The PPT is not worried about platinum....lol.....they are too busy running around today trying to figure out how to close gold under $1000. So far they seem to be losing the battle as gold has already had 5 legs down from $1013. But they are known to be pretty resourceful. I thought the Kitco article on Newmont taking bribes was right up their alley.
GSR today was "correcting" a bit today into the 60 range but it was the kind of pullback I like to see. That is, silver dropping a little and gold still going up. That's a correction I can live with! GSR still hunting in the upper 59's.
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
WELL I WAS RIGHT.
And do I get one compliment? NO.
Do I get one person saying "attaboy"? NO.
But if I went back and said this was a false breakout and a big plunge was coming you'd all climb all over me again, wouldn't you??
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
WELL I WAS RIGHT.
And do I get one compliment? NO.
Do I get one person saying "attaboy"? NO.
But if I went back and said this was a false breakout and a big plunge was coming you'd all climb all over me again, wouldn't you?? >>
First, you weren't the only one to make the observation and point it out on here.
Second... did you buy yet? Didn't think so. Or at least in the past you've said you won't buy until after 1030+, and we're not there yet.
Chart and compare * Dollar hits 2009 low vs euro; single currency breaks $1.47 * Indian gold buyers trickling through, traders say
* Silver, platinum hit multi-month highs as confidence rises
(Updates throughout, changes dateline from TOKYO)
By Jan Harvey
LONDON, Sept 16 (Reuters) - Gold hit 18-month highs on Wednesday as the dollar's slide to 2009 lows versus the euro sparked buying of the metal as an alternative asset, helping lift silver and platinum to multi-month peaks.
The precious metal now has its sights set on a new all-time high above $1,030 an ounce, traders said.
Spot gold rose to a high of $1,017.75 an ounce and was at $1,015.55 an ounce at 0924 GMT against $1,005.90 late in New York on Tuesday.
"(We have) broken through $1,015, so we ought to test the previous highs," said Afshin Nabavi, head of trading at MKS Finance in Geneva. "It is currencies that started the game, but it looks like it is not over yet."
U.S. gold futures for December delivery on the COMEX division of the New York Mercantile Exchange rose $11.40 to $1,017.70 an ounce.
The dollar tumbled to its weakest this year versus the euro, with the single currency breaking $1.47 for the first time since December. The dollar came under pressure as investors moved to notionally higher-risk currencies. [FRX/]
Better-than-expected U.S. retail sales data and a statement from Federal Reserve chairman Ben Bernanke that the U.S. recession was most likely over on Tuesday have boosted interest in assets seen as higher risk. [nLG699234]
World stocks hit 11-month highs on the news, while European shares also rose. [MKTS/GLOB] [.EU]
Currency traders will be closely watching U.S. data due later in the session for fresh clues as to the outlook for the economy, including the August consumer price index and industrial production numbers, and September housing data.
The CPI data at 1230 GMT will also be watched for signs of growing inflation, against which gold can be bought as a hedge.
Citigroup analyst David Thurtell said the current rally was "largely currency based, but the gold inflation bugs will be getting excited too".
PHYSICAL DEMAND PICKS UP
Physical demand for gold picked up in Asia, home to some of the world's largest bullion markets, despite high prices having discouraged consumers throughout the year.
"India is still buying despite the high prices. Maybe they are afraid that prices will go up again," said a dealer in Singapore. [ID:nSP372735]
Gold's rally helped lift other precious metals, with silver and platinum -- both of which are largely industrial in use -- also hitting multi-month highs as base metals rose on the more positive economic outlook. [MET/L]
Silver prices rose to a 12-month high of $17.31 an ounce, and were later at $17.28, against $16.97 late on Tuesday. Its ratio to gold -- which measures its value compared to the yellow metal -- fell to 58.8 from around 64.5 a month ago.
Platinum hit a peak of $1,338, its firmest since September last year, and was later at $1,329 against $1,323, while palladium was at $294.50 an ounce against $291.50.
ETF Securities said in a daily report its London platinum ETC holdings rose more than 10,500 ounces on Tuesday, or 3 percent. Its London palladium ETC hit a record high of 491,063 ounce on Monday, up 8.5 percent week-on-week.
Commerzbank technical analyst Karen Jones said in a note that platinum's gains last week set the metal up for a fresh rise.
"The close above $1,307 has completed a longer term bullish pattern with an upside measured target of $1,539," she said. "The pattern took five months to complete and the target is achievable by February 2010."
Many successful BST transactions ajia (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes, mariner67, and Mikes coins
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
If there is a break out, gold prices could really take off? Are you serious? Well, has there been a break out, and have prices really taken off??? Have they??? I want to know your assessment.
