Nice gold bounce today - UPDATED largest one day Dollar bounce EVER.
rgCoinGuy
Posts: 7,478 ✭
Up 37 as of the time of this post to 815.
Quid pro quo. Yes or no? 0
rgCoinGuy
Posts: 7,478 ✭
Up 37 as of the time of this post to 815.
Quid pro quo. Yes or no?
Comments
I bet the physical supply of silver will still be scarce for a while.
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
lets see how long it can keep the trend up.
I knew it would happen.
<< <i>Volatility is the order of the day. My interpretation is that people don't know which way to turn to keep their money safe. >>
Probably right, but silver is moving up as well. At least they have actual value, I don't think people know which paper will be firestarter next.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
No market is much fun right now, and the question is which assets will win out in the end. I have no doubts about the end result of this mess.
If paper goes to $0.10 on the dollar, and pms go to $0.30 on the dollar, guess which is the better hold?
Conversely, the bailouts seem to have no end in sight. That "money" is coming from somewhere, and it's not hard to figure out where. That being the case, and even stronger argument for gold and silver can be made.
I knew it would happen.
If you had purchased $1000.00 of Nortel stock one year ago, it would
now be worth $49.00.
With Enron, you would have had $16.50 left of the original $1000.00.
With WorldCom, you would have had less than $5.00 left.
If you had purchased $1000 of Delta Air Lines stock you would have
$49.00 left
If you had purchased United Airlines you would have nothing left.
But, if you had purchased $1,000.00 worth of beer one year ago, drank
all the beer, then turned in the cans for the aluminum recycling
REFUND, You would have had $214.00.
Based on the above, the best current investment advice is to drink
heavily and recycle.
It's called the 401-Keg Plan
<< <i>I've already gave my full proof advice, now listen!
If you had purchased $1000.00 of Nortel stock one year ago, it would
now be worth $49.00.
With Enron, you would have had $16.50 left of the original $1000.00.
With WorldCom, you would have had less than $5.00 left.
If you had purchased $1000 of Delta Air Lines stock you would have
$49.00 left
If you had purchased United Airlines you would have nothing left.
But, if you had purchased $1,000.00 worth of beer one year ago, drank
all the beer, then turned in the cans for the aluminum recycling
REFUND, You would have had $214.00.
Based on the above, the best current investment advice is to drink
heavily and recycle.
It's called the 401-Keg Plan >>
I think you meant "fool-proof", but it's certainly imaginative and the logic is impossible to argue with.
How much will that liver transplant cost?
Probably should factor that in as well.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>No I'm full from drinking all that beer to jack up my investment.
It certainly looks like the end of the world from the view in my front yard. I think my fences are somewhere up near Ohio by now. At least wood was rising there for a while. It was rocketing skyward Friday night and Saturday morning!
I gave up the beer years ago and there isn't much value in empty bottles of Boodles and lime rinds.
Still, your idea has promise, several of my stock buddies drink beer. I'll pass it along to them.
I have a feeling they are full these days as well.
Now if we only had phones.............. I'd give them a call.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I knew it would happen.
Yes, this was quite apparent in your posts of the past few days. John Nadler was also predicting a $65 jump.
roadrunner
<< <i>Deadhorse, I'm glad to see that you are back and kicking. You're description of Houston doesn't sound good. Stay safe. >>
There is a media blackout, that's why the rest of the nation doesn't know.
Our Mayor is planning a run for Governor as he is term limited and he thinks this is his best play. You ought to hear the screaming from national reporters at the press conferences, they run them live every 3-4 hours. Never heard anything like it! He's being compared to Mussolini!!
All our major local TV is still 24-7 disaster recovery and reports on the next FEMA trucks arriving.
FEMA blew it too, now there's a shocker for you.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i> to be expected after such a drop and the news lately....lets see how long it can keep the trend up.
Yes, this was quite apparent in your posts of the past few days. John Nadler was also predicting a $65 jump.
roadrunner >>
what is the beef? it drops a lot over the last few weeks and of course it will go up again
SHORT TERM.
I still think it was over priced at 1000 while you were claiming 1200... just basically
parroting the websites you read.
On the other hand, i sold what I had and am able to buy it back cheaper then i sold.
actions speak louder then words.
WOWZA
definately a refreshing change from the constant downware spiral the metals have seen recentl. I wonder if it will continue though.
<< <i>nice boost for silver too! I'm on apmex and their chart shows plat and palladium also up.
I bet the physical supply of silver will still be scarce for a while. >>
Even more scarce with this small boost and I'm betting it will be for quite a while yet, well into next year at the least.
Possibly much longer. Investment silver is a very small part of a shrinking commodity.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Largest dollar one day jump ever for gold
parroting the websites you read.
Find me the threads where I personally predicted $1200 this year. Certainly I will put forth the thoughts of writers who have far more experience than my self. Some of them were claiming $1200...others calling for a correction....others inbetween. I take the best thoughts of the bulls and bears and make a choice. Never proclaimed myself a guru or a leader. This site is a source of information for everyone to critique and then make a decision. This current move up took me by surprise, and probably most everyone else except Goldman and JPM. So to wait for gold strength to stabilize for days in the $790-$810 didn't happen....yet. The gold bull has found a way to keep people off it's back even when going up. Since you don't apparently read anyone else's work while some of us have to, therefore whatever you post must be original analysis. I'm just a "parrot" who's been here for 4-1/2 years following what appears to be a long term trend. There are worse things to be. I don't mind reading other people's works...actually enjoy it. If I hadn't read anyone else I'd still know nothing more than I did in Sept 2002 when I bought my first $20 Libs/Saints in many years. Very few people on the forum actually go out and read anything pro-gold. I don't mind making it easier for them to find it. Whether they read it or just drink Wall Street kool-aid is up to them.
On the other hand, i sold what I had and am able to buy it back cheaper then i sold.
When are you buying back in....and at what levels? What's next for gold...up....down....consolidate from here? Fresh, original analysis is always desired. We can't get enough of it.
roadrunner
<< <i> still think it was over priced at 1000 while you were claiming 1200... just basically
parroting the websites you read.
Find me the threads where I personally predicted $1200 this year. Certainly I will put forth the thoughts of writers who have far more experience than my self. Some of them were claiming $1200...others calling for a correction....others inbetween. I take the best thoughts of the bulls and bears and make a choice. Never proclaimed myself a guru or a leader. This site is a source of information for everyone to critique and then make a decision. This current move up took me by surprise, and probably most everyone else except Goldman and JPM. So to wait for gold strength to stabilize for days in the $790-$810 didn't happen....yet. The gold bull has found a way to keep people off it's back even when going up.
On the other hand, i sold what I had and am able to buy it back cheaper then i sold.
When are you buying back in....and at what levels?
roadrunner >>
i am going about PMs in a different way. I have noticed the only
people making sure money every day of the week with PMs are
the middlemen. What do they care of the price of gold or silver if
the premiums are high enough to make some money off the metals?
I joked with my possible buyer a few days ago knowing my luck
that before we make the deal silver will spike. After I wrote that to
him i had a thought... what do i care if it spikes? My potential buyers
will just be in a frenzy and want to pay more for it. Either way I win
if it goes up and up while I am selling. Of course I cannot buy as much
due to my limitation on funds to play with but the opportunity to
flip the metal right now is perfect.
Buy 200 ounces, flip, make a few hundred dollars. Repeat as often
as you can. As long as people are willing to pay 3 dollar premiums per oz
on silver I smell an opportunity and really do not care about the
metal price. Even if silver goes down a few dollars while I am holding
I can still break even.
All of this assumes a steady supply of silver which is the challenge
I am investigating right now.
<< <i>All of this assumes a steady supply of silver which is the challenge
I am investigating right now. >>
You don't really have to worry about that.
Not with the amounts you are looking for.
I see several hundred ounces a week in various forms.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff