We have approached a critical point

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piecesofme
piecesofme Posts: 6,669 ✭✭✭
in Precious Metals
I'm very interested to see what happens now that we have approached the range of the last bottom.
image
To forgive is to free a prisoner, and to discover that prisoner was you.

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  • derryb
    derryb Posts: 38,605 ✭✭✭✭✭
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    IMF to purchase $2B in gold

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • Baley
    Baley Posts: 22,663 ✭✭✭✭✭
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    Time to "bail out" the metals? image

    Liberty: Parent of Science & Industry

  • tneig
    tneig Posts: 1,505 ✭✭✭
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    The top part of the graph above shows things are happening but that's ok.

    The bottom part of the chart showing the EKG of investers is showing great distress.
    Keep the metal, watch the stress.

    Seriously, what would people do, sell/get out at a loss.

    image
    COA
  • secondrepublic
    secondrepublic Posts: 2,619 ✭✭✭
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    Meh.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • TWQG
    TWQG Posts: 3,145 ✭✭
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    Sell last April 2011 like Justacommeman said to.
    My eBay store
  • topstuf
    topstuf Posts: 14,803 ✭✭✭✭✭
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    If you're getting out at a loss, you didn't buy when you should have.
  • piecesofme
    piecesofme Posts: 6,669 ✭✭✭
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    Boy! These threads get personal quick even when there was nothing said to provoke such resentment. Oh well, with all the hate and discontent that is in the market between buyers and sellers right now, it's to be expected I suppose.
    btw...who said they were getting out, didn't buy when they should've or selling for a loss??? A chart was posted to show we're at a critical point, that's all.


    IMF to purchase $2B in gold

    Too late! Sadly, due to QE's, $2B doesn't go as far as it use to. Is that irony or what?
    With metals, it's not about how many $'s is being invested, it's about ow much weight is being purchased.

    To forgive is to free a prisoner, and to discover that prisoner was you.
  • johnny9434
    johnny9434 Posts: 34,051 ✭✭✭✭✭
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    id still like to stock up on silver when it does get down lowwwwwwwwwww
  • Timbuk3
    Timbuk3 Posts: 11,658 ✭✭✭✭✭
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    Still buying if the price is right !!!
    Timbuk3
  • fc
    fc Posts: 12,805 ✭✭✭
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    I am a buyer of silver at 10 dollars. Maybe a few more years I can get back in.
  • DrBuster
    DrBuster Posts: 5,446 ✭✭✭✭✭
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    Pirates don't stop treasure hunting, why should you.
  • Pokermandude
    Pokermandude Posts: 2,713 ✭✭✭
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    << <i>I am a buyer of silver at 10 dollars. Maybe a few more years I can get back in. >>



    I think you'll have to become a hotel coin buyer for that, good sir!
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • LukeMarshall
    LukeMarshall Posts: 2,212 ✭✭✭✭✭
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    Buy the Dips?

    It's all about what the people want...

  • pmcollectour
    pmcollectour Posts: 1,211 ✭
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    I think I will start buying again if it hits 1,450.
    I have some ideas in the 1450-1350 range, if we get there.
  • Justacommeman
    Justacommeman Posts: 22,852 ✭✭✭✭✭
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    << <i>Sell last April 2011 like Justacommeman said to. >>



    I was hopping for better cooperation. That way the inevitable PM whining would have been kept to a bare minimum and a more manageable numberimage

    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......
  • gsa1fan
    gsa1fan Posts: 5,566 ✭✭✭
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    << <i>

    << <i>Sell last April 2011 like Justacommeman said to. >>



    I was hopping for better cooperation. That way the inevitable PM whining would have been kept to a bare minimum and a more manageable numberimage

    mj >>




    imageimage
    Avid collector of GSA's.
  • tneig
    tneig Posts: 1,505 ✭✭✭
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    Was that it? Was that the bottom at the wee hours, at 27.91?
    COA
  • PerryHall
    PerryHall Posts: 47,749 ✭✭✭✭✭
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    << <i>

    << <i>I am a buyer of silver at 10 dollars. Maybe a few more years I can get back in. >>



    I think you'll have to become a hotel coin buyer for that, good sir! >>

    image

    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

  • derryb
    derryb Posts: 38,605 ✭✭✭✭✭
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    Jim Willie: Gold ETF Raid Imminent As China Flushes J.P. Morgan of Physical

    Jim Willie: USDOLLAR VS GOLD

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

  • EagleEye
    EagleEye Posts: 7,677 ✭✭✭✭✭
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    Derryb:

    Your link about IMF buying gold looks like opinion, not fact.

    IMF to purchase $2B in gold


    If you check the underlying news story they reference, there is no mention about buying gold, just adding to its "precautionary reserves" , which may be cash on hand.

    The underlying news story says nothing about IMF buying gold

    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • mhammerman
    mhammerman Posts: 3,769 ✭✭✭
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    Is this what Mr. Willie is talking about?
  • roadrunner
    roadrunner Posts: 28,374 ✭✭✭✭✭
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    << <i>Jim Willie: Gold ETF Raid Imminent As China Flushes J.P. Morgan of Physical

    Jim Willie: USDOLLAR VS GOLD >>



    Looking bank to the April 24th article, it seems Jim got the direction of the gold and dollar moves backwards. At least for now.
    The latest article sort of covers up this miss by stating a Chinese gold raid is in progress. The market is going to go where it wants to go.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold

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