How low will it go ?
TwoSides2aCoin
Posts: 44,294 ✭✭✭✭✭
I'm trying to pick the bottom and could use some help.
1
TwoSides2aCoin
Posts: 44,294 ✭✭✭✭✭
Comments
Are we talking about the Limbo Rock. gold or silver?
As long as this economy is doing well and the dollar is on the upward swing silver and gold will continue down.
But hey! That's a good thing, right? Of course ya wanna buy it up when it hits bottom. Who know where the bottom might be. Maybe now would be a good time to sell. Or, this could just be the calm before the storm.
He who picks bottoms gets stinky finger.
Knowledge is the enemy of fear
I would not worry about catching the bottom i started buying again when silver got to the 17 level not much but would add at least 100 ounce per month. When silver got down to 13.50 level I doubled the amount I had bought at higher levels. What I have found out silver and gold will hit the lows like in 2008 when a big event takes place everything comes down if you are watching this one unfold is is already starting in Europe unlike last time is started here. Gold will go under the big line the $1000 mark I would think $775 to $875 silver 9.70 to 12 but when it does take the first hit premiums go up and it is harder to buy 5000 to 10, 000 ounces quick. So I always add at these prices and buy as much as I can at a low. The reason I always add is because it always takes one event to change the game and this way your always in with out a risk.
I wish I would of had sticky fingers I always thought greedy pigs get slaughtered but in America today they are winning and running the world. I bought on the last run between $8 and $11 started selling at $27 sold most at $32 and my last 3000 ounces at $39 so I wish I would of had sticky fingers I would have made a lot more.
i believe cohodk said "stinky" and not "sticky" fingers; a big difference.
Successful BST transactions:
Buy and sold to Wondercoin,
Buy from: mbogoman, sol15g
Depends...
Sounds like double dipping, no?
Who wants to be caught double dipping on picking the bottom
Successful BST transactions:
Buy and sold to Wondercoin,
Buy from: mbogoman, sol15g
Okay then.....
This went downhill fast....Cheers, RickO
Bought a monster box a month or so ago. I can buy one now for $900 less.
That's funny, well if they are sticky they will eventually stink kind of the same
I am watching the miners. Seems like they rally more than the metal price.
100% Positive BST transactions
Don't kid yourselves.
Nobody knows where the bottom is but it sure could be a lot lower than it is now.
Roll your own dice.
Good luck to all.
With the impending calamities both domestic (govt out of money by September) and abroad (lil Kim) possibility high in the fall, I'm surprised it isn't already heading towards $20 or higher
So, with that said, it'll probably hit $13 again
metals will not initially rise above the coming carnage. Oil will lead the decline.
"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
This is a great buying opportunity in my opinion. If you have the money now is the time to buy.
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 think derryb just called the bottom in oil.
Knowledge is the enemy of fear
Mark crude currently at 44.50. Carnage on the horizon.
"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
A little piece of silver history. It was November 2007 when I started a thread on this site (Coin forum ) offering an ounce of silver to whomever picked the day silver would hit $15. Bochiman won that "guess the date" giveaway.
Last time I remember it being "fixed" at that price, was during the Nixon administration with the GSA horde in 1973. Then came the Hunt Bros. fiasco in the late '70s.
I could see it at $10. It's not that it's a useless industrial metal but ....we have bigger fish to fry in oil.
On that note , coins are a good hobby to delve in, as that goes.
Can you quantify "carnage"? Oil wad $52 at end of May and $42 in mid June....nearly a 20% drop. Was this carnage?
Knowledge is the enemy of fear
Much of Gold and Silver's run-up seemed to be fueled by mistrust of Democrat leadership. Now that has flip flopped.
My currency "Box of Ten" Thread: https://forums.collectors.com/discussion/1045579/my-likely-slow-to-develop-box-of-ten#latest
The issue continues to be debt. Everything else is a distraction.
"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 don't know where the bottom is but it has make some holding nervous.In a few days time it's dropped a significant amount and continues to decline.I do think it's a good time to buy but to try to pick a good number to buy at is the question.
BST references several
I'm trying to pick the bottom and could use some help.
It's a toboggan ride today. Don't worry, there IS a bottom. Just make sure you don't smash into something when you get there.
derryb is entirely correct, though. There is only one real issue, and it's not going away.
I knew it would happen.
Debt? , has nothing to do with price of pm's...
massive debt has something to do with all demand. The cost of contracted highway repairs in Illinois is dropping as we speak.
deleveraging: the process or practice of reducing the level of one's debt by rapidly selling one's assets.
The best performing assets are the last to go. that would currently be equities and real estate.
"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
True but it makes you ponder why stocks are up.
BST references several
FED fueled frenzy (since 2009) run by HFT alogos. According to Morgan Stanley 84% of all equity trading is via HFT algos. These algos do not know fear and greed, they are designed to react to each other. Watcha think those algos are gonna do when they smell trouble?
Margin debt, borrowing from the broker to purchase equites, is at an all time high.
"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
debt has nothing to do with pms until confidence in the currency (i.e. bond market) declines. Then, it does.
I knew it would happen.
After Q1 2013, as the Fed planned to decrease their monthly asset purchases, the strong correlation between the rising U.S. debt and gold broke down, ending a 12-year rally. Will gold revert back to the trend line it hugged so closely this century? Even with the correction, the correlation is still strong at over 90%.
"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've been saying $12 for about 4 months now, I still feel it's inevitable unless some major event happens.
Could Illinois afford road repairs even if they were free?
their 32% tax hike will fix a few more roads. . . for now.
"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 hope it doesn't hit $12 but if it keeps falling $.40 a day then it's possible.What it has dropped in a 3 day window is a lot and it could continue.I can see in the $14.50 range but I think people would jump on that price and drive the price back up but another $.50 decline day could spell trouble.
BST references several
Like the kind you wear when picking bottoms?
I'd love to pick some up at $12
My YouTube Channel
Bought some eagles today for $15. Might get more on Monday at $14.
Great bargain to get under spot and without a premium.
BST references several
So high debt levels are deflationary. No wonder global central banks have had a hard time generating inflation. I think someone on this forum stated as such several years ago when most others were talking about hyperinflation.
Knowledge is the enemy of fear
It might be a bold prediction but I say this weekend will be the lowest we see silver in 2017. Pick up all you can afford at these prices.
Everyone should buy at $0.001
Just kidding, these price roller coaster rides have happened many times in the past. JMO
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
I've been at $8 for a bottom for several years now (on this forum). I have not changed my mind, yet.
It's a new century and a new beginning for all. We'll see great buying opportunities in the next 5-10 years.
be patient my friend.
bob
buy when you can, sell when you have to.
"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 I knew who was going to win the baseball games tomorrow or if gold goes up or down I'd give up my day job, get a second and third on the house, liquidate the stock portfolio, and I'd be on my yacht in the South Pacific in six months worrying about capital gains.
Buy when you can, sell when you WANT to.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
It was at $8 less than 12 years ago. Seems like forever and seems like yesterday.
he who picks seat/bottom goes to movie. fwiw
...and burn a few bridges.