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Started By
Message
re: Serious Damage Done to Precious Metal
Posted on 4/15/13 at 7:17 am to LSU0358
Posted on 4/15/13 at 7:17 am to LSU0358
quote:
Over the coming weeks all of the physical holders that are average joe's will have to sell at steep discounts compared to the spot prices.
And I'll be there to capitalize on their misery
1
Posted on 4/15/13 at 7:19 am to Vols&Shaft83
quote:
And I'll be there to capitalize on their misery
Posted on 4/15/13 at 7:19 am to LSURussian
quote:
Gold down $115/oz & silver down $3.30oz (12%) this morning.
Gold down $159, Silver down $3.89
Posted on 4/15/13 at 7:23 am to Vols&Shaft83
SLW is starting to look very, very attractive! Down to $24.54 in the pre market.
Posted on 4/15/13 at 7:28 am to OnTheBrink
PM's are taking a bloodbath this morning... How low can they go?
Posted on 4/15/13 at 7:32 am to Lsut81
Thing about PM's is that historically, when they go down, they stay down for A LOOOOOOOOOOOOONG TIME.
Posted on 4/15/13 at 8:01 am to OnTheBrink
quote:
SLW is starting to look very, very attractive! Down to $24.54 in the pre market.
My friend and I have a wager going, he bought DZZ and ZSL last March, I abstained because I don't like inverse ETFs and instead I bought Sprint ( Picture my endzone dance,
)he's gonna be cashing in big time in a couple of weeks. It'll be interesting to see which one of us profited the most.
Posted on 4/15/13 at 8:23 am to Vols&Shaft83
There is going to be a bunch of
"I told you so" going around today.
"I told you so" going around today.
Posted on 4/15/13 at 8:26 am to CoolHand
quote:
There is going to be a bunch of
"I told you so" going around today.
People who invest based on radio and television commercials get what they deserve.
Posted on 4/15/13 at 9:46 am to Vols&Shaft83
quote:
People who invest based on radio and television commercials get what they deserve.
I doubled up on metals and i bet I do it again in the next 10 years.
Right now the run is in market, so i'll run with it.
And no, i never get in at bottom and never get out at top.
Posted on 4/15/13 at 10:07 am to ItNeverRains
quote:
I doubled up on metals and i bet I do it again in the next 10 years. Right now the run is in market, so i'll run with it. And no, i never get in at bottom and never get out at top.
This. In the last year and a half I've shied away from gold and silver and gone to lead and bronze (ammo). Now that ammo is high and gold is coming down, looks like another opportunity to go back to buying gold - although with the ratio near 60:1, silver is looking more like what to buy.
Curiously I have seen nowhere anyone reporting the sale of Cyprus gold having any downward pressure on price. Mostly I've seen reports of short selling paper. It seems there's a LOT of paper movemnet, but not much movement in physical metals.
Posted on 4/15/13 at 10:13 am to WildTchoupitoulas
InB4bitcoinunaffected
Posted on 4/15/13 at 10:28 am to joshnorris14
quote:
InB4bitcoinunaffected
Posted on 4/15/13 at 10:50 am to joshnorris14
quote:
InB4bitcoinunaffected
Posted on 4/15/13 at 11:05 am to WildTchoupitoulas
quote:
although with the ratio near 60:1, silver is looking more like what
I agree, silver is smarter play, although im riding market train for unforseeable future.
Either way gold is not in play until that ratio comes down in 50's
Posted on 4/15/13 at 4:07 pm to joshnorris14
quote:You never replied to my
InB4bitcoinunaffected
so I can only assume you think the price of btc is somehow linked to the price of gold. I don't agree with you just from observation today.
Gold was down only about 10% today while btc is down another 20% on the day.
Therefore there is obviously no linkage between the two.
Posted on 4/15/13 at 5:16 pm to Vols&Shaft83
Posted on 5/1/13 at 5:37 pm to Fat Bastard
As of May 1, 2013 silver is at $23.74/oz
Gold is at $1461.00/oz
Is the bottom for PMs?
Its been hanging around these price ranges for a while.
Gold is at $1461.00/oz
Is the bottom for PMs?
Its been hanging around these price ranges for a while.
Posted on 5/1/13 at 6:40 pm to Reubaltaich
If it's a bottom, it's a false bottom. There's still a lot of fear going around, plus the Gold advertising doubled right after the mini crash, which usually means dealers are ggetting nervous and trying to artificially keep the price high so they offload before the real crash.
Posted on 5/1/13 at 6:53 pm to Vols&Shaft83
quote:
If it's a bottom, it's a false bottom. There's still a lot of fear going around, plus the Gold advertising doubled right after the mini crash, which usually means dealers are ggetting nervous and trying to artificially keep the price high so they offload before the real crash.
I'm considering unloading a bit of my gold and silver when the prices get back up to a decent level...
Maybe $1600 and $32
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