Get ready for even less physical silver to be available.

Quote from Martinghoul:

Hahahaha, so you just offer this purely objective, unbiased info to us eeejits out of the goodness of your heart? I don't know what to say, I am all choked up with gratitude. In fact, I am so grateful, I'm moving my bid to $20.5. Just for you, 'cause you're such a stand up guy, peil.
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The purpose of a message board is to give your opinion and disagree with others if you believe different. Alot of information and ideas get bounced around and you can make your trade based off whether you think information is good or not. I posted this link just under 2 years ago...

http://www.elitetrader.com/vb/showthread.php?s=&postid=2578634#post2578634

had someone read it and decided to buy silver, they would've been up 123% by today vs had they just been in the Dow jones they would only be up 30% for the same time period. (or 27% with the S&P)

I make the occasional stock call too, but nobody usually cares even though they have had exceptional returns. I made this call in 2008 with SFI that it would go from $1 to $10. (I was wrong about the divy call on that one though, but I got the price right)

http://www.elitetrader.com/vb/showthread.php?s=&threadid=143004&highlight=sfi

And just for a little more credibility so that you all understand that I know what a bubble is and is not, I called the housing bubble to pop back in mid-2005 when everyone and their grandmother was screaming to buy it.

http://www.elitetrader.com/vb/showthread.php?s=&postid=780097#post780097

Believe it or not, I am trying to help some of you make money at the same time as me "out of the goodness of my heart" :)

I really am not telling you all to buy it while I'm laughing at you from my keyboard and shorting the hell out of silver with the $10 billion dollar hedge fund I control.



Well...MAYBE I'm not. :p
 
Just called a distributor for sunshine minting that I was referred to. I decided that since the price dropped back to 35 this morning I would buy some physical. I was out of luck...the guy told me he was completely sold out and would probably not have anymore for 2.5 months!

Ended up going to apmex to buy them as it seems like they are the only ones in the world that have any silver left in decent quantity and paid that hefty premium they charge for their rounds.
 
Quote from peilthetraveler:

Everyone wants to be a hunt brother.

http://kiddynamitesworld.com/sprott-to-launch-silver-bullion-mutual-fund-but-why/

Sprott is going to buy up tons of physical silver to launch this mutual fund. Its looking like the big boys are positioning themselves for the collapse of fiat money. A fund like this and PSLV will help keep spot price in line with actual physical silver demand.


$38 is cheap silver. Buy now, or reget later just like you all regret not buying silver at $5-$10per oz.
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Lot of them did sell in May-hey;
some in APR. $38 is a good buy,
in the sense that its a good long term uptrend.

Frankly while the long term uptrend is fine
Medium term trend , 5 day trend is a polar bear trend .

Silver supply has improved, plenty of dealers did not want to buy during a steep downtrend-to easy to get stuck in hi priced silver for resale........................................................:D
 
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