It's a thing not for the timid, especially being rigged up the ying yang.
You call this a selloff? Nah.
Here we go. Is it time to start buying again?
You call this a selloff? Nah.
Look guys, this Japan disaster wasn't expected. That makes it a potential black swan. I don't think it's over yet. Eventually the metals will head back up, but I am skeptical about an immediate bounce this soon.
Q: Are You Printing Money? Bernanke: Not Literally
I would like to see it get back up above that $35 mark. Once there, I believe we will see it creep up and up until it hits the next resistance point (which I understand is around $37-38).
<< <i>There are people that make a living on those up and down choppy movements. >>
There are also big banks that help create those movements only to profit from them.
"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
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
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
According to Martin Armstrong, we want a high March PM price and a LOW June price to keep the charts going forward. If we get the opposite, low March and HIGH June price then breakout is delayed.
I'm not an economist, nor do I know how to read the charts. I leave that to the pro's and just read everything I can to form a half way intelligent plan.
<< <i>According to Martin Armstrong, we want a high March PM price and a LOW June price to keep the charts going forward. If we get the opposite, low March and HIGH June price then breakout is delayed. I'm not an economist, nor do I know how to read the charts. I leave that to the pro's and just read everything I can to form a half way intelligent plan. >>
Seems that's how things appear to be headed as of the moment. Gold has been correcting for 4 months. Silver is generally following but performing much better once the liquidity tides shift. This past week's deep dips allowed Plat and Pall to retest the necklines of their May-October moves. Silver and gold retested their Dec-Feb runs.
I heard in email from home this evening that the Tornado fighters from RAF Lossiemouth are on the way to visit Gaddafi. >>
Careful.....Gaddaffy might be reading these forums........
Loose lips sink airships, you know.......
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.
So who's thinking a nice up on monday? If I didn't just write a check to pay the wife's suv off I would have LOVED to have made a purchase this weekend...been out since end of January though so....
The PM market opens in Asia in less than 2 hours. It should be interesting.
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
Japan and N Africa+ the Mid East is all kinds of nutz. I do think we're on the rift of a world issue and major corrections before it goes too much off kilter.....
<< <i>Up $0.42 as of right now with a $0.05 spread between bid and ask.
Ok, now for a dump question, when you see a price quotes, say $2.00 over spot, is that over the bid or the ask price? >>
Traditionally, it is over Bid, but people can name their own Terms Of Sale. Doesn't hurt to ask the seller beforehand. 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.
<< <i>Gas at pump will be going up too I'm sure. Better fill up early. >>
So will your bread, your milk and your Froot Loops. Inflation is back!!!!
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.
In the last 3 weeks I have spent an extra $2000 stocking up on non perishables just to get a jump on things. I have plenty of room to store that stuff so why not. It will save me more money that having that money in the bank will make me.
Back in January I bought a 14 Kook run from Grandam at a tad higher than I wanted to pay premium per oz on average, but still less than hunting those babies down individually. One of those gotta-have-them deals though that everyone here knows all about.
We're a couple bucks away from them being a total ridiculous deal now. Huzzah
<< <i>In the last 3 weeks I have spent an extra $2000 stocking up on non perishables just to get a jump on things. I have plenty of room to store that stuff so why not. It will save me more money that having that money in the bank will make me. >>
pitboss, if you care to share........ what non-perishables did you buy? Did you at least buy 1 bottle of Ouzo?
<< <i>It's coming back slowly. Hum, it may even be green by the close. >>
And maybe not. I forgot it was the end of the quarter and there may be a lot of profit taking going on for appearance purposes. Will see what happens starting in April.
Options expired today so no surprise the hits to gold and silver. Gold gapped down on Sunday night's open so it will probably maneuver up to there tonight or tomorrow to fill it. Silver should go up with it. GSR still living down in the low 38's which is still bullish for silver over gold.
Comments
–John Adams, 1826
You call this a selloff? Nah.
Here we go. Is it time to start buying again?
You call this a selloff? Nah.
Look guys, this Japan disaster wasn't expected. That makes it a potential black swan. I don't think it's over yet. Eventually the metals will head back up, but I am skeptical about an immediate bounce this soon.
I knew it would happen.
<< <i>A little early I think. But then what do I know - I bought yesterday.
Me toooooo - oh well!!
Well, the $34 level held and even bounced back nicely, so far, from the overnight slaughter.
Silver appears to be weathering the storm of the past week.
<< <i>There are people that make a living on those up and down choppy movements. >>
There are also big banks that help create those movements only to profit from them.
"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
Up 85 cents on todays market.
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
I guess a lot depends on world events.
<< <i>I planned on buying some silver this weekend. Purchase canceled.
The seller canceled or did you? From reading your post, it would appear you changed your mind.
I am on the fence right now. If I find a good deal, I may jump but if not, I will just sit.
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
<< <i>I guess a lot depends on world events. >>
I heard in email from home this evening that the Tornado fighters from RAF Lossiemouth are on the way to visit Gaddafi.
I'm not an economist, nor do I know how to read the charts. I leave that to the pro's and just read everything I can to form a half way intelligent plan.
<< <i>According to Martin Armstrong, we want a high March PM price and a LOW June price to keep the charts going forward. If we get the opposite, low March and HIGH June price then breakout is delayed. I'm not an economist, nor do I know how to read the charts. I leave that to the pro's and just read everything I can to form a half way intelligent plan. >>
Seems that's how things appear to be headed as of the moment. Gold has been correcting for 4 months. Silver is generally following but performing much better once the liquidity tides shift. This past week's deep dips allowed Plat and Pall to retest the necklines of their May-October moves. Silver and gold retested their Dec-Feb runs.
Platinum daily chart
roadrunner
There will be no smackdown today.
<< <i>
<< <i>I guess a lot depends on world events. >>
I heard in email from home this evening that the Tornado fighters from RAF Lossiemouth are on the way to visit Gaddafi. >>
Careful.....Gaddaffy might be reading these forums........
Loose lips sink airships, you know.......
I got a feeling that he is not too worried what his gold and silver is worth but more worried about how to cover his a$$.
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
37 cents up already
Ok, now for a dump question, when you see a price quotes, say $2.00 over spot, is that over the bid or the ask price?
<< <i>Up $0.42 as of right now with a $0.05 spread between bid and ask.
Ok, now for a dump question, when you see a price quotes, say $2.00 over spot, is that over the bid or the ask price? >>
Traditionally, it is over Bid, but people can name their own Terms Of Sale. Doesn't hurt to ask the seller beforehand.
TD
<< <i>
<< <i>Up $0.42 as of right now with a $0.05 spread between bid and ask.
Ok, now for a dump question, when you see a price quotes, say $2.00 over spot, is that over the bid or the ask price? >>
Traditionally, it is over Bid, but people can name their own Terms Of Sale. Doesn't hurt to ask the seller beforehand.
TD >>
yes - it's always good to know the price before you agree to buy it
<< <i>Gas at pump will be going up too I'm sure. Better fill up early.
So will your bread, your milk and your Froot Loops. Inflation is back!!!!
roadrunner
We're a couple bucks away from them being a total ridiculous deal now. Huzzah
<< <i>In the last 3 weeks I have spent an extra $2000 stocking up on non perishables just to get a jump on things. I have plenty of room to store that stuff so why not. It will save me more money that having that money in the bank will make me. >>
pitboss, if you care to share........ what non-perishables did you buy? Did you at least buy 1 bottle of Ouzo?
<< <i>It's coming back slowly. Hum, it may even be green by the close. >>
And maybe not. I forgot it was the end of the quarter and there may be a lot of profit taking going on for appearance purposes. Will see what happens starting in April.
Silver should go up with it. GSR still living down in the low 38's which is still bullish for silver over gold.
roadrunner
Don't forget to scan over the comments below the article.
I knew it would happen.
Silver has been stagnant for a couple of days now, is it time for another move up?
<< <i>Everyone seems to assume that silver will naturally crash from current levels at some point. Interesting. I'm not that convinced.
Jim Rogers on CNBC this morning, He Says don`t sell your silver.
looking good so far!
Will it hold overnight?
figure that I am getting them at less than silver value unlike the eagles that are selling over value. These 5 ouncers could also hold value a lot
better than eagles if the market drops out on silver. The AP's are just about done selling what they have for 2010 and will start selling the
2011's shortly.
I too am happy to stock up for the impending rise in silver, regardless of future numismatic value.
I was looking over some silver round rolls to finance *another* ATB Set and may find it difficult to pull the silver-sell trigger.
I may be a bit more willing to part with cash. I am waiting for signs from below or above (the current spot pricing)......
Miles
Buying more .40 cal & .223 with some of the procedes.