Nice Drop Today

Silver down a couple of bucks, gold down $54. I'm buying some, anyone else?

 

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Planning to buy some SLV ETF today

 

2 weeks ago i bought it around this range and sold it for 33, try the same strat again?

 

Good thing I sold a bunch of extra 90% on Tuesday at $34.50.

 

I know what both those words mean, but not when you smash them together like that...

:scratch:

 

90% silver coins. I'm feeling better about the small pile I sold over the weekend... for once.

 

*lol*

Sorry...you missed it.

The concept of having "extra silver" befuddles me.

 

Just in time for the weekend! Now let's see if it can squeek out another dollar drop by the Santa Clara show.

 

I already bought the last dip so I'm sitting this one out with my cash position. I am thinking about picking up some more gold mining funds with my 401K though. Palladium looks like a good buy too.

 

I was just about to start a topic on this. I saw the gas prices going down so that made me think to check silver for some reason, which I hadn't che led in about a week, and I was pleasantly surprised.

 

Ummm, this part of the forum is for threads about the 25th anv ASE set....can we get a mod in here?

 

Sure seems that way; please... no more threads about "those"...

 

Went to the b&m shop and bought a 10oz bar today.....For Guano (the 25 ASE man) he was selling at 750 and buying at 650 for opened sets. I know I can always sell to Guano for spot though. Anyways, this is my first 10oz bar as I am a newbie.

 

You said that at 3:59. You going to buy in the A.M.?

 

any reasoning for the drop?

 

General selloff in the market today.

 

Options Friday tomorrow, some need cash to roll over options and gold/silver is an easy sell.

 

This may have had a part to play in it too. Start reading where it says "Ceased Operations".

http://barnhardt.biz/

"The reason for my decision to pull the plug was excruciatingly simple: I could no longer tell my clients that their monies and positions were safe in the futures and options markets – because they are not."​

 

Cause in this current market cash is king....

 

The markets have been very volatile. Many people can't afford to lose. I feel corporate bonds are the place to be.