMEX is selling silver Eagles for $30 even if you buy 500 of them. If I can get 40 of them for $30 shipped per coin, I'll finally hit my goal of what I want to hold in physical silver.

Come on silver, tank for me baby, just a little more!

alisium said:

I can't see any difference between rounds and bars, despite personal asthetic preferences.

Rounds and coins is a different story.

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Exactly, coins are superior to rounds/bars. Government mint products generally are easier to sell/trade than generic rounds or bars. Some of the bigger private mint names may not have this problem, but IMO paying a slightly higher price for a government mint product for future ease of trade is worth it.

txflyboy said:

Many posters in other forums that I lurk are waiting for the sub $26 range.

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That's my buy in point as well. It seems the herd is patiently waiting... which could be bad, as following the herd is usually the wrong move.

txflyboy said:

10 Explosive bubbles that will kill capitalism.

http://www.marketwatch.com/story/10-explosive-bubbles-that-will-kill-capitalism-2012-07-03


I am liking this guy Paul Farrell quite a bit. He pulls no punches. Halfway down the page, you can read more of his articles under his 'About Paul Farrell' header.

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"Bottom line, Americas new Ayn Rand style of extreme capitalism is self-destructive."

What planet is this guy living on? Can anyone name even one example of "Ayn Rand extreme capitalism" these days? All we see now is Big Government colluding with Big Buisness to crush competition and dissent. Perhaps my understanding of Rand is off.

Jash said:

Wouldn't that be the definition of extreme capitalism?

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Rand was all about laissez faire capitalism, which is the opposite of the collusion we see today.

txflyboy said:

Hook me up buuuuuudy! :

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LOL, that is the last pic I'd ever guess you would post. Does the Weez <3 silver?

Sundsvall said:

With the new 1099 requirements in the Obamacare Act around the corner, the legal tender status of the government bullion will be more advantageous.

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Those were repealed... unless I'm thinking of something different.

Sundsvall said:

It was? That's good, because those reporting requirements would have been a huge burden.

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Here you go:

http://www.journalofaccountancy.com/web/20114071.htm

In case anyone is interested, as of this post you can get ASEs for $29.85 from BullionDirect (a good company, I've dealt with them in the past), no minimum. We've breached the $30 mark.

Bud said:

...their buy price is based on that weight. The same thing with bars, rounds and ASEs.

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Any dealer that lumps ASEs in with rounds and bars is one I wouldn't deal with. They will sell them at a premium compared to the rest, so there's no way I'd let them go for the same price.

SurvivalNurse781 said:

So with that being said, where do I buy silver?

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Take note noobs, this is the polite way to ask for help. Plus you're a nurse so I like you.

I've found that BullionDirect is killing everyone else with their prices lately for small and medium orders. If you've got the $$$$ to spend all at once Tulving can't be beat, ever. APMEX is good, if a bit on the more expensive side. GainesvilleCoins has decent prices but they don't accept personal checks and that's a no-go for me. There's a guy on this forum (Alisium, I think?) who has decent prices as well and it's always nice to support the home team.

If you're buying less than, say, $200 at a time, your local dealer will probably be the way to go, as their markup + tax will probably beat shipping from the online dealers.

http://www.marketwatch.com/story/silver-how-low-can-we-go-2012-08-02

I am still potentially expecting a small rally to complete within the next week or two, which can take the futures to either the 28.75 region or as high as the 29.85 region. It is from this region that I will be looking for a decline which can target the 22/23 region for the final move down in the futures, before a potentially parabolic rally were to begin.

... if the market were able to move over the 30.50 level on large buying volume, then this could signal that the rally has begun, with confirmation coming with a move over the 31.25 level.

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sierra skier said:

He closed by saying "We could see a 100% increase in 90 days."

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Volatility like that would mean the downside risk would be just as great. I'm definitely of the buy/hold camp when it comes to PMs, but if I saw silver double in 90 days I'd sell every last ounce I had and wait for the price to plummet once more.

Lono said:

It would be tempting, but the problem becomes what if, before it drops very much, the $ hits the fan, :. At that point there will be no PMs for sale anywhere. I don't want to be left holding paper.

It reminds me of high risk musical chairs.



Beat me to it Mil, but I had already submitted this.

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If the silver market was so volatile that it doubled in price in 90 days the odds of it being beaten back down by a large margin by profit takers would be almost certain. Yes there is risk there but the reward would relatively be huge.

Vette said:

I'm hoping to never need my silver. I'm saving it and if I don't need it then I guess somebody is gonna get a nice inheritance. I'm not playing any games with selling off parts and rebuying when it drops. If I was gonna do that, I would do stocks. Equally as rigged but more convenient.

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I wouldn't call smart wealth management a "game". If an opportunity came along that would allow you to possibly double your holdings of PMs with relatively little risk, you take it.