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Metals Down! [sale]

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



  1. Ahillock

    Ahillock A nobody Mother Lode

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    Not sure how long this metals down sale will last, but I wouldn't mind if we can hit the $1200s again in the early part of April. I know those of us on here with eBay bucks coming live then would appreciate it.
     
  2. REO 54

    REO 54 Midas Member Midas Member

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    I thought you couldn't buy bullion with eBay bucks. Hmmmm have to look back into that. Haven't shopped there in a long while
     
  3. Ahillock

    Ahillock A nobody Mother Lode

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    You are correct, no bullion. But there is usually a bit of gold listed under 'coins' that qualify for eBay bucks.
     
  4. jelly

    jelly Seeker Seeker

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    unfortunately it is so.
    Now the question is, how far down does she go?
     
  5. Ahillock

    Ahillock A nobody Mother Lode

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    Getting close to breaking into the $1290s.
     
  6. Ahillock

    Ahillock A nobody Mother Lode

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    Broke under $1300.
     
  7. southfork

    southfork Mother Lode Found Mother Lode

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    Got an email from Gainesville coins earlier, they had 10 oz generic bars .49 over, an hour later they were sold out. No demand shortage that's certain.
     
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  8. Ahillock

    Ahillock A nobody Mother Lode

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    Back below $1280.
     
  9. jelly

    jelly Seeker Seeker

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    This move down has been awfully long. I would expect at minimum to see a bounce soon.
     
  10. Thecrensh

    Thecrensh Gold Member Gold Chaser

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    I don't mind seeing PMs go down for now...as long as they come back up when I'm ready to use them. ; )
     
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  11. REO 54

    REO 54 Midas Member Midas Member

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    Why Gold Is Falling & A Gold Forecast You May Not Like
    Chris Vermeulen

    The bitter truth about what may happen to gold is not all that exciting and likely don't want to know, but you need to understand what is unfolding as we speak…

    Long story short, the prices of bonds look as though they are about to rally once again. Mounting fears of a stock market correction has money flowing into bonds which in turn will drive interest yields lower yet gain. But the BIG PICTURE of what he FED said the other week about how they plan to raise rates in 2015 and cut QE down to $55 billion per month hurts the long term outlook for gold.

    This news may not sound that important, it actually is and undermines the price of miners, silver and gold in a big way.

    Find out why gold is falling and the threat that could trigger a much larger meltdown in the long run with my gold forecast video.

    Video at link:

    http://www.silverbearcafe.com/private/03.14/falling.html
     
  12. Ahillock

    Ahillock A nobody Mother Lode

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    You are welcome guys. Made a couple purchases this weekend before the markets opened. It is my fault for the price drop.
     
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  13. hoarder

    hoarder Banned

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    What is making the metals fall? .....paper.... the fundamentals haven't changed.
     
  14. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    Thanks cause I'm meeting a guy tomorrow who is selling me a couple rolls of ASE's for $1 over spot and Gold maple for spot.
     
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  15. REO 54

    REO 54 Midas Member Midas Member

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    I still think things are oh hum range bound at the moment ........tick tock ....tick tock.......
     
  16. Ahillock

    Ahillock A nobody Mother Lode

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    Yup, we have been bouncing around this range of 1280-1320s for some time.
     
  17. jelly

    jelly Seeker Seeker

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    I'll take rangebound for a few weeks in place of going down. There isn't much downside left in silver before we get to the "whole lot of downside left" point of no return. (breaking the lows)
     
  18. Tinbox

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

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    Just curious, how do you know this for sure? What's to stop someone/a group from buying like a madman at $17.xx for example and making that the bottom?
     
  19. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    Well I got the 40 ASE's but the maple stayed behind. Now if silver drops it will be my fault, eh.
     
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  20. Ahillock

    Ahillock A nobody Mother Lode

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    Down Tuesdays.

    Gold Tumbles To 2-Month Lows... Because It's Tuesday

    Gold is down 6 days in a row and has broken back down to its lowest since mid-February (under its 200DMA once again).

    [​IMG]

    As it seems someone wanted out in a hurry as Europe closed...

    The reason... aside from growth stocks are rallying which must mean the economy is fixed and therefore no need for the world's central banks to print any more money (oh wait apart from the BoJ and ECB)... is unclear... though we suspect the driver is to do with the following crucial chart...

    [​IMG]

    Of course, gold is still the winner in 2014 (for now)...

    [​IMG]

    http://www.zerohedge.com/news/2014-04-22/gold-tumbles-2-month-lows-because-its-tuesday
     
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  21. REO 54

    REO 54 Midas Member Midas Member

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    I dunno, watching the charts lately is like watching paint dry. I'm ready for the other shoe to drop. And yes be careful what you ask for......
     
  22. Ahillock

    Ahillock A nobody Mother Lode

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    Guess someone with zero fiduciary sense dumped hundreds of contracts at the same time to drive the price down, guaranteeing they got the lowest price they possibly could. The manipulation continues. Russia vs. NATO is on the brink of war. China's economy is falling apart faster than you can say Jenga. BOA all of a sudden realized this lost billions of dollars. Stawks are at an all time high and the taper continues, as well as the traditional metals smack down in light of the world being set on fire. All is well everyone. No need for that ancient relic.
     
