carbon junkie Posted November 9, 2010 Report Share Posted November 9, 2010 Well, there's always the chance of getting cheap miners on a pullback. Coming up, I suspect. Probably won't last too long but its due. Link to comment Share on other sites More sharing options...
kkeegan123 Posted November 9, 2010 Report Share Posted November 9, 2010 Correction underway, this volatlity is awesome. Just getting started.... I won't be at all surprised if there is a massive financial shock this weekend causing total turmoil next week. Link to comment Share on other sites More sharing options...
Eiji Posted November 9, 2010 Report Share Posted November 9, 2010 Smack! Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 9, 2010 Report Share Posted November 9, 2010 From the image you can't tell too much. Some silver bars look very white on photos. I am not sure what (silver plated?) lead would look like. If they're fakes, they have to be older fakes. It could be worth the gamble. 45 min to go, but not exactly close to spot yet! GBP 129 now. If there is only some silver in it, someone's gonna make a lot of money. If it's lead, oh well... EDIT: 131 - it's picking up. Hmmm, I am really tempted... Link to comment Share on other sites More sharing options...
lyb Posted November 9, 2010 Report Share Posted November 9, 2010 I expect gold and hence silver to be supported by euroinvestors, who have seen the gold price finally rise late last week over the barrier of 970 Euros/ounch. Currently 1012, not too far off from base support. I expect this correction to be small and brief. Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 9, 2010 Report Share Posted November 9, 2010 Let's see what the smackdown will do to this old prediction: Link to comment Share on other sites More sharing options...
Crashman begins Posted November 9, 2010 Report Share Posted November 9, 2010 Someone wants to give us a discount Link to comment Share on other sites More sharing options...
fexx Posted November 9, 2010 Report Share Posted November 9, 2010 From the image you can't tell too much. Some silver bars look very white on photos. I am not sure what (silver plated?) lead would look like. If they're fakes, they have to be older fakes. It could be worth the gamble. 45 min to go, but not exactly close to spot yet! "therefore I cannot state the purity of these bars" Hmmm.... Link to comment Share on other sites More sharing options...
fexx Posted November 9, 2010 Report Share Posted November 9, 2010 £575 !!!! C'mon now, who was it??? Link to comment Share on other sites More sharing options...
Kilham Posted November 9, 2010 Report Share Posted November 9, 2010 GBP 129 now. If there is only some silver in it, someone's gonna make a lot of money. If it's lead, oh well... EDIT: 131 - it's picking up. Hmmm, I am really tempted... Well I decided in the end to give it a go but was well below the final price. Somebody just bought some very cheap silver or very expensive lead. Link to comment Share on other sites More sharing options...
fexx Posted November 9, 2010 Report Share Posted November 9, 2010 Well I decided in the end to give it a go but was well below the final price. Somebody just bought some very cheap silver or very expensive lead. Me too. I only went to £250 for a punt, though. (There's a local church just been visited by Gypsies & I thought I might help them out ) Link to comment Share on other sites More sharing options...
kkeegan123 Posted November 9, 2010 Report Share Posted November 9, 2010 Me too. I only went to £250 for a punt, though. (There's a local church just been visited by Gypsies & I thought I might help them out ) I'm using ebay quite a bit for PM buying. Makes me wonder about how many times in the past GEI members have bid against each other. Perhaps there should be an ebay thread on GEI. JL Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 9, 2010 Report Share Posted November 9, 2010 I can't help it, but this looks like the textbook beginning of a commercial signal failure to me. http://gold.approximity.com/since1999/Silver_USD_LOG.html Link to comment Share on other sites More sharing options...
electroweak Posted November 9, 2010 Report Share Posted November 9, 2010 Apparently it WAS an official smackdown. The CME upped it's margin requirements. Link to comment Share on other sites More sharing options...
fexx Posted November 9, 2010 Report Share Posted November 9, 2010 I'm using ebay quite a bit for PM buying. Makes me wonder about how many times in the past GEI members have bid against each other. Perhaps there should be an ebay thread on GEI. JL Probably quite a bit, including just then - for the "very rare and unusual" bars (a specific gravity of 11.35 is very unusual for silver!!) Is no-one going to own up to it then??? Link to comment Share on other sites More sharing options...
fexx Posted November 9, 2010 Report Share Posted November 9, 2010 I can't help it, but this looks like the textbook beginning of a commercial signal failure to me. A "when", not "if" anymore. Link to comment Share on other sites More sharing options...
Crashman begins Posted November 9, 2010 Report Share Posted November 9, 2010 Smackdown VS Raw PM bulls Kilo bar £717.00 down to £705.00 Link to comment Share on other sites More sharing options...
Perishabull Posted November 9, 2010 Report Share Posted November 9, 2010 I can't help it, but this looks like the textbook beginning of a commercial signal failure to me. http://gold.approximity.com/since1999/Silver_USD_LOG.html It does also look like a rhino horn though Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 9, 2010 Report Share Posted November 9, 2010 Here is in comparison the Volkswagen short squeeze of '08. The intraday high was over 1000. It took only 1-2 days to get there up from 200 IIRC. So, for instance, silver could easily go to 100 if that happened. I can't help it, but this looks like the textbook beginning of a commercial signal failure to me. http://gold.approximity.com/since1999/Silver_USD_LOG.html Link to comment Share on other sites More sharing options...
Crashman begins Posted November 9, 2010 Report Share Posted November 9, 2010 Smackdown VS Raw PM bulls Kilo bar £717.00 down to £705.00 Now £689.35 (CID) Link to comment Share on other sites More sharing options...
rpitwood Posted November 9, 2010 Report Share Posted November 9, 2010 Copy silver or a copy of a $20 coin? http://cgi.ebay.co.uk/1TROY-OZ-FINE-SILVER...60#ht_500wt_949 22 mins, £12.40 + £1.50pp Link to comment Share on other sites More sharing options...
electroweak Posted November 9, 2010 Report Share Posted November 9, 2010 http://www.zerohedge.com/article/pm-sellof...ilver-5000-6500 "CME confirmed silver margins raised from $5000 to $6500 (30%) effective 11/10 settl - no other metals affected" Presumably, this affects the maintenance margin. And is a lovely way to kill paper longs.... but not shorts, of course. This is also the last remaining self-regulating way for the market to tell the genocidal lunatic in the Eccles building to go fornicate himself, and his excess liquidity. Link to comment Share on other sites More sharing options...
Kilham Posted November 9, 2010 Report Share Posted November 9, 2010 Copy silver or a copy of a $20 coin? http://cgi.ebay.co.uk/1TROY-OZ-FINE-SILVER...60#ht_500wt_949 22 mins, £12.40 + £1.50pp I would guess fake coin real silver, the seller has other silver for sale so they must know what the real thing looks and feels like. If it isn't they're telling blatant porkies and a paypal claim should be successful. Link to comment Share on other sites More sharing options...
rpitwood Posted November 9, 2010 Report Share Posted November 9, 2010 I would guess fake coin real silver, the seller has other silver for sale so they must know what the real thing looks and feels like. If it isn't they're telling blatant porkies and a paypal claim should be successful. Good point. Thanks. I bet the description puts people off Link to comment Share on other sites More sharing options...
Perishabull Posted November 9, 2010 Report Share Posted November 9, 2010 http://www.zerohedge.com/article/pm-sellof...ilver-5000-6500 This was always an element I was concerned about regarding PMs. Of course it can affect price short term but not long term. Link to comment Share on other sites More sharing options...
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