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Sell Gold!

mrearlygoldmrearlygold Posts: 17,858 ✭✭✭
in U.S. Coin Forum
I restocked bullion today and almost as soon as the word "deal" was said, the market dropped 10 bucks.

Grrrrrr

Coin's for sale/trade.


Tom Pilitowski
US Rare Coin Investments
800-624-1870

Comments

  • FoundingFatherFoundingFather Posts: 721
    In my opinion, gold should be a part of an overall comprehensive long-term portfolio!
    24HourForums.com - load images, create albums, place ads, talk coins, enjoy the community.
  • 500Bay500Bay Posts: 1,107 ✭✭✭
    I sold a little more two weeks ago - I'm glad I did.

    I wish we'd get a bounce again to dump my last 10 ounces.
    Finem Respice
  • MrKelsoMrKelso Posts: 2,912 ✭✭✭


    << <i>I restocked bullion today and almost as soon as the word "deal" was said, the market dropped 10 bucks.

    Grrrrrr >>



    There was some strenght in the Gold Market this week that was quickly KNOCKED OUT by central bank selling, they have until the 26th under contract to sell there allotment or loose the right this year. For the amount of Gold they have been dumping and driving prices down, someone has been sucking it all up at the lower prices.
    Look for softness until after the 26th. If Gold drops below $550 Jump all over it.

    Keep an eye on Silver, there is money to be made there between now and January.


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • RussRuss Posts: 48,514 ✭✭✭
    I'm sure glad I dumped over $1 million in generic Saints before this most recent slide.

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • BillJonesBillJones Posts: 34,612 ✭✭✭✭✭
    GOOD!

    If this keeps up, I'll be able to satisfy my gold bug sweet tooth for a lot less money.

    With gas prices going down, and people figuring that Iran is not going to be as much of a pain in the butt as they might have seemed (but just you wait!) the gold market has gone bearish.

    I would not want to be buying gold bullion for profit just now.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • RedneckHBRedneckHB Posts: 19,568 ✭✭✭✭✭
    Keep an eye on Silver, there is money to be made there between now and January.

    Short or long?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • robertprrobertpr Posts: 6,862 ✭✭✭


    << <i>I'm sure glad I dumped over $1 million in generic Saints before this most recent slide.

    Russ, NCNE >>



    image
  • RussRuss Posts: 48,514 ✭✭✭
    Laugh away. My '53-S Frankies were up $33,000 today. image

    Russ, NCNE
    eBay consignment sales | | Collectibles from Resco CCC
  • coinkatcoinkat Posts: 23,656 ✭✭✭✭✭
    gold seems to be having a tough time... the chart does not look good.

    Experience the World through Numismatics...it's more than you can imagine.

  • drjulesdrjules Posts: 1,683
    Looks fine if you are waiting to buy

    Dr J
    Place holder for when I move some stuff via ebay, don't look just yet

    My omnicoin collection (or how my coin photography has progressed)
  • CaptHenwayCaptHenway Posts: 32,558 ✭✭✭✭✭
    We sold a fair amount at retail today after gold slipped under $580.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • OuthaulOuthaul Posts: 7,440 ✭✭✭✭✭
    Good! If it keeps on dropping I'll finally be able to buy a $10 Indian and $20 Saint pocketpiece.

    Cheers,

    Bob
  • ANACONDAANACONDA Posts: 4,692 ✭
    I just bought some so it should continue to fall.....
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,477 ✭✭✭✭✭
    I cannot sell my gold til I get rid of my brown wheaties image
  • MrKelsoMrKelso Posts: 2,912 ✭✭✭
    I am buying as many Last Strikes as i can Find image

    image


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • CoindexterCoindexter Posts: 1,074


    << <i>I am buying as many Last Strikes as i can Find >>


    Shouldn't be too hard. Just look for big one ounce gold coins with buffalos on them.
  • bidaskbidask Posts: 14,017 ✭✭✭✭✭
    Correlates highly to the movement in oil prices.
    I manage money. I earn money. I save money .
    I give away money. I collect money.
    I don’t love money . I do love the Lord God.




  • TootawlTootawl Posts: 5,877 ✭✭✭


    << <i>I am buying as many Last Strikes as i can Find image

    image >>

    image
    PCGS Currency: HOF 2013, Best Low Ball Set 2009-2014, 2016, 2018. Appreciation Award 2015, Best Showcase 2018, Numerous others.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    I didn't see anything in the charts that would counter that this is anything but a correction in the longer term uptrend. If it breaks well below the 200 day MA then we can start feeling some anxiety.
    This could just be the last wave of sell-offs that occured starting in May. Things go up and then they go down.

    Another $10-$20 and it will be rip-roaring buy.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • FountainheadFountainhead Posts: 956
    It's $23 (3.5%) below the 200 day MA now. What do you call "well below"?
    Salute the automobile: The greatest anti-pollution device in human history!
    (Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
  • LEAP269LEAP269 Posts: 318
    wait for gold to hit 542 then buy it
  • MrKelsoMrKelso Posts: 2,912 ✭✭✭


    << <i>wait for gold to hit 542 then buy it >>



    $550 to $560 and i am all over it with both feet. My only problem is where the heck to put it all. I guess a 3rd safe is in order.image


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • ClausUrchClausUrch Posts: 1,278 ✭
    If it goes through support of 542, it will drop in the 520's.
  • fishcookerfishcooker Posts: 3,446 ✭✭

    It's $23 (3.5%) below the 200 day MA now. What do you call "well below"?

    Stockcharts says the 200MA is $591.90 and current price is $576.80. See the chart and see what you think. I do not see anything there I want to sell. The 50 and 200MA's are not razor sharp when they affect price. It would be better if they were drawn on the chart in crayon.
  • agentjim007agentjim007 Posts: 6,256 ✭
    Some big shot on Squawk Box just explained why gas is going WAY down. I sure am glad I don't own any expensive gold.
  • NewbNewb Posts: 1,401


    << <i>Some big shot on Squawk Box just explained why gas is going WAY down. I sure am glad I don't own any expensive gold. >>



    Hear that? In the Middle East?

    Neither do I.

    It's quiet.

    Too quiet.


    image
  • MrKelsoMrKelso Posts: 2,912 ✭✭✭


    << <i>

    << <i>Some big shot on Squawk Box just explained why gas is going WAY down. I sure am glad I don't own any expensive gold. >>



    Hear that? In the Middle East?

    Neither do I.

    It's quiet.

    Too quiet.


    image >>



    Smoething bad is going to happen and then we will all wish we grabbed gold and silver today.image


    "The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
  • seemyauctionseemyauction Posts: 3,655 ✭
    Its hard to make yourself do it but the time to buy is when the price is dropping..........

    You just have to be able to hold out for the increase........
    imageCoinZip.com

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