SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: TheBusDriver who wrote (61209)9/18/2008 2:42:15 AM
From: marcos  Read Replies (1) | Respond to of 78421
 
Probably wasn't the most thorough systematic search, just talked to two coin shops and a few related people, they all know each other though of course, and are familiar with the situation ... the general impression was that there is metal out there, it's that nobody wants to sell at these prices, they'd rather buy, well that only makes sense ... i scored a bit two weeks ago, so that's fine, don't have that much interest in physical as it's hard to imagine ever selling it

Didn't notice anything selling off into the close, was watching mostly small producers and mid-size, they were all trading up in the 4:10 time ... ah, i see cfo.v downticked, well that's meaningless, one player dumps 4k in a very thin stock ... it does have a gap open now though, ahem, bidders should pull back and somebody please paste it to 3.10 before carrying on

There was only very temporary sense in that rush into usd, everybody getting liquid and ready for the next move, there has to be a next move because they are degrading the currency, they don't have much option but to degrade it, it's either that or deflationary depression, something you especially don't want during an election ... the course is pretty much set for PMs, lots of wicked little dips along the way, that's normal ... there will be lots of metal available at higher stages, might be wise to watch supply as a profit-taking signal