Where Is Silver Going !?!?

Discussion in 'Silver' started by SilverSale, Sep 23, 2011.

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  1. thatguy

    thatguy Active Member

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    woohoo just put 22k into unallocated :p
     
    thatguy, Sep 23, 2011
    #41
  2. 940palmtx

    940palmtx New Member

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    Sucks to be me LOL
     
    940palmtx, Sep 23, 2011
    #42
  3. jedichampion

    jedichampion New Member

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    atleast theres action now not like going from 39 to 42/oz back and forth
     
    jedichampion, Sep 23, 2011
    #43
  4. Diablo21

    Diablo21 Member

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    Exactly. I was at the coin store today and was talking to the lady and she said the owner is pretty pissed off that spot fell, he bought a bunch last week at higher prices. In the next 20 minutes and older guy came in with 600 1 oz silver maples to sell. So the moral of the story is, there will always be sellers and I don't know why the owner was mad, he has been in business for 40 years and should know better.
     
    Diablo21, Sep 23, 2011
    #44
  5. 940palmtx

    940palmtx New Member

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    +1 exciting for me since this is the first major action, up or down I've been a part of
     
    940palmtx, Sep 23, 2011
    #45
  6. Cimexus

    Cimexus Member

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    Hm what a day to buy my first silver. I bought at lunchtime - after the initial dip but before this ... insane plummet ... that began in the last hour. Damnit! If I had been busier at work or something I would have held off to buy till now.

    Although it kinda doesn't matter that much since most sites aren't updating the prices to correlate with spot very quickly. Bullion Bourse still has the same prices as I bought from them earlier in the day, even though spot has fallen $1.50 since then. Their prices tomorrow might be nice though. Maybe I should buy a bit more ;)
     
    Cimexus, Sep 23, 2011
    #46
  7. ozbullion

    ozbullion Well-Known Member Silver Stacker

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    house price drop, currency drop, sharemarket drop, precious metal drop, interesting....

    what's the best investment now?
     
    ozbullion, Sep 23, 2011
    #47
  8. Ouch

    Ouch Active Member

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    US dollars
     
    Ouch, Sep 23, 2011
    #48
  9. 940palmtx

    940palmtx New Member

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    Corn? LOL
     
    940palmtx, Sep 23, 2011
    #49
  10. systematic

    systematic Well-Known Member

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    reality
     
    systematic, Sep 23, 2011
    #50
  11. 940palmtx

    940palmtx New Member

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    This isn't really unexpected. Gold it's been said, could correct down to 1680-1650, so silver following isn't a bit odd
     
    940palmtx, Sep 23, 2011
    #51
  12. 940palmtx

    940palmtx New Member

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    Compared to gold, silver is getting a serious hatin for China's slowing manufacturing. Just shows how dependent Ag is on industrial demand as opposed to investor demand, which is actually great for the long term
     
    940palmtx, Sep 23, 2011
    #52
  13. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Where is Silver going you ask?
    TO DA MOOOOOOON.

    If the moon is located in your basement.
     
    RetardedMonkey, Sep 23, 2011
    #53
  14. renovator

    renovator Well-Known Member

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    Brothels
     
    renovator, Sep 23, 2011
    #54
  15. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    It's got very little to do with the manufacturing in China - global events aligned around the world are going to have a serious effect on the bulk of asset classes (pm's included) - easily seen if doing even the most basic of charting.
     
    SilverSale, Sep 23, 2011
    #55
  16. silvertongue

    silvertongue Member Silver Stacker

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    Depends on the day
    I'd be concerned if I didn't see all sorts of other commodities dropping like a stone with simultaneity. So, who's buying the USD all of a sudden? :/
     
    silvertongue, Sep 23, 2011
    #56
  17. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    And cocaine. Lots of cocaine.

    That's a wealth store right there!
     
    RetardedMonkey, Sep 23, 2011
    #57
  18. grinners

    grinners Active Member Silver Stacker

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    Selling stocks/PM's/RealEstate for US dollars is the same as buying US dollars with stocks/PM's/RealEstate.
     
    grinners, Sep 23, 2011
    #58
  19. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    If silver falls below $25 USD and stays there for a while, i will feel as if i got 5 years younger.
     
    THUCYDIDES79, Sep 23, 2011
    #59
  20. Troy oz

    Troy oz New Member

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    Hopefully the G20 meeting won't bring a worldwide printathon, next week Im gonna have to organise some new storage space!
     
    Troy oz, Sep 23, 2011
    #60
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