Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Gold And Silver Go From Bearish To More Bearish
Market Oracle ^ | 3-28-2014 | P Radomski CFA

Posted on 03/28/2014 7:59:31 AM PDT by blam

Gold And Silver Go From Bearish To More Bearish

Commodities / Gold and Silver 2014
Mar 27, 2014 - 03:16 PM GMT
By: P Radomski CFA

Commodities

Briefly: In our opinion short speculative positions in gold (half), silver (half) and mining stocks (full) are justified from the risk/reward perspective.

The decline in the precious metals sector continues, as indicated in the previous alerts. Gold, silver and mining stocks have declined once again and appear to be headed lower also today. Did yesterday’s price action change anything? Let’s take a look (charts courtesy of http://stockcharts.com). Today we will start with silver and mining stocks.

(snip)

(Excerpt) Read more at marketoracle.co.uk ...


TOPICS: News/Current Events
KEYWORDS: commodities; copper; gold; goldchart; goldprices; silver; silverinvesting

1 posted on 03/28/2014 7:59:31 AM PDT by blam
[ Post Reply | Private Reply | View Replies]

To: blam


2 posted on 03/28/2014 8:00:45 AM PDT by blam
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

3 posted on 03/28/2014 8:02:08 AM PDT by blam
[ Post Reply | Private Reply | To 2 | View Replies]

To: blam

Color me stupid, but I still find the trading of worthlessly inked paper for physical chunks of shiny metal a satisfying deal.


4 posted on 03/28/2014 8:07:24 AM PDT by dagogo redux
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Good. Maybe some of the low life slimes will stop busting up homes and people’s AC units for the scrap copper.


5 posted on 03/28/2014 8:07:40 AM PDT by catfish1957 (Face it!!!! The government in DC is full of treasonous bastards)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Whatever. Buy in the Dips

Gold & Silver unfortunately are subject to the same pump & dump manipulation that stocks and everything else is

The only difference is when it all crashes those with Gold & Silver will have something of value while others will have pretty pieces of paper


6 posted on 03/28/2014 8:14:03 AM PDT by qam1 (There's been a huge party. All plates and the bottles are empty, all that's left is the bill to pay)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Purely manipulation. It will not and can not stay down.


7 posted on 03/28/2014 8:29:41 AM PDT by TruthInThoughtWordAndDeed (Yahuah Yahusha)
[ Post Reply | Private Reply | To 1 | View Replies]

To: qam1
"The only difference is when it all crashes those with Gold & Silver will have something of value while others will have pretty pieces of paper"

Yup. I bought some more junk US dimes last week.

8 posted on 03/28/2014 8:31:35 AM PDT by blam
[ Post Reply | Private Reply | To 6 | View Replies]

To: sauropod

.


9 posted on 03/28/2014 8:43:41 AM PDT by sauropod (Fat Bottomed Girl: "What difference, at this point, does it make?")
[ Post Reply | Private Reply | To 2 | View Replies]

To: qam1

Excuse my ignorance, but at what price do you consider to be a good investment to jump into?


10 posted on 03/28/2014 8:44:13 AM PDT by aimhigh (John 14:21)
[ Post Reply | Private Reply | To 6 | View Replies]

To: aimhigh

Simply - look at the graphs over the past year or two.

I have a strike price on silver at $19 - your mileage may vary.


11 posted on 03/28/2014 8:47:11 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Diana in Wisconsin
Japanese Prepare For "Abenomics Failure", Scramble To Buy Physical Gold
12 posted on 03/28/2014 8:48:21 AM PDT by blam
[ Post Reply | Private Reply | To 10 | View Replies]

To: blam

When I last bought gold and silver, the prices were 600ish/$13 once respectively. Both had a remarkable rise. Gold has retained its value better. I sold most of my gold around $1200 and silver around $30. I still have silver and am thinking of buying some more. If gold drops below $1000/once, I will buy some more of that too.


13 posted on 03/28/2014 8:49:33 AM PDT by 3Fingas (Sons and Daughters for Freedom and Rededication to the Principles of the U.S. Constitution)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Yippee! :)

And did you see that we’re most likely going to war with Russia? We’re gonna be rich, rich, RICH I tells ya!

*SMIRK*


14 posted on 03/28/2014 9:11:15 AM PDT by Diana in Wisconsin (I don't have 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set...)
[ Post Reply | Private Reply | To 12 | View Replies]

To: aimhigh
Excuse my ignorance, but at what price do you consider to be a good investment to jump into?

as with most "investments", as opposed to speculative plays, it is best not to "jump in" but rather to "wade in" using a dollar cost averaging approach

spend a similar amount each week/month (or whatever your cycle is) and in time you'll come out ahead ... buying more when the price is down and less when it is ahead

15 posted on 03/28/2014 9:16:36 AM PDT by TheRightGuy (I want MY BAILOUT ... a billion or two should do!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: blam
Yup. I bought some more junk US dimes last week.

Could you offer a little insight based on your experience in buying junk silver?

Where is a good place to buy - local or on the net?

If on the net can you name a source?

Do you purchase junk coins by weight or by face value? I see them for sale both ways.

Do you expect to buy at the spot price or do you have to pay a premium?

Thanks for any info you can share.


16 posted on 03/28/2014 9:18:38 AM PDT by Iron Munro (The future ain't what it use to be -- Yogi Berra)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Iron Munro
I buy only legal currency coins and I use the Melt Value as a pricing guide.

This past week I bought 90% silver dimes at a yard sale from a prepper who had fallen on hard times. I paid $1.60 for each dime. My buddy bought his silver rounds but I don't know what he paid.

