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re: Silver getting cheap again

Posted on 4/10/13 at 1:45 pm to
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 4/10/13 at 1:45 pm to
I bought a good bit at 25.80 area. So Im fine with where its at now.
Posted by Bear Is Dead
Monroe
Member since Nov 2007
4696 posts
Posted on 4/10/13 at 1:49 pm to
I got in at 25.84, we'll see what happens.
Posted by LSUTOM07
Baton Rouge
Member since Dec 2011
783 posts
Posted on 4/10/13 at 2:07 pm to
I bought SLW a few day ago on the dip. I'm having trouble figuring out what's pushing SLW and other silver stocks up and down. It just seems very sporadic
Posted by LSURussian
Member since Feb 2005
135042 posts
Posted on 4/10/13 at 2:11 pm to
Goldman Sachs issued a recommendation this morning to sell gold. They said the metals bubble is over.

That may be having a spill over effect onto silver.

Also, the Cyprus central bank announced today it will sell 400 million euros of its gold.

Gold is down $26/oz right now.
Posted by LSU0358
Member since Jan 2005
8157 posts
Posted on 4/10/13 at 2:34 pm to
When GS downgrades get ready for a drop short term. Then look for a significant trend change to the upside to take place.

The lying bastards like to create liquidity for the company money positions.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 4/10/13 at 9:08 pm to
quote:

When GS downgrades get ready for a drop short term. Then look for a significant trend change to the upside to take place. The lying bastards like to create liquidity for the company money positions.


Best news I heard today was GS downgrading. Peter schiff was on CNBC stating the same. He said their PM business is on fire and fundamentals are there. They also had a chartist on to debate Schiff, but he agreed. We shall see.
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
7043 posts
Posted on 4/11/13 at 11:56 am to
If Goldman Sachs says that gold is getting ready for a downward trend, then that must be a great contrarian indicator. Time to buy some more physical gold and silver!

Gold and silver have been developing a massive base which allow it to launch to much higher prices.

Nice. Another precious metals thread bookmarked for future shits and giggles.
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 4/12/13 at 9:27 am to
Looks like it going to take anothing big friday hit again.

quote:

anothing


Did I just make up a word? WTF?
This post was edited on 4/12/13 at 10:02 am
Posted by LSURussian
Member since Feb 2005
135042 posts
Posted on 4/12/13 at 9:28 am to
quote:

Looks like it going to take anothing big friday hit again.
A lot of commodities are taking hits today. WTI crude is down $2.50/barrel now.
Posted by TulaneUVA
Member since Jun 2005
26231 posts
Posted on 4/12/13 at 9:57 am to
Intriguing. I wish I had some cash set aside for this.
Posted by ThaBigFella
baton rouge
Member since Apr 2006
2043 posts
Posted on 4/12/13 at 10:10 am to
I bought alot more SLW at $25.95 this morning, this was $30 2 days ago, we're in a bull market so silver and gold are plunging. Im looking at NEM right now, gigantic gold miner pays 4.5% yield and is at a 52 weeks low, and who says there are no deals around?
Posted by LSURussian
Member since Feb 2005
135042 posts
Posted on 4/12/13 at 10:24 am to
Gold just went below $1,500 for the first time in almost two years. It's down $66/oz. to $1,498.
Posted by Bear Is Dead
Monroe
Member since Nov 2007
4696 posts
Posted on 4/12/13 at 10:30 am to
Silver getting pounded today. FML
Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 4/12/13 at 10:36 am to
Thats necessarily not a bad thing..


You werent planning on shorting silver were you? When it falls lower it should be a time to buy more.

Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82217 posts
Posted on 4/12/13 at 10:47 am to
I've been looking at silver for the past 3 days. Almost ordered bullion yesterday but my power went out with the storm. Just got online to see it is over $1.50 cheaper per ounce. Thinking about buying 50 ounces this evening
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
7043 posts
Posted on 4/12/13 at 11:00 am to
I almost bought physical silver coins yesterday. Glad I fuking waited. Bought 100 more ounces of beautiful Austrian Philharmonics this morning at $26.47 spot and $28.82 total per coin.


Thank for the manipulators because this is allowing the few of us smart folks to stack some more real money and participate in the greatest wealth transfer in world history.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82217 posts
Posted on 4/12/13 at 11:07 am to
I just bought 40 Silver Eagles and 40 silver rounds.
Posted by goinallout
Baton Rouge
Member since Nov 2005
1072 posts
Posted on 4/12/13 at 11:36 am to
What were your shipping costs or do you store at store with the company you bought it from?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82217 posts
Posted on 4/12/13 at 12:31 pm to
$26 shipping. Pretty high IMO but this place was cheapest I found online. Gainesville Coins. About $0.70 above spot on silver rounds
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
7043 posts
Posted on 4/12/13 at 12:37 pm to
I paid $17.00 shipping.

I used to use Gainesvillecoins.com.

The best prices for Silver eagles, Silver Maple leafs and Austrian Philharmonics are at Liberty Coin and Precious Metals.

Liberty Coins and Precious Metals
This post was edited on 4/12/13 at 12:40 pm
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