<< <i>I wonder if any of the big bullion dealers will go out of business as a result of this drop in bullion prices. It has to be hurting the value of their inventory and their bottom line. >>
Wasn't it just last year Tulving went down? If we see a major drop from here to $1000 & $15 the pressure will mount.
The best buying opportunities in 5 years are arriving at bullion dealer near you.
I welcome all opposing opinion as long as it is based on the topic and not who posted it. Cohodk is an excellent case in point. His disagreements are normally based on making his case about the opinion and not the person who shared it. Even a simple "I disagree" says a lot. Apologies, but I will respond accordingly when personally attacked. I hope to see the discussion, even when in disagreement, to be about the topic. I do not claim to be an expert, only a student of the PM market. What I share is my personal opinion based on what I have learned and continue to learn in hopes that others get as much information as possible to make their own decisions. It is the sharing of knowledge and experience on this forum where I have learned the most.
As cohodk confirms, there is a correlation between PMs and the dollar.
Now for the next can of worms: I also see an inverse relationship between oil and PMs. (Bring it on )
"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
Over that past yrs. I have bought silver when I had a few extra bucks. It went into the safe deposit box. I put it there for my kids and grandkids so I will ride this roller coaster up and down too. If you watch the market everyday it will drive you crazy. Granted I wish it would increase in value but I don't intend on living off the fortune I might (or might not ) make on silver. Now you kids play nice and remember the old saying:" Don't sweat the small stuff. And it's ALL small stuff. "
I like that view on the dollar index/Silver chart. Do you think this is the main driving factor that sets the paper price? If this sets the main trend, then maybe I don't have to following anything else.
------------------So then, Its a tricky thing:
"Holding PMs in case the currency collapses" verses "Holding as investment when the PMs drop."
Now if stocks/bonds dropped like this, wouldn't everyone say dump it or reallocate? But with metal, why do we hold it.
If holding for investment/growth type thing, why bother with the see-saw?
<< <i>I like that view on the dollar index/Silver chart. Do you think this is the main driving factor that sets the paper price? If this sets the main trend, then maybe I don't have to following anything else.
------------------So then, Its a tricky thing:
"Holding PMs in case the currency collapses" verses "Holding as investment when the PMs drop."
Now if stocks/bonds dropped like this, wouldn't everyone say dump it or reallocate? But with metal, why do we hold it.
If holding for investment/growth type thing, why bother with the see-saw? >>
Currency is collapsing, very slowly, has been since 1913. Trading PMs (buying low selling higher) allows the stacker to build a bigger stack with the profits. The see-saw (volatility) gives you that opportunity. PM paper products work best for doing this due to ease/quickness of trading as well as reduced transfer costs. I personally play the paper PM markets with an on-line brokerage account and add to my physical long term stack with the profits.
Keep in mind that dollar index charts ONLY reflect dollar strength against a basket of foreign currencies. A higher dollar index can still mean a collapsing dollar when looking at its buying power. Current charts tell us that euro/yen/pound are collapsing faster. They tell the currency players which currency to be buying or selling. They tell central banks that it's time to set policy to protect jobs. A strong currency when measured against other currencies reduces that nation's exports affecting employment numbers. I expect our central bank to reduce dollar index strength if they are serious about employment. On the other hand they may want to keep it strong to create foreign demand (holdings) of the dollar. This foreign demand for dollars helps the US export it's national debt in the form of bonds.
"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'm still finding my own way and been examining the views since it was $30 and going up. With respect I've seen so much about buying all in, or filling up the truck, when the price gets to a certain low spot. This low is lower than in mostly everyone's buy in point. I never have seen mention of anyone actually buying all-in anywhere along this drop and it goes way lower than most folks buy points.
So, what am I or any of us to think of this inference of buying all in?
I'm still finding my own way and been examining the views since it was $30 and going up. With respect I've seen so much about buying all in, or filling up the truck, when the price gets to a certain low spot. This low is lower than in mostly everyone's buy in point. I never have seen mention of anyone actually buying all-in anywhere along this drop and it goes way lower than most folks buy points.
So, what am I or any of us to think of this inference of buying all in? >>
For me, "all-in" refers ONLY to my excess funds. This is money I don't need for anything else and is left over after my debt has been paid. It is basically my savings, although I always keep a portion of my savings in dollars. My goal is to be heavy in PMs when prices are high and heavy in dollars with PM prices are low.
Finding your own way is what it is all about. The most successful traders/investors are those with the best information. Absorb and properly digest all you can access. Eliminating high interest debt should take priority over investing.
"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>Funny, that graph doesn't look symmetrical to me... I'll ask a couple of 4th graders later... >>
Dude...is that because they are upperclassmen to your current educational level? I'm flat tired of your viewpoints laced with vitriol and ignorance. Just because you excel in name calling and misdirection doesn't make your points of view any more/less correct. Give me some meat...I find derryb's inverse comments compelling. I have also learned to listen (read) way more than I talk.
