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**Silver**- @ $12.50 at 1:19am central time 8/15/08

Silver in after hours is now around $13.65 an ounce. from here down to around $12 an ounce is an extremely important support level. the weekly chart shows a trend line of support @ about the $12.50 an ounce from the previous two bottoms. it also shows a floor of major support in the price range of $12.50 - $14 an ounce.

the weekly chart for silver is showing the 200 moving average at around $12 an ounce.

as DaddyWarBucks from this site says..."PUNJAB BRING ME MY CHECKBOOK!!!"

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We have to resist. And that means resist the temptation to buy.

There are many fools that borrow/borrowed money to buy gold and silver, or borrow/borrowed money to increase production at their businesses. These fools will most likely have to sell cheap to cover their ass. However those who aren't/weren't tempted to borrow money to invest will ride out the storm, I suspect it will be well after the first of the year before prices begin to rise. Only a fool would go out and and borrow money. We have to remember that the Fed has the military backing of the U.S. as it's watchdog to keep the dollar supported and central bankers around the world working with them. They will do everything to get our gold and property away from us. If you "need" something pay cash, if you have no cash trade services or barter goods.
The R3volution can win with brainpower, not bullets.
grant

Just Bought

1000 shares of SLV @ 12.92 for my IRA. No hassles, no haggling, plenty of willing sellers.

SLV has already seen a normal day's volume in just 1.5 hours of trading. Lot's of silver changing hands today.

Freedom, Prosperity and Peace

Just called my local coin dealer....and...

.

He's not selling at what spot is, or even close.

He said if you buy 100 ounces or more he'll sell at about 17 bucks per ounce.

I knew it.
.

Patrick
Polk County, Florida

What kind should I buy?

Are all minted coin sales tracked? ie Amer. Gold Eagles, Silver Eages, etc? Is it important to have privacy when buying?

What do these prices translate to

per dollar of face value silver junk coins?

$9,381.48 for $1000 Face Value

http://www.pcgs.com/price...

Freedom, Prosperity and Peace

Everyone who attempts buying today, please give report.......

.

.......as to what you run into regarding supply and whether they will even sell at these prices.

.

Patrick
Polk County, Florida

I bought the dip.

I bought the dip.

I bought the chips.

Whose got the beverages and the movie?

Wow! This is nuts. Silver

Wow! This is nuts. Silver $12.55 12:21am MST

This could be a good time to get into Platinum. 1/10 coins should be around $150.00

i do not think this is nuts...

it is just technical traders bring gold and silver down to launch off of support. silver is right in the area of a major trend line and just above it's 200 day moving average. technical traders like a nice clean technical pattern to trade...and a very good one has just been given them.

Something big is coming and they want people OUT of metal.

I don't think it's a coincidence that this trashing is taking place on the same day Poland finally agrees to allow the missile shield.

___________

Lisa C.

www.dvds4delegates.com=Ron Paul, the 44th U.S. President

Join us at: www.campaignforliberty.com

Brought to you by: www.women4ronpaul.com

My Sentiments Exactly

The "Something Big Is Coming" part is what frightens the heck out of me though.

Good Day to Buy

silver @ $12.49...

at 12:37 central time

oh, please stay at these

oh, please stay at these levels for a few more weeks so I can buy a hundred oz's

You're not the only

one wishing this upon a star!

No kidding!

If silver prices could stay somewhere in this range until the end of the month, I (for another) would be ever so grateful. :-)

http://groups.yahoo.com/g...

Silver....

has fallen to $12.77 in the Hong Kong market. I do believe the Asian market is too involved in the Olympics to worry about Silver or Gold at this time.

I want me some $12 dollar

I want me some $12 dollar silver, not so I can "lose" money on my current holdings - but so I can BUY MORE SILVER!!!! I never expected to see silver drop this low again for a long time, if ever.

U.S. inflation rate highest in 17 years, consumer prices stun...

http://www.centreforenerg...

