POLL: Cheer or Jeer Upward ticks on Metals?

gecko109

Everytime gold or silver makes a modest 1 or 2% gain in a day there is invariably a thread started on it with everyone piling on in celebration. Then invariably comes my response to all those cheerleaders. I cant understand why so many PM buffs get so giggly and happy as metal prices rise. Unless you are sitting on a ton of metal, and your buying days are pretty much over.....OR....you are a short term gambler trying to make a quick profit on the swings in prices, why would you be happy? I like to stack my metal at the lowest prices possible, thats why I HATE when the prices move up! So answer this poll....are you happy or are you frustrated when you see modest gains in metals?

guitarwes

Their (the old stackers) thinking was your (the still buying) thinking once, but now they like the rise for good reason.

edmundfitzgerald

I think if you schedule yourself to buy PM's once a month, let's say at the end of each month, for a prolonged period
of time, then I don't think you cheer or jeer ticks in either direction.

TWQG

I cheer because I was done buying a while ago.

gsa1fan

I like rising prices. A steady upward trend seems overdue.

gecko109

<< <i>I like rising prices. A steady upward trend seems overdue. >>




How much of an uptrend are you looking for? Do you want to be priced out of metals eventually? I still very much enjoy buying, how about you?

gsa1fan

I buy as much as I can when I can. Personally I think it's still a good buy.

gecko109

<< <i>I buy as much as I can when I can. Personally I think it's still a good buy. >>




Im the same way, and I still see silver as a tremendous value. But do you really want to see silver at $100 or gold at $5,000 anytime soon? At those levels, it would be awfully hard to add to my stack!!!

edmundfitzgerald

I would love to see gold in a 900-1200 range for a while. But I'm still a buyer. Those who are done buying
probably would like to see it in the 2000 range sooner then later.

jmski52

I cant understand why so many PM buffs get so giggly and happy as metal prices rise.

The only real reason to be elated is when you have a bunch on margin or a bunch of calls in the money. Other than that, it's a longterm savings account and not much more than that.

The bag of 90% halves I bought in '98 was "only" $3,500 or so. Does that keep me from continuing to save by buying more pms even though the cost is 4 times higher? Is Congress going on a spending diet? Nope? Are the federal and state budgets no longer in big trouble? That's your answer!

The dollars I am earning today deserve every bit as much protection from Congress as those dollars I earned back in 1998 deserved protection. Need I continue?

DrBuster

I voted flat/fall as I haven't purchased in a little while and would like to catch a low week or so. But I play silver so we're really not talking much.

Now, if I would have listened to myself when the $400 clock ticked on gold I'd be all over some G->S conversion at the current ratio.

gecko109

<< <i>I would love to see gold in a 900-1200 range for a while. But I'm still a buyer. Those who are done buying
probably would like to see it in the 2000 range sooner then later. >>




Bingo!

I should rephrase my question as such: "Are there any 35 year olds who like to see metal prices climb?". I think the results of THAT poll would be quite different! I have to remember there are people here who are in or near to retirement who have been stacking gold/silver for the past 20+ years. Im sure their perspective is much different than mine!

Ciccio

I am not saying $600, but I would love to see gold back to $800/900 (I missed the chance last year).
I don't care much about Ag, it wouldn't bother me much seeing it at $22/25.
900/25 = 36 : 1
Sorry if I ask but, is this a possible ratio?

I know, it may be 1800/50 too!

tydye

Both directions have their perks. When high I unload my odds and ends. When it drops I load up. Overall still stacking at 39

bestmr

I voted flat/fall. Being 35, I still need to stack a lot onto my meager collection.

edmundfitzgerald

Don't want to hijack the thread, but what caused the huge platinum drop years back ?

GoldLuvr

Poll schmoll i just luv gold

Weiss

I admit to feeling better when I see a spike--but that's because I'm done with my basic goal of 10%.

Though I'm obviously not done buying. And I expect massive corrections in the near to medium future.

I buy, I almost never sell. Doesn't really matter I guess.

jmski52

Don't want to hijack the thread, but what caused the huge platinum drop years back ?

The runup was too fast and didn't reflect true demand. Speculation was fueled by the South African mines having serious electrical supply problems for the cooling systems and water pumps which consequently hampered production. Those were some of the variables that influenced the runup.

About then, the economy (and auto production) started to cool off, right before the financial crisis hit. A kink in auto production always nails platinum prices, at least for awhile. We're beyond that correction now.

The thing I like about platinum is that industrial demand will always be pushing platinum consumption increases, while at the same time the supply keeps getting harder to maintain and to obtain.

Platinum is 10X rarer than gold. And, it makes nice coins.

ocon4008

higher and higher

Climb higher and higher.

OPA

Gecko .... you may get your wish...as of now, all PM's are down except for Rhodium..Palladium & Silver have the biggest % decrease. The world economies must be booming

Even Rhodium has joined the band wagon. It was lost and had to find it first.

OnlyGoldIsMoney

Gecko....here is your chance. As I write gold is down to $1174.