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Post by 1dave on Apr 27, 2017 11:50:14 GMT -5
www.kitco.com/Covers all precious metals Gold Prices: 24 Hour 30 Day Year Silver Prices Daily 30 Day Year
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Post by toiv0 on Apr 28, 2017 5:16:06 GMT -5
I've been watching silver its down about a dollar from when I started thinking about an order.
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Post by 1dave on Apr 28, 2017 6:26:57 GMT -5
I've been watching silver its down about a dollar from when I started thinking about an order. I added the silver charts so you can watch them here. I see silver is down for the month. Why ae they trying so hard to sell it?
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Post by toiv0 on Apr 28, 2017 6:34:39 GMT -5
I've been watching silver its down about a dollar from when I started thinking about an order. I added the silver charts so you can watch them here. I see silver is down for the month. Why ae they trying so hard to sell it? I never understand stocks up metal down, stocks down metal up. Bonds up metal down....billy needs silver , silver up.
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Post by 1dave on Apr 28, 2017 6:47:30 GMT -5
I added the silver charts so you can watch them here. I see silver is down for the month. Why ae they trying so hard to sell it? I never understand stocks up metal down, stocks down metal up. Bonds up metal down....billy needs silver , silver up. Simple Billy. The Manipulators get together and decide where they are going to make their money this month and the month after. Then they start the propaganda "X" is going down and "Y" is going up. They sell "Y" and buy "X." Next month they reverse, and harvest us like wheat.
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Post by toiv0 on Apr 28, 2017 13:45:10 GMT -5
Yep, but it seems like they know when the chaf like me is going to buy and Jack the price up.
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Deleted
Deleted Member
Member since January 1970
Posts: 0
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Post by Deleted on Apr 28, 2017 18:04:43 GMT -5
Yep, but it seems like they know when the chaf like me is going to buy and Jack the price up. Ours is not to reason "why?". Ours is to don't or to buy. Stock price high. Time to metals buy. Stock market goes to hell. Soon it will be right to metals sell. =========== Seriously, the why doesnt matter. Just take advantage of the trends for your personal gain. I hold significant silver. Now with business booming and stocks soaring, I have to hold longer than expected. Thats cool. I feel silver has much more upside potential than gold. YMMV. Yes, I wrote that poem above, today, off the cuff.... lol 1dave they want to drop inventory levels before prices drop further. They may be in at $15-16 and can still make a few bucks at $17.
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metalsmith
Cave Dweller
Member since October 2012
Posts: 1,537
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Post by metalsmith on Apr 29, 2017 1:21:00 GMT -5
I never understand stocks up metal down, stocks down metal up. Bonds up metal down....billy needs silver , silver up. If I held a large portfolio and had watched the price rise, what I bought for a dollar is now "worth" five. I believe that is only because some fool is willing to pay that right now. I might begin to think that the stock price was overvalued. I don't believe there is much more to gain. In fact, I'd like to sell before the market realises the 'value' has gone as far as it's going, the optimism runs out and the price drops. But what alternative investments are there? Art,fine wine, property ... gold! With (some) economic prosperity, art, fine wine and property prices seem high too. Why is gold so low? It has a good fundamental. I'm going to take my money out at the top and put it in at the bottom. Of course there are false bottoms and false tops. Generally, putting your money in at the bottom and taking out at the top is a winning formula. Can you recognise a top / bottom. Can you get the timing right? Gamble away. This doesn't constitute financial advice.
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metalsmith
Cave Dweller
Member since October 2012
Posts: 1,537
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Post by metalsmith on Apr 29, 2017 1:29:12 GMT -5
FWIW, I believe that the times have been such that we've seen a large amount of recycling of precious metals. First the gold / silver prices were high so the general public cashed in and secondly austerity times made it difficult not to sell the family silver so to speak. Any number of what might be viewed as opportunities for those with cash then...
1) buy gold / silver at relatively low prices (look at the long-term historical to see how high they really are); compare the price of property v gold; the price of the $ v gold 2) whilst all this recycling has been going on, rocks have been pulled off the recyclables and sold on some of our favourite internet auction sites. It seems to me the prices are pretty cheap and that when the current influx of recycling slows then this secondary source of gems will dry up, relatively speaking.
There are rocks and there are rocks.
Either I'll die rich or I'll be the one with the prettiest gravel on my grave in the cemetary - if I can afford anything more than a pauper's burial.
Again, this does not constitute financial advice.
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Post by toiv0 on Apr 29, 2017 4:41:07 GMT -5
Can't beat that advice, buy low sell at a loss but make up for it in volumn.
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