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Re: Silver shot up...... [Re: Gary Benson] #6956497
08/06/20 07:43 PM
08/06/20 07:43 PM
Joined: Dec 2014
Posts: 271
northern arizona
P
petehall Offline
trapper
petehall  Offline
trapper
P

Joined: Dec 2014
Posts: 271
northern arizona
Your good ,let it Ride !!!!


pete
Re: Silver shot up...... [Re: Marty] #6956512
08/06/20 07:54 PM
08/06/20 07:54 PM
Joined: Jun 2012
Posts: 364
kansas
L
larrywaugh Offline
trapper
larrywaugh  Offline
trapper
L

Joined: Jun 2012
Posts: 364
kansas
Why is it when I Google silver spot price its 28.96 but jm bullions website says 29.86.


Won't take no prisoners,won't spare no lives.
Re: Silver shot up...... [Re: Steven 49er] #6956514
08/06/20 07:55 PM
08/06/20 07:55 PM
Joined: Apr 2014
Posts: 5,242
MO
cfowler Offline
trapper
cfowler  Offline
trapper

Joined: Apr 2014
Posts: 5,242
MO
Originally Posted by rex123
If it is this high tomorrow I am selling some.

Originally Posted by Steven 49er
I wouldnt.

Me neither!


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Silver shot up...... [Re: larrywaugh] #6956580
08/06/20 08:58 PM
08/06/20 08:58 PM
Joined: Dec 2018
Posts: 2,306
WI
Sprung & Rusty Offline
trapper
Sprung & Rusty  Offline
trapper

Joined: Dec 2018
Posts: 2,306
WI
Originally Posted by larrywaugh
Why is it when I Google silver spot price its 28.96 but jm bullions website says 29.86.


Was the market still opened when you checked it?

Re: Silver shot up...... [Re: larrywaugh] #6956596
08/06/20 09:23 PM
08/06/20 09:23 PM
Joined: Oct 2008
Posts: 476
s.e. mn
T
timbremn Offline
trapper
timbremn  Offline
trapper
T

Joined: Oct 2008
Posts: 476
s.e. mn
Originally Posted by larrywaugh
Why is it when I Google silver spot price its 28.96 but jm bullions website says 29.86.

Because when you buy silver at retail you are always going to pay over spot. When you sell, you should get spot. The dealers make their money on the spread.

Last edited by timbremn; 08/06/20 09:24 PM.

"When you change the way you look at things, the things you look at change."-Max Planck
Re: Silver shot up...... [Re: Marty] #6956606
08/06/20 09:32 PM
08/06/20 09:32 PM
Joined: Apr 2018
Posts: 74
Ozark Mtns, AR
J
JD Hornet Offline
trapper
JD Hornet  Offline
trapper
J

Joined: Apr 2018
Posts: 74
Ozark Mtns, AR
A lot of people on here have stated metal is a bad investment. When it is a good investment it is to late to buy. Just like the stock market. Metal is for long term. Silver has been making a dollar a day for a few days now. Gold is to the moon. 49er is correct rex. Played this game in early 2000's hold on it's going like a rocket ship and it is all engineered just like the stock market.


Farm Hard
Re: Silver shot up...... [Re: Marty] #6956608
08/06/20 09:33 PM
08/06/20 09:33 PM
Joined: Apr 2018
Posts: 74
Ozark Mtns, AR
J
JD Hornet Offline
trapper
JD Hornet  Offline
trapper
J

Joined: Apr 2018
Posts: 74
Ozark Mtns, AR
A lot of people on here have stated metal is a bad investment. When it is a good investment it is to late to buy. Just like the stock market. Metal is for long term. Silver has been making a dollar a day for a few days now. Gold is to the moon. 49er is correct rex. Played this game in early 2000's hold on it's going like a rocket ship and it is all engineered just like the stock market.


Farm Hard
Re: Silver shot up...... [Re: Marty] #6956612
08/06/20 09:34 PM
08/06/20 09:34 PM
Joined: Oct 2008
Posts: 476
s.e. mn
T
timbremn Offline
trapper
timbremn  Offline
trapper
T

Joined: Oct 2008
Posts: 476
s.e. mn
Nothing wrong with selling a little on the way up to the moon


"When you change the way you look at things, the things you look at change."-Max Planck
Re: Silver shot up...... [Re: Marty] #6956614
08/06/20 09:36 PM
08/06/20 09:36 PM
Joined: Apr 2018
Posts: 74
Ozark Mtns, AR
J
JD Hornet Offline
trapper
JD Hornet  Offline
trapper
J

Joined: Apr 2018
Posts: 74
Ozark Mtns, AR
Nothing wrong with a smart investment and making money Tim. I pray you do well!


Farm Hard
Re: Silver shot up...... [Re: timbremn] #6956636
08/06/20 09:50 PM
08/06/20 09:50 PM
Joined: Mar 2007
Posts: 30,110
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 30,110
McGrath, AK
Originally Posted by timbremn
Nothing wrong with selling a little on the way up to the moon



No one ever lost money taking a profit. You might leave some on the table but I'd rather do that than lose.


