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Has the dip bottomed?

derrybderryb Posts: 36,793 ✭✭✭✭✭
in Precious Metals
Looks like silver is starting it's upward reversal. Bailed out of AGQ yesterday at 147.63, I'm going back in!

"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

Comments

  • 57loaded57loaded Posts: 4,967 ✭✭✭
    i didn't hear a bell and for what floor?image

    i think it's going to be wiggy this month myself.

    one can just imagine the rosy picture that will be painted for the SOTU address later this month, too.

    i am still bullish we haven't seen the tops, just keep doing it
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    The short term ups and downs don't generally affect the physical guy except to use the dips for more purchases. These same ups and downs are opportunities in both directions for the paper player. One reason to also have some "paper." Other reasons to hold some paper......there aren't any!

    "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

  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I just came across a fun quote this morning. Winston Churchill once said that the most exciting thing in the world is when they are shooting at you.

    Trading paper silver strikes me as about the same.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>I just came across a fun quote this morning. Winston Churchill once said that the most exciting thing in the world is when they are shooting at you.

    Trading paper silver strikes me as about the same. >>


    Yup, it is exciting, but only in a bull market.

    "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

  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I think it's probably exciting on a downleg too, but not in a positive sort of way...image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>I think it's probably exciting on a downleg too, but not in a positive sort of way...image >>


    It's good excitement if you sold before (or during) the drop and are now looking for re-entry. Today is a good example. Sold 1775 AGQ yesterday at 147.63, bought back 1900 SH at 137.25 this morning with the funds. When (if) it returns to my earlier sell point of 147.63 I will have gained $18,454 even though the price is the same 147.63 that I started at. Only $7 in commissions, no shipping insurance of physical, etc. This is the power of selling the highs and buying the dips in a bull market. This is the advantage of paper. And since it's a Roth IRA, no tax consequences ever!

    "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

  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭


    << <i>

    << <i>I think it's probably exciting on a downleg too, but not in a positive sort of way...image >>


    It's good excitement if you sold before (or during) the drop and are now looking for re-entry. Today is a good example. Sold 1775 AGQ yesterday at 147.63, bought back 1900 SH at 137.25 this morning with the funds. When (if) it returns to my earlier sell point of 147.63 I will have gained $18,454 even though the price is the same 147.63 that I started at. Only $7 in commissions, no shipping insurance of physical, etc. This is the power of selling the highs and buying the dips in a bull market. This is the advantage of paper. And since it's a Roth IRA, no tax consequences ever! >>



    I appreciate your candor publishing very specific moves/ quantities. rather just generalities of your 'score' after the fact. Now, it can be seen how did with this move. (Honestly, I will not be tracking you to see if/when AGQ heads back up.) Now, if you told us what per cent of your net worth this position represents, you would DEFINITELY be the most transparent on the boards image

    It grows tiresome to see posts of major % gains on a move that prolly represents some small net position overall (I'm just guessing, maybe they were 'all in' on published move); and we rarely hear of the losses and see the specific position/loss/loss of net worth. Just human nature, I know...

    Now if you had shorted her down to 137.25 as well, you'd be da man!
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
  • Bayard1908Bayard1908 Posts: 4,046 ✭✭✭✭


    << <i>And since it's a Roth IRA, no tax consequences ever! >>



    I wouldn't be so sure about that.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>

    << <i>And since it's a Roth IRA, no tax consequences ever! >>



    I wouldn't be so sure about that. >>


    Under current tax law, but nothing is forever.

    "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

  • cohodkcohodk Posts: 19,103 ✭✭✭✭✭
    You say you bot back SH at 137.25. I assume you mean you bot back AGQ?

    DO you have a stop-loss on AGQ?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>What is your stop-loss on AGQ? >>



    133.50

    "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

  • cohodkcohodk Posts: 19,103 ✭✭✭✭✭


    << <i>

    << <i>What is your stop-loss on AGQ? >>



    133.50 >>



    A straight stop loss or a stop limit?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Strait GTC

    "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

  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭


    << <i>

    << <i>And since it's a Roth IRA, no tax consequences ever! >>



    I wouldn't be so sure about that. >>



    I had typed that and erased it last night, figuring db would know when to bail before his IRA was patriotized into UStreasuries...




