Next Level: GOLD $1,350.00

CURRENTLY:

GOLD: $1,183.40
Silver: $18.12
Platinum: $1581
Palladium: $502

 

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CURRENTLY: In UK/EU markets for Monday 8/2/10

GOLD: $1,177.50
Silver: $18.12
Platinum: $1589
Palladium: $504

US market opening in approx. Fifty minutes...

 

CURRENTLY: After the US market open for Monday 8/2/10

GOLD: $1,178.80
Silver: $18.16
Platinum: $1591
Palladium: $503

 

Silver looks good, looks like I'll be offloading some today or tomorrow if this keeps up....

 

CURRENTLY:

GOLD: $1,181
Silver: $18.37
Platinum: $1597
Palladium: $505

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CURRENTLY:

GOLD: $1,183.90
Silver: $18.41
Platinum: $1585
Palladium: $498

 

Wow I don't believe my eyes, what a run up!?(for silver) Is APMEX open at time for us EST guys?

 

CURRENTLY:

GOLD: $1,188.40
Silver: $18.46
Platinum: $1600 WHOA!
Palladium: $509

 

gold high for today is $1,191.60/oz. silver high $18.59/oz.

 

CURRENTLY:

GOLD: $1,190.50 - High so far today $1,191.60
Silver: $18.55- High so far today $18.59
Platinum: $1603 - High so far today $1605
Palladium: $518- High so far today $519

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Looks like the NY smackdown crew is oversleeping. I hope that stay asleep for a little while longer.

 

I guess when Elaine heard the rally charge she forgot to wake them up when she sprung back into action with the pom poms today!

 

I wonder if it is possible for Elaine to "forget" to "wake up" the NY smack down crew for tomorrow?

 

well, thus far, everytime she has, an inverse reaction has been sure to set her goals of a soon approaching $1,350 POG back that much further...

 

Sorry guys, had a busy day today running around. Glad to see silver and gold doing well. I am very much ready to offload some silver. Didn't even have time to call APMEX. I'm going to give them a call ASAP tomorrow, hopefully prices will still be in the $18.30+ range.....

 

“And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I’ve known many men who were right at exactly the right time, and began buying and selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine – that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.” - Jesse Livermore

 

ok so in short, patience is virtue?

 

It's just food for thought from a highly successful trader. In short, you can't make big money if you sell out and are satisfied with small money. Of course, the flip side is that if you swing for home runs, you may strike out. It depends on your goals. In my case, I don't really care if silver goes up or down $5. I'm only interested in the possibility that it could go to $___. [an amount so high that I'm embarassed to print it] I want my silver ownership to make a REAL difference in my standard of living, or to make no difference at all. I'm not interested in anything in between. Everyone has to think about this for themselves. My risk tolerance is probably higher than most.

 

Babe Ruth was also famous of his strike out record. :smile

 

Interesting perspective my friends. My ultimate goal has never been for silver/gold to make me money, but to hold me over, or should I say, provide me the "buffer" to protect me against inflation. I haven't sold silver yet although I've bluffed many times. LOL...

It is very hard to stomach when silver/gold drops, just the same way I am full of joy when gold/silver peaks.....you take the good with the bad....

I will see what my mood is tomorrow, today, I was just too busy running around to even sit at my desk. Tomorrow should be a different story, we'll see if I pull the trigger. =)