| Author |
 Replies: 33 / Views: 2,604 |
Page 3 of 3
|
|
|
|
Bedrock of the Community
 United States
14454 Posts |
silver is down to 9.60 right now
|
|
Pillar of the Community
United States
1703 Posts |
I bet its back to $12 to $14 within 2 weeks. Just my gut reaction.
|
|
Pillar Of The Community
3147 Posts |
While this is good news for buyers one must keep in mind what the bullion was worth just a few short years ago. That would be a GREAT level to go back to! I do think this will be short lived as a great number of investors/collectors have probably dumped in the last few weeks so the market is a tad bit flooded. The part that really upsets me is the banks have probably dumped gold and silver and made millions on OUR money in their continued efforts to monopolize the bullion market and to control pricing. It has worked for years but with new world bullion markets opening up it has hampered their usual domination of the market. One thing for sure this drop has caught a great number of folks off guard and is kind of unusual with the stock market currently on the way down? Will have to take a wait and see attitude on this one!
|
|
Valued Member
United States
458 Posts |
Hmm, when I posted earlier gold was down over $35., now I check and it ended the day up $3.10^^--Is that a comeback or what? I'm telling ya, the speculators are playing us as saps--Bottom line IMHO, gold is under values AND so is silver--the ride back up will surprise many--If ya gonna buy silver or (gold) at these prices, do it soon @ these prices--Cause the roar back is gonna freak yawl out & its gonna rock ya--  Edited by CiScO
06/13/2006 6:04 pm
|
|
Valued Member
United States
79 Posts |
to Shatsi; the point I was not able to make is that investors now believe the Fed will raise interest rates futher which will prop up the dollar[for a while].In the long run the dollar is a known loser but if inflation continues without the raise in interest rates the dollar value drops and commodity prices start to climb again after the hysteria subsides over the recent drop.Bernake wants everyone to believe that he will not tolerate large increases in prices, so therefore,we are presented with the CORE inflation rate which does not tell the true story of the current inflationary scenario.Many of the sheep believe that the dollar can't fall'its too big too fall'so they follow the Fed chairman with trust and acceptance.The current drop in commodities is related to a lack of cash by the heavily leveraged investors who bought futures in an attempt to make quick cash.I hope this makes more sense.
|
|
Pillar of the Community
United States
772 Posts |
Doesn't bother me at all... sold most of my stuff to turn a profit. I have talked to a couple bullion dealers and they said normally summer time, prices drop. Any "vets" out there know of any truth behind that?
|
|
Pillar of the Community
United States
4870 Posts |
Down to $9.50/oz! But I think it will be a long while before we see those prices reflected on ebay for example. |
|
Pillar of the Community
Australia
1529 Posts |
Just a bit of juicy titbits for you all to be aware of....the Aussie Stock exchange fell badly yesterday....25 billion dollars.. yes billions were wipe off. No doubt, the effects will be felt world wide.  |
|
Pillar of the Community
Australia
1079 Posts |
Hi Lim,
I have stock traded for a while. One of the phrases that were mentioned several times that still rings in my head today: was that the Ozzie market could absolutly stuff itself and there would be no effect outside of Australia.
Reason being is that the ozzie stock market is so small in comparison to the rest of the world.
The market has been very volatile for a while now.
Edited by KLD
06/14/2006 02:07 am
|
|
Member
United States
3242 Posts |
|
|
Valued Member
United States
95 Posts |
Barely ... more like it's treading water... I hope we see some major burnage later this week :)
|
|
Pillar of the Community
United States
986 Posts |
Even if it's up a little today, it's lost about $5 in the past monthes.
|
|
Pillar of the Community
United States
1703 Posts |
It was thought to take a dive at the end of May and start to rebound a few weeks later. Looks like the scenerio played out a couple weeks late but I think, its on the upswing again.
|
|
Pillar of the Community
United States
2365 Posts |
Yes, jdheyne, that is true. Also, crystalk and dgoose50 are right on with their analogies.
It's a wait and see what Bernake does (again). He's raised the Prime several times already (since taking office) and that has put the markets into a tizzie.
Internet trading has had a great effect on the markets rapid increases and declines also. (Easier to trade and quicker reponse to buy and sell).
|
|
Member
United States
3242 Posts |
|
|
Page 3 of 3
|
Replies: 33 / Views: 2,604 |
Page 3 of 3
|
First Page
Previous Page
Posted 06/13/2006 5:49 pm
TODAY
