Jason Hommel
 

Seems like he does not like the "free market" system as much as he always rants about.

Looks like he wants a "no risk" situation for himself these days.

Thought free market was you win some , you lose some. Not for him though I guess.

Even wants to bid himself if necessary. Hmmmmmmmmmm..:signs14:

Re: Jason Hommel
 

Re: Jason Hommel
 

Would you mind expanding on your complaint?:15_1_70v:Otherwise this thread will be a waste of bandwidth.:s15:

Re: Jason Hommel
 

Is Jason stuck with a bunch of grain? I thought he was going to pour new bars.:confused_m:

Re: Jason Hommel
 

By: Jason Hommel, Silver Stock Report


-- Posted 8 January, 2009 | Digg This ArticleDigg It! | Discuss This Article - Comments: 2


(A different perspective on what drives silver prices.)
Silver Stock Report

There is a LOT of silver up for auction tonight at www.seekbullion.com, both bars and coins. Peter has bar auctions ending at 6PM Pacific, and I have coin auctions ending at 8PM Pacific.

Before I get to the guest essay, I must inform my readers of a change in the terms of my silver auctions at www.seekbullion.com. I can no longer take the risk to offer silver for auction starting at $1/oz., since I've taken a few losses this week in my auctions. (This means if you bought this last week, you got a fantastic deal!) In the future, I must start the bidding at the spot price of silver, plus all my costs, and to do that I might have to add bids as needed, as the silver price moves up.

I liken this change to me being no longer willing to be so daring as to walk the tight rope without a net underneath, or race a downhill without protective nets around the turns. I also realize that I underestimated my costs, due to two factors. I forgot to include listing fees, and forgot to include the spread in silver prices, so I took a bit of a hit. It's ok. I'll survive, and be stronger for it.

Some may think that my change is not a free market process. But it is. The free market is when a willing seller, and a willing buyer, are both willing to trade, without undue force. I'm not really willing to sell at a loss on a regular basis, and nobody should be expected to. Nobody has a right to force me to sell silver at a loss. Yes, ebay does not let anyone bid on their own auctions, but when has ebay ever understood the finer points of the precious metals markets? The entire point of setting up a metals site is because ebay is not efficient enough.

So far, none of my readers have complained to me, although some have complained to the owner of www.seekbullion.com, Peter Spina, who also runs silverseek.com and goldseek.com.

As always, since I know that the free market is a competitive market, I'll continue to do everything I can to lower costs in all areas, so as to be able to offer silver to my readers in forms most desired at the lowest possible prices. And our prices are lower than at ebay, due, in part, to fewer people being aware of www.seekbullion.com.

Today's guest essay is from the man who pushed me the hardest to start dealing in silver, who I met online a few months ago. So, my customers and I owe him a bit of thanks, so pay attention to what he has to say.

more...

Re: Jason Hommel
 

:111: :111: :111: :111: :111:

Re: Jason Hommel
 

Jason may need to learn to hedge. :ok:

Re: Jason Hommel
 

His comments seem to say it all if you ask me. We need free market until it does not work for him. At that point we need to set limits?

He is free to do whatever he wants, his silver, his business. But after all the preaching, I find it a little odd.

But that IS where the free market applies. As I don't agree, I don't bid. To each their own, which is where MY opinion comes from.:36_1_30:

Re: Jason Hommel
 

I think Jason has been talking to Ted Butler. Jason now has his own Izzy: Isaac Kahan. :biggrin:

Re: Jason Hommel
 

Yup.........

He speaketh with forked tongue

Re: Jason Hommel
 

Looks like a bad batch of CS there, TA

Thanks to SilverCaper,
 

I understand whats this all about.:wink:

Re: Jason Hommel
 

jason is able to "explain" and try and "justify" anything which suits and benefits himself.

the funniest part has to be when he starts getting all biblical about it.

Re: Jason Hommel
 

You are very much correct!!! I have seen him do that several times and had a personal exchange with him.

He is a shining reason why some people(like myself) break out in hives when they start talking about the christian bible being the truth.

Hommel wraps himself up in it and he is the biggest liar of all.


Shameful.

T

Re: Jason Hommel
 

Being a relative newb to PM's and to the "movers and shakers" in it, I don't quite get the position that selling something for less than cost is necessary to participate in a free market system. Not a snide remark there.. just rather curious to the rationale.

