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Post by kbk3ck on Nov 9, 2010 20:53:29 GMT -5
Shit. Im going back and forth with several dif venues. Give me a second here.
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Post by kbk3ck on Nov 9, 2010 20:56:18 GMT -5
I hear ya Bros. I need to be more helpful and less selfish. Ok, short term, "Please everybody set your stopps!!!" PLEASE PLEASE!!!! Dont get taken down!!! No Bull Fecal!!!
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Post by kbk3ck on Nov 9, 2010 21:09:34 GMT -5
I know all yall are scared out there. But dont worry about me and my bad advice. Just laugh at mw and with me!!
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Post by walnut on Nov 9, 2010 21:34:18 GMT -5
Silver is almost back to par again, nothing to see here folks...
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Post by birthmark on Nov 9, 2010 21:36:59 GMT -5
...full of sound and fury, signifying nothing...
Next week medals will be higher than where they are now. Yes even at these levels.
PS-- Check out the price of palladium.
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Nov 9, 2010 21:53:25 GMT -5
Really hard to say...
I bought lots of physical silver (quite a few 100oz bars) last year around $12 and sold around $18 (thought I made a killing). Little did I think it would run like it has. Been waiting for a meaningful pull back before I dip my toe in the water again. I think the cost to produce an ounce of silver currently sits around $5 - $6 and oz. This smells like a bubble to me, but who knows. I think the run on Gold and Silver has coincided with everyone predicting the demise of the dollar... but I think the question that everyone needs to evaluate is… what happens if the dollar doesn't become worthless... are there then bubbles in Gold, Silver, and Stocks? Again… really hard to say…
Best of luck,
sowolf-
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Post by birthmark on Nov 9, 2010 22:15:10 GMT -5
* should be metals (with a t) in my last post. Yeah sowolf, at the end of the day, who really knows about any of this. At best we make educated guesses (with fingers crossed).
Still think metals are higher next week. Bubble or not. GL
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Post by brosin on Nov 10, 2010 0:22:58 GMT -5
So in 5 months, we've gone from serious talk of EUR/USD parity (I just went back through old threads and saw a lot of talk of "easy money" being short the Euro) Jobs numbers and real estate sales figures are irrelevant. Everyone knows, or should know, that these numbers are easily massaged and manipulated, subject to revisions, etc. The equity markets are global, and they mostly rise and fall together. It's all about the currency markets right now. The Euro will eventually resume its slide to a level at or below parity with the U.S. dollar, but a short-to-intermediate reversal must be expected when bearish sentiment has reached the extreme level of 98%. I highly challenge the notion that the Euro will reach parity with the USD in any short time frame. The Dollar has it's own problems. I've heard this too much lately. To saying that shorting the dollar / buying stocks and PMs is easy money. My guess is that reality will fall somewhere in the middle
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Post by clemsontygr on Nov 10, 2010 10:45:21 GMT -5
So in 5 months, we've gone from serious talk of EUR/USD parity (I just went back through old threads and saw a lot of talk of "easy money" being short the Euro) I highly challenge the notion that the Euro will reach parity with the USD in any short time frame. The Dollar has it's own problems. I've heard this too much lately. To saying that shorting the dollar / buying stocks and PMs is easy money. My guess is that reality will fall somewhere in the middle Can you Name me ONE FIAT currency that has lasted more than 100 years ? .... Just one .... I'll wait to hear back from you while your researching. (Hint: Federal Reserve Act Dec. 23, 1913)
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Post by brosin on Nov 10, 2010 10:51:48 GMT -5
Clem, you are the king of hitting me with a curveball - not this time though. The world is such a different place in just the past 20-30 years, especially from a monetary standpoint. Since the Reagan days, the US is convinced that the way to solve all its problems is to inflate our way out. So while I concede your point, I don't think it matters. Housing was never supposed to go down, stocks were never supposed to go down, oil was never supposed to go down, treasuries are never supposed to go down, gold is never supposed to go down.So I answer your question with another question - Can you name me one asset class that was assumed to be secular that did not turn out to be a bubble that at some point pops?
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Post by maxi on Nov 10, 2010 11:53:27 GMT -5
So in 5 months, we've gone from serious talk of EUR/USD parity (I just went back through old threads and saw a lot of talk of "easy money" being short the Euro) I highly challenge the notion that the Euro will reach parity with the USD in any short time frame. The Dollar has it's own problems. I've heard this too much lately. To saying that shorting the dollar / buying stocks and PMs is easy money. My guess is that reality will fall somewhere in the middle Hey don't quote me! LOL I am a total dummy on this stuff! i know nothing! Oh and you were right...
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Post by brosin on Nov 10, 2010 11:58:31 GMT -5
LOL maxi i actually thought I had sent you a PM saying "don't take offense of the quote I grabbed," it was just coincidental as I had quoted you in that post I had made that I wanted to bring back up. Looks like I never sent that PM though! oops No but you were not even CLOSE to the only one talking about euro- dollar parity - if you search site for the last 200 days for the word "parity," you'll see what I mean!
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