Biggest markets closed - silver up 30 cents
- Thread starter Seraphim
- Start date
Yes.
The best way to buy PMs, is to make 2-3 large purchases a year. Late January-February and June-July.
Cost averaging is nice if you are a long term investor and don't want to be mindful of short term noise, but season trends are clear: Buy early in the year as the price corrects from the Sept-Dec ramp up...and then again during the flat/corrected price in the summer.
The best way to buy PMs, is to make 2-3 large purchases a year. Late January-February and June-July.
Cost averaging is nice if you are a long term investor and don't want to be mindful of short term noise, but season trends are clear: Buy early in the year as the price corrects from the Sept-Dec ramp up...and then again during the flat/corrected price in the summer.
Over 50 cents for the day.
I'll be honest here, despite the fact that I've been calling a large move up - to have it move like this on a day where North American markets are closed...is surprising.
It's looking like, if the Euro has troubles - europeans will rush into gold and any relative strength the USD gains will pale in comparison to the value jump for PM's.
A relatively stronger USD won't keep a lid on PM prices. If the USD and the Euro both devalue in tandem - look out; 100$ silver won't be far down the road.
I'll be honest here, despite the fact that I've been calling a large move up - to have it move like this on a day where North American markets are closed...is surprising.
It's looking like, if the Euro has troubles - europeans will rush into gold and any relative strength the USD gains will pale in comparison to the value jump for PM's.
A relatively stronger USD won't keep a lid on PM prices. If the USD and the Euro both devalue in tandem - look out; 100$ silver won't be far down the road.
Silver will be currency in 10-20 years.
Value judgements will be associated with productive labor.
Value judgements will be associated with productive labor.
Joseph de Maistre
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Silver has gone up nearly $4 in a half month. My money says the FOMC follows through with QE3, perhaps in September. But, regardless, they have no options left, and that is going to become abundantly clear when PMs start exploding.
There will be QE. It's just a matter of time.
There will be QE. It's just a matter of time.
Acala
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meta move
That's what I call the meta move. Silver and gold go from being commodities valued in currency to BEING currency.
That's what I call the meta move. Silver and gold go from being commodities valued in currency to BEING currency.
Liberty74
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There is no doubt there will be QE3. Isn't part of the FEDs job is to get the President re-elected? If QE happens before November pumping up the market, it will give an illusion that things are getting better, right? However, I think those in charge are ready to put the next puppet in place, Romney, in which the next QE will happen after the election. Just my thoughts...
QE is still in effect. It's perpetual through a few mechanisms.
An offical, LUMP SIZEd QE - will occur (most likely)... I just don't know when.
Also...The bull market in PM's is NOT dependent on monetary expansion. PM's will revalue against most other markets regardless of Fed action.
But if The Fed and the ECB want to go ahead and through gasoline on the fire - they do so at their own peril.
An offical, LUMP SIZEd QE - will occur (most likely)... I just don't know when.
Also...The bull market in PM's is NOT dependent on monetary expansion. PM's will revalue against most other markets regardless of Fed action.
But if The Fed and the ECB want to go ahead and through gasoline on the fire - they do so at their own peril.
Yeah exactly.
That sort of revaluation is a pure function of demand. A lot of demand...
I'm a big fan of bank reserves being in gold with between 30-70% reserves (chose your risk porfolio) with silver being ciculated as coinage, nearly all unleveraged. The market seems to revert to this (roughly) irrespective of political action or official policy.
That is the general money market that made the US so great.
That sort of revaluation is a pure function of demand. A lot of demand...
I'm a big fan of bank reserves being in gold with between 30-70% reserves (chose your risk porfolio) with silver being ciculated as coinage, nearly all unleveraged. The market seems to revert to this (roughly) irrespective of political action or official policy.
That is the general money market that made the US so great.
ronpaulfollower999
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Machiavelli
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So buy silver now or wait till prices drop after the election or year?
Buying at 5.50 to 27 would have been good , what economic factors would make you think it will go down ?
Zippyjuan
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Quantative easing ended June of last year (2011) with QE2. They are still running Operation Twist but that is not any easing (which would mean adding more money to the economy) since they are taking revenue from maturing short term treasuries and using that to purchase longer term ones. If they kept the money from the maturing Treasuries, it would decrease the money out there and if they bought T-notes in addition to the revenues from the maturing ones, that would increase money injected and be easing but Operation Twist adds zero net new money.
youngbuck
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I am really interested in seeing how this plays out. I'd like to see what ratio of European money floods into PMs/USD.
Steven Douglas
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Me too. Bet it's high. It's the ultimate way to kick the can just a little farther down the road, as it will buy everyone, but especially Americans, some more time. Globally, it can have the effect of reinforcing the role of the dollar as the world's individuals' reserve currency, without respect to oil, Standard and Poor's political ratings. That's only because the dollar becomes the lesser evil of all the free-falling evils. That can slow the fall of the dollar relative to other currencies, as we (and those abroad who seek out the dollar as refuge) end up like so many rats on the bow, or highest part, of a foundering sinking ship.
Currency pulled out of the US economy can behave as currency saved, as it will place downward pressure on domestic prices. Of course, that would exacerbate the problem for those servicing past debts, who still require greater amounts of currency of decreased value with which to pay off those debts. That would mean more failures within the banking system itself, but is it enough to cause a catastrophic domino effect? And does the Fed paying banks to park funds mitigate that for a time? Whatever the case, those failures are a large part of the price that will be paid to keep price inflation from getting completely out of control. It also gives the Fed room to replace that currency -- which hopefully won't flood back home to roost in too great a numbers at once -- with some QE"X" of its own, to place enough upward pressure on domestic prices.
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