Mean As Nails
Re: Silver shot up...... [Re: Marty] #6956640
08/06/20 09:55 PM
08/06/20 09:55 PM
Joined: Aug 2010
Posts: 6,277
Asheville, NC
C
charles Offline
trapper
charles  Offline
trapper
C

Joined: Aug 2010
Posts: 6,277
Asheville, NC
I bought two 100 oz bars at, drum roll please, $4 per ounce after it fell from the $32 range. Still a lousy investment over 35 years of holding. Most any good stock would have beaten it. I add a little every year but only in 1oz coins now.

Re: Silver shot up...... [Re: Marty] #6956664
08/06/20 10:28 PM
08/06/20 10:28 PM
Joined: Aug 2010
Posts: 6,277
Asheville, NC
C
charles Offline
trapper
charles  Offline
trapper
C

Joined: Aug 2010
Posts: 6,277
Asheville, NC
I would consider selling over $30 and would pull the trigger over $40. Patience, greed, and ignorance are my ventures.

Re: Silver shot up...... [Re: Marty] #6956997
08/07/20 09:08 AM
08/07/20 09:08 AM
Joined: Feb 2008
Posts: 226
NE Indiana
L
Larry Hall Offline
trapper
Larry Hall  Offline
trapper
L

Joined: Feb 2008
Posts: 226
NE Indiana
Certainly interesting times here.. I'm mostly on the side lines now in the metals paper market, both metal and miners. Weds was my day to say the heck with it and take profits.. Hoping for that pull back like everyone else now LOL.. $24/25 is the dream number to reenter I suppose. This has become quite an interesting little trade the last few months..Been a heck of a lot more productive than fur trapping or hunting.. I find it interesting that more than a few Trappers are fairly actively engaged in the PM market as the average investor doesn't have a clue and the market is so tiny. Some similarities to the Trapper numbers I guess...Good luck to ya all..

Re: Silver shot up...... [Re: Sprung & Rusty] #6957007
08/07/20 09:19 AM
08/07/20 09:19 AM
Joined: May 2010
Posts: 6,721
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 6,721
mn north of blakely
Originally Posted by white17
Originally Posted by timbremn
Nothing wrong with selling a little on the way up to the moon



No one ever lost money taking a profit. You might leave some on the table but I'd rather do that than lose.

Originally Posted by Sprung & Rusty
Originally Posted by larrywaugh
Why is it when I Google silver spot price its 28.96 but jm bullions website says 29.86.


Was the market still opened when you checked it?


Silver market is open from Sunday 6 pm eastern time to Friday 5 pm eastern, also they close Monday through Thursday from 5 to 6 pm eastern. It's a global market

I wouldn't sell my metals right now, profit or no profit, the dxy market isn't done falling yet, not by a long shot. I'd maybe consider selling miners but then I'd take the profit and buy more physical.

Re: Silver shot up...... [Re: Marty] #6957032
08/07/20 10:24 AM
08/07/20 10:24 AM
Joined: May 2010
Posts: 6,721
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 6,721
mn north of blakely
Looks like there is some profit taking going on today.

No worries, it's a good thing.

Re: Silver shot up...... [Re: Marty] #6957042
08/07/20 10:45 AM
08/07/20 10:45 AM
Joined: Apr 2014
Posts: 5,242
MO
cfowler Offline
trapper
cfowler  Offline
trapper

Joined: Apr 2014
Posts: 5,242
MO
I doubt if today’s paper sell-off and price drop will drop the price in the physical market as much, unless you’re selling.


I trap for fun. I skin 'em for the money!
Grinners For Life-Lifetime Member, MO Chapter, Den #1
~You Grin, You're In~
Re: Silver shot up...... [Re: Marty] #6957654
08/07/20 10:15 PM
08/07/20 10:15 PM
Joined: Nov 2007
Posts: 882
N. W. MISSOURI
T
TRAPPER-ED Offline
trapper
TRAPPER-ED  Offline
trapper
T

Joined: Nov 2007
Posts: 882
N. W. MISSOURI
you need to watch the Kendall report ever morning , bob knows his stuff , he will tell you what he thinks is going to happen , most always right ,he says it looks like prices of gold and silver will stay high for 6-10 months ? HE is on you tube also


40 + years of trapping & some fur buying and i still know nothing.
Re: Silver shot up...... [Re: Marty] #6957681
08/07/20 10:37 PM
08/07/20 10:37 PM
Joined: Dec 2018
Posts: 2,306
WI
Sprung & Rusty Offline
trapper
Sprung & Rusty  Offline
trapper

Joined: Dec 2018
Posts: 2,306
WI
How high is it going to go?

Re: Silver shot up...... [Re: Marty] #6957725
08/07/20 11:26 PM
08/07/20 11:26 PM
Joined: May 2010
Posts: 6,721
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 6,721
mn north of blakely
Higher!

Re: Silver shot up...... [Re: Sprung & Rusty] #6957754
08/08/20 12:06 AM
08/08/20 12:06 AM
Joined: Dec 2014
Posts: 106
Arizona
S
Starbits Offline
trapper
Starbits  Offline
trapper
S

Joined: Dec 2014
Posts: 106
Arizona
Originally Posted by Sprung & Rusty
How high is it going to go?


It is going to go to 1$ below your sell point and then drop to 1$ above your buy point.

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