"The Decade of EPIC Begins"
Once again, thank you...you rock!
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And like a no warning bat out of hell, the weekend has arrived. Enjoy!
SO JPM is going to buy BAC and when is this supposed to happen?Why do you think we will have a black monday? Speculation?
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Damn, and I'd just convinced myself to trade neutral into the weekend. Thanks SGS, great video as always!
SGS, that was hilarious! I made zerohedge my homepage a few days ago, and it was the first thing the bears said. Classic.
We're way above Moving Average in silver (only thing keeping me from backing the truck up).Thoughts?
What does everyone think the odds are that the Ben Bernank WILL NOT print?If they don't, expect the Dow below 10,000 by end of business on Monday.Civil unrest, riots at grocery stores, pandemonium and gunshots galore by Friday.
Quick question. I've bought from both APMEX and Scottsdale Silver. I'm looking to buy $5000 worth of Silver Eagles thanks to my SDS profits. 1. Who do you guys like better, APMEX or Scottsdale?2. Is it better to buy junk silver, Silver Eagles, Buffalo Rounds, Scottsdale stackers, or a combination of all of them?
@AdamPlease get junk silver. Silver is silver, why won't people realize this!?! You're going to lose some ounceage if you get Eagles, that's for damn sure. And for what? A pretty eagle on it that lost its colors...Provident Metals sells junk the absolute cheapest online. Get that "junk" brotha.
Adam, you should buy platinum instead. It is at way below 200 day moving average, easier to store, and just as precious as gold and silver; even more so.
well too bad junk silver sucks ha. i mean thats all i have but whatever no one wants that shit
nig4life, your point is kinda/sorta valid. It's ugly as shit! and a pain in the ass to count! But it's silver that's perfect in its various fractional forms. I think that's the hidden treasure of the junky junk.Ex-D, with your recommendation for platinum, do you have an end game with the white gold? As in swapping it out at a particular ratio for gold or silver down the line? I do agree it'll be helluva lot easier storing 2 oz of Plat or Gold, but in the cases of SHTF, those 2 ozs are pretty much useless as no sane person will give up an ounce of gold or platinum for a trade or barter, it's way too valuable.Adam, I recommend junk silver, but depends on your phyzz stash. I forgot who, but it might be Adam H. His sound recommendation was $50 of junk silver per head in the household. And it just came to mind... highrise408 really must've left the site for real. LOL, for the wrong reasons! Hope you're well in the Bay, bro. Keep that foil on your head and that AR strapped! It's comin' dahn!
Good video, much better than watching a trading screen! ;-)Thanks!
Not sure if I understood this video right, but you're expecting hell if the Bernank doesn't announce QE3 on Tuesday?I would put the odds of a QE3 announcement at the FOMC meeting next Tuesday at about 10%. The Jackson Hole meeting on the 26th is the one to really pay attention to. If there isn't at least a strong hint of some kind of additional accommodation at that meeting, then I will probably bug out.In between the two meetings we have manufacturing numbers, housing market indicators, price indexes, philly fed, leading indicators, joblss claims, and consumer sentiment numbers. It's a treacherous road between here and there but I'm trying to stick to my plan.
Adam Chalmers, APMEX has only 3214 Silver Eagles left (2011). If you want them, then buy them.
i dont understand why people buy junk silver. i buy maples, because thats what the exchanges buy back. they will not buy back junk silver or unmarked bars / rounds.unless your buying silver for doomsday, thinking your going to barter a 1.4 oz for your next meal, theres really no point. so take off your tin foil hat and buy eagles / maples.
Bot some Mercury Dimes from Nucleo/ BullionDirect. Underneath all the grime there is a well worn Dime. If/when Silver hits $200, we'll be polishing these old coins and weighing them out to the 1/100 Gr.No thanks, I like my 1/2 oz Gold State Morgans.
maradv,Come to LA, sir. Junk silver gets plenty of love down there. And because I go from city to city, San Francisco Bay Area & Dallas will jump on junk silver also. Might not be a dealer buying it, but there will be fiat in my hand at the end of the transaction, at spot or with a 2.5-5% premium.And I am diversified with the little phyzz that I have. Generic, marked bars and rounds + junk silver. Bars and rounds are to be held, and junk silver is to be deployed when needed. (I don't buy with the any intention of selling my phyzz...)I've bought and I'm holding. When dollar goes to shit, I think there's plenty positive points in owning junk silver. I'll keep my heavy duty foil hat on, and you continue paying $3.75~8 per ounce premium on them ASE or CMs, a 10 to 20% tax. When you're buying a $1000 worth, it doesn't really matter, but when you're fuckin' w/ big paper, that's major silver ounceage you're losing. Again for what? A pretty little eagle or a nice maple leaf. Oh yeah, and the situation that you can sell your phyzz back to the dealer, under spot.I will accumulate my pretty phyzz stash (ASE, CM, Phils, etc) when the shit comes down, and people are ready to barter for necessities.Until then, I will collect silver at or below spot.
I am a little confused as well? If you expect a bad day for market on Mon, then normally that would mean gld and slv should go up? I sounds like you are predicting a dip?And if Ben prints, that should ease fears on market and market should go up or stabilize? Which should be silver and gold should go down?Playing the odds, would it be better to buy today or more likely that Mon or Tues will bring a dip?Confused???? :)thanks,
I can see Ben doing a head fake on this one. The market's really going to have to beg for more QE, and thus will drop like a rock. However, if I remember, at the Fed meeting on July 12th, Ben already announced that he was willing to take additional measures to stabilize wall street. That was the start of the little run up this last month in PMs.
Monday should be a good day for PMs. ECB is printing and politicians are expecting S&P downgrade imminently. Something tells me the stock markets might yawn at the downgrade and love the printing.
ummmm WTF?CNN just reported that S&P served notice it planned to downgrade the US AAA rating??
I'm surprised no one here is talking about a dead cat bounce in dji/s&p/nasdaq. It seems obvious to me that it would do this before more blackness. Am I crazy?
S&P Just DOWNGRADED US AAA status. If they wanted a reason to start QE13 - here it is -So the question is should we place our orders for silver this weekend before the market opens on Mon? Or do we wait for the Printing to start and then order?
Gotta say I'm actually surprised those pussies went through with the downgrade.
Horsyguy is right (not that I didn't believe him...just sayin')http://www.bloomberg.com/news/2011-08-06/u-s-credit-rating-cut-by-s-p-for-first-time-on-deficit-reduction-accord.html
wwwwwwwwwwweeeeeeeeeeeeeeeeeee, the epic weekend begins early with a USSA downgrade, weeeeeeeeeeeeeeeeeeeeeeeeeeeeee
sgs, tinka down less than 2 with very light volume....it has held up like a champ thru this....monday could change everything , but i'm impressed....gpl did not act the same....
actually, only $2 premium, and tax free for maples here in canadia.ordering now. were in a dip, and with s&p downgrade on open to boot.
"...tinka down less than 2 with very light volume....it has held up like a champ thru this..."That's what I thought this morning also when I bought another 5000 shares. Then again, I'm an idiot when it comes to stock "trading".
The $2 Trillion Error, Urgent Meetings & Then a Downgrade Told they had a $2 trillion error in their calculation, S&P roused several of its European committee members from bed for an emergency call. In the end, the decision remained: a downgrade for the U.S.'s Triple-A rating.http://www.cnbc.com/id/44043459
maradv,Dude, that hurts! Why did you gotta drop the bomb on me like that? 2 dollar premium for a beautiful Maple? That was the first round I ever started stacking, but yes... Around April 2011 is when the premium went from 2.50 to 4 dollars at my go-to store. And even at the 2.50 time period at that particular joint, plenty of places elsewhere were high balling people at 6 to 8 over spot.S'all good though. We on the same team at the end of the day!
Shocked about the timing of the downgrade. We'll see if we have a black monday, but I would be shocked if we don't see actually QE before November...
wow Germany not gonna bail out Italy.This next week is going to be the most epic Market clusterfuck in our lifetime. I just went to the bank and cashed out 80% of my account. They were all giddy."What you have planned?" Hookers and Blow Bitches.
I'd go Scottsdale over Apmex...SS is cheaper 95% of the time...
@waffen"What you have planned?" Hookers and Blow Bitches. Classic!
Junk/scrap silver is easy enough to sell either tosilver dealers at £0.63 per gram or on ebay whereyou often get a premium.If you have any problems I will take as much as my fiat£ can muster.I'm holding just over 1000 oz collected since March. 100 oz in coins mainly Swiss British American.What people forget is all these coinshave been used for years. So it is hardly a stretch that they by their weight and purity canbe a medium of exchange again.For example a pre 1920 British shilling is 5.7 grams x63p=£3.59or a pint of Guinness.
If you ain't got physical that you can touch you ain't got shit.That goes for silver held in the metal exchanges.When the shit hits the fan can you be sure to get delivery.They can pay in fiat.
@SilverJournalWhy are you posting that shit? Are you looking to get banned?
@Adam - re which type of silver to buyI'm no expert and I know I can't predict the future - that's why I've spread my bet. I bought and hold silver grain, junk silver, graded coins, US Eagles, Canadian Maples, Somali Elephants, 1/5/10 ounce bars, and Aussie coins. I have no idea which will be favored but at least I'll have some that will work, somewhere.I checked the Provident Metals - they really do have the best junk silver price I've ever seen - don't know what their shipping or CC charges might do to affect overall pricing, but if not too severe, that's a good bet.Wish you well.The Navigator