Buying opportunity

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Seraphim

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http://www.kitcosilver.com/

If markets keep going like this, we could see a deep correction in many asset classes.

If silver hits 32$ I'd be looking to buy with both hands. Precious metals will continue to see the knee jerk reactions by the market place, but they will rebound much, much quicker then just about every other asset class (along with energy and food).

As things continue to get dicey, at some point people will flock into gold and propel prices much, much higher. If silver and gold continue going down, assemble a wad of cash and go buy the dip. BUY THE FUCKING DIP. JUST BUY THE FUCKING DIP.

If you are interested in Palladium, things could get VERY ugly for palladium in the short term.
 
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Its already started to rally back. Its completely irrational. Hold and buy more. Japan is printing billions and this will be an easy excuse for QE3 which was going to happen anyway.
 
Yes, definately. Support for 34$ silver is very strong.
Blueskies said:
Its already started to rally back. Its completely irrational. Hold and buy more. Japan is printing billions and this will be an easy excuse for QE3 which was going to happen anyway.
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really a very nice buying opportunity.
Looks like the drops of today were linked to fx interventions.
 
by using "fx" i meant foreign exchange.
When the bank of japan first intervened to support the $ against the strong yen, silver plunged. The second drop happened at a similar move in Jpy/usd.
Therefore it lookes like a correlation to me.
 
PMs do go down with the market at times mainly as people are liquidating their investments.
 
gotcha.

swissaustrian said:
by using "fx" i meant foreign exchange.
When the bank of japan first intervened to support the $ against the strong yen, silver plunged. The second drop happened at a similar move in Jpy/usd.
Therefore it lookes like a correlation to me.
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this does not change the overall thesis for gold/silver so I would be buying here if I had more cash. I would be buying physical.
 
Just wondering why you said that Palladium might take a huge short-term hit? I've been watching it get hammered for a while and I am not sure why.
 
Seraphim, what would you do all day if you weren't watching and analyzing the price of PMs?
 
Im buying physical tomorrow. I don't think there's much more to this small correction. Even Dow futures are green right now. PMs will likely be on the way back up very soon.
 
Christianlibertarian said:
Just wondering why you said that Palladium might take a huge short-term hit? I've been watching it get hammered for a while and I am not sure why.
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i believe that palladium is used in a lot of automotive applications, and with toyota and honda keeping their japan plan(s) closed another weak, this could cause a drop in demand?

just my guess
 
In the short term yes.

With that being said, global factories have the capacity to offset the drop off of production in Japan- and that process has begun.

Long term palladium fundamentals have not changed. This short term drop off probably won't last long.



Kelly. said:
i believe that palladium is used in a lot of automotive applications, and with toyota and honda keeping their japan plan(s) closed another weak, this could cause a drop in demand?

just my guess
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Got my order in yesterday so yes, a buying opportunity that Im backing up with action.
 
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