The Men Separated from the Boys

Discussion in 'Bullion Investing' started by fatima, May 5, 2011.

  1. Nikki83

    Nikki83 New Member

    $43 for an ounce? That would be a hard one to swallow for me. I'm really just waiting for it to go down a little more and by a little more, I mean $25....$30 spot price. But really, anything higher than that, I wouldn't bother buying. That's when it gets risky for me and I'm thinking longterm investment.
     
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  3. AlexN2coins2004

    AlexN2coins2004 ASEsInMYClassifiedAD

    personally I shoulda listened to my gut and just pulled the trigger on my sale to apmex... at that time the silver I have for sell was worth a bit over $11,100...now it's something like $7700 or so

    I hope it rebounds with a ROAR so I can off load this and the rest of my holdings will be basically free money as I've been paid back for the investment...
     
  4. InfleXion

    InfleXion Wealth Preserver

    If this does happen it would be indicative of a lack of faith in fiat currency, in which case selling might not be the best idea. I plan to switch a portion of my silver into gold once the G/S ratio hits 20 which would probably not happen unless silver broke $50. I'll keep playing the ratio and stay out of fiat as much as possible. I measure my wealth in ounces, not dollars.

    P.S.
    Fear is the mind killer.
     
  5. rickmp

    rickmp The other White Meat.

    Philharmonic. One word. Not someone's name.
     
  6. AlexN2coins2004

    AlexN2coins2004 ASEsInMYClassifiedAD

    not I'm not trying to argue with you on fiat to gold and silver value...but why exactly did the price of silver drop so much in a few days? in one word manipulation...who's to say it won't keep getting smacked down over and over again? if anything I've learned one more thing...

    that being there's isn't exactly value in fiat or gold/silver... just the perceived value that it's given...everything is manipulated if the market is small enough to be...and silver is definitely small enough for it...a $14 dollar drop in a few days is good proof of that...
     
  7. 9guns

    9guns Junior Member

    wasn't planning to add anything today but i was just doing my usual searches on ebay and stumbled on 3 rolls of eagles for $37.49, couldnt pass them up
     
  8. bigjohn56

    bigjohn56 Member

    Great find!!!
     
  9. 9guns

    9guns Junior Member

    he had 2 rolls of maples for the same price but my credit card's squeeling like a pig as is.
     
  10. 10gary22

    10gary22 Junior Member

    Me Neither !

    Like I been sayin' the fundamentals show the price will continue an upward trend for awhile yet. Of course, no money is made in the market without price movement. And underfunded markets like PMs are subject to wide fluctuations. Sky falling ? No, since the upward turn started higher than the last cycle. Plot the bottoms of the cycles and I see an upward line.

    And the US economy is not the deciding factor anymore, China's is.

    Just sayin'

    gary
     
  11. InfleXion

    InfleXion Wealth Preserver

    So true.. although I do think a day will come when the Comex can't deliver what's being demanded of it. Once the paper silver jig is up, physical won't be nearly so easy to manipulate. Though certainly easier than gold.
     
  12. Irish2Ice

    Irish2Ice Member

    In my mind, raising the margin requirements drove out the riff raff and quick money "investors".

    From here the rise should be more stable and consistent.
     
  13. medoraman

    medoraman Supporter! Supporter

    I simply view the change to the margin requirement an inflection point at which people could anticipate action. I don't think the major players in this market are too concerned with margin requirements. Carlos Slim, Soros, and others could buy this market if they wished. The margin requirement may have changed for some traders riding big coattails, but the major players aren't affected.

    Like I said, we will not know for years who is driving this market right now. Major movements draw certain investors, and steady and consisten is not the forecast I would use. I still think there is huge room for volatility. I could see prices back up to $45 soon.

    Just my opinion.

    Chris
     
  14. Collector1966

    Collector1966 Senior Member

    Considering what happened to the Hunt Brothers, I don't think they'd try to buy this market.
     
  15. medoraman

    medoraman Supporter! Supporter

    That is why first they aren't forecasting their moves or being as public as the Hunt's were. In the late 70's everyone knew what the Hunt's were trying to do. Second, this is why the major players aren't trying to corner, just move the market around to create profit zones for themselves.

    Just my opinion, I am not a conspirist, but have seen too many, (after the fact when you can find out what was happening), market shakeups like this. I look at oil at $140 as a similar market. people can read up what was moving that market.

    Chris
     
  16. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    I don't know about the stable and consistent part, but I agree that PMs are in stronger hands now, and the overall price trend still seems to be up.

    On the negative side, the market just gave another free lesson to everyone that it is safe to buy the dips. More people are likely to buy next time, and the next. Then one day the trend will end, everyone will buy more on the dip, and the market will just keep sinking. That's the way it goes.
     
  17. medoraman

    medoraman Supporter! Supporter

    I am just wondering why you think they are in stronger hands. Do you think there were a lot of speculators with small bankrolls participating? Do you think they lost their shirts on this latest movement? Bigger, or "stronger" hands are not immune from taking losses, look at Kerkorians ill fated investments in Chrysler and GM as examples.

    I think this quick movement was eye opening, but I guess I don't see any evidence that certain classes of investors won or lost disproportionately. Hopefully a lot of small investors who bought at $30 either hung tight, so they aren't out anything, or sold in the $40's and are still flush and able to participate.
     
  18. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    When you have a quick 30% drop like that, all of the thinly capitalized players, momentum investors, leveraged investors, day traders, [some] hedge funds, etc... were probably shaken out of the market. Those who are left have the financial staying power to hold through the dips and most likely have a longer term favorable outlook for silver. Many probably bought more. So I think the silver market is healthier now than it was when it shot up to $50. The comparison to car manufacturers is irrelevant.
     
  19. medoraman

    medoraman Supporter! Supporter

    I was just asking if you had any evidence of that. I haven't seen nor read anything that would let me make such a prediction.

    My comparison was a "big boy" losing against trend on a play, something that many people think they are incaplable of doing. Just because you are "strong hands" doesn't mean you win at the expense of smaller players in market changes.
     
  20. Irish2Ice

    Irish2Ice Member

    Sometimes thinking for yourself and applying common sense can out weigh what you might see or read.
     
  21. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    I don't think the recent drop in silver broke any important trend lines. If it did, it might have kept dropping. Since it held, the silver market is healthier now. Also, "big boy" doesn't necessarily equate to strong hands. Regarding evidence, it would show up on the commitment of traders report as a drop in the open interest, but I haven't checked it.
     
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