Silver about to pass $40/oz!

[jokerswild]

^^ honestly just for a scalp. i do not like trading commodities. reason being they move not based on fundamentals but based on supply and demand for the most part (not current but 6 months or 1 year out even) what we are seeing here is nuts. volume on the ETF's were double or triple what they were last week. and today we are on pace for even more volume. I've seen traders get absolutely obliterated trading commodities. cannot trust charts, cannot trust fundamentals, cannot trust anything. silver could double from here or drop 50%. either way I would not be surprised.

just talked to my boy at work. he said he fought silver yesterday then stayed short overnite.. today he covered but still has puts for May. if silver tanks more he will make a fortune.

i actually did trade a silver equity last week. SLW. silver wheaton. i was buying it on large pullbacks and then getting out fast.

Unless a huge silver hoard in the order of several million tonnes is discovered, it is impossible for it to fall and stay down, here is a good read, long but some good stuff in it...

Short Sellers Now Screaming About a Buy Side Silver Conspiracy - Seeking Alpha

 

[jokerswild]

And, for the 87th time, the entire point of this thread lol.

haha, thing is, between now and six months, and a year and so on, the demand is not going to go down because THERE IS NOT ENOUGH SILVER TO COVER THE CURRENT DEMAND AND PAPER SILVER NOW, anyone who is not making money in silver right now and is in the "financial market" is either an idiot or doesn't know how to trade...........

 

[jokerswild]

APMEX has run out of silver eagles, here's the email they sent me, they are paying $3 OVER spot price:

Dear James,

Due to the recent incredible demand for Gold and Silver bullion products, APMEX would like to offer you an exclusive opportunity to LOCK IN YOUR PRICES and sell us some of your U.S. Mint collection. This is a limited time offer and it is first come, first served until we have secured enough U.S. Mint bullion products to meet our current demand!



We Want These Products:

We will pay you $38.00 over the current spot price of Gold for your Gold American Eagles. ANY year, ANY quantity!

We will pay you $3.00 over the current spot price of Silver for your Silver American Eagles. ANY year, ANY quantity!

We will pay you $1,250.00 for your 2010 America The Beautiful 5 oz. Silver coin sets.


Once we have purchased enough of these products to meet our current demand, this offer will end! YOU MUST ACT NOW!

Simply call our Purchasing Department toll free at 800.375.9006 between 7:00 a.m. and 5:00 p.m. CDT to lock in your prices right now. At APMEX, we make it easy and hassle free to buy and sell U.S. Mint bullion coins.



Respectfully,

Clint Hughes
Senior Vice President of Marketing
The American Precious Metals Exchange



P.S. Tell your friends they only have 5 days left to get FREE shipping on their first order when they purchase through the ALL-NEW mobile.APMEX.com on their smartphone! U.S. Shipments Only.

 

[stevesmi]

^^^^ have you used them before? sounds like one of those nigerian scam emails

i've got a drawer of silver coins that i want to get rid of. my dad used to own an arcade and people used to put them in the machines back in the late 70's so he saved them up.

i've got like a few G's worth leftover.

 

[the.gladiator1987]

Apmex is 100% legit bro

 

[stevesmi]

I am gonna find a local dealer and give him that email and see if he can match that.

 

[redshirt27se]

I am gonna find a local dealer and give him that email and see if he can match that.

doubtful.


your best bet is to sell them privately. if you find a collector/silver hoarder it's a win/win for you both. you'll get more than a dealer will give, and he'll get it cheaper than he would at a coin shop.

 

[nimbus]

anyone who's trying as hard as JW to convince people that silver is a good buy obviously has no confidence in its value, otherwise they'd just stfu and get rich

 

[calveless wonder]

Weed is holding steady at $300/oz

 

[-SD-]

Weed is holding steady at $300/oz

Word on the street is its about to skyrocket rob!