Silver SMACKDOWN is coming, might hit $15 USD
- Thread starter leon1998
- Start date
-j-p-shmorgan
New Member
leon1998 said:JM Bullion is selling Silver Elephant at 2.99 above spot; Silver Libertad at 2.85 above spot.
ANY QUANTITY and FREE SHIPPING, Good deal
Would rather have 10 oz bars under $17/oz USD actual price...
Will buy more when I can pay under $16.50.
I wouldn't be buying unless your taking a position on this greek thing. It shouldn't effect the market that much but just because of sentiment it does. A yes vote will probably knock a couple percent off the spot straight away. Even with forex built in. It's stupid because it doesn't solve anything (might mean more elections and more delinquent loan payments/end to emergency liquidity) and we'll be back here with Greece again before too long I'm sure plus Italy which is MUCH bigger and Puerto Rico. Then there's China. And they were calling the market volatile 6 months ago.
TLDR: yes vote might save you 20 cents an ounce if you get in on it quick enough.
TLDR: yes vote might save you 20 cents an ounce if you get in on it quick enough.
-j-p-shmorgan
New Member
Even if silver drops another $1 - it doesn't mean it will be the best time to buy physical.
In fact, I've noticed an increase in premiums when the spot price drops.
I'm very happy to buy for under $17 USD shipped.
If spot hits $14, what if dealers all have $4 and $5 premiums?
Seems to me, buying when premiums are lowest provides the best dollar cost avg & price on phys.
In fact, I've noticed an increase in premiums when the spot price drops.
I'm very happy to buy for under $17 USD shipped.
If spot hits $14, what if dealers all have $4 and $5 premiums?
Seems to me, buying when premiums are lowest provides the best dollar cost avg & price on phys.
-j-p-shmorgan
New Member
SilverPete said:
Yeah, I think it's close enough to happening. Just waiting on an event to trigger a big rally.
phrenzy said:
You have to look at the currencies, not the gold price. A yes vote would cause the Euro to rally and the USD to drop which will push gold up. If it's a no vote it'll do the opposite. This is of course not taking into account anything domestically economically associated with the US and the interest rate debate.
Non-farm payrolls out in 10 mins. Looking for a big pay day for the beginning of the new financial year.
Took the AUD/USD for 40 pips for 10 lots at 100:1 leverage and another 20 pips for 5 lots at 100:1 on the retracement
Also the number were junk as far as the chance of an interest rate rise in September. Both participation rate and average hourly earnings were down
mmissinglink
Active Member
-j-p-shmorgan said:
The problem with that 'theory' is that there's no good reason to believe that it's inevitable and in fact, last time silver spot approach USD $14 in 2014, premiums were still very low on mosr silver bullion products. Seems like there's no shortage of silver for anyone and everyone who wants truck loads of it. $14 silver, free shipping, low premiums, and no sales tax...now that's the time I will back up the truck. Come on $14 silver!
I like silver....it's shiny.
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leon1998 said:Wait for the moment to pick up some rounds.
Hopefully there will be some special promotion on July 4th, from online bullion dealers
leon1998 said:JM Bullion is selling Silver Elephant at 2.99 above spot; Silver Libertad at 2.85 above spot.
ANY QUANTITY and FREE SHIPPING, Good deal
you tell us to wait to buy because it will hit $15 real soon. and then 2 minutes later in the very next post say that $3 over spot is a good deal right now?.. put down the colloidal silver leon
-j-p-shmorgan
New Member
mmissinglink said:
Wishful thinking. I remember people saying when spot was $9, you couldn't buy it for under $15.
THAT's my whole point with the importance of premiums & their fluctuations.
It makes a major impact on overall cost. Moreso than a sideways spot price.
-j-p-shmorgan
New Member
ego2spare said:leon1998 said:Wait for the moment to pick up some rounds.
Hopefully there will be some special promotion on July 4th, from online bullion dealers
leon1998 said:JM Bullion is selling Silver Elephant at 2.99 above spot; Silver Libertad at 2.85 above spot.
ANY QUANTITY and FREE SHIPPING, Good deal
you tell us to wait to buy because it will hit $15 real soon. and then 2 minutes later in the very next post say that $3 over spot is a good deal right now?.. put down the colloidal silver leon
That's awesome. lol :lol:
banks kept their metals
New Member
Bought more silver today.
all this Greece drama, and the China market slump, and the FED likely finding yet another excuse to not raise the interest rates.
just had to buy a few tubes of Maple Leafs.
One day, people will realise the people who are in charge of running these countries don't have a plan other than adding to the debt and believing it will be all OK in the future.
Yeah right.
I'll add to my stack and take my chances with it in the future.
all this Greece drama, and the China market slump, and the FED likely finding yet another excuse to not raise the interest rates.
just had to buy a few tubes of Maple Leafs.
One day, people will realise the people who are in charge of running these countries don't have a plan other than adding to the debt and believing it will be all OK in the future.
Yeah right.
I'll add to my stack and take my chances with it in the future.