Final gold and silver plunge coming up soon? | |
Anonymous Coward User ID: 48721866 Canada 10/21/2013 08:39 PM Report Abusive Post Report Copyright Violation | |
Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 08:46 PM Report Abusive Post Report Copyright Violation | I agree. I think if we can just get down to the true bottoms the tide will turn in a big way. Roughly $1000 seems to be the real target. www.finviz.com/futures_charts.ashx?t=GC&p=w1 I'm actually going to be concentrating on silver for this new reflation. IMO Its going to be one for the history books. |
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Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 09:01 PM Report Abusive Post Report Copyright Violation | |
The Right Policy
User ID: 27635921 United States 10/21/2013 09:03 PM Report Abusive Post Report Copyright Violation | The Right Policy is Always Conservative "The danger to America is not Barack Obama, but a citizenry capable of entrusting a man like him with the Presidency. It will be far easier to limit and undo the follies of an Obama presidency than to restore the necessary common sense and good judgment to a depraved electorate willing to have such a man for their president. The problem is much deeper and far more serious than Mr. Obama, who is a mere symptom of what ails America . Blaming the prince of fools should not blind anyone to the vast confederacy of fools that made him their prince. The Republic can survive a Barack Obama, who is, after all, merely a fool. It is less likely to survive a multitude of fools, such as those who made him their President." - Vaclav Klaus |
Anonymous Coward User ID: 48706513 United States 10/21/2013 09:08 PM Report Abusive Post Report Copyright Violation | |
Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 09:09 PM Report Abusive Post Report Copyright Violation | If the jobs number stays the same gold will spike upward because tapering will be off. At the end of October at the next fed meeting it will explode up when they INCREASE QE. Its the only way they can save Obama. Quoting: The Right Policy I think it is all short term noise and the downtrend will not be broken until we bottom at $1000 major support. Since the cup and handle broke down at $1700+ we've had all sorts of reasons for gold to spike but every time it did we just saw it fail again and again. This down trend is still in place unless we get a serious breech upward: www.finviz.com/futures_charts.ashx?t=GC |
Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 09:15 PM Report Abusive Post Report Copyright Violation | |
Mukk1234
User ID: 40837657 United States 10/21/2013 09:15 PM Report Abusive Post Report Copyright Violation | Still looking for $1000 gold/ $15 silver, give or take 10% before we really turn around these markets. Any fellow PM tards left? lol Quoting: Punk-A$$ets Really, sorry I disagree....you have nothing to support this but a statement. The real PM traders and 40+ year experts may disagree. At that price all mining will stop as average cost to produce 1oz is over 1100USD. The lower it goes the more China and India purchase. I suggest doing some research before you post a thread with out much backing data. Last Edited by Mukk1234 on 10/21/2013 09:16 PM |
Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 09:34 PM Report Abusive Post Report Copyright Violation | Still looking for $1000 gold/ $15 silver, give or take 10% before we really turn around these markets. Any fellow PM tards left? lol Quoting: Punk-A$$ets Really, sorry I disagree....you have nothing to support this but a statement. The real PM traders and 40+ year experts may disagree. At that price all mining will stop as average cost to produce 1oz is over 1100USD. The lower it goes the more China and India purchase. I suggest doing some research before you post a thread with out much backing data. Just looking at the support levels tells me all I need to know. I've done plenty of research and the one thing I've gleaned is that gold bulls and silver bulls generally spout off a bunch of gold and silver Bull(shit). The closing of mines is actually what we need to turn this thing around. I'm on your side I just see it differently. You look at that downtrend in gold and you actually see something more than an arcing downtrend? Even with the pathetic bounce from $1180, its still arcing downward. |
RAe User ID: 3475591 United States 10/21/2013 09:34 PM Report Abusive Post Report Copyright Violation | |
Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 09:36 PM Report Abusive Post Report Copyright Violation | Draw a line across the top from left to right. We're at the end of the bounce from 1180. [link to finviz.com] |
Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 09:37 PM Report Abusive Post Report Copyright Violation | All of the biggest miners, the Exxon Mobile of Gold Mining like GoldCorp, Barrick, Newmont, Kinross, IAMGOLD, their true cost to mine an OZ of AU is around $1300 Quoting: RAe 3475591 I do not deny any of this. This will be the wind in our sails when it is time to ride. But I seriously doubt we're riding upward from this level. |
Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 09:44 PM Report Abusive Post Report Copyright Violation | Weak support at $1200, Staunch support at the $1000, robust support at $700. This is what I see. [link to www.kitco.com] |
Anonymous Coward User ID: 46908249 United States 10/21/2013 09:46 PM Report Abusive Post Report Copyright Violation | |
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Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 09:51 PM Report Abusive Post Report Copyright Violation | ...and you still think you're a player in this game? HAHAHAHAHAHAHAHA... Quoting: Anonymous Coward 46908249 I have been a full time coin dealer for 14 years now. We've done well and continue to make a living selling coins. I could care less if I'm selling gold for $1000 or $1500 so long as I make my spread. |
Anonymous Coward User ID: 46908249 United States 10/21/2013 09:53 PM Report Abusive Post Report Copyright Violation | ...and you still think you're a player in this game? HAHAHAHAHAHAHAHA... Quoting: Anonymous Coward 46908249 I have been a full time coin dealer for 14 years now. We've done well and continue to make a living selling coins. I could care less if I'm selling gold for $1000 or $1500 so long as I make my spread. Your spread is going to go bye bye... |
Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 09:55 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 45292497 United States 10/21/2013 09:56 PM Report Abusive Post Report Copyright Violation | ...and you still think you're a player in this game? HAHAHAHAHAHAHAHA... Quoting: Anonymous Coward 46908249 I have been a full time coin dealer for 14 years now. We've done well and continue to make a living selling coins. I could care less if I'm selling gold for $1000 or $1500 so long as I make my spread. do you do numismatics or just bullion? |
Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 09:58 PM Report Abusive Post Report Copyright Violation | ...and you still think you're a player in this game? HAHAHAHAHAHAHAHA... Quoting: Anonymous Coward 46908249 I have been a full time coin dealer for 14 years now. We've done well and continue to make a living selling coins. I could care less if I'm selling gold for $1000 or $1500 so long as I make my spread. do you do numismatics or just bullion? Both. But I have to admit to using ETFs. Much easier and more time to enjoy life. |
Sikhed
User ID: 47626355 United States 10/21/2013 09:59 PM Report Abusive Post Report Copyright Violation | IMO, it'll never go lower than that, in dollars, because of upcoming economic failure and hyperinflation; when the value of the dollar takes a dive when China unveils it's gold-backed Yuan as the new world currency. But right now, while the USD, Euro and Yen still retain value, it's still a good time to buy PMs. Physical, that is. :doom360: |
Punk-A$$ets
(OP) User ID: 30559668 United States 10/21/2013 10:04 PM Report Abusive Post Report Copyright Violation | I believe the (recent) low for gold & silver has already happened. That was in July(?) of this year when gold was $1225 and silver was $17 (spot). Quoting: Sikhed IMO, it'll never go lower than that, in dollars, because of upcoming economic failure and hyperinflation; when the value of the dollar takes a dive when China unveils it's gold-backed Yuan as the new world currency. But right now, while the USD, Euro and Yen still retain value, it's still a good time to buy PMs. Physical, that is. Could be the lows are in but we've been making lower lows and lower highs in both metals since the end of august. All this and we're still not breaking the down trend lines/ arcs established long ago. I see this as people selling when those trend lines are hit. We need to breech those down trends. I keep stacking, month after month, year after year. |
Anonymous Coward User ID: 4975741 United States 10/21/2013 10:14 PM Report Abusive Post Report Copyright Violation | The US gov just took on $328 billion in new debt in one day after the debt ceiling got raised. The horses are out of the stable. Gold will creep back down to $700/oz when the US debt creeps back down to $10 trillion. So when do you think that will occur, sparky? |
Interested_1
User ID: 30318195 United States 10/21/2013 10:30 PM Report Abusive Post Report Copyright Violation | Still looking for $1000 gold/ $15 silver, give or take 10% before we really turn around these markets. Any fellow PM tards left? lol Quoting: Punk-A$$ets I'm not sure we'll ever see that again. 1200 gold and 20 silver, maybe. And then i might have a little shopping spree. Take the red pill now...later it will come as a suppository. |
silvervega
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