SoFa wrote:As the gov't handouts are drying up, factory orders and jobs growth are coming under pressure.
The governments ability and most importantly DESIRE to hand out more money seems unlimited.
That doesn't create jobs, that fills pockets.
SoFa wrote:As the gov't handouts are drying up, factory orders and jobs growth are coming under pressure.
Jonflyfish wrote:I write this with some hesitation due to the potential consequences of posting this here but I would be remiss for not doing so...
Perhaps I'll be 100% wrong but it looks increasingly more likely that over the coming months we will even break below $20 and get near $15 for silver. Gold could be seen @ $700-1000.
I know people will blast me for this. That's alright. I understand. There are many who will be 100% certain that this won't happen because that is what they want to believe. Perhaps the greatest level of caution should be reserved for them. The market will be the ultimate arbiter, not the latest and/or next "Buy NOW!" article written by a promoter or pusher from xyzGoldAndSilver.com
Cheers!
Jonflyfish wrote:I write this with some hesitation due to the potential consequences of posting this here but I would be remiss for not doing so...
Perhaps I'll be 100% wrong but it looks increasingly more likely that over the coming months we will even break below $20 and get near $15 for silver. Gold could be seen @ $700-1000.
I know people will blast me for this. That's alright. I understand. There are many who will be 100% certain that this won't happen because that is what they want to believe. Perhaps the greatest level of caution should be reserved for them. The market will be the ultimate arbiter, not the latest and/or next "Buy NOW!" article written by a promoter or pusher from xyzGoldAndSilver.com
Cheers!
Jonflyfish wrote:I write this with some hesitation due to the potential consequences of posting this here but I would be remiss for not doing so...
Perhaps I'll be 100% wrong but it looks increasingly more likely that over the coming months we will even break below $20 and get near $15 for silver. Gold could be seen @ $700-1000.
I know people will blast me for this. That's alright. I understand. There are many who will be 100% certain that this won't happen because that is what they want to believe. Perhaps the greatest level of caution should be reserved for them. The market will be the ultimate arbiter, not the latest and/or next "Buy NOW!" article written by a promoter or pusher from xyzGoldAndSilver.com
Cheers!
Jonflyfish wrote:I write this with some hesitation due to the potential consequences of posting this here but I would be remiss for not doing so...
Perhaps I'll be 100% wrong but it looks increasingly more likely that over the coming months we will even break below $20 and get near $15 for silver. Gold could be seen @ $700-1000.
I know people will blast me for this. That's alright. I understand. There are many who will be 100% certain that this won't happen because that is what they want to believe. Perhaps the greatest level of caution should be reserved for them. The market will be the ultimate arbiter, not the latest and/or next "Buy NOW!" article written by a promoter or pusher from xyzGoldAndSilver.com
Cheers!
Jonflyfish wrote:I write this with some hesitation due to the potential consequences of posting this here but I would be remiss for not doing so...
Perhaps I'll be 100% wrong but it looks increasingly more likely that over the coming months we will even break below $20 and get near $15 for silver. Gold could be seen @ $700-1000.
I know people will blast me for this. That's alright. I understand. There are many who will be 100% certain that this won't happen because that is what they want to believe. Perhaps the greatest level of caution should be reserved for them. The market will be the ultimate arbiter, not the latest and/or next "Buy NOW!" article written by a promoter or pusher from xyzGoldAndSilver.com
Cheers!
everything wrote:Gfriend gave me this tip a few weeks ago. But, she got it from some CPA banker types, who told her PM prices are going to be taking another hit yet. Something to do with rates going up in 2014, debt overhang is going to become more of a substantial problem (of some kind), as if we did not already know. Hard to believe about the dollar strength, should help mask inflation some.
theo wrote:I appreciate your opinion, but nothing short of a market collapse accompanied by a serious liquidity crisis and significant demand destruction will bring silver lower than $26. This, of course, is possible but I don't see it happening during an election year.
neilgin1 wrote:all i got to say, is try bidding for quality rolls in todays physical market.
sometimes you have to slash and burn, but this year i try and finese it a bit...not all of us have senile elderly farmers with massive jars of quarters to predate on....(hahhhahhah....i couldnt resist Cu...i'm just breaking your balls!! hahhhah)
but its a hard market to bid in....thats all i know. i was watching a roll of 41 wash's gem/bu, thinking how to get in, and they trade at 36 times face.....couldn't pull the pin and amp it up to 37, or 38 times.
NHsorter wrote:Hi everyone, I'm kinda slow. Could you someone please clarify what JFF is saying in the last post? I think that he is predicting continued short term weakness for gold. But I am not polished up on my trader lingo and I guess that I am easily confused. TIA
OneBiteAtATime wrote:NHsorter wrote:Hi everyone, I'm kinda slow. Could you someone please clarify what JFF is saying in the last post? I think that he is predicting continued short term weakness for gold. But I am not polished up on my trader lingo and I guess that I am easily confused. TIA
Lol. I just googled lifting hedges and I'm more confused now than when I started.
OneBiteAtATime wrote:NHsorter wrote:Hi everyone, I'm kinda slow. Could you someone please clarify what JFF is saying in the last post? I think that he is predicting continued short term weakness for gold. But I am not polished up on my trader lingo and I guess that I am easily confused. TIA
Lol. I just googled lifting hedges and I'm more confused now than when I started.
SoFa wrote:My own opinion is silver is going down at least another 1-2 dollars/oz. It will fill the gaps below.
Jonflyfish wrote:Lift or roll forward hedges at your leisure.
Cheers!
NHsorter wrote:OneBiteAtATime wrote:NHsorter wrote:Hi everyone, I'm kinda slow. Could you someone please clarify what JFF is saying in the last post? I think that he is predicting continued short term weakness for gold. But I am not polished up on my trader lingo and I guess that I am easily confused. TIA
Lol. I just googled lifting hedges and I'm more confused now than when I started.
Same problem here. I thought I knew what he meant, but I was not 100% sure so I goggled it and now I am even more confused. Since you could hedge in either direction, lifting your hedge could be something that you would do to protect against a drop or a rise. I think. I assume in this case, JFF assumes that this audience is all long, so he is trying to instruct us to sell out gold futures contracts.
I had been playing with NUGT for a while. Kept trying to catch the falling knife. Jumped out a few times and then back in on dips, only to see it drop further. Finally a few days back I switched to DUST. So the last couple days have been good to me. BUT not even close to recovering the beating that I have taken with NUGT. Back to where I was about 6 mos. ago.
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