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$32** floor $35** ceiling?

MsMorrisineMsMorrisine Posts: 34,114 ✭✭✭✭✭
in Precious Metals
do we have a trading range for now?



** +/- 50 cents
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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Comments

  • derrybderryb Posts: 37,280 ✭✭✭✭✭
    we always have the last price paid, everything else is speculation.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    I think the lower bound of the current trading range will be sub $30.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • mariner67mariner67 Posts: 2,746 ✭✭✭


    << <i>we always have the last price paid, everything else is speculation.[/q

    image
    Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
  • OPAOPA Posts: 17,133 ✭✭✭✭✭


    << <i>do we have a trading range for now? >>



    It's been breached in overseas markets.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I think the lower bound of the current trading range will be sub $30

    image $27 is the floor, $32 is the ceiling now. We're in the next leg down.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • tneigtneig Posts: 1,505 ✭✭✭
    Speculation is ok. It helps. Has there been any consistent speculation sources that have been correct a measurable majority of the time?

    Trying to hold a little on the buying for a little lower, but not wanting to miss this hole.
    Seems we are on a long run sideways roller coaster. That is, until it changes.
    COA
  • derrybderryb Posts: 37,280 ✭✭✭✭✭
    buy when your gut tells you to. you will be either right or wrong in the short term but if you plan on holding for a while, short term is most likely irrelevent.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • guitarwesguitarwes Posts: 9,282 ✭✭✭


    << <i>buy when your gut tells you to. you will be either right or wrong.... >>



    In mid-May of this year I had inguinal hernia surgery and while I was laid up in bed I was watching silver dip into the high 25's and my gut was telling me something fierce to BUY BUY BUY. Didn't know if it was the Percocet and Phenergan talking or the 5 inch slit in my gut, but I ended up missing that buy hole. This was also when Facebook went public My gut feeling was right on that......absolutely a no buy.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • MsMorrisineMsMorrisine Posts: 34,114 ✭✭✭✭✭
    edited OP
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Now in the final leg of the "next leg" down. 4-6 week correction. Already had 3 hits to silver. Today was the start of the 4th.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jmski52jmski52 Posts: 23,060 ✭✭✭✭✭
    The dollar is strong today. Beats me why.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭


    << <i>The dollar is strong today. Beats me why. >>



    Dollar putting in its second up leg since the bottom at 78.93 four days ago. Briefly took a rest at 79.5 before heading up to 80.0.
    Suspect it will continue up to at least 80.2 and possibly 80.7 this week. It's strong because the Euro was weak.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • jmski52jmski52 Posts: 23,060 ✭✭✭✭✭
    The stock market is at 13,129 off 1.6%. Gold is at $1,709, off 1.2%. The other pms are off more than 2%.

    If everything starts dropping for the next few weeks, it may be smart to start figuring the relative percentages instead of price levels.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    So, if prices went up because the Fed created more dollars, now that prices are going down, does that mean the Fed is now destroying dollars? image

    Liberty: Parent of Science & Industry

  • guitarwesguitarwes Posts: 9,282 ✭✭✭

    The Fed created a short-term "feel good" effect. Makes people feel warm and fuzzy and trusting. Like telling someone it's gonna be ok and throwing them a mink coat while theyre in the water in the middle of the Bering Sea in January........at the same time they're being eaten by a 26' Great White shark.
    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • derrybderryb Posts: 37,280 ✭✭✭✭✭


    << <i>So, if prices went up because the Fed created more dollars, now that prices are going down, does that mean the Fed is now destroying dollars? image >>


    It means the FED is not even good at destorying them when compared to the Europeans. Race to the bottom, my friend, Euro takes the lead. Dollar index is 47% weighted by the euro.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • jmski52jmski52 Posts: 23,060 ✭✭✭✭✭
    So, if prices went up because the Fed created more dollars, now that prices are going down, does that mean the Fed is now destroying dollars?

    What makes you think that prices are going down? Are you somehow better off now than you were 8 hours ago?image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭


    << <i>So, if prices went up because the Fed created more dollars, now that prices are going down, does that mean the Fed is now destroying dollars? image >>



    The FED is always in the thick of creating more dollars and more debt. There is no other alternative. The fact that prices still move up and down despite this is
    just part of economic/business cycles. Gold and Silver have moved steadily up for 10 yrs in spite of some good whacks along the way. Short term prices can do most
    anything when you have no real regulation or position limits on the futures and an unlimited pile of otc derivatives to play with.
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 37,280 ✭✭✭✭✭
    buy with euros.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    Silver and gold looks to be getting off rather cheaply all thing considered in this latest stock market sell off. 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......
  • DrBusterDrBuster Posts: 5,430 ✭✭✭✭✭
    Cash is king for the next season or so. Blip in the road long term. Keep the opportunity eyes open.
  • OPAOPA Posts: 17,133 ✭✭✭✭✭


    << <i>Silver and gold looks to be getting off rather cheaply all thing considered in this latest stock market sell off. MJ >>