I guess this opens me to your 3rd grade (or 2nd?) ire...fire away. >>
ditto
Successful coin BST transactions with Gerard and segoja.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
Comments
X = -Y
About as simple as equations get.
I knew it would happen.
<< <i>I wonder if any of the big bullion dealers will go out of business as a result of this drop in bullion prices. It has to be hurting the value of their inventory and their bottom line. >>
Wasn't it just last year Tulving went down? If we see a major drop from here to $1000 & $15 the pressure will mount.
The best buying opportunities in 5 years are arriving at bullion dealer near you.
Ugh!!!
RT--nothing is precise. There is a correlation between PMs and the dollar.
Knowledge is the enemy of fear
As cohodk confirms, there is a correlation between PMs and the dollar.
Now for the next can of worms: I also see an inverse relationship between oil and PMs. (Bring it on
"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
If you watch the market everyday it will drive you crazy. Granted I wish it would increase in value but I don't intend on living off the fortune I might (or might not ) make on silver.
Now you kids play nice and remember the old saying:" Don't sweat the small stuff. And it's ALL small stuff. "
If this sets the main trend, then maybe I don't have to following anything else.
------------------So then, Its a tricky thing:
"Holding PMs in case the currency collapses" verses "Holding as investment when the PMs drop."
Now if stocks/bonds dropped like this, wouldn't everyone say dump it or reallocate? But with metal, why do we hold it.
If holding for investment/growth type thing, why bother with the see-saw?
<< <i>I like that view on the dollar index/Silver chart. Do you think this is the main driving factor that sets the paper price?
If this sets the main trend, then maybe I don't have to following anything else.
------------------So then, Its a tricky thing:
"Holding PMs in case the currency collapses" verses "Holding as investment when the PMs drop."
Now if stocks/bonds dropped like this, wouldn't everyone say dump it or reallocate? But with metal, why do we hold it.
If holding for investment/growth type thing, why bother with the see-saw? >>
Currency is collapsing, very slowly, has been since 1913. Trading PMs (buying low selling higher) allows the stacker to build a bigger stack with the profits. The see-saw (volatility) gives you that opportunity. PM paper products work best for doing this due to ease/quickness of trading as well as reduced transfer costs. I personally play the paper PM markets with an on-line brokerage account and add to my physical long term stack with the profits.
Keep in mind that dollar index charts ONLY reflect dollar strength against a basket of foreign currencies. A higher dollar index can still mean a collapsing dollar when looking at its buying power. Current charts tell us that euro/yen/pound are collapsing faster. They tell the currency players which currency to be buying or selling. They tell central banks that it's time to set policy to protect jobs. A strong currency when measured against other currencies reduces that nation's exports affecting employment numbers. I expect our central bank to reduce dollar index strength if they are serious about employment. On the other hand they may want to keep it strong to create foreign demand (holdings) of the dollar. This foreign demand for dollars helps the US export it's national debt in the form of bonds.
"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'm still finding my own way and been examining the views since it was $30 and going up. With respect I've seen so much about buying all in, or filling up the truck, when the price gets to a certain low spot. This low is lower than in mostly everyone's buy in point. I never have seen mention of anyone actually buying all-in anywhere along this drop and it goes way lower than most folks buy points.
So, what am I or any of us to think of this inference of buying all in?
<< <i>On the other note of when to buy in..
I'm still finding my own way and been examining the views since it was $30 and going up. With respect I've seen so much about buying all in, or filling up the truck, when the price gets to a certain low spot. This low is lower than in mostly everyone's buy in point. I never have seen mention of anyone actually buying all-in anywhere along this drop and it goes way lower than most folks buy points.
So, what am I or any of us to think of this inference of buying all in? >>
For me, "all-in" refers ONLY to my excess funds. This is money I don't need for anything else and is left over after my debt has been paid. It is basically my savings, although I always keep a portion of my savings in dollars. My goal is to be heavy in PMs when prices are high and heavy in dollars with PM prices are low.
Finding your own way is what it is all about. The most successful traders/investors are those with the best information. Absorb and properly digest all you can access. Eliminating high interest debt should take priority over investing.
"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>Funny, that graph doesn't look symmetrical to me... I'll ask a couple of 4th graders later... >>
Dude...is that because they are upperclassmen to your current educational level? I'm flat tired of your viewpoints laced with vitriol and ignorance. Just because you excel in name calling and misdirection doesn't make your points of view any more/less correct. Give me some meat...I find derryb's inverse comments compelling. I have also learned to listen (read) way more than I talk.
I guess this opens me to your 3rd grade (or 2nd?) ire...fire away. >>
ditto
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.