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Interesting week, will next week see metals.....

JulioJulio Posts: 2,501 ✭
in Precious Metals
moving up or down?

Gold=Down

Silver=Down

Take care. jws
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Comments

  • nibannynibanny Posts: 2,761 ✭
    I saw you first wrote Gold = Up! image What made you change your mind?
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • JulioJulio Posts: 2,501 ✭
    Freudian slip near as I can tell.image

    I believe both will continue downward as we digest a possible dwindling of QE. Take care. jws
    image
  • nibannynibanny Posts: 2,761 ✭
    You calls were right in the past, I put a little hope in that "up"...
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • HonoluluDudeHonoluluDude Posts: 2,167 ✭
    Some of the percentage gains in the gold miners were staggering today. Volume was good too-- so maybe just maybe...
  • vprvpr Posts: 606 ✭✭✭
    Gold: Up
    Silver: Up

    I think late Thursday, we saw a short-term bottom. Everyone was way too pessimistic and it was very much reflected in the price action. Today, the move higher was very violent. We are more likely to move higher. We might open the week a bit lower and move higher by the end of the week.
    References: Too many to list. PM for details. 100% satisfaction both as buyer and seller. As a seller, I ship promptly and keep buyers updated.
  • KipKip Posts: 852
    Up for 3-4 days then down if week ends @ 1235-1245
    UCSB Electrical Engineering....... USCG and NASA
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    today was a "temporary reprieve"....fundamentals have not changed. I expect further down movement in PM's.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>today was a "temporary reprieve"....fundamentals have not changed. I expect further down movement in PM's. >>


    I agree, fundamentals have not changed. However, they dictate a much higher price if the market is left to true price discovery. I continue to stack because I know that day is coming. The only interest I have in current price is for paper plays on price swings.

    "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

  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    I expect further down movement in PM's.

    Standing on your head will make it better.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • JulioJulio Posts: 2,501 ✭
    "Up for 3-4 days then down if week ends @ 1235-1245". Kip

    I know it's early, {2 days} but Kip is off to a good start in the prognostication saga. Should the trend continue {big if} he will be spot on with an extremely accurate prediction. Take care. jws
    image
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I believe (ah yes, the eternal optimist), by mid month, both gold and silver will be up modestly ($20-30)...but summer will keep it slow. End of year - metals will be significantly up. Cheers, RickO
  • KipKip Posts: 852
    Like I said...imageimage
    UCSB Electrical Engineering....... USCG and NASA
  • JulioJulio Posts: 2,501 ✭
    Got to be the NASA in you KIP. Take care. jws
    image
  • johnny9434johnny9434 Posts: 28,335 ✭✭✭✭✭
    gold up, silver down. just like anything else, its just an opinion.
  • JulioJulio Posts: 2,501 ✭
    gold up, silver down. just like anything else, its just an opinion.

    That was my Freudian opinion. Hmmmm. Take care. jws
    image
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