Talk About A Drop

Considering just how volatile gold and silver can be, waiting until prices drop to sell your stuff and buy in may be counter-productive. Might be better to sell your stuff now so you have cash on hand to make your gold and / or silver purchases quickly. Just sayin'.



If there is additional info available now that wasn't available a few days ago, that could be a reason. Lots of things influence the PM prices, though, so it can be difficult to get a clear picture on some of these price moves. One thing I DO know is that CNBC and their stock shills have ZERO idea why gold or silver do anything.



I would agree with this, MK, right up to the point where Greece does a true default. If that happens, there will be an immediate and massive problem in the EU and US banking sector via all the CDS contracts that would be activated for payment. Not that this is likely but it is possible. It is at times like this that I prefer owning PMs to all other forms of investment. Holding paper money in general and euros in particular at such a time would not be at all good, IMHO.



Very nicely summarized, Trip. I agree.



Perhaps after getting burned a few times by commenting and then having the market turn around the next day has tempered his enthusiasm a bit?

Buying a little all the time is a great way to buy into PMs, IMHO. This process is similar to investing in a 401K... a little every month. This way, you tend not to ever buy a lot at the highs or lows but do end up with a low price on the total amount purchased... DCA, actually.

All I can say, MK, is... Trust The Gut! If it is telling you something, you would be a wise man to listen. I also have had similar subliminal messages about various things and have found that it costs me more to ignore these than to go with them. I like playing the odds, so anything I can do to bend those odds a bit in my favor is well worth doing.

Funny that you should mention this, though. I am getting similar gut to brain signals about the US stock market. I have quite a bit of my personal wealth invested there and I am getting THAT feeling once again. The last time I had this was back on July 4th of 2011. Over the next few days I will take some of this capital off of the table and wait to see what develops, if anything. The mid-March through April time frame looks especially precarious for US investors. As always, unknown the future is. We will just have to wait and see what happens. Having more dry powder while waiting looks real good to me about now.

Interesting thoughts, Roger. The part about a possible summer rally in PMs is especially interesting. As you stated, that tends to be the quiet time of the year for PM prices. Not sure why this should be so but I have read a number of articles that have mentioned this.

As to the Greeks... yes, they would be WAY better off to simply default, get their financial house in order, and go on about their business. The more I study this situation, the more clear it becomes that this is not about the Greek people, although it SHOULD be. It is about preserving the loans made to Greece by the big EU banks. Right now, it is looking as if Greece will default but it will be dragged out as long as possible so that as much money can be extracted as possible. Like jumping into cold water, they would be a lot better off to just do it and stop this 1" at a time nonsense. That only prolongs the misery. Both have the same end result except that less wealth is removed from Greece, leaving them more wealth with which to restart their economy.

As for PM prices... I am thinking that we will see them fluctuate for a couple of weeks, perhaps with some nice buyable dips in there, and then move strongly higher in the April-May time frame. No data supports this, so it is just a feeling on my part.