I keep selling, Spot keeps going up
piecesofme
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You all are welcome lol 
I've sold (flipped is the more appropriate word) more oz's in the last month than the first 7 months combined! Anyone else experiencing this?
I've sold (flipped is the more appropriate word) more oz's in the last month than the first 7 months combined! Anyone else experiencing this?
To forgive is to free a prisoner, and to discover that prisoner was you.
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"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
<< <i>No selling here.... late this year will see spot rise considerably.... Cheers, RickO >>
Do you have a specific reason or is it just a gut feeling?
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
Purely a gut feeling that the slightest tweek of QE will cause a sharp fall in pm's paper value. BB has already hinted it's coming as to not surprise us too much when it actually does get adjusted.
So is some of that already built into the value of paper pm's? and why would JPM say they are done shorting and actually buying now? You're right! To confuse the hell out of you even more, because"if you're not confused, you're not paying attention."
It will end eventually....very badly.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Do you really think that QE will ever end?
It will end eventually....very badly. >>
We'll see a temporary reduction in QE for political purposes, but it won't stick.
"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
"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
<< <i>will silver hit $22 tonight? >>
It already did
I know JPM stopped shorting and is actually buying physical, but that alone can't be why we're having a run.
My take is what I've been told can't be right by some here. Physical is being sold the hell out of now, so there's a demand for it, which dealers will test just how far they can go with it and as long as it's moving out the door, they'll take it up another notch...but what the hell do I know, I'm confused?
"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
Answered in the simplest of terms, everytime...
more buyers, than sellers ...
Now to me $30 is a whole other ballgame as I've mentioned before (maybe not on this thread). I think there are a TON of people trapped in the $30 range, and after being bagholders for already quite awhile now, I feel that's the magic number a high percentage of them would dump what they have just to get even.
No, I am not personnaly speaking. Fortunately I am still cost avgd. below that (not counting my collectible bars of course) with my "non-colltible stuff. I'm just saying that's the feeling I get after having many conversations about it with people in the hobby. I have nothing to base it on other than that.
<< <i>Lol, POM, the eternal question...
Answered in the simplest of terms, everytime...
more buyers, than sellers ... >>
What, no conspiracy theory with your answer? What's this forum coming to.
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<< <i>Good answers guys, and I agree there will be at least one more significant leg down before another run even close to $30.
Now to me $30 is a whole other ballgame as I've mentioned before (maybe not on this thread). I think there are a TON of people trapped in the $30 range, and after being bagholders for already quite awhile now, I feel that's the magic number a high percentage of them would dump what they have just to get even.
No, I am not personnaly speaking. Fortunately I am still cost avgd. below that (not counting my collectible bars of course) with my "non-colltible stuff. I'm just saying that's the feeling I get after having many conversations about it with people in the hobby. I have nothing to base it on other than that. >>
I'm with piecesofme(tal) on this one, I don't know what the average is, but I feel there are a lot of people upside down in their metals due to the last run. I see Silver creeping its way back up until we hit this average and the masses dump. We will see one more down turn then.... Well, who knows.
Re-stating what everyone already knows. If/When QE changes we will see some PM movement, If/When QE stops... Oh boy, are we going to see PMs move.
Only time can tell what we (The common people) will see.
My question is, how does one prepare for the unknown?
My take is, pay off your bills, build a sound retirement portfolio, make a PMs plan... and stick to it. Long and steady for investments. That said, I am not a flipper... Yet.
<< <i>I'm with piecesofme(tal) on this one, I don't know what the average is, but I feel there are a lot of people upside down in their metals due to the last run. I see Silver creeping its way back up until we hit this average and the masses dump. We will see one more down turn then.... Well, who knows.
Re-stating what everyone already knows. If/When QE changes we will see some PM movement, If/When QE stops... Oh boy, are we going to see PMs move.
Only time can tell what we (The common people) will see.
My question is, how does one prepare for the unknown?
My take is, pay off your bills, build a sound retirement portfolio, make a PMs plan... and stick to it. Long and steady for investments. That said, I am not a flipper... Yet. >>
Those that bought at higher prices are upside down. They have an opportunity to get in at the current ground floor and dollar average their cost down. Or they can sit tight. Or they can sell and cut their loses. It's a choice they should make on what their research shows them and that research should extend far beyond the opinions on a pro-PM forum. Unless spot prices are moving up rapidly (and they usually don't) physical PMs should not be viewed as a flip opportunity, but rather a longer term insurance policy to protect from those things that make PMs grow in value. Flippers should stick to collector products such as graded metal coins, art bars and PM paper products. Low spread on physical metal tends to only be rewarding when prices rapidly escalate. Collector products tend to carry more profitable spreads based on limited supply and higher demand. This philosophy has worked well for me over the years even in the current down leg.
"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
<< <i>Do you really think that QE will ever end?
It will end eventually....very badly. >>
Hyperinflation or system wide bank collapse first like 2008....place your bets.
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<< <i>I'm offering up some more stuff on the BST (shameless plug)...so you know what that means right? $25 silver is right around the corner
$25? Not this week, we'll be waiting until Labor Day for that one.
<< <i>...it is good to be the boss
amen brother
"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
PS. I like your advice POM and your outlook as well.
<< <i>Those that bought at higher prices are upside down. They have an opportunity to get in at the current ground floor and dollar average their cost down. Or they can sit tight. Or they can sell and cut their loses. It's a choice they should make on what their research shows them and that research should extend far beyond the opinions on a pro-PM forum. Unless spot prices are moving up rapidly (and they usually don't) physical PMs should not be viewed as a flip opportunity, but rather a longer term insurance policy to protect from those things that make PMs grow in value. Flippers should stick to collector products such as graded metal coins, art bars and PM paper products. Low spread on physical metal tends to only be rewarding when prices rapidly escalate. Collector products tend to carry more profitable spreads based on limited supply and higher demand. This philosophy has worked well for me over the years even in the current down leg. >>