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 Replies: 97 / Views: 8,882 |
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Pillar of the Community
United States
1817 Posts |
Biggest drop I've seen this year, right about $36.54 oz as of this instant. Bulls should be rushing in later today I expect. Buy, buy, buy...
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Pillar of the Community
United States
3294 Posts |
Markets are down heavily too.
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Pillar of the Community
United States
797 Posts |
wow, quite a drop. Actually glad to see it because I am still working on my Franklin set, makes it a little cheaper.
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Pillar of the Community
United States
2049 Posts |
Good deal...I bought a couple ounces yesterday lol.
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Pillar of the Community
United States
3345 Posts |
Good and bad for me.
I want to buy some common date mercs for my collection so the drop makes them cheaper, but I also am trying to sell a roll of 40%ers and this means I wont get as much for them.
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Pillar of the Community
United States
931 Posts |
I just read a report that stated part of the fall in precious metals is indirect. A lot of mutual funds have a PM component mixed in with the stocks. As people are bailing out of thoses funds the PM's have to be sold along with the stocks. I'm sure that this isn't the main portion that is pulling back, but it is a factor. There are also margin calls as well as simply people getting out of all investments and moving to cash as the dollar goes up.
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Pillar of the Community
Canada
834 Posts |
I see it being a bear market until Fridays close, I can see sub 35$ silver and below $1700 for gold... Wait till close Friday and buy buy buy over the weekend. This stronger US dollar is also a great time for you yanks to buy some colorful Canadian $$$. Gold here is Canada is down $9 to just under 1800$
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Pillar of the Community
United States
931 Posts |
I'm trying to buy a lot of Canadian Dollars. Your Dollar should be about $1.25 US.
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Pillar of the Community
United States
667 Posts |
I see it as good news and no hurt on my holdings at all. I would not mind a even larger fall though I can't say if it will do that or head back above $40. I have keep everything balanced in many different types of markets. Swings even large ones are to be expected, part of the reason I caution on buying PM with credit. I will ride this swing like I did when it was going up and never look back on what I did yesterday.  I made some money on the highs so what is there to worry about. Personally I would love to see $20's again in the silver market but I can't say for sure that would happen. Since I have time on my side I am sure we will go through many swings. Now if I was 65 I would have a far different outlook on what I call the swings in the Pm market. Though I am sure Joe will be around to say how he has predicted the great fall in the PM market.  Lets see where it ends up by the end of the year and I will have a better feel myself. |
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Pillar of the Community
Canada
1502 Posts |
Hahaha, been looking around on the forum for Joements (Joe's comments) since reading of the dip in prices. Was surprise he's not out yet
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Valued Member
United States
228 Posts |
I'm in agreement poboxw - I've checked in twice today just looking for Joe!  |
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Pillar of the Community
United States
830 Posts |
I just took profits on my SLV put options. Still holding all my long silver positions. Looking to buy more SLV call options soon.
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Pillar of the Community
United States
2120 Posts |
I know I'm leaving work early to go buy. thats for sure. Once the asian markets open up, it should recover. Quote:
Biggest drop I've seen this year, You should check out April to May prices. |
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Pillar of the Community
United States
3670 Posts |
He is probably putting together a silver collapse party, and will strike when we least expect it! Like a troll preying on its victims late at night (They should have trusted there noses), when they get too close to the dark under section of that old run down bridge on the backside of town.....
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Pillar of the Community
United States
4778 Posts |
Good thing I sold some on Sunday. |
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Pillar of the Community
United States
619 Posts |
I sold all my 40% last week, and was wondering if I sold at the right time. I thought I was out of money for the month, but my wife just got a bonus. ebay, here I come! |
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Replies: 97 / Views: 8,882 |
Posted 09/22/2011 10:12 am
