Precious metals soaring. Silver is taking the lead.

[offdalip]

eddie,

I don't think you will see 20% correction, there would be too much short covering.

but if you ever see it come close to a correction of 20% to $30.16 from $37.7 this morning I would jump all over it.

It won't last long, and you still won't get it at $30.16 cause there is a 10% surcharge on physical delivery

[Eddie]

Hi offdalip,

I was referring to Gold. I have noticed that silver doesn't come down much when Gold takes a heavy hit.

[offdalip]

actually silver has been historically way more volatile than gold.

The reason it has not seemed that way in the short term is because there appears to be
very very solid support levels building under silver price at each run up.
trading jargon. I don't trade PM's , I hold them .

What this means is that on each pullback the buyers come in so that essentially there is only an extremely short term correction at most.

You can easily see this at kitco 1 year graphs of Au and Ag. one has a steep unrelenting rise and the other rate of ascent is more gradual and steady

[Beeherder]

and today we have another brilliant piece of work by these folks:

http://dailybail.com/home/hilarious-jpmorgan-silver-manipulation-explained.html

[silverseeds]

http://www.jackhuntatb.com/

 this guy is one of 10 people able to sell a set of "america the beautiful" bullion coins. there are 5 of them each 5 ounces. Price including shipping is only 38 dollars an ounce!!!  These are selling for 400-500 dollars more on ebay for who knows what reason, so you could sell them ASAP, and make some money..... get more silver.... there selling fast so move fast if you want them.

[Eddie]

Major upswing in Gold and Silver today incase no one noticed. Don't have a clue why yet.

[offdalip]

Major upswing in Gold and Silver today incase no one noticed. Don't have a clue why yet.

No there wasn't

All the exchanges except for COMEX were closed in observance of good friday

this was just order reshuffling

wait until they all re open