Glad To See Gold And Silver Prices Fall! - Page 3

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larsdog Pillar of the Community United States 593 Posts	Posted 05/22/2013 1:20 pm We will see. I think a lot of the run up can be attributed to the massive position John Paulson, and then other hedge funds, took on gold. It reminds me of the run up in Silver in the 80's due to the Hunt brothers betting heavily on silver. Whether the hedge funds dump or hold may be the key. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 05/22/2013 1:36 pm The hedge funds have proven they have the ability to run up the price to an extent, their upside is limited though and the smart ones will understand they can only do it every so often before people say I'm done with silver and destroy their money making ability when the economy tanks. They can make far more money in other investments right now and most seem to be doing so Report this Post to the Staff
larsdog Pillar of the Community United States 593 Posts	Posted 05/22/2013 3:15 pm I'm not talking about intentional market manipulation. John Paulson made about an $8 billion bet on gold because he predicted inflation. Several other hedge funds followed suit, at least in part. Now that doesn't look like such a good bet. If Paulson and the other hedge funds start unwinding those positions there could be a big drop in the PM markets. If the funds hold those positions, maybe not. It will be interesting to see what happens. Report this Post to the Staff
Doug58s Pillar of the Community United States 899 Posts	Posted 05/23/2013 09:19 am "Since 2008 the Fed has taken the monetary base from $700 billion before the recession to more than $3.1 trillion now as it pumps $85 billion a month into the bond market." This should be enough to make you wonder what the future holds in store for us. The story on MSN business indicates the stock market is so addicted to the influx of cash that they won't allow the fed to stop... I've held the belief for years that since the 80's - too much emphasis has been placed of stock values and now they are sucking on the monetary system as well. Report this Post to the Staff
larsdog Pillar of the Community United States 593 Posts	Posted 05/28/2013 01:31 am BIG NEWS! I have seen the first canary in the mine die! I was driving back from a rafting trip in North Carolina and saw a Gold/Silver store with a "Going Out of Business" sign! This could be an anomaly, but if I see a few more then I will know we are reaching the bottom. It's the same as the 1980's. It started with stores opening all over with signs screaming "Sell your Gold and Silver Here!". That is a sign it's time to HOLD. A year or two later the airwaves are FLOODED with "Buy Gold NOW (and get free silver)" advertisements which means it's time to SELL. Then all of those Gold/Silver shops go out of business because the volatility in the markets goes elsewhere and the price settles. THEN is the time to BUY small amounts each year until the next bubble. That's how to MAKE money in the PM markets. Keep what you think you need for a real meltdown, but if things get really bad, lead will be more precious than gold. Report this Post to the Staff
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