Welcome_Stranger
New Member
$34 @ months end. Hopefully less. I need to buy more....
ws
ws
$40 silver
- Thread starter goldpelican
- Start date
Nub Cannon
New Member
Welcome_Stranger said:
I have a feeling that if the price drops to $34, the premiums will still be high
I sure miss the days before $30+
The Economist has an article pointing out that the Saudi's calmed the price of oil - POI - by taking up Libya's drop in production. If the world thinks that Saudi supplies are in danger then all bets are off. End of global recovery and meltdown. Article says investors count a 0.25% drop in world growth per 10 percent oil price rise. Global growth predicted at barely 1.5% this year, and 20% increase in POI so far. Saudi could be the deal breaker.silverstacker said:
Nub Cannon
New Member
Yeah, it's quite unfortunate. These premiums are really killing my cost averaging; my local coin shop is charging $40 for Maples :O
Nub Cannon
New Member
I haven't seen silver just hover around a price ($36) with minimal changes in price for so long, I wonder what's going on?
$36 is pretty resistant and looks like it's waiting for something.
Possibly waiting on the announcement of QE3 or the extension of QE2 which the Fed really has to do this month.
If QE is a green light it'll be buy, buy, buy.
If QE is denied (there is a very strong case for that) JPM don't have to do anything as people will bail out driving the price down.
Possibly waiting on the announcement of QE3 or the extension of QE2 which the Fed really has to do this month.
If QE is a green light it'll be buy, buy, buy.
If QE is denied (there is a very strong case for that) JPM don't have to do anything as people will bail out driving the price down.
Nub Cannon
New Member
Keep printing America! I guess right now is the calm before the storm.
Silverthorn
Well-Known Member
Nub Cannon said:
I seem to recall it took forever to clear the 18.50 area. Once it did it did well. This is nothing. With the current trend and chart pattern you'd have to think it will break higher but nothing is a given I guess.
NO! I'm still short my target. Don't print yet America! Bring on the significant dip that would last 6 months then to the moon!
Nub Cannon
New Member
Silverthorn said:
Oh that was way before I got into silver, I wish I got in then. I started investing in silver in mid december 2010 so I'm not really used to a lull in the market
euphoria said:
mmmm, maybe. :lol:
Goldmember
Member
sammich said:
Wondering why we're in the $40 thread and we havent even made it yet??!! (of course we will soon...just that we're jumpin the gun a bit)
zygote
Member
I'm sure there will be more resistance (or "apparent resistance" if you know what I mean ) than we expect. I don't expect to see $40 for at least 2-3 weeks. Who knows what could happen after last week though...
Goldmember, as for why, its on everyones mind, and this is as good a place to talk about it as any. Still, it is fun trying to be the first to post at each dollar up, after it reaches that point.
) than we expect. I don't expect to see $40 for at least 2-3 weeks. Who knows what could happen after last week though...Goldmember, as for why, its on everyones mind, and this is as good a place to talk about it as any. Still, it is fun trying to be the first to post at each dollar up, after it reaches that point.
cdnmetalmetalhead
New Member
lolz this thread was here in early march
too soon?
too soon?