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Nice move in the metals today......

DoubleEagle59DoubleEagle59 Posts: 8,347 ✭✭✭✭✭
in Precious Metals
The start of something special perhaps?
"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)

Comments

  • jmski52jmski52 Posts: 23,018 ✭✭✭✭✭
    I hadn't looked at the charts today, but it looks like the metals got hit hard in NY right out of the gate today, and then made a very strong comeback. In my opinion, most PM investors are pretty used to the usual tactics these days.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i>The start of something special perhaps? >>



    Derryb bought all those eagles, Im starting to think he can move markets image
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • derrybderryb Posts: 37,206 ✭✭✭✭✭


    << <i>

    << <i>The start of something special perhaps? >>



    Derryb bought all those eagles, Im starting to think he can move markets image >>


    If I could only move them in my direction. Didn't dump some DSLV when I should have, greed overcame fear.

    Repetition of ignorance is ignorance raised to the power two.

  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    Oh bummer. My assumption was that you sold the paper to buy the physical. You went against your own rule!
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • VanHalenVanHalen Posts: 4,175 ✭✭✭✭✭
    I bought 100ozs of physical Ag at $29.50 scheduled for delivery today. image

    I hope these $31+ numbers hold for a couple more days. I'm a small player but $200 would come in handy. image
  • derrybderryb Posts: 37,206 ✭✭✭✭✭


    << <i>Oh bummer. My assumption was that you sold the paper to buy the physical. You went against your own rule! >>


    paper is in ROTHs, can't use it to buy physical for two more years. I buy physical bullion with collector coin profits. Silver will continue to bounce up and down, that's why I play it with paper.

    I only missed THIS bounce, will wait for the next. A little piece of me says it will be Friday. image

    VanHalen, there are no small players in metals.

    Repetition of ignorance is ignorance raised to the power two.

  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <i> I buy physical bullion with collector coin profits. >>



    I didnt realize you did that well with the 2012 $50 Unc's image

    Happy you were able to add to the stack. If thats an add, cant imagine what the stack looks like lol
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • derrybderryb Posts: 37,206 ✭✭✭✭✭


    << <i>

    << <i> I buy physical bullion with collector coin profits. >>



    I didnt realize you did that well with the 2012 $50 Unc's image >>



    sold a whole lot of MS70's (2011's as well) to a cable shopping network.

    Repetition of ignorance is ignorance raised to the power two.

  • OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
    Alot of Blue Steel stocks are up today as well

    Steve
    Promote the Hobby
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Sure hope so !!!
    Timbuk3
  • DoubleEagle59DoubleEagle59 Posts: 8,347 ✭✭✭✭✭
    Silver is in an interesting spot.

    Major flag formation.

    Will it break through or fall lower?

    image
    "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)
  • BaleyBaley Posts: 22,663 ✭✭✭✭✭
    it could very well trade between 30 and 35 all year long

    Liberty: Parent of Science & Industry

  • derrybderryb Posts: 37,206 ✭✭✭✭✭
    i expect below 30 before 35.

    Repetition of ignorance is ignorance raised to the power two.

  • OPAOPA Posts: 17,131 ✭✭✭✭✭
    Another head fake? $30 - $32 range seems to be the norm.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    The Fed has not moved rates since Dec 2008. That is a long time. They are not likely to change any time soon. That will make it a longer time. During this time things "will be a" incubating. Wonder what will hatch? 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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