Ag dropping like lead..................

[50cent]

24-hour Spot Chart - Silver

The price of silver past couple-a days has been going down, down, down, perhaps when it drops some more, it will be a good time to buy some Ag. Anyone think its a good idea if it keeps dropping, to take some money out of the CRH fund, and put it into the Ag investments?

 

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[OtlFrutiger]

I don't think I'll ever break into my hunting money. Gotta hunt to live! ;-)

 

[LooseChange]

. . . Anyone think its a good idea if it keeps dropping, to take some money out of the CRH fund, and put it into the Ag investments?

Only if diverting the CRH swing doesn't interfere with the volume of finds.

Sure Ag spot might be lower than it was a while back, but you'll never beat buying it at face value.

 

[FloridaFinder]

Only if diverting the CRH swing doesn't interfere with the volume of finds.

Sure Ag spot might be lower than it was a while back, but you'll never beat buying it at face value.

Well said.

 

[TimZim]

I just got some silver 6 rolls of dimes 2 rolls of halfs all under spot. And did a trade for some more. Its a good deal now i think?? Time will tell.......

 

[fistfulladirt]

I can't find any locally because we all buy on the dips.

 

[sagittarius98]

Lead has actually gone up:

 

[jeff of pa]

Dive ! Dive !

 

[Weaselbrott]

It will rise again from the ashes. My uneducated guess for the dip... The Fed has just found a way to print gold and silver out of thin air :P

 

[TimZim]

Its good when it goes up and down

 

[Generic_Lad]

I can't find any locally because we all buy on the dips.

Yep, this is exactly right.

Yes, "paper silver" is cheap right now, but what that chart doesn't show is how much physical silver costs. In general, whenever silver prices drop like this, the premiums on things rise so even though the paper price is $30/oz, you still end up paying $33/oz when you buy actual bars/rounds/coins. The spot price is a convenient yardstick but it fails to accurately represent how much actual silver costs and is instead based on just trading paper.

 

[Diggin-N-Dumps]

Ive said it over and over...I have no plans cashing in anything right now, I would love to see it drop to 2008 prices again.

 

[jeff of pa]

Ive said it over and over...I have no plans cashing in anything right now, I would love to see it drop to 2008 prices again.

I'm more in line with 1992 prices, at least for 2 years,
and hope premiums drop fast

 

[palidin20603]

All of this is wrong IMO. It is the 3rd Friday of the month, the current futures contract is settling today and people are closing paper positions. It will shoot up $1 per ounce some point next week. It almost always has volitility on the 3rd Friday of each month especially if it is triple witching, meaning month close, quarter close and year close. I believe. HH

 

[jeff of pa]

All of this is wrong IMO. It is the 3rd Friday of the month, the current futures contract is settling today and people are closing paper positions. It will shoot up $1 per ounce some point next week. It almost always has volitility on the 3rd Friday of each month especially if it is triple witching, meaning month close, quarter close and year close. I believe. HH

Yes I don't expect anything major to happen with silver any time soon'

I believe it's in the $30's for the year
with maybe just short Dives & jumps
in between

 

[Nomatic00]

Yep, this is exactly right.

Yes, "paper silver" is cheap right now, but what that chart doesn't show is how much physical silver costs. In general, whenever silver prices drop like this, the premiums on things rise so even though the paper price is $30/oz, you still end up paying $33/oz when you buy actual bars/rounds/coins. The spot price is a convenient yardstick but it fails to accurately represent how much actual silver costs and is instead based on just trading paper.

Absolutely right.. I checked several online brokers for 90% bags. I settled on Apmex Thursday when spot was 30.41 and with shipping and my banks wire fee I ended up paying 32.47 per oz..

 

[Weaselbrott]

Something I am noting on WSJ is that big company mergers are pushing the dow up significantly. Berkshire Hathaway just bought Heinz, therefore silver goes down. This is the silly world we live in; ketchup making silver drop :P

 

[Diggin-N-Dumps]

I'm more in line with 1992 prices, at least for 2 years,
and hope premiums drop fast

View attachment 741640

haha..I stand corrected

 

[LooseChange]

. . . I would love to see it drop to 2008 prices again.

I'm more in line with 1992 prices. . .

haha..I stand corrected

Why not just wish for the 1964 (aka CRH) cost of $1.38?

 

[Digesting a common clad]

Something I am noting on WSJ is that big company mergers are pushing the dow up significantly. Berkshire Hathaway just bought Heinz, therefore silver goes down. This is the silly world we live in; ketchup making silver drop :P

Makes total sense, silver is essentially worthless to joe anybody unless they use it industrially, its usefulness is Zero unless for investment purposes which I highly recommend electronic silver.