It must be a Bear Market in Precious metals
HalfDime
Posts: 1,039 ✭✭✭✭✭
The post count here has died.
Gold appears to be at a double bottom, if it holds then a rally will happen.
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Sell in May and Go away... old PM adage
Nothing has changed.
Inflation still here
Weak dollar
Economic unknowns
Do not get shook out... add to the stack here...
Everyone with a truck gassing it up and those without looking at rentals
COPPER is gutter !
Except the second low is lower than the first one.
All comments reflect the opinion of the author, even when irrefutably accurate.
assets are being sold off to prepare for buying SpaceX IPO
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
Money chasing money by many who don’t know money. Numismatists understand this paradox, completely.
``https://ebay.us/m/KxolR5
Ez come ez go. If you forgot to sell this time, don't worry as there may be another chance in 20-30 years. lol Life in da gutter. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Every time it rains, a mosquito pops up.
COPPER is gutter !
Seems upward movement for a few days, then a dive,profit takers move in.
Lower lows and lower highs. Bring back the $20's, perhaps even the teens. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Bull.
``https://ebay.us/m/KxolR5
Absolutely. If I were a Bear we'd be talking single digits. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Pretty sure that clown doesn't own an oz of anything. Maybe weed.
COPPER is gutter !
I believe it is just normal correction and we are very close to the end of it.
I think it is time to add more. I was trying to buy some silver bullion coins two days ago on SB bullion auction but can't get any because the lowest price is more than $10 over spot plus shipping.
Sales over past two months in store have been dead, the past week, been getting a few buyers asking again, problem is not coming in now like it was, then I had so much coming in couldnt ship it out fast enough. People told me you could have held some, I said yeah, buy it at 85, and sell for 70 "thats good business sense"
I know this is anecdotal but I'm killing it on jewelry and numismatics. I was starting to sweat a little bit there when spot went up and watched my premiums evaporate.
But I know better now. I'm harvesting premiums and not getting caught up in that again.
Realistically I've been stacking since I was six years old. The economic conditions I've stacked for continue to get worse.
I don't see myself exiting any time soon. If jewelry keeps doing what it is doing for me then I'm back into buying mode. Irregular weather patterns have given me off-season work and I'm ready to hit the gas.
@Azurescens Where are you selling your jewelry? I've got a good source to by sterling at melt but have found even melt prices are high enough to slow down sales.
Reselling ebay to ebay. The number of estate sellers, goodwill etc who misjudge designer jewelry or can't read hallmarks is staggering. Just gotta know what to search for. The image search helps because sometimes they're just generic titles that would never come up under Tiffany or whatever, like "925 sterling necklace".
I also saved searches with typos so I scoop up all the 14jt gold and Tifanny etc. One designer brand that used to be a multi-level marketing scheme is a hot market but people still sell it like it is trash jewelry. Paid 60 for the last one, got 250.
I got really good at repairing fishing reels so I buy them by the box at yard sales for a couple bucks each then use the money from them for this stuff. It has been a wild ride.
Maybe I should try ebay on some of this scrap Jewlery, lady came in today, showing some pieces that were designer yurman what ever, i said we scrap it, she was floored, but she said let it ride, no body else is even buying it and the pawn shops offered her 40% of silver value.
The gutter sure aint selling well. Stick with the real deal. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
You really should just list them. There are a lot of Yurman fakes so your trusted eBay account / business will carry you a long way. I'm doing well on lower mid range names.. Yurman would be easy money. Stop scrapping it. Scrap the unbranded stuff.
I keep using Tiffany as an example but I don't mess with it because the fakes have gotten very good and I'm just not into it. I'll resell anything but I feel like it's playing with fire and I don't care enough to get all niche about it. Especially considering what a negative for a fake would cost me long term.
If you're not sure just list it at auction for what you would sell it to a refiner for and see what happens. Easier way to learn current value than spending time on niche jewelry forums and following influencers etc. The market will speak for itself and the numbers will tell you what you need to know.
I have cheap lower end stuff that should realistically be scrapped but it fills up my shop and brings keywords/traffic.
The fundamentals remain, the buyers are currently at Walmart.
"A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."
Never forget that herd mentality can go either way.
Dippin’ the toes ?
``https://ebay.us/m/KxolR5
FWIW, gold dipped just below $4,000 yesterday.
Déjà vu... 2010 -2011. History once again, repeating ? I for one, unloaded all my junk or bullion silver before the market took a downward trend.