As PC also asks, "did you buy yet?" If you have any confidence at all in your assessments, you'd have been buying last week - more than just your nominal 5% portfolio weighting, right?
Full disclosure - I bought some gold on July 13, and bought some more gold on July 20. I'm going to buy again (silver or palladium) as soon as my cash position is fully replenished. I have no concerns about the price for the next 12 months. The price will do it's thing, while I am doing my thing. What a weird way to invest, eh?
Q: Are You Printing Money? Bernanke: Not Literally
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
WELL I WAS RIGHT. And do I get one compliment? NO.
I was hoping the above reply wouldn't come. And I held my tongue back when this thread was first put up because frankly all of us were months ahead of MoneyLA's chart. My intial reply to this thread said in a nice way that you had presented nothing new...and left it at that. I don't know how many times I and others mentioned the double and triple super-bullish formations brewing....the longest one all the way back to 1980. You only rephrased part of what others had already said long before you. To me, it was like the last guy on board taking credit for the train reaching its destination when it justed started moving. Had you kept up on our threads I think the above would have been much more obvious to you. So I held my tongue....until today. Actually I was hoping no one would dredge up this thread because I didn't want to have to respond to it again if there was a breakout. Guess I don't appreciate others saying the same things we had figured out long ago and then "taking credit" for it. I was happy to let it slide as long as you never expected a slap on the old back. And if you check my threads you will see numerous links to many of posts since they aren't my ideas.
I try to give credit to the authors I read daily rather than stating them as my own. But it's not always easy. If you see a lot of links on my posts....that's why. If it's not my own original research or compilation it's only right to link the author or at least mention their name as to the source. It's hard when you read 2-3 hours of stuff every day but the good ideas need to get referenced, so others can read/evaluate them as well. And the 3 way bullish chart formation ideas I got from other guy's charts and articles....and I linked them in my posts over on the economic/gold thread as well as the montly trading threads.
But if I went back and said this was a false breakout and a big plunge was coming you'd all climb all over me again, wouldn't you??
No. You finally took the same stance we had all taken weeks/ months before. We would have been just wrong as you had the tide turned the other way. And yes, it could still be a false breakout with a C leg of an ABC correction coming this fall. But for now I ride the positions I have in place. I put 40% of my gold trading stake at risk last week and added to it early this week after getting shaken out on 8/31.
I have no problems with this thread being made and more like it. Anyone can post and all are welcome. But I tried to make it clear early on that others had already been there (hint: don't take credit if it comes true...and if it does....don't make it worse by chiding us for not slapping you on the back). It's clear that my original point wasn't understood. Another way to see it is that a lot of us put in a lot of work to read/analyze and post the information that we do. To see someone else put up the same stuff thinking it's original means that you don't make the effort to read other information that's put up here. All of it was previously posted/linked.
I've not been watching closely but it appears Moneyla is looking at much more short term technical indicators and so often he is talking apples when the forum is thinking oranges. He did hit the short term call correctly, it appears. We were in a short term trading range for a while. I'm not saying I'm taking everything he says to the bank but this one looks ok to me.
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
WELL I WAS RIGHT. And do I get one compliment? NO.
I was hoping the above reply wouldn't come. And I held my tongue back when this thread was first put up because frankly all of us were months ahead of MoneyLA's chart. I don't know how many times I and others mentioned the double and triple super-bullish formations brewing. You only rephrased what others had already said long before you. To me, it was like the last guy on board taking credit for the train leaving. Had you kept up on our threads I think the above would have been much more obvious to you. So I held my tongue....until today. Actually I was hoping no one would dredge up this thread because I didn't want to have to respond to it again....whether pos. or negatively. Guess I don't appreciate others saying the same things we had figured out long ago and then taking credit for it. I was willing to let it slide as long as you never expected credit for it.
But if I went back and said this was a false breakout and a big plunge was coming you'd all climb all over me again, wouldn't you??
Hardly. You took the same stance we had all take weeks/months before. We would be just a wrong as you had the tide turned the other way.
Dont feel bad MoneyLA. When I said a year ago "gold is dead and would be for months, perhaps qtrs"--it was about $920 at the time--I was ridiculed to no end. It promptly dropped nearly $250.
Concentrate on making worthless dollars for yourself. I have.
We are all happy gold is going up. Well, at least most of us. I know there are some shorters out there at the moment. They will have their day soon as well.
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
WELL I WAS RIGHT.
And do I get one compliment? NO.
Do I get one person saying "attaboy"? NO.
