Metals Down! [sale]

[ocsdor]

For those of you that were waiting for silver to drop below $28.40; you're welcome.

[REO 54]

Hope this trend holds till' Saturday.26 sounds sound good.I think d-lod was calling this price over on his thread ...."silver correction".Have'nt heard from him in a bit.

[Jodster]

This is bad. Where's the next support for silver? $22?

[Goldfish]

This is bad. Where's the next support for silver? $22?

Looking to enter around the $22 mark so I hope so.

For those of you that have been there before, at what threshold does silver become difficult to buy? Particularly in larger quantities such as a 100+ oz?

[Irons]

Looking to enter around the $22 mark so I hope so.

For those of you that have been there before, at what threshold does silver become difficult to buy? Particularly in larger quantities such as a 100+ oz?

Weak hand panic selling and dealers quietly pulling premium stuff already, dealers claiming they have none to sell @ $22 and under.

[Goldfish]

Weak hand panic selling and dealers quietly pulling premium stuff already, dealers claiming they have none to sell @ $22 and under.

Where would you suggest would be a safe play to get in at for 100+oz? Around $23 or 24$?

[Irons]

Where would you suggest would be a safe play to get in at for 100+oz? Around $23 or 24$?

Man thats a tough one. I based my guesses on the fact silver peaked around $10 higher this last run than the run before it.

So it went from $38 to $9 last time so it should bottom at around $18 this time. Maybe. It might.

See this is why I don't own silver!

I would say watch 5 big web retailers once or twice a day. Apmex, provident, scottsdale, gainsville, and ebay for example.

When you see availability start to drop off make your move. Ebay is a good one for numbers watching.

Good luck and don't worry about nailing the exact bottom, that will drive you crazy. Crazier. Whatever.

[Tinbox]

Heading back down, couldn't break $28.40 or so, tested it twice i think.

Metals not doing too terrible today considering the dollar strength, has moved up an entire point from 81.8 to 82.8 or so......

[southfork]

Picked up 17 onzas today at LCS from 1982 thru 1986, 28 bucks each.

[Tinbox]

Picked up 17 onzas today at LCS from 1982 thru 1986, 28 bucks each.

very nice snag!

[southfork]

Looking to enter around the $22 mark so I hope so.

For those of you that have been there before, at what threshold does silver become difficult to buy? Particularly in larger quantities such as a 100+ oz?

Goldfish you will never know what time is right the market is too rigged, the only thing I know for certain is that the paper game is going to end within 3 years, maybe 3 months, no one knows. Buy some every month and you wont go wrong, the musical chair game will end and you dont want to be left without a seat.

[Goldfish]

Goldfish you will never know what time is right the market is too rigged, the only thing I know for certain is that the paper game is going to end within 3 years, maybe 3 months, no one knows. Buy some every month and you wont go wrong, the musical chair game will end and you dont want to be left without a seat.

I've already got a hefty stake in silver and purchase small amounts frequently. I keep a much heavier position in gold, however, should the opportunity present itself around $22 silver, I'll make a large move in to silver again.

[REO 54]

....how low will she go....26.89 @ closing today,my guess.

[Irons]

Back to Friday smackdowns I see.

I did get 4 1/4 Sovereigns today, cute little buggers first I have ever seen.

[REO 54]

Back to Friday smackdowns I see.

I did get 4 1/4 Sovereigns today, cute little buggers first I have ever seen.

Of course they are cute....It's Gold!!

It did go that low,but I missed my close call. Pffffffffft...still stackin'.

[Irons]

Of course they are cute....It's Gold!!

It did go that low,but I missed my close call. Pffffffffft...still stackin'.

Here they are with a regular full Sovereign. 1, 2, 3, ...Awwwww!

[prophet]

Looks like this thread will continue for sometime yet..........

[REO 54]

Here they are with a regular full Sovereign. 1, 2, 3, ...Awwwww!

My thanks thingy is off.......That is some cute Gold!!

Actually I hate when ...like girls/women call my 2.5 TON weapons carrier "cute"

However...that gold is "foxy" !

[REO 54]

Ok kids....here we go.Could be a good dip come Monday

[Silver Art]

Ok kids....here we go.Could be a good dip come Monday

It will be very interesting to see if $26 will hold tonight and in to tomorrow trading. So far, the $26 support level seems to be holding for silver during the last few retests of this level.

[REO 54]

Paper markets getting pounded.Doom and Gloom financial/economy news prevails still.

Metals getting hit.26 for silver getting tested.Gold down 18+ in over night trading. Set up for snap??

[Irons]

Damnit! Its times like these that my LCS starts using phrases like "well I paid XXX for this so I have to get $10 over that."

[smooth]

I wish it would just break 26 already...

[REO 54]

Damnit! Its times like these that my LCS starts using phrases like "well I paid XXX for this so I have to get $10 over that."

Copy that! However,one shop does at least try to be resonable and offers some metal @ spot + his regluar vig.I'll check him this weekend....when I get off-Island

[Deweydog]

That GSR (Gold-Silver ratio) hanging in at 58-1...

Wonder if there is yet another major beat-down attempt coming?

Hoping gold is rock solid at $1500 Silver holds $25.00

Local Coin Dealers are not going to sell at a loss, would you in their position?

[REO 54]

That GSR (Gold-Silver ratio) hanging in at 58-1...

Wonder if there is yet another major beat-down attempt coming?

Hoping gold is rock solid at $1500 Silver holds $25.00

Local Coin Dealers are not going to sell at a loss, would you in their position?

No,most of us get that.It's just frustrating spot drops and you what to buy metal locally.The big metal dealers Apmex,Tulvings etc seem to have
what you want when such drops occur.

