Silver nearing $20

Mackaydon · Oct 1, 2013

Silver is in 'free fall' today and quickly approaching under $20.
When will you buy back in? I'll start at $18; holding some back for lower prices; averaging down.
Don........

jim4silver · Oct 1, 2013

I am buying some today. I would not be so certain silver will be going to 18 again and lower. It very well could, but I wouldn't "bank" on it. I hope it goes to 5 or even 1 dollar an ounce so I can buy several monster boxes.

Just my opinion.

Jim

Marchas45 · Oct 1, 2013

I'm meeting a guy who is on his way to buy his 50 circulated Morgans at $20 each and (10) gold 1Ducats @ $140 each so not to bad and if it goes down some more then I will dig into my reserve fund. Lol Keep Stacking

TreasurePirate69 · Oct 1, 2013

Long term I think we will see $16 again within 15 months. I could be very wrong and may have miscalled the bottom. But it wouldn't surprise me either way. Short term I don't see us going below $19 for the next 6 months. There is still too much fear out there with Obamacare going full tilt, the debt ceiling, and the uncertainty in the Asian and Indian economies.

Fear is an interesting factor that is very hard to account for in making predictions. I believe we will eventually get our act together enough such that the price will stabilize closer to a "normal" value of around $16. But anything can happen in this weird world that can derail my predictions. And of course, I could just be plain stupid and not know what I'm talking about. It wouldn't be the first time! :thumbsup:

jim4silver · Oct 1, 2013

Just got back with a nice roll of 2011 ASEs. I don't know what the deal is but the 2013 ASEs I have been seeing over the past few months don't look as good as they used to. Something looks odd in the fields on the obverse usually in the same spot on every coin (not milk spots but else). The roll I got today looks awesome and maybe has a lower mintage than 2013s not that it really matters.

Coin store was dead quiet. I was the only customer in there for the whole time I was there (15 mins or so). I would have thought more would be buying.

Jim

Mackaydon · Oct 1, 2013

Maybe they're staying home, like I am, waiting for the support level around $16 to $18 to be breached.
Don....

Marchas45 · Oct 1, 2013

Not me I bought and here they are. Lol

jim4silver · Oct 1, 2013

You take some great pics of gold coins charlie!

jim4silver · Oct 1, 2013

Mackaydon said:
Maybe they're staying home, like I am, waiting for the support level around $16 to $18 to be breached.
Don....

I guess a person can wait. Many of them will probably be buying back at high 20s when the up trend resumes. No way $16 will stay if even reached; maybe a blip on the screen but not long term. This applies only to physical, because paper can go to zero.

Marchas45 · Oct 1, 2013

Heck I'll buy a few dollars worth at 19 and 20 right now if anybody wants to sell and you are positive that it's heading down to $16 and $18 that way you have a good nest egg to buy with at $16 and 18. Keep Stacking

skeeterd · Oct 1, 2013

Great pics, Charlie!!

war-digs-it · Oct 1, 2013

Sorry boys...my fault as I just sent 80 oz. of scraps to the refinery yesterday. My bullion will not be going anywhere until the price triples from here. I will buy more bullion starting at $16/oz. or whenever I can at discounted prices.

billjustbill · Oct 3, 2013

Mackaydon said:
Silver is in 'free fall' today and quickly approaching under $20.
When will you buy back in? I'll start at $18; holding some back for lower prices; averaging down.
Don........

Here's a short read about falling PM prices in the coming months

Survive & Prosper | Dow Drops to 3300 | Demographic Trends | Deflation

It may be that 'What's good for the Golden Goose is good (or bad) for the Silver Gander...?

jim4silver · Oct 3, 2013

I picked up a roll of 2012 ASEs today. They look fantastic. I am not getting any more 2013 ASE coins. All of them I have seen since the big drop a few months ago seem hazy or something in the fields. Cannot explain it but they sure don't look like the 2012 coins I bought today.

Since I bought some this week the price will probably go to 19 by tomorrow's close.

Looked at some gold sovereigns I could have had for just a few bucks over spot per coin but went for the silver instead.

Just my opinion.

Jim