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 Replies: 23 / Views: 2,685 |
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Pillar of the Community
United States
931 Posts |
Anyone know why gold and silver are jumping up sharply today? Edited by junior e
10/25/2011 2:17 pm
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Pillar of the Community
United States
3670 Posts |
"Thaaaaaar she blows, like a hump on a gold hill, it's 1700 plus dollar gold!"....once again....
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Pillar of the Community
United States
7840 Posts |
Someone mentioned something about a European country going under earlier today, and probably won't recover from it.  Edited by oih82w8
10/25/2011 2:23 pm
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Pillar of the Community
 United States
931 Posts |
I'd love to see a few days like this to shut up all of the financial experts that have been declaring the PM safe haven trade a dead horse. I guess Europe is having problems. I hadn't heard anything about that.
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Valued Member
United States
493 Posts |
Stocks down - metals up. Stocks were down everywhere around the world, they just move the money pile into a metal pile.
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Valued Member
United States
304 Posts |
From what I read it was something about Italy. They failed to pass or garner support for some debt reduction package or something. I obviously only skimmed the article.
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Valued Member
United States
458 Posts |
^ lol.
I just hope silver goes back up fast so I can sell a little of my extra for educational reasons :D
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Pillar of the Community
United States
667 Posts |
Going buy my simple charts PM's were ready to move, I just couldn't say up or down. I'm looking pretty smart for buying far more silver and gold maples than I thought was wise from APMEX when they had their special. If this keeps up I can flip them for some very nice pocket change if I wanted to in less than a week.  Silver is up over 5% not bad for a thing that was suppose to hit below $20. |
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Pillar of the Community
United States
4008 Posts |
Quote:
Anyone know why gold and silver are jumping up sharply today? I heard that the information that was to be released on Wednesday will not be released because the politicians staffs are still thrashing out the details of it. That news... or lack thereof... seemed to disappoint the markets and created the pull-back we saw in stocks today. Since metals often (but not always!) move in a different direction than stocks, they went up today. |
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Pillar of the Community
United States
3670 Posts |
Gold has hit $1705 now well into the Asian markets, an it will be very interesting to see how high it goes through the night, and if it stays course on BIG WEDNESDAY.....
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Pillar of the Community
United States
931 Posts |
It feels good to see a nice jump again. A few months back I was really getting used to those thirty to fifty dollar jumps. Maybe we'll see some of that for a while now. I certainly hope so! Last night in Asian trading gold and silver were down, an then recovered. Glad to see it still in the green today.
Edited by junior e
10/26/2011 08:55 am
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Pillar of the Community
United States
3670 Posts |
I agree Junior, and gold basically grabbed $25 more dollars in value yest evening an through the night, as I see here close to lunch time today it is at $1724....
The red headed step child little brother is making some nice moves as well, even though you know it kills those big dawg Wall-street investors when silver gains any significant ground. One of these days it ids gonna past 50 an oz., and an all new bottom drop level(my new word, as support is lame, lol) will be found for it, if such a thing exists, lol....
I saw a 1 oz. gold eagle sell last night in a running auction for $1830 and it was not even a proof....
Edited by Silverhawk74
10/26/2011 12:58 pm
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Pillar of the Community
United States
1026 Posts |
Well if it gets to $1750 I am selling 4 ounces so hope it gets to that will keep all my silver and some gold but going to bail out on the last gold I bought high.
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Pillar of the Community
United States
4008 Posts |
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I'd love to see a few days like this to shut up all of the financial experts that have been declaring the PM safe haven trade a dead horse. Would these be the same "experts" who have lost their patooties in the US stock market over the last 10 years while gold was gaining 600+%? Yep. They would be the ones.  |
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Pillar of the Community
United States
3670 Posts |
"Well if it gets to $1750 I am selling 4 ounces so hope it gets to that will keep all my silver and some gold but going to bail out on the last gold I bought high."
Well Brucec, it gets real close to 1750, then pulls back a few bucks, an repeats. Makes me think there is a larger number of people thinking like you right about now taking some profits, then people that are buying....
I scratched my head real hard an thought about it as well. But I think I will hold off to sell around $1950 if it gets that high. Set on the money for a couple of months, and buy back in if it does pull back to $1600 again before the year ends....
Edited by Silverhawk74
10/28/2011 1:56 pm
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Pillar of the Community
United States
4008 Posts |
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Set on the money for a couple of months, and buy back in if it does pull back to $1600 again before the year ends.... So, Hawk, do you think that there is a good chance for gold to drop back to around $1600? No reason why it couldn't that I can see. As always, though, the question is WILL IT? Nobody knows for sure but what do you think? I can see it holding in a $1650-1750 range for a while before the panic du jour causes it to move up sharply before correcting just as sharply once thew situation clarifies a bit. Much depends on the usual economic and political parameters, European debt solutions, etc. Also, you mention selling some of your gold and sitting on the money. OK, not a bad plan. Would you buy any silver with this money or is this strictly reserved for a future gold buy? |
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Replies: 23 / Views: 2,685 |
Posted 10/25/2011 2:23 pm
