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Did anyone notice the wide swngs in the Asia market

JulioJulio Posts: 2,501 ✭
in Precious Metals
Or was it just me? Take care. jws
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Comments

  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭
    Lot of volitility today. Somebody oil the fan!
    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.
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    a little pumping to the SP500 by the FOMC's puppets will move metals back up, stand by. Look for today's bottom with equities and move in on metals.

    "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: 19,100 ✭✭✭✭✭
    Conspiracy.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    a little pumping to the SP500 by the FOMC's puppets will move metals back up, stand by. Look for today's bottom with equities and move in on metals

    I sure hope so. This low $30's stuff on Ag is sooooo manipulated it isn't funny anymore.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>Conspiracy. >>


    Conspiracy - An agreement to perform together an illegal, wrongful, or subversive act.

    For those that refuse to see it, this is the purpose of the FOMC's covert plunge protection team that is run by the executive branch's economic advisors. Manipulating markets by anyone other than the FOMC normally brings the wrath of the SEC.

    Those that just can't believe such a thing could possibly happen and that our market masters should be fully trusted need only look at WHEN the takedowns occur: always during metals' US trading hours. Trading with this knowledge in lieu of without it can be profitable.

    "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: 19,100 ✭✭✭✭✭
    Trading with this knowledge in lieu of without it can be profitable.

    Wait till tomorrow when gold is down $20.image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>Trading with this knowledge in lieu of without it can be profitable.

    Wait till tomorrow when gold is down $20.image >>


    I was under the impression that you realized there were ETFs that make money when a metal goes up and there are ETFs that make money when a metal goes down. My apologies for assuming. image

    "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: 19,100 ✭✭✭✭✭


    << <i>

    << <i>Trading with this knowledge in lieu of without it can be profitable.

    Wait till tomorrow when gold is down $20.image >>


    I was under the impression that you realized there were ETFs that make money when a metal goes up and there are ETFs that make money when a metal goes down. My apologies for assuming. image >>



    Why would you make such an assumption like that? I never said anything about trading ETFs, but rather my "knowledge" of the move that gold will make tomorrow. Afterall, I am part of the PPT.image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    bring it on down. image

    "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

  • JulioJulio Posts: 2,501 ✭
    I'm mainly a silver guy wanting to buy more, So for me going down is good. Take care. jws
    image
  • tneigtneig Posts: 1,505 ✭✭✭
    Ditto on waiting for silver to go down, more so before jumping on gold.
    COA
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Gold was extremely resilient today. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • JulioJulio Posts: 2,501 ✭
    I just wonder how much N. Korea, etc. has to do with all this. My guess is not that much. I do believe the upcoming Events in China are playing a part. I'll know when the regime change is done.
    image
  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    I would think if the stock market dived it would take metals along with it like in 08. What is different this time? Cash is better now I would think.
    Montana State Quarter Die Clash

    Box of 20
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>bring it on down. image >>




    Probably not this week. image

    Well, next week's GLD, SLV, GDX and stock market OE week gives another chance to whack a mole starting Tuesday afternoon or Wed. if the usual events transpire.
    Strong volume move today in the Euro. Risk on again switch was flipped.

    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>I just wonder how much N. Korea, etc. has to do with all this. My guess is not that much. I do believe the upcoming Events in China are playing a part. I'll know when the regime change is done. >>



    China GDP release today will be a potential market mover. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    I would think if the stock market dived it would take metals along with it like in 08. What is different this time? Cash is better now I would think.

    cohodk's got me so skiddish about gold that I've got cash piling up and I'm just sitting on it looking stupid.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭
    Dont be scared. If you like it then buy it. If you have a comfortable position then hold. If adding more would make you uncomfortable, then wait. Your paper dollars will still buy bread next year. I just dont see any reason to be in a hurry to get rid of them. You never know when a great opportunity will arise. Always be prepared to take advantage.

    If I was a die hard PM investor then I would focus much more on gold than silver, even though there are periods when silver will outperform, but in the long run, gold is a much better "store of value".



    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • CaptHenwayCaptHenway Posts: 32,115 ✭✭✭✭✭
    Cue the roller coaster picture!
    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.
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>

    Well, next week's GLD, SLV, GDX and stock market OE week gives another chance to whack a mole . >>



    Pamela Anderson has been notified.
  • JulioJulio Posts: 2,501 ✭
    MJ yes it will. They seem to be a having a problem with the regime change, it's gettng nasty. Time will tell. Take cafe. jws
    image
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