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 Replies: 23 / Views: 3,051 |
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Pillar of the Community
Canada
1723 Posts |
Nice little spike in the PMs. Weird how silver shot up and down in same amount of time while Gold shot up and has been slowly going back down.
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Pillar of the Community
United States
3670 Posts |
Sweet, did not realize the market had started back, but why not as the east does not celebrate Easter....
Little movements either way to start is just about meaningless I have learned, as often it goes strong the other way. Like for example I have seen G&S struggle lately before lunch, say down 25 bucks an 50 cents, then it ends up pushing up 40 cents over and gold back up to where it was an 20 more bucks or so to finish, or vice versa for example....
No way to get a real clear read UNTIL gold moves say 75 bucks either way, and silver passes a dollar, again either way....
No doubt, silver is about 16 bucks less per oz then it was at this time last year....
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Pillar of the Community
United States
5832 Posts |
Pre-markets price are down for the stock market at this time by almost 150 points, so this maybe a movement that people are buying back into PM.
Tomorrow morning will know for sure...
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Pillar of the Community
Canada
4944 Posts |
I bet we will be seeing a nice price increase in silver and gold this week.
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Pillar of the Community
United States
1454 Posts |
I tend to pay more attention to the dollar's rise and fall, rather than than the stock market, in regard to the price of PMs. I believe history shows there's a fairly strong inverse relationship between the two. I don't see that with any degree of accuracy with stocks.
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Pillar of the Community
United States
808 Posts |
Quote:
I tend to pay more attention to the dollar's rise and fall I cannot agree with this comment more. Edited by coinwatch
04/09/2012 11:12 am
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Pillar of the Community
United States
3670 Posts |
Silver line just broke across 32 dollars, and it is moving up an down (more up then down) in a jagged fashion that I have not seen in some time. Lately other then dropping I have only seen sideways movement.....
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Pillar of the Community
 Canada
1723 Posts |
looks like a lot of confused trading going on last few days. Wonder where its gonna go. Almost seems like there is a battle between the bulls and the bears.
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Pillar of the Community
United States
1554 Posts |
I just looked at the 24 hour silver prices and it looks like someone is running a marathon with their heart beat to fast. Prices every few minutes up-down-up-down-up-down.
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Pillar of the Community
United States
863 Posts |
It is gonna go down all summer. than in the fall it will go back up. my prediction. so buy all you can now before it goes back up.
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Pillar of the Community
United States
4008 Posts |
If it's gonna go down all summer, why buy in the spring?  |
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Pillar of the Community
United States
863 Posts |
lol very true. but I dont think it will drop to much below 30. in the fall there will be a lot of turmoil and fear related to the election. things like that make pms go up
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Pillar of the Community
United States
1554 Posts |
Looks like frantic trading again today when I looked at the 24 hour charts.
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Pillar of the Community
United States
1454 Posts |
Silver's still sideways. I keep expecting it to break one way or the other but it's staying in a fairly tight band. Anyone know if it means anything?
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Valued Member
United States
196 Posts |
not sure what it means, but I am just waiting on it to dip under 30!
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Pillar of the Community
United States
4008 Posts |
Quote:
but I dont think it will drop to much below 30. I agree. There seems to be pretty good price support at the $31.50 level right now. It's tried to get above and below that recently but always seems to come back to it. I could see a temporary dip below $30 but don't think that it would last very long; perhaps only a day or even just a few hours. Quote:
in the fall there will be a lot of turmoil and fear related to the election. things like that make pms go up There are a lot of things out there that could jump up and harm or help PM prices. The election is certainly one of the big ones but so are the financial problems in Europe and Japan and the slowing of the Chinese and Indian economies. Anything coming out of the Fed is likely to move PM prices and that could be for better or worse, depending on the news and how it is received. |
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Replies: 23 / Views: 3,051 |
Posted 04/08/2012 11:29 pm
