Skip to comments.Gold And Silver Go From Bearish To More Bearish
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
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 yesterdays price action change anything? Lets take a look (charts courtesy of http://stockcharts.com). Today we will start with silver and mining stocks.
(Excerpt) Read more at marketoracle.co.uk ...
Color me stupid, but I still find the trading of worthlessly inked paper for physical chunks of shiny metal a satisfying deal.
Good. Maybe some of the low life slimes will stop busting up homes and people’s AC units for the scrap copper.
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
Purely manipulation. It will not and can not stay down.
Yup. I bought some more junk US dimes last week.
Excuse my ignorance, but at what price do you consider to be a good investment to jump into?
Simply - look at the graphs over the past year or two.
I have a strike price on silver at $19 - your mileage may vary.
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.
And did you see that we’re most likely going to war with Russia? We’re gonna be rich, rich, RICH I tells ya!
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
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.
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.
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.....
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.
Today the Japanese are buying Gold like crazy today. I wonder what change will happen in the next three days?
Thanks for your helpful response.
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.
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.
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.