Last year I bought dimes from a guy who advertised on Craig's List and was set-up an a flea market in small-town near by. I paid him $2.30 per dime at that time.

I have a cache of 90% silver dolars that I've bought at prices ranging from $11.00 to $22.00 each.

17 posted on 03/28/2014 9:30:51 AM PDT by blam
[ Post Reply | Private Reply | To 16 | View Replies]

To: qam1

You are right, because you can’t eat the paper, and you can’t make a shelter, or clothing, out of it, like you can the shiny metal.....


18 posted on 03/28/2014 9:33:03 AM PDT by CharlesWayneCT
[ Post Reply | Private Reply | To 6 | View Replies]

To: blam

I need to confess. I wanted to put a stop to this pesky gold price increase thing.

So, I put a tiny amount of money in my 401k into a commodity package that was mostly gold and silver. I did that about a year ago.

Sorry, I guess I should have posted more explicit warnings. My investment is pretty much the death knell for anything, I’ve bankrupted companies just by purchasing options before.

I am like the world’s worst investor.


19 posted on 03/28/2014 9:46:17 AM PDT by CharlesWayneCT
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Today the Japanese are buying Gold like crazy today. I wonder what change will happen in the next three days?


20 posted on 03/28/2014 9:49:25 AM PDT by vetvetdoug
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

Thanks for your helpful response.


21 posted on 03/28/2014 10:06:55 AM PDT by Iron Munro (The future ain't what it use to be -- Yogi Berra)
[ Post Reply | Private Reply | To 17 | View Replies]

To: vetvetdoug

Theyre are really a lot of these articles out last few days...because russia dumped tbills...and japan sales of gold are up 500%....But in my opinion its all a con...holding the manipulation in place through each emergency does nothing but tighten the spring....if the dollar was to be preserved they would have held the price down but allowed it rise slowly in a controlled sustainable way....to mimic natural buying.

I dont own any gold and only a little silver...because im poor....but Ive been watching...the price fall....when there is an emergency...for 10 yrs.

They are having an emergency right now.


22 posted on 03/28/2014 10:06:57 AM PDT by Therapsid
[ Post Reply | Private Reply | To 20 | View Replies]

To: CharlesWayneCT

Re your #19... Wow; I didn’t know there was another one of me out there!

I can curse a company just by investing in it. It’s a gift... I guess.

Had I bought gold back when it was $338 (my financial counselor said “NAAAAH; you don’t want GOLD!!!” - of course he was not selling gold at the time) they would have discovered a mountain full of it or it would be found to be environmentally hazardous (like mercury, which used to be a semi precious metal) and I’d have to pay a waste abatement crew to come and haul it away.

I invested in an Israeli oil company just so I could lose my money and get it over with; so far my $1000 has grown into about $362, and although they have yet to go completely belly up they have been asking for a lot of prayer lately.
Oh well; I consider Israel to be a worthy cause, in the interest of global charity if nothing else.

I get my silver (gold is too rich for my blood) from http://www.apmex.com/category/503/silver

I just pounced on some when they offered free shipping and spot dropped below $20, at which point I don’t figure I can go too far wrong a little bit at a time. Since then it’s dropped even more and now has gone back up to $19.85.

It used to be not so much an “investment” as it was a hedge against inflation even if it never appreciated much...
Now I consider it to be a hedge against total collapse.

I like the Canadian Maple Leafs; they are .9999 pure and can be cut in a spiral, straightened out into an electrode, and used to generate colloidal silver, an old but still fairly effective antimicrobial / disinfectant solution.

Whether you buy on line or at a coin shop, there is a premium. Minted currency is a good idea, but I mix some “rounds”, bullion and “Industrial” silver (which usually comes as out dated mixed rounds, some of which are kind of interesting) in as the premiums are generally less.

If you have an “underground” source or buy at flea markets and such, all the better; not too many counterfeiters bother with silver, although you have to watch out for Chinese gold plated tungsten slugs being passed off as gold. Informal transactions are less apt to be noticed by “IVAN” who could come around with my APMEX purchase records and demand on pain of enhanced interrogation that I hand it over.

As to storage, some people use a safe but that’s the fist place the barbarians will look for it, and there is no safe made they can’t cut into or torture you into opening for them. If you bury it it might turn black but won’t deteriorate appreciably.

I diversify; I hide some, stash some, and have simply lost some of it and don’t know what the blazes I did with it. I like to carry a real dollar around in my pocket and they fall out into recliner chairs or car seats, or into the pile of debris in my closet when I hang my trous up at night. Hopefully in time of need a few will turn up here and there.

Some commemorative coins and bars make good gifts, and I’ve given out several of them.


23 posted on 03/28/2014 10:40:31 AM PDT by George Varnum (Isaiah 5:20 Woe unto them that call evil good, and good evil; that put darkness for light...)
[ Post Reply | Private Reply | To 19 | View Replies]

To: George Varnum

Two weeks ago I bought 3 Canadian Silver maple leafs, 3 Johnson Matthey 1 ounce silver bars, 1 Walking liberty 1 ounce silver coin and a 10 lb .999 pure copper bar all off Ebay. Average price on each 1 ounce silver coin and bar was about $26. free shipping, even on that copper bar.

I do have well over 100 pounds of #1 bare copper wire left over from a 480volt plant installation, I am making a furnace to melt it down into manageable sized ingots.


24 posted on 03/28/2014 10:50:57 AM PDT by Spartan302
[ Post Reply | Private Reply | To 23 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson