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Down it goes
mrearlygold
Posts: 17,858 ✭✭✭
mrearlygold
Posts: 17,858 ✭✭✭
Comments
Keith
time to buy up the spot market disposals......
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
Free us some of your money and get ready to buy. Think about this. 5 years ago generic $20 St. Gaudens could be had for right at $300. Those that bought at that level are really liking it long about now.
The dollar is Toast.
and game playing is putting it close to $100
<< <i>I hope that's an indicative of the direction of oil too. >>
Nothing goes straight up without at least some retracing at some point. Both oil and gold are in bubble mode right now. Also heard a rumor this morning that the Saudi's are planning to increase production.
John
<< <i>Dont' know how the holiday is affecting volume but if the volume today is expected to be thin the shorts might be selling heavy to try to lower the price enough to bring in trading stops on the longs which would allow the shorts to cover cheaper--a very profitable one day venture if it works. --jerry >>
It is just a partial holiday here, but not for the rest of the world, I think volume would be heavy.
San Diego, CA
``https://ebay.us/m/KxolR5
Knowledge is the enemy of fear
lot of players are not around today. Perfect PPT move. Thursday's FASB 157 report and Friday's TIC report will be bloody imo.
Any major moves down should be over by then. I'd expect a snap-back by $750-$775 if not sooner. All depends on how cheap
buyers wait and how many longs run scared.
Do not think oil was overpriced at $95. In any case I'd like to be buying metals on this dip by Thursday/Friday if it lasts that long.
roadrunner
It won't last.... we have a couple of days for another buying opportunity. For that we should thank the manipulators.
<< <i> Also heard a rumor this morning that the Saudi's are planning to increase production. >>
From what I read, they've already promised more than they can produce.
<< <i>
<< <i> Also heard a rumor this morning that the Saudi's are planning to increase production. >>
From what I read, they've already promised more than they can produce. >>
Ha ha, sounds like the FED...
Better ramp up some OT for the presses.
John
<< <i>
<< <i> Also heard a rumor this morning that the Saudi's are planning to increase production. >>
From what I read, they've already promised more than they can produce. >>
They've said that before it just gloss IMO. OPEC has always cheated on production and the Saudi's are at or near max output for there wells without damage to them. You can't just drain a formation as fast as you can without damage to the wells, you have to let oil seep though the formations and keep them primed.
<< <i>The sky is falling...the sky is falling
Better stock up on food
``https://ebay.us/m/KxolR5
<< <i>The sky is falling...the sky is falling
sho nuff?
was 'themed' on Gold hitting the $1000 mark.
Gold: $740-$760 bottom before returning to over $800
Silver: no prediction....but it did say..silver will need a lot of investors and
speculators to maintain any price pressure because the fundamentals are
just not there to sustain the current price.
Jerry
<< <i>
<< <i>The sky is falling...the sky is falling
Better stock up on food
Hey, I won 3 of the Cheerios pennies last week off the Goodwill Auction
site.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
<< <i>I saw something on tv yesterday saying that the real "supply and demand" factor for oil should place it at $60 a barrel but a lot of speculation
and game playing is putting it close to $100 >>
I believe this. Everyone and their mother will be pumping oil, and those cheating OPEC guys will pump like crazy to cash in on the $90 plus per barrel oil gravy train.
<< <i>
<< <i>
<< <i> Also heard a rumor this morning that the Saudi's are planning to increase production. >>
From what I read, they've already promised more than they can produce. >>
They've said that before it just gloss IMO. OPEC has always cheated on production and the Saudi's are at or near max output for there wells without damage to them. You can't just drain a formation as fast as you can without damage to the wells, you have to let oil seep though the formations and keep them primed. >>
The refinery's are @ max, So this maybe irrelevant.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
It will rebound quite well. We'll see.
Later,
Boom
Perfect timing for the Dolly coins. Spouses that is.
Platinum Anniv. set too.
And these are just great for a snack. Had em all over Asia
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Good stuff, Some of these posters were saying buy buy buy, now they're saying short it for a day? , at the low of the day no less LOL >>
I'm looking to buy. This sell off will be temporary.
<< <i>Good stuff, Some of these posters were saying buy buy buy, now they're saying short it for a day? , at the low of the day no less LOL >>
No attacks on individuals here but it is a statistical fact that most people who try short term market timing get it almost exactly backwards. --jerry
I don't recall anyone here saying to load up at $830 gold or even $820. Personally I said to hold back once it got over $810-$815.
Maybe you were reading the gold bug threads on Kitco and got the 2 websites confused. Anyone who sold 1/3 into strength did fine.
Personally, I only sold 10% into strength after $825.
roadrunner
I do agree with this - it's very dangerous trying to time these mini dips and peaks. Getting in and out of any market on a short term basis is better left with 'pros' and people on the inside.
Recognize the long trend and stick with it.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
They just say that they will increase production....
They jawbone the speculators.
Camelot
<< <i>I saw something on tv yesterday saying that the real "supply and demand" factor for oil should place it at $60 a barrel but a lot of speculation
and game playing is putting it close to $100 >>
more like $70 from what i have heard, we will have to wait and see as well as the $$$ and it's float downward.
Precious metals, it is very difficult to
know when to buy or when to sell. A
collector like we all are needs to determine
If our purchase or for long term or for a rapid flip.
Further, our tolerance for risk will also impact our decision.
That being said, for most of us, upon achieving
a reasonable profit, it would not be a bad idea to take some
profit off the table.
Camelot
<< <i>
<< <i>Good stuff, Some of these posters were saying buy buy buy, now they're saying short it for a day? , at the low of the day no less LOL >>
No attacks on individuals here but it is a statistical fact that most people who try short term market timing get it almost exactly backwards. --jerry >>
"exactly backwards" is the key part.
I don't know what THAT means but personally I quit buying about $550. I wish all you folks well in your pursuit to the top.