metals price correction soon or what?

konsole · February 26, 2008 8:59AM

I'm planning on purchasing some silver bars, possibly some gold and or platinum, and was wondering if you guys think there will be any significant price correction soon. I'm looking at a price drop of silver of at least $1-2, not sure about gold or platinum. There doesn't have to be a significant correction for me to buy but it would definitely help aim my plans.

I'm also interested in traveling to a company somewhere in Massachusetts and purchasing the bullion (most likely silver bars) and want to know of some places a little south of Boston, or north of Providence, RI that sell.

BlindedByEgo · February 26, 2008 9:01AM

Darn crystal ball is in the shop again, sorry.

konsole · February 26, 2008 9:34AM

any plans on stopping by the shop?

cladking · February 26, 2008 9:37AM

They seem to be correcting upward.

Nothing lasts forever.

ricko · February 26, 2008 9:39AM

Traveling to Massachusetts to buy? From where? If close by, never mind.. just thinking of transporting all that PM... If you are waiting for a drop, no one can surely predict that.. just be prepared to move when it does happen. Cheers, RickO

fivecents · February 26, 2008 9:40AM

<< Nothing lasts forever. >>

Forever lasts forever.

cladking · February 26, 2008 10:43AM

<< 

<< Nothing lasts forever. >>

Forever lasts forever.

>>

Yeah, but if a tree falls in the...

...oh hell, never mind.

...to paraphrase an old proverb... ...forever fears the pyramids.

FLBuffaloHunter · February 26, 2008 10:46AM

I think we are in the midst of what will come to be viewed as the 'good 'ol days'

SpaceMonkey · February 26, 2008 10:50AM

<< 

<< Nothing lasts forever. >>

Forever lasts forever.

>>

Listen to your child explain to you how he defeated "Zorg" the Lord of "Baltron" on his Nintendo DS...

you will then believe that some things CAN last forever!

-sm

konsole · February 26, 2008 10:51AM

By traveling I just meant driving cuz I live in Mass north of Providence but south of Boston. I could purchase online but I like the idea of driving to a retailer. Anything within 30 minutes or so is cool.

Do the retailers prices change daily with the daily change in metal prices or do the retailers change their prices less frequently?

TwoSides2aCoin · February 26, 2008 10:59AM

Very soon it will correct. If UP is correct

tincup · February 26, 2008 11:01AM

Yikes..... silver pushing $19 per ounce overseas.......

BECOKA · February 26, 2008 11:03AM

Well, you can take it however you want. If people could predict a correction why would the price go up? I predict Platinum will drop. It has been said by many professionals that Silver should be at $50, Gold at $2K to make up for all the stagnant years. If you believe it buy. If you don't get mutual funds.

Nic · February 26, 2008 11:06AM

And the pyramids still do .... K

FLBuffaloHunter · February 26, 2008 11:12AM

<< Well, you can take it however you want. If people could predict a correction why would the price go up? I predict Platinum will drop. It has been said by many professionals that Silver should be at $50, Gold at $2K to make up for all the stagnant years. If you believe it buy. If you don't get mutual funds. >>

Platinum has stronger fundamental issues than either gold or silver. As such platinums price has more basis than gold or silver.

moonshine · February 26, 2008 11:15AM

if it does have a small drop - it won't last long IMHO -- be ready to jump in car quickly or click, whichever you choose.

tincup · February 26, 2008 11:15AM

At least one of the platinum mines in South Africa is expecting to be at 90% power for the rest of this year. And several gold mines are being shut down due to the power problems. Should remain bullish for the metals prices.

cladking · February 26, 2008 11:18AM

<< Yikes..... silver pushing $19 per ounce overseas....... >>

$19.05 now. Try to keep up.

FatMan · February 26, 2008 11:23AM

I am strongly considering selling my gold and plat eagles. If I do go forward with the selling, history would suggest this is the early stage of a strong bull market.

TwoSides2aCoin · February 26, 2008 11:25AM

<< 

<< Yikes..... silver pushing $19 per ounce overseas....... >>

$19.05 now. Try to keep up.

>>

UtahCoin · February 26, 2008 11:27AM

Weds we should see a substantial pull back in Plat prices...
I base this on the fact that I bought almost 4 oz today......

FLBuffaloHunter · February 26, 2008 11:29AM

<< Weds we should see a substantial pull back in Plat prices...
I base this on the fact that I bought almost 4 oz today...... >>

No guts no glory no worries

Joflax · February 26, 2008 11:29AM

<< I am strongly considering selling my gold and plat eagles. If I do go forward with the selling, history would suggest this is the early stage of a strong bull market.

>>

Sold my silver yesterday at 17.95....let the Bull roar!!!

fc · February 26, 2008 11:34AM

<< 

<< I am strongly considering selling my gold and plat eagles. If I do go forward with the selling, history would suggest this is the early stage of a strong bull market.

>>

Sold my silver yesterday at 17.95....let the Bull roar!!!

>>

don't feel bad. i sold a big chunk of my silver and bought gold ;-)

Coinlearner · February 26, 2008 11:39AM

I been buying in, with small purchases, on the BST-Bay-B&M dealers over time. Unless we get a nice drop or a good deal, that is the best way for me.

TWQG · February 26, 2008 11:48AM

<< At least one of the platinum mines in South Africa is expecting to be at 90% power for the rest of this year. >>

-Actually all South Africa mines will be given 90% power projected to 2012. Only Anglo-Ashanti believes it can make up 5-10% of that loss by the end of 2009.

A slow, steady accumulation has been my approach rather than trying to time the dips.

DoubleEagle59 · February 26, 2008 11:56AM

small correction always possible; big correction, I don't think so.

ttown · February 26, 2008 9:44PM

Stop thinking you'll never do anything. Put in a little every week and average up/down and you'll be fine if your timeline is 2 to 3 years. Just don't be putting the kitchen sink in your investments so your forced to sell.

metals price correction soon or what?

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