I think it's started.........
DoubleEagle59
Posts: 8,307 ✭✭✭✭✭
Do you think the upturn in the PM's has started?
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
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Do you think the upturn in the PM's has started?
For me, it means nothing really until silver hits $17 and shows steady growth from there as stated here https://forums.collectors.com/...8610&enterthread=y
That would be a break out imo. till then, it's just price movement. I'd feel the same if it tested $13.50 again
For someone else, I'm sure there's all kinds of views and angles and theories on the subject. lol
Numerous banking holes in the dike, FED can only hold one cork at a time.
Industrial metals and all commodities face further downside as deflation plays out. PM's secondary role as insurance is about to be tested.
"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
–John Adams, 1826
POM I find your new avatar disturbing. Something too Marty Feldmanish that is so out of context with an obviously pretty face. And yes, I believe it has started.
Once again I'm being singled out (LOL). Perhaps you like this picture of her better? And yes, I still think it's just price movement till it breaks thru $17 and continues. Like I said earlier in this thread, I'd say the same if it were heading downwards to test $13.50 again.
–John Adams, 1826
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'm cautiously optimistic but I've seen too many false starts.
Because we've seen many.
The Fed does seem committed to taking rates modestly higher over the next year and perhaps equities will be allowed to find something closer to true valuations. If that occurs PMs should see moderate gains in the short term.
"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 remain extremely optimistic for the long term and hopefully optimistic that this is the start of it.
It's got a better leg to stand on since oil is practically flowing through our plumbing pipes.
Have a Great Day!
Louis
"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
Loves me some shiny!
–John Adams, 1826
We might see $13 again this year but I'm inclined to think that we'll see $50 silver by the end of 2016. Not counting on it mind you, but I think a much higher number is in the cards by the end of the year.
My guess, we'll be lucky to see $20 this year.
We might see $13 again this year but I'm inclined to think that we'll see $50 silver by the end of 2016. Not counting on it mind you, but I think a much higher number is in the cards by the end of the year.
My guess, we'll be lucky to see $20 this year.
+1
Really lucky
I'd like to see $20 silver in 2016. That would be nice.
Put a silver eagle on ebay with a $20 BIN and see how long it lasts.
"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
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
He mumbles " Oh gee , it started now ".
I'd like to see $20 silver in 2016. That would be nice.
Put a silver eagle on ebay with a $20 BIN and see how long it lasts.
Try placing a common silver 1 oz round on eBay for $20 ...
I knew it would happen.
I've backed up the truck so many times, the tailgate is all bent and bowed and the lights are broken. Would like to sell some metal at $25 and $1500 to pay for repairs
Liberty: Parent of Science & Industry
I don't know if the upturn in metal prices has started, or if it's just that the long, grinding downturn in metals prices going on for the past 5 years has started stopping.
I've backed up the truck so many times, the tailgate is all bent and bowed and the lights are broken. Would like to sell some metal at $25 and $1500 to pay for repairs
Haven't you been rebalancing your portfolio and adding gold/silver while prices have been declining while trimming the gains you have had in the stock portfolio? If so, I'd be shocked you would need $1500 gold to breakeven.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Said nothing about "breaking even", am still well ahead in all asset classes, overall, as have been doing this for a long time, even if certain specific securities and PM collectibles are off their peaks.
I mentioned a couple of higher price tiers that I consider targets to sell some (certainly not all) precious metals and lock in a decent profit on those items, sorry for the unclear use of metaphor.
Liberty: Parent of Science & Industry