If anymore is looking to offload their silver following this correction (particularly round 50 cent coins) then I would welcome hearing from them via PM as I am keen to keep buying.
EXACTLY ... that's the first thing that popped in my head when I saw the chart this morning, tempts you then dams you to hell. Anyway hopefully its just temporary for the people that are still well and truly invested
OK dumb question from a newbie, sorry I know I could probably find this eventually but as you can all probably imagine as to why...I am in a hurry and feel this will prove fastest What is GSR What is POS What is a "bear trap" I was directed here from an Australian friend from shtfplan.com a week ago or so, and just tonight I was on my way out the door to meet someone off craigslist and buy $600 of junk silver coins. Right before walking out the door, I checked out silver spot (don't know why, just darn glad I did) and noticed it dropped like $4.50 in a blink. I called the guy back and declined for now....I didn't understand nor do I still why or what is going on? Just don't want to make a purchase (this is savings money I have earned lately and worked hard for....not a rich guy....not even comfortable, in fact I am poor by American standards) So now I am wondering what to do? go ahead and call him back and ask if he wants to sell at a lower price to reflect the current spot price vs his friday close spot price? buy from Gainesville.com (buying from online makes me as nervous as a whore in church) I only have a $300 a day limit on my bank debit card?? Answers and suggestions in a time like this would be greatly appreciated...thanks Brandon
GSR = Gold Silver Ratio, currently at 30-ish POS = price of silver or piece of sh*t Bear trap is a dip in the market which makes bears freak out
Thanks Fish ETPMAG?? SO do most think it will go back to $48? stay at 44-45 or go down? It is so hard to discern and know what to do huh? So many different people say so many different things....appreciate the knowledge/help/info thanks Brandon
How much contribution would the latest margin increases have had? http://online.wsj.com/article/BT-CO-20110428-726362.html By Tatyana Shumsky Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Exchange operator CME Group Inc. (CME) raised margins for Comex silver futures for the second time this week as silver prices soar amid much volatility. The higher margins take effect at the close of trading Friday, the exchange said. The CME revises its margin requirements as a normal course of business, and has previously raised bond requirements during times of high volatility to guard traders against additional risk. The operator owns New York Mercantile Exchange, which trades silver on its Comex division. For speculators in the benchmark 5,000-ounce silver futures contract, the exchange is raising initial margin requirements, or the deposit required to purchase a contract, to $14,513 per contract, up from $12,825. Maintenance margin requirements, or the additional capital needed to keep the contract overnight, will increase to $10,750, from $9,500. For hedgers and exchange members, both the initial and maintenance margin requirements will also increase to $10,750 from $9,500 per contract. CME also raised margins for the Comex silver trade at settle contracts, which allow traders to lock in the day's settlement price for their purchases or sales. Additionally, the exchange raised initial and maintenance margins for Comex Miny silver futures and the E-Mini silver futures contracts. Thursday's increase follows a similar margin increase Monday, and comes during the astonishing volatility in silver prices. Silver posted another huge price swing Thursday, with the front-month contract rising 3.4% to a record settlement of $47.520 a troy ounce. Investors have been flocking to this relatively small market to take advantage of the metal's much lower price than that of gold, which is sky high. -By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; [email protected]
I think its a tad too early to call this a short term bear trap. It COULD be... but are you calling a bear trap because you WANT it to be? Are you just being emotional? When silver hit $21 before the drop to $9... at what point did it stop becoming a bear trap? After a drop like this, you need much more information to start calling it a bear trap. infact, right now its making last week look like a BULL trap.
I just put an order to Bullionmark for 20 x 1 oz Swiss Pamp before the price goes back to where it was
Filled the 44-45 downgap pretty confidently. Now where? [imgz=http://forums.silverstackers.com/uploads/796_capture.jpg][/imgz]
Gold Silver Ratio is rapidly "correcting" to it's lows - it was over 36 earlier this morning, now it's back to 34.5.
Not at all - they're 0.7735oz. http://www.silverstackers.com/calculators/index.php?page=3 American Silver Eagles (the modern bullion coin) are 1oz - historical circulating currency are not.
Huh? thats an image from ages ago - but its coming up as my newly uploaded one... had the same filename tho -ill change it and try again... ignore that tho.
