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Silver taking elevator down, gold behind it

southfork

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#1
No manipulation here right, they just decided to go south
 

andial

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#3
The people who dumped those contracts take orders from lindsey graham type people.
 

Howdy

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#5
I'm still waiting for $16 silver. Spot may get that low but I doubt silver will.
 

savvydon

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#6
I'm still waiting for $16 silver. Spot may get that low but I doubt silver will.
Premiums are pretty low these days. Sure there may be some down side right now, but I think there is more upside potential in the long run. If you are in it for the long haul I doubt it will make a huge difference whether you bought at $16 or $18. 2c
 

stAGgering

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#8
Premiums are pretty low these days. Sure there may be some down side right now, but I think there is more upside potential in the long run. If you are in it for the long haul I doubt it will make a huge difference whether you bought at $16 or $18. 2c
Low premium = high supply = low sales.
Fish around, sales of physical are not increasing.
Calm before the storm in which wind changes direction.
 

Howdy

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#9
Premiums are pretty low these days. Sure there may be some down side right now, but I think there is more upside potential in the long run. If you are in it for the long haul I doubt it will make a huge difference whether you bought at $16 or $18. 2c
Spot has been in the sixteens several times in the last couple years and each dip physical was NOT available without significant premiums. As long as spot is around where it is now, Premiums are lower. It seems physical silver is eighteen no matter what spot is. I guess it doesn't matter much but I'd still be more apt to back up the truck if I could get it at $16 than $18.
 

Fjpod

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#10
Just paid 13.3 x face for 90%. Virtually the same price I was paying almost 4 months ago when silver was around $16. My lcs has tons of it.
 

southfork

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#15
Just paid 13.3 x face for 90%. Virtually the same price I was paying almost 4 months ago when silver was around $16. My lcs has tons of it.
Bought a bag of quarters Monday at 3.12 each 780.00 worth , took a bit of haggling but got it . Not sure what that beaks down to x wise was under on Monday 3.25 is melt today.
 

savvydon

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#16
Bought a bag of quarters Monday at 3.12 each 780.00 worth , took a bit of haggling but got it . Not sure what that beaks down to x wise was under on Monday 3.25 is melt today.
12.5x face. Under spot. Tough to argue with that buy.
 

stAGgering

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#18
It's the Final Countdown !


Well... halfway to 16's anyway.
Sing it, this musically horrendous, big hair, synthesizer embossed, cocaine nightmare.