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Silver about to pass $40/oz!
- Thread starter the.gladiator1987
- Start date
PICK3
New member
Silver also raced to its loftiest in 31 years, notching the milestone for a seventh straight day and outstripping gold's weekly gains by a huge margin.
Gold soars to record in sixth straight session - Business - Eye on the Economy - Stocks & economy - msnbc.com
Gold soars to record in sixth straight session - Business - Eye on the Economy - Stocks & economy - msnbc.com
That article is BS, we don't have any inflation, our economy is right on course for a recovery, besides who has heard of MSNBC? Silver sucks as an investment, just read this thread all the way through, you will hear all about the "strong dollar" and how Bernake and Obama have helped the economy, inflation is a myth you know, hell the recession in 08 didnt even happen....
Lol im jus glad my investment is in something that is strong and holds value. I will sell at 55/oz and then u guys will still find a reason to hate 
if it drops before it gets to 55, I will buy tons more jus like everyone should be doing
if it drops before it gets to 55, I will buy tons more jus like everyone should be doing
L
lartinos
Guest
Lol im jus glad my investment is in something that is strong and holds value. I will sell at 55/oz and then u guys will still find a reason to hate
But after your expenses involved with it and the small amount invested it was nothing more than a learning experience.
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Lol im jus glad my investment is in something that is strong and holds value. I will sell at 55/oz and then u guys will still find a reason to hate
Glad I just picked up 50 Engelhard 1 ouncers off CL for $30 each, still deals out there to be had..........
calveless wonder
New member
Lol @ everyone still hatin, if y'all woulda listened to me and bought when I made this thread you would have had a huge profit. Haha jealous bitches
L
lartinos
Guest
I'm investing all my money in brass. What would people do without brass... Think about it.
lol @ bras.Obviously you dont undrstand that silver is a precious metal, therefore has big value
redshirt27se
New member
I'm hoarding copper pennies for a huge pay day.
Read this:
China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings | zero hedge
Glad it looks like i may have sold a little too soon, this is going to drive silver through the roof, i'll say it again the dollar is toast........
China Proposes To Cut Two Thirds Of Its $3 Trillion In USD Holdings | zero hedge
Glad it looks like i may have sold a little too soon, this is going to drive silver through the roof, i'll say it again the dollar is toast........
damn bro!! I am gonna sell at 55/oz. Maybe 60
dollar is more worthless than a one night stand the next morning
dollar is more worthless than a one night stand the next morning
Silver will hit $100 an ounce in the next 12 months... Bernanke needs to keep the spicket cranked up and if China does in fact pull 2/3rds of their interest in USD debt out then that will in essence render QE2 worthless and we will be flying solo on monetizing our own debt
up 5% overnight, 49.20 and climbing.........
L
lartinos
Guest
That's pretty good! I would get out soon though.
Silver will not make a man is my whole point, this would have been a good SMALL investment. It would make me chump change and not change my life.
A few extra bucks is always nice though.
Eh lartinos it depends, if u don't put much money in then u wont get much out, but if u put alot in then ur return is gonna be way greater. This was by far a better investment the last 3 months than anything else. Like I said im gonna sell at 55/oz, maybe 60/oz
b0und
New member
It dipped below $47 just a while ago, I am long on Aussie Dollar and Silver right now, will probably stay long until Wednesday, might cut and run if it looks like reversing or hold longer.
Read this:
SILVER: Everything You Need To Know
FOMC meeting is on Wednesday.
b0und (out)
Read this:
SILVER: Everything You Need To Know
FOMC meeting is on Wednesday.
b0und (out)
Hindsight is always 20/20 rob
If you put a ton of cash into a volatile commodity and it tanks then youve also lost your ass. Very easy to happen to anyone.
I suggest you cash out of silver really soon before it corrects
Well it happened, it topped and I wasn't holding
Glad this is the correction I was warning you about, you can either sell now and buy back cheaper or just hold and hope for the best....
Glad this is the correction I was warning you about, you can either sell now and buy back cheaper or just hold and hope for the best....
nah im holding it bro. Even if there is a correction, I dont need that money right now. Im selling at 55-60/oz
chris302001
Banned
You should put all this chedda into a college fund for your kid.
contracts expire tommorrow and we are going to find out about uncle Ben's QE plan, going to be a wild week for silver...
