All markets scare me right now. Our utility company just got a 10% rate increase. Personally, I am not going to buy anything right now that I do not have to have.
The metals are all up because the dollar is declining. It doesn't bode well for our nation's economy. EDITED
Been buying Silver Crowns (Panama Balboas, Philippines Pesos, Canada Silver Dollars,U.S. Morgan & Peace Dollars, Mexican 8 Reales, and Mexican early {pre 1936} Pesos) plus Canada $5 Maple Leafs, Mex Libertads, US Silver Eagles, China Pandas, Aussie Kangeroos, etc. Clinker
treashunt are you trying to become another elaine with all these gold posts. frankly i thought you were to busy with coins to worr baout prices of metals
Im kinda worried how fast its going up,. and it all has to do with the dollar... remember back in the day when the American Dollar was something people elsewhere would accept, and wanted? lol
and the speculators (who will bet on nearly anything, mind you) have a pool going to see how far it will go in the air before it falls
IMHO, if President Bush gets the Saudis to agree to pump more oil, then the price of oil should drop significantly, the Dollar will rebound and Gold and Silver prices will take a nose dive! Therefore, in case this happens, don't get caught with you pants down and your profits flushed down the toliet! Besides, historically late January is about the time when precious metals prices start their decline and eventually bottom out (hit their lows) in April or May! Frank
Howdy, As I write, gold spot is at 884 vs. 908 yesterday morning. Silver is down to 15.84 from 16.35. As Frank wrote, this could be the start of the seasonal pullback, but it could have also been folks having to meet margin calls yesterday and selling wherever they had some profits. We'll have to see what it does when the CPI numbers come out later this morning. I've seen 870 mentioned as support, but I've also seen 780 mentioned as where it might fall back during the spring seasonal weakness. I still think it will end the year over 1000, but between now and then . . . who really knows? just some mutterings, peace, rono
I would have a nice set of Emu coins, but the buy it now auction would'nt take Paypal. I did'nt know how to purchase with a western union money transfer, so i e-mailed the seller to find out. Before the seller responded someone else purchased them!