U.S. inflation rate highest in 17 years, consumer prices surprise economist (US-Economy)

Thursday, August 14, 2008 - 10:50 AM ET

By Martin Crutsinger

THE ASSOCIATED PRESS

WASHINGTON _ Consumer prices in the United States shot up in July
at twice the expected rate, pushing up U.S. inflation to the highest
level in 17 years due to the high cost of fuel, food and clothing.

so when I get up in the morning and call my loc coin dealer.....

.

....and ask him if he has any random-date, non-collectible silver dollars, is he going to say:

a) Yes, but I'm not selling this cheap.

or

b) No, I'm all out

.

I fear I'm going to hear one of those two responses in the morning.

.

Patrick
Polk County, Florida

Plenty of Morgans

A friend of mine today talked with a dealer tha just picked up 3,800 Morgans. Fax the dealer at 602.957.1671 if you are interested in any of them. (And no, I'm not the dealer!)

silver- @- $12.81...

@9:45 Central time...on thebulliondesk.com

US Mint Suspends Sales Of

US Mint Suspends Sales Of Gold American Eagles
Late this afternoon (08/14/08) the US Mint has suspended all sales of the 1 oz Gold American Eagles. They are not accepting additional orders for these popular bullion items.

"You are a den of vipers. I intend to rout you out and by the Eternal God I will rout you out. If the people only understood the rank injustice of our money and banking system, there would be a revolution before morning." --Andrew Jackson,
1828

not according to the mint

but the premium is insane.

http://catalog.usmint.gov...

I'm excited

This is crazy. I hope this holds down through friday at close when i get paid.

Right on!! Now thats a deal

Right on!! Now thats a deal I can't pass up!! Time to stock up.

BUMP

Silver and gold are in short supply, I think this is a violent shakeout to try to get the weak hands to sell. Most small investors get worried and sell when the price drops like this. Even if they bought it at $20 per ounce. So this exchanges from weak hands to strong hands for the huge gains.Usually you will see the price go up 5-7 times that amount, I believe it will go to 50+ after this shakeout. I followed a guy named Ted Warrens methods and he has proven to be correct all the time.

I agree with you Tomforron....

but I do not believe the bottom will hit until the 3rd quarter, or shortly after the start of the 4th quarter. I think silver and gold may have a few weeks of going down until then, but will spike up just as our dollar has over the past few weeks. By then the folks that thought the dollar was all that will realize they were fooled into investing in the fake stability that has been sold to them regarding the United States.

I will not buy anymore silver until it reaches the $10.50 mark which I believe will be around the end of September, then I will buy, and buy a whole ship load.

tom this is paper silver

tom this is paper silver only.. the shorts have pulled there bids and the price falls! the funds are getting scalped! this is the one last sell off we were looking for.. why isn't this happening in gold right now like silver? because silver has the largest short naked short/short position of any commodity in the history of the markets.. the big boys are covering there "6" then they will go long.. they know that its going to go up and are bailing! your right from weak hands to strong! my dealer called me today to see If I wanted to sell at 20.00 per ounce because he can not find supply! the spot price does not reflect the actual exchange hands price.! the premium is going up!

as for me and my home, we shall worship the LORD

Sierrahpbt.....

you are also right...the ETF investors do not realize what they have done by selling off their only real INVESTMENTS in silver and gold. We the little people will and do have the opportunity to have wealth if we invest in gold and silver. In a recent post someone claimed that natural resouces, such as energy, and food is what we all should be investing in, well I do agree, but when it comes to having a currency that has value such as Gold, and Silver, WE the people that know God's currency is from the earth will prevail, and that will be Gold, and Silver. Please do yourselves a favor and read this article:

http://www.kitco.com/ind/...

The GSR is 61.20 !!!!!

.

.........That's gold/silver ratio for those of you who don't know.

It's been around 51 for the longest.

This is very weird.
.

