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

That's one reason to stack. Personally, the price doesn't really mean a lot to me. You see, I easily spend over $5,000 per year on home, auto and health insurance, and never make a claim. So, I spend a little more buying insurance against a failing fiat currency, and end up also having a bit of shiny to hold in my hand.

Not good price action today

The poor PM buyers and HOLDERS are in the vise grip of the KILLER emotion of HOPE

Will not be surprised to see a 9 HANDLE on AU

and

A 12 handle on AG

@domain555

yup, sure looks like gold and silver want to touch those yearly lows again.... and then as I have discussed,, another bounce again wouldnt surprise me either...

in any case, the trend remains firmly down for gold and silver.

All these commodities look stuck in their downtrends firmly, from energy, to metals, to softs etc. The only ones that are looking good are cocoa followed by cotton, but cotton still needs a lot of work.

The USD looks like a really good place to park money this year going forward....until the trend changes...

Hi,
I just came through an interesting post regarding what happens to gold and silver when we actually consider for trading.As some one mentioned cash is king and I totally agree that cash is king because the prices of gold in 2016 could be skyrocketing and this would have a huge impact on the market and that will create a huge impact on the economy.

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The only "thought" I have going into this week is... as a trader,,, what happens now that the "news" has happened and hit the tape... the Fed has raised rates and is going to raise rates.


So seeing gold and silver have been in a downtrend for years now and rates are rising, does this mean it is now priced in going forward? Does the market now finally accept this? How does it impact gold and silver?

I have no idea but I am interested in seeing how it all plays out.

Yes SSK Wish I was in a position to pick some up right now.

Yeah, the day to buy was definitely 12/18. Those that didn't buy ON THAT DAY are morons who missed the boat.

Sheesh. I bought gold and silver on 12/15. I am a moron for not waiting 3 days.

But on 12/15 I was in the shop with the cash. I am a poor market timer. I buy when I can afford to buy.

My next buying opportunity is quite literally on the next phase of the moon, the third week of January. I buy bullion when tides are low because those dates correspond with my visits to the shop.

I have been stacking and unstacking for so long that I really don't care about making money in bullion. I stacked eagles at $200, and within a year unstacked them at $200. If I had waited 20 years there were times when they touched $1000, but by then they were long gone and I didn't even notice what I could have made.

In liquidating my dad's estate last year I sold a lot of modern proofs at 25% of their cost. However any that were gold were worth a lot, and they underpinned the value of the holdings. Most of these were bought when bullion was half of its current value, some were not, but I didn't care about what was paid for them at time of sale. Based on this experience, IMO it's worth having some bullion around, though not over 2-3% of total savings.