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Metals Down! [sale]

Discussion in 'PM Trading/Stocks/Technical Analysis' started by REO 54, Mar 6, 2012.



  1. REO 54

    REO 54 Midas Member Midas Member

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    So what gives? No comments as of yet this morning? How far will this sale/correction go? Guesses?
     
  2. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,Just holding my breath -- with finger on the triger --- trying to FIGURE :stupido2: if I can cut another corner and buy a KILO bar at $1114.00.:biggrin:

    May have to live on PB+J but I am itching to pull the triger REAL BAD! :yes:

    the DUCK :2:
     
    Last edited: Mar 6, 2012
  3. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    The 46 million people on Food Stamps are saying the dollar is getting stronger.
     
  4. SilverCity

    SilverCity Gold Member Gold Chaser

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    Markets are down across the board. TPTB can't have metals shine above the crowd.

    SC
     
  5. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,Mr Paradise,They are sadly WRONG --- it can only FALL and ocasionaly fall SLOWER! :banghead:

    the DUCK :2:
     
  6. REO 54

    REO 54 Midas Member Midas Member

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    Me too. Want to go to the LSC and pick off the weak hands.:D
     
  7. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,REO 54,The APMEX price just went up a little to $1120.00 but on the board here it is still $32.50 an oz! :banghead:

    the DUCK :stupido2:
     
  8. REO 54

    REO 54 Midas Member Midas Member

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    Yep.Just called the local coin shop.....there selling ASE's at 38 still!!:(
     
  9. StateofJefferson

    StateofJefferson Silver Member Silver Miner

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    So, Mr. REO 54, when the discussion is about backing up the truck, you could do some damage with that truck!
     
  10. REO 54

    REO 54 Midas Member Midas Member

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    Hmmm....thats true.And with a 20 ton winch in the front,6wheeldrive....aw jeeze,don't give me any ideas!!:D
     
  11. southfork

    southfork Mother Lode Found Mother Lode

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    My fault sorry, picked up 35 ounces at Sarasota coin show over the weekend.
     
  12. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Thanks for clearing that up because I was going to blame the rockets pics that were posted on GIM2. Of course there is nothing wrong with a silver smackdown if it presents an opportunity for people to buy silver at lower prices.
     
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  13. southfork

    southfork Mother Lode Found Mother Lode

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    Obummer has saved the world, no need for gold and silver anymore, sell and buy treasury bills.
     
  14. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Yep. I agree. The economy is getting much better and the unemployment rate is going down and the U.S. $ is going up. Happy Happy Joy Joy. :sarc:
     
    Last edited: Mar 6, 2012
  15. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,Silver Art,You finely convinced me of the BEAUTY in a bar of SILVER :yes::36_3_13:

    I fell in love with one of thease :hahaha: just this after noon! :36_1_11:

    http://www.apmex.com/Resources/Catalog Images/Products/51412_Slab.jpg

    I have had ASEs and ROUNDS of many kinds -- even some asorted bars :yes: but this TIME -- I think I have found the one I will LOVE best :hahaha: when it is delivered! :yes::yes::yes::biggrin:

    the DUCK :2:
     
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  16. prophet

    prophet Silver Member Silver Miner

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    JOY TO THE WORLD! :565:
     
  17. andial

    andial Sir Midas Member Site Supporter ++

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    southfork, do us a favor, don't buy anymore Silver. JMHO
     
  18. Gold Rules

    Gold Rules Gold Member Gold Chaser

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    LMAO :s9:

    WeLLLLLLLLLLLLL at least you have the balls to tell us

    cant say that about the Miners CEO's who bend over for the Morgue & TPTB
     
  19. REO 54

    REO 54 Midas Member Midas Member

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    Another sale happening.........:D
     
  20. StateofJefferson

    StateofJefferson Silver Member Silver Miner

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    The manipulation especially for the past six months is totally blatant and it is obvious that no regulatory agency will do anything about it because the manipulation comes from the US central bank and Treasury with direction from the highest levels.

    Today is jobs reports day. Time for a slam down.
     
  21. ralleia

    ralleia Silver Member Silver Miner

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    And I'm still waiting for the proceeds from the 401(k) loan. @#$*@&#$* government inefficiency! They can't even acknowledge whether they've received the paperwork! I might have to send it AGAIN and then wait another week to find out if it even got there!
     
  22. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,REO 54,I am SOooooooooo totaly taped out for now -- only cussion left is some green back FRNs for absolute emergencies that I don't count as even being in the equasion.

    I am wondering if there may be somthing very big that we are missing that is happening in the background :hmmmm2: as we are focused on the falling FRN prices of GOLD and SILVER -- somthing that should other wise be obvious. :ahhhhh:

    the DUCK :thumbs_up:
     
  23. Tinbox

    Tinbox YOU GET NOTHING! YOU LOSE, GOOD DAY SIR! Site Supporter Platinum Bling

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    idk if its that big, but dollar is up a lot today, pretty much a surefire guarantee for metals to go down.
     
