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Gold slides again with yesterday's bounce now near-erased, off 1% at $1,373/oz. Silver tumbles...

Gold slides again with yesterday's bounce now near-erased, off 1% at $1,373/oz. Silver tumbles 2.2% to $23.12. GLD is actually a bit higher premarket thanks to gold being above the level it stood at the 4 PM close of stock trading. SLV -1.2% premarket.
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Comments (9)
  • Doug Eberhardt
    , contributor
    Comments (3019) | Send Message
     
    Just found out from one of my suppliers I typically do my larger orders with they have no Silver Eagles, No Canadian Maple Leaf Silver coins and no Canadian Maple Leaf gold coins available (first time I have seen a shortage of gold coins). My other supplier has 20,000 left of both the Silver Eagles and Canadian Maple Leaf silver coins. http://bit.ly/16XEYEG These are two of the largest suppliers in the U.S.
    17 Apr 2013, 08:50 AM Reply Like
  • Sammyboy12
    , contributor
    Comments (91) | Send Message
     
    Funny! I am just about to return a set of 4 Maple leaf gold coins to my supplier. Offers?
    17 Apr 2013, 09:45 AM Reply Like
  • CoinsK
    , contributor
    Comments (3521) | Send Message
     
    Spot
    I hear a lot of people who bought on EBAY are actually returning Bullion to the sellers because they have a 45 day no questions asked return policy through Paypal if you use it. That is so wrong for the Sellers .Returning Bullion that one agreed to buy at a price because of a price drop is just pathetic.
    17 Apr 2013, 11:30 AM Reply Like
  • eagle1003
    , contributor
    Comments (1571) | Send Message
     
    So, the retail investor is still dying to get their hands on gold and silver. I am not so sure that should be taken as a positive sign.
    17 Apr 2013, 09:31 AM Reply Like
  • Doug Eberhardt
    , contributor
    Comments (3019) | Send Message
     
    You are entitled to your opinion Eagle. Another attorney who buys from me regularly told me the local coin shop has a line outside of it. Either the doctor's, attorney's and dentists who regularly buy from me are dumb or your are right. Meanwhile the debt clock fast approaches $17 trillion. Banks don't mark to market. Fed still interfere's to keep rates low. Etc. Etc. Sign, sign, everywhere a sign.
    17 Apr 2013, 09:35 AM Reply Like
  • FrankinMiami
    , contributor
    Comments (27) | Send Message
     
    I would think this has nothing to do with supply of gold or silver, but more an issue with gold coin producers. If I were a producers of coins and minted coins that cost me 1650 an ounce to produce, I think I would hold them back. Someone has to eat the loss and the guys minting them will wait it out.
    17 Apr 2013, 09:32 AM Reply Like
  • User 6571511
    , contributor
    Comments (12) | Send Message
     
    Yes, now it is a good time to buy especially silver! I just read an article that makes me more convinced than ever: http://bit.ly/12mlYyB
    17 Apr 2013, 09:45 AM Reply Like
  • greinhold
    , contributor
    Comments (39) | Send Message
     
    Please tell me how our President and his administration can watch from the sidelines as a few bullion banksters orchestrate one of the biggest thief's in history...transferring wealth from everyone who owns gold to themselves...where's the leadership?...missing in action again.

     

    "...Since Friday morning, the value of total above-ground stocks of gold bullion, estimated by metals consultancy Thomson Reuters GFMS at around 174,000 tonnes, has fallen by more than $1 trillion...."

     

    (http://bit.ly/15gCMtx)
    17 Apr 2013, 08:34 PM Reply Like
  • User 11160321
    , contributor
    Comments (3) | Send Message
     
    Although I find the harsh drop in silver prices somewhat of a surprise I still believe this is an incredible buying opportunity. It is typical for those holding silver to get scared into selling after a drop like this and yet for those who can step back and carefully evaluate the situation realize that silver always rebounds and will do so again. This month on the charts a year or so down the line will be looked upon as a great time to buy but by then it will be too late. I only wish I had more available funds to buy physical silver right now!
    17 Apr 2013, 10:46 PM Reply Like
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