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Anyone watching CNBC- Silvers going over $100

jkaljkal Posts: 116
in Precious Metals
That was one comment, another was a $7 pop in one day, when that happens, its over in the short term but maybe not the long term. As a stacker with a long term investment strategy, the fast runup is interesting. The good news is obvious, but it takes me out of the market and now the the big boys are involved they will leverage it big time and create some big bubble and figure out a way to screw it all up for all of us.

Comments

  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    I was just going to post the same thing!

    I had to laugh at these guys though.

    NOW they recommend silver.

    Where were they last October when silver was at $18??

    Back then most of them were laughing at Peter Schiff's PM predictions.
    "Gold is money, and nothing else" (JP Morgan, 1912)

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

    "I only golf on days that end in 'Y'" (DE59)
  • RedHerringRedHerring Posts: 2,077 ✭
    $100 is very possible. Don't see it happening this spring but within 18 months? Very possible.

    Will we all be kicking ourselves for not buying that 1,000oz bar at $46? image
  • JulioJulio Posts: 2,501 ✭
    If/when silver goes to a $100.00, those who bought today will be very happy. Take care. jws
    image
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    and just yesterday Cramer was dissing it, big time. he's been back and forth on PM, just his schtick, i guess.

    who knows what he'll say today
  • Bayard1908Bayard1908 Posts: 4,046 ✭✭✭✭
    Eric Sprott has been saying $100 for a while
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    $100? That's low-balling. image
  • cladkingcladking Posts: 28,637 ✭✭✭✭✭


    << <i>That was one comment, another was a $7 pop in one day, when that happens, its over in the short term but maybe not the long term. As a stacker with a long term investment strategy, the fast runup is interesting. The good news is obvious, but it takes me out of the market and now the the big boys are involved they will leverage it big time and create some big bubble and figure out a way to screw it all up for all of us. >>




    Ignore the pundits and start selling when your brother in law buys and
    try to be out completely when the shoe shine boy suggests silver. This
    is really pretty simple if you just go against the crowds all the time.

    Some people might be tempted to sell when CNBC says buy but even a
    stopped clock is right twice a day and the proverbial brother in law isn't
    even tempted yet. He's calling it a bubble.

    We should be safe for now but everything's a gamble.
    Tempus fugit.
  • jkaljkal Posts: 116
    I actually felt better when it was a little more under control. i agree with the Peter Schiff comment, those guys on CNBC have been a part of the Great Bank Robbery as far as I am concerned. Here we have an investment that is going crazy and all they can talk about is Apple. Peter called it and they laughed at him. If you read his book, we are only in the early innings of a 9 inning game.
    I have become very suspicious of the CNBC crew (except Erin, she is OK no matter what), its almost like they are employed by the Hamptons residents formally known as investment bankers.
    Here is to us little guys that plodded along and went with our gut feelings and didn't let the so called experts lead us to more of their profits. What now?
  • JoesMaNameJoesMaName Posts: 1,064 ✭✭✭


    << <i>
    Ignore the pundits and start selling when your brother in law buys and
    try to be out completely when the shoe shine boy suggests silver. This
    is really pretty simple if you just go against the crowds all the time. >>



    I have a problem with your statement, I'm no shoe shine boy but
    I am a bother in law who's been buying and telling my bros to buy for years! image

    ...
  • pitbosspitboss Posts: 8,643 ✭✭✭

    Anyone that watches CNBC is sure to get it right LAST.
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    I've got a perfect indicator for the silver top.

    A friend of mine bought silver in 1980 for $40 an ounce. He paid $2000 for a 50 ounce bar.

    When he buys this time around, I'll be sure to tell everyone here, because it most definitely will be the topimage
    "Gold is money, and nothing else" (JP Morgan, 1912)

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

    "I only golf on days that end in 'Y'" (DE59)
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    jkal, based on your comments I'd say that you have a pretty good handle on it. You'll get plenty of perspective and debate in this forum, and I find that to be useful in making serious decisions about my own precious metals positions.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The huge 30 yr. cup formation in silver projects out to about $100 on a linear scale. On a semi-log scale it projects out to around $380.
    $100 seems conservative.

    As a part time job I drive a limo for the shoe shine boy. image

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jkaljkal Posts: 116
    One of the reasons that I started investing in gold and silver is because nobody else was (except all of you fellow readers). In 2005 I couldn't believe that gold 20's were $30 over spot, $500-$550, in a PCGS or NGC holder graded 62-63. Silver halves were $50 a roll. I was the only I buy old coins in my local newspaper read by 750,000 readers.
    Now I have 15 Gold buyers in bold print ahead of me in the same newspaper. By the time someone calls me, its like they have talked to 10 other people and are so informed I can't even get a word in.
    I like going against the herd. This run in PM's means in am in the herd and I am not as comfortable. I will admit though its cool to sit back and watch all of this unfold. How many years have we been reading about what is happening now, only its happening faster than I thought that it would.
    The single event that was a clear as day signal to go all in was the 2008 tarp trillion dollar loan so the investment bankers could continue to receive their bonus payments and our national dept would be out of control.
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    The single event that was a clear as day signal to go all in was the 2008 tarp trillion dollar loan so the investment bankers could continue to receive their bonus payments and our national dept would be out of control.

    If that were the only signal, it would've been bad enough. We think pretty much alike.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • RedHerringRedHerring Posts: 2,077 ✭


    << <i>As a part time job I drive a limo for the shoe shine boy. >>



    Humble yet lovable! image
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭


    << <i>I've got a perfect indicator for the silver top.

    A friend of mine bought silver in 1980 for $40 an ounce. He paid $2000 for a 50 ounce bar.

    When he buys this time around, I'll be sure to tell everyone here, because it most definitely will be the topimage >>


    Does he still have the bar? If so, he can now brag about what a great investment he made! image

    My Adolph A. Weinman signature :)

  • cladkingcladking Posts: 28,637 ✭✭✭✭✭


    << <i>

    << <i>
    Ignore the pundits and start selling when your brother in law buys and
    try to be out completely when the shoe shine boy suggests silver. This
    is really pretty simple if you just go against the crowds all the time. >>



    I have a problem with your statement, I'm no shoe shine boy but
    I am a bother in law who's been buying and telling my bros to buy for years! image >>




    I'm starting to get a little nervous, too. I'm starting to feel like a crowd is
    gathering around me and it's time to go. Daniel Boone was said to have moved
    when he could see smoke from a neighbor's chimney.

    I'm not the brother in law who gets in last. Actually I don't have any like
    that but do have a friend who constitudes an excellent contrary indicator on
    all things financial.

    I'm a big fan of anecdotal evidence since it's one thing the liars with statistics
    can't touch. For now I think I'll just try to stick it out and see if the crowd is
    really all that close or I'm just smelling smoke.
    Tempus fugit.
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