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Gold/silver paper smackdown coming?
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<p>[QUOTE="doug444, post: 1621335, member: 38849"]The best contribution "forecasters" can make is the discussion of macro-trends, based on careful reading of a lot of sources, plus a few statistics. For instance, if Reuters reported that Belgium and Netherlands had completed selling all the silver their central banks hold, and immediately used the proceeds to buy gold on the open market (this is "made-up news"), that would be highly significant.</p><p><br /></p><p>To read that Dealer so-and-so is selling 5% under spot this month, that could mean that Mrs. Dealer ran a red light and t-boned a Mercedes, and they're a little short, just twenty grand collision coverage <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> [that only fixes the Merc's titanium voice-controlled, programmable, low-drag, telescoping, taco-warming, radar-detecting side mirror]. But I digress.</p><p><br /></p><p> I agree, saying silver could go up, down, or sideways is useless. And when I post, you may remember the fact that I do not plan to SELL silver unless I have a dire emergency. I also don't get concerned the least bit about 1% moves in any direction, although if that happened every day for a week, I would step up my pace of reading all the gee-whiz commentators to look for someone's innovative insight.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1621335, member: 38849"]The best contribution "forecasters" can make is the discussion of macro-trends, based on careful reading of a lot of sources, plus a few statistics. For instance, if Reuters reported that Belgium and Netherlands had completed selling all the silver their central banks hold, and immediately used the proceeds to buy gold on the open market (this is "made-up news"), that would be highly significant. To read that Dealer so-and-so is selling 5% under spot this month, that could mean that Mrs. Dealer ran a red light and t-boned a Mercedes, and they're a little short, just twenty grand collision coverage :D [that only fixes the Merc's titanium voice-controlled, programmable, low-drag, telescoping, taco-warming, radar-detecting side mirror]. But I digress. I agree, saying silver could go up, down, or sideways is useless. And when I post, you may remember the fact that I do not plan to SELL silver unless I have a dire emergency. I also don't get concerned the least bit about 1% moves in any direction, although if that happened every day for a week, I would step up my pace of reading all the gee-whiz commentators to look for someone's innovative insight.[/QUOTE]
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Gold/silver paper smackdown coming?
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