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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="medoraman, post: 1071624, member: 26302"]I am sure there are, but you have to ask what they bought with that $10. Money is not stationary. I sold some things a couple of years ago to invest in stocks when they got hammered. I would say I have made more on them than anyone has in physical metals in the last couple years.</p><p><br /></p><p>Overall nice posts here lately. I agree to be looking over your shoulder. I am just saying the most reliable indicator of a market is the INVERSE of retail sentiment. If everyone is negative or no opinion on an asset, then that is very bullish long term. That is where silver was 18 years ago when I bought tons at $4. In 1979-1980 most investors were very bullish on silver, then it collapsed. I am not saying when this could happen, I am just pointing out that for every market, (stocks, PM, housing, etc), the opposite of what the general public thinks is usually the best play long term unless you want to "play the game" and ride the asset up and think you are smart enough to get off before the train stops.</p><p><br /></p><p>Again, silver could go to $50, it could slide right now down to $15, I am not saying when it could happen, just hearing all of the news about how great silver is makes me extremely nervous for the market.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1071624, member: 26302"]I am sure there are, but you have to ask what they bought with that $10. Money is not stationary. I sold some things a couple of years ago to invest in stocks when they got hammered. I would say I have made more on them than anyone has in physical metals in the last couple years. Overall nice posts here lately. I agree to be looking over your shoulder. I am just saying the most reliable indicator of a market is the INVERSE of retail sentiment. If everyone is negative or no opinion on an asset, then that is very bullish long term. That is where silver was 18 years ago when I bought tons at $4. In 1979-1980 most investors were very bullish on silver, then it collapsed. I am not saying when this could happen, I am just pointing out that for every market, (stocks, PM, housing, etc), the opposite of what the general public thinks is usually the best play long term unless you want to "play the game" and ride the asset up and think you are smart enough to get off before the train stops. Again, silver could go to $50, it could slide right now down to $15, I am not saying when it could happen, just hearing all of the news about how great silver is makes me extremely nervous for the market.[/QUOTE]
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