Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. Soiled

    Soiled Everyone has coin Avatars. I chose space.

    At 14.90 spot.
    Lemme Caution likes this.
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  3. Bman33

    Bman33 Well-Known Member

  4. Markus1959

    Markus1959 Well-Known Member

    Not stopping the Ebayers - the're still buying 2016 ASE's for 22-23$
  5. Treashunt

    Treashunt The Other Frank

    Currently$14.95, down .51
  6. Soiled

    Soiled Everyone has coin Avatars. I chose space.

    When it goes down, I just need a hug. Then I'll buy more.
  7. bdunnse

    bdunnse Who dat?

    2 days ago it went up the same amount. nervous and paranoid is no way to go through life.
  8. Soiled

    Soiled Everyone has coin Avatars. I chose space.

    Agreed but I'm a trial attorney so it's second nature. :)
    JeffC, mdwoods, wxcoin and 8 others like this.
  9. Treashunt

    Treashunt The Other Frank

  10. Rick Stachowski

    Rick Stachowski Well-Known Member

    Isn't that the same as the circus area .....

  11. Revi

    Revi Mildly numismatic

    Oil is down on news that the Saudis will never get along with the Iranians (big surprise). All commodities went down, not just PM's. I think it is the way things are going nowadays. Silver seems to get up to around 15 something and then it crashes back down again. Hang in there.
  12. baseball21

    baseball21 Well-Known Member

    Free shipping is never really free
  13. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Storm Tracker

    ASE's are in the collector's market, not the bullion market. I've never seen anyone sell an ASE for spot.
  14. Soiled

    Soiled Everyone has coin Avatars. I chose space.

    Yep will do. PMs should do well the next few years
  15. Rono

    Rono Senior Member

    Hi folks,

    The POG and POS recovered late and reversed some of the losses. Silver closed $15.05. I think it was an early overreaction to the jobs number and the House of Saud saying, 'well as long as those filthy Persians crawl on their bellies and beg us to take their daughters' we'll cut back supply. duh. Wait to buy gas until nest week.

    I was watching my momentum play in the junior silver miners very closely. My large play is with Silvercorp SVMLF with side plays on EXK and AG. The former recovered most its losses for the day while the latter two actually ended in the green. Note that these are very small cap stocks and playing them is not for giggles nor the faint hearted. I've found over the past few bullion bull markets, that the great leverage is with silver and particularly small cap silver miners.

    Note that in the late 70's, gold went from ~$300 to $850 while silver went from ~$4 to $45. This recent bull market 2001-2011 saw a similar pattern: gold went from $300 to $1800 while silver went from ~$4 to $45 again. I've been investing for decades, but the only 'home run' I ever hit was with Silver Wheaton SLW which I was buying early (2002-3) around $2-3 per and it went to $43. That, my friends, is Leverage.

    Currently, I was buying SVM starting at $0.50 with additional buys in the $0.63-67-69 range. It's hovering around $1.40. This is a mo play, so if it gives up 10%, I'll start cutting back. I'll probably take my original investment out being up over 100% and continue playing with 'house money'. We'll see.

    and so it goes,


  16. Comixbooks

    Comixbooks Active Member

    That one smart guy on here said it will go down more so I bet he's right.
  17. chascat

    chascat Well-Known Member

    I can see the silver drifting along at current levels for quiet some time, it,s the gold which may be the sinking ship.
    richard sheehan likes this.
  18. Santinidollar

    Santinidollar Supporter! Supporter

    One day does not a market make.
  19. GoldFinger1969

    GoldFinger1969 Well-Known Member

    What are APMEX and MCM getting for 10 ASEs nowadays ?
  20. Markus1959

    Markus1959 Well-Known Member

    MCM - good deal and great return service if you don't like the coins they send - FREE shipping on over 99$
  21. Cascade

    Cascade The Blind VAMmer

    Silver just broke the 52high of $16.17!!! Today should be good, hopefullly. The psychological barrier is being tested, right now in the pre market hours, silver is up $.25 testing the 52 high. Will buyers step in and keep pushing it up?... get the popcorn :)
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