Silver Is On A Tear Today

This market laid to rest the arguments about which type of silver is best for quick cash at the best price during major bull markets. The ASE won hands down. It doesn't mean other types of silver aren't good - but other types may be thought of more as collectibles in the spectrum. I am also a fan of Engelhards, though they typically carry a premium, and from my experience the local coin shops will treat it as common silver when buying back.

 

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JM Bullion is part of Stacks-Bowers ?

 

JM Bullion and Stack's Bowers are subsidiaries of A-Mark Precious Metals.

 

Quick sharp spike on silver and gold this morning. I guess everyone's nervous about Pakistan and Afghanistan.

 

Plus The US just told embassy staff in Israel to leave NOW .

 

Wow...I believe A-Mark was the actual firm that won the bidding for the Redfield Hoard 50 years ago....I have an actual news piece from CW on it.

 

That would also explain why SB, which sold certified and graded Fairmont Collection coins, would sell non-certified or non-graded coins from the hoard through a mass market outlet they own.

 

YEAAAAAA!!!!! Well exactly 3 weeks on the day, My order was processed All my coins were real, As I suspected , They graded my maples half culls and half random year. The same with my eagles half random year half culls. I was charged $32.50 for pickup and shipping through fed ex . The only mistake in my order was I thought I had an extra panda in my order that they show I did not have. I will check but they may be right. OTHER WISE Its Gonna be burger time real soon!
EDIT:: I was still paid all the prices I thought I was supposed to get On the Cull and random year coins. Paid the same.

 

Gold and silver really shot up today. Silver ended around $93.50 the last time it looked at the price.

 

Gold is really holding $5,000 strongly. Definitely bullish.

 

Both gold and silver are holding well and showing signs of being bullish. It may have jumped up due to the talk of a possible air strike against Iran. Still, it’s holding.

 

Not financial advice, but it looks like silver will revisit $100. Yes, this looks like it is Iran-related. Polymarket has the odds of a strike by the end of the year at 79 percent, and by March 15 at 59 percent. This suggests the strike will be pretty soon, but the market believes the U.S. will take some time to plan for it.

 

Spike or bubble prices -- like $50 in 1980 for silver and $800 for gold -- were levels that were unsuported by moving averages and smoothed averages.

Gold was really well-supported in the $350 range and silver maybe $12-15 or so. Over the next 2 decades that's where gold spent most of it's time give-or-take; silver over the next 4 decades, burning off a much larger move.

The more time gold spends above or near $5,000 -- even $4,000 -- the stronger a base we'll have for a higher rise later on.