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Old 09-25-2011, 16:15   #1021
cowboy1964
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I'm quoting you on this. Be prepared. I haven't quoted anybody that was even 1/2 right so far.
Notice I hedged a little by saying a month or TWO. I thought about saying "end of the year" but I'm fairly confident it won't take long for the price to rise again. The debt commission will be in full swing pretty soon and everyone will once again see that they aren't serious about cutting spending.

It really doesn't matter whether it's 2 months or 6 or even 24. The long term trend is still going to be up. The slower it rises the more I will be able to buy before it does!

I was right about stocks. I got out in June.

Last edited by cowboy1964; 09-25-2011 at 16:16..
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Old 09-25-2011, 16:18   #1022
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Originally Posted by cowboy1964 View Post
Notice I hedged a little by saying a month or TWO. I thought about saying "end of the year" but I'm fairly confident it won't take long for the price to rise again. The debt commission will be in full swing pretty soon and everyone will once again see that they aren't serious about cutting spending.

It really doesn't matter whether it's 2 months or 6 or even 24. The long term trend is still going to be up. The slower it rises the more I will be able to buy before it does!

I was right about stocks. I got out in June.
Yes, I can read, I noticed you said a month or two. I figured to give you till Dec 1.
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Old 09-25-2011, 22:31   #1023
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This is cute...3 points in a few hours...

I'm thinking we'll be back to the teens, if this keeps up, in under a week.

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Old 09-25-2011, 23:26   #1024
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It's still going straight down. $26.14 right now. Gold under $1600 now. The gold/silver ratio is up 10 pts in the last week.

I think the powers that be realize Greek and the Euro are really doomed.

The auctions I've been following on Ebay today show people still paying as much as $39 for a silver American Eagle. Idiots.

Going to be one hell of a week.... again!

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Old 09-25-2011, 23:26   #1025
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Yes, I can read, I noticed you said a month or two. I figured to give you till Dec 1.
Is it too late to withdraw my prediction? Let's predict how long it will go. I say it will bottom at $20 in the next few weeks. If it goes to $10 I'm cashing in my 401k and buying a crapload.

It only took 2 months to go from $27 to $40 last time. Maybe it will repeat.

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Old 09-26-2011, 10:47   #1026
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Mike Maloney has talked about the deflationary period that will happen prior to big or hyperinflation. It may be that we are entering that deflationary period now and all commodities will just get whacked. This may be the last great PM buying oppurtunity in this bull run cycle.

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Old 09-26-2011, 13:20   #1027
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I don't care what the market does. I didn't get into P.M.'s 30 years ago as a money maker as much as for/if the ballon goes up.

I keep about 10% of my assets in metals and have done real well. With $400 gold, and $12 silver I am cool.
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Old 09-26-2011, 13:25   #1028
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There will ALWAYS be SOME point...at which gold is sold.

And silver.

For the purpose that it was bought for.

For some, this will happen earlier than others. Unhappily for many, earlier than expected.

For some people the S has already hit the fan. Its doing the job it was designed to do.
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Old 09-26-2011, 14:17   #1029
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We may have bottomed today. From a low of $26.xx holding steady at $30.xx. And stocks are doing well today.
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Old 09-26-2011, 21:52   #1030
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I work with a guy who takes 20% of his checks and buys silver and gold as his "insurance policy". He just doesn't believe in the dollar anymore.

Seems crazy to me...but gold and silver keep their value.
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Old 09-27-2011, 04:58   #1031
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We may have bottomed today. From a low of $26.xx holding steady at $30.xx. And stocks are doing well today.
Up to $33 already. Not that I'm complaining but this did not happen last time. It went down and stayed down. Anything can happen, but again this quick correction is somewhat in contrast to what we saw before. But I'm sure someone will arrive shortly to help explain it.

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Old 09-27-2011, 12:57   #1032
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Gold was up $75 this am. Seems to have found resistance at 1600ish, for the moment.
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Old 09-27-2011, 13:57   #1033
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Stocks are way up too. The one stock I trade on a weekly basis (a very good solid company) is seeing weekly swings up and down of 5-10% now week after week. On no real news, just general global panic and relief swings. It's just nuts.

I'm trying to buy silver but the idiots on Ebay are still paying $7-8 over spot for American Eagles.
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Old 10-06-2011, 23:41   #1034
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$32.27 right now. Very fierce resistance to dipping below $29-30. Don't know how fast it will go back up but every day there's worse and worse news on the global economy. And we ain't seen nothing yet.
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Old 10-07-2011, 05:13   #1035
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$32.27 right now. Very fierce resistance to dipping below $29-30. Don't know how fast it will go back up but every day there's worse and worse news on the global economy. And we ain't seen nothing yet.
Right, everyone is still in denail. But as I've asked before and IIRC no one commented on...Is the denial is perpetual, does this whole paper shorting, worthless money, etc...just continue as acceptable??

-Emt1581
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Old 10-15-2011, 12:04   #1036
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A gold store where I live is running a deal this week where they'll buy gold and silver 20% above spot, 40% above spot for store credit. Perhaps they're expecting something??
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Old 10-15-2011, 12:12   #1037
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A gold store where I live is running a deal this week where they'll buy gold and silver 20% above spot, 40% above spot for store credit. Perhaps they're expecting something??
I've never heard of such a thing. Anyone else?

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Old 10-15-2011, 12:28   #1038
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A gold store where I live is running a deal this week where they'll buy gold and silver 20% above spot, 40% above spot for store credit. Perhaps they're expecting something??
Weird. I assume that means they are SELLING at more 40% above spot. What a ripoff.

Sounds like a gimmick to get people to come in. I wouldn't be surprised if they have some kind of limit, like 1 oz per customer. Do you know?

Last edited by cowboy1964; 10-15-2011 at 12:31..
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Old 10-15-2011, 12:32   #1039
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A gold store where I live is running a deal this week where they'll buy gold and silver 20% above spot, 40% above spot for store credit. Perhaps they're expecting something??

Well lets see:

Fast and Furious may lead to Hussein being impeached
Wall Street rioters are spreading world wide
NO one has faith in the dollar

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Old 10-15-2011, 12:37   #1040
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NO one has faith in the dollar
Actually that's not true. The one good thing we having going for us…


Every other currency in the world is worse off. Money still flees here, which is why the puppet show continues.

Though at some point…even that will fail.
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