yeah, ive been keeping an eye on it too. and gold.

silver (september 2012) has close above 30 dollars to confirm up trend.

I apologize if this questions has been answered in the past, but where is the best place (in the lower mainland) to buy physical silver?

Preferably not at a hefty premium as well.

I don't really want coins, instead I'm looking for the bars.

Thanks

J and M Jewellery & VBCE

Now it's really taking off. Hope you had a few

nah i don't trade silver futures, the margin is too high. 18k a contract.

been trading cotton, corn, and other more "predictable" stuff.

im looking at gold though, less than 10k a contract.

holy fuck silver margin is 18k a contract jeezus lol

yeah cuz it's so volatile, every dollar silver moves is 5grand in or out of your pocket per contract.

i shoulda pulled the trigger, too focused on other markets right now.

Been killing it on the corn? I expect it to tank eventually (demand destruction) but I guess the price hasn't gone high enough yet. Sugar and coffee look like good long term buys now. Kinda dont like trading them because of ICE tho
Try a mini silver, 1/5 the size and margin?

nah, i got out of corn halfway up. i know retarded. i couldnt pull the trigger and enter at a worse price even though i knew it would go higher. so now im waiting for the short selling. i agree it will come. just gotta be ready when it does.

what's wrong with ICE? (other than their trading hours LOL!)

I'd say look at cocoa. it broke up this week on the daily.
cotton looks like its gonna break up again on the daily.

ive been watching coffee and sugar closely too, but i don't feel they're going to go up (nothing really confirmed yet), but i can see where you're coming from. but i can also see them going a lot lower first. sugar seasonal charts say october low. and.. the looks of it, if it breaks the support its gonna keep going down.

coffee... i just gotta watch a little longer for more confirmations.


that's no fun LOL!
yeah i guess i could. i don't really have an excuse.

Yea the hours are retarded, can't change from a day order to a GTC since their upgrade a couple of years ago, No GTC orders on options, their website is horrible, limit order cant be changed to mkt order.
There's more stuff I'm sure but those are the ones that bother me the most.

Looks like you're right they've tried to rally but gave up. Super run on that cocoa, good job man.


Well I guess you could say with stops, it's so illiquid at night you just get raped. And sometimes it just boots your order cause the next bid/ask is too far away. And some pretty wild swings today with the Jacksonhole. good luck trading

any predictions on how high silver will go?

Ordered silver at 29.50/oz, now it's 34 :fuckyea:

Ordered gold at 1680/oz, now it's 1735 :fuckyea:

Ulic, see the pop in coffee today? +10.00

These past couple weeks silver has dropped quite a bit..
so i decided to go to J&M at metrotown to purchase a 100oz bar
I recieved a engelhard type II bar

After doing some research I realized there are some lead filled engelhard bars floating around, although quite rare..
I wanted to get your guys opinion.. I should have asked them to write down the serial number on the reciept.. After looking at the bar i noticed a 2mm gash with what looks like a copper color inside, it might just be the age of the bar.
Should I be worried?? It does however pass the ring test.
Do jewlery stores like J&M typically check for these kind of "lead filled" bars when they purchase? Im shitting bricks right now as I baught it at spot price of $28.8 with approx $1.80 premium.. and it it were leadfilled I just lost almost 80% of my investment

gonna buy some now

Are people here just randomly buying up silver without any clue? If you have very limited knowledge of silver or precious metals in general, which I believe to be the case from scanning some comments, I'd suggest looking into stocks of silver streaming company like Silver Wheaton (the largest silver company by reserves). It's a very solid company underpinned by favorable operating structure. Unlike Franco-Nevada and Royal Gold, they are very focused on silver although recently they diversified a little bit into gold from acquiring two mining assets from Vale. Nevertheless, their portfolio of mining properties are mostly very high-grade large mining assets operated by strong mining companies.

I buy these due to their low premium and pick it up stateside.

OPM 1 oz Silver Rounds | Buy Ohio Precious Metals One Ounce Rounds

Buy all the silver now!!!!!!!!

what makes you say that... technicals?

Totally. Long sell tail on mar 1. And maybe a reverse head and shoulders forming. Your thoughts?

http://oi45.tinypic.com/33vltud.jpg

this is what I see...

Silver May2013 contract.

your march 1st was a bounce off channel support. so yes... but I missed that day, and I'm weary to buy so late.

if it can break up above 29.35, it could reach the top of the channel. but i'm not willing to take the risk when its in the middle of the channel.

I'd short if it hits the top of the channel. and yes, you did the right thing by buying at the bottom of the channel.

I See what you mean. For safety's sake I should probably bail around $30, though I'm getting nervous with Gold repeatedly getting rejected @ $1600.

yeah, gold and silver are like buddies. if one guy decides not to go through, the other guy usually doesn't either. lol

yeah see... it went down couldnt break the 20 day average line. it's almost at the bottom of the channel now... or already bounced off. I HOPE YOU GOT OUT!!! it couldnt break 29.35-45.

time to buy... or... almost time to buy. unless it breaks down through the channel lol. we'll see the next few days.


edit: shit i retract my statement... any buy would be a small temporary up... if you look at continuation weekly or monthly charts of gold and silver (especially gold)... man.. it's totally overbought and it could easily drop down to 1100 dollars. it just has to break the support. silver is a wedge downward on weekly/monthly.

that being said, i would still probably buy, but you gotta take profits fast. long term i think it's going down. silver could go down to 21 bux. that's 6-7 bux to be made! 31-32 grand per contract. but small players like us have to find a good entry point, any small swing upward could knock us outta the game. unless we can afford huge stops.

MONTHLY GOLD CONTINUATION
http://i.imgur.com/FvWnUpT.png


MONTHLY SILVER CONTINUATION
http://i.imgur.com/xfbMsjr.png

as you can see... very strong indication of them both heading down. silver already closed below the 40 day average.

lower highs
MACD both crossed over and heading down, soon they can be both below the 0 line.
stochastic crossed over a long time ago.


i'd keep an eye out for the other metals as well. coppers been going down and long term charts has a lot of room to go down.

platinum and palladium not so much, auto sales are on the rise, those two metals are crucial components for the engine. hence why palladium has been going up... platinum has been struggling, going sideways.