Silver getting crushed today

I thought provident had some pretty good deals...picked up a tube of random year ASE's for 1.75 over spot, a tube of '16 panda's for 4 over spot, and a random year 1/4 oz AGE that was very reasonably priced.

 

Log in or Sign up to hide this ad.

Got 10 random year ASE's , $10.00 Face 90% Junk and a 2.5 Gold Peso.

 

'ya know, we're all FLATLINED


If you like to follow PMs, the marketrealist.com site seems to have some basic articles all the time ==> http://marketrealist.com/2017/11/what-led-to-the-recent-rebound-in-precious-metals/

 

Amusing to see a small move upwards called a rebound. To me a rebound would be at least 10%.

 

With PMs moving so little on average I guess they use a liberal definition of rebound.

I use the term "bounce" from time to time for stocks that drop far then bounce up. PMs is like a rubber ball bouncing up and down all the time.
If one really had the money they could day/week trade it and make some money if they held enough positions on it.

And that is it .. depending upon your term of how long to hold/sell, if you hold enough a Rebound could be a small movement up. If you hold little of it a rebound needs to be much bigger.

 

Yeah, movement in PMs are, for the most part, relatively small. I have wondered if it could be possible to make small amounts each week by using credit spreads.

 

I finally bought a 10 oz silver bar at melt from Provident.

 

I thought Provident had good deals this year. I bought the 10 ounce bar at spot and $20 face junk silver at spot. Used the $5 coupon on 6 random ASEs that were already on sale for a final cost of $17.99 each. I was happy with the purchases.

 

bit the bullet and sold all my silver...

 

I was seriously contemplating that myself over the weekend. But I don't have much, and it's so pretty looking.

 

Watch how much this chart gyrates intra-day but so often settles out very close to the same point at the 5:30 pm gap.

 

It's being crushed... against that $17 line, whether that involves crushing it against a floor or a ceiling.

 

this thread is dumb.

 

Ask a mod if they can undo your mandatory subscription to the thread.

 

And a cheery good morning to you!

 

Seriously, gold and silver have been, for the most part, in such tight ranges that I can’t see much point in buying or selling.

 

Perhaps I should have said This thread is stupid"
Would you have edited out the dear moderators?
Evidently.

 

Arrrr... look at that. Someone edited out your alter ego fantasy name.

 

Well, at least you're fair, mods.

 

If you all are trying to start something, don't! If you don't like the thread stay off of it. Otherwise respect the posts ( regardless of your opinions) of those who contribute.