Going Back into Silver

[tamo42]

Just goes to show that the demand for silver is still out there. Some analysts are forecasting that the prices for physical metal will diverge from paper silver. Basically that they will become two entirely different markets, where the physical will be subject to real market supply and demand while the paper market will be the land of jpm style manipulators.

[badon]

That has long been the case, though the difference is not extreme yet. The divergence is increasing.

[tamo42]

Well that was a fun 15% in a few days.

[smbgaiden]

Entered silver again today. Not a recommendation, just an anecdotal reference of something I did. Established position and may adjust tomorrow based on what happens and how I interpret it.

[tamo42]

Interesting. Sadly I've been focusing on other things so I missed this latest run. I did pick up some GLD a week or so ago though.

[badon]

Precious metals, coins, and other assets not under the control of the government should be doing well right now. I haven't been paying attention though.

[dobedo]

Yes, silver is doing quite well today - lost about 7% in one day. Ha!

[badon]

Looks like it took a small drop today, but has been trending upwards for a while. Oh well, I don't really follow what the metals are doing anymore.

[r3globe]

Here is an interesting development: If you go to APMEX.com right now and try to place an order, here is what comes up:

*Attention – Due to the uncertainty in the global precious metals markets, we will not be able to accept any additional orders until the global markets re-open in Asia. We expect to be accepting orders around 6:15 pm EST. Sunday August 7th, 2011, following the market open.

Hmmm a sign of the times , maybe!

[smbgaiden]

Gold up like a rocket http://www.kitco.com/

Silver up a little.