Next step silver - over $20.00

I agree. This also happened at the end of this February when the PM price took a dive, and silver turned into $15~ish at the spot. And I remember a lot of ASEs became OOS on APMEX.

 

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I am not to worried about the silver eagles i have. when i bought them they were at 8 bucks or less. in fact i got 8 of them for like 16 dollars or something it wasn't that much so unless silver just dies i will be good.

I checked with a local coin dealer the other day they were paying 20-21 if they were in good shape. I doubt they are buying them for that now.

 

Silver.........Down 0.06 to $17.80 as of 7:02 AM Eastern Standard Time.

 

Anybody seen Chris lately?

 

He hasn't been around for a few days. Maybe on vacation or a haitus from the board?

 

so why is silver dropping like this? what news came out that I don't know of?

 

Yeah Krispy might be taking a break from the board. It is good to take a break from posting every once in a while especially if a poster is a regular poster that writes a lot a posts in a day.

 

Probably just a regular beatdown with no news to move the markets but I might be wrong on that because I did not keep up with the news that much today.

 

The bottom line is that recently more people want to sell than want to buy, supply and demand. Goldman Sachs is settling, BP is having fair success, haven't heard much about European or Asian bank problems/failures. New I-phone problems doesn't seem to move PM enough Hopefully, the world's problems are tempering. Wouldn't hurt if one is worried to lighten one's PM level, even if you had to buy back in at a little higher later.PM traditionally go down much faster than up, IMO.

 

If your going to buy, however, I'd take physical delivery, not paper.

http://www.theglobeandmail.com/news...ord/an-unkind-complicatedness/article1643419/

What a joke that is....

 

that is just wrong!

 

I read that article you posted in the link. The attitude displayed by the executives at Scotia Bank pretty much embodies everything that's wrong with Banks. It sure makes you want to keep physical custody of your precious metals.

I'll take my chances with the criminals wearing a mask and toting a gun, rather than the criminals wearing three piece suits.

 

IMO, this is just a summer dip due to fluctuations in supply and demand. TC

 

Silver.............Down 0.12 to $17.49 as of 7:04 AM Eastern Standard time.

 

CURRENTLY: At the open in US markets...

GOLD: $1,180.60
Silver: $17.56
Platinum: $1501
Palladium: $441

 

I agree. A 5% pullback in the middle of a bull market in something as volitile as gold isn't a cause for concern -- in my opinion. Everyone has to decide for themselves how much of a dip they can tolerate.

 

CURRENTLY: In UK/EU markets...

GOLD: $1,198.00
Silver: $17.90
Platinum: $1531
Palladium: $455

US markets open in just over an hour...

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CURRENTLY: After the US market opening...

GOLD: $1,193.90
Silver: $17.82
Platinum: $1530
Palladium: $457

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CURRENTLY:

GOLD: $1,185.80
Silver: $17.64
Platinum: $1515
Palladium: $448

 

CURRENTLY: In UK/EU markets...

GOLD: $1,187.70
Silver: $17.79
Platinum: $1525
Palladium: $455

​

US market opening in about 25 minutes...
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