Showing posts with label Quality Silver Bullion. Show all posts
Showing posts with label Quality Silver Bullion. Show all posts

Wednesday, June 15, 2011

Pilot fish mode


9:53 am (Hawaii) I get the feeling that one day, as I've read before, one of these puppeteers will tell us (or write a book) about how all this manipulation was strictly to keep price down and allow our debt collectors (China, etc) go scoop up cheap gold and silver at certain, appointed times in the market, morning, afternoon and night. The runs by naked shorts were just a way for CME/JP Morgan/etc to keep from losing money doing all these transactions and string-pulling practically 24 hours a day.

I don't consider myself a conspiracy theorist, but as a form of strategy, it would make sense for this to be in place to benefit these parties. It wouldn't really benefit us peons unless we timed the runs well, like J.S. Kim.

AGQ leveling off at 176 as the closing bell nears. AAPL back at 326+. The Dow regained some, rising from -195 points to -155. Now at -164 (-1.3%). Nas is -44 (-1.7%) and S&P is -20 (-1.6%).

Caved in and bought a handful plus of QSB Morgans off their Dutch Auction. Paid 97¢ over spot, 36.83, which is a $2 discount from the current regular price (38.90). I may regret later if and when spot drops below 35, 33, 30 ... but the stacking continues and I don't regret that. Still got an eye on the Apmex rounds on sale. That discount runs until tomorrow so I'll wait to see if spot price drops tonight.

Also got an eye on junk silver. I've been putting that off for a couple of weeks, waiting for a better price, but at roughly 60¢ over spot for Franklin half-dollars, it's a good deal price. Just tough to find AU Franklins or any other AU 90% silver coins cheap. After learning about how much damage the circulated pre-1965 silver coins have suffered, of course a coin dealer wouldn't pay anything near spot for them, so why should I pay spot for busted up coins either? Gotta be picky.

QSB vs. Apmex




7:53 am (Hawaii) I was prepared to get out of the house and get some much-needed exercise on this deadbeat market morning. But I came across two interesting things: the QSB (Quality Silver Bullion) Dutch Auction and the Apmex Flash Sale. It's interesting that when QSB has this occasional Dutch Auction, Apmex just so happens to have a Flash Sale. Hmmm...

So QSB is auctioning its 1-oz Morgan Dollar .999 Silver Bullion Rounds. It's a cool system that starts off with a $2.00 premium over current spot price. The premium decreases as the day goes on. Right now, the premium is $1.30 over spot, and spot is $35.43. So the QSB Morgan Round is going for 36.73. There are a lot (196) left before the auction closes.

Meanwhile, at Apmex, the 1-oz Silver Round (made by Apmex) is going for a flat $0.99 over current spot. That means an Apmex Silver Round is going for 36.41 right now. It's the first time I've seen this morning that the Apmex round is cheaper than the QSB Morgan. Fascinating!

I'll keep watch on these. Maybe even after I leave the house. Doesn't take much to entertain me today. The Apmex Flash Sale, btw, ends tomorrow.

Indices still bloody red: Dow -169 (-1.4%), Nas -41 (-1.5%), S&P -21 (-1.6%).

Quality Silver Bullion: Dutch Auction, Morgan Dollar 1-oz .999 Silver Bullion Rounds (June 15 2011)
Apmex: Flash Deal, Silver Round 1-oz .999 (June 15 2011)

8:07 am (Hawaii) Spot Silver shot up huge in the past 10 minutes. AGQ went from 171+ to 175+. All right, that isn't HUGE, but there's a lot of puppetry going on out there. 

I'm not looking to buy here at these prices. I'm convinced spot will go lower during these next two months and churn between 33 and 39, so it's pointless to buy at 35-36 if I'm looking for a bargain. If I'm just looking to add more physical, this is not a bad spot, imho. I added more last week already. I want to be picky and cheap. 

9:07 am (Hawaii) QSB Dutch Auction for its Morgan Dollars is down to just 56. It was 196 a couple of hours ago.