"I was actually expecting this sell off..."
Of course you were! (even though he's been calling for $68 and $1,000)
Why not just wait until $10.00? Don't pay all that money.
NOTICE: BrotherJohnF shows how dealers are running out of silver stock. This could get really wild! Maybe it's buy time for sure?
I've been watching JohnF since a while now. He's a silver pumper like the other guys. As for Gainesville coins, making the stuff out of stock online doesn't mean that the warehouse is empty. Like he mentioned in one of his previous video, "they're not going to sell at a loss", what chatched my eyes was the Pamp lunar dragon. Well if you guys have some problems providing your pipeline of silver, we're nowhere near a shortage status as of today. American agles canadian maples and so on. People are selling off. Guess they (I'm including myself here) got tired of the roller coaster ride and the youtube flipflopping silver pumpers.
ReplyDeleteYes BrotherJohnF is a pumper and I used to consider him to be rather honest but now I have my doubts. Anytime someone is afraid to come out and clarify all these forecasts annoys me. I know this because I'm a weather reporter and storm tracker. Which is why I like weather more than news because I like to report facts.
ReplyDeleteNews is a dangerous animal. Your subject to all sorts of dynamics and uncertainties.
I don't like how John pumps these bullion coins as being numismatic. I think he should refer to them as "collectible bullion coins" because they are not really numismatic or graded. However the prices of some of these Perth Mint and Royal Canadian Mint products has more than doubled and tripled and in some cases gone ten fold.
I would love to own more silver here at a price discount but I don't think this will last much longer the way the chart is behaving. The market is so unstable right now that it could go down to $10 and back up to $100 within six months. People know there is a good opportunity here right now to make a killing. They just wanted it all too fast before and it was to their disadvantage to pump it like that unless they sold their wares.
It does seem like silver may be developing as one of the best physical monetary assets to own at these prices. Time will tell of course.
I couldn't agree more on the fact that people are taking 1 million coins struck (refering to the wild life series of the canadian mint here) as for numismatic ones. Same with the perth mint, that have the dragon lunar (not even the proof one) struck at 300k. That's not numismatic to me. Let's say you buy a 5 x 9 gold coin that was struck at 19000 coins world wide, sound more numismatic to me than the other stuff.
ReplyDeleteAnyways I guess that with all that's happening in the silver market, having to get along with crooked CME, CFTC, pumpers and so on, you can't get a clear sound about the market. Silver is digged off the ground as a by product in many cases to get more cash out of the gound over tons of extracts. Let's say that if silver was to reach 15$ I'd buy some more. But right now I don't have any goal of doing so since it could crash back to it's lowest resitence level again.
I just treat that chart like ay other stock. And yes it sure looks like it could go much LOWER.
ReplyDeleteIt is rather unusual that the CANADIAN WILDLIFE SERIES COINS are so valuable. Now that would have been the ones to buy! Those already have a built in collector value so the price pullback has hardly mattered. I might consider that should we get a decent price reversal again below $25 or so.
I'd like to hear someone talk about stocks rather than CNBC and all the penny pumpers of that ilk too. Do you know where to find them?
Where to find what ? Canadian Wildlife series ? Depends on which one of the series you're looking for. I Sold all of my timber wolfs a while ago when silver got @ around 50$, and that was a wise move back then. I should have kept a roll of 25 to sell back on e-bay or whatever.
ReplyDeleteWell I went to the coin shop here locally and there was a guy in there shopping that heard me ask about the Canadian Wildlife Series coins. He started raving about them to me and telling me how much they are going to be worth some day and all that. I thought it might be a good idea to grab a roll but I can't find any on EBAY and APMEX doesn't have any timber wolf coins or grizzly bears anymore.
ReplyDeleteI suppose those will be a collectible.