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PM Rally

This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.

Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.
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Re: PM Rally

Postby Jonflyfish » Sun Oct 14, 2012 6:35 pm

fb101 wrote:Thanks for the heads up.
Hmmm..........
Short PM's?
Long dollar?
Both?


Anytime friend. Yes, yes and yes.
Cheers!
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Re: PM Rally

Postby NHsorter » Mon Oct 15, 2012 8:59 pm

I should have listened :(
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Re: PM Rally

Postby fb101 » Mon Oct 22, 2012 7:37 pm

I wonder if there's any hints how this will break?
The story is: The market place is awaiting the latest meeting of the U.S. Federal Reserve’s Federal Open Market Committee, which begins Tuesday and ends Wednesday.
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Re: PM Rally

Postby Jonflyfish » Tue Oct 23, 2012 4:17 am

Jonflyfish wrote:Something tells me that it's a good time to mind your risk as the USD is poised to rally, and rally quite significantly at that.
Cheers!


Hope you were able to mind your risk.
Cheers!
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Re: PM Rally

Postby IdahoCopper » Tue Oct 23, 2012 5:49 am

I guess the good news is that I bought a car with $118 of face when it was near its recent peak; traded for it at $34.59. The car is so fun to drive, I named it "Zippy".

The Mercedes 190D with the 5-cylinder, 2.5 liter turbodiesel engine is fairly overpowered for a small car. Its a bit slow off the line but once the boost kicks in, it's a rocket. They only imported 1400 of this exact type into the USA. 1987 was the only year it was imported. Some people have improved the performance by swapping out the automatic and installing a clutch and a 5-speed. I'll keep the automatic, the swap is too big a project for me.
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Re: PM Rally

Postby goodcents » Tue Oct 23, 2012 8:36 am

Good buying opportunity or a good time to hold.
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Re: PM Rally

Postby IdahoCopper » Tue Oct 23, 2012 8:47 am

It costs about $130 to fill my pickup with diesel. The 190D costs only about $50 to fill. I spent a bit too much for the car, but I've reduced my monthly expense.
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Re: PM Rally

Postby Jonflyfish » Tue Oct 23, 2012 8:50 am

With all respect, if the best one can say after a serious decline in PM value relative to fiat is "good time to buy" then you have lost the greater opportunity in favor of the lazy realtor comment. Up or down, its always a good time to buy. But, those who have skin in the game can't cheer with such cheeky comments unless they've hedged, which not only makes them immune to negative price volatility but also establishes the simple way to compound the growth of their physical stack.

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Re: PM Rally

Postby Jonflyfish » Tue Oct 23, 2012 8:52 am

Or one could go buy a vintage diesel Merc or a shiny new Audi Q7 TDI :-))

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Re: PM Rally

Postby IdahoCopper » Tue Oct 23, 2012 8:54 am

Jonflyfish wrote:With all respect, if the best one can say after a serious decline in PM value relative to fiat is "good time to buy" then you have lost the greater opportunity in favor of the lazy realtor comment. Up or down, its always a good time to buy. But, those who have skin in the game can't cheer with such cheeky comments unless they've hedged, which not only makes them immune to negative price volatility but also establishes the simple way to compound the growth of their physical stack.

Cheers!


Yeah, and sometimes you have to blow the dust off the vault, oil the hinges and use the silver to buy something you need to improve your situation. In this instance the "means of production" was producing better mpg for daily driving..
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Re: PM Rally

Postby Engineer » Wed Oct 24, 2012 4:25 am

Nice spike this morning.

Image
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Re: PM Rally

Postby joemac » Wed Oct 24, 2012 5:13 am

Yet came right back down, I'd like to hear the reasoning behind that.
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Re: PM Rally

Postby slickeast » Wed Oct 24, 2012 5:38 am

joemac wrote:Yet came right back down, I'd like to hear the reasoning behind that.


Someone was a few minutes late to work. Silver was doing what it wanted to do instead of what they wanted it to do
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Re: PM Rally

Postby brian0918 » Wed Oct 24, 2012 6:34 am

joemac wrote:Yet came right back down, I'd like to hear the reasoning behind that.

Someone bought a lot.
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Re: PM Rally

Postby Jonflyfish » Wed Oct 24, 2012 8:37 pm

joemac wrote:Yet came right back down, I'd like to hear the reasoning behind that.


The simplest answer is that what you think you see on the chart never happened.
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Re: PM Rally

Postby fb101 » Thu Oct 25, 2012 8:59 pm

Many times I have looked at the results of my trades wishing that what I saw never happened, but never with a chart before.
:o :( :lol:
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Re: PM Rally

Postby Jonflyfish » Fri Oct 26, 2012 12:37 am

fb101 wrote:Many times I have looked at the results of my trades wishing that what I saw never happened, but never with a chart before.
:o :( :lol:


LOL Nice shot! :clap: :clap: The only difference is that what they saw on the Kitco chart was a data error spike. Trades never printed according to that erroneous Kitco garbage. Garbage In, Garbage Out- GIGO

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Re: PM Rally

Postby brian0918 » Fri Nov 02, 2012 9:53 am

Wow, off a cliff! Gold 1683, Silver 31.16!
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Re: PM Rally

Postby reddirtcoins » Fri Nov 02, 2012 10:38 am

woo-hoo!!!! keep going down!!
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Re: PM Rally

Postby pennypicker » Fri Nov 02, 2012 11:51 am

Come on $30.. :)
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Re: PM Rally

Postby fb101 » Fri Nov 02, 2012 6:09 pm

With all your irrational exuberance, lets hope we do a double bottom and not a slide through the old lows.
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Re: PM Rally

Postby 68Camaro » Fri Nov 02, 2012 6:24 pm

Mind your risk...




Been waiting awhile to say that... ;)
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Re: PM Rally

Postby scyther » Wed Nov 07, 2012 4:33 pm

Wow, it's... not really up today. I was hoping it would soar in the wake of Obama's victory. This is kind of disappointing...
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Re: PM Rally

Postby Chaboo » Wed Nov 07, 2012 4:39 pm

scyther wrote:Wow, it's... not really up today. I was hoping it would soar in the wake of Obama's victory. This is kind of disappointing...

....even up moderately would've been nice. Oh we'll, it's still on sale. ;)
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Re: PM Rally

Postby mbailey1234 » Wed Nov 07, 2012 4:54 pm

I think we got through today pretty good considering how the stock market reacted. But this is coming from a guy who is short the DOW and long SLV. :thumbup:
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