Page 1 of 1

Opportunity is coming to the door

PostPosted: Fri Aug 05, 2011 8:41 am
by Market Harmony
misteroman wrote:40 buffalo rounds
12 oz dale earnhardt coin
4 oz 2008 ase coin
4 misc rounds
looking for 41.50/oz total. spot is like 41.43 as I typed this $2500 shipped a steal!!!!!!!!!!
Derek


at about 10:30 byro sent the PM, and then Ray chimed in:

beauanderos wrote:
byro007 wrote:pm sent

Ouch!


I did it too... I spent 4500+ talking on my cell phone on the golf course at about 9:30 Thurs morning... by the time I got back to lock in the purchase on my side, the price had taken a dive from $42.04 where I bought, to $38.75 where I nearly puked. The stock portfolio took its hits too, but the covered calls I wrote last week are all going to pay off for me. The actual positions have lost a fair amount, however.

Had I panicked, and sold, then those losses would be locked in. But, what about a week/month/year from now? I suspect that what we are seeing right now is going to be a buying opportunity.

I'm not calling a bottom, I'm not saying we are going to bounce and reverse just as fast as we got here, but I do think that there are current bargains, and developing bargains out there. This opportunity will only last as long as people are scared... once they are back to normal, then it's too late.

Get out there and find some bargains. Buckle down and do some research this weekend. It's your life. TAKE IT BY THE THROAT

Re: Opportunity is coming to the door

PostPosted: Fri Aug 05, 2011 9:44 am
by Market Harmony
If, big IF, the market collapses even more, and gold and silver maintain levels, then expect people to flock to the safe haven of gold and silver.

Instability in one market combined with stability in another will cause money to flow away from instability and into safety. Unfortunately, this transfer brings in other parties which will cause volatility to increase during and after the transition. The overall direction will be higher, but the peaks and troughs more violent