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So when is GOLD and SILVER supposed to go back up?

 
lost hope in metals
User ID: 10051301
United States
06/28/2012 12:52 PM
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So when is GOLD and SILVER supposed to go back up?
right now the price is shit for both...

any news on when it might pick up in value?
Mukk1234

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06/28/2012 12:58 PM

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Re: So when is GOLD and SILVER supposed to go back up?
Keep in mind that the price is for paper ETF and GLD and others paper trading devices for PM. First we will hit a deflation on all commodities. While this is happening ( like right now) hold tight don't sell. When the trillions of dollars that have been shipped offshore return to roost, we will go into inflation then hyperinflation.

This is the time to have some grit, hold the line and wait for the explosion in PM prices.

Have you noticed the commissions on PM's is so fucking high that should tell you something....

Last Edited by Mukk1234 on 06/28/2012 12:59 PM
Anonymous Coward
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07/19/2012 09:23 AM
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Re: So when is GOLD and SILVER supposed to go back up?
how is the price bad?? look at the prices from a year in a half ago. they are up. unless you are new into it and lost some money when you bought at the top.
Erectus

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07/19/2012 09:55 AM
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Re: So when is GOLD and SILVER supposed to go back up?
how is the price bad?? look at the prices from a year in a half ago. they are up. unless you are new into it and lost some money when you bought at the top.
 Quoting: Anonymous Coward 15881172


Yep. Prices are still high.

Prices will probably fall dramatically just before we go into full scale meltdown. Tons of bullion will be sold off to raise capital in an attempt to keep the ships afloat.

That will be a good opportunity to buy, buy, buy. I like junk US silver. It is denominated well to use in trade.
Erectus
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07/19/2012 10:30 AM
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Re: So when is GOLD and SILVER supposed to go back up?
Heres the thing, silver and gold are not "supposed" to go up, but they do because our currency has no backing. Inflation causes gold and silver to go up. Deflation causes it to go down. Right now things are deflating, when will inflation kick in? Deflation always proceeds inflation. Another QE package would send it up, or operation turbo twist to save the EU.
Anonymous Coward
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07/19/2012 10:38 AM
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Re: So when is GOLD and SILVER supposed to go back up?
Tomorrow is Precious metals stock options expiry and then next week going into the end of the month is options expiry on contracts. I would not buy until the first week in August.

They have to take all the calls "out of the money" by tomorrow afternoon (a medium sized stack are "in the money" but they can have no-one in the money)

[link to www.nasdaq.com]
Anonymous Coward
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07/19/2012 10:45 AM
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Re: So when is GOLD and SILVER supposed to go back up?
how is the price bad?? look at the prices from a year in a half ago. they are up. unless you are new into it and lost some money when you bought at the top.
 Quoting: Anonymous Coward 15881172


Yep. Prices are still high.

Prices will probably fall dramatically just before we go into full scale meltdown. Tons of bullion will be sold off to raise capital in an attempt to keep the ships afloat.

That will be a good opportunity to buy, buy, buy. I like junk US silver. It is denominated well to use in trade.
 Quoting: Erectus


you mean a tons of paper. Anyone who thinks etfs are backed by real metal is retarded.

At some point physical will decouple with paper. I'm continuing to buy every month and have some dry powder should we see a dip - it won't last long.


silver technicals show it to be oversold

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