Want to talk about the price of PMs going up?
tneig
Posts: 1,505 ✭✭✭
I do..
Notice the steady creep up going on?
Do you guys see the long term support or lack of it?
And my other favorite question:
Will you be sorry you didn't buy while it was lower?
Notice the steady creep up going on?
Do you guys see the long term support or lack of it?
And my other favorite question:
Will you be sorry you didn't buy while it was lower?
COA
0
Comments
Simple
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
<< <i>I think this up-tick in price is a result of the situation in Syria and will be short lived. >>
Interests:
Pre-Jump Grade Project
Toned Commemoratives
<< <i>
<< <i>I think this up-tick in price is a result of the situation in Syria and will be short lived. >>
+2
"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
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
Hey Buddy, can you spare an ol' boomer a couple of ASE's?
<< <i>The slide in stock prices is certainly helping the rise in PM prices. >>
This is not normal. The rise in oil is more likely a big factor. VIX is at 9 week high and is telling us the equity indexes remain under threat.
When I contemplate PM price direction I like to think in terms of "what are the odds?" Short term odds say "up."
"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
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
<< <i>Can we agree that there are many psychological, economic, and political factors that influence the prices of PM's? >>
Certainly, but you left out "central banks."
"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, like POM buy and sell all the time and do well with the swings. Beats keeping funds in the bank at .03 percent so they can loan it out to my daughter at 22 percent LOL. The difference being the bank will get their payment where dad didn't.......
Keep stackin
I'm taking this opportunity to gather up as many odds & ends to sell them, and then I will balance out my gains vs. losses to a net zero.
Then, with the cash I'm generating, I've got several projects to pursue - some of which are additional coin & bullion purchases.
The fact that metals are going up gives me the incentive to get things more like I want them.
I knew it would happen.
<< <i>I think this up-tick in price is a result of the situation in Syria and will be short lived. >>
I'm thinking of adjusting my paper to metal ratio, getting rid of some of the paper and acquiring more of the metal. I just do gold as a PM.
I'm thinking of adjusting my paper to metal ratio, getting rid of some of the paper and acquiring more of the metal. I just do gold as a PM. >>
This reminds me of wise old proverb "a metal in the metalsman hand is worth two in the paper"
Increases in PM prices or the situation in Syria will be short lived? So far it appears the U.S. will strike Thursday with Cruise missiles, then what? What will be Russia's response? China?
EDIT: If the strike doesn't topple Assad then what? More strikes? More troops?
Russia calls the U.S. a monkey with a hand grenade. Meaning going forward with missile strikes on Assad will be instant death. God bless us all.
<< <i>I think this up-tick in price is a result of the situation in Syria and will be short lived.
Increases in PM prices or the situation in Syria will be short lived? So far it appears the U.S. will strike Thursday with Cruise missiles, then what? What will be Russia's response? China? >>
maybe that was the point, we will be short lived
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Metals most likely benefiting from the equity sellers not particularly liking the taste of bonds.
Is war just another form of taper?
"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
from yesterday is basically what GLD and SLV are showing today. Something to be aware of. GDX got smashed on huge volume 94 and 47 days ago. Quite coincidental that
today was 47 days since the last major crushing day. Gold and silver are just as extended as the miners were if one looks at price channels, money flows, and momentum (RSI).
Tomorrow should be interesting as we continue into the is Options Expiration/Treasury auction week. Fwiw the pattern from August 2012 is so far being duplicated with hits the
first week in August, then around 13th-14th, and finally during the last week of the month. After the gold to silver ratio has tanked from 67 to 57, it's asking a lot for it to continue
diving from here as that's what needed to keep the PM rally alive.
The banks currently have 1.8 trillion dollars in excess reserves on deposit with the FED. Banks normally carry little to no excess reserves. Banks are in the business to loan money, that's their bread and butter. Banks also heavily practice fractional lending, sometimes up to 25 times loaned out over what they actually have. When loaning money returns to its norm (requires an improved economy) and if the banks only loan out 10 times this money, we will see 18 trillion dollars hit the economy. If even half of it gets into the hands of borrowers we are going to see some massive price inflation as both the available money supply and money velocity drastically increase. Money is borrowed to be spent. Spending money drives prices. An improved economy will lead to further borrowing and too much debt will once again lead us right back where we are now.
On the other hand, if this money remains on deposit with the FED it will be because the economy remains trashed. We have witnessed first hand how PMs respond to an uncertain, trashed economy. Do not forget the trashing of this economy is the result of too much debt. Wash, rinse, repeat.
So, as I see it, either way the economy goes, gold (and silver) are definitely golden. The only real threat to PM performance is and has been deflation. Deflation is the FEDs biggest fear - look for them to continue fighting it at all costs.
"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>
<< <i>I think this up-tick in price is a result of the situation in Syria and will be short lived. >>
How true....I suspect come Monday, Silver will retrace the short term gains brought on by the crisis and settle back to the $22 - $23 range. If not, "off to the races."
Beware the markets, as they hold predictive powers that are unequaled in their ability to also bring about the most devastating of world events.
<< <i>Take for example Silvers upswing in prices that is causing a Syrian war crisis >>
"SiLver is causing a Syrian war crisis?" Sorry that just does not compute
If he is correct, a missed opportunity to defend the dollar will fuel the long term PM bull.
"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 we want to talk about metals going down? >>
Certainly, down is part up the "up" process.
"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
Timing isn't everything, and I continue to try and point this out to the hair-trigger technical traders amongst us. I would contend that asset management and cash management are every bit as important as good timing.
JMHO
P.S. - oh, and picking a few good winners now and then helps, too.
I knew it would happen.
"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