I am bro bro
nice bro!
No not a good day for silver....OR the u.s. dollar
DOLLAR INDEX SPOT (DXY:IND) Index Performance - Bloomberg
i don't typically trade commodities or us dollar. but i do get a kick out of people who scream everyday about the dollar this, the dollar that! bernanke printing money!! the fed!! gold up 20 cents!! used to have a guy like that at my office. he would literally put up a chart of the 10 year treasury with a 20 minute delay and he would trade off that. i am not joking. he was the biggest douche ever, he lasted about a week before I canned him cause he never made a penny trading, he was just good humor at the office for everyone. i think he works for charles schwab now or some other crap mickey mouse brokerage firm opening up accounts for $15 bucks an hour lol.
I will say I haven't seen this much volume in silver EVER. think this is incredible.. too bad you don't have some more money to trade this move.
I will say I haven't seen this much volume in silver EVER. think this is incredible.. too bad you don't have some more money to trade this move.
I think he will make "mega" crapload off this dip, low $40's high $30's are coming IMO, if QE3 is mentioned, it will go straight back up though, going to be a crazy week either way.....
i honestly cant stand the guy... i hope he stays short and silver shoots back up.. LOL. that would be hilarious. i mean i dont want him to lose his ass but at the same time that f*cker got so lucky to short at the perfect spot.
haha yea i see what ur saying. Silver is pretty amazing right now, of course it wont go up forever but I dont think triple digits are out of the question at all. Kitco, Apmex and some other place are all short on silver lol. And there is still a lot of demand for it even at 45/oz
steve would you ever short silver? Especially right now knowing that there is a good possibility for a dip?
^^ honestly just for a scalp. i do not like trading commodities. reason being they move not based on fundamentals but based on supply and demand for the most part (not current but 6 months or 1 year out even) what we are seeing here is nuts. volume on the ETF's were double or triple what they were last week. and today we are on pace for even more volume. I've seen traders get absolutely obliterated trading commodities. cannot trust charts, cannot trust fundamentals, cannot trust anything. silver could double from here or drop 50%. either way I would not be surprised.
just talked to my boy at work. he said he fought silver yesterday then stayed short overnite.. today he covered but still has puts for May. if silver tanks more he will make a fortune.
i actually did trade a silver equity last week. SLW. silver wheaton. i was buying it on large pullbacks and then getting out fast.
just talked to my boy at work. he said he fought silver yesterday then stayed short overnite.. today he covered but still has puts for May. if silver tanks more he will make a fortune.
i actually did trade a silver equity last week. SLW. silver wheaton. i was buying it on large pullbacks and then getting out fast.
And, for the 87th time, the entire point of this thread lol.
Unless a huge silver hoard in the order of several million tonnes is discovered, it is impossible for it to fall and stay down, here is a good read, long but some good stuff in it...
Short Sellers Now Screaming About a Buy Side Silver Conspiracy - Seeking Alpha
haha, thing is, between now and six months, and a year and so on, the demand is not going to go down because THERE IS NOT ENOUGH SILVER TO COVER THE CURRENT DEMAND AND PAPER SILVER NOW, anyone who is not making money in silver right now and is in the "financial market" is either an idiot or doesn't know how to trade...........
APMEX has run out of silver eagles, here's the email they sent me, they are paying $3 OVER spot price:
Dear James,
Due to the recent incredible demand for Gold and Silver bullion products, APMEX would like to offer you an exclusive opportunity to LOCK IN YOUR PRICES and sell us some of your U.S. Mint collection. This is a limited time offer and it is first come, first served until we have secured enough U.S. Mint bullion products to meet our current demand!
We Want These Products:
We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!
We will pay you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!
We will pay you $1,250.00 for your 2010 America The Beautiful 5 oz. Silver coin sets.
Once we have purchased enough of these products to meet our current demand, this offer will end! YOU MUST ACT NOW!
Simply call our Purchasing Department toll free at 800.375.9006 between 7:00 a.m. and 5:00 p.m. CDT to lock in your prices right now. At APMEX, we make it easy and hassle free to buy and sell U.S. Mint bullion coins.
Respectfully,
Clint Hughes
Senior Vice President of Marketing
The American Precious Metals Exchange
P.S. Tell your friends they only have 5 days left to get FREE shipping on their first order when they purchase through the ALL-NEW mobile.APMEX.com on their smartphone! U.S. Shipments Only.
