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

@zack

It doesn't. What we were referring too was end of the month, end of Q1 in fact.

So what happens, at the end of the month, funds close out positions, add to positions trim, etc. That accounts for choppy sideways action on these days. As they will be sending forms to their investors, they want to say "at the end of Q1 we had these names etc etc or we had this but trimmed it etc etc".

IT was mentioned that gold and silver were up but miners down. Probably because some funds were selling out, some where buying in.

Gold and silver are commodities and as such, they only move based on the law of supply and demand. There is no need to wonder why, how, where, when etc. Just supply and demand.

@zack

well futures are a bit different and without getting long winded and confusing lets just say that it all depends on whos doing what with the contracts. How they expire, roll over, be due, etc will depend on who took those contracts out and on what date. So we really cant say exactly when all that happens. Some might expire immiedately come April, others no, etc.

Yea just take your time. I a lot of things are going to sound like gibberish and never ever going to make sense. Thats OK. I know I never went for a CMT exam, I dont care about candle stick patterns, Bollinger Bands, moving averages etc.

Thats not to say they dont have their uses. Its just that all these indicators become too much. At the end of the day, the less you use the better AND keep in mind, every single indicator is some how tied to the price action. None of them can predict what happens.

So I was taught "less is more". Keep it simple. Have an edge and refine it. For me, I excel at reading patterns, buying and selling short 52 highs/52 lows and buying/selling break of trend lines. I know my time frame. Furthermore, this type of trading fits my psychology and emotional make up.

I prefer and have no issue at all buying stocks at all time time highs. I dont have trouble buying stocks at yearly highs. Other traders are not comfortable buying a stock at say 350 that has moved for a year steady. To me, I have no problem doing that.

So when it comes to investing, trading, one should try and develop an edge that also suits the emotions best while ALWAYS paying heed to price action.

Another good book that has been referred to me by fellow traders but I havent looked at but I always hear positive things about is Trading In The Zone by Mark Douglas, its a good read for investors and traders alike.

Question for Mr. YUP: What's the fastest way to find the 52 week high charts for the bulk of the gold and silver miners? I found THIS:
http://www.miningfeeds.com/gold-min...ll-countries

Here's a micro gold OTC stock, at 52 week high today(off by a whisker), for anybody(like me), who enjoys putting funds into inexpensive miners. This company, Intergra Gold Corp I found out from one of those mining articles where they interview a large name in the business, and, ask for some recommended companies that they have bought for the long haul. I'm in for the long haul. What I like about these small stocks is the ability to own 5,000, 10,000 + shares for not much cashola, and, when they go up even a penny or 2, or 3. 10,000 shares would be $3,900...$3,900 into Rangold would get me 42.94 shares. If everybody has a good day, and go up, say 2%, I make $77.29 on #3,900 in GOLD, yet, $200 on the same amount in Integra. I doubled my money in 7 weeks, with micro silver miner Silvercrest(SVCMF) by doing this...25,000 shares bought at an average of just 0.21/share..sold when it hit 0.40

@MontanaCMR

Based on price, the three in that article, when I looked at them, look much better than the Vanguard, which seems to be really lagging. I wouldnt buy anymore of that Vanguard. Remember too, if you are dip buying, to space out how much you want to put in. Manage your risk always.

@ilikeikes

The best place, tho most brokerages offer screeners but you can also use a site such as finviz.com and make custom screeners for US traded miners, both gold and silver.

@Montana FGADX, FSAGX and BGEIX look like dead cats based on the 5 year trends. If you want price action you'll get your bounces, but be prepared to get out in a hurry. I chased my former company's stock down figuring it couldn't go any lower and ended up with ten cents on the dollar in bankruptcy.

@Montana, acting as an executor affected my outlook. First, the precious metals I liquidated were worth more than all the cars and guns combined, and far easier to dispose of. Was any money made on this bunch of USguvmint proof sets? Probably, but only because gold was up so much over 15-20 years. Short term they would have been big losers.

Second, the energy royalty trusts I liquidated were very profitable. But their value today is only 10-20% of what it was in 2014, due to the energy price collapse no one foresaw. From this I learned a lesson about the difference between holding a capital asset vs holding a leveraged asset. It would have been bad enough if we had waited and watched all the savings evaporate on unit shares that were physically held (literally - they were all paper certificates). It would have been a total catastrophe if those shares had been leveraged, as is gold is when you buy futures. Not just an 80% loss of capital, but bankruptcy of the estate to pay for the margin calls.