Where Is Silver Going !?!?

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

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  1. opti

    opti Member

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    I dont think this cat has done bouncing, friday I expect it to be near the mid 20's
     
    opti, Sep 28, 2011
    #161
  2. metalzzz

    metalzzz Well-Known Member

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    spoke too soon
     
    metalzzz, Sep 28, 2011
    #162
  3. metalzzz

    metalzzz Well-Known Member

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    back to 27?
     
    metalzzz, Sep 28, 2011
    #163
  4. thatguy

    thatguy Active Member

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    If it crashes through 30.50 I expect ~$20, no boring bit ay? :D
     
    thatguy, Sep 28, 2011
    #164
  5. metalzzz

    metalzzz Well-Known Member

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    if it goes to 20 i will be the happiest man alive
     
    metalzzz, Sep 28, 2011
    #165
  6. metalzzz

    metalzzz Well-Known Member

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    why 30.50?
     
    metalzzz, Sep 28, 2011
    #166
  7. BBQ

    BBQ Member

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    20? I would curse daily for a week if it reached 20, since I should have waited :)
    And of course I'd make an order at that price :)
     
    BBQ, Sep 28, 2011
    #167
  8. metalzzz

    metalzzz Well-Known Member

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    i bout some bars yesterday so that guarantees that it will go down.
     
    metalzzz, Sep 28, 2011
    #168
  9. thatguy

    thatguy Active Member

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    36% retracement from the height of the bounce and the tea leaves told me so... in chinese
     
    thatguy, Sep 28, 2011
    #169
  10. Diablo21

    Diablo21 Member

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    When spot was this low last time ($31 - $32 US), I wasn't into silver. I got in at a bit higher spot but looking back at my invoices, the coins/bars I bought with premium back then are/were cheaper than what I can buy them now. I haven't seen much of a benefit from this drop personally.
     
    Diablo21, Sep 28, 2011
    #170
  11. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    I personally expect premiums to come down, but it will take some time.
     
    SilverSale, Sep 28, 2011
    #171
  12. fishball

    fishball New Member Silver Stacker

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    Think the premiums are higher due to the increased volatility of the Silver price...

    They gotta take a larger risk so pass on some of the cost to the customer. Makes sense.

    If it stays consistent at around $30 the premiums should come down.
     
    fishball, Sep 28, 2011
    #172
  13. Diablo21

    Diablo21 Member

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    Hopefully.

    I find it funny seeing all the local dealers I deal with, bitching about the price drop. I guess they forget about the times when they buy cheap and the prices goes higher, I didn't see them giving discounts because silver went to a much higher price than what they had paid for it.
     
    Diablo21, Sep 28, 2011
    #173
  14. metalzzz

    metalzzz Well-Known Member

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    Perth mint kilo bars were def cheaper than a few weeks ago. Didn't really look at the coins though
     
    metalzzz, Sep 28, 2011
    #174
  15. col0016

    col0016 Active Member

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    I could be wrong but I don't think being a dealer is very lucrative... buy at a bit oveer spot, sell at $5 or whatever over spot.
     
    col0016, Sep 28, 2011
    #175
  16. Diablo21

    Diablo21 Member

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    I think they do alright, I know a few dealers that are living quite comfortably ;)
     
    Diablo21, Sep 28, 2011
    #176
  17. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Up $1 in the last 10 minutes!
     
    RetardedMonkey, Sep 28, 2011
    #177
  18. BBQ

    BBQ Member

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    w00t(ies)
     
    BBQ, Sep 28, 2011
    #178
  19. thatguy

    thatguy Active Member

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    Where Is Silver Going !?!? UP^
     
    thatguy, Sep 28, 2011
    #179
  20. poon88

    poon88 New Member

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    Lol just went up 5%. I would love a MASSIVE Drop to $20 so i can buy some more real cheap :)
     
    poon88, Sep 28, 2011
    #180
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