Silver Price Drops Sharply In Overnight

The silver price is testing new lows in the overnight trading session.  Shortly after 6pm eastern time, silver dropped below the $21.00 level.  It appears silver may continue this drop below $20, with strong support near the $19.00 level. 

If the $19.00 level is breached we may be in for a very significant drop.



The recent price drops in silver have been a correction in a long term bull market, and this drop may finally put in a bottom for the market and set us up for a rapid rally.  This analysis is based on the fact that silver's fundamentals have never been stronger, with the federal reserve continuing with its loose money policies.  In addition to the fed's money printing operation, central banks around the world continue to ease already loose policy by cutting interest rates as they race to devalue their currency the fastest.

Eventually the logical conclusion of these activities will be reached, and the effects of massive inflation will be felt in rising prices across asset classes, including silver.

14K Gold & Sterling Silver: Garage Sale Finds #3

My latest gold and silver finds from garage sales

Silver Price Drops - Silver Bullion Prices Disconnect From Paper Markets

The silver spot price dropped Friday and Monday.  As prices dropped, bullion premiums rose higher.

Physical Silver Price Disconnects From Paper Price

It looks like the beginning of a disconnect between silver's paper price and the price of physical bullion is beginning right before our eyes.

Invest In Silver And Protect Your Purchasing Power

Learn how to protect the purchasing power of your wealth with silver.

Find Gold, Silver, and Old Coins With This Basic Equipment

A short video detailing the equipment needed to begin hunting for gold, silver, and old coins with your metal detector.

I'm Back With News of Silver, Pennies, and Nickels

Ok I'm back after too long of a break from the blog.  I'll try to be around more and post more consistently.

Hope everyone had a great Thanksgiving, I did!

To provide an update to my previous post about the half dollars, I got the box.  Sorting through the entire 1000 half dollars I found one 40% silver half dollar from 1967.  Finding some circulated silver was pretty exciting!  However, considering the amount of time it took to order, sort, and re-deposit the box, I don't think I will be doing this very often.

What I have found to be a much more productive way of finding silver below cost is picking around yard sales.  After a few weeks of doing that, I've managed to obtain several pieces of sterling and gold filled jewelry for well below their melt value.  In between the silver and gold finds I've also just found tons of random stuff that I've picked up for a buck or two and resold on ebay or craigslist.  There are some videos with my finds over at my youtube channel http://www.youtube.com/user/atherontube

Also in the news is this:
http://skewnews.com/penny-and-nickel-coins-to-be-phased-out-in-2013/

Pennies and nickels are going to be phased out of circulation.  This sounds like an opportunity to me!  Stacking up a few boxes of nickels and pennies might not be a bad idea.  Are you going to have to wait a long time to see the appreciation? Definitely.  However, we're talking a seriously low barrier of entry in both cash and time.  You can go grab a box of pennies at the bank for $25.  You don't even need to sort it.  If pennies are removed from circulation, I would imagine even zinc pennies will sell for a premium (although you'll probably have to wait a while).

Excited For My Box Of Half Dollars

As I mentioned in my previous post, I've begun doing some coin roll hunting lately. A few days ago I ordered my first box of half dollars from my bank, they should be arriving on Wednesday. I'm excited and looking forward to sorting through that box!

When I found out I wouldn't be able to get the halves until next week, I picked up a box of pennies to sate my appetite for coin hunting. Unfortunately, the penny box turned out to be first box I've gotten totally skunked on, with not even a single copper penny. I found this bizarre because the coins were bank rolled, in plastic wrappers. The only conclusion I can draw from this is that some other coin hunter deposited a large amount of zinc pennies and they were all rolled up together.

 Hopefully the box of halves will yield better results! I'll do a post with any finds after I finish the search.

For anyone getting started in coin roll hunting, the following article provides an excellent beginner's how-to guide 
http://www.treasurebarrel.com/199/coin-roll-hunting-crh-coin-collecting-tips/