Discussion in 'Bullion Investing' started by Kevin wu, Jul 8, 2020.
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Do you think so?
Silver is up $1.58 for the day
Platinum is up $20.86 forvthe day
Palladium is up $105.96 for the day
I'm sure prices have already changed, to the higher.
On July 8th @goldcollector stated "Gold will break all time high while silver struggles at $20". That was 19 days ago. Silver blew through the $20 price range like it wasn't even there. Can you please explain this? How could you be so wrong? I'd love to hear this answer.
Platinumbskulls are always wrong. A good rule of thumb is whatever @paroledcollector recommends, do the opposite.
Hi-Yo, Silver! Away!
As a detail, I'm not sure what site you're using for your quote there, but $52.73/kilo seems a bit off, especially when it shows 79 cents/gram directly above...
And rising. Lol all the way to the bank!
Good catch, that's the APMEX app, not an endorsement
Silver was front page in the WSJ today. Once it hits headlines, I like being careful.
I am holding but not buying.
Often a good strategy.
I agree. Bubble bubble...where's the pin!
I'm buying after the pin bursts the bubble.
You have to compare it to a moving average, not the March lows.
Also, take into account multi-year pricing.
And finally, go by past moves from trough-to-peak to get an idea of how big this move can go.
Look, I'm agnostic and I really don't care if gold goes up or down 15% from here...but I can easily make a case for $32 silver and $2,200 gold in a few weeks.
When it leads off FAST MONEY on CNBC or other programs, and you find segments including "5 Ways To Play Gold or Silver"...then it's time to ask where the SELL button is.
Gold is going to go up as political risk increases.
I apparently clicked on one too many PM stories, because Google's been feeding me those headlines for weeks now.
It's when my dad calls me up and says "I"m thinking about buying some gold coins, what do you think ?"
LOOK OUT BELOW !!!!!!!!!!
Not with current premiums, just going to watch and try to be happy I started loading up last year when it was $15 and stop wishing I'd bought more.
That's an idea I didn't think of. Now I hope they DO NOT come up with a new stimulus package. I want things to go south so I can load up on stocks.
1) How far back are you tracking to determine the moving average? Silver was stuck at $4 from 1998-2003 then went into the high one-digits before the "Great Recession" markets in 2011-2012 (the previous highs of $26 & $27). The average in the last 8 years has been ~$14 (my basis).
2) I don't understand. You don't care, but you are making a case for $32 (up another 33%) and $2200 (up another 14%). I am not disagreeing, but I think your numbers are an optimistic case. You are not buying?
I am good at holding. Silver was $12.13 last March (the low in 2020). It has doubled since the low.
As a CFA and a RIA (SEC Section 203c), I like cash. I understand that "cash is trash" today, but things can change quickly. Plus, my PM exposure is near my limit to total assets.
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