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5000 Buffalo Rounds at seekbullion.com
(While supplies last.)
Silver Stock Report
by Jason Hommel, January 23, 2009
Auction, Saturday Night at www.seekbullion.com
Due to popular demand, and to appease the critics, half of the auctions have a fixed reserve price.
Due to my preferred way of doing things, to set the most accurate and thus lowest reserve price possible, I have listed the other half of the auctions as a "variable reserve", with a note that I will bid "around the last hour", at spot, plus $2/oz.
But since silver prices are now fixed for the weekend, the variable reserve bids are now set at $1405 for 100 oz. and $7025 for 500 oz.
Note, the fixed reserve prices are higher (and I can't change them) at $14.21/oz.
Proxy bidding: My bids of $1405 and $7025 on the "variable reserve" auctions are proxy bids, like all bids. This means that the computer program at www.seekbullion.com shows the lowest possible bid needed to win, and does not reveal my bids of $1405 and $7025, which is why I'm telling you both here, and in the listings as "spot plus $2/oz.).
All of my main competitors are SOLD OUT of all rounds, or they have never had them in months. Or, they are back ordered, or they have less than 100 available.
I suggest that you pre-register, and set up your account at www.seekbullion.com if you have not already done so, for the auctions that end this Saturday. Premiums are very low now, and we've actually had a few auctions this week that were not bid by anyone.
Yet, the silver price just jumped 60 cents/oz. today, and may be ready to take off, having closed for the weekend at $12.05/oz.
Pretty pictures follow:
Smaller quantities of rounds, such as between 1-20, and many Obama rounds, can be found at my mom's ebay shop:
http://shop.ebay.com/merchant/jkesilver
=============
I will be be speaking at the
2009 Phoenix Resource Investment Conference & Silver Summit
Feb 21 & Feb 22, 2009
http://www.cambridgehouse.ca/
If you have never attended a natural resource show, it's a great learning experience to hear from some of the best speakers who are newsletter writers and investors in many natural resource stocks. This year's Phoenix show is co-sponsored the Silver Summit, so many silver mining and exploration companies will be there. The show is FREE.
Register online, today. And don't forget to book your hotel rooms early.
This will be my first show in over a year, since my son Jude was born on July 16th.
Sincerely,
Jason Hommel
www.silverstockreport.com
www.bibleprophesy.org
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