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

Hey Domain, I think the real story here was the non-PM one, man, after like a 3 month range, we got a resolution on oil and it was down, what a break lower.

From hitting yearly highs to going range bound since roughly decemember and now breaking the range lower means we are going to see lower oil prices ahead.

pretty interesting break today on oil.

Yesterday was a good time to buy, just like 2 weeks ago was a good time to sell.

I rarely sell right on a peak. And yesterday is probably not the bottom, but it is on a downward trend.

Sheer luck. And the guy selling yesterday was spot with no markup.

Terry


IMO

AG will hit lower $14

A little bit of manipulation to get in at a lower price then up she goes again for a bit more profit taking

I was buying silver in 2003-4 when it was going for about $7.50 to $8 an ounce spot price. I used to go to auctions and just bid the spot price based on number of ounces of a piece of silver. I usually won these contests. I remember buying a Tiffany silver tray and selling and getting burned. I wanted to flip the items and that is where I made a mistake. I should have just stored them until the next bull market in PM's which happened in 2011. Nobody saw that coming coupled with 2007-9 financial collapse in housing and in the stock market. I wish I had seen it coming and realized that even PM's are long term trades and not short term flips or trades. I was indirectly in antique business for a little while. I did lose money overall but had fun losing it.

I don't know of any way to manipulate these markets. I do think the way to make money is to buy when prices are at low point and keep buying until we have another bull market like 2011 and then sell it all and buy stock. You need time in the market, and not try to time the markets. Everything is a market in our capitalist economy. You can be an investor or a speculator. The investors win long term and speculators usually lose their money in my experience having been both at one time. I still like gold and silver. It has hypnotic effect on me like Scrooge McDuck. If you want to make money in PM's buy $500 a month of silver or gold and keep buying. This is just my budget.

@terry I was surprised how much I got for an cheap ebay sterling spoon I had mangled in the garbage disposal. Over time sterling flatware prices went up and the below-cost bargains went away. Flatware is discounted well below coin by metals brokers too...especially hollowware knives and candlesticks.