Patrick
Polk County, Florida

I'm thinking about

I'm thinking about exchanging my gold for silver because of the current ratio...

this actually is great...

this actually is great... the shorts are getting ready to go long ... you watch!

as for me and my home, we shall worship the LORD

What do you mean "weird", Patrick?

You mean the US economy isn't fantastically awesome and this dollar rally is a smoke screen?

___________

Lisa C.

www.dvds4delegates.com=Ron Paul, the 44th U.S. President

Join us at: www.campaignforliberty.com

Brought to you by: www.women4ronpaul.com

I think it means.......

.

.......that you can't rely on ANY traditional indicators any longer; that the economy is about to completely drop out; that we'll soon be under martial law; and that we'll all be in line soon to receive our mandatory bird-flu or smallpox vaccines and THEN stand in the line next to that to receive our implanted RFID-chip.

.

Patrick
Polk County, Florida

Hey, as long as they're giving out free t-shirts, I'm there.

___________

Lisa C.

www.dvds4delegates.com=Ron Paul, the 44th U.S. President

Join us at: www.campaignforliberty.com

Brought to you by: www.women4ronpaul.com

silver now @ $13...

watching it fall @ 8:25 Central time

What site are you watching?

food freedom,one seed at a time.

I saw $12.65 at 7:51pm cst on the Kitco site.I am confused.

It's back to $13.01 on Kitco, too...

...as of 6:30pm PST.

http://groups.yahoo.com/g...

Interesting comments:

Understanding How and Why Metals Markets are Manipulated

Rob Kirby @ www.lemetropolecafe.com

The basics are these:

· A rapidly rising price of gold has historically served as the “proverbial canary in the coal mine” – alerting investors that money is being created in excess.

· This, in a nutshell, explains why gold is viewed and so widely spoken of as the “anti-dollar”. A rapidly rising price of gold explicitly means that the purchasing power of fiat money [aka the dollar] is shrinking. As people witness, first hand, the erosion of their purchasing power – they lose confidence in the currency being debased and, they naturally seek alternatives to preserve their wealth.

· Because fiat money – backed by nothing – is, in effect, a huge exercise in blind faith - monetary authorities do go to extreme lengths to prevent the erosion or collapse of the collective faith in their brand of fraudulent currency.

· Key to their efforts are making the historical sound alternatives look bad or worse.

********

Gold and silver are not falling. It's the dollar that is rallying. Why?

Ask yourself, what has become "so right" with the US economy that institutions (primarily) would flock back into the dollar? Doesn't it seem more logical (with foreclosures, bad debt, bank closures,etc.), that this is a desperate attempt by the government and its minions to make it look like "all is well"? This is a death throe, a final gasp, for the US dollar.

___________

Lisa C.

www.dvds4delegates.com=Ron Paul, the 44th U.S. President

Join us at: www.campaignforliberty.com

Brought to you by: www.women4ronpaul.com

Silver $12.65 oz at 7:51 PM CST!

food freedom,one seed at a time.
!!

Yep,

I saw that, too. Startled me.

Silver at $13.25/oz.!

P.S....

the weekly chart for silver is showing the 200 moving average at around $12 an ounce.

Chris, the problem is this..

Chris,
the problem is this.. my dealer called me today wanting to buy some back of what I bought from him 7 years ago.. he can get NO metal to sell..
people are still paying 20.00 per ounce or more for the junk silver! no one is selling and supply has dried up! what does this tell you! PUNJAB if you don't have it you may not get it! lol... exciting times!

as for me and my home, we shall worship the LORD

i can still get as many as i want of Silver Maple Leafs...

and as many as i want of Silver Eagles WITH A DELAY IN DELIVERY until September from...

www.bulliondirect.com

the key word is DELAY!

the key word is DELAY! think about this.. the price is going down huge but no supply? whats wrong with that? this thing will rubberband back!

as for me and my home, we shall worship the LORD