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.
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(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.
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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.
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*
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?
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