    << <i>

    << <i>

    << <i>What is your stop-loss on AGQ? >>



    133.50 >>



    A straight stop loss or a stop limit? >>



    Y'all lost me on all that trader jargon.
    Seriously.
    But's that why I show up here every day at lunch, sometimes twice a day,.... to learn! and DMODD. Thanks!
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>I had typed that and erased it last night, figuring db would know when to bail before his IRA was patriotized into UStreasuries... >>


    Rumored proposals do not include self managed IRA accounts. Plan is to initially hit 401ks where there is no specified investment by the holder. Sorta like a default option on Treasury Bonds unless specified otherwise.

    Here's a head's up on the socialists' efforts to get their hands on your retirement money:

    The $6 Trillion 401K Grab

    Retirement accounts, like any other investment vehicle, require your constant oversight - not just on the investments themselves but also on the news and politics that affect them. One reason many account holders lost money in the 2008 market crash (and gave fuel to the government's arguement that they should be the one's managing your money) was that they assumed their money was safely invested and constantly mangaged by diligent account administrators. Those that profited from the crash were personally on top of their investments and at the correct time used the best investment options that were at their disposal.

    "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

  • Tdec1000Tdec1000 Posts: 3,851 ✭✭✭
    Did you buy at the 52 week low of 41.55??? Then you would really be the man!! but I like your style either way!
    Awarded the coveted "You Suck" Award on 22 Oct 2010 for finding a 1942/1 D Dime in silver, and on 7 Feb 2011 Cherrypicking a 1914 MPL Cent on Ebay!

    Successful BST Transactions!SIconbuster, Meltdown, Mission16, slothman2000, RGjohn, braddick, au58lover, allcoinsrule, commemdude, gerard, lablade, PCcoins, greencopper, kaz, tydye, cucamongacoin, mkman123, SeaEaglecoins, Doh!, AnkurJ, Airplanenut, ArizonaJack, JJM,Tee135,LordMarcovan, Swampboy, piecesofme, Ahrensdad,
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>Did you buy at the 52 week low of 41.55??? Then you would really be the man!! but I like your style either way! >>


    I don't even try to pick bottoms. I concentrate on strong upward indication from a possible bottom. Bought in at 63.94 on 4/12/10 after cashing out a great run-up in junior mining stocks and GDXJ. Somewhere in there I took a beating on TBT and FAZ because I honestly believed market forces would overcome government protection of Banks and Treasuries. Some lessons are learned the hard way. So, no, I'm not the man.

    "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

  • cohodkcohodk Posts: 19,103 ✭✭✭✭✭
    Did you sell this yet, or are you gonna let it get stopped out?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭
    Looks like the bottom has dipped........

    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 ✭✭✭
    But, has the dip bottomed?
    There once was a place called
    Camelotimage
  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭


    << <i>But, has the dip bottomed? >>



    "DIP DI DIP DIP DIP
    BLUE MOON!"

    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.
  • pitbosspitboss Posts: 8,643 ✭✭✭


    << <i>

    << <i>But, has the dip bottomed? >>



    "DIP DI DIP DIP DIP
    BLUE MOON!"

    image >>




    Now you are showing your age.
  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭
    That ain't all that's showing.........
    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.
  • CaptHenwayCaptHenway Posts: 32,119 ✭✭✭✭✭


    << <i>But, has the dip bottomed? >>



    Well, dip my bottom and sing:

    "Shine on, shine on Harvest Moon!!!!!!"

    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.
  • goingbrokegoingbroke Posts: 1,410
    Looks like its going DOWN for the count today! still dropping too! Platinum is holding well though!
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • 1970SilverArt1970SilverArt Posts: 482 ✭
    There is a possibility that silver dip could continue. It is not very surprising to me that silver is starting 2011 on a down note since silver had a huge run-up in 2010. The only thing I do not know is how far will silver go down before it resumes its run back up. We will see what happens.


    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Be in AGQ at silver tops and ZSL (short) at silver bottoms. Both 2X leveraged ETFs. Make money in both directions.

    "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

  • goingbrokegoingbroke Posts: 1,410
    Its still going down today BUY BUY BUY
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
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