What Happens To Gold And Silver Next? Look Out Below?

Yupper your a big downer. His business is not your business Yupper or anyone's business. I am pretty sure nobody ask u for yet more examples of what u do not like to see people do with their Fiat and Silver.

Did u rub it in his face or did you just want to hold R hands here on the forum with this so called bummer story?

When Yen the Hen,gets it on with D.C. this week,please hook up a chart if you would.

Yupper , we appreciate you pointing out the example on ebay. Most of us did not see this. It is our business because it is a public sale on ebay. The seller has credential problems as pointed out by macmercury. I don't think the invoice is legitimate. He is trying to take advantage of buyers inclination to get a great deal by profiting off someone else's mistakes. It is very tempting. While we don't want to lose in a downtrend we all know it will eventually become an uptrend. So, we try to learn where the bottom could be and buy accordingly.

Simple textbook trading 101: Yearly highs beget even higher highs. Yearly lows beget newer yearly lows. This never changes and has not changed in markets since their inception.

The stock market is the place to be putting your money at currently and has been for several years now. Trends run much longer than anyone thinks possible. New all time highs are a buy sign, not a sell signal, they foreshadow even higher prices to come.

In financial markets, there are no such things as bargains. When assets are being sold and hitting yearly lows, financial institutions are exiting the door and walking away. We have seen this with gold and silver. They are not bargains at these prices. You cannot apply the same metrics of buying something on sale or reduced at the store when it comes to financial assets. It does not work that way.

Sorry, but absolutely no financial institution were buying gold and silver as it made yearly lows. No, they were net sellers.

I have always said it and it remains true, the price action is the most important metric to follow and pay attention. Without it, you cannot win the game.

BTW as far as the auction, I did not originally see the feedback, which is a good point. Nevertheless, I will point out that 2013 sheets of silver pandas are still 23% below their initial offerings.

Bottom line: anyone who thought the bottom was in 2 years ago and bought a sheet of Pandas is still underwater. No bargain there lol

@Leo

Yea I still think, until the December 1st 2014 overnight lows are violated, this can avoid going lower. If those give way, the chances for much lower prices are pretty high and there will be good opportunities to sell short silver and gold as they fall.

To me, I am not interested and could care less what happens to gold and silver. Shoot I made my money on a trade weeks ago when it ripped higher and then jumped out as it stalled. TO me, the big money is not made in catching bottoms or tops, that is a suckers game and cannot be done.

My big money is made in catching the move when it is confirmed to start, whether that is selling short or buying an asset on a break of a certain price.

With so many things to trade everyday, gold and silver are nothing but numbers to me and thats it. I have no emotional attachment to them as others have.

mdpmedia





Very good point.

We have no Gold, but our wedding rings.

Even FDR let you get you ring(s)

FDR locked your safety boxes in your bank, if I remember correctly. If your gold was with other things like wills or deeds, you were not alowed to get the papers, without a GOV person looking and ready to grab your GOLD coins. Please correct me if I am not right.

Actually, the average Joe can indeed get himself some dollars or dollar exposure.

He can buy contracts on the futures market as they do have retail accounts that would allow you to park it in dollars, you can also buy the safety of US T-bills.

I personally would not go to gold and silver for protection. I would go right to the dollar and T-bills.

I'll stick with dollars period. They are not going anywhere. I am not going to run to silver and gold.

the USD is where I will park it at. There will not be a breakdown. Everyone keeps saying that many countries own gold. That is true but also when you mention that, you should also mention that all world countries own by far, USD as their BIGGEST currency holdings.

I have no horse in this race but I do know that it is worthless to bank on any sort of long lasting, nuclear Armageddon financial crisis.

The fact of the matter is even if, let us say it "was" fiat... you cannot over power or go against CB's.

As a trader, rule number one you go with is follow price action. IF gold and silver end up being safe havens along side the USD and US T-Bills, so long as price action confirms it, then sure putting some into gold and silver would make sense.

To me tho, to buy a declining asset doesn't make sense as my years of experience have shown me and my bank account that you make money in markets by following where they are going and riding that trend in whatever the direction is. You don no put money where it is not going anywhere or going in the direction you "think" it should go.

Going against the market or buying and holding, especially a commodity that clearly is out of favor, is not wise financial sense. I can see maybe someone buying a roll or two a year of silver. But outside of that, buying regularly a declining asset just isn't the best use of anyone's money.

I certainly wouldn't be using your guys money to buy and silver or gold on a regular basis, I'd be putting it work in areas that are working right now. AFter, I am pretty sure everyone that buys gold and silver do it with the intention that it increases in value.