I will say one thing he sure can take allot of mouth.........better than I could without getting disciplined from the moderators.............. just sayin...............wrong or right I still am learning from the thread though................
Man, if taking Ecstacy is now the definition of taking a 'chill pill', now I am in full understanding of why he's been selling in a down market. Sell silver low, sell 'E' high. Do we really need someone that freely talks about taking 'E' on these boards? A SUPERB influence on YN's. But, what would one expect from someone from the 'hood'??
I do wonder if we are at the beginning of another 2-week rebound, where prices wil rise by about a $1 or $2 before falling lower than before.
Well dawrg, I beg to differ. There is still demand out there, and it will eventually lead to higher prices, in my humble opinion.
I've been buying a little here and there only because I feel that it won't drop under $15 and cause I love the look of silver in my collection.
Silver does not affect any virus activity except Herpes Simplex (I) human fever blister virus, and very poor effectivity at that ( and it turns your mouth black in sunlight), certainly not ebola ( a virus). Knowledge is what is needed if there is an ebola outbreak.
Come on guys , either ignore him or if you can , bring in material from other than pure bullion sites/dealers to refute what he is saying. He is just leading you around and you are following. No response and most lose interest.
I sold all of my 90% silver today ($43.00 dollars face value), for melt. My gut tells me that silver is still going to drop a lot more.
I think there is still some downside here, but not too much. Prices here are not sustainable. First Majestic has already withheld 35% of their silver production because they can't afford to lose any more money on their silver. Average cost of production on silver is between $21-$22 per oz. Delays are starting to creep up in silver. Junk Silver premiums have jumped $1 per oz in the last 2 weeks. When all of that happens, silver increases aren't too far behind.
I like it! I have been checking prices and they seem to be stable at around 14 or 15 times face for "junk silver", so if it hangs in this $17.50 range it may be time to get some more.
Check out the premiums on gold...they're pretty high right now, and it seems buyers are looking for it at the last couple shows according to dealers I spoke with. No, I wasn't buying, just talking to them about current market conditions.
You might be able to find some high premiums if you look, but I don't recall ever seeing so many sales on bullion. The bullion dealers are offering silver at 59c over spot for small quantities (retail).
Thing is about silver right now...if you are a long term holder (5 years+) what is the downside with silver. I don't see any if you will be holding that long. Fundamentals haven't changed and we all know that prices are manipulated/deflated by the QE and false strength of the dollar right now. Hold tight if you own silver now and buy anywhere in these levels if you are looking to add to your position. Don't let a few cents here or there keep you from making a smart investment in a precious metal that is clearly WAY undervalued. Gold to silver ratio is 70 to 1 right now!