I saw that this morning as well. The Drudge headlines indicate real unrest with the Euro crisis; coming to a head.

CSM101

 

Wow, I have been checking in to the Kitco site and it looked like a very tepid morning so far. This has me curious.

 

Options expiry....

 

That's not it, we have that every month and PMs do not move like this.

 

Really cool how fundamentals are supporting the move.:xeye:

 

People are finally realizing Europe is totally fooked and nobody knows how to fix it.

 

sell sell sell!!!!!

 

volatility is the new normal, get used to it. $1-2 swings in silver and $20-$50 swings in gold are no big deal these days, and seem to happen for no real reason.

 

There's always a reason. It may not be obvious or make much sense to us, but a major swing always has a reason.

 

no wait...BUY!!!!!

 

I'VE BEEN BUYING!!!!!​

I just wish it would stay down for a little while longer so I can add more to my stack. :

 

i am so confused.

 

Gold and silver broke through 3 levels of resistances and the 38 fibo lines today. For me I am buying, but please do your own research. This is not meant to be financial recommendation or advise.

 

Vincent, I'm glad I'm not alone.

 

I'm headed to walmart to buy more ammo. Thats my precious metal. A box of 357 is still worth 25 dollars a day after i bought it.

 

I guess if I only had $25 I would go that route too, but what if I had $25,000? Or $50,000? Or $100,000?

 

Silver is up over a buck and gold is up over $20... Whats up with that?

Really? Is this the first time you've ever looked at a precious metal ticker?

Last month Silver fell from $42 to $30/oz. and Gold fell $200/oz. over the course of 3 business days..... it goes up....it goes down.

 

A lot of possible reasons - Italy's government collapsing, short squeeze @ options expiry, etc. It was inevitable IMO.

 

Silver

For quite sometime silver/gold has risen and fallen in synch with the stock market. NOT SO TODAY, as it's contrary top it. Market down. precious metals up. I hope they have broken "out" from the market. If they have we might see quite a rise in prices.

 

For a moment I thought we were actually going to get through a thread about PMs where someone didn't chime in with "brass and lead are my PM derpderp!"

I should have known.

 

sorry no chance, but i am still waitng for one of you to strick it rich, and let us know how you just made a 100k profit in just one day.

 

I'm waiting for 17.50 LOL

 

Ag $/oz or GSR?

If Ag futures were to hit $17.50/oz, there won't be any physical available anywhere IMO.

 

With all of the doom and gloom lately on the radio and TV people are getting paranoid and paying out their a$$ for both, Supply and demand at work....People in the sivler and gold business are making a killing right now, I have some scrap Gold, necklaces,rings ect that my wife don't wear hell i may cash in.

 

... I have some scrap Gold, necklaces,rings ect that my wife don't wear hell i may cash in.

:

 

Wow, I was caught by surprise when I saw the big move up.

Granted, I am new to pms but that jump was fairly big and quick. It is no where near the $10 drop we saw happen in 2 to 3 day period a couple of weeks ago.

Anybody know what happen? Could it have anything to do with what the Pope stated yesterday or was there other news today? With work and family time, I can't always stay up with all the days news.

 

Back to safe havens. Market bubble shows signs of bursting, sooner than I thought. . Still haven't covered my summer short in netflix, feel they will go bankrupt, maybe soon. Stocks like Apple and Amazon have a LONG way to crash. All bubbles burst, and we're in the last stages of one now. Hope grupon goes IPO so I can short it after the quick hype run, that one's a no brainer. Facebook too. Like Hula hoops, Crocks, folks, hyped crap for stupid people, with short business life expectancy...

 

see-saw




when stocks go down, bonds and PM's go up. That's the natural order of things.

 

when stocks go down, bonds and PM's go up. That's the natural order of things.

Not exactly. When stocks & bonds go down, you'll often see PMs drop just as much at the same time, as folks liquidate their PM positions to cover their other losses. THEN the PMs usually rise as people buy them back up before getting back into the stocks & bonds.

 

Heading to 34.00 by morning.

 

20 dollars movement is not much percentage wise....

 

Buy copper wire, more useful, you can make generators from copper wire and speaker magnets

 

I'll wait and see. If it goes or looks like it's going to go up above $35 again, I will buy some more tomorrow. I have a few hundred set aside for just such an occasion. If not, then I'll wait until payday and get my usual allotment.

 

$33.58 is a big resitance point, if it closes above that today then we will see $35, 36, $37, hopefully that resistance becomes support