Quitting while you're still ahead.

akuracy503

Raise of hands this morning...

Corrected to say for the short term riders..This will be a the biggest shakedown we've seen since January dips

Who's holding and who's selling?

With the fundamentals driving this correction I think it will dip below any support level that we've been looking for in these new highs.

gecko109

I suspect alot of speculators/investors will be selling in the "panic". Im glad im neither a speculator nor investor. I must have missed the news that the FED's printing presses broke down.

Steve27

I'm pleased to say I've already sold off the vast majority of my non-numismatic silver (looks like I caught the top for once).

OPA

Potential great buying opportunity, not only in PM's, but also in stocks.

(Not selling, but holding & looking for buys)

jmski52

I sold some silver a few weeks ago, but I'm not about to let go of any more. I may be selling some numismatic gold in order to buy some platinum. At some point, I still may be looking at some junior gold stocks.

Nothing has increased my appetite for holding dollars.

dpoole

Long terms for PMs still looks good to me, as long as the US continues to put off dealing with the financial mess. This is but a major buying opportunity coming, IMHO.

Baley

the first couple of price drops from a peak are called "buying opportunities"

only later, in hindsight, does the intermediate-term view of them sometimes shift to "selling opportunities"

RGJohn

<< <i>........ in order to buy some platinum. ........ >>



Yeah me too. And palladium ($725 as I write this) has rolled back and may be a good buy also.
China and India are becoming vehicular and will need lots of pollution devices.

goingbroke

<< <i>

<< <i>........ in order to buy some platinum. ........ >>



Yeah me too. And palladium ($725 as I write this) has rolled back and may be a good buy also.
China and India are becoming vehicular and will need lots of pollution devices. >>

But Japan and in the U.S. some car factorys have closed their doors because of the earthquake and lack of parts from Japan for even some american cars. = less pollution devices . I predict a long recovery time for Japan

57loaded

not so much hold vs selling but just holding tight.

Au and Ag are my "blankies"

JamesMurray

I rarely comment on my holdings , i won't be selling anything anytime soon.If prices continue to fall , great , i've been waiting to buy more.

percyb

Why would you sell? The trend is up, not down.

akuracy503

I saw a big shakedown coming when I originally posted this in the wee morning hours.
Although I was surprised that many experienced collectors decided to sell out, at least some of their inventory.

I am still learning the market and was able to stand firm without selling.
Definitely learned my lesson in January when I sold on the drop from fear and inexperience.

jmski52

Quitting while you're still ahead.

I'm not sure that I understand the concept of "quitting while you're still ahead".

Doesn't that somehow imply that you feel lucky to be ahead - instead of having an understanding of the monetary system and some degree of conviction in what you are doing as a precious metals investor? Hang in there and start reading different precious metals opinions from different sources.

Although I was surprised that many experienced collectors decided to sell out, at least some of their inventory.

I am still learning the market and was able to stand firm without selling.

I don't trade the market. I'm not smart enough to come away from Vegas as a sure winner, so why would I play precious metals the same way? I dunno about you, but from my own personal experience, I'm much better off if I get the big picture right and take my time.

I saw a big shakedown coming when I originally posted this in the wee morning hours.

What do you consider a big shakedown in silver? Unless you have inside information coming out of JPM, trading silver with a hair-trigger is probably not an optimal plan.

jmski52

Re: Quitting while you're still ahead.

Does this mean you are "done" with precious metals? The reason I ask is that eventually there will come a time when precious metals should be (net) sold, or a portion should be sold.

If that time is now, what are the alternatives? Any alternative ideas should clearly have advantages over holding pms. That's what this forum is for - to explore all of the alternatives and to keep on top of the trends.

Whatcha got for ideas?

It's worth a good debate.

topstuf

There's no debate. Nothing else is trustworthy. Until and unless interest rates to bondholders are WAY above either inflation (there is actually deflation now) or the uptrend in metals, there is no reason to consider any other asset for a wealth vehicle.

We've never BEEN in a scenario like now with MANY countries' currencies in danger from excess debt.

Gold WILL be made a component of any LASTING solid currency.

Those tempted to sell should consider why this bull metal mkt is so strong?

It ain't Joe 6pak. He's so broke that it is DRIVING The printing of crap "money.'

COLLAPSE is more in the mix than ever before.

yellowkid

We live in perilous economic times and my holdings are a means of diversification. I can't see myself selling them for any reason right now, or in the immediate future.

derryb

<< <i>I'm pleased to say I've already sold off the vast majority of my non-numismatic silver (looks like I caught the top for once). >>


I caught the top once at $16. Not as happy now as I was then.

themaster

Short term: Dip, and maybe serious dip! JMO

Have a Great Day!
Louis

Bear

When in doubt, sell half, take profit and keek half just in case.