  23. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,Ahillock,When it rains it pores and then just rains more!:idea::thumbs_up::cheerful:

    It is what causes GOLD to float once it breaks free.:thumbs_up::yes:

    Your economic arc is made of SILVER and GOLD and no one can or will build it for you --- each must build there own or DROUND!:yes::36_1_25::vollkommenauf:

    This time there will be no bond fires as every thing has gone digital and digits in a computer don't actualy burn --- they just poof out of exixtence --- much the same way they came in to existence come to think of it.:hmmmm2::yes:

    the DUCK :15_1_70v:
     
  24. REO 54

    REO 54 Midas Member Midas Member

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    Hey look,it's $19.47 AGAIN! wow this ticker is on it.
     
  25. Ahillock

    Ahillock A nobody Mother Lode

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    $20 smack down from Sunday night/Monday morning. Guess TPTB still can't allow the price of gold rise.
     
  26. REO 54

    REO 54 Midas Member Midas Member

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    Yeah and the DJ above 17 hundred!? Cartoon market world..........Pffffffffft.
     
  27. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,It does NOT matter what the price in dollars is at this point :36_1_30::452: they are just a projected illusion.:thumbs_up:

    The ounces of GOLD and SILVER will be all that matters when the credit/music stops!:musical_note::thumbs_down::cry_smile:

    If you don't have any:ahhhhh: the game is over for you!:vollkommenauf::goodnight:

    the DUCK :15_1_70v:
     
  28. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    On what history do you base that thought? I'm more of the thinking if you can't provide food, water and shelter that there will be a problem. If 99% of the world doesn't believe in gold they will still believe in the other three. In fact an old worn gear for a potato planter that will still work will be worth more than PM's to me.
     
  29. Ahillock

    Ahillock A nobody Mother Lode

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    Gold Slumps Most In 2014 As "Someone" Dumps $1.37 Billion In Futures At US Open
    UPDATE: Gold is down 2.5% - the biggest daily drop since early Dec 2013

    [​IMG]

    And this is how it happened... looks like fiduciary dutry just got F**ked...



    [​IMG]

    That US open print was a $1.37 billion notional flush...



    In a status-quo reinforcing smackdown, gold and silver prices have been clubbed lower this morning to one-month lows with the biggest drop in almost 2 months. The customary USDJPY surge (and risk asset spike) has accompanied this high volume dump just to make sure everyone believes that BES is fixed, Ukraine is fioxed, Iraq is fixed, earnings are great, and the water is warm....

    [​IMG]

    http://www.zerohedge.com/news/2014-07-14/gold-silver-plunge-most-2-months
     
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  30. Ahillock

    Ahillock A nobody Mother Lode

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    I agree. Food, water, guns, ammo, shelter will be the most important for everyday survival. But gold and silver will help see your wealth to the other side for whatever is on the other side/reset.
     
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  31. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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    QWAK,pitw,GOLD and SILVER will be REAL MONEY agen soon --- you use MONEY to buy food and all the other things you want and need and the GOLD and SILVER is portable and 100% for shure there will be people who want it!:idea::yes::2:

    Now your old potato planter may be a wonderfull functioning antique :23_28_100s: but with out the proper soil and location:thumbs_down: it is just another piece of junk that no one realy wanted.:thumbs_down::signs14:

    Best would be an assortment of things that will likely become needed in a world ware the global banking system failed.:idea::thumbs_up:

    Off the top are basics --- water filters --- food ,freeze dried and even caned tuna :thumbs_up: --- tents and sleeping bags -- heavy tarps and yes guns and ammunition.

    Even with some of all of the above there will be no garantees of survival because the millions of unprepared will become ZOMBIES trying to get what you got and they may :dontknow: even try to eat you if they have been with out food long enough.:ahhhhh::eating:

    It depends a lot on how long it takes to RESET and start up some kind of functioning system for exchanging goods and services,could be months could be years BUT REAL GOLD and SILVER will be a part of what ever system does start going. 6000+ years of human history says that GOLD and SILVER have always been and will always be of high value to people!:thumbs_up::yes:

    the DUCK :15_1_70v:
     
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  32. luckabuck

    luckabuck Gold Member Gold Chaser

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    Must have been Scorpio dumping his stack that caused the market to fall.
     
  33. Deweydog

    Deweydog Seeker Seeker

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    I am surprised that after years of this charade of manipulation,major bullion dealers just raise their sell prices 2 or 3 percent to compensate when there is obvious manipulation. The smaller bullion dealers can not play the yo-yo and make an honest living.

    The manipulation is so painfully obvious.....a billion plus sell paper Monday first thing.....Baloney....
     
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  34. luckabuck

    luckabuck Gold Member Gold Chaser

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    I played with yo-yo's when I was young. This crap is getting old! Getting whiplash from all the up and down.
     
  35. Ahillock

    Ahillock A nobody Mother Lode

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    At this point, does any of this matter? It is all a sham. It is all make believe. There are no rules. Market forces are all based on manipulation and rigging.
     
  36. SilverCity

    SilverCity Gold Member Gold Chaser

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    I thought this date was end-of-contract, so probably big holders liquidating paper positions. I am looking for tomorrow's market activity as the begining of major upmoves in the silver market through the end of the year as per V and W. They called this about a month ago. We shall see.

    SC
     
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  37. Ebie

    Ebie Midas Member Midas Member

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    Prediction:
    1180 was the bottom.
    This time it will not dip below 1240.
     
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  38. pitw

    pitw Gold Member Gold Chaser Site Supporter

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    I added to the stack at noon today so I hear you guys loud and clear. I wouldn't stack first and find food/shelter second though.
     
  39. Ahillock

    Ahillock A nobody Mother Lode

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    So what happened. Did APMEX not get the memo on the price slam as they didn't run any super specials from what I can tell.
     
  40. GOLD DUCK

    GOLD DUCK Mother Lode Found Mother Lode

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