    Today's lossess

    DJIA -1.82%
    NASDAQ -0.88%
    S&P -1.44%

    PM's

    Gold -1.26%
    Silver -2.40%
    Plat. -2.37%
    Pal. -4.97%

    and the winner is: Rhodium -8.00%
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OPAOPA Posts: 17,133 ✭✭✭✭✭


    << <i>Cash is king for the next season or so. Blip in the road long term. >>



    Cash has never left that lofty place.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • DrBusterDrBuster Posts: 5,430 ✭✭✭✭✭


    << <i>

    << <i>Cash is king for the next season or so. Blip in the road long term. >>



    Cash has never left that lofty place. >>



    It poops on opportunity and goes down when the timing is right. Cheap metal is an opportunity to consider.
  • OPAOPA Posts: 17,133 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Cash is king for the next season or so. Blip in the road long term. >>



    Cash has never left that lofty place. >>



    It poops on opportunity and goes down when the timing is right. Cheap metal is an opportunity to consider. >>



    There is no such animal as "cheap metal."image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • DrBusterDrBuster Posts: 5,430 ✭✭✭✭✭


    << <i>

    There is no such animal as "cheap metal."image >>



    Or expensive paper monster.
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>

    << <i>Silver and gold looks to be getting off rather cheaply all thing considered in this latest stock market sell off. MJ >>



    Today's lossess

    DJIA -1.82%
    NASDAQ -0.88%
    S&P -1.44%

    PM's

    Gold -1.26%
    Silver -2.40%
    >>



    Usually when equities poop the bed the metal sell off is even more pronounced or exacerbated. The last couple equity sell offs (the past few sessions) haven't been as dramatic.

    Anyways, when equities sell off there are not a lot of places to hide on the long side.

    I still like the way banks are behaving during this recent storm.

    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......
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,457 ✭✭✭✭✭
    There's a good time in and a good time-out. Who's in a Time-Out ?
  • RedneckHBRedneckHB Posts: 19,399 ✭✭✭✭✭
    MJ,

    Look at BKX.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>MJ,

    Look at BKX. >>



    It has it's own monitorimage Tomorrow will be telling. I like the index to bounce here. I'm on a flight back to Asia tomorrow. I didn't love what I saw two weeks ago. Taking another peek. I can't figure a couple things out in Japan.

    I'm on auto pilot trade wise for the balance of the week.

    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......
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I'm on auto pilot trade wise for the balance of the week

    I've never had luck being on auto pilot trade mode. Seems like too often I get tripped into an option, only for the b'tards to take the value down on me. The MM's know buy/sell points and do this because they can. I prefer to trade live.
    I equate it to putting in a bid on a coin or silver bar on eBay 2 days before the auction ends. You will always get taken out...when you could've waited til the auction was ending a pick a price based on what it is at that time.
    Seems to make a huge difference in my trading,,, just to mention. Anyone else feel like this happens to them more often than you think it should?
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • RedneckHBRedneckHB Posts: 19,399 ✭✭✭✭✭
    I can't figure a couple things out in Japan

    Who can?

    I have the index right on the 50dma and uptrend line. R2K, INDU, NAZ also on yr long uptrend lines. A break will be quite pronounced. Metals would not be immune.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>I'm on auto pilot trade wise for the balance of the week

    I've never had luck being on auto pilot trade mode. Seems like too often I get tripped into an option, only for the b'tards to take the value down on me. The MM's know buy/sell points and do this because they can. I prefer to trade live.
    I equate it to putting in a bid on a coin or silver bar on eBay 2 days before the auction ends. You will always get taken out...when you could've waited til the auction was ending a pick a price based on what it is at that time.
    Seems to make a huge difference in my trading,,, just to mention. Anyone else feel like this happens to them more often than you think it should? >>



    There are ways to protect yourself from this. I find setting trades w/conditions the way to go. The right on line platform and broker help as well. I get better fills on auto pilot sometimes then when I trade live. It also takes all the emotion out of the trade. I also usually only trade highly liquid stocks/options with thin spreads.

    Dave, I wanted to start buying Japanese equities but now I'm not to sure after my last visit. Some things at odds with each other. Taking another sniff.

    <<I have the index right on the 50dma and uptrend line. R2K, INDU, NAZ also on yr long uptrend lines. A break will be quite pronounced. Metals would not be immune>>

    I read it the same way.

    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......
  • OPAOPA Posts: 17,133 ✭✭✭✭✭
    I suspect that the $27 -$35 trading range continues to be exploited.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 37,280 ✭✭✭✭✭


    << <i>So, if prices went up because the Fed created more dollars, now that prices are going down, does that mean the Fed is now destroying dollars? image >>


    FED has been destroying dollars since 1913. Occasionally they can't even get that right.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Must I keep pounding the table? $32.50 is to $32 as $35.50 was to $35, a last gasp for air. After today, $31 is to $30 as $32.50 was to $32. It's a death march, end of story.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • OPAOPA Posts: 17,133 ✭✭✭✭✭


    << <i>Must I keep pounding the table? $32.50 is to $32 as $35.50 was too $35. After today $31 is to $30 as $32.50 was to $32. It's a death march, end of story. >>



    I disagree with your analysis....It's a successful retreatimage
    So keep on pounding that table
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MilesWaitsMilesWaits Posts: 5,395 ✭✭✭✭✭


    << <i>Must I keep pounding the table? $32.50 is to $32 as $35.50 was to $35, a last gasp for air. After today, $31 is to $30 as $32.50 was to $32. It's a death march, end of story. >>



    POM: What? No one wants to admit they went for the head fake?
    Silver aint ever gonna see $30 again, you (may have) heard it here first. Sorry to break the bad news.
    Not trying to be a downer, just being realistic. Dont kill the messenger.

