Options
OMG Metals are going up FAST today!!
ChrisRx
Posts: 5,619 ✭✭✭✭
YIKES Just hit the refresh button and BAM!
0
Comments
To support LordM's European Trip, click here!
Doesn't surprise me a bit.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Nah it's all in your mind. You know gold is "dead money", theump told us so in his blog. >>
Check out crude too. All of it is related to the falling dollar, not some silly IMF announcement.
<< <i>Ah yes... cash-in time is getting closer... Cheers, RickO >>
I guess I don't understand?
Why cash in for cheap dollars?
The name is LEE!
<< <i>Ah yes... cash-in time is getting closer... Cheers, RickO >>
I believe you've said $1000 was your goal. I would reevaluate that. I'm sure a lot of people will sell at $1000 and there will likely be some resistence there. But I don't see anything to keep gold from going higher at this point. --Jerry
<< <i>I guess I don't understand?
Why cash in for cheap dollars? >>
Because when the PM market goes back down, you'll get even fewer cheap dollars out of them.
Remember what happened to PMs back in 1979/80.
60 years into this hobby and I'm still working on my Lincoln set!
Steve
<< <i>The bearish sentiment is still strong indicating this leg has quite a bit more room to go. >>
Everybody's selling. Nobody's buying. This is a prescription for far higher prices.
<< <i>Everybody's selling. Nobody's buying. This is a prescription for far higher prices. >>
Am I missing something? I always thought lots of sellers and no buyers meant falling prices.
<< <i>
<< <i>Everybody's selling. Nobody's buying. This is a prescription for far higher prices. >>
Am I missing something? I always thought lots of sellers and no buyers meant falling prices. >>
Usually markets peak when the last person wants in on the action. Usually everybody's buying by then.
<< <i>Everybody's selling. Nobody's buying. This is a prescription for far higher prices. >>
For every seller, there must be a buyer. Otherwise there are no sellers.
60 years into this hobby and I'm still working on my Lincoln set!
just completed 3d tour to Iraq and retired after 28+ years in the US Army
<< <i>Everybody's selling. Nobody's buying. This is a prescription for far higher prices. >>
I think you are confused ... if nobody was buying, the price would drop like a rock.
<< <i>I'll be selling some today. These prices are cwazy! >>
No one can predict when the bubble will burst & it will burst eventually. Time to cash in some gains and keep some on hand for potential future appreciation. At these levels, I've stopped buying bullion.
RJ
Gold may be doing nothing for a while....due to the impending IMF sales.
Give me more of that nothing!
roadrunner
Anyone want to buy some pr70 buffaloes?
To bad the gold spot does not seem to effect the premium on these.
<< <i>Anyone notice that the price of nickel is waking up again? >>
Wow!
I hadn't noticed it's up 7% today.
This is great news since this is probably the best concurrent indicator of the health of the world economy at the current time.
<< <i>I think I will wait for $5 silver before buying.
<< <i>
<< <i>I think I will wait for $5 silver before buying.
I think I would be happy with $10-12.
<< <i>
<< <i>I guess I don't understand?
Why cash in for cheap dollars? >>
Because when the PM market goes back down, you'll get even fewer cheap dollars out of them.
Remember what happened to PMs back in 1979/80. >>
That era was completely artificial.
People who want to look at that situation as a gauge for our current position are fooling themselves.
This bull has got several years left in it and very strong legs as well.
Remember, world production is way down with no indicators that it's going to improve for at least a few years.
Sell if you want, nothing wrong in taking some profit, but many are still buying, including myself.
I do have a point where I intend to move roughly 1/3rd of my holdings, but we aren't anywhere near those numbers yet.
There's also the notion of what to do with those fiat dollars when the time comes.
It's a good problem to have, no complaints from me on that account.
Still, I think it would be a little short sighted to sell now or anytime in the next few years.
Unless you need the money to live on, of course.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>That era was completely artificial. >>
And today's market is not?
60 years into this hobby and I'm still working on my Lincoln set!
<< <i>
<< <i>That era was completely artificial. >>
And today's market is not? >>
No. This is structural.
We're paying for the spending of Congress since 1980. We're paying for the net deterioration
of the infrastructure and institutions. We're paying for the inflation which has been artificially
supressed through monetary policy. We're paying for the war in Iraq. We're paying for the trillions
of dollars artificially sucked out of the economy by bankers and businessmen paid to bankrupt
companies and send jobs overseas.
Next we'll be paying for the plant and equipment to make products in this country again.
We're going to be paying a heavy price for a long time.
Do some reading on the Weimar Inflation (On wikipedia). It will open your eyes. The dollar is falling off a cliff and tangibles are your only protection.