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So are we being fooled by this action?
piecesofme
Posts: 6,669 ✭✭✭
Silver Spot reaches $15 today on nothing, no credible news or justified reaction to anything that is public anyway. Up from a recent low of what was it, $13.50?
If all the other things that have happened that should caused it to go up, but actually made it go down, haven't moved it...what is happening now?
Personally, I think it's a head fake and I'd rather buy when it's $17 and still showing signs of moving upward than now.
If all the other things that have happened that should caused it to go up, but actually made it go down, haven't moved it...what is happening now?
Personally, I think it's a head fake and I'd rather buy when it's $17 and still showing signs of moving upward than now.
To forgive is to free a prisoner, and to discover that prisoner was you.
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Give Me Liberty or Give Me Debt
I knew it would happen.
Silver (and gold) are reacting to dollar action. Dollar is reacting to various world wide actions and perceptions. Nothing has changed, only the direction. Will it hold? Probably not.
I agree for the most part...but the dollar has changed recently before causing downward silver direction. Now it's causing it to go up? When it was causing it to go down, were we saying it's causing it to go down?
Not being a jerk about it, I just think there's no rhyme or reason that the general public is going to know about it at the time of movement happening. All anyone can do is react.
A person can say they were being proactive buying at lower levels, but again, that's all in hindsight and having a little luck of actually going the direction currently, actively being played. If you are buying and it keeps going down, that's called cost averaging...not being proactive lol.
Give Me Liberty or Give Me Debt
dollar down, metals up. dollar up, metals down. The song remains the same.
It sure seems that way 80% of the time. PM's need to uncouple from the dollar before we see a different scenario.
Toss your greed out before boarding and be prepared for wild moves.
This isn't going to be pretty so just try to keep your own lunch down.
dollar down, metals up. dollar up, metals down. The song remains the same.
It sure seems that way 80% of the time. PM's need to uncouple from the dollar before we see a different scenario.
They won't, they are the anti-dollar. I can't see any prolonged strength in both at the same time when in reality they are competing against each other. I can't imagine a scenario where they aren't.
Give Me Liberty or Give Me Debt
dollar down, metals up. dollar up, metals down. The song remains the same.
It sure seems that way 80% of the time. PM's need to uncouple from the dollar before we see a different scenario.
They won't, they are the anti-dollar. I can't see any prolonged strength in both at the same time when in reality they are competing against each other. I can't imagine a scenario where they aren't.
The markets have made it abundantly clear to the FED that there will be no rate increases.
This will put a lot of stress on bonds.
dollar down, metals up. dollar up, metals down. The song remains the same.
mark
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......
dollar down, metals up. dollar up, metals down. The song remains the same.
It sure seems that way 80% of the time. PM's need to uncouple from the dollar before we see a different scenario.
They won't, they are the anti-dollar. I can't see any prolonged strength in both at the same time when in reality they are competing against each other. I can't imagine a scenario where they aren't.
The markets have made it abundantly clear to the FED that there will be no rate increases.
This will put a lot of stress on bonds.
Bonds are getting B-slapped
mark
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......
$15 silver put a smile on my face.....$17 could be orgasmic
$17 may blow the helmet off your head
mark
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......
dollar down, metals up. dollar up, metals down. The song remains the same.
It sure seems that way 80% of the time. PM's need to uncouple from the dollar before we see a different scenario.
They won't, they are the anti-dollar. I can't see any prolonged strength in both at the same time when in reality they are competing against each other. I can't imagine a scenario where they aren't.
The markets have made it abundantly clear to the FED that there will be no rate increases.
This will put a lot of stress on bonds.
Bonds are getting B-slapped
mark
It becomes a threesome when you throw bonds in the mix. Normally, bonds are the selected alternative to weak equities. Weak equities, a weak dollar and investors not running to bonds gives a very positive scenario for metals.
Give Me Liberty or Give Me Debt
In that contest, he got nearly and ounce of Mercury dimes for his son, as I recall. Shipped them from Canada. And for those with better memories stretching back to the Carter years…, who can forget 1980 ? It's not a big deal at $20, $15, or $10. It's a big deal at $50.