What Happens To Gold And Silver Next? Look Out Below?

Thanks YUP..I recently spent a boatload of $$$ getting all my raw gold, larger silver(Kilogram Mexican Libertads), and platinum palladium coins certified secure at PCGS, so, when selling time comes, NO monkey business with forgery swappers. I figured the $1,500 investment is just good insurance well spent, as I sell a lot on ebay. If you read CoinWorld magazine, this year, a lot of new fake gold coins and bars have hit the market and coin shows. Most of these are good enough to fool many of even the most seasoned pro's, as the weight's are near perfect, and, the dies and computers used are top notch now. Fake 1 Oz USA gold eagles and 1 Oz pamp suisse gold bars, sealed. The differences are minute.
Buy carefully folks. I do NOT buy any more bars.

Chicken Little here. I sold 20% of mutual fund today. And THEN, I read the posts for today. Ha Ha.

Well, I'm still happy with a 30% return. In fact, I've never made a 30% return on anything in my life that I can remember.

If it dips, I might jump it back in. If not, I'm still happy.

On a similar topic, regarding physical silver, I'm bummed if prices go up cause it's more expensive to buy more and I'm bummed if prices go down because I should have waited. I'm in a lose, lose situation :)

When Silver goes over $55?..$65?.how will you feel? History PROVES a RECORD high each major event(1960's, 1970's, 1980's, 2011)..this time should be no different....REALISTICALLY, closer to $65-$85 could be a reality soon. Like YUP says...a rubber band ready to snap. 2 "legs" on each big run up..1st leg longggggggggggg and slow....2nd leg fast & furious(parabolic, as everybody rushes in). Consider ourselves lucky if positioned NOW with holdings, waiting for a final top in xxxxxxxx months, years, whatever. My point is, there is still plenty of time to buy. Once over $20, I would guess game over, and, that will be a new floor to protect..until a new one.....25....30....35...40...
The people at TDAmeritrade told me the investors that do the best, gains-wise, are the ones who buy and "forget"...I've learned my lesson on IN-OUT-IN-OUT..cost me thousands in losses and lost profits...I'm IN and Holding. Mentally, if you cannot deal with seeing red on your trading acct, then just stick to physical. I have NO emotional connection to my physical..it is just "there", up, down, whatever. YES..I DO get wound up with my mining stocks, but, have learned to deal with corrections..it's normal, and healthy, and, leads to newer highs down the line. Chill, and enjoy this ride...it could turn out to be "The Big One"...

@MontanaCMR

Well, it would been better that you had held on. You wont make big profits, no one does, until one learns to control emotions and go with the flow. That is a lesson that is hard to learn, I know I had to learn to go with it, all successful traders do. Once you can let go of that emotion, you will really see the big money.

To be honest, I can bag, with the power of the trend, depending on the asset, and market conditions, it is possible to do 30-40% plus and more in just a DAY or days. sometimes over months it can 60-80% or more. So 30% is just scrapping the surface.

some days its just 6%, 12% but when you have a powerful trend, up or down, one can make returns on ones money that is mind boggling for most. To me, 30% is nice but thats just the start.

A famous trader that I follow from the late 1800s said that theres nothing wrong in taking profits. But its worse to basically take those profits early without letting the move run its full course.

Clearly you have an emotional blockade, where you are worrying that at any minute you think the hammer comes down. Dont worry, thats a common human trait. You did what made you feel better emotionally so I cant fault you but what will end up happening is these are going to run higher and you will/might feel bad. Its natural, its human.

I say be careful on your next entry. It must be proper. Remember, even tho we are in an uptrend, we do not know when the uptrend has a violent move. All up trends correct. so do down trends. These usually happen when people get comfortable, when they feel that they can just buy that dip, when they feel that its going to keep going up. Dont succumb to that, dont get comfortable and dont take the uptrend for granted.

That is why we leg into them on the way up and buy from a higher spot until we hit our final goal. That way, we can sit on our final amount of shares, have a profit already, have been proven right because its going up and WHEN that pull back happens, we do not panic, we dont have emotional problems worrying that we bought too much or that we are going to lose profits because we bought early and proper and can now stomach or handle any pull back.

So this is a warning to be wise in how you enter/add. Do not take the uptrend for granted. Dont assume you can buy a dip each and every single time. Remember how and where we stand in this uptrend.

The farther we get away from the initial buy point, and without until substantial pull backs or a very nice long base of consolidation in time, the trickier it becomes for a proper entry point.

That is WHY we do not start selling early and closing out positions in an uptrend.

You did what you thought was best and I cant fault you, especially since this is not something you do for a living. I am happy for you tho, feels good to see the general public take gains home and win at this game.

You are proof to everyone who whines and complains about manipulation, that markets are a casino, those who say you cant win at markets, you proved every single naysayer in the world WRONG with your gains and thats a great thing!

Amazing insight.

My favorite part is telling colleagues about listening to an anonymous social media guy named Yup.

One small part of my defense, I had a lot, both in terms of percentage, and amount (at least for me) moved over. Even if I leave the rest, it's still a lot for me.

Next time, I'll read what this thread says before considering a change in position.


Lol, I had better not quit my day job yet.

I was watching that as well Cascade...guess we need to see what happens tomorrow. I have a feeling it may dip down, but I also have a feeling that we are going to hit $18 in the very near future.

I think $17.68 is the 52 week high. It looks smashed tonight.

Does that usually indicate higher prices, or pull back?

Or start a downtrend :/