It looks like yesterday when all the metals went down, and all the naysayers said that the bull market in metals was over, were very incorrect. By the way, where is elaine today? I haven't seen anything from her.
Oh my gawd, it is down again Oh another couple of days and it will march back upwards as usual lately:hail:
As long as the dollar loses buying power the prices will go up accordingly. Good news bad news I guess.
I think its all based on profit taking. Price goes up $20, drops $10, up $20, back down $10. All of us "coin talkers" could achieve the same thing. If everyone on this site put $1,000,000 into gold today, the price would shoot skyward. Gold at $1000. 100 of us from here buy 1000 oz's each. Price shoots up $20 during the day. We all sell. Price goes back down. We each make $20,000.......not a bad take! The same thing happens with stocks. I think that this is the scenario we are seeing here. If you like to gamble, you play the game I described above. If you want a sound investment.....hold on for long term growth. It is inevitable. The greatest question of all is.......Who here wants to loan me $1,000,000 for a week or so?
I've been around long enough to know that isn't true. I like gold and silver [and common stocks] a lot, and I think the probability of gain is significantly greater than the probability of loss over the next few years, but nothing is inevitable except death [I won't even put taxes in that category].
well put Cloudsweeper...ask all those people who claimed the stock paradigm was changing with the high tech bubble of the late 90s. bubble burst in 2001, stocks took a tumble. now we have the real estate bubble that has burst...nothing can go up continually if the valuations don't match, eventually the price has to be corrected.
All I know is that I've made out big time the past week on silver junk coins on e-bay!!!! $4+ for quarters, almost $8 for halves. Ha ha. Waiting for the inevitable dip.
It will be interesting to see what happens next. Maybe we'll get the wrongly labeled "inevitable" dip, whatever that means. Markets almost never move in a straight line for long periods of time. Or maybe the sellers of silver will forever kick themselves for letting all of that silver slip from their grasp at such ridiculously low prices. Time will tell.
