Silver Is On A Tear Today

I think my chances on getting anymore from JM than my estimate For cull coins in which I sent in encapsulated BU Coins is most likely dead at this point unless silver surges Sunday night early Monday morning to more than $110.00 But I guess if it does not my Lock in for $110.36 was a good thing.

 

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Bitcoin is looking even better. Down to $78k

 

Wouldn't that be worse? Depending on when you entered the fray...
I know a couple people who each bought in at $125k.
That's $250k investment, I'm not exactly sure where BC was but it was over 100k when they entered the fray last year sometime.
I remember him saying something about his want list when it doubled up in a few months.

 

Tonight’s the night the overseas markets open back up. Trading will be interesting.

 

Good Nite Nut.

 

As an entry point, lower is better
My ownership is 0 now

 

Thank you and I did sleep well. Hope you did as well.

 

from what I have seen its looking like another red day tomorrow

 

Translated in English and Chinese a buying opportunity.

 

And the downside continues.

 

Oh man, now I have to scribble off my Silver coin values again and re-do the math.
My MS-65 Morgan, 1881s was at $203 in 2022. I'm behind because now USA Coin Book has it at $309! 1881 S Morgan Silver Dollar Coin Value Prices, Photos & Info

 

I'm still seeing about a 19.00 premium even on generic rounds. I've never paid over 3-4$ spot for generic and about 7$ over for ASE. maybe it's where I am looking Idk. STILL DROPPING got to watch my bids on .999 because, before long at this rate I will be buying above the spot price or melt price...........

 

the premiums for ASE last time I looked was like $18. crazy.

 

That's if they are even in stock.

 

I haven't used that guide before. I've started using PCGS price guide. Yeah, I know, PCGS slabs rate a premium over all the other services, save maybe CAC. The jury is still out on them. I know for certain NGC has not updated their price guide in several years on their Morgan Dollars.

 

I you want truer values look at the sold prices on eBay, Heritage or Stacks. I've not seen a MS-65 81-S sell for $309.

 

Its crazy right now. We need it to find a floor and hold for a couple of days so we can get some normal back into the physical market. I'd hate to be a shop owner right now.

 

And I doubled down on SLV today at $69.88.

Dollar cost average between both purchases is $72.05

Edit to add the security name, duh!

 

It dipped that low? You are up 10 points from today's purchase right now.

 

Settled around $80 base line today. Showing $82.03 atm. An increase from today's earlier lows. (Now $83.42)
I've watched a lot of people talking about what's going on with the Comex and a record amount came out during January, which is typically a slow month where paper contracts are traded for new paper contracts. Not this January.

A typical January sees around 1-2 million ounces go out for delivery. Last month over 48 million physical ounces were sent out. There's no lull for them anymore. They're not getting a break.

March is usually their next large delivery month which will likely have much higher need than January. There's not enough in the Comex for this to continue. If the contracts fail, they will negotiate and pay them out in cash. Manufacturers will be forced to hit the open market and pay whatever it takes to get their silver. Very likely to happen this year so grab the popcorn. I don't think people realize what's going on.