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It's going the wrong way!

WeissWeiss Posts: 9,941 ✭✭✭✭✭
in Precious Metals
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We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame

Comments

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    there goes my hopes of retiring young imageimage
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • CladiatorCladiator Posts: 18,050 ✭✭✭✭✭
    Bummer, I was gonna do some profit taking when it hit $17. Oh well, have to wait a bit longer I guess.
  • OPAOPA Posts: 17,124 ✭✭✭✭✭
    Do the opposite of what the majority is doing.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    It's not the wrong way if you were expecting a pull back. Gold double touched $990 and silver hit some heavy resistance at $16.16 that started things tumbling. The $16 mark was the last strong resistance point last time around on the way to $21. It also was strong support after the fall from $21 and bounced off it a couple of times. This is our first time back to $16 since last summer.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BBQnBLUESBBQnBLUES Posts: 1,803 ✭
    Come on Lucky $13... I needs to buy me some mo XF Morgans for my stash image
  • GTOsterGTOster Posts: 862 ✭✭✭
    It's going the right way
    just came into $600.00 selling off the scrap copper and alum
    What to buy what to buy image
    Paul
    My E-Bay Auctions
    image
  • carscars Posts: 1,904
    Bump image
    Its all relative
  • MoneyLAMoneyLA Posts: 1,825 ✭
    Question: at what point do you say it is profit taking, and at what point do you call it a "rally failure" ??
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • clouisejewelersclouisejewelers Posts: 329 ✭✭


    << <i>Question: at what point do you say it is profit taking, and at what point do you call it a "rally failure" ?? >>



    We're just like the stock market bulls. A drop in the DOW, NASDAQ, S&P is always profit taking. You should always buy more if the price drops. But if the price rises, that is bullish and you should always buy or risk being left in the dust as it will rally ever onward and upward.
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>and at what point do you call it a "rally failure" ?? >>



    Did you mean to say: "correction" instead of "rally failure" ..... sounds so much nicer. image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MoneyLAMoneyLA Posts: 1,825 ✭
    sometimes you "gold guys" sound like "realtors."

    realtors always say its time to buy. when prices go down... buy, it's a bargain. when prices go up... buy because they are going higher.

    You guys should be into real estate too.
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • clouisejewelersclouisejewelers Posts: 329 ✭✭


    << <i>sometimes you "gold guys" sound like "realtors."

    realtors always say its time to buy. when prices go down... buy, it's a bargain. when prices go up... buy because they are going higher.

    You guys should be into real estate too. >>



    That was the point I was trying to make. It's ridiculous to say this about any asset class.
  • Coll3ctorColl3ctor Posts: 3,339 ✭✭✭
    It was a good run for silver, can't go up every day image
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