Base Metal & Precious Metals Forum
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Posted: Tue Aug 09, 2011 7:31 am
Posted: Tue Aug 09, 2011 7:36 ambeauanderos wrote:It's not starting out good, gold may hold some of it's gains... but (pre-market) silver looks like it will be caught in a widespread equities downdraft, if one occurs. Oh well, we're still better off than most... and when we emerge from this present distress, we'll be smiling wide with shit-eating grins
Posted: Tue Aug 09, 2011 7:46 amPosted: Tue Aug 09, 2011 7:49 amTXBullion wrote:beauanderos wrote:It's not starting out good, gold may hold some of it's gains... but (pre-market) silver looks like it will be caught in a widespread equities downdraft, if one occurs. Oh well, we're still better off than most... and when we emerge from this present distress, we'll be smiling wide with shit-eating grins
Very descriptive
Posted: Tue Aug 09, 2011 7:51 amRodebaugh wrote:So which way are equities heading........setting on the sidelines is no fun.
I think we are in for another down day. What can the federal reserve meeting change.....investor sentiment?
Posted: Tue Aug 09, 2011 7:53 amPosted: Tue Aug 09, 2011 8:01 amPosted: Tue Aug 09, 2011 8:15 ambeauanderos wrote:Rodebaugh wrote:So which way are equities heading........setting on the sidelines is no fun.
I think we are in for another down day. What can the federal reserve meeting change.....investor sentiment?
Dude... sitting on the sidelines is SAFE! This is no time to be daring and attempt to catch falling knives. Wait until the dust clears. Or, maybe... you DON'T prefer to sleep well at night? Keep some cash in reserve right now, there will be bargains galore when this is done.
Posted: Tue Aug 09, 2011 8:25 amPosted: Tue Aug 09, 2011 8:42 amPosted: Tue Aug 09, 2011 8:54 amRodebaugh wrote:couldn't help myself............... 100 SDS at 27.06 @ open.
Posted: Tue Aug 09, 2011 9:24 ambeauanderos wrote:Rodebaugh wrote:So which way are equities heading........setting on the sidelines is no fun.
I think we are in for another down day. What can the federal reserve meeting change.....investor sentiment?
Dude... sitting on the sidelines is SAFE! This is no time to be daring and attempt to catch falling knives. Wait until the dust clears. Or, maybe... you DON'T prefer to sleep well at night? Keep some cash in reserve right now, there will be bargains galore when this is done.
Posted: Tue Aug 09, 2011 10:21 amTXBullion wrote:beauanderos wrote:It's not starting out good, gold may hold some of it's gains... but (pre-market) silver looks like it will be caught in a widespread equities downdraft, if one occurs. Oh well, we're still better off than most... and when we emerge from this present distress, we'll be smiling wide with shit-eating grins
Very descriptive
Posted: Tue Aug 09, 2011 10:32 amPosted: Tue Aug 09, 2011 11:02 amMossy wrote:I never expected silver to act like an industrial metal.
Posted: Tue Aug 09, 2011 1:14 pm68Camaro wrote:Mossy wrote:I never expected silver to act like an industrial metal.
I don't see that it is. It doesn't fall into the safe haven category like gold, but it's not fully an industrial metal either. It is at essentially the same price it was 3 weeks ago, and again last week after it was shorted. It is fluctuating for several reasons, but (again) - most of this controlled pricing appears to be due to market manipulation by the naked shorts.
Posted: Tue Aug 09, 2011 2:54 pmMossy wrote:(Pardon me if I cringe at "manipulate" and "naked shorts".)
Get your mind out of the gutter... 
Posted: Tue Aug 09, 2011 4:23 pm68Camaro wrote:Mossy wrote:(Pardon me if I cringe at "manipulate" and "naked shorts".)