Comon Blythe, bring it!
Let's see $8 again!
We are rapidly running out (of silver), and risk being sold out of a few products tomorrow. Therefore, I raised prices by 1% across the board, again, to help ration product availability.
If this price holds for some insane reason, while people buy this much, then I'm thinking that silver at most of our suppliers will run out in about a month or less.
This kind of volatility we are seeing in silver is insane, and is further proof that the paper market is manipulating the price! Silver hit a low of $26 yesterday, yet 3 days earlier it was $40.50!
$40.50 minus $26 = $14.50/oz. dip. $14.50/$40.50
= 35.8% drop in three days!?!
And yet, this morning, silver hit a high of $33.65. In just over 24 hours, silver bounced back by about 29%?
$33.65 minus $26 = $7.65/oz. gain.
$7.56/$26
= 29.4% gain in just over 24 hours!?!
I know this kind of market volatility and price changes are unusual. It's unusual even for a tiny $3 million market cap penny stock! And the silver market is a major $30 billion annual industry, which is 10,000 times larger than more stable penny stocks!
How can a dealer deal at 3% or less in this kind of environment?
We, at www.jhmint.com were super busy on Monday, 9-26-11. We sold $260,000 worth of silver and gold. We only bought $30,000 from the public, so we had to order $230,000 from the wholesale suppliers, who, again were all super busy themselves, and had busy signals on the phone today. We are rapidly running out, and risk being sold out of a few products tomorrow. Therefore, I raised prices by 1% across the board, again, to help ration product availability.
Our shop, jhmint.com, was super busy last Friday, 9-23-11. The public bought $250,000 worth of silver and gold from us, about 3/4 silver, 1/4 gold, and most of it all in cash, all under $10,000 limit. We took in only $60,000 from online wires, in 7 different wire transfer transactions. This move down in the silver price is totally fraudulent, the people are buying like mad at these levels. If this price holds for some insane reason, while people buy this much, then I'm thinking that silver at most of our suppliers will run out in about a month or less. Most people were buying like crazy.
