Hey Tozak, i'm keen to keep buying for a while so can you whisper for it to stay low for a bit? Appreciated.
It happens from time to time. Case in point: http://forums.silverstackers.com/message-44537.html#p44537
Stopped at $30.82 for a while. Sharply up this morning to $31.16 this morning and at $31.08 at the moment with probly more to go this week. Tozak has the pulse!
Does anybody know who Perth Mint uses for their spot prices? It already hit A$30.40 according to their chart. (Snapshot taken at 1:42pm Perth time.) For comparison, the Gold Price chart:
i think they use their own version of spot price in order to lock in a slightly higher sales price. This is a common pratise with big suppliers of silver - especially during a bull run. On friday when i bought PAMP i noticed that their spot price was aa fair bit above everybody elses - and of course their selling price is linked to their spot price.
THIS stands in the way (well sorta) IF ol benny boy does not announce QE3 or the hopium is mixed with baby powder were in for $26 or even sub $26. After that though we WILL rally hard hard hard! I am going to set up some short positions -$10Au shy of whatever spot price as of 10:30pm Tuesday and -$0.20cAg and try actively maintain that distance all the way through to the press release will set some longs at $1760+ depending on spot at the time. IMHO look for strange trades prior as there will always be some insiders getting out ~12th, look for direction from crAPPL as when/if the crash comes it will be equities hit hardest. I have no longs in place but if I did the would be closed prior to Tuesday 12th 10:30pm. Ona side note... they love Obama and a crash will kill him... sad really. Probably the fact that Romney is just a vanilla version of Obama has cost Obama his job... Romney will be FAR FAR FAR worse, it will be something to behold. *** edit apparently meeting has been pushed back 1 day*** IMHO there is a snowballs chance in hell of QE3
Will be an interesting meeting, Though I think Silver is right now where it is to see out the year, start moving up again in December. I don't see a $10 move in either direction happening, $1-$2 at most. Think (US$31 - US$36) is the range for the rest of 2012.
Not just you You might like to click on this link and then get googling http://www.abc.net.au/news/2012-08-14/full-version-of-currency-wars/4198830
Silver is still in that US$31-US$36 predicted range, looks like we are coming down to the lower end of that range. Expect a good bounce to occur very soon with a US$31.50 bottom then going back up to US$35 over the coming weeks. The move up prediction at the US$27 range may have been a Great time to buy however the very soon US$31.50 is probably going to be the next best thing if you missed out on loading up in the 20's. Food for thought, time will tell
