Mortgage the house. We are going higher..guarenteed !

edmundfitzgerald · June 23, 2011 9:58PM

Thanks for the tip guys.

Spooly · June 23, 2011 11:12PM

That is a healthy sign!

DrBuster · June 23, 2011 11:32PM

Just trying to get the sell going so they can snap up on the dip?

Banemorth · June 23, 2011 11:33PM

I wish I knew how long this dip was going to last. I was going to send out about 40 ounces of silver and a 1/4 ounce of gold to melt next week. Figures.

derryb · June 24, 2011 1:58AM

just the beginning of the next leg down for silver. build your cash.

OPA · June 24, 2011 3:38AM

<< just the beginning of the next leg down for silver. build your cash. >>

Spooly · June 24, 2011 4:49AM

derryb, OPA

So what's your down side number?

I'm hoping for a fall rally........ I have been stacking call options.

derryb · June 24, 2011 8:36AM

<< derryb, OPA

So what's your down side number?

I'm hoping for a fall rally........ I have been stacking call options. >>

Just a guess, $28 bottom. Really all depends on how soon Fed starts pumping money again. The longer they wait the further the drop.

goingbroke · June 24, 2011 9:13AM

I have LOTS of CASH in my buying acount! $28.00 or lower on silver would be nice!. I also hope GOLD keeps going down as fast!

Bear · June 24, 2011 9:31AM

Pretty tough to get a new mortgage on a house that is upside down in value.

FullCameo · June 24, 2011 9:46AM

The same thing began happening late 2008. Hedge funds began selling and PM's across the board took a large dive. Silver has made the largest recovery since then, so I'd expect silver will take the largest fall.

OPA · June 24, 2011 10:05AM

<< derryb, OPA

So what's your down side number?

I'm hoping for a fall rally........ I have been stacking call options. >>

as far as rally's are concerned, don't hold your breath. If history is repeating itself, it may take years to recover to the $40-$50 range.
It could go as low as $20 before it's over. But you have one consolation in your favor, my crystal ballerization is only running about 50-50 in the ballpark.

piecesofme · June 24, 2011 11:22AM

Pretty tough to get a new mortgage on a house that is upside down in value.

On the flipside..keep spreading the fear everyone. Bring even more buyers into the PM's so there will be even less supply. (has that been working the last month?) Can you tell those statements are dripping in sarcasm? Couldn't find a sarcasm emotion. This rhetoric from the link provided by the OP means nothing.
Nothing has changed other than the CME manipulation, so I'd have to agree with the downward predictors. You can't fight City Hall. If they want it to come down making money on it on the way down, then that's what will happen because they can MAKE it happen. All we can do is react on join the flow.

Baley · July 10, 2013 3:23AM

<< Thanks for the tip guys. >>

heh. Turns out they were right.

Silver and gold price change since the OP 6/24/11

RedneckHB · July 11, 2013 3:08PM

<< 

<< derryb, OPA

So what's your down side number?

I'm hoping for a fall rally........ I have been stacking call options. >>

as far as rally's are concerned, don't hold your breath. If history is repeating itself, it may take years to recover to the $40-$50 range.
It could go as low as $20 before it's over. But you have one consolation in your favor, my crystal ballerization is only running about 50-50 in the ballpark. >>

Nice call OPA.

Mortgage the house. We are going higher..guarenteed !

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