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Small correction time!

AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
in Precious Metals
Both gold and silver dropping a bit. Kitco also a bit slow.

How low will they go?
All coins kept in bank vaults.
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!

Comments

  • UconnLUconnL Posts: 166
    My Guess...

    20.79 Silver

    1,236. Gold. Larry
    Liberty Loan Bond Man
  • pmcollectourpmcollectour Posts: 1,211 ✭
    Buy the dips.
  • BuffalodeBuffalode Posts: 339
    I don't think we will see any large corrections soon unless the Fed announces no (or very limited) QE or unless something major happens to push the dollar a lot higher. I just don't expect much more than small, short term corrections for a while and I think gold and silver will both continue higher overall. I think the Fed will soon start more QE but how much is the question since it seems to me a lot of expectations are already being priced in.
    Bob

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,362 ✭✭✭✭✭
    This morning about 9:30 was a good time to pocket some SLV profit. I did.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • jmski52jmski52 Posts: 22,825 ✭✭✭✭✭
    I was getting ready to think about buying something the other day, but I was too slow on the trigger. Now, I'm trying to decide if it's enough money to even worry about deploying.

    Besides that, I can't even decide what I'd buy - palladium? PCGS Plats? Buchanan Gold or Proof AGEs from the Mint? 1/10th ozer AGEs? Some Silver Wolves?

    Argh.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
    I think we're going to enter a phase where the silver to gold ratio lessens. I can see silver outperforming
    gold over the next three months. Let's say gold at 1210 and silver at 25 in December.

    I think silver and the DJIA will go higher. I think gold will retrace a bit.

    Then I see silver and the DJIA taking a MAJOR hit, and gold going to 2,300.00 sometime next year.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    I can't see a retrace to $1236 this time. It will let too many people back into PM's that have been left behind. I don't see it being that easy.

    Gold is the anti-fiat weapon, not silver. Hard for me to see gold pulling back while silver moves up. Both pretty much move up and down in unison, just a matter of which one is rising or dropping faster than the other one.

    Note that platinum did not get hit today for some reason though platinum miners did.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    i don't think it's pulling back too far....remember the USD is weak and only getting weaker.

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