Aaaaaaahhh!!!!!! Silver is almost twice cheaper than before!

[SapunovDmitry]

When will this stop?
The company for which we mainly do our assay has to get money for about 50 kg of refined silver(when they've sent it to stamping it was almost 19 per Oz, now they get the money for PMs after 3 months). We get our percent from this shipment and we get twice less.
It is awfull.It is a robbery!!!! Who knows when will this stop?

 

[Noxx]

I do.
It stops tomorrow

 

[SapunovDmitry]

I hope so.

 

[Oz]

Well Noxx, it is officially tomorrow here and the dollar is down .36, silver up $0.43, and gold is up $13.30. It’s a start in the direction you wanted. It must have been your smile!

 

[Noxx]

Well, I never told ya but it's me who decide the gold price

 

[Oz]

Just keep on smiling then!

 

[SapunovDmitry]

Yeah))))) It's finally growing)))))))

 

[Noxx]

+22$/oz.

Keep smiling Noxx !!! lol

 

[SapunovDmitry]

Keep smiling,it is growing .Don't spoke it. :shock:

 

[goldsilverpro]

I've always loved the chaos it creates when it bounces around.

 

[lazersteve]

Who knows, the value of gold may exceed the value of platinum in a few weeks. :shock:

If gold keeps going up and platinum keeps falling it could happen.

Steve

 

[Oz]

Steve, you mention platinum dropping just look over at rhodium which has lost over half its value in a little over a month and a half. Just in the last 24 hours it dropped $300.00 to $4,810.00 while gold and silver were going up.

Rhodium was trading in the $400.00 range as recently as early 2004.

Imagine if one had bought at $10.000.00 a month and a half ago and see it where it is now, let alone wondering if it will go back to 2004 levels.

 

[Lou]

Glad I sold!

Still, at even $1000/oz there's profit potential. Any less than that and it's probably not worth my time for the extra work.


At 4k/oz it's really worth it! At 10k/oz, 'tis a dream.


Lou

 

[Oz]

Noxx must smile a lot in his sleep, it seems this time of morning has been good for PMs lately.
Au + 9.30
Ag +0.13
Pt +11.00
Pd+ 2.00
Dollar down .447 on the index
All at 2:56am EST

 

[Seamus]

The use of silver in photography was about forty percent of silver use. Now that they aren't using as much, some other industry will have to find a use for silver to drive the value back up. Supply and demand, that's what desides value.
As far as rhodium is concerned, it has always fluctuated more in price. If it drops enough in value then it would be a great time to accumilate a couple of ounces for investment.

 

[SapunovDmitry]

Oh no.Not again.....

 

[Noxx]

Oh Noes !

 

[Oz]

You must have been smiling in your sleep between 3 and 4 AM. Lets hope it is a trend.

Metals Date Time (EST) Bid Ask Change from NY Close
GOLD 09/04/2008 04:10 811.70 +11.30 +1.41%

SILVER 09/04/2008 04:10 13.07 +0.18 +1.40%

PLATINUM 09/04/2008 04:10 1408.00 +38.00 +2.77%

PALLADIUM 09/04/2008 04:07 290.00 +3.00 +1.05%

 

[SapunovDmitry]

Keep smiling,Noxx!!!!!!!

 

[Oz]

He will end up splitting his face in half if he looks at the charts.