Gold $1,020.00, Silver $21.00 can it be?.

metal reduces profit

from dec.31. 2007 to today's low:

silver up 17.21%, $14.76 - $17.30
platinum up 12.16%, $1,530.00 - $1,716.00
gold up 10.06%, $833.75 - $917.60
palladium up 4.12%, $364.00 - $379.00

 

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platinum falls

platinum hit a low of $1,695.00 per ounce today.

note that platinum was only half the price of gold few years back. i see the platinum will continue to go down dramatically.

 

Lol . . . I love hoarding gold and silver . . . :mouth: Yup . . . it's mine . . . all mine! :mouth: Look, touch, feel, take a picture of . . . They're my babbies! Lol.

 

platinum

now the american eagle platinum series were all overpriced. at least $250.00. these series were basically based on $2,000.00 an ounce plue allowances for price increases. and also plus premium and mark up. but since the price of platinum dipped below $1,700.00 at one point. so the series were quite expensive. unlike gold series were within its range. the mint based the gold series around $900.00 to $950.00 an ounce plus the above mentioned.

 

as of this time

from dec.31,2007 to present time,12:00 noon july 30, 2008:

silver up 15.65%
platinum up 12.22%
gold up 7.69%
palladium up 4.12%

s & p 500 down 13.20%
dow jones down 13.22%

 

Gold drop.

If an energy policy looks like people believe it will materialize, stocks move up that will be the sound of gold moving down. If it is a total psychogical play, then it will not stay down long.

 

american eagle platinum

american eagle platinum series are now overcharged by at least 25%. current price of platinum is $1,724.00.

p.s. the american eagle gold series were within the range or a little above of gold prices. current price of gold is $908.40. u.s. mint used $900.00 to $950.00 per ounce to calculate it.

 

platinum falls

platinum down to $1,638.00 per ounce. downed from $2,302.00 high this year. currently it is only 8% higher from dec.31,2007. and exactly the same percentage increase as to gold.

 

wow platinum crashed

platinum low at $1,609.00 per ounce. reason: general motors losses too much. will not use platinum much. see platinum to hit $1,500.00 or below.

palladium down to $358.00 per ounce from a high of $601.00. once up 65% since dec.31,2007. now down 2%.

 

platinum

the mint is now overcharged $410.00 for american eagle platinum one ounce unc and proof coins. based on $1,650.00 per ounce. the one ounce unc price should have been priced at $1,939.95 against mint present price of $2,349.95. and the proof should have been priced at $2,099.95 against $2,509.95. wake up u.s. mint.......we are not dummy.

 

Isn't the general trend in metals for them to be low on fridays and even more so at the end of the month due to investors taking profits? Buy on last friday of the month and sell around the 17 of the month?

 

Fridays

Not many traders like to hold large positions in volitile markets over a week end. This would be stocks, metals etc.
If you have a low open on Monday you get hammered. With most having the tools to see how much volume was created in all markets, forecasting a Monday open is not an ace, but you can get close to market interest.

 

monday openning

i also see monday stock market volatile on downside. anyway, it is a downtrend. short selling might be a winner. but i still like silver and gold. more steady. and it is uptrend. i plan to buy more american buffalo. 1/4 oz is my target. both proof and uncirculated.

 

Hedge ?

If you buy to hedge , buy 1oz bullion. Most of what the mint is selling is bullion, or sells very near bullion price in the secondary market. If your a collector , it appears special events that coincide with anniversary dates seem to have an upward trend over the years.
Gold can and will have direction but right now there is a lot of pressure for a solid energy plan. That will take money and investors changing positions.
I will always keep gold but will not always be a buyer.
Short selling is a full time job, it takes a lot of time to cover costs and be profitable.
Long positions in the best companies that you understand is an easier approach to long term investing. A hedge to go with that and diversity in what you own will help through all times.

My opinion only, I speak for no others.

 

to pepperoni

that's a good advise. thanks.

 

Actually, platinum is being replaced by silver in catalytic converters in the near future. Platinum is 3 times rarer than gold but is too expensive as an industrial metal and has been replaced by gold and silver. The U.S. only mines about 6 million ounces of silver now and the Federal Reserve, Strategic Metal stockpile is long gone. The present world supply of silver is about 30 million ounces and the industrial usage is twice that each year. Silver is not mined fast enough to meet current industrial projections, given silver's enhanced industrial uses in reflective clothing and medicine. I believe that silver prices will continue to rise slowly each year as India and China industrial growth strengthens.

 

I must step in here ...........

No serious collector buys a coin for their metal content as all these coins are priced way above the intrinsic value of gold and silver and are not influenced by the fluctuations of that market ........... bad example but an 1804 Flowing Hair Dollar is not "price influenced" by the silver market.precious

The only people that consider the metal content are those that "speculate" on the metal market price jumps ............. buying a silver Morgan Dollar? Don't waste your time worrying about the 412.5 grains of silver ............ you are paying much more for the numismatic value of the coin than the intrinsic silver price.

And, "most of the time we losing money by hoarding" ........ My comment that those that horded coins have fared very well in today's market. I wish I had "hoarded" more Morgans when I could get 'em for $1 at most banks in the early 1960s! Hell, a few years later I bought and sold 'em for $1.75 .......... I wish I could do that today!

 

platinum down again

platinum hit $1,609.00 per ounce in asia. tie the recent low.

 

best of luck. you will need it

 

platinum fall again

as i predicted, platinum should down below $1,500.00. now its low is $1,536.00. and i also predicted stock market will down today.