*Raised from $11 to $12 per one troy ounce... but a great deal on the "junk" $ilver coins which are essentially worth 7 times their value, he's selling them for 6... but I'm only interested in the pure right now, .999+, got a close relative holding perhaps a mass of "junk" $ilver for me ;)
*Anywho, talked the fella' back down to $11 flat on the coins. Point here is, the dealers are raising their premium but the demand isn't such that it's non-negotiable. Apparently, however, he's paying $10.75 per ounce... I have heard the premium on the coins is a buck-50...
*Once, $10 goes on the spot market, forget about me negotiating back down to $11... thus I wouldn't mind a pullback here in the price of both $GOLD and $ILVER, in fact a nice healthy shakeout would be fine with me, one that dips into the upper $7's. Do I think it'll happen? Honestly, not really, but I'm prepared for the upside and will be happy to accumulate through resistance in the low teens, hopefully my hoard is complete before we bust through $13!...
*In conclusion, I'd really like to see $ILVER pull back off of Monday's session high by a good $1+, but the demand is out there and the silver deficit since 1989 is legitimate and the recent demand is really putting a floor under any proposed large drop-offs in the price...
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