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 Replies: 63 / Views: 7,055 |
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Pillar of the Community
United States
1450 Posts |
CNBC is saying QE could total $3 trillion over the next 12 months. If that doesn't sink the greenback,I don't know what will. That being said,gold just dropped $23/oz. Somebody is getting out big time. I am going to hold tight a bit lnger since I got my gold at $620 /oz.
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Valued Member
United States
402 Posts |
Silver is down .77 with the big drop the last few hours.
Like my mom says, stay with booze, bullets and bullion; and I always do what momma says!!
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Pillar of the Community
United States
757 Posts |
Quote:
CNBC is saying QE could total $3 trillion over the next 12 months. If that doesn't sink the greenback,I don't know what will. That being said,gold just dropped $23/oz. SOMEBODY IS GETTING OUT BIGTIME. I am going to hold tight a bit lnger since I got my gold at $620 /oz. yeah sorry guys, it was me--i sold an ounce today. |
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Valued Member
United States
467 Posts |
Added a few more SML's on the price drop. Always adding, DCAing my way through life. :)
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Pillar of the Community
 United States
2448 Posts |
Well, I'm certainly no expert, but the QE2 number is official. The FED is bying back 600 B as in Billion. I still think metals will rebound. In the after hours, gold is up $10 and silver is almost $25 again. Give it a day or so.
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Pillar of the Community
United States
880 Posts |
Alright so being new to this trading thing, answer this for me if you would :).
Does the price of collectibles, such as coins, stamps, antique bottles or hell, even beanie babies go up and down as the stock market? I mean, I understand that prices fluctuate - but based on what? Just demand, people needing money so they sell there collections? Or do stocks/metal prices affect my beloved small penny collection?
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Pillar of the Community
United States
757 Posts |
as far as metals go, yes. as far as other collectibles without intrinsic value, there are so many more factors it's mind boggling.
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Bedrock of the Community
Australia
21788 Posts |
For your trivia quiz: Gold is the 19th most abundant element in the Earth's crust.
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Valued Member
United States
463 Posts |
silvers at 25.51, we will get to 30 soon
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Pillar of the Community
United States
4085 Posts |
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I'm looking for an index fund but can't find one I like. Have you looked at PCRIX - PIMCO Commodity Real Ret Strat Instl? It invests in a basket of commodities via futures and is reasonable in terms of expense ratio. |
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Pillar of the Community
Canada
3692 Posts |
Lol, look at today's spot prices in the morning alone. Everyone who sold in the last week is going to look at next week in awe.
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Pillar of the Community
United States
2448 Posts |
Could have sworn that I answered you KenKat, guess not. Thanks for the symbol and I've done some prelim stuff. Interesting, but I need the prospectus. Not enough info on line.
Also, gold, for the trivia buffs, is supposed to be 24 times less abundant that silver. I've always wondered why the ratio was so skewed. Ever since the dawn of the digital camera, silver sales have weakened. Although what a jump today; $1.06 so far.
Here's one for you; check out POLYONE; petrochemical co that is hiring like crazy and with exports up exponentially. Finally an American company with huge export potential. (Shhh, don't tell the administration....)
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Pillar of the Community
 United States
2424 Posts |
im starting to think I shold start buying, instead of selling
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Pillar of the Community
United States
936 Posts |
Carmykle,
I trade UYM often. It's a 2X leveraged index fund. It's not for the faint of heart though.
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Pillar of the Community
United States
2448 Posts |
I'll check it out! Thanks!
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Replies: 63 / Views: 7,055 |
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Posted 11/03/2010 11:24 am