[Deweydog]

No,most of us get that.It's just frustrating spot drops and you what to buy metal locally.The big metal dealers Apmex,Tulvings etc seem to have
what you want when such drops occur.

They have the notoriety, deep pockets and volume to maintain an "in out" replacement core.....sell a 100 oz gold eagles, replace immediately, lock in profit. Small local dealer does not have the action, except on very rare occaisions when everybody on the planet hops on the wagon, up or down.

[Irons]

No,most of us get that.It's just frustrating spot drops and you what to buy metal locally.The big metal dealers Apmex,Tulvings etc seem to have
what you want when such drops occur.

Yep they do and thats usually when I use them. I'm still happy about those 1/4 sovs!

I'll miss them, they sank quickly for such little fellas. I think a bluegill nailed one on the way down.

[REO 54]

Yep they do and thats usually when I use them. I'm still happy about those 1/4 sovs!

I'll miss them, they sank quickly for such little fellas. I think a bluegill nailed one on the way down.

Yikes!Poor guy will be straning to pass that one through!

[REO 54]

Getting pounded on today. The White metal under 27, Gold since 3am pst,has dropped over 17. Crazy markets out there at the moment.

Summer doldrums about to change?

Gold drops 1 percent as Spain worries hit euro, stocks.....

"(Reuters) - Gold prices fell more than 1 percent on Monday as concerns over Spain's financial health pushed the euro to two-year lows against the dollar, pressured stock markets and drove Spanish borrowing costs to euro-era highs."


more at link....http://www.reuters.com/article/2012/...86H16220120723

[Irons]

Sorry about the gold price, I found a big chunk yesterday in a lake. This always happens.

[prophet]

Getting pounded on today. The White metal under 27, Gold since 3am pst,has dropped over 17. Crazy markets out there at the moment.

Summer doldrums about to change?

Gold drops 1 percent as Spain worries hit euro, stocks.....

"(Reuters) - Gold prices fell more than 1 percent on Monday as concerns over Spain's financial health pushed the euro to two-year lows against the dollar, pressured stock markets and drove Spanish borrowing costs to euro-era highs."


more at link....http://www.reuters.com/article/2012/...86H16220120723

It 'feels' as if this is going to be gold's worse year in the last 11.
Will everything deflate? Thats the question.....IMO everything will, including gold.
Gold will go through a deflation period with the rest of the commodities before
it starts to inflate again.

Look out! Pain ahead!

[southfork]

Figures, I bought 30 ounces this weekend, 27.50 per. Sorry guys my fault.

[Silver Art]

Sorry about the gold price, I found a big chunk yesterday in a lake. This always happens.

Naw, it was probably my fault that gold and silver went down today since I bought a 1/20th oz gold 1993 Chinese Panda for melt last Friday (July 20). This is what happens when a silver art bar "hoor" goes out and buys a little gold.

[REO 54]

Ok so here we go again.....riding the rollercoaster. We were up this morning for a bit and then.....nosedive.

Good thing this is all based on fundementals so we know how to adjust accordingly.......Pffffffft!
This is paper loss IMO,but unfortunately it reflects in physical.....for now.

Again,sorry for my bad posting behavior Au-Myn.......I allowed myself to be KEEFED!

[Irons]

Took advantage of the sale and bought 8 sovereigns @ $8 over spot each.

Expect further drops now, that is all.

[platinumdude]

Took advantage of the sale and bought 8 sovereigns @ $8 over spot each.

Expect further drops now, that is all.

I bought 3 buffalos. Expect a major drop.

[REO 54]

Well,not to dog pile but.....I bought 10 oz maples and 1/4 gold eagle. Crap, we have that much influence or is it the Ju' Ju' involved?

[smooth]

Took advantage of the sale and bought 8 sovereigns @ $8 over spot each.

Expect further drops now, that is all.

Jealous best I can find local is 20 over

[REO 54]

Jealous best I can find local is 20 over

Wow. That's bummin'. Your LCS must have bought real tall.

[smooth]

Wow. That's bummin'. Your LCS must have bought real tall.

I guess. What store do you frequent when on the mainland if you don't mind?

[Irons]

Well,not to dog pile but.....I bought 10 oz maples and 1/4 gold eagle. Crap, we have that much influence or is it the Ju' Ju' involved?

JuJu for sure.

Now when the wife asks why I'm eating PB & J and ramen noodles every day I'll tell her I'm on a diet not broke.

[southfork]

Picked up 11 morgans xf plus from LCS for 24 each on way home from work today.

[REO 54]

I guess. What store do you frequent when on the mainland if you don't mind?

LCS at MT Vernon wa in the old town.

[smooth]

LCS at MT Vernon wa in the old town.

They do seem to have fair prices with fractionals, inventory can be an issue sometimes.

[REO 54]

Here comes the smackdown before the FOMC meeting. G & S off on the openning bell.....how low will she go??

[REO 54]

Here comes the smackdown before the FOMC meeting. G & S off on the openning bell.....how low will she go??

Pffffffffffffffft was I off today!!

I actually own a crystal ball. They just look pretty......no future tellen' here. Surprised in the up tick though.....sheesh cartoon world..for now.

[REO 54]

Slam bam thank you mam'..........

Ok Debbie Downer, will it go low enough?

[Silver Art]

Slam bam thank you mam'..........

Ok Debbie Downer, will it go low enough?

I think that it will go down to the $30-$31 range and briefly stay there for the time being before it possibly goes down to retest $26 before this year is over. This is just a WAG here. We will have to see how things play out.

[REO 54]

.....gold is on sale today!