Silver An Gold Are In A Dead Pullback It Seems.....

I just can't figure out if it is going below $30 so I can back up the truck or if I'm going to be kicking myself in the butt for not buying now. I''m kind of on the fence. Got about $1000 sitting on the sidelines.

Maybe I'll just buy another 1911 and call it a day.

Whoever is in the most control of those lines (an no way anything this big comes down to one person's choice, it is all way more complicated then that, especially in this highly advanced technical age), is manipulating silver in the 5 an 6 dollar change in price from up to 37, say back down to 32....

This also keeps us small timers in the physical game. Another-words the long terms more time to stack, an the short timers time to try an make a few bucks on swap transactions. And of course the big players are getting rich on huge amounts of paper silver an gold swapping hands....

I figure on how those lines move, is all based on many figures coming into the system (everything from money exchange, breaking news, supply an demand, to economic growth an UN-employment), and a AI program compiles all the numbers an computes them through a set mathematical formula, and the result is like 34 dollars an 32 cents for silver heading into the market close this week.....

Does that sound about right, or is that way off?

No need for it to do that. You could split it up into 2-3 equal amounts and buy some silver now, buy some more in 4-6 weeks, and the last of it in another 4-6 weeks. The market will do whatever it will do and there isn't much that any of us can do about that. If we buy a little silver on a regular basis, though, we will HAVE silver if and when it is needed and the cost will have been reasonable.

I'm thinking that PMs are due to move higher from here, so ordered some from APMEX earlier today. If it moves higher, I probably won't buy much more for a while but if it moves lower, I will. Gold bouncing back from $1675 after the big Leap Day Raid is a powerfully bullish indicator, IMHO. Silver is hanging in there as well, in spite of all the paper games being played with it.

Reading the tea leaves over here and I think this pull back could be caused by the "Tebow effect" and a looming QE3 threat.

Is it going to see $30/oz?

I think your anger should be directed at Irsay. He's the true catalyst for all this NFL insanity, minus Bounty-gate, of course. Too bad for the Saints, right? And love the Bloodsport reference. I was just beginning military service when that movie came out. Got into martial arts, weightlifting, and even learned the groin wrenching Van Dam full split. Quite an inspiration.

I agree 100%, Hawk. Professional sports is no place for street thug tactics. All of the guys in sports are supporting their families with their earnings. Most of them make really good money but their careers tend to be short. Getting injured by accident is bad enough without having someone trying to do it on purpose.

I agree 100% Ed an T, as there are still country's out there that will cut your hand off if you steal. I bet the theft rates are low, short of the unfortunate that is so poor or in a bad place they have no other option....

Now I am not condoning that kind of justice, but there is a fine line as of being to SOFT, in which case kids grow up to be Caligula or Nero, know what I mean....

I am not gonna beat my kid by any means, but I will instil the fear of God to make them understand the value of life and things around them, like my dad an grand father did with me, via good old fashion leather belts an woodshed treatment....

I have never been arrested or got into trouble and treated others the way I want to be treated for the most part. It does make a difference, via a stern hand, as Mr. Goddell has shown to have. I like him, he shows no favorites, you cross the lines he lays out, you will pay with your wallet an career perhaps....