Next step silver - over $20.00

Still a little stagnant, nice little recovery at the end of the week, still thinking it will drop a bit? I think it will drop back into the 16's. Just a hunch.

 

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Probably, who knows, I've decided come next week I am going to sell some of my silver....I haven't seen it this high since Xmas time.

Could it get higher? Sure, can it dip too? Why not.....

 

All that I ask for, to be fair are those, (I'm referring to youtube folks and NIA) when Silver dips, I want you to speak about that as well. I want you to talk about today's current turmoil and analyze why silver is dipping.

I don't want to hear you come out only when silver goes up and tell me to buy silver with the same speech over and over again....then yoi go into hiding when it dips...

 

Absolutely! That's the thing that irks me about the commentators who float through but aren't here for the discussion regularly. They're obviously aware and following the market or at least the media reporting the market.

 

It's one of the reasons why I actually UNSUBSCRIBED to NIA. It's hard to find out any info about these guys. I want to know if any of them are actually economists. The only email they provide is for newsletter info, I had to do some clever work to track down their actual email addresses.

I've tried many different ways to get a response and they never respond and if you want to build up a following, you must respond to people who have valid questions for you....

Since they chose not to respond, I chose to unsubscribe....


I'm still going back and forth on the silver thing. Yesterday I completely told myself to sell some come Monday, now I'm not sure....I feel like a woman! So indecisive!

 

LOL! You can ask Elaine what she would do...

I think it's very telling about NIA that they do not respond and make contact as difficult as they do for readers. You took the best course of action, read/watched all the information they disperse, evaluated it, tried to ask questions and understand who they are for their point of view and when you found it was a one sided conversation severed that false relationship. I'm sure that by now you are much more informed than are they and have learned well that only you know when it's right to buy, hold or sell. :thumb:

 

Absolutely. It wasn't like I sent them one email and got no response, I sent numerous and they were not paragraphs but just little questions I had. (usually small emails get responded to)

I love to have a debate and get different points of views whether it's economics, programming, politics....

 

Silver: Trade of the Year Seeking Alpha, 4.9.2010

 

Interesting read. Did you also read the comments? I always like to read what people say. He responds to most of the comments which as you know from what I just said, I appreciate. I hate authors who post blogs and never respond to comments....augh...


I don't know where I stand on buying paper certificates. I already own some physical PM's...

So the question is, should I balance with some ETF's as well? Or just continue buying and holding actual physical PM's....

There will be those that praise holding nothing but physical....and I can understand that point....

 

You know, I actually didn't read the comments before posting this thread. I read the article twice, once a couple days ago and again this morning in deciding to share the link. I will go back to that for the comments. I would wager even greater caution with paper PMs, but I think it's fair to have a position in them. I have some SLV and also a mutual fund in gold, which is not comprised of PMs only, but mine stocks, PMs etc. I understand the caution that the physical only crowd raises. They are right but I also like the risk / reward opportunity in paper so I felt it was worth the experiment to get some in my personal portfolio.

 

If I had to have any money in anything paper, I'd probably go with PM's. I've had money in other companies and they were all losing bets for me.

One thing that I have not touched is investing in oil. I don't even know how to begin investing in this. Do you just simply buy exxon stock? Is it that simple?

 

If you're of a conservative stance, other than by choosing only physical PMs or entrusting potentially volatile and risky ETFs, then you might look into inflation protected bond funds. They certainly take a position against inflation like PMs are used as a hedge against it. They may offer you more liquidity if that's something you seek. Like any other fund, they generally take a bit more cash required to start up but with the prices of PMs, is that really that different anymore? Is it more risky to only invest in physical and not the diversity of bond funds or some appropriate mix of stocks, cash, bonds per the individuals personal goals? They're also rather less fussy to deal with than physical PMs in terms of storage and monitoring for performance. Just something else to think about without feeling pigeonholed into PMs only.

 

I will say that I like his line of thinking, but chances of me buying PM's on paper only are slim and none...and I already killed slim for divulging a secret....

 

silver high in foreign land - $18.79/oz.
gold high - $1,184.40/oz.

 

since dec 31, 2009:

palladium up 39.2%
platinum up 18.8%
silver up 10.2%
gold up 8.7%

 

Currently: In UK/EU Markets...

GOLD @ $1,183.10/oz.
Silver @ $18.72/oz.
Platinum @ $1,746/oz.
Palladium @ $552/oz.

US Markets open in about 20 mintues...

 

Currently: At the US market open...

GOLD @ $1,182.50/oz.
Silver @ $18.70/oz.
Platinum @ $1,747/oz.
Palladium @ $553/oz.

 

Currently:

GOLD @ $1,184.40/oz. High so far $1,184.80
Silver @ $18.80/oz. High so far $18.82
Platinum @ $1,747/oz.
Palladium @ $551/oz.

 

Currently:

GOLD @ $1,185.00/oz. High so far $1,185.10
Silver @ $18.80/oz. High so far $18.82
Platinum @ $1,745/oz.
Palladium @ $551/oz.

 

Silver at $18.80? I don't even know what to say.....