Silver Price Drop: My Fault

better making a park bench , so we , the new homeless ,would have a home ... after the bust

 

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That gives me an idea. Forget the carpet, just go wall to wall with silver bars.

 

Looks like it was just a short bump to allow the rest of us to make a good buy.

Nice pops this week! Of course the newsies say it was just shorts covering the spread - and no new players. Whatever it is, it's nice to see the momentum swing.

I don't think we've hit bottom, but I'm prepared to buy into the next dip if/when it occurs.

The fed has really let everyone down with this "tail wagging dog" approach lately. If you don't make a decision - you can't make a wrong one I guess??? Feel-good politics rule the day.

 

This sudden bump upwards will continue for a while. Here's why. (I may have mentioned this in another thread)

I nailed the bottom in the GDX almost perfectly. I sold all of my Fidelity Select Gold mutual fund on August 6th to facilitate a rollover to a new account. Had I got it done one day earlier, I would have nailed the multi-year low.

Since then (this is where you thank me) it took two weeks to get the check from my 401k provider to my IRA provider. In that time, the GDX has risen over 15%. So I've managed to ride FSAGX from $24 down to $13, and then miss an extra 15% due to transaction delays.

I have since completed the rollover and now have limit buy orders set for the GDX at $14.40, $13.80, and $13.05. The odds of me getting that back without having to run down the tracks trying to catch that train are about zero given my luck.

Maybe I should start a subscription service. "Do the opposite of me and get rich!"

 

(whoops, duplicate)