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 Replies: 58 / Views: 4,023 |
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Valued Member
United States
381 Posts |
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Pillar of the Community
United States
2002 Posts |
Oh no the sky is falling for PMs. Worrying about the day-to-day or week-to-week swings in the metal prices is a complete waste of time and energy.
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Valued Member
 United States
381 Posts |
Quote:
Oh no the sky is falling for PMs. Worrying about the day-to-day or week-to-week swings in the metal prices is a complete waste of time and energy. I dont "worry" about things I have no control over. Like the price of gold for instance. What I do find interesting is how the markets react to geo-political and socio-economic news and trends. I never payed much attention to it in my life because I was always chasing the dollar to support a family but now I have the time to do so and the worlds economic engines are very sensitive to events and trends I have found.
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Moderator
 United States
164026 Posts |
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Worrying about the day-to-day or week-to-week ... a complete waste of time and energy. Not if you know what you are doing.  I do not, so have always played my investments for the long term. 
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Pillar of the Community
United States
1865 Posts |
Market up/down swings are normal. 5-10% swings do not bother me as a stacker. When I want to buy, I wait for a dip. When markets crash 20-50%+ as they sometimes do, that gets peoples attention.
Brokers, traders can make/lose money with less than 1% swings, buying selling high volumes. I have a nephew who is a day trader out of his home. He's done it for about fifteen years. He only watches about 50 stocks he's familiar with, mostly tech stocks. He makes a good living trading multiple times a day. For Christmas he bought a new 2024 pickup, gave it to his mom. But I would not recommend day trading unless you KNOW WHAT YOU ARE DOING.
Edited by livingwater
05/12/2025 09:52 am
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Valued Member
United States
381 Posts |
Well I have no idea what I'm doing and admit so honestly in order to horde what wealth I have. I have deferred accounts that have done very well over time, banking money, own a house, a few bucks saved away, and now some metal.
Ive attained and kept it by admitting I know squat. I simply find this bullion and collectors world very fascinating and a good hobby as I gear up for my last at bat in the bottom of the 9'th with two outs.
But one thing I do have is I learn. Even so it would be nice to know more about investing.
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Pillar of the Community
United States
2002 Posts |
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Not if you know what you are doing. Fair point, however, those that are stacking physical metals are the types that are holding long-term. Looking at and commenting about every little swing up or down that is part of the normal ups and downs is frankly a waste of energy IMO. I've seen people do that on PM specific forums. I usually only look if I am planning on buying to make sure it's a fair deal or at the beginning of the month when I review my financials.
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Moderator
United States
164026 Posts |
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Fair point, however, those that are stacking physical metals are the types that are holding long-term.  Quote:
I usually only look if I am planning on buying to make sure it's a fair deal or at the beginning of the month when I review my financials. 
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Pillar of the Community
United States
3257 Posts |
I don't know that I ever had a plan. The whole thing just sort of grew over many years. There is always another opportunity.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Pillar of the Community
United States
2002 Posts |
I set stacking goals for long-term and for yearly purchases. If spot price happens to be lower and I can acquire above and beyond the annual goal, I won't pass up on that opportunity. Generally, I follow a dollar cost averaging model. It's fun watching the stack grow over time.
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Pillar of the Community
United States
2231 Posts |
Price slipped because of the US/China tariff news but if you look at a 1 month chart of the GLD, its exactly where it was 1 month ago. -5.2% in 1 week isn't anything we've not experienced prior.
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Pillar of the Community
United States
3926 Posts |
Is 3% down really considered a "nose dive"? If it fell another % or two would you run for the fallout bunker?
Edited to add: I'd consider a 30% drop to be a correction.
Edited by rmpsrpms
05/12/2025 11:53 am
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Moderator
United States
164026 Posts |
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I'd consider a 30% drop to be a correction. 
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Valued Member
Canada
121 Posts |
No chart ever goes strait up. It was inevitable when any kind of trade deal was announced stocks would go up huge and gold would drop. I am quite happy with the little drop gold did ,setting itself up for another run in my opinion. In my stocks I am back to my old highs with gold at 3,200 I am very happy .
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Pillar of the Community
United States
1865 Posts |
It's not just the economy and news that affects metals prices. The big bank traders can move prices up/down with paper trading many thousands of ounces. In 2020 J P Morgan was fined $920 million for metals market manipulation, several of their brokers were convicted.
Then again in 2024 J P Morgan was fined $348 million for improper trade record keeping.
I my opinon market manipulation trading happens more often in the big banks than they are caught doing it.
Edited by livingwater
05/13/2025 07:49 am
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Valued Member
United States
381 Posts |
Quote:
Is 3% down really considered a "nose dive"? If it fell another % or two would you run for the fallout bunker?
Edited to add: I'd consider a 30% drop to be a correction. Not so much the amount but the suddenness that equate the "dive". And yes, of course, its the moves by big banks and nations that are the ones who mostly impact prices but its also the world news and situations that often make them do so. And then there are the manipulators like you mention. Tho those are less common I think. Without going into Politics, and avoiding discussing same, there are recent moves in the world that would have caused stability in the markets. Trade tariff truce news, cease fire and peace talks, the surprising resilience of the American economy. All this caused a rally in the markets even if eventually it pulled back some. Maybe I just wasn't paying attention but I never remember gold being mentioned so much as a measure for the economic well being of a country.
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Replies: 58 / Views: 4,023 |
Posted 05/12/2025 08:16 am
