False Pullback Perhaps, Or Is It.... - Page 2

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Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 02/18/2012 7:59 pm "maybe the high price of oil is pushing PM prices a bit higher." Perhaps so, but I am seeing it as more of a holding water lately, and not climbing at the rapid rate it did last year, but again it is just mid Feb. That me a good thing in the long run of things, as rapid climbs as we all know, often result in rapid falls not long after..... We will see the price of PM go up next week, just as soon as that 4% increase from the rise of oil, actually trickles down an effects the pump, as it is a week delay, so like I was paying $3.44 a gallon luckily down here in the hills of Tennessee, but come by Monday that 4% will have kicked in, which translate to about 16 cents. So, I expect to be paying $3.60 a gallon FOR THE CHEAP STUFF for cryin out loud, geeez Wally, come Monday.... So, gold an silver will start moving up next week I strongly figure showing the ripple effects of those prices changing at the pumps an those neg reports kicking in. SO all should sell now as it will probably bottom out at 10 bucks an oz. after that prediction, lol.... Edited by Silverhawk74 02/18/2012 8:04 pm Report this Post to the Staff
Ed_B Pillar of the Community United States 4008 Posts	Posted 02/19/2012 6:48 pm Quote: That me a good thing in the long run of things, as rapid climbs as we all know, often result in rapid falls not long after..... I agree, Hawk. It's been my experience that when something shoots up like a rocket, it tends to come down the same way... SPLAT! Slow and steady is a lot better. That gives us all a chance to get used to the price change and then invest accordingly. Even the stocks that have done really well did not just go straight up. They did a lot of backing and filling on their way up. Quote: So, gold an silver will start moving up next week I strongly figure showing the ripple effects of those prices changing at the pumps an those neg reports kicking in. SO all should sell now as it will probably bottom out at 10 bucks an oz. after that prediction, lol.... Right... and you'd be happy to take all this worthless PM stuff off our hands? Report this Post to the Staff
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