Realcent.org

PM's are taking a hit today. Time to buy?

Not yet (for me).

Waiting a little longer.

oh.... never mind, looks as though $34 will get blown right through. HMMM.

Hmmm, whos selling? Anyone?

Japan's market is down big overnight. Money flowith from commodities to thy dollar.

Rodebaugh wrote:Japan's market is down big overnight. Money flowith from commodities to thy dollar.

My my, the dollar is still considered safe...lol. Now is the time to convert some of those FRN's to AG.

Yeah I am heading to APMEX now. See what I can find.

Total liquidation day - panic!! Looking to buy on the cheap.

Just saw that Rule 48 has been invoked on the stock market open today. Basically it allows them not to report the opening movement in order to stop panic selling. This is going to be an interesting day. Wouldnt be supprised to see AG go back green by this afternoon.

I guess that because I am such an old guy AG still doesn't feel "cheap" at $34.17.

This isn't a pull back in silver/gold it is, as was mentioned earlier your typical panic selling that follows most nuclear blasts!

I'm buying today, for sure! In fact, I'm going long on an option spread since the volatility index just doubled over night.

*waiting for the US to give out billions in aid to Japan so everything can go back to normal*

volatility is high, markets are in a rout, portfolios are being rebalanced. If you are nimble and trading liquid markets, then you might get lucky here and there. But, the sidelines is where I like to watch the action unfold... ready to get in the game when my personal opportunity is maximized.

I'm just getting rid of some stuff to get something else to mess around with in the future.

If you sell when its tanking you missed the boat. When it hit 35 was the sell time, hindsight is 20-20. Could not have predicted this either.

Just imagine when an earth quake hit us, that silver will fall like a rock. Maybe it anit so imprevious to shtf as people think.
Not saying it would not come back with time, but when you need it most it might fail you. Dollars spend, silver sits

Beware the Ides of March!

whatsnext wrote:I'm just getting rid of some stuff to get something else to mess around with in the future.

If you sell when its tanking you missed the boat. When it hit 35 was the sell time, hindsight is 20-20. Could not have predicted this either.

Just imagine when an earth quake hit us, that silver will fall like a rock. Maybe it anit so imprevious to shtf as people think.
Not saying it would not come back with time, but when you need it most it might fail you. Dollars spend, silver sits

I think we are still in the old pardiegm where the Dollar acts as a safe haven. But just because people percieve the Dollar as a store of wealth, does not make it so. I wonder how easy it is to get physical silver and gold in Japan right now.

PMs and other hard assets are tanking because of a lack of demand from Asia, along with general panic selling. But remember that Japan is the third largest holder of our debt. I doubt they will be buying our bonds in the near future. In fact they might be selling U.S. Debt. This could easily contribute to a bond crisis later this year.

I'm interested in seeing how many days silver dips, this is a real unmanipulated market interaction. Lets see how strong silver stands to this and learn.
The correction lots of people have been barking about should happen with help like this. If not the market could be seen as strong and take off.

Will 35 hold? a week from now will 35 still be a simi-norm?

i think you mean will 34 hold.

the real test will be whether they try to take it down after hours when volume is light.

I think JPMorgan used their Earthquake machine to create a chain reaction in the market price of silver to get it to drop, so that their losses are not too high tomorrow when the contracts expire.
(Not trying to make lite of the devastation in Japan. Just the Conspiracy Theorists.)

jtlee321 wrote:I think JPMorgan used their Earthquake machine to create a chain reaction in the market price of silver to get it to drop, so that their losses are not too high tomorrow when the contracts expire.
(Not trying to make lite of the devastation in Japan. Just the Conspiracy Theorists.)

So this does away with my no manipulation activity reaction. Good point though this is an easy time to manipulate.
Now looking lemon thrower said the same thing too.

here is a 5-year statistical analysis of the price movement at different times of the day in gold. its not 100% reliable but it gives you some ideas about when to time your buys.