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 Replies: 5,649 / Views: 461,320 |
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Pillar of the Community
United States
1476 Posts |
Myself, I want it to drop through the floor, so I can buy.  Then...well you know.  |
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Pillar of the Community
 United States
3789 Posts |
@cjspearsdog
I have no horse in this race. As a trader, both silver and gold are looking good for a trade to buy but I need to see a better entry, the risk/reward just isn't there to take a trade on the buy side for my time frame.
Other than that, this has been a really dead/boring market. Until now,we have just churned around. Despite this latest push higher, we have seen this happen before where gold and silver run higher, break some ranges and fizzle out later, so there a few trades to be had here and there but thats it.
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Pillar of the Community
United States
3789 Posts |
Both gold and silver getting pretty solid moves down, question remains as I had mentioned on Sunday,, is this a pull back or retracement before trying to move higher?
have to wait and see.
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Pillar of the Community
United States
1132 Posts |
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Myself, I want it to drop through the floor, so I can buy.
Then...well you know.  $5 spot, could you imagine? |
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Pillar of the Community
United States
1476 Posts |
Quote:
$5 spot, could you imagine? I don't remember $5.00 but I do remember $8.00oz silver. |
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Pillar of the Community
Canada
2019 Posts |
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$5 spot, could you imagine? Not going to happen again in our lifetime, may as well buy what you want, anything under $20 is a steal. |
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Pillar of the Community
United States
1804 Posts |
I bought good quantities of silver jewelry from Peru, when SPOT AG was $4.00 (+)
Wife resold it to friends etc.
Fun stuff was what we called the CLUNKERS. Between 1 and 2 oz on necklace pendents.
.925 ~`~`~`~` .950 ?
May have been back in about 2000. Maybe later.
Wish she would have kept more for her self.
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Pillar of the Community
United States
2764 Posts |
With minimum wage going up toward $15/hr mark w/in the next 5 yrs. PM price doesn't have lots of chance to move down. Cost of living will increase, $ buying power going down ===> where will PM price go? Let us make a wild guess.
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Pillar of the Community
United States
1804 Posts |
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With minimum wage going up toward $15/hr mark w/in the next 5 yrs. PM price doesn't have lots of chance to move down. Cost of living will increase, $ buying power going down ===> where will PM price go? Let us make a wild guess. The Hunt Brothers tried to corner the AG market. And were doing a good job of it. Until SPOT hit (about) $50. Dropped (about) 90% in a flash. te-he IMHO, PMs has a mind of its' own. |
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Pillar of the Community
United States
3789 Posts |
I have no idea where the future has in store for gold and silver and I certainly dont get paid doing that NOR do I care.
From my perch, gold and silver failed in their break outs. Gold never really got going out of its range. Silver did, had some continuation but the pull back knocked it back into its previous range.
Now that we have that out of the way, the question is- how deep will this pull back be? Are silver and gold going to the far end of their range that they now sit in?
These are the questions now that are of importance.
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Pillar of the Community
United States
3789 Posts |
after a couple days, guess what.. gold and silver remain in a range! Surprise surprise.. not really.
what is interesting is in the price action, the pull back lasted about a day followed by some flat action these past two days.
Next week should bring us more clues as to what happens in a shorter time frame with this range.
Its pretty clear now tho what price points gold and silver have to hit and we will look at that this weekend together.
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Valued Member
United States
493 Posts |
I don't think gold and silver price are going anywhere, it seems they have found their place for now. Investor demand, at least for gold is mostly central banks - unprecedented. Not until the big stackers, big countries, central banks, and ETF commodity investors reign things in prices will hold up. Currencies, debts, and interest rates changed the whole dynamic to what we see today. Money not worth much anymore?, or high inflations on your currency?, stack metal instead.
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Pillar of the Community
United States
5216 Posts |
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With minimum wage going up toward $15/hr mark w/in the next 5 yrs If minimum wage hits $15 an hour let alone $10 an hour I might as well quit my current job where I have to ACTUALLY work hard and know what I'm doing and get a job pushing shopping carts or saying "Hello. Welcome to Walmart" which would be a whole heck of a lot easier with a whole heck of a lot less stress. |
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Pillar of the Community
United States
4333 Posts |
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The Hunt Brothers tried to corner the AG market.
And were doing a good job of it.
Until SPOT hit (about) $50.
Dropped (about) 90% in a flash. te-he
IMHO, PMs has a mind of its' own. Domain, it's my understanding that in January 1980, the COMEX stepped in and suspended trading in silver, and changed the rules regarding silver trading. The Hunts dumped their silver and were bailed out by banks. So, was it a manipulated build-up and crash? When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
3789 Posts |
The Hunt Bros are wayyy before me but my understanding is COMEX would have changed the margin rules in this situation. But I dunno, thats all history now lol
I will try and get something done later this evening as we have tomorrow off. I dont see much again...tho, just another range for now...
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Replies: 5,649 / Views: 461,320 |
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Posted 05/18/2015 2:41 pm
