Yeah them Hunt Brothers really bamboozled everyone though I mean silver went to 50 an ounce and then fell realy badly after . These guy told me that in 1980's his buddy bought Silver at 15 an ounce and that was insane at the time and he kept holding on to it even after the Hunt brothers stuff happened then the price Dropped hardcore and when it was only worth a few bucks an ounce he was giving away 100 ounce bars of it for birthday gifts LOL!!!!!!! Imagine getting that Bar for a gift back then and having it today hahahaha , anyway longstory short this guy is finnaly happy today that silver is above 15 an ounce and He is gonna hold on to it again LOL!!!!! ITs funny how these stuff goes except this times "Bull run" on silver is gonna be more a reality then some Hunt brother stunt I think so its probably a nice idea getting silver even at todays price's cause as you said were due for a SPIKEEEEEEEE!!!!!!!!
Just a footnote:
The Hunt Brothers excursion in silver and gold was hardly a stunt. There was plan behind their move, and it wasn't just fueled by greed. Thats why the fed intervened, and changed the rules of the game. The fed came into the regulated futures markets, and changed the rules of the silver and gold markets to no new buy orders, liquidation only.
Do you think perhaps they felt....threatened?
This changed rule bankrupted the Hunt Family.
You will find alot of information out on the web with regards to the Hunt's and what they were trying to accomplish.
Obviously some of it opinion and some of it fact.
I was there in the middle of it all in 1979 and 1980 at the exchange,, the fact that the fed can come in and change a regulated market at their whim leads me to believe that the Hunts were up to more than just trying to make a buck.
Back to the original topic
I have been buying 999 silver rounds from a reputable dealer.
Their not eagles just plain simple rounds, priced 1 dollar premium above spot quotation.
http://www.nwtmintbullion.com/silver_nwtmintbullion.php
interestingly we have ordered several times from this dealer and the shipments always took 1 week.
This last order took nearly 1.5 months. The dealer stated that they are overwhelmed now with silver purchases and are having difficulty keeping up with demand.
Technically speaking, I watch silver and gold charts very closely, I have been for 25 years or more, yesterdays close confirmed continued strength. The next leg of the rally which I believe will be swift should carry spot into the High 18.00 area. perhaps as soon as midweek.
PatriotG