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Falling knife?

PreTurbPreTurb Posts: 1,193 ✭✭✭
in Precious Metals
I've heard that you shouldn't try to catch a "falling knife" in a plunging market, but some of these PM prices are starting to look relatively good... such as $400 palladium, and silver, if it keeps going down a bit...

Comments

  • guitarwesguitarwes Posts: 9,266 ✭✭✭

    buy low, hold, sell high.

    $.49-$.99 over looks real good now.

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  • TomohawkTomohawk Posts: 667 ✭✭
    Not to oppose...just to state my opinion: I'm a bit nervous. I've read the other threads where especially RoadRunner/PC/MJ are mentioning bond markets and expirations may be the root cause, but I'm thinking there may be a LOT of folks like me who are nervous and are starting the ol' slump o' dump. If that really picks up, then the millions of Eagles hoarded recently may start to come back onto the market and further drive prices down.

    I'm on the fence for what I'll do, but as I'm still looking at over 25+ years working for the man I SHOULD keep stackin', enjoying the benefits of dollar cost averaging (I'm sure Gecko would counsel me to do that).

    Guess I'll hang on and add...
    ASE Addict...but oh so poor!
  • CaptHenwayCaptHenway Posts: 32,127 ✭✭✭✭✭
    BOINGGGGG!!!!!!!!!!!!
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    as I'm still looking at over 25+ years working for the man I SHOULD keep stackin', enjoying the benefits of dollar cost averaging (I'm sure Gecko would counsel me to do that).

    If he doesn't, I will. After you establish a core position, you still need to manage your money conservatively so that you never have to eat into that core position - in other words, don't put all your money into pms while you still have other things to do. What's already there will grow nicely and you can still add a little regularly.

    Keep an open mind and an eye on the fundamentals. The fundamentals are based in monetary policy and the political winds. There may be a day to sell metals, but I think that's a long time from the present. Just sayin'.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • sebrownsebrown Posts: 424 ✭
    I think of it as a buying opportunity. Silver is $2 cheaper than the beginning of the week so take advantage of it. Less paper to trade for some shiny stuff! image
    "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I just look at the charts. Silver bounces way more than any other. 25+ years to stack. I'd just back off forget about it for a while.

    JMO- I think any silver under $20oz still a good buy. Gold under $1,200 too! Heck I just bought a oz Auimage Physical-only hereimage
    Avid collector of GSA's.
  • DoubleEagle59DoubleEagle59 Posts: 8,308 ✭✭✭✭✭
    in Canadian dollars, the price of gold and silver haven't dropped that much.

    Gold is $1266 Canadian and it wasn't that different a week or two ago.

    Why? because the Canadian dollar has dropped about 6% in the last week.

    The PM drop is solely based on the 'flight to safety' (HaHaHa) to the US dollar (again...HaHaHa).

    Buy the dips and you'll be a happy camper.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

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  • MoneyCollectorMoneyCollector Posts: 451 ✭✭✭
    Remember, we buy PMs as wealth insurance, not to make a couple % on mild fuctuations.

    Randy
    My eBay Items for Sale
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    buy low, sell high.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • MMRMMR Posts: 372
    Keep stacking at these levels folks! It won't last for long.
    My eBay auctions - nothing now
  • 2ndCharter2ndCharter Posts: 1,656 ✭✭✭✭✭
    Remember, we buy PMs as wealth insurance, not to make a couple % on mild fuctuations.

    Exactly! image

    I could care less if it goes up, down, or sideways from one day, week, or month to the next. As long as Big Government keeps spending money like drunken sailors, the long term trend is up and my stock of PMs are insurance against the inevitable.

    The folks who complain about Gold or Silver going down in the short-term remind me of someone who bought Life Insurance last year and is now complaining that they wasted their money because they haven't died yet!

