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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?


To: the navigator who wrote (7815)3/21/2008 4:05:41 PM
From: polarisnh  Read Replies (1) | Respond to of 8010
 
uts,

I believe that when push comes to shove during a market meltdown that there is a distinct chance that some of these orders that had been 'pushed' out for whatever reason could potentially be cancelled. For that reason and that reason alone it makes me a little concerned when I can't take delivery within a week or so for ordinary bullion product.

Cheers,

Steve



To: the navigator who wrote (7815)3/25/2008 2:54:37 AM
From: Joe Krupa  Read Replies (1) | Respond to of 8010
 
Ditto everything rumoured about NWT and their practices....I would not buy from them only because of the often 3 month delay in delivery of physical. I hear Kitco and others will only purchase NWT silver (PanAm or NWT) at a discount to what they normally offer, as they don't consider it "recognized".

Pulled the trigger this evening on 300oz through Kitco. Don't have the exact numbers in front of me, but I purchased them right when I saw the US dollar start tanking in Asia a few hours ago. I know spot had risen to about 17.20 when I decided to buy.

I may regret not waiting for a pullback to the $14-15 level (as some predict), but when I see the US dollar continue the collapse, the odds of those levels become slimmer.