Just glad I put my order in for more silver roses yesterday rather than today...rather large difference in price now!
I'm not a commentator or an expert but I have a theory. Perth Mint, Royal Canadian Mint, and a few other mints that are releasing coins soon took a major long position just to torture the collectors and make them pay even more for the upcoming releases. Mainly for the dragons, not so much for cougars and others. There you have it, should I start a Youtube channel now too?
What they gonna do ... raise the margin requirements again??? :lol: Hope they do actually ... let them use up what little ammo they have left! then we can separate the sh1t from the shovel and move straight to a physical market... then we'll see some great smackdowns - but it wont be silver :lol:
Definitely not as I expected. Gold train must have pulled into a station and the Silver train is like 'fuck this' and left its station
Stop speculating fellas, spot will go up and down. Don't try to pick top and bottom, has been done before and most get burnt. Rather, plan your buy strategy carefully. We are in PM as a good wealth management. Gambling strategy negates the whole benefit of PM exposure.
About $US50 a 1oz coin with spot at this level if the dealers sell at the usual premium over spot *cough* *cough*
Touched AUD40.04 again So After the last high of AUD42.49 on Aug 23 it was knocked back down to AUD 37.03 on Aug 25 It has taken 8 days to get back to AUD40.00 And the gain in the last few hours has that "Gunna be smacked again" look
US non farm payroll came in at zero. Virtual negative employment data. Makes qe3 unavoidable and market pricing in accordingly.