Is Silver next?

[spencer rifle]

Au is creeping toward or under $1700 today - might bite on a couple of these:


ETA: got two this afternoon.

 

[Mij]

“Au is creeping toward or under $1700 today - might bite on a couple of these”


Too Cool, way to go.

 

[spencer rifle]

This shameless Au flirting around with 1700 has to stop. MAKE UP YOUR MIND! You're driving me crazy!

 

[Mij]

This shameless Au flirting around with 1700 has to stop. MAKE UP YOUR MIND! You're driving me crazy!

Relax, “buy in May and go away” (old stackers mantra), don’t sweat the small stuff. If you look at the daily charts things look more dramatic than if you look at a ten year chart. On a ten year it’s just a bump in the upward path. Best of luck to ya.

 

[spencer rifle]

DOH! Timed it wrong again. Oh well. Market timing never works in the long run. Now for the "and go away" part.

 

[Mij]

Wife’s stop loss alert just went off, Au down 5% yr.

Looks like spot is trading near 1660.00 down ~90.00 on the year.

I don’t do paper, looks like a buy op. to me. I’m gonna talk to her tomorrow, when she gets home.

 

[DoggyDaddy]

Wife’s stop loss alert just went off, Au down 5% yr.

Looks like spot is trading near 1660.00 down ~90.00 on the year.

I don’t do paper, looks like a buy op. to me. I’m gonna talk to her tomorrow, when she gets home.

I may have waited too long this morning. I've been burned buying on the first dip before, but now Au spot has gone up 10 bucks from where it was when I first checked.

 

[DoggyDaddy]

Went ahead and snagged another one of these when spot hit 1659.00.

 

[Mij]

Metals being driven down for the paper guys to take advantage. Looks like the FED is gonna go big tomorrow.

quote “The consumer price index report has introduced a level of uncertainty about how the Fed will behave," said Garrett DeSimone, head of quantitative research at OptionMetrics. DeSimone said he thinks the Fed should raise rates by 100 basis points, a move that would be a "ripping off the Band-Aid hike." unquote

Another buy opportunity awaits us I think.

I love the word ‘quantitative’ sounds so much better than bale out.

 

[teddy12b]

If there's ever been anything consistent with my investing in precious metals has been that any event like this seems like it'd make the value/price go up, but ultimately I end up being wrong and it drives the prices down. I keep a level of precious metals in the cart on my favorite website so I can watch the net effect of metals to my door as the price fluctuates.

 

[spencer rifle]

You should buy now, teddy, so the rest of us can get a good price.

 

[teddy12b]

You should buy now, teddy, so the rest of us can get a good price.

It crossed my mind, but I'm in the middle of a rifle project that's draining me already.

 

[snorko]

I was hoping for a dip closer to $19/oz. Monument Metals has Germania bars on sale with 10oz bars at $22.50/oz and 250gr bars (8.038 oz) for $22.40/oz.

They also have Perth Mint kilo bars for $21.80/oz pre-order. Larger bars are wicked cool but I worry about being able to sell them easily if prices go up. At say $30/oz a 10 oz bar is still easily sold even here on Ingo. But a kilo bar would be $965 at that price and much harder to sell. You would likely have to go to an LCS or even sell back to an online dealer.

BTW, a few years ago I needed some quick cash to help a friend buy a car. Didn't want to pull from savings and so I sold two 1oz and one 1/2 oz gold coins to Provident. It was an easy process and I got a good price.

 

[Mij]

I’m guessing the FED made a statement gold just went parabolic up 20 bucks in about 20 min. 60’s to 80’s still climbing

 

[Mij]

Still climbing spread for the day is 1655 to 1686 and going up. Gonna have to turn on Bloomberg may have only went up 50 basis points, that would be a surprise

 

[DoggyDaddy]

Still climbing spread for the day is 1655 to 1686 and going up. Gonna have to turn on Bloomberg may have only went up 50 basis points, that would be a surprise

Wow, I'd been occupied with other things and hadn't looked at my Kitco tab. Stocks aren't doing anything though.

 

[Mij]

.75% everything going up. Green across the board.

gold at 88 and still climbing

 

[Mij]

Dow, nasdaq, s and p, dollar, all going up. Check out the b-burg site


only metal down still is copper


even 10 & 30 yr. Bonds are going up

 

[Mij]

OK, looks like things are settling now

 

[DoggyDaddy]

OK, looks like things are settling now

Wonder what happened to cause that big bump.