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 Replies: 24 / Views: 3,034 |
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Pillar of the Community
United States
802 Posts |
*** Moved by Staff to a more appropriate forum. ***
This has been happening for a couple weeks now. Silver is slowly fading as gold stays the same or slightly rises... What gives :(
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Pillar of the Community
Canada
902 Posts |
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Pillar of the Community
United States
2120 Posts |
the problem is everyone is at the start line, antsy to break out a sprint to the finish... they just have no idea when the gun is gonna ago off.
No one knows what will happen, and everyone is scared to take a chance. And with the recent volatility, it is no unfounded.
I think it also has to do with the beginning of the Summer lows. PMs usually take a hiatus in the summer and gain speed in August.
Right now my plan is accumulation.
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Valued Member
United States
262 Posts |
I agree...I think now is the time to buy...
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Pillar of the Community
United States
1348 Posts |
I have been buying as much as I can turning what I can for a 5-10% profit and keep the profits in silver.
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Valued Member
United States
262 Posts |
I've been trying to do the same....craigslist seems to be my best bet when I can get'm. I dont advertise but I do respond to others sell ads.
There must be 50 " I'll buy your silver at top dollar" ads. ANNOYING!
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Pillar of the Community
United States
4333 Posts |
Silver's been hovering at $35 for awhile. I agree, if you can, buy. I bought these for $30 each a few days ago.  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
4333 Posts |
Wrestling you did mention gold, so here's my gold purchase last week.   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
802 Posts |
Man, that thing HAD to have been cleaned... too pretty for how old it is :)
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Pillar of the Community
United States
3670 Posts |
Maybe cleaned, but a beauty Fistfulladirt....
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Pillar of the Community
United States
1450 Posts |
I think it is that"industrial metal"tag everyone wants to attach to silver that is hurting it right now. As markets fall,production falls and silver,as an industrial commodity falls. If you watch over the next couple of weeks,I bet silver and copper will move up and down in lock step. If they do,you know that silver is being looked at primarily as an industrial metal right now. That will change if things deteriorate quickly!
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Pillar of the Community
United States
3670 Posts |
I think everything is in neutral right now, waiting to see what the gov messes up next, QE-468 or what freakin ever....
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Pillar of the Community
United States
4008 Posts |
I agree, Hawk. If the government cannot find something to mess up, they will first create it and THEN mess it up! <insert forehead slap Smilie here>
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Pillar of the Community
United States
931 Posts |
I think the Gov is going to have to move with more quantitative easing. The next time there is a headline that the presses are going to speed up gold will move to $1700 and silver to at least $55-$60. There are some payments coming due and Congress is going to require more cash to meet unfunded obligations. Sooner or later it will happen and the next one is going to be rocket fuel for precious metals. I'm thinking hard about pulling the trigger on two rolls of ASE's. Not only will this next QE take place it is going to be a way of life from here on out until the dollar is even more of a bad joke than it already is. They have pushed it past the point of no return. It's such a joke how everyone is bagging on Greece to keep people from realizing that their own currencies are just as weak. That is a really nice looking Eagle fist man! It's also one of the best bullion bargains anywhere right now. Edited by junior e
06/17/2011 8:49 pm
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Pillar of the Community
United States
4008 Posts |
Quote:
I think the Gov is going to have to move with more quantitative easing. I'm convinced that you are right, Jr. After all, when something has been proved not to work, what does the government do; more of that or less of that? Clearly, they will do more of it. Once we understand how these folks are mis-wired, predicting their actions becomes a simple matter of reversing what a normal rational person would do. Unfortunately, they are not 100% consistent, so expect a few times when this kind of logic flip does not work. :-/ Quote:
There are some payments coming due and Congress is going to require more cash to meet unfunded obligations. With currency created out of thin air as if by magic, there will still be "unfunded" obligations, no matter how much they "pay" for them. Real money is real payment. Funny money is... well, just some paper that people think is money. I have a board game in the closet that has all kinds of this stuff. It is called Monopoly. Quote:
Not only will this next QE take place it is going to be a way of life from here on out until the dollar is even more of a bad joke than it already is. When those in charge realize that they cannot affect the outcome of events that have been in progress for several decades, they then do things just to "look busy". This strikes me as one of those busy work kinds of things. This is exactly what occurs when something is circling the drain that leads to oblivion. I can paraphrase their logic with, "Well, we know that QE1 and QE2 did not work, so we will be starting QE3 shortly". Doing the same thing over and over while expecting a different outcome is one of the definitions of insanity. When we look at US fiscal and monetary policy for the past 40+ years, it is difficult not to consider that the inmates really are running the asylum.  |
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Pillar of the Community
United States
3670 Posts |
There must have been more smart people running the country, than stupid at some point. But I believe the scales have shifted, the STUPID in charge now out weigh the SMART, and I hate I could still be around 40 or 50 more years to witness it all come crumbling down.... Like that stupid congressman who's ridiculous name will remain unsaid is a prime example. I saw one poster say that they saw pictures of him online, and they said if he was REAL excited and ran into a wall, he would have broken his nose  . That bout sums it up eh.... Yet scum like that is making crucial decisions for us all, God help us, seems like another wise poster may have said... Edited by Silverhawk74
06/19/2011 11:14 pm
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Replies: 24 / Views: 3,034 |
Posted 06/16/2011 2:05 pm