    Me: Beginning of story? Been here before.....
    Now riding the swell in PM's and surf.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Amazing people still think that comment wasn't tongue n cheek Miles. I expect more from you, I'm dissapointed. image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 37,280 ✭✭✭✭✭
    It's quite simple - those that believe the long term outlook for metals is strong should hold/buy, those that don't should avoid/sell.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>Must I keep pounding the table? $32.50 is to $32 as $35.50 was to $35, a last gasp for air. After today, $31 is to $30 as $32.50 was to $32. It's a death march, end of story. >>



    So is this statement "tongue and cheek" also? Just curious. 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: 23,060 ✭✭✭✭✭
    "It will fluctuate". JP Morgan, about the stock market. Equally applicable to gold & silver (and platinum).

    "They stab it with their steely knives, but they just can't kill the beast". The Eagles, Hotel California. Equally applicable to the gold and silver markets (and platinum).
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MsMorrisineMsMorrisine Posts: 34,114 ✭✭✭✭✭
    it was fun while it lasted.

    this was supposed to be because less of a need for QEternal.

    When will they catch on to the debt load we will have to service once the economy picks up?


    rock-hard place
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    So today the following happens in conjunction with the jobs report

    Gold @$1675
    Silver @ $31.00
    The Dow pulls back 130 pts.

    The sky is falling. All is lost. It will never go back up.

    The end

    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......
  • MilesWaitsMilesWaits Posts: 5,395 ✭✭✭✭✭

    POM: Done lost it about a year ago from my perspective. Only really been buying 2 things since...deals that are too good to pass up, or eye catchers like bars I've never seen before. I highly doubt silver will see $30 again if I live to be 90 (I'm 46). There might be one more once in a lifetime run in the next 45 years. Expecting anything else I feel is a happy place I just can't picture. Sorry, all jmho.

    So, jmho or jahf (just a head fake) or jtic (just tongue in cheek)?? JW: Just wondering.

    << Silver aint ever gonna see $30 again, you (may have) heard it here first. Sorry to break the bad news.
    Not trying to be a downer, just being realistic. Dont kill the messenger. >>



    Now riding the swell in PM's and surf.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Silver never going to see $30 again comment...tongue n cheek sarcasm with a touch of disgust for those pounding the table at the time that if QE3 came it would hit new highs. Really, some of you took this seriously by me saying it wouldnt hit something that was only $2 away in the next 45 years...REALLY? You couldn't se the sarcasm in that? Really?

    Silver on it's current death march...My honest to God gut feeling and can't see how it could be denied.

    There it is, clarity for those of you who can't determine tongue n cheek vs. honest feelings. Hope it helps.
    I wish there was a way for all of us to meet so you could actually meet me to see the look on my face when I say something. I guess I'm just the kind of person that is going to have to spell everything out for others to understand what, and HOW I say something.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    And another thing, if you think $27 to $35 is a good move after QE-indefinite being implemented, you have very low expectations.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • PokermandudePokermandude Posts: 2,713 ✭✭✭


    << <i>There it is, clarity for those of you who can't determine tongue n cheek vs. honest feelings. Hope it helps.
    I wish there was a way for all of us to meet so you could actually meet me to see the look on my face when I say something. I guess I'm just the kind of person that is going to have to spell everything out for others to understand what, and HOW I say something. >>



    Agreed it is hard to pick up any implied sarcasm or "tongue in cheek" comments when they could easily be one's actual sentiments. That's what the winky or tongue poking out smiley faces are for.

    FWIW, a good part of the frustration towards you on this board is due to others taking your previous comments at face value, then you defending yourself by saying that was just tongue in cheek or whatever. To us it just looks like backtracking.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>And another thing, if you think $27 to $35 is a good move after QE-indefinite being implemented, you have very low expectations. >>



    A 30% move would be deemed a great move by most sane traders and stackers alike. You could make a fortune on that one move. 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......
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭


    << <i>

    << <i>There it is, clarity for those of you who can't determine tongue n cheek vs. honest feelings. Hope it helps.
    I wish there was a way for all of us to meet so you could actually meet me to see the look on my face when I say something. I guess I'm just the kind of person that is going to have to spell everything out for others to understand what, and HOW I say something. >>



    Agreed it is hard to pick up any implied sarcasm or "tongue in cheek" comments when they could easily be one's actual sentiments. That's what the winky or tongue poking out smiley faces are for.

    FWIW, a good part of the frustration towards you on this board is due to others taking your previous comments at face value, then you defending yourself by saying that was just tongue in cheek or whatever. To us it just looks like backtracking. >>



    beep beep beep beep beep beep beep

    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......
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