Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
2011 GOLD high $1,500.00, SILVER high $24.00
>
Reply to Thread
Message:
<p>[QUOTE="desertgem, post: 1035081, member: 15199"]<p style="text-align: left"><span style="color: #000000"> <blockquote><p> </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Unfortunately, that range , 30% or so decrease, would ,IMO, not stop there, but could continue further as the majority of buyers would be very spooked, especially since there has been no significant change in monetary policy, contrarily it seems things may be a little worse with Irish banks, China and S. Korea trade problems, etc. Many would start to wonder if PM are needed for monetary value stabilization. If the Chinese, Indians, etc. do not continue buying gold and silver, because the push seems lessened, this also will enhance a downward trend. I think serious trend changing could occur at $23-24 range, then you might consider dumping it and put all into bank stocks, as the direction of the wind has changed. Until that level ( might come Monday, might come years from now, who knows), I am betting with todays purchases that it will regain upward momentum ( although much slower probably). All just my own opinion and suppositions.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Jim</span></p> <p style="text-align: left"><span style="color: #000000"></p></blockquote></p> <p style="text-align: left"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1035081, member: 15199"][LEFT][COLOR=#000000] [INDENT] Unfortunately, that range , 30% or so decrease, would ,IMO, not stop there, but could continue further as the majority of buyers would be very spooked, especially since there has been no significant change in monetary policy, contrarily it seems things may be a little worse with Irish banks, China and S. Korea trade problems, etc. Many would start to wonder if PM are needed for monetary value stabilization. If the Chinese, Indians, etc. do not continue buying gold and silver, because the push seems lessened, this also will enhance a downward trend. I think serious trend changing could occur at $23-24 range, then you might consider dumping it and put all into bank stocks, as the direction of the wind has changed. Until that level ( might come Monday, might come years from now, who knows), I am betting with todays purchases that it will regain upward momentum ( although much slower probably). All just my own opinion and suppositions. Jim [/INDENT] [/COLOR][/LEFT][/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
2011 GOLD high $1,500.00, SILVER high $24.00
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...