Serious Damage Done to Precious Metal | Page 2 | TigerDroppings.com
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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Serious Damage Done to Precious Metal

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


OnTheBrink
Alabama Fan
TN
Member since Mar 2012
4601 posts

re: Serious Damage Done to Precious Metal
quote:

And I'll be there to capitalize on their misery


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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Serious Damage Done to Precious Metal
quote:

Gold down $115/oz & silver down $3.30oz (12%) this morning.





Gold down $159, Silver down $3.89


OnTheBrink
Alabama Fan
TN
Member since Mar 2012
4601 posts

re: Serious Damage Done to Precious Metal
SLW is starting to look very, very attractive! Down to $24.54 in the pre market.


Lsut81
USA Fan
Member since Jun 2005
66073 posts

re: Serious Damage Done to Precious Metal
PM's are taking a bloodbath this morning... How low can they go?


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Serious Damage Done to Precious Metal
Thing about PM's is that historically, when they go down, they stay down for A LOOOOOOOOOOOOONG TIME.



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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Serious Damage Done to Precious Metal
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.


CoolHand
USA Fan
Member since Dec 2011
1482 posts

re: Serious Damage Done to Precious Metal
There is going to be a bunch of
"I told you so" going around today.


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Serious Damage Done to Precious Metal
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.


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7610 posts

re: Serious Damage Done to Precious Metal
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.


WildTchoupitoulas
RA:18h 49m 59.0s, dec:-8° 33' 55.3"
Member since Jan 2010
18890 posts

re: Serious Damage Done to Precious Metal
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.


joshnorris14
Florida Fan
Florida
Member since Jan 2009
21480 posts

re: Serious Damage Done to Precious Metal
InB4bitcoinunaffected


LSURussian
LSU Fan
Member since Feb 2005
85157 posts

re: Serious Damage Done to Precious Metal
quote:

InB4bitcoinunaffected



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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Serious Damage Done to Precious Metal


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7610 posts

re: Serious Damage Done to Precious Metal
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


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LSURussian
LSU Fan
Member since Feb 2005
85157 posts

re: Serious Damage Done to Precious Metal
quote:

InB4bitcoinunaffected

You never replied to my 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.


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Fat Bastard
LA-Lafayette Fan
Paradise
Member since Mar 2009
18873 posts

re: Serious Damage Done to Precious Metal


Reubaltaich
USA Fan
A nation under duress
Member since Jun 2006
2975 posts
Online

re: Serious Damage Done to Precious Metal
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.


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
26975 posts

re: Serious Damage Done to Precious Metal
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.


Lsut81
USA Fan
Member since Jun 2005
66073 posts

re: Serious Damage Done to Precious Metal
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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