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 Replies: 97 / Views: 8,887 |
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Pillar of the Community
United States
931 Posts |
The commodities guy from Fox was so happy to see the metals take a beating it was just unbelievable. He was absolutely exuberant. He got a little carried away and claimed that gold had lost all of its gains for the year. I guess he was so excited that he forgot about gold opening the year around $1400. The business press absolutely hates silver and gold. At least they will sleep better tonight knowing that the barbaric metals have been put in their place. I think that if gold and silver can go down this fast we may well see a $5 day up for silver and a $100 day for gold.
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Pillar of the Community
Australia
7096 Posts |
I'm hoping to see silver below $30, It will be a great time to buy a few kg's.
Sure at that price our silver hoards will be worth less.
But ONLY IF YOU SELL.
I intend to buy as much bullion as I can afford on this dip.
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Valued Member
United States
315 Posts |
I was looking for $32, by Friday. I stated that in another thread. But, I don't think it will make it that low. I have been wanting to make some purchases of physical to hold.
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Pillar of the Community
United States
2764 Posts |
Platinum is falling below gold. It's % of change is higher than gold. May be a good time to switch from gold paper/share to platinum paper/share (for those of you day trader).
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Valued Member
United States
450 Posts |
Hey MKFARM,
Whatever happened to those better date Walkers you were telling us about ?
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Rest in Peace
United States
9104 Posts |
Gas was 10-15¢ cheaper today, after weeks of little to no change.
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Pillar of the Community
United States
4867 Posts |
As of this posting, silver is down to $32.96/oz. It's sure dropping like a rock! Still will be tough to find on ebay that cheap! |
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Pillar of the Community
Mexico
1304 Posts |
But is that going to stop any of us from trying?  |
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Valued Member
United States
458 Posts |
Look for those deals guys! Itll go higher next Monday when everything balances out! Seeing this dip makes me excited, since most of my Silver was given to me by my grandfather. Been waiting for an opportunity like this one!
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Pillar of the Community
United States
2424 Posts |
well, the right now electronically, its $32ish
i agree and disagree that it will contiune to drop.
i do see the dollar getting stronger. but this week with all the politics, the FED, GREECE, EURO banks..
part of the reason for PMS going so low is b/c people moved so much of their portfolio into PMS than when the markets dipped, so did the their PM stocks.
another thing, this makes perfect sense for the hedgefunders to buy back up on it.. I think we could see it going right back up again.. these dips make it easy for people to make millions of these transactions.
not gonna lie, I have been thinking about buying more silver. it is tempting when you see it dip as much as 10%
i think in the near future, with the election and the economy/jobs coming to a point we will start to see new policies and with a new president, things MIGHT get better for the DOLLAR
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Valued Member
United States
458 Posts |
Lol my silver was given to me, so I havent lost anything. This is a great chance to build up on more Silver (and Gold if youve got that cash...).
Also, I am sure that the bigger fish are buying more than those big fish are selling. They, unlike you, have intelligence about these types of situations.
As for what you should invest in...I suggest a book. Reading makes you smarter :)
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Pillar of the Community
United States
2120 Posts |
No can claim to know what will happen for sure. But what I've seen, time and time again.. is sharp movements are followed by sharp corrections. And you can't really compare now to 1980... that's two completely different scenarios and reasons. I think for this dip it was a combination of the timing of Investors selling interests, the fact it started on a Thursday, and that everyone is ticked scarred about any drop. They see a quick drop, they figure "the bubble popped" and get out. All the while the people that see the reason it went up in the first place see it hasn't changed, and gladly buy at artificially low price points. As always, if you're in PMs for long positions, you can't get caught up in the day to day trading, you'll lose your mind. Not to mention, no one should have everything they have saved in one place. @Jackofdonna, good for you for sticking up for the other side of the argument. Need more people saying things like this to at least keep the ideas in the heads of the Bulls.  |
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Valued Member
United States
458 Posts |
Yes, I'm glad someone is around to have a good debate with! I'm in this for the next 40 years, so I think its safe to say that I should buy low.. (NOW)
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Valued Member
United States
493 Posts |
The market has been like a ripsaw and metals are taking a ride as well.
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Valued Member
United States
315 Posts |
I think it is possible that over the next month we could see oil trade back to the $60 to $68 range, maybe settle around $65. I just looked at the PM spot market 3 hrs and 20 min left, Silver bid at $30.63. I have been wanting to add physical on a big dip and this seems like a good time to add a little. I think we could see some pricing in the mid $20, maybe lower, that would be triggered by another panic sell like today. I thought I saw some larger volume buys as soon as the price touched under $30. So that may keep it from going to a point where I could average down.
I want to keep adding, but this price point is about $10 to $12 higher than my average. I may stay on the sideline and see if more panic drives it down to a level where I can lower my average. I will be kicking myself on Monday when it is $38. What are you all thinking? Add or wait?
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Replies: 97 / Views: 8,887 |
First Page
Posted 09/22/2011 5:34 pm
