A really bad sign or a really good opportunity?

[Prepared One]

Wow! Gold jumped $45 an ounce yesterday. It’s going crazy. Something is definitely afoot. The big money boys are making a move.

Agreed. When gold jumps like that there is generally something in the wind.

[StratBastard]

Silver just hit $28.06.

[Jester-ND]

Silver just hit $28.06.

that gap is closing.....

[StratBastard]

I went to the liquor store today to buy a case of bourbon... keeping that stash up at 5 cases. I actually got a 1964 silver quarter in change. I can't remember the last time that happened... maybe 15 years ago?

Virtue rewarded.

[StratBastard]

Silver passes $29 today... $29.01

[Jester-ND]

gold over 2400 too.

[Jester-ND]

jm bullion re-buying gold bars over spot, and buying silver waaaay under. 2500 for a 100oz silver bar buyback price... whatever that tells you

[StratBastard]

jm bullion re-buying gold bars over spot, and buying silver waaaay under. 2500 for a 100oz silver bar buyback price... whatever that tells you

My take: silver prices have risen before and dropped right back down. Sure, lots of people hoping this is the breakout for silver everyone's been waiting like 10 years for. But from the dealer's perspective, they're going to wait and see if silver actually maintains a new price floor. They won't pay $28 an ounce to see it drop to $24 again and be stuck with it. If silver stays above $28 for a couple of months, things will shake out, settle, and a new price floor will be established. Then dealers will be willing to buy closer to current spot. JMO. Been wrong before LOL.

[StratBastard]

Silver hits $29.41.

[StratBastard]

jm bullion re-buying gold bars over spot, and buying silver waaaay under. 2500 for a 100oz silver bar buyback price... whatever that tells you

Yep, like I suspected. Silver drops back $1.32 an ounce in 24 hours. Whatever's going on, it volatile as hell.