Dear James,
Due to the recent incredible demand for Gold and Silver bullion products, APMEX would like to offer you an exclusive opportunity to LOCK IN YOUR PRICES and sell us some of your U.S. Mint collection. This is a limited time offer and it is first come, first served until we have secured enough U.S. Mint bullion products to meet our current demand!
We Want These Products:
We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!
We will pay you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!
We will pay you $1,250.00 for your 2010 America The Beautiful 5 oz. Silver coin sets.
Once we have purchased enough of these products to meet our current demand, this offer will end! YOU MUST ACT NOW!
Simply call our Purchasing Department toll free at 800.375.9006 between 7:00 a.m. and 5:00 p.m. CDT to lock in your prices right now. At APMEX, we make it easy and hassle free to buy and sell U.S. Mint bullion coins.
Respectfully,
Clint Hughes
Senior Vice President of Marketing
The American Precious Metals Exchange
P.S. Tell your friends they only have 5 days left to get FREE shipping on their first order when they purchase through the ALL-NEW mobile.APMEX.com on their smartphone! U.S. Shipments Only.
^^^^ have you used them before? sounds like one of those nigerian scam emails
i've got a drawer of silver coins that i want to get rid of. my dad used to own an arcade and people used to put them in the machines back in the late 70's so he saved them up.
i've got like a few G's worth leftover.
i've got a drawer of silver coins that i want to get rid of. my dad used to own an arcade and people used to put them in the machines back in the late 70's so he saved them up.
i've got like a few G's worth leftover.
Apmex is 100% legit bro
redshirt27se
New member
doubtful.
your best bet is to sell them privately. if you find a collector/silver hoarder it's a win/win for you both. you'll get more than a dealer will give, and he'll get it cheaper than he would at a coin shop.
calveless wonder
New member
Weed is holding steady at $300/oz
Word on the street is its about to skyrocket rob!
redshirt27se
New member
..
hell yea ive used them, they are one of the biggest PM dealers in the world, by the way did you watch Bernake? I have never seen anyone that nervous, plus he flat out said there will be more printing, silver is up 5% since he opened his mouth lol....the dollar is diving as well
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b0und
New member
Im glad I still have mine 
Anyone who thinks that it is a coincidence that gold/silver are at or near an all time high and the dollar is near an all time low is delusional,the dollar is going to continue to go down and PM's are going up period........
of course its not...but its all an illusion... the weaker dollar is MAKING gold and silver seem more valuable... just like the stocks.... it is all a charade
Within 12 months we will experience a epic crash the likes of which hast been seen in 700 years
I disagree, the weaker dollar is driving people to PM's because they are more valuable, in fact they are more valuable now than any other time in history because of the worldwide currency war/race to the bottom through printing,the dollar can not recover and there will be a crash, but unlike the dollar gold and silver won't be used as toilet paper like the worthless dollar..............
Silver looking strong, up another 3% today, have fun playing the market i've got a plane to catch, Glad I will drink a few Hinanos for you, silver to the moon!!
Have fun joker! Ill keep bumping this thread
of course i watched it.. i watch cnbc from market open to close.. we've got cnbc and bloomberg on the tv.
anyway i think bernanke has done a great job as chairman so far.. i mean its not like he is the one who gets to decide, its a vote.. and he gets 1 vote just like anyone. i thought greenspans regime made 2 errors towards the end of his tenure. not tightening fast enough and causing the housing bubble.. and then not easing fast enough causing a huge blowup.. had he tightened and a mortgage was say 8 or 9% instead of 4 or 5% then the housing boom would of not been so crazy. on the flipside had he eased sooner, he could of sped up the bust and recovery.
Bernanke is actually very well respected in the financial community. as is Geithner.
not sure why you have it in for the guy. he is one of the few right things GW Bush did picking him.
people think the fed chairman's job is to make the stock market go up, or make the economy recover etc. ITS NOT. their job is to make sure there isn't any liquidity problems, to regulate the industry (like if a bank is struggling pull their dividend), and maybe most importantly to services to depository institutions. when you do a large wire it actually goes through the fed, to people really think their local bank branch has that kind of money available?
so the federal reserve is very important.
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