  24. Lore

    Lore Gold Member Gold Chaser

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    Don't knock it. You may get an extra $100+/oz over the balance of this month. :thumbs_up:
     
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  25. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    Yeah,

    If the dollar holds this 80 number, which it has been having a lot of trouble doing so, it will get hard on us for awhile,

    we get back to the magic fiat train as the election draws near,

    this could get ugly as they are certainly pulling out all the stops, painting pics of clear blue skies ahead
     
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  26. Tinbox

    Tinbox YOU GET NOTHING! YOU LOSE, GOOD DAY SIR! Site Supporter Platinum Bling

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    wow this is the best I've seen metals hold up on such a good day for the dollar (so far anyways). Dollar is up 1.02% (huge amount for currency....)
     
  27. Tinbox

    Tinbox YOU GET NOTHING! YOU LOSE, GOOD DAY SIR! Site Supporter Platinum Bling

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    wow im shocked, dollar decoupling from silver/gold prices???? wowza this is sweeeeeeeeettttttttt
     
  28. Turner-son

    Turner-son Silver Member Silver Miner

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    Well, so much for that...abrupt reversal in just a few minutes. Anyone know what happened?
     
  29. Tinbox

    Tinbox YOU GET NOTHING! YOU LOSE, GOOD DAY SIR! Site Supporter Platinum Bling

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    somebody bought a ****load of metals I think :banana:
     
  30. Lawrence

    Lawrence Silver Member Silver Miner

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    BANG. Wow, I haven't seen it shoot up like that.
     
  31. Gcubed

    Gcubed Banned

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    Panetta spoke of war preps for Iran.
     
  32. REO 54

    REO 54 Midas Member Midas Member

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    Fed starts talkin'...metals start droppin'...:D
     
  33. Goldfarmer

    Goldfarmer Seeker Seeker

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    I like that!

    That could be a bumper sticker!!!!!!

    I'm in the wrong country but anybody that understood the bumper sticker "up-here" would certainly know what my thoughts are!
     
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  34. REO 54

    REO 54 Midas Member Midas Member

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    Gold Bulls Weakest in Two Months as Economy Gains: Commodities.......

    Standard & Poor’s
    Gold had risen as much as 14 percent to $1,792.70 an ounce by Feb. 28 on the Comex in New York, before tumbling 7.8 percent to $1,652.80 by today. This year’s gain of 5.5 percent compares with an 8.9 percent jump in the Standard & Poor’s GSCI gauge of 24 commodities and a 12 percent increase in the MSCI All-Country World Index (MXWD) of equities. Treasuries lost 1.7 percent, a Bank of America Corp. index (MXWD) shows.

    Open interest, or contracts outstanding, in U.S. futures declined to 437,593 on March 14, from 523,284 on Sept. 6, when prices reached a record $1,923.70. Hedge funds and other money managers had a net-long position of 145,997 futures and options by March 6, the fewest since the end of January, CFTC (.MMGCNET) data show.

    That contrasts with investors in gold-backed exchange- traded products, whose combined holdings reached a record 2,410.2 metric tons on March 13 now valued at $128.1 billion, data compiled by Bloomberg show. Prices are rising for a 12th consecutive year and will reach $1,897 by Dec. 31, according to the average of 14 respondents in a survey at the Bloomberg Link Precious Metals Conference in New York on March 13.


    more here...http://www.bloomberg.com/news/2012-...-two-months-as-economy-gains-commodities.html
     
    Last edited: Mar 16, 2012
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  35. Snow

    Snow Seeker Seeker

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    testing at 1550 USD, but I think we'll get 1450, before it's all said and done. Silver in the mid -low twenties,maybe 26 dollars. Sell of the century.
     
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  36. glockngold

    glockngold Gold Member Gold Chaser

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    Went to the junkyard to pick up a light socket for my wife's car for 5 bucks the GM dealer wanted $78.00 for.
    I was so proud of myself for saving us so much money...
    And I passed the coin shop...
    and all I've been buying lately is silver...
    So I bought this just so I can make sure my Fisch is still operating properly. :tee:
    Paid $880.
    He said he's been pretty busy buying. Even with the dip, people can't afford to hold.


    1 Half GAE in Fisch 002.JPG

    Whoops, sorry, just realized this is a thread about paper metal...
     
    Last edited: Mar 16, 2012
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  37. REO 54

    REO 54 Midas Member Midas Member

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    Bought some metal at a LCS today.....premiums here still range from 3 to 5 over spot on ASE's and Maples..I was able to find 2 over for some
    Maples @ another shop and 1 Moose Coin @ premium..45 for the collection...That was tall price but the wifey wanted it.

    I'm in N Seattle area so..........
     
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  38. REO 54

    REO 54 Midas Member Midas Member

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    Bump.....shoppin'time?? Going lower?? :cool05:
     
  39. ralleia

    ralleia Silver Member Silver Miner

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    @#*$&@#$--I bought on the wrong day again (last Friday...) :cry_smile:
     
  40. REO 54

    REO 54 Midas Member Midas Member

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    It's not that much difference is it? Hey at least you bought something worthy!!
     
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