    Member ANA, SPMC, SCNA, FUN, CONECA

  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    It's all about dollar cost averaging.
  • ksammutksammut Posts: 1,074 ✭✭✭


    << <i>It's all about dollar cost averaging. >>



    Totally agree!
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  • CaptHenwayCaptHenway Posts: 32,127 ✭✭✭✭✭
    Euro just jumped or Dollar just dropped.
    Don't know what it means for metals anymore.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    Euro just jumped or Dollar just dropped.
    Don't know what it means for metals anymore.

    Lol, I nominate that for POTD! It means, of course that the Euro problem and the debt problem have now been solved by Angela Merckle.

    I could be wrong, though.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • CaptHenwayCaptHenway Posts: 32,127 ✭✭✭✭✭


    << <i>Euro just jumped or Dollar just dropped.
    Don't know what it means for metals anymore.

    Lol, I nominate that for POTD! It means, of course that the Euro problem and the debt problem have now been solved by Angela Merckle.

    I could be wrong, though. >>




    It's twuu! It's twuu!

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • BearBear Posts: 18,953 ✭✭✭
    PMs have become a manipulated market. Dramatic swings up and down
    as the sharks kill off the timid and scared. Depending on when you buy,
    you might make money other times, you lose. It seems that all investment
    avenues have become stacked against J6P and it is very difficult to escape
    unskinned in anything one tries to do. These are economically difficult times
    so be very careful out there.
    There once was a place called
    Camelotimage
  • KUCHKUCH Posts: 1,186
    Currently I'm stacking and will use all PM's as leverage, when the time comes. I've got my sell price and profits will be invested in the next bubble. Or I'll take a nice vacation to Greece.image
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>It's all about dollar cost averaging. >>



    Yup! Especially if you are in it for the long haul.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • gecko109gecko109 Posts: 8,231 ✭


    << <i>Remember, we buy PMs as wealth insurance, not to make a couple % on mild fuctuations.

    Exactly! image

    I could care less if it goes up, down, or sideways from one day, week, or month to the next. As long as Big Government keeps spending money like drunken sailors, the long term trend is up and my stock of PMs are insurance against the inevitable.

    The folks who complain about Gold or Silver going down in the short-term remind me of someone who bought Life Insurance last year and is now complaining that they wasted their money because they haven't died yet! >>




    Thats an unfair slap against drunken sailors. At least they stop spending when they run out of money, unlike our government!
  • CaptHenwayCaptHenway Posts: 32,127 ✭✭✭✭✭


    << <i>

    << <i>Remember, we buy PMs as wealth insurance, not to make a couple % on mild fuctuations.

    Exactly! image

    I could care less if it goes up, down, or sideways from one day, week, or month to the next. As long as Big Government keeps spending money like drunken sailors, the long term trend is up and my stock of PMs are insurance against the inevitable.

    The folks who complain about Gold or Silver going down in the short-term remind me of someone who bought Life Insurance last year and is now complaining that they wasted their money because they haven't died yet! >>




    Thats an unfair slap against drunken sailors. At least they stop spending when they run out of money, unlike our government! >>



    Good point!

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • gecko109gecko109 Posts: 8,231 ✭
    Ideally, gold will retract to around $850-$950, and silver will slide back down to around $13. More PMs into my stack for fewer pieces of U.S. toilet paper? Sounds just fine by me!!!
  • 500Bay500Bay Posts: 1,106 ✭✭✭
    Juts curious - what would be a sell price or a sell signal for people?
    Finem Respice
  • BearBear Posts: 18,953 ✭✭✭
    The only bubbles I care to be involved with,

    will be found in a bath tube filled with comfy

    warm water.
    There once was a place called
    Camelotimage
  • gecko109gecko109 Posts: 8,231 ✭


    << <i>Juts curious - what would be a sell price or a sell signal for people? >>




    My "sell signal" is when my wife and kid tell me they are hungry and the local stores dont take FRNs anymore. Thats my "sell signal".
  • derrybderryb Posts: 36,795 ✭✭✭✭✭


