Silver getting creamed..

[Wolverine302]

Gold holding weathering the storm better, but silver is currently less than 17.50. I'm looking at the 90 history of silver, and if you draw a line from previous lows, you can see an uptrend in higher lows. And we're approaching that right about now...
BUY BUY BUY

 

[HOLLYWOOD]

http://www.kitco.com/

So is the EURO... in a FREE FALL broke through the $1.20 barrier Short this Toilet paper to $1

Silver everyone is flocking to the Greenback... Incredible

 

[Original_Intent]

Silver is still being regarded as a commodity and gold is being regarded as money.

When it is generally accepted that silver is "poor man's gold" I think silver is destined to shine. The beating silver is taking at the moment just presents extended buying opportunity.

 

[jclay2]

I agree Original_Intent: You should celebrate these decreases. Just gives you a chance to accumulate and stack more oz. Hopefully we can see a sub 15 value this summer. I will definitely make a purchase then.

 

[Wolverine302]

I agree Original_Intent: You should celebrate these decreases. Just gives you a chance to accumulate and stack more oz. Hopefully we can see a sub 15 value this summer. I will definitely make a purchase then.

Oh i have, I pulled the trigger on these new puppies

 

[Lord Xar]

Do you really feel silver could dip under $15 this summer?

 

[Wolverine302]

Do you really feel silver could dip under $15 this summer?

No, I do not think it will. I just glimpsed over the charts but going to 15, it would have to break major support levels.

 

[eric_cartman]

Do you really feel silver could dip under $15 this summer?

silver could very easily trade below 15 at some point this year. if the stock market breaks down... silver will probably fall with the markets. though that doesn't mean you shouldn't be buying at these prices and it's not like i'm selling any of my silver... but we could have a correction in the short run for sure.

 

[tmosley]

With the gold to silver ratio at 1:70, I don't think silver will be falling much further without a major breakdown in gold prices, which I just don't see.

Silver is a screaming buy above a 1:60 ratio, and a buy anywhere above a 1:50 ratio. I'd start selling as it approaches 20, given the supply problems coming down the pipe.

 

[jclay2]

Silver is a screaming buy above a 1:60 ratio, and a buy anywhere above a 1:50 ratio. I'd start selling as it approaches 20, given the supply problems coming down the pipe.

tmosley: could you post the numbers or figures for this expected supply.

 

[tmosley]

Here is a good rundown: http://www.mineweb.com/mineweb/view/mineweb/en/page32?oid=104696&sn=Detail&pid=32

ZIf you still have any questions after reading that, feel free to ask.

 

[jake]

Can someone post some good places to buy Silver? Also, what is the best "kind" to buy in your opinion? cheers

Im in Canada in that matters.

 

[peacepotpaul]

Do you really feel silver could dip under $15 this summer?

spot price, most likely, actual out the door price? not as easily.

 

[peacepotpaul]

I'd start selling as it approaches 20, given the supply problems coming down the pipe.

I did that last week

Just waiting for the summer dip at this point.

 

[Original_Intent]

I did that last week

Just waiting for the summer dip at this point.

I don't think he meant $20 an ounce, I think he meant a 20:1 ratio with gold.

 

[DFF]

A head and shoulders pattern is forming on the daily silver chart; if the neckline breaks, we go lower. Possibly sub-$15 per ounce.

 

[Uriel999]

Yeah, I actually just bought 2 ounces tonight. Also bought my first gram of gold tonight. BTW, even at spot prices, I bought from APMEX and it is still pricey. It seems the prices are still going to be very inflated no matter what. Still I hope silver prices continue to drop so I can buy more. Truth be told I hope gold drops as well so I can buy some more. Currently I plan on buying gold by the gram while focusing on silver. It may be poor mans gold, but it still translates to REAL savings.

 

[tmosley]

I did that last week

Just waiting for the summer dip at this point.

I meant 1:20 gold to silver ratio. If you're selling your silver now, you're a loonie.

 

[theoakman]

A head and shoulders pattern is forming on the daily silver chart; if the neckline breaks, we go lower. Possibly sub-$15 per ounce.

Last time someone told me about a head and shoulders pattern in the metals market, I used my head on my shoulders and bought some more.

 

[nayjevin]

Yeah, I actually just bought 2 ounces tonight. Also bought my first gram of gold tonight. BTW, even at spot prices, I bought from APMEX and it is still pricey. It seems the prices are still going to be very inflated no matter what. Still I hope silver prices continue to drop so I can buy more. Truth be told I hope gold drops as well so I can buy some more. Currently I plan on buying gold by the gram while focusing on silver. It may be poor mans gold, but it still translates to REAL savings.

Not a bad idea, but shipping is a killer. Try to pool with a neighbor or friend and drop your 'actual' unit cost.