2011 GOLD high $1,500.00, SILVER high $24.00

Currently, at the US market open for Tuesday, 11/09/2010:

Gold: $1,411.20
Silver: $27.78
Platinum: $1,777
Palladium: $714
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Sounds good to me.....wouldn't mind seeing a dip under $1400 for a little while.....

It seems there will always be people waiting for pull backs no matter the price doesn't it? I can probably guess that if/when gold hits $2,000. Someone will make a post that if it will just go back to $1900 they will be ready to buy. LOL......

 

The question now is if there are Hunt brother type groups out there that are pushing the prices up like this? Or is this just a mass buying by a individuals and it is naturally occurring....hard to say.....

 

Man, I am torn. Been selling while it's rising a bit at a time. Wish I had waited of course, but really enjoy participating in this exciting market. I mean that it makes a lot more sense to me to actually be involved in trading it right now. It's almost as much fun as holding the dice on a craps table.

I think anyone who is a casual investor should take a good look at how much they are willing to risk right now. But the anticipated crash may never come. Or when it does, it may not crash that far ?

But as many have pointed out, it isn't for the faint hearted. lol I mean it appears really risky right now. Anything I am going do is a token effort.

 

Currently, in the US market for Tuesday, 11/09/2010:

Gold: $1,407.70 -- Low $1,397.90, High $1,425.50
Silver: $28.12-- Low $27.59, High $29.38
Platinum: $1,793 -- Low $1,771, High $1,813
Palladium: $724 -- Low $707, High $747

PMs had a bit of a pull back this afternoon...
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Great!!! A lot better now, the $1420's was giving me an ulcer....

=)

 

Magnesium is good for ulcers, as is selling high!

SLV touched $28.72/sh. before dipping to $27.15 a short while ago.

A limit order for $28.70 I had placed was filled! That too fixes ulcers.

And I live to play another day.

 

We know the prices will go higher. Well, at least that's what I'm expecting.

Seeing it happen this fast is hard to swallow. I think it was just this past August, gold was only around $1200'ish? I remember even saying I don't see gold hitting $1350 by years end because it seemed to have plateaued......now look!!!?

Goldman is pinning gold at $1600 so I can expect gold to at least go up to that price....

 

Yeah, I heard that $1600/oz Goldman figure this morning too. I have not moved gold, physical or paper. Silver and SLV have been too fun lately! :smile

Is There Any Stopping Silver? (SLV) from benzinga.com [11/09/2010]


If you like paper PMs you should see what SVM and SLW are doing! I heard a seriously bullish target number for Wheaton at $100/sh. That was about two-three weeks back already and I thought, no way... WOW! Wish I had more of those guys!

 

that's exactly what I've been wondering about...I understand the "quanitive easing" scare being a huge factor but also I wonder if there's a guy not really mentioning names (soros) or group of guys out there pulling the price up to only sell at huge profits soon and cause a crash in the price...I bought some halves from a new flee market in town that had them for 18x face value instead of the 20x face value the dealer in town is charging so I kinda feel good about it... I just hope the price doesn't drop like a rock soon or I'll kick myself for wasting all that money now when I could have waited and bought more...it was only only $180...but still if the price drops and IK can get for say 14x face or 16x face that's $1-2 a piece that's an extra halve per 7 or 8 I buy and those can add up kinda quick here and there...at least I got the bulk of my silver bullion and junk silver for under $19/oz so I guess really I'm just buying in more and it's just increasing my buy in per oz... I guess I would rather own 1,000 oz at $25/oz then own 100 at $17/oz

it's kinda a catch 22... either you do something and pay for it or you don't and really pay for it.... I really could handle a huge dip or some "shock" to the market in a downward trend or a huge down spike so I can just pull the trigger on all I can afford to do right now instead of parcling it out... I still have to go through a bunch of state quarters and park quarters that i'm not selling on e-bay or thinking of selling on here for $11-12 plus shipping... I'm still feeling good about what I'm finding in circulation in halves... I found a few 64's and a small stack of 40%'ers for basically free since I have to go to the bank ever so often anyways...and my cashier at wal-mart doesn't mind too much me buying my groceries in halves

 

Currently, in the US market for Tuesday, 11/09/2010:

Gold: $1,394.70 -- Low $1,392.30, High $1,425.50
Silver: $27.30-- Low $27.21, High $29.38
Platinum: $1,768 -- Low $1,759, High $1,813
Palladium: $700 -- Low $695, High $747

Watch out below...​

 

Holy moly!! $1393??? There is a God!!! Yippie!!!!

 

It's not that easy to get past the next level... always staring down these resistance levels, again at $1,400 gold, $30 silver, $1,800 plat., $700 pall.

 

And I was really thinking about buying at $1420 too!! Wow......now comes the guessing game.....wait for more drops or just buy now!!?

 

If you need a holiday gift, maybe, otherwise, I wouldn't. Just my 'gut' thinking, waiting until after the new year lest a severe correction should allow you to be a big buyer.

 

Well you said it, buy now and pay today's prices, or miss out (if the upward trend continues) and REALLY pay for it. And as you probably know, don't invest in anything you can't afford to lose. I think you are astute enough to know your own comfort zone.

Don't worry too much about the past. I know I can't be bothered knowing I could have picked up silver at $10 back in the days....that's just life.

Now that prices have exhaled, I am almost positive I will be picking up some more PM's...

 

Is that the normal behavior? I can logically see why they would increase before and during the holidays...

How does January/Feb usually look for metals?

 

For your review...

Note that past performance should not be considered an indicator of future performance.

 

did you get that from G gordon liddy or one of the other "TV dealers"...

 

Oh sure it does!!! =)

I can't beleive those prices. Seems like so long ago yet it was only last year!!! $1097 HIGH? wow....

Gold at $1389 now.....it ran into kryptonite!!!

BTW: I'm really confused CDN is at 1.009 and USD is 1.000.

Yesterday I believe they were both 1.000. Did something happen with Canada? How did their currency lose value so fast? They were doing so well pegged against the USD?