    << <i>Juts curious - what would be a sell price or a sell signal for people? >>



    The historical signal is when the Dow and the price of gold are equal, 1 for 1. Most people that follow this proven theory start slowly selling off when it's 2:1 in favor of the dow. This historically signals the beginning of bull market in equities and a bear market in gold.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • dontippetdontippet Posts: 2,606 ✭✭✭✭


    << <i>The historical signal is when the Dow and the price of gold are equal, 1 for 1. Most people that follow this proven theory start slowly selling off when it's 2:1 in favor of the dow. This historically signals the beginning of bull market in equities and a bear market in gold. >>




    Did you state this correctly? Do you mean the beginning of a bear market in equities and a bul market in gold?
    > [Click on this link to see my ebay listings.](https://www.ebay.com/sch/i.html?_nkw=&amp;_in_kw=1&amp;_ex_kw=&amp;_sacat=0&amp;_udlo=&amp;_udhi=&amp;_ftrt=901&amp;_ftrv=1&amp;_sabdlo=&amp;_sabdhi=&amp;_samilow=&amp;_samihi=&amp;_sadis=15&amp;_stpos=61611&amp;_sargn=-1&saslc=1&amp;_salic=1&amp;_fss=1&amp;_fsradio=&LH_SpecificSeller=1&amp;_saslop=1&amp;_sasl=mygirlsthree3&amp;_sop=12&amp;_dmd=1&amp;_ipg=50&amp;_fosrp=1)
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  • sebrownsebrown Posts: 424 ✭


    << <i>

    << <i>The historical signal is when the Dow and the price of gold are equal, 1 for 1. Most people that follow this proven theory start slowly selling off when it's 2:1 in favor of the dow. This historically signals the beginning of bull market in equities and a bear market in gold. >>




    Did you state this correctly? Do you mean the beginning of a bear market in equities and a bul market in gold? >>




    He stated it correctly. When the ratio is 1:1, it'll most likely mark the end of the bull market in gold and begin a bull market in equities....but who really knows how this will play out in the years ahead.
    "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
  • dontippetdontippet Posts: 2,606 ✭✭✭✭


    << <i>

    << <i>

    << <i>The historical signal is when the Dow and the price of gold are equal, 1 for 1. Most people that follow this proven theory start slowly selling off when it's 2:1 in favor of the dow. This historically signals the beginning of bull market in equities and a bear market in gold. >>




    Did you state this correctly? Do you mean the beginning of a bear market in equities and a bul market in gold? >>




    He stated it correctly. When the ratio is 1:1, it'll most likely mark the end of the bull market in gold and begin a bull market in equities....but who really knows how this will play out in the years ahead. >>



    Gotcha. I didn't read it the way you interpreted it, but I absolutely agree with you.
    > [Click on this link to see my ebay listings.](https://www.ebay.com/sch/i.html?_nkw=&amp;_in_kw=1&amp;_ex_kw=&amp;_sacat=0&amp;_udlo=&amp;_udhi=&amp;_ftrt=901&amp;_ftrv=1&amp;_sabdlo=&amp;_sabdhi=&amp;_samilow=&amp;_samihi=&amp;_sadis=15&amp;_stpos=61611&amp;_sargn=-1&saslc=1&amp;_salic=1&amp;_fss=1&amp;_fsradio=&LH_SpecificSeller=1&amp;_saslop=1&amp;_sasl=mygirlsthree3&amp;_sop=12&amp;_dmd=1&amp;_ipg=50&amp;_fosrp=1)
    >

    Successful transactions on the BST boards with rtimmer, coincoins, gerard, tincup, tjm965, MMR, mission16, dirtygoldman, AUandAG, deadmunny, thedutymon, leadoff4, Kid4HOF03, BRI2327, colebear, mcholke, rpcolettrane, rockdjrw, publius, quik, kalinefan, Allen, JackWESQ, CON40, Griffeyfan2430, blue227, Tiggs2012, ndleo, CDsNuts, ve3rules, doh, MurphDawg, tennessebanker, and gene1978.
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