Silver is taking off today

Discussion in 'Bullion Investing' started by Danr, Feb 28, 2012.

  1. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    How'd I know this would happen? haha..
     
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  3. gboulton

    gboulton 7070 56.98 pct complete

    You're obviously one of the evil JP Blythe Winter Morgue Manipulator trader Lease Buyback insiders!!

    QUICK! KILL HIM BEFORE HE BREEDS!

    :too-funny:
     
  4. InfleXion

    InfleXion Wealth Preserver

    Now why would I do that when other people are willing to let it go for even less? ;) Like I said, major players hedge their inventory in the futures market so they don't care about the price. They don't make or lose money on price. They merely profit on the spread. Otherwise they wouldn't be able to provide real time pricing. Until the day somebody can't get silver this disconnection will continue, and once it is no longer the case it will be like slamming into a brick wall because nobody is even thinking about applying the brakes in anticipation.
     
  5. fatima

    fatima Junior Member

    The Lord giveth and the Lord taketh away.

    silver fall.png
     
  6. Merc Crazy

    Merc Crazy Bumbling numismatic fool

    Look at those big ol candlesticks, lol.
     
  7. JCB1983

    JCB1983 Learning

    Bernanke needs to shut his big yapper.
     
  8. ThinnPikkins

    ThinnPikkins Well-Known Member

    Bernankes says: Just kidding! Go about your business
     
  9. Mr. Flute

    Mr. Flute Well-Known Member

    Well, I'm satisfied with the small amount I sold yesterday at ~$37.
     
  10. Danr

    Danr Numismatist

    This market is nutty
     
  11. gboulton

    gboulton 7070 56.98 pct complete

    Indeed...precious metals are never volatile over the short term. :rolleyes:
     
  12. kookoox10

    kookoox10 ANA #3168546

    In other news, I just picked up a 1000 shares of Blockbuster Video for a Big Mac. I'm looking to sell it next week for a Applebee's 2 for $20 meal deal. I'll let you ladies and gents know how the "flip" works out.
     
  13. fatima

    fatima Junior Member

    Charlie Ergin might have a few thing to say about that since he owns Blockbuster now.

    He knows when to take advantage of an opportunity.
     
  14. x115

    x115 Collector

  15. -jeffB

    -jeffB Greshams LEO Supporter

    Once again the conservative sandwich-heavy portfolio pays off for the hungry investor!
     
  16. luke420

    luke420 Member

    If Bernanke would say something about the gas prices,
    maybe the gas price would drop as fast as PM prices .
     
  17. -jeffB

    -jeffB Greshams LEO Supporter

    I think silver has taken off more than enough at this point. Time for it to start putting some back on.
     
  18. kookoox10

    kookoox10 ANA #3168546

    After today's activity, this thread should be named "Silver is taking the night off".
     
  19. kookoox10

    kookoox10 ANA #3168546

    In a land...heavily dedicated to it's Whopper Jr., the $6 Burger, In and Out's Double Double, and even the five dollar footlong, my investment strategy is sure fire winner. ;)
     
  20. yakpoo

    yakpoo Member

    [​IMG]

    Looks like this was a good buying opportunity...Silver & Gold in on the way back up!
     
  21. jjack

    jjack Captain Obvious

    It is funny how all of sudden bidder activity for coins dip when prices plunge, people where bidding like gold was @ $2000 just a week ago.
     
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