Kitco is making me crazy...
tneig
Posts: 1,505 ✭✭✭
Ok, spot what? I didn't even know what this meant a short time ago. First heard of this in a book about Survival Preparation, and I went and bought some MRE's, and started looking for silver dimes.
Now my damm day is based on spot, or the representation of it. Is today a good day? Boy, he's selling way over spot? I got some good deals at spot? .... I look at the charts and my heart skips when there's a spike up or a spike down. In fact there are nothing but spikes and their poking into my brain!
If you look at the hourly, your heartbeat and breathing sync with it. If you look at the daily, you spend you day wondering if its going up or down, or if its a midday slump, and what the last hour recovery will be. If you look at a week, you get a chance to breath and look back a bit, to see any sudden overall shifts. Then if you start looking at the broader scope, like for me watching it go up for several months, just to come back to the starting point, you want to kick the computer. You realize that hourly spikes get more rounded, the broader you look, and overall max incline is still realitively ok, Or, is it? I just don't know!
Then you study the descriptions of the charts and the projections of what each cycle, dip, and spike means and how the chart will dictate the price tomorrow, rather that the value or trading of the item itself.
By this time, you are either rich, broke, and/or most likely crazy. You live and breath spot, as it relates to every transaction you are doing or even just thinking about.
You hold a dollar in your hand and you have to put a silver or gold coin in your other hand, just to figure out what each is worth at the moment. You walk into a grocery store, and in your head, you hold the box of cereal and think; is it a good time to buy, or sell, or hold.. What to do, what to do!
Kitco has made me crazy!
Now my damm day is based on spot, or the representation of it. Is today a good day? Boy, he's selling way over spot? I got some good deals at spot? .... I look at the charts and my heart skips when there's a spike up or a spike down. In fact there are nothing but spikes and their poking into my brain!
If you look at the hourly, your heartbeat and breathing sync with it. If you look at the daily, you spend you day wondering if its going up or down, or if its a midday slump, and what the last hour recovery will be. If you look at a week, you get a chance to breath and look back a bit, to see any sudden overall shifts. Then if you start looking at the broader scope, like for me watching it go up for several months, just to come back to the starting point, you want to kick the computer. You realize that hourly spikes get more rounded, the broader you look, and overall max incline is still realitively ok, Or, is it? I just don't know!
Then you study the descriptions of the charts and the projections of what each cycle, dip, and spike means and how the chart will dictate the price tomorrow, rather that the value or trading of the item itself.
By this time, you are either rich, broke, and/or most likely crazy. You live and breath spot, as it relates to every transaction you are doing or even just thinking about.
You hold a dollar in your hand and you have to put a silver or gold coin in your other hand, just to figure out what each is worth at the moment. You walk into a grocery store, and in your head, you hold the box of cereal and think; is it a good time to buy, or sell, or hold.. What to do, what to do!
Kitco has made me crazy!
COA
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Comments
Or is it?
Liberty: Parent of Science & Industry
Take the advice of several forum members here and stack a little along and along for long term (if that's what your goal is). It will make purchases more enjoyable and less strenuous. You'll have alot more hair and it won't turn grey as quick.
Too many positive BST transactions with too many members to list.
You have to get the APMEX app for your phone! Gold, Silver, Platinum & Palladium spot prices at touch of a button!
In God We Trust.... all others pay in Gold and Silver!
Knowledge is the enemy of fear
After near panic has taken your appetite a few times and your only reaction is to run fast and sell at whatever you can get before it all goes to zero.
Then comes the big jump and you get mad that you didn't put your last dime in at the lower prices when you had a chance, now you won't get any more as the price flies into the sky, out of your reach forever.
And then you start to get up in the middle of the night to see whats happening in Asia, should you sell first thing in the AM??
Oh what a roller coaster it is.
Then read JSmineset and be calm, its all going the way it should, get some sleep.
Another idea, look at bulliondirect.com, those are REAL buy/sell prices. Kitco is just reporting the manipulated paper market. Its often hard to buy and sell at those prices.
In God We Trust.... all others pay in Gold and Silver!
I knew it would happen.