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View Full Version : Bloomberg reports $47.25 silver close 4/22/2011


southfork
04-23-2011, 09:10 AM
Might want to run to the local dealer and get the last buy under $50 bucks.


Silver for immediate delivery climbed 2.1 percent to $47.25 an ounce

http://www.bloomberg.com/news/2011-04-22/gold-advances-to-a-record-poised-for-a-third-weekly-gain-on-debt-concern.html
HistoryStudent
04-23-2011, 10:42 AM
Silver eagles are way over $50 now.
SilverFish
04-23-2011, 10:56 AM
Just sold 150 mixed Silver Eagles to a guy on Craigslist for 50 each.....cash money. After the "50 dollars is gonna be the top" people are shaken out of the game, and the price drops I'll get back in with more. Maybe the correction wont even happen. Not too worried about it though. Just took the gamble.
southfork
04-23-2011, 12:28 PM
Just sold 150 mixed Silver Eagles to a guy on Craigslist for 50 each.....cash money. After the "50 dollars is gonna be the top" people are shaken out of the game, and the price drops I'll get back in with more. Maybe the correction wont even happen. Not too worried about it though. Just took the gamble.

Nothing wrong with taking some profits on the way up, I wouldnt want to be all out though in the event the new lows become 60 or 70 bucks.
SilverFish
04-23-2011, 01:39 PM
Nothing wrong with taking some profits on the way up, I wouldnt want to be all out though in the event the new lows become 60 or 70 bucks.

Well, I figure what I sold in ounces was a fairly small chunk of what I have in total, most of it purchased at between 9 and 12 bucks/oz, so doing the math, I figure I sold less than 1/16 of my total silver holdings and got back 1/3 total original dollar investment. The rest is cake. Wont be selling anymore until I see how things play out for a couple a months.