But if I went back and said this was a false breakout and a big plunge was coming you'd all climb all over me again, wouldn't you?? >>
Attaboy MoneyLA, good call. It would be a bigger attaboy if you had actually bought something and profited, instead of just predicting it and watching from the sidelines while gold moves higher. While the move has been a textbook example of a breakout, those trading real money in real time, have had a bumpy ride, with many a trailing stop-loss taken out along the way.
Still, good call for MoneyLA. So far it is a nice though modest up move. $1150 is one upside price target, 20% up from the breakout point.
well it sucks being wrong. gold is firmly above 1000 and actually closed above it a few times.
i still feel that this is not going to last. the higher it goes the larger the fall will be back under 1000. Like a 25-35 drop in one day.
but on the bright side, i basically got out several months ago, at the same prices it is now. those premiums were just ridiculous for silver and it was selling at 18-20 an ounce. gold coins were quite hot. But i did not have a stash the size of some people here.
fun to watch to say the least. but i need to continue to look for investment opportunities that are completely ignored at the moment and have a 5-7 year outlook for huge profits. that is a more interesting thought process.
Gold is above $1020 and rising! Silver rising also! Price rise is slow but steady. I think if the price can go above $1031 the general public will start buying and then the MAINA will begin!. Then we will have to watch closely for the sell time!
Many successful BST transactions ajia (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes, mariner67, and Mikes coins
<< <i>Gold is above $1020 and rising! Silver rising also! Price rise is slow but steady. I think if the price can go above $1031 the general public will start buying and then the MAINA will begin!. Then we will have to watch closely for the sell time! >>
Good point however I am in for awhile as a store of wealth over fiat money. I hope good things come to all of you Kip
<< <i>Gold is above $1020 and rising! Silver rising also! Price rise is slow but steady. I think if the price can go above $1031 the general public will start buying and then the MAINA will begin!. Then we will have to watch closely for the sell time! >>
Good point however I am in for awhile as a store of wealth over fiat money. I hope good things come to all of you Kip >>
I do too! I have 45% of my large savings in metals at this time. My S.D.B. is full to capacity. I intend to keep about 10% long term but the rest will be sold when the price is right for me that price is between $1100-$1300. I am not a greedy person but I have to protect my principle savings. If the price gets to $1100 the remaining gold and silver will be paid for with the short term profit so any remaining risk for me will be 0%.
Many successful BST transactions ajia (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes, mariner67, and Mikes coins
Comments
GSR today was "correcting" a bit today into the 60 range but it was the kind of pullback I like to see. That is, silver dropping a little and gold still going up. That's a correction I can live with! GSR still hunting in the upper 59's.
roadrunner
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
WELL I WAS RIGHT.
And do I get one compliment? NO.
Do I get one person saying "attaboy"? NO.
But if I went back and said this was a false breakout and a big plunge was coming you'd all climb all over me again, wouldn't you??
www.AlanBestBuys.com
www.VegasBestBuys.com
Gold $1,020.70 $1,021.70 15.40
Silver $17.31 $17.36 0.35
Platinum $1,329.00 $1,339.00 17.70
Palladium $295.30 $300.30 3.00
Updated:9/16/2009 4:52:24 AM CST
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
<< <i>I am so disappointed in you guys.
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
WELL I WAS RIGHT.
And do I get one compliment? NO.
Do I get one person saying "attaboy"? NO.
But if I went back and said this was a false breakout and a big plunge was coming you'd all climb all over me again, wouldn't you??
First, you weren't the only one to make the observation and point it out on here.
Second... did you buy yet? Didn't think so. Or at least in the past you've said you won't buy until after 1030+, and we're not there yet.
That's why.
16/09/2009 7:46:57 PM
Commodity update
Prices16 September,2009
16/09/2009 20:42 Sydney, Australia.
Commodity Value
Gold 1016.90
Silver 17.27
Platinum 1332.50
Palladium 295.00
Chart and compare
* Dollar hits 2009 low vs euro; single currency breaks $1.47 * Indian gold buyers trickling through, traders say
* Silver, platinum hit multi-month highs as confidence rises
(Updates throughout, changes dateline from TOKYO)
By Jan Harvey
LONDON, Sept 16 (Reuters) - Gold hit 18-month highs on Wednesday as the dollar's slide to 2009 lows versus the euro sparked buying of the metal as an alternative asset, helping lift silver and platinum to multi-month peaks.
The precious metal now has its sights set on a new all-time high above $1,030 an ounce, traders said.
Spot gold rose to a high of $1,017.75 an ounce and was at $1,015.55 an ounce at 0924 GMT against $1,005.90 late in New York on Tuesday.
"(We have) broken through $1,015, so we ought to test the previous highs," said Afshin Nabavi, head of trading at MKS Finance in Geneva. "It is currencies that started the game, but it looks like it is not over yet."
U.S. gold futures for December delivery on the COMEX division of the New York Mercantile Exchange rose $11.40 to $1,017.70 an ounce.
The dollar tumbled to its weakest this year versus the euro, with the single currency breaking $1.47 for the first time since December. The dollar came under pressure as investors moved to notionally higher-risk currencies. [FRX/]
Better-than-expected U.S. retail sales data and a statement from Federal Reserve chairman Ben Bernanke that the U.S. recession was most likely over on Tuesday have boosted interest in assets seen as higher risk. [nLG699234]
World stocks hit 11-month highs on the news, while European shares also rose. [MKTS/GLOB] [.EU]
Currency traders will be closely watching U.S. data due later in the session for fresh clues as to the outlook for the economy, including the August consumer price index and industrial production numbers, and September housing data.
The CPI data at 1230 GMT will also be watched for signs of growing inflation, against which gold can be bought as a hedge.
Citigroup analyst David Thurtell said the current rally was "largely currency based, but the gold inflation bugs will be getting excited too".
PHYSICAL DEMAND PICKS UP
Physical demand for gold picked up in Asia, home to some of the world's largest bullion markets, despite high prices having discouraged consumers throughout the year.
"India is still buying despite the high prices. Maybe they are afraid that prices will go up again," said a dealer in Singapore. [ID:nSP372735]
Gold's rally helped lift other precious metals, with silver and platinum -- both of which are largely industrial in use -- also hitting multi-month highs as base metals rose on the more positive economic outlook. [MET/L]
Silver prices rose to a 12-month high of $17.31 an ounce, and were later at $17.28, against $16.97 late on Tuesday. Its ratio to gold -- which measures its value compared to the yellow metal -- fell to 58.8 from around 64.5 a month ago.
Platinum hit a peak of $1,338, its firmest since September last year, and was later at $1,329 against $1,323, while palladium was at $294.50 an ounce against $291.50.
ETF Securities said in a daily report its London platinum ETC holdings rose more than 10,500 ounces on Tuesday, or 3 percent. Its London palladium ETC hit a record high of 491,063 ounce on Monday, up 8.5 percent week-on-week.
Commerzbank technical analyst Karen Jones said in a note that platinum's gains last week set the metal up for a fresh rise.
"The close above $1,307 has completed a longer term bullish pattern with an upside measured target of $1,539," she said. "The pattern took five months to complete and the target is achievable by February 2010."
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
If there is a break out, gold prices could really take off? Are you serious? Well, has there been a break out, and have prices really taken off??? Have they??? I want to know your assessment.
As PC also asks, "did you buy yet?" If you have any confidence at all in your assessments, you'd have been buying last week - more than just your nominal 5% portfolio weighting, right?
Full disclosure - I bought some gold on July 13, and bought some more gold on July 20. I'm going to buy again (silver or palladium) as soon as my cash position is fully replenished. I have no concerns about the price for the next 12 months. The price will do it's thing, while I am doing my thing. What a weird way to invest, eh?
I knew it would happen.
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
WELL I WAS RIGHT.
And do I get one compliment? NO.
I was hoping the above reply wouldn't come. And I held my tongue back when this thread was first put up because frankly all of us were months ahead of MoneyLA's chart. My intial reply to this thread said in a nice way that you had presented nothing new...and left it at that. I don't know how many times I and others mentioned the double and triple super-bullish formations brewing....the longest one all the way back to 1980. You only rephrased part of what others had already said long before you. To me, it was like the last guy on board taking credit for the train reaching its destination when it justed started moving. Had you kept up on our threads I think the above would have been much more obvious to you. So I held my tongue....until today. Actually I was hoping no one would dredge up this thread because I didn't want to have to respond to it again if there was a breakout. Guess I don't appreciate others saying the same things we had figured out long ago and then "taking credit" for it. I was happy to let it slide as long as you never expected a slap on the old back. And if you check my threads you will see numerous links to many of posts since they aren't my ideas.
I try to give credit to the authors I read daily rather than stating them as my own. But it's not always easy. If you see a lot of links on my posts....that's why. If it's not my own original research or compilation it's only right to link the author or at least mention their name as to the source. It's hard when you read 2-3 hours of stuff every day but the good ideas need to get referenced, so others can read/evaluate them as well. And the 3 way bullish chart formation ideas I got from other guy's charts and articles....and I linked them in my posts over on the economic/gold thread as well as the montly trading threads.
But if I went back and said this was a false breakout and a big plunge was coming you'd all climb all over me again, wouldn't you??
No. You finally took the same stance we had all taken weeks/ months before. We would have been just wrong as you had the tide turned the other way. And yes, it could still be a false breakout with a C leg of an ABC correction coming this fall. But for now I ride the positions I have in place. I put 40% of my gold trading stake at risk last week and added to it early this week after getting shaken out on 8/31.
I have no problems with this thread being made and more like it. Anyone can post and all are welcome. But I tried to make it clear early on that others had already been there (hint: don't take credit if it comes true...and if it does....don't make it worse by chiding us for not slapping you on the back). It's clear that my original point wasn't understood. Another way to see it is that a lot of us put in a lot of work to read/analyze and post the information that we do. To see someone else put up the same stuff thinking it's original means that you don't make the effort to read other information that's put up here. All of it was previously posted/linked.
roadrunner
--Jerry
<< <i> I am so disappointed in you guys.
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
WELL I WAS RIGHT.
And do I get one compliment? NO.
I was hoping the above reply wouldn't come. And I held my tongue back when this thread was first put up because frankly all of us were months ahead of MoneyLA's chart. I don't know how many times I and others mentioned the double and triple super-bullish formations brewing. You only rephrased what others had already said long before you. To me, it was like the last guy on board taking credit for the train leaving. Had you kept up on our threads I think the above would have been much more obvious to you. So I held my tongue....until today. Actually I was hoping no one would dredge up this thread because I didn't want to have to respond to it again....whether pos. or negatively. Guess I don't appreciate others saying the same things we had figured out long ago and then taking credit for it. I was willing to let it slide as long as you never expected credit for it.
But if I went back and said this was a false breakout and a big plunge was coming you'd all climb all over me again, wouldn't you??
Hardly. You took the same stance we had all take weeks/months before. We would be just a wrong as you had the tide turned the other way.
roadrunner >>
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
Concentrate on making worthless dollars for yourself. I have.
Knowledge is the enemy of fear
roadrunner
<< <i>I am so disappointed in you guys.
You pounded me when I said gold was in a trading range. Then, a couple of weeks ago, I point out the very bullish pennant chart formation and say that if there is a break out at 980 gold prices could really take off.
WELL I WAS RIGHT.
And do I get one compliment? NO.
Do I get one person saying "attaboy"? NO.
But if I went back and said this was a false breakout and a big plunge was coming you'd all climb all over me again, wouldn't you??
Attaboy MoneyLA, good call. It would be a bigger attaboy if you had actually bought something and profited, instead of just predicting it and watching from the sidelines while gold moves higher. While the move has been a textbook example of a breakout, those trading real money in real time, have had a bumpy ride, with many a trailing stop-loss taken out along the way.
Still, good call for MoneyLA. So far it is a nice though modest up move. $1150 is one upside price target, 20% up from the breakout point.
above it a few times.
i still feel that this is not going to last. the higher it goes the larger the fall
will be back under 1000. Like a 25-35 drop in one day.
but on the bright side, i basically got out several months ago, at the same
prices it is now. those premiums were just ridiculous for silver and it was
selling at 18-20 an ounce. gold coins were quite hot. But i did not have a
stash the size of some people here.
fun to watch to say the least. but i need to continue to look
for investment opportunities that are completely ignored at the moment and
have a 5-7 year outlook for huge profits. that is a more interesting thought
process.
good luck!
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
<< <i>Gold is above $1020 and rising! Silver rising also! Price rise is slow but steady. I think if the price can go above $1031 the general public will start buying and then the MAINA will begin!. Then we will have to watch closely for the sell time! >>
Good point however I am in for awhile as a store of wealth over fiat money.
I hope good things come to all of you
Kip
<< <i>
<< <i>Gold is above $1020 and rising! Silver rising also! Price rise is slow but steady. I think if the price can go above $1031 the general public will start buying and then the MAINA will begin!. Then we will have to watch closely for the sell time! >>
Good point however I am in for awhile as a store of wealth over fiat money.
I hope good things come to all of you
Kip >>
I do too! I have 45% of my large savings in metals at this time. My S.D.B. is full to capacity. I intend to keep about 10% long term but the rest will be sold when the price is right for me that price is between $1100-$1300. I am not a greedy person but I have to protect my principle savings. If the price gets to $1100 the remaining gold and silver will be paid for with the short term profit so any remaining risk for me will be 0%.
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins