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  • Today in Commodities: Commodity Correction [View article]
    Kudo's for pushing away from the silver pit, Matt. Good call! The bull gave more than a few the horns this week so far. I'm down a good chunk from last week, but look at it as a new opportunity down the road.
    May 4, 2011. 07:56 PM | 2 Likes Like |Link to Comment
  • Silver Down but Physical Premium Still Pricey [View article]
    I found the Roosevelt dimes to have clad coins slipped in most often. When I was getting them for $1.20 it wasn't that big of a deal. Last week when a dime was getting $3.50 I would have been less forgiving. True for Kennedy's as well. Have to keep an eye out for the 40% substitutes.
    May 4, 2011. 05:17 PM | 1 Like Like |Link to Comment
  • Silver Down but Physical Premium Still Pricey [View article]
    Not necessarily. Most EBay bidders use this page or one like it:
    1964 Kennedy's usually have the highest price as they saw very little circulation and thus wear for the 90% US coinage. EBay buyers are aware of this. These are "rules of thumb" for common date circulated coins. The Walking Liberty half dollar has alot of nostlagia associated with it, so it may get a few more percent at auction vs. a Franklin Half.

    American Silver Eagles have a high premium associated with them as they are .999 fine silver and never circulated, the Mint sells them for a premium through authorized dealers, and for the past couple of years has had on and off again supply problems and higher and higher premiums over spot. With supply problems and ceasing sales the past month for most silver products people got carried away and paid well over the mint premium just to get something. Some auctions contain "slicks" or extremely worn coins with older dates so you will see the auction price be somewhat weak for Standing Liberty quarters and such.

    Then there are the proof issues and other numismatics, which are a whole different subject all together. Non US rounds and bars don't get much of a premium over the published spot silver price.
    May 4, 2011. 05:05 PM | 1 Like Like |Link to Comment
  • Silver Down but Physical Premium Still Pricey [View article]
    1964 Kennedy's and Walkers are higher as a rule and are just over $300 a 20 coin roll today. Last week $350 or so. Franklin's aren't a very popular coin and go for a few percent less usually.

    On a side note, EBay had a $50 max auction fee, plus Paypal at another 3% or so. They just bumped that to $100 as of 4/19. I think they ran the numbers and saw how many rolls of American Silver Eagles were selling and wanted their piece of the action. If you aren't a power seller with a 20% discount on the EBay fee they really bend you over. As you can see then, the fees require discipline to come out ahead. That is why, though I still believe in silver long term, the price chasing chumps (copywrite ManAboutDallas) are my customers, and when despair and disinterest prevail I become a customer, but usually locally or APMEX. It's just a profitable hobby for me.
    May 4, 2011. 01:53 PM | Likes Like |Link to Comment
  • The Silver Bull Market Is Over [View article]
    Silver - the gift that keeps on giving. Add a little price suppression, some economic driven demand, a cup of speculation and watch it cook. Wait for the oven to cool and the "back up the truck, it's a buying opportunity" crowd to disperse to get start buying again and it's all good.
    May 4, 2011. 12:45 PM | 3 Likes Like |Link to Comment
  • Silver Demand Theory Debunked [View article]
    The EBay silver market has a definite filter built into it. As a silver rated power seller I've learned that it is mostly on the downside. Those $50/oz sales will disappear if this $40 and under price holds. I bought a mint roll of 1986 ASE on Super Bowl Sunday for $700 and thought it was a bad buy, the last I saw they were fetching $1,100 on EBay. Way to high, way to fast. Those that bought the $1,100 rolls will have second thoughts as this slide plays itself out.
    May 4, 2011. 11:13 AM | 1 Like Like |Link to Comment
  • Silver Down but Physical Premium Still Pricey [View article]
    Why the high premiums? Because they can. Straight forward supply and demand dynamics at work.

    I bought a few sets of America The Beautiful silver quarters from the US Mint the first of April. Sales were suspended a few days later as silver broke $40. I watched a 5 coin set of 2011 ATB silver quarters go for $75 on EBay last night. I think I paid $39 plus shipping 30 days ago. That is just plain stupid (maybe for me, but especially at $75). The Mint will re-price them, or restore sales at the $39.95 level if they can get their premium back. That is the activity right now in the retail silver market, out of balance and hyper. I'll wait for the dust to settle hopefully, plop a roll of FRN's on the counter at my local bullion dealer and say "I'll take whatever you got in silver half dollars", they ALWAYS sell on EBay.
    May 4, 2011. 09:19 AM | Likes Like |Link to Comment
  • Silver Demand Theory Debunked [View article]
    Your rant reads as if we are all ignorant hillbillies that think QEII is a ship. I wouldn't call silver at +500% from the 2008 low just starting to go up. Them there Chinese people are buying hard assets to protect themselves from paper money? Wow, thanks for the info. I'll be sure to pass that on.

    The Author is paid to invest other peoples money, take the profits and look for the next opportunity. With silver at $41 tonight I expect he has some happy clients.
    May 3, 2011. 10:10 PM | 5 Likes Like |Link to Comment
  • The Silver Bull Market Is Over [View article]
    I have to agree with Mark. This horse has been rode hard and put away wet by the momentum traders. I too was hoping for a more measured advance, but you know what they say about hoping. As I sold into the rise to keep my investments balanced I couldn't sell phys on EBay and locally to keep it in check. The "finance" industry appears to be finishing that up for me now. Time to relax and let the dust settle a bit.

    Today's front page headline in the local paper near the Idaho Silver Valley "Silver's soaring price evokes memories of earlier boom".


    The type of front page story I'd been waiting for to tell me the juice has been squeezed out of this one for a while. I'm finishing up my last EBay listings for the next few months and waiting to get some low hanging fruit in the retracement phase.
    May 3, 2011. 01:07 PM | 6 Likes Like |Link to Comment
  • Did the Silver Bubble Just Go 'Pop'? [View article]
    When I first saw the title I expected it was edited to elicit a heated exchange, and very successfully at 159 comments so far. It's unfortunate the editors feel the need to keep up with the other finance sites with hyperbolic titles, and from your comments, the content as well. I appreciate and respect your contributions, Cullen, and lose a little more respect with SA as this continues.
    May 3, 2011. 01:44 AM | 1 Like Like |Link to Comment
  • The Empire Strikes Back Against the Silver Price Rebellion [View article]
    Christopher and I have argued his negativity on silver in the past, but that was about $20/oz ago. I am in full agreement with him at this point. I had a friend ask if I had any silver left as he knew I have been hoarding since the financial crisis. Though I have some remaining, I told him I wouldn't sell any to him. He sees the outsized gains I've had and wants to get in. Does that sound familiar? A roll of Roosevelt silver dimes is going for $170 and up. If you think I'm wrong look for EBay auctions with a donation to the American Red Cross and I'll sell you some. That's $3.75 for a dime folks.
    May 2, 2011. 12:28 PM | 2 Likes Like |Link to Comment
  • Everybody's Talking About Silver: That's the Problem [View article]
    I agree with the Author, silver is in the headlines if you are a financial news watcher. I also find many people I come in contact with are very aware of the current spot price. My neighbor saw me with a metal detector and said "silver is at $39 today".

    I'm also a power seller on EBay and while my selling is ramping down I find that I get the majority of the bids from those with very low feedback scores (newbies). I am selling to lock in some profit and have noted that many others here comment on waiting for a correction to get back into a accumulation mode. I am of the same opinion.

    I don't think you can compare silver to the bubble or real estate. The bubble was in your face as everyone was "getting on-line" and with real estate 2/3 of the country owns their own home. With silver and other investments, we are talking about consumption oriented Americans on this blog site usually. Notoriously poor savers and investors the past generation.

    Silver is up 40% YTD, that is simply unsustainable.
    Apr 19, 2011. 04:51 PM | Likes Like |Link to Comment
  • What to Do in Case of a Silver Crash [View article]
    Point #2 reads like a miss-print - "Unlike institutional investors, the little guy is less likely to hold silver over the long run." I have a hard time with that concept in this post flash crash algo driven market. As a little guy, i agonize over every silver sale I do, and usually turn around and buy more.

    Sharon Epperson, the commodities reporter on CNBC, acknowledged a short covering rally on the NYMEX floor (read short squeeze slug fest) this morning. It may get squeezed until it pops, but it sure is fun watching their eyes bulge until that happens.
    Apr 11, 2011. 10:14 AM | 5 Likes Like |Link to Comment
  • Does Real Estate or Gold Have a Brighter Future? [View article]
    Doug, your articles are usually thought provoking and this one is no exception.

    From my perspective, real estate for the typical home buyer is not an investment, but rather a place to live that becomes a store of wealth over time. With maintenance and taxes it is not a very good investment. I am personally much better off buying one I can afford to pay off quickly so that I can acquire other assets. With the government skewing the reality of real estate with the mortgage deduction most average home buyers have been mislead into believing paying for a 30 year mortgage is somehow a good thing. I considered the 30 year mortgage the worst joke ever played on the American home buyer. The National Association of Realtors was very effective in convincing people real estate was "their best investment" until Wall St. and the government juiced the market and ruined it for everyone.

    As for the employment numbers, I have three people close to me that are among the long term unemployed. They are staying in their own domiciles and out of my basement with the help of long term government aid. I know my experience is not unique.
    Apr 1, 2011. 12:11 PM | 5 Likes Like |Link to Comment
  • Silver: Upside as High as $40-45 This Year [View article]
    I'll put in a thumbs up on that. To put your faith in any major participant in this, or any, financial market is asking for it. All the usual suspects, Sprott among them, are in it for their own interests, not mine or yours.
    Mar 28, 2011. 10:16 PM | 3 Likes Like |Link to Comment