potential for a correction in precious metals??

[outspoken]

I'd love to add to my precious metals inventory but am curious if any of you who follow this stuff foresee any possible window to buy, a la a correction? It seems like silver has been blowing throw the roof lately and I'm hoping for an opportunity to get in....

 

[Dr.3D]

I tend to believe it is correcting from what was an artificial low.

 

[AZKing]

//

 

[thedude]

I tend to believe it is correcting from what was an artificial low.

This^

 

[Cowlesy]

I cannot make myself buy the physical stuff with the curve like it is. I prefer trading in the paper market (yes I've heard all the arguments against it) where I have instant liquidity. If we started seeing a major correction, it's easy to jump out of the paper at a minimal cost and then buy the real stuff.

 

[specialK]

I started buying several years ago after reading a book that predicted silver would hit up to $60. I stopped buying, however, at $39. I'm not sure that I will purchase more, as if it starts falling, I'm frequently on an island with nowhere to sell it, so, will probably play it safe and use the money instead to pay down a mortgage in anticipation of a possible rise in interest rates.

 

[Brian4Liberty]

Nothing goes in a straight line... there is often a lull in metals in the summer.

 

[aravoth]

I just buy whenever I have the money, regardless of the price. Might not be the smartest thing to do, but I've found that timing the metals market is a tough thing to do. But in the last three years, I'm ahead of the game. Having bough most of my silver when it was between 11-13 dollars an ounce.

That being said, things are so messed up right now. I don't even want to hazard a guess. If a correction occurred, metals could drop sharply, or the rise in prices for silver could be the very correction everyone has been waiting for.

 

[SLSteven]

Right now gold is up 6 and the S&P is up 17. Gold is down relative to stocks. Silver is doing slightly better than stocks today.

Looks like a buying opportunity for gold.

 

[Dforkus]

There's ALWAYS a potential for a technical correction in any equity or commodity that has done well the previous 18 months...

Corrections, and their counterpart the "bear market rally" are a fact of life...