Silver getting crushed today

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

  1. Clawcoins

    Clawcoins Well-Known Member

    Oops ....
    [​IMG]
     
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  3. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    Please hold for the "dead cat bounce".
     
  4. abuckmaster147

    abuckmaster147 Well-Known Member

    Wall Hanger For Sure!!!! The heck with a little bling. Ha Ha
     
  5. Sallent

    Sallent Supporter! Supporter

    Lift off, we have a liftoff on Silver Apollo at 5 minutes past the hour, returning silver to the moon...LOL

    Screenshot_2017-12-05-10-03-32.png

     
  6. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    So, here come the emails. "Silver is down, buying opportunity." The companion to "Silver is jumping, buying opportunity.", and "Silver is stable, buying opportunity." :rolleyes:
     
  7. Sallent

    Sallent Supporter! Supporter

    And I bought my poured bars last month when it was $16.90 an ounce. LOL. Like any collectable Ive ever bought...down the moment you buy.

    Well, I should be mad, but I'm actually stoked. Looking forward to eventually picking some silver during the bear market thats ahead and holding 35 years till retirement. Of course, I'm also picking up stocks, bonds, etc too, so the silver express is only a tiny fraction of my game.

    I say let it crash, the cheaper the better. Why buy high if you can buy low. Right?
     
  8. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    It's ALL too high for my tastes.
     
  9. Bman33

    Bman33 Well-Known Member

    If it gets below $15.00 I might start stacking again. Right now I have too many other expenses that involve rings, wedding, honey moon etc. I had mentioned this earlier this year and it stalled. I took her to marriage counseling and we ironed out some things. Now it's on!
     
  10. Johndoe2000$

    Johndoe2000$ RE-MEMBER

    That's if the premiums drop along with the spot price.
     
  11. Sallent

    Sallent Supporter! Supporter

    Classic pumper at work. Just last week calling for $130 silver and $8000 Gold...and you know he doesn't have a conflict of interest because he is only the CEO of a silver company. :rolleyes:

     
  12. Sallent

    Sallent Supporter! Supporter

    Premiums are going up because bullion dealers will do anything to avoid making a loss. When silver goes down significantly you find all of the sudden their inventory of silver is severely reduced and what little they do have has astronomical premiums. Then when silver shoots up all of their stock magically appears again. However, if silver were to stay low for a while then eventually they'll have no choice but to put stock out and sell at whatever price they can. You can only hold off for so long.

    It could mean that some of the current bullion companies go out of business if silver and gold where to crash and stay low for a while. But eventually the market would stabilize itself. Not that I'm saying that that's exactly what's going to happen now. Just simply dealing in hypotheticals here based on observations over the years.
     
  13. Clawcoins

    Clawcoins Well-Known Member

    Yes, Silver and Gold will always go up,
    speaking of which ...
    [​IMG]
     
  14. -jeffB

    -jeffB Greshams LEO Supporter

    The moon is below the horizon here this morning, as it happens.
     
    Sallent, sakata and losthomer like this.
  15. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    Yeah, but getting interviewed by Daniela kinda makes it all worthwhile. :kiss:
     
  16. Clawcoins

    Clawcoins Well-Known Member

    They're gonna link BlockChain to Silver and Gold !!
     
  17. V. Kurt Bellman

    V. Kurt Bellman 2016 Secretary, Red Rose CC

    Because getting involved with any and all current buzzwords is ALWAYS a great idea. :rolleyes:
     
  18. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    She looked like 130.00 silver....... 8 grand gold.............. u don't have to wait 3 to 5 years
     
    Sallent likes this.
  19. Clawcoins

    Clawcoins Well-Known Member

    Will it drive lower today, or drive higher?
    or maybe do both ?

    It's another day of ... As The World of Silver Turns.
    [​IMG]
     
  20. sakata

    sakata Devil's Advocate Supporter

    Well, 16 held yesterday so I am mildly optimistic. But I wouldn't put any money on it.
     
    Santinidollar likes this.
  21. Sallent

    Sallent Supporter! Supporter

    You'd think as someone who owns silver I'd be upset, but I'm enjoying the meltdowns over at the Kitco forums and among the silver pumpers on youtube too much. Fun times! Maybe it's true what they say, misery loves company....except most of my silver "investments" are still going up in value (my ancients collection). The Julius Caesar alone is up an additional $200 this year judging by the latest auctions.
     
    Kentucky and Clawcoins like this.
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