If selling at spot covers his costs, then imo that should be his start point. True that maybe someplace between $1 and spot is likely to cover his costs, but that's kind of irrelevant to my question.

Btw, I know nothing about his auctions and almost nothing about the guy or his philosophy.

Re: Jason Hommel
 

This only gets me because he has been expounding on free market silver for so long. If he even set a "start" point would be one thing. But to add that he may do his own bidding to get the price up is flat out wrong.

Anyplace else, shilling an auction like that could be considered fraud.:452:

Having silver for immediate delivery is great, but don't wrap your business with so much holier than thou packaging. JMHO of course.:36_1_30:

Re: Jason Hommel
 

Maybe he should trade these......Hummels

Re: Jason Hommel
 

dont you know? JH is in the right because god wills it so

Re: Jason Hommel
 

I think you pissed someone off.

QUIT LURKING HOMMEL! :15_1_70v:

Re: Jason Hommel
 

He's not doing anything wrong. He's not forcing anyone to buy his silver.

Just don't read his articles and you'll be OK.

Re: Jason Hommel
 

My only surprise is that the guy still has an audience at all.
TA's first post in this thread sums it up perfectly.

Re: Jason Hommel
 

He talked big and tried to put his silver where his big, stupid mouth was and got burned and now he is eating his words in hopes that it soothes the wounds on his tongue.
By intentionally breaking eBay's terms of use through shill bidding I'd say he is doing something wrong.

Re: Jason Hommel
 

he doesnt want to lose money anymore because the porfolio he's been pumping has lost 50 60 70% of its value.

and guess what he's selling all his silver mining stocks (or the ones that are liquid enough to be sold). so much for confidence of silver huh?

Re: Jason Hommel
 

I will be very surprised if his "auctions" continue through the year.

As he seems to want his cake and be able to eat it too. With the pice bottom and protection he wants, his "auctions" put prices to the point you can just buy from a regular dealer instead.

"Tulving" has 100 ounce bars at .99 over spot and rounds 1.99 and 10 ounce 1.29 Free shipping and no preaching.

I have no problem with his "price floor", just quit calling it an auction and trying to take credit for doing us a favor.:SLEEP:

Re: Jason Hommel
 

i think only his most loyal followers will attempt to buy from him auction style... anyone else is not deluded enough to think POS is $20/oz

he good at callign a spade a club

Re: Jason Hommel
 

Essentially he wants to sell his silver for a guaranteed profit every time. Thats fine, thats what every dealer does. The problem is that he is pretending that he has a "free market auction" going.

Its no different than if Tulving was selling with the stipulation that if someone called him and offered a higher price for something he promised YOU, that he would sell to them instead. Of course that wouldnt go over very well.

Basically Hommel wants to be a dealer, but he also wants to maximize the price he is selling for by using an auction. This is going to turn out badly for him but he will rationalize it away anyhow.

I never paid any attention to the guy in the past, and wont going forward either, but I do find his behavior pretty funny.

Re: Jason Hommel
 

Last night I was at my favorite beer shop enjoying a fine brew and perusing an issue of Beer Advocate when I ran across this picture. I about fell out before I read the caption and realized it wasn't Jason Hommel. Separated at birth?
http://goldismoney.info/forums/pictu...&pictureid=428http://www.silverseek.com/2006/jasonhommel.jpg

Re: Jason Hommel
 

I have no problem with they guy bidding on his own auctions- only because I refuse to bid on them. The biggest problem that I can see is if somebody still won with Hommel having the second highest bid. If I won his auction @ $13 an ounce after he bid 12.99 I would be some upset. Say my bid had stood at $12 prior to his �insurance against loss� bid- having the site automatically bid you by proxy to $13 is a crock.

I used to read what he wrote just to expose myself to everything- just as I read everything that Nadler writes. I am now through- every post he has made in the last two months is either promoting his auctions or explaining away why it is alright to rob people by bidding at the last minute. I don't know if it is alright to bid on your own auction- but when you have proxy bids I can damn near grantee it is fraud.

Re: Jason Hommel
 

Re: Jason Hommel
 

I actually used to read some of his "newsletters"... but since a few months ago when all he does is pimp his auctions i unsubscribed...

Re: Jason Hommel
 

His latest email links to his mom who apparently is selling Barack Obama 1 oz silver rounds for $20 a piece, lol.

Re: Jason Hommel
 

So did his "newsletters" ever go bearish on silver